The American Express Business Platinum Card is one of the best business cards in the industry. This card is primarily for business owners and entrepreneurs who spend heavily in airfare or in general. Business owners and entrepreneurs who want travel perks will be impressed with this card.

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



Earning is not a strong suit of the Business Platinum Card unless you’re a big spender. This is because it earns 5x Membership Rewards (MR) points on airfare booked through Unlike the personal Platinum Card, the Business Platinum Card does NOT earn 5x points for airfare booked directly with the airline (or otherwise). The card also earns just one point on non-bonus spend. And 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).

Furthermore, this 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’ 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 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)
  • KLM Flying Blue / Air France
  • Nippon Airways
  • Qantas
  • 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. Also, the Business Gold Card has a sign-up bonus worth 35,000 points. That bonus can be earned after spending $5,000 in the first three months. The Business Gold Card has an annual fee of $295 (NOT waived the first year).

This card might be a better option if you prefer to earn points instead of benefits. It’s also better for businesses who can’t hit the Platinum’s expensive bonus. However, some businesses might want both cards to have the best of both worlds.

American Express Blue Business Plus

The Blue Business Plus Card is very simple and very generous. It earns 2x MR points on the first $50,000 annually and only one point thereafter. That means you can earn up to 100,000 MR points per year.

The Blue Business Plus Card has no annual fee or public sign-up bonus. Plus, it is a traditional credit card, and not a charge card. The Blue Business Plus will earn you more points while the Platinum will give you a plethora of benefits. The strengths of each card make them nice complements to each other.

This card is the best option if you have less than $50,000 in annual expenses and do not travel often.

Chase Ink Business Preferred

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

This card has a $95 annual fee (NOT waived the first year). It also has a sign-up bonus worth a whopping 80,000 UR points. Chase’s largest overall bonus can be yours if you spend $5,000 within the first 3 months.

The Ink Business Preferred is the better card if you prefer Chase’s travel partners and spend heavily within its categories. However, the Platinum is best for benefits. Both cards can be complements in this regard as well.


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.


Apply Today: American Express Business Platinum Card