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NerdWallet > Business Credit Cards > The Business Platinum Card® from American Express OPEN
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The Business Platinum Card® from American Express OPEN
American+Express Business+Platinum Credit Card

(3.5/5 - 124 Votes)
Net Annual Rewards
$-109
of American Express Membership Rewards
Reward Rate
1.00%
Annual Fee
$450
Signing Promo
25,000 American Express Membership Rewards Bonus after spending $5,000 - in the first 3 months
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through the American Express Affiliate Program.
APR, fixed
No Data
Intro APR Promotions
Purchase:
None
Transfer:
None
Summary
  • For a limited time: Earn 25,000 Membership Rewards® points by spending $5,000 in the first 3 months
  • Enroll and select an airline to receive up to $200 annually in statement credits for incidental fees such as checked bags, in-flight refreshments, and change fees.*
  • 20% Travel Bonus when redeeming with Membership Rewards® Pay with Points
  • Complimentary airport club access to 600 partner lounges, a $950/yr value
  • By Invitation Only: Receive exclusive access to events, ideal for entertaining clients or treating staff, worldwide that aren't available to the general public
  • No pre-set spending limit*

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Reward Details & Calculator

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Rewards Type: American Express Membership Rewards

Signing Promotion
($250=25,000 points)/2 yrs
$125
Estimated Annual Rewards
$21,600 * 1.00%
$216
Annual Fee, 2 yr avg
$450
Annual Rewards (Rewards less Fees)
$-109

Details

  • Earn 1 point per $1 spent on purchases
  • Pay in full each month
  • No pre-set spending limit
  • Airport club access to AA, Delta, others
  • Complimentary membership at Hertz, Avis, National
  • Business concierge

Calculate Interest & Finance Charges

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Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 0.0%
$0
APR, 24 months
$0
Total
$0

*Average APR for Balance Transfers of 0.0% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 0 months
0.00%
Ongoing EAR, 24 months
0.00%
Total EAR, 24 months
0.00%

APR Rankings

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APR
N/A
Balance Transfer Fee
N/A
Cash Advance APR
N/A

Rewards Rankings

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Annual Fee
$450
ranks #1769 out of 1773 cards.
Average is $9.
Base Reward Rate
1%
ranks #69 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
1%
ranks #187 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$250
ranks #19 out of 1762 cards.
Average is $33.
Credit Card Review: The Business Platinum Card® from American Express OPEN


Author:
STEPHEN

The American Express Business Platinum card is one of the most easily recognizable credit cards around. Due to the $450 annual fee, this card is out of reach of all but the highest level corporate executives – it is much more common to see Green and Gold corporate cards, even across Wall Street.

Perks
The card’s most notable perk is that it can get you and two travel companion into airport lounges around the world. Anyone who has experienced a long layover can attest to the joys of free food and beverages, comfortable couches, and free WiFi and newspapers. The thing to consider however, is that most people who pay up to get a Platinum Card are probably flying Business or First Class anyways, or are elite status in whatever airline they tend to fly the most. Therefore, lounge access is sometimes redundant.

The card’s second most talked about perk is the access to a concierge, though I have yet to meet anyone who has actually employed the service to such a level that it justifies the $450 annual fee.

The card’s other perks include companion tickets on full fare first and business class flights, free roadside assistance, premium travel insurance, and the normal but wonderful American Express Protections (Purchase Protection, Return Protection, and Extended Warranty).

Rewards Program
The card earns Membership Rewards First Points, which are the world’s premiere credit card rewards points. You can transfer these at a 1:1 ratio to most hotel and airline programs, and therefore they are worth their weight in gold when you are just short of a free ticket. You can also get advances on points, to the tune of 60,000 points, which can mean a free ticket all on its own.

Other Cards To Consider
If you just want a plain vanilla cash back card, sort our business credit cards page by rewards, on the left hand side, and take a look at all the great options. Of note, American Express SimplyCash gives you 5% back on office supplies and wireless, and 3% back on gasoline. We’d also be sure to consider Chase Ink Cash Business, with 3% back on office supplies, restaurants, gasoline, and home improvement stores.

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