The American Express Business Platinum Card is one of the best business cards in the industry. This card is primarily for business owners who spend heavily in airfare or in general. Business owners and entrepreneurs who want travel perks will not be disappointed with this card. When I started Play Your Cards Right, I upgraded my Business Gold Card to this card to take advantage of its perks.

This is the first of three posts in my Amex Platinum Series. In the second post, I will review the Personal Platinum card. And in the third post, I will spotlight perks for both cards.



The Business Platinum Card earns 5x Membership Rewards (MR) points on airfare and 1x points on all other purchases. It also earns 1.5x points on purchases of at least $5,000. The Business Platinum Card has an annual fee of $595 (NOT waived the first year).

The Business Platinum Card has a 75,000-point sign-up bonus that comes in two parts. You receive the first 50,000 points after spending $10,000 and the rest of the points after spending another $10,000. All $20,000 must be spent within the first three months of card-membership. The minimum spend for this card is way too much for a lot of small businesses and individuals. But medium and larger businesses should have no problem getting the points.



Earning points is fantastic, but points earned are useless if you cannot redeem them for anything of value. Amex has multiple options for redemption:

Transfer Partners

American Express’ 21 transfer partners are this card’s most valuable redemption option. They are the reason why points and miles enthusiasts love the Membership Rewards family of credit cards so much. Amex transfers points at a 1 MR to 1 partner currency ratio unless otherwise noted.


  • Choice Privileges
  • Hilton (1 MR = 2 Hilton Honors Points)
  • Marriott


  • Aer Lingus
  • Aero Mexico (5 MR = 8 Premier Points)
  • Air Canada
  • Air France / KLM Flying Blue
  • Air Italia Millemiglia
  • Asia Miles
  • Avianca Lifemiles
  • British Airways
  • Delta Airlines
  • El Al Israel Airlines (50 MR = 1 Matmid Point)
  • Emirates
  • Etihad Guest
  • Hawaiian Airlines
  • Iberia
  • JetBlue (5 MR = 4 TrueBlue Points)
  • Nippon Airways
  • Singapore Airlines
  • Virgin Atlantic

Your mileage may vary for each partner. But for most partners, you should be able to easily redeem your points for at least 1.5 cents per point (CPP).

Other Options is Amex’s travel website that can be used to book hotels and flights. If you use their website and use points to pay for your flight, Amex will give you back 35% of the points paid for future use.

Gift cards, merchandise, and statement credits are not recommended. You will earn less than 1 CPP using these options. If cash back or gift cards are what you want, this card is probably not for you.


Rules & Regulations

This card is subject to Amex’s Once Per Lifetime Rule, which states that you can only receive a sign-up bonus on any card once ever.

If MR points matter to you more than benefits, wait until this card has a six-figure bonus to apply. If you can’t afford to spend $20,000 or if the perks are too hard to resist, go ahead and apply.


Similar Cards

Try these other options if the Business Platinum doesn’t sound right to you:

American Express Business Gold Card

The Business Platinum’s little “sibling” earns 4x MR points on two categories of your choice. It also earns 2x points in the other categories and 1x points on all other purchases.

Both cards have the same redemption options. But the Gold Card has much fewer benefits and no true sign-up bonus. The Business Gold Card has an annual fee of $295 (NOT waived the first year).

If you prefer to earn points instead of benefits, this card might be a better option. However, some businesses have both cards to have the best of both worlds.

American Express Blue Business Plus

This card is very simple and very generous. It earns 2x MR points on the first $50,000 spent on the card. That means you can earn up to 100,000 MR points per year.

The Blue Business Plus has no annual fee and it’s a traditional credit card. It also has no public sign-up bonus. This card can be a nice complement to the Platinum Card. Both cards will earn you more points and give you the Platinum’s benefits. But if you only want points and no annual fee, this card is the best Amex option for you.

Chase Ink Business Preferred

Chase’s top business card is a great alternative to the Business Gold. Ink Business Preferred earns 3x Ultimate Rewards (UR) points on general travel, shipping purchases, internet, cable and phone services, and on online advertising purchases. All categories have a limit of $150,000 of spend per year.

This card has a $95 annual fee (NOT waived the first year). It also has a huge 80,000-point sign-up bonus. Chase’s largest overall bonus can be yours after spending $5,000 in the first 3 months.

If you prefer Chase’s travel partners and spend heavily within its categories, this card may be for you.


Final Draw

The American Express Business Platinum Card is a great choice for entrepreneurs and business owners who spend heavily. If you have a hefty travel budget and you want some of the best perks in the business, this card is for you.

I upgraded to the Business Platinum Card because I wanted a card with perks to complement my high-earning Chase cards. This card is still too valuable to give up despite its $595 annual fee. I am proud to have this card at such a young age because it offers the keys to a world of travel and luxury.