The Business Platinum Card from American Express OPEN carries a lot of prestige and is known as much for its generous rewards as it is for its hefty $450 annual fee.
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 trip purchases and complimentary airport lounge access. But with such a large annual fee 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.
This card is one of our picks for the Best Credit Cards for Freelancers.
Confused about all the different amounts listed on your credit card bill? Read our guide to paying credit cards here.
- Annual Fee $450
- Intro Purchase APR -
- Regular Purchase APR Not Applicable - Paid in Full Monthly
- Earn 5X Membership Rewards points per $1 spent on flights and prepaid hotels on the American Express Travel website
- Earn 1.5X Membership Rewards points per $1 spent on eligible purchases of $5,000 or more (an extra .5 points per dollar, up to 1 million extra points per year)
- Earn 1X Membership Rewards point per $1 spent on all other purchases
- Signup Bonus 50K Membership Rewards points for spending $10,000 and an extra 25K points for spending an additional $10,000, all in the first 3 months
- Chip Technology Chip-and-Signature
- Foreign Transaction Fee 0%
- Intro Balance Transfer APR -
- Regular Balance Transfer APR -
- Cash Advance APR -
- Penalty APR -
- Late Fee Up to $38 or 2.99%, whichever is greater
- Returned Payment Fee $38
Check your card's Guide to Benefits to learn the specific benefits your card offers and how to access them. Learn more about credit card benefits here.
$200 Annual Airline Fee Credit
Covers incidental fees, such as checked bags and in-flight refreshments. Must be charged by the airline to your card. Applies to one selected, qualifying airline per year
35% Airline Bonus
Get 35% of your points back when you use Pay With Points for all or part of an eligible flight. Up to 500,000 bonus points per year. Applies to Business and First class on any airline, or flights from the selected qualifying airline.
Amex Global Lounge Collection
Provides access to The Centurion℠ Lounges, Delta Sky Clubs®, and Airspace Lounges. You can also enroll in Priority Pass™ Select for free.
Offers 10 Gogo inflight internet passes annually.
Provides unlimited WiFi at Boingo hotspots when you enroll your card.
Fee Credit for Global Entry or TSA Pre✓TM
Apply for Global Entry ($100) or TSA Pre✓TM ($85) with your card to get a statement credit for it every 4 years. These services provide expedited screening at certain airports.
International Airline Program
Save on companion tickets when you purchase an international ticket.
Starwood Preferred Guest® Program
Cardholders get SPG Gold Preferred Membership automatically. Includes hotel room upgrades whenever they are available, late checkouts, and the opportunity to earn nights and free flights with SPG Flights.
Hilton Honors Gold Status
Get complimentary Hilton Honors Gold Status. Provides benefits, services, and reward stays at hotels and resorts in the Hilton Portfolio.
Fine Hotels & Resorts
Provides a suite of benefits at participating locations. Includes room upgrades and daily breakfast for two.
The Hotel Collection
Get a hotel credit and room upgrade at participating hotels.
Preferred Seating Program
Exclusive seating at sports, concerts, and other entertainment events at leading venues. You also get tickets before other people to eligible events.
Get an exclusive magazine that’s published 7 times a year for Platinum Card Members. It focuses on travel, style, culture, shopping, dining, and the interesting, inspiring, and unexpected.
Car Rental Privileges
Special upgrades and discounts on premium car rental programs of Avis, Hertz, and National Car Rental.
Global Dining Collection
Exclusive access to reservations and experiences at restaurants. Includes meetings with chefs and special table access.
Premium Private Jet Program
Visit Delta Private Jets to book charter flights flights Delta Private Jets. Includes a 20% discount on certain commercial flights.
Business Platinum Card Concierge
Provides non-emergency assistance of many kinds, at any time.
Tier One Program
Eligible businesses, spending at least $5 million per year, may be invited to join this program for enhanced benefits.
Get significant discounts at specific participating merchants.
Exclusive access to ticket presales and cardmember-only events in your city.
OPEN Business Services
Reports to Business Credit Bureaus
Amex business cards report positive activity to Small Business Financial Exchange. Negative activity is reported to Dun & Bradstreet, Experian, Equifax, and TransUnion.
No additional annual fee for employee cards. Every card can earn points. Up to 99 employee cards available.
Ability to give other people permission to manage your account.
Use this feature to get a handle on your spending by adding receipts and notes, via desktop or mobile.
Online community for small business owners to connect with each other.
Extra savings on eligible purchases from participating merchants.
ReceiptMatchSM with QuickBooks®
Track expenses with ReceiptMatch with QuickBooks®.
Get alerts about account information on your phone.
Relationship Care Service
24/7 customer support by calling the number on your card. You’ll speak with a specially-trained business representative.
Help with fraudulent transactions.
For warranties of 5 years or less you can get up to one extra year added to the original manufacturer’s warranty.
Items purchased with your card are protected against accidental damage and theft within 90 days of the purchase.
If the merchant won’t take back an eligible item that you purchased on your card within 90 days from the date of purchase, American Express may refund the purchase price, minus shipping and handling, for up to $300 per item, up to $1000 per year for each account.
Global Assist® Hotline
When you travel 100 miles or more from home you can get help with travel accidents such as a lost passport, the need for a lawyer, sudden illness, and more. You pay for all third-party service costs.
Baggage Insurance Plan
When you buy a Common Carrier ticket on your card, eligible lost, damaged, or stolen bags are covered up to $3,000 for carry-on baggage & checked bags together and up to $2,000 for checked baggage only.
Travel Accident Insurance
Added financial security if accident or death is caused when traveling by plane, train, ship, or bus; up to $500,000.
Car Rental Loss and Damage Insurance
Stolen or damaged vehicles are covered if you use your card to pay and reserve the rental, and you decline the collision damage waiver. Not all rentals or vehicles are covered. Provides secondary coverage only, not liability coverage.
Roadside Assistance Hotline
Assistance with services such as towing, changing a flat, or boosting a battery in case of emergency. American Express covers your charges 4 times. You cover third party costs after that. Restrictions Apply.
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