The American Express Business Platinum Card stands out as a premium choice for entrepreneurs and business owners seeking to maximize their rewards and benefits. This comprehensive guide will delve into the key features, perks, and considerations of the Amex Business Platinum Card, helping you determine if it’s the right fit for your business needs.
Key Features and Benefits
Welcome Bonus
The Amex Business Platinum Card offers a generous welcome bonus for new cardholders. Typically, this bonus requires a substantial spend within the first few months of card membership but can provide a significant boost to your rewards balance right from the start.
Rewards Program
The card offers a robust rewards program:
5x Membership Rewards Points on flights and prepaid hotels booked through amextravel.com.
1.5x Points on eligible purchases in select business categories, as well as on purchases of $5,000 or more everywhere else (up to a cap).
1x Points on all other purchases.
Travel Perks
For frequent business travelers, the Amex Business Platinum Card offers exceptional travel benefits:
Access to Airport Lounges: Complimentary access to the Global Lounge Collection, including Centurion Lounges, Priority Pass Select, and more.
Hotel Benefits: Fine Hotels & Resorts Program and The Hotel Collection offer special benefits like room upgrades and complimentary breakfast.
Airline Fee Credit: Up to $200 in statement credits per calendar year for incidental fees charged by the airline of your choice.
Business-Oriented Benefits
Dell Technologies Credit: Up to $200 in statement credits annually for purchases with Dell.
Wireless Credit: Up to $120 in annual statement credits for wireless telephone service purchased directly from U.S. service providers.
Global Entry/TSA PreCheck: Statement credits for these expedited security screening programs.
Considerations
Annual Fee
The Amex Business Platinum Card comes with a high annual fee. However, the extensive perks and rewards often outweigh this cost for businesses that can take full advantage of the benefits.
Foreign Transaction Fees
There are no foreign transaction fees, making this card ideal for international business travel and purchases.
Eligibility and Application
To apply for the Amex Business Platinum Card, you’ll need a good to excellent credit score. Additionally, American Express will review your business revenue and expenses during the application process.
Conclusion
The Amex Business Platinum Card is a powerful tool for business owners looking to leverage extensive travel benefits, a strong rewards program, and valuable business-centric perks. While the annual fee is high, the potential savings and rewards can make it a worthwhile investment for the right business.
FAQ
What is the annual fee for the Amex Business Platinum Card?
The annual fee for the Amex Business Platinum Card is $695.
How can I earn the welcome bonus?
The welcome bonus is earned by meeting a specified spending threshold within the first few months of card membership. The exact amount required can vary, so check the current offer when applying.
Are the reward points transferable?
Yes, Membership Rewards points can be transferred to a variety of airline and hotel loyalty programs, offering flexibility and value.
Does the card offer purchase protection?
Yes, the Amex Business Platinum Card includes purchase protection, extended warranty, and return protection on eligible purchases.
Is the Amex Business Platinum Card suitable for small businesses?
The card is well-suited for businesses that can take advantage of the travel perks and higher points-earning potential on larger purchases. Small businesses that don’t travel frequently or have lower spending might find other cards more beneficial.
Can I add employee cards?
Yes, you can add employee cards to your account. Employee cards come with an additional annual fee but include many of the same benefits.