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The Business Platinum® Card from American Express

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Designed for the established business owner and frequent traveller, 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 status to an annual airline fee credit and quality of life improvements to traveling, there are many things that could make the $595 annual fee less intimidating. Just be sure you travel enough to take advantage of the extensive perks in order to make it worth the price.

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(Rates & Fees)

Our rating
Credit range: Excellent
Annual Fee: $595
Regular APR: N/A

The Business Platinum® Card from American Express

Our rating
Excellent Credit range
$595 Annual Fee
Apply Now 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

50K Membership Rewards points for spending $10,000 and an extra 50K points for spending an additional $15,000, all in the first 3 months (expires 12/4/19)

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 None
Regular Balance Transfer APR None
Balance Transfer Fee See Terms
How to Transfer a Balance on a Credit Card

Fees

Penalty APR None
Late Fee $39 or 2.99% of any past due Pay in Full amount, whichever is greater.
Returned Payment Fee Up to $39
Additional Cards Annual Fee None
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 None
Cash Advance Fee None
How to Get a Cash Advance with a Credit Card
ABOUT THE ISSUER

American Express

American Express has several card types depending on your needs.

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The Business Platinum® Card from American Express

Highlights

  • Welcome Offer: Earn up to 100,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That’s 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Terms Apply
  • See Rates & Fees

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 trip purchases 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.