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 AmExTravel.com. 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.
