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The Business Platinum Card® from American Express

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Designed for the established business owner and frequent traveler, the esteemed Business Platinum Card from American Express comes with a plethora of travel perks and benefits. From enrollment into Marriott Bonvoy and Hilton Honors Gold statuses to an annual airline fee credit and quality-of-life improvements while traveling, there are many ways to make the annual fee less intimidating.

The information related to The Business Platinum Card® from American Express has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

American Express is a Credit Card Insider advertiser.

(Rates & Fees)

Our rating
Min. credit level: Good
Annual Fee: $595
Regular APR: 14.24% - 22.24% Variable

The Business Platinum Card® from American Express

Our rating
Good Min. credit level
$595 Annual Fee
How To Apply Read our Review

Highlights & Features

(Rates & Fees)

Rewards

  • 5X Membership Rewards points per dollar spent on flights and prepaid hotels on the American Express Travel website
  • 1.5X Membership Rewards points per dollar spent on eligible purchases of $5,000 or more (an extra .5 points per dollar, up to 1 million extra points per year)
  • 1X Membership Rewards point per dollar spent on all other purchases
Introductory Bonus
  • 75,000 bonus points for spending $15,000 in the first 3 months

Balance Transfers

A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.

Intro Balance Transfer APR N/A
Regular Balance Transfer APR N/A
Balance Transfer Fee N/A
How to Transfer a Balance on a Credit Card

Fees

Penalty APR 29.24% Variable
Late Fee $39 or 2.99% of any past due Pay in Full amount, whichever is greater.
Returned Payment Fee $39
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR N/A
Cash Advance Fee N/A
How to Get a Cash Advance with a Credit Card

Card Benefits

PERKS
  • Concierge Service
SHOPPING
  • Discount Portal
TRAVEL
  • No Foreign Transaction Fee
  • Auto Rental Insurance
  • Lost Luggage Reimbursement
ABOUT THE ISSUER

American Express Business

American Express Business has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-243-3888 or

Try a different phone number
See all Issuer Cards

The Business Platinum Card® from American Express carries a lot of prestige and is known as much for its generous rewards as it is for its hefty $595 annual fee (Rates & Fees).

It has an attractive introductory offer, as well as a bevy of other benefits that are sure to make frequent fliers smile, such as bonus points for flights and hotels and complimentary airport lounge access. But with such a large annual fee (Rates & Fees) and rewards aimed mostly at travelers, this card is not for every business owner.

This card is best for established businesses with a positive cash flow, a strong credit history and two or more years in business.