The Business Platinum Card® from American Express

American Express' Business Green Rewards Card offers 2 points per $1 for eligible purchases on, and 1 point for any other purchases.

Credit needed
14.24% to 22.24%
Annual Fee
$595 ($695 after 1/1/2022)

Card Summary

American Express' Business Platinum Card offers big benefits and rewards, but it comes at a high price. It's worth comparing the price of this card to what you get.

American Express Travel purchases can be earned by business owners at five points per $1. You can earn 1.5 points per $1 on all eligible purchases within key business categories and on any other purchases over $5,000, there is a cap.

After you have spent $15,000 with eligible purchases within your first three months of card membership, 120,000 Membership Rewards points will be earned.

The Business Platinum Card by American Express offers many travel benefits.

These benefits include: a maximum $200 airline fee credit that can be used to pay for items such as checked baggage and in-flight drinks.

You also get $179 per year back on CLEAR, hotel and resort perks and global airport lounge access.

These benefits and rewards are not cheap. The card's annual fees start at $595 (or $695 if you apply after 1/1/2022). This card may not suit you if you aren't able to take advantage of the benefits and earn enough rewards.

American Express Business Platinum Card Review:

The card may be suitable for small business owners who book frequent flights or hotel rooms via American Express Travel. They can also earn points and enjoy the card's many benefits.

If you aren't sure that your business will use the benefits of the card enough to cover the annual fee, there may be other options.


Five points for every dollar spent on American Express Travel portal.

You will receive 120,000 Membership Rewards points if you make eligible purchases of $15,000 with your Card during the first three months of Card Membership.

You can get up to $200 in airline credit and global lounge access, as well as other benefits.

Card Summary - Cons

Annual fee of $595 (or $695 if received after 1/1/2022).

There are very few bonus categories.

It's great for:

Businesses that can satisfy the spending requirements of the Welcome Offer.
Owners of businesses who can get sufficient value from the benefits and rewards to cover the annual card fee.
Frequent flyer business owners can take advantage of travel benefits and rewards.

This is not the place for:

Owners of fee-averse businesses.
People who aren't business owners often travel.
Card balances are required by business owners.

Rates and fees

Issuer Name
American Express
Penalty APR
Variable: 29.24%
Credit Needed
Balance Transfer Fee
Annual Fee
$595 ($695 after 1/1/2022)
Cash Advance Fee
14.24% to 22.24%
Foreign Transaction Fee


Enjoy a Welcome Offer: 120,000 Membership Rewards (r) Points after spending $15,000 for eligible purchases within your first three months of Card Membership.

For eligible purchases that are Pay Over Time, you will receive a 0% Intro APR 12 months after account opening. Your APR thereafter will range from 14.24% up to 22.24% depending on creditworthiness and other factors.

Receive 5X Membership Rewards Points on Flights and Prepaid Hotels on Amextravel.com1.5% Membership Rewards, 1.5X Points on Eligible Purchases in Key Business Categories, and 5.5% on all other purchases over $5,000, there is a cap.

Statement credits of up to $1,000 per year are available for select purchases made with the Card.

These include up to $400 with Dell Technologies and up to $300 with Indeed.

You can also get up to $150 with Adobe, as well as up to $250 with Adobe.

Wireless telephone purchase purchases will be eligible for up to $120 in statement credit. Enrollment required.

$200 Credit for Airline Fees: Receive up to 200 statement credits per year towards baggage fees or more with a qualifying airline.

CLEAR $179 credit: Get up to $179 per year back on your CLEAR.

With The American Express Global Lounge Collection, you have access to over 1,300 lounges in 140 countries.

As of 8/2020, there were more lounge options available than any other credit cards.

Application received after 01/13/2022 will be charged $595 ($695)These terms and conditions apply.

Comparative Analysis with Other Cards

American Express Business Platinum Card vs. The Ink Business Platinum Card from American Express

Annual fees: These two cards have different annual fees. The Business Platinum Card by American Express costs $595 (or $695 if you apply after 1/1/2022). The Ink Business Preferred Credit Card charges $95.

Rewards: After you have spent $15,000 with eligible purchases within your first three months, the Business Platinum Card of American Express will earn 120,000 Membership Rewards.

Ink Business Platinum Credit Card earns 100k bonus point when cardholders spend $15,000 within the first three months of account opening. Chase Ultimate Rewards (r) will give you $1,250 towards travel or $1,000 cash back.

American Express' Business Platinum Card earns 5 points for every dollar spent on flights or prepaid hotels through 1.5 points are earned on qualified purchases within key business categories and on all other purchases over $5,000. There is a cap.

Ink Business Preferred credit card earns 3 points per $150,000 in total purchases for shipping, travel, advertising with search engines and other social media sites and internet and cable services. All other purchases earn cardholders an unlimited 1 point per dollar American Express Cardholders with the Business Platinum Card can get over $1,000 per year in statement credits for select purchases, such as $400 with Dell Technologies, $150 with Adobe, and $300 with Indeed. Wireless telephone purchase purchases are also possible with this card. Enrollment required.

Chase Ultimate Rewards points earned on the Ink Business Prepaid Credit Card can be redeemed to redeem for travel at 25% off American Express.

How To Earn Reward Points With the Business Platinum Card American Express?

Business Platinum Card earns 5 points for every dollar cardholders make bookings with American Express Travel. You can earn 1.5 points per $1 on eligible purchases within key business categories and on all purchases over $5,000 elsewhere. There is a cap. Other purchases earn 1 point per $1 The bonus point cap for cardholders is 1,000,000 points in a calendar year.

The card's annual fees can be offset by rewards earnings. If you travel approximately $12,000 each year, and make a booking on American Express Travel, your reward earnings can cover the annual fee. You will earn $600.

American Express Business Platinum Card:

How do you redeem rewards?

There are many options for cardholders to redeem their rewards.

However, not all offer the same value. Redeem points to redeem for American Express Travel gift cards and flights through the portal. For up to 500,000 bonus points each year, you'll get 35% back on points that are used for booking flights through the portal. Others options offer less value. If you choose to pay with points or cashback, your points can be exchanged for 0.7c.

When you shop with American Express, points are worth 0.5%You might be able to redeem more points if you transfer your points from one travel partner to another. American Express Membership Rewards partners will transfer your points for a 1 to 1 value. Some may be able to redeem points at an even higher rate.

What are my points worth?

To see the potential value that you could get from some of these partners, visit What Are My Points Worth? What is the American Express Platinum Business Card APR?

Cardholders can carry a balance and earn interest for purchases less than $100. Based on creditworthiness, the Pay Over Time APR can range from 14.24% up to 22.24%.

How much does the Business Platinum card from American Express cost?

Annual Fee: The card charges a $595 (or $695 if you apply after 1/1/2022). According to U.S. News, nearly 70% of credit cards do not charge an annual fee.

Foreign transaction fee: American Express' Business Platinum Card does not charge a foreign transaction fees. This makes it one of the almost 40% of credit cards without this fee.

Late payment fee: The card charges a $39 late payment fee or 2.99% for any amount past due. American Express Business Platinum Card has a $39 return payment fee.

Do You Need the American Express Business Platinum Card?

If you are:

You can get sufficient value with the card to pay the annual fee.
You can spend a lot of money on business or travel expenses.
You want premium travel benefits.
Do not plan on carrying a balance on your card.


American Express: Questions about the Business Platinum Card

Does the American Express Business Platinum Card make sense?

The card may not be worth it for every business, but it can prove to be very useful if you travel frequently. Calculate your spending habits to determine if the rewards you earn are worth the annual fee. You should also weigh the benefits of your cardholder benefits, especially if you are able to take them advantage of often.

What are the requirements to be eligible for The Business Platinum Card by American Express?

American Express' Business Platinum Card is for small business owners. To apply, you will need to give your company information including federal tax ID. It is a good idea to have excellent credit.

What is the Business Platinum Card?

Yes. The card is metal. However, it costs $595 (or $695 if you apply after 1/1/2022).

What is the best American Express Business Platinum card?

The American Express The Business Platinum Card can be an excellent card for those who are able to afford the high annual fee and earn substantial points.

Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.

Get the Bright App
Ai Powered App, to Delete Debt