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Published January 1, 2024
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American Express Business Platinum Card Review 2024: Is It Worth It?

The Amex Business Platinum Card is loaded with travel perks and earns 1.25 reward points per eligible $1 spent.

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4.0

NerdWallet Rating

Best for small business owners that frequently travel for work.

If you want a card loaded with travel benefits with a straightforward rewards earn rate, consider the Amex Business Platinum.  

Learn more about our star rating methodology.

    The metallic American Express Business Platinum Card is chock-full of enticing travel perks and features an uncomplicated rewards structure for everyday spending.

    Business Platinum Card® from American Express

    Business Platinum Card® from American Express
    • Annual Fee
      $799
    • Interest Rates
      Varies
    • Rewards Rate
      1.25x Points
    • Intro Offer
      Up to 120,000 Points
    Card details
    • Redefine what you’ll experience and discover with Platinum.
    • Earn up to 120,000 bonus Membership Rewards® points.
    • Earn 80,000 Membership Rewards® points after you charge $15,000 in net purchases to your Card in your first 3 months of Cardmembership.
    • Plus, earn 40,000 points when you make a purchase between 14 and 17 months of Cardmembership.
    • That’s up to $1,200 in statement credit that can be reinvested in your business.
    • Earn points that you can redeem in a variety of ways.
    • Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses.
    • Enjoy an exceptional line-up of rewards redemption options for you and your business, including travel, dining, entertainment, gift cards, merchandise, and more with Membership Rewards program.
    • Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
    • Bolster your business with up to $820 in annual business and travel statement credits.
    • Enroll your eligible Card and earn up to $500 in business statement credits on qualifying purchases with Dell and Indeed.
    • Enroll and earn up to $120 in eligible Wireless Credits each year.
    • Access a $200 Annual Travel Credit each year of your Cardmembership.
    • Unlock spending power and payment flexibility with a full suite of business management tools that give you more control over your business – anytime and anywhere.
    • Enjoy financial flexibility with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history.
    • Maximize your cash flow with up to 55 interest free days so you can keep more cash on hand when you need it most.
    • Pay for business expenses over time with Flexible Payment Option.
    • This charge Card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full Charge. This rate is effective from the day the account is opened. The Preferred rate of 20.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12 month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12 month period, the Flexible Payment Option rate will be 28.99%. These rates are effective from the day the Flexible Payment Option is first available on your account.
    • Extend payment solutions with Supplementary Cards for your employees.
    • Enjoy special benefits for you and your business.
    • Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
    • Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
    • Get access to discounted base fares for you and your travel companions when you book through the International Airline Program.
    • Enjoy access to specialty services and events, preferential treatment, and a dedicated Concierge team.
    • Enjoy Fine Hotels + Resorts benefits at over 1,300 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.
    • Access a $100 CAD credit for NEXUS every 4 years with your Cardmembership.
    • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, NerdWallet may receive compensation from American Express, which can be in the form of monetary payment.

    American Express Business Platinum Card full review

    The American Express Business Platinum Card is a rewards credit card for small businesses. It earns 1.25 American Express Membership Rewards points for each eligible $1 spent. 

    Benefits of the American Express Business Platinum Card

    The Amex Business Platinum Card has plenty going for it, including airport lounge access, business management tools, hotel upgrades, complimentary airport transfers, sweeping travel insurance and more. Plus, small businesses can take advantage of flexible repayment via interest-free periods of up to 55 days.    

    Drawbacks of the American Express Business Platinum Card

    The Amex Business Platinum does not have accelerated earn rates for specific spending categories, which may make it more challenging to rack up points. And despite its robust insurance offerings, there are coverage gaps: the card doesn’t come with mobile device protection, and its emergency medical insurance doesn’t cover people over the age of 65.

    Who should get the Amex Business Platinum Card?

    The Amex Business Platinum card is well-suited for business owners who want a card with flexible repayment options, rewards on everyday spending and an extensive suite of travel benefits and insurance coverage. There’s wiggle room in the Amex Business Platinum’s spending limit and repayment options, and the card comes with a respectable lineup of travel perks and insurance. The card also earns a straightforward 1.25 reward points for every $1 spent. 

    Is the American Express Business Platinum Card worth it?

    It depends on the spending and travel habits of your business. The Amex Business Platinum Card has a $799 annual fee, so ideally, you squeeze at least this much value from the card annually to make carrying it worthwhile. Beyond its welcome offer, the card comes with airport lounge access, hotel freebies, car rental discounts, comprehensive insurance and more. We think the small business best positioned to take advantage of this card’s offerings is one that can make use of its travel extras.

    American Express customer satisfaction ratings

    Amex Business Platinum Card eligibility

    Who qualifies for the American Express Business Platinum Card?

    To qualify for the American Express Business Platinum Card, you must be:

    While American Express doesn’t disclose this information on its site, there may be annual income requirements associated with the Amex Business Platinum.

    Approximate credit score needed for approval

    Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. We know that higher scores have better chances of approval — that’s true no matter what type of credit you’re applying for.

    Want to learn more? Visit our “What Credit Score is Needed for a Credit Card?” page.

    » MORE: How to Check Your Credit Score 

    American Express Business Platinum Card rewards

    Welcome offer
    Ongoing rewards
    Card value

    Receive up to 120,000 American Express Membership Rewards points. Earn 80,000 Membership Rewards points after you charge $15,000 in net purchases to your card in your first three months of Cardmembership. Plus, earn 40,000 points when you make a purchase between 14 and 17 months of Cardmembership (limited-time offer, terms and conditions apply).

    Earn 1.25 American Express Membership Rewards points for each $1 spent on eligible everyday purchases.

    Cardholders may get up to 2 cents per Amex Membership Rewards point, according to NerdWallet analysis. So this card’s welcome offer could be worth up to $1,800, depending on how the points are redeemed.

    The American Express Business Platinum Card has additional perks that offer value. The card provides access to multiple airport lounge programs, including the Priority Pass lounge program, for which membership program fees range from $99 to $469 USD annually. It also comes with discounts on airfare, airport parking and car rentals, which could amount to hundreds of dollars in savings. Not to mention the card’s extensive insurance coverage, which could be worth thousands should cardholders ever put it to use.

    Point value breakdown

    The value of an American Express Membership Rewards point varies on the redemption method you choose, but you can expect to get around 0.7-2 cents per point, according to NerdWallet analysis. 

    How to apply for the Amex Business Platinum Card

    1. Select the Apply Now button from the American Express Business Platinum Card page on the American Express website.
    2. Review the card’s terms and conditions and select Agree and Begin to continue. 
    3. Enter your details, including your full name, date of birth, email address, business postal code, business phone number and residential address.
    4. Tell American Express about your business, including its industry, number of employees and annual revenue.
    5. Choose a four-digit PIN.
    6. Review the information you’ve supplied and submit your application.

    American Express Business Platinum Card vs American Express Platinum Card

    American Express Business Platinum CardAmerican Express Platinum Card
    Annual fees$799$799
    Rewards rates1.25 points on every $1 spent. • 2 points per $1 spent on dining and food delivery.

    • 2 points per $1 spent on travel.

    • 1 point per $1 spent on all other purchases.
    Travel perks• Access to over 2,500 global airport lounges.

    • Free daily breakfasts, early check-in, late check-out, room upgrades and food, beverage and spa credits at partner hotels.

    • Complimentary valet service and discounted parking when travelling through Toronto Pearson Airport.

    • Discounts on qualifying international airline tickets.

    • Complimentary transfers to and from the airport.

    • Car rental upgrades and discounts.
    • Access to over 1,300 global airport lounges.

    • Late check-out and complimentary daily breakfast for two at over 1,100 hotels worldwide.

    • Priority security lanes and complimentary valet service at Toronto Pearson Airport.

    • $200 travel credit for American Express Travel Online.

    • $100 NEXUS fee rebate every 4 years.

    • Get fast-tracked for hotel loyalty programs.

    Reasons you might want a different card

    The American Express Business Platinum Card may not be a practical fit for your small business if:

    American Express Business Platinum Card facts

    American Express Business Platinum Card
    Card typeBusiness credit card.
    Fees and interest rates
    Annual fee$799
    Additional cards$50 - $199
    Regular/purchase APRN/A
    Cash advance fee$0.75 or 3% of the advanced funds, whichever is greater.
    Foreign transaction fee2.5% of the transaction amount.
    Rewards and benefits
    Intro offerUp to 120,000 Points
    Reward earn ratesCardholders earn 1.25 American Express Membership Rewards points for each $1 spent on eligible everyday purchases.
    Other perksNo pre-set spending limit. Card purchases are approved based on your credit and account history.

    Flexible repayment with up to 55 interest-free days. Take advantage of an extended interest-free grace period to pay the minimum, more or total amount owing.


    Handy business management tools. Tap into expense management reports, account alerts, billing information and more. 

    Sweeping airport lounge access. Step out of the airport hubbub and into Plaza Premium, Priority Pass, Delta Sky Club and American Express Global Lounge Collection lounges, including the illustrious Centurion Lounge.

    Lavish hotel extras. Travel in luxury with complimentary daily breakfasts, early check-in, late check-out, room upgrades, and food, beverage and spa credits at partner hotels.

    Pearson Airport perks. Enjoy complimentary valet service and discounted parking at Toronto Pearson Airport.

    Less expensive airfare. Receive discounts on qualifying first, business and premium economy international airline tickets.

    Complimentary airport transfers. Get to or from the airport with up to six one-way transfers annually in select Canadian and international cities.

    Car rental upgrades and discounts. Save on vehicle upgrades, get rate discounts and skip the reservation counter when you book a rental vehicle through participating Hertz and Avis locations.

    American Express Experiences. Enjoy special access to food, theatre and entertainment events curated for Amex Platinum cardholders.

    Amex Front of the Line. Nab tickets to popular events before they go on sale to the general public.
    Insurance coverage
    Travel accidentUp to $500,000.
    Travel medicalUp to $5 million per insured person per trip.
    Trip cancellationUp to $3,000 for all insured persons combined.
    Trip interruptionUp to $6,000 for all insured persons combined.
    Flight delayUp to $1,000 for necessary accommodations, restaurant expenses and sundries.
    Baggage delayUp to $1,000 for essential clothing and sundry items.
    Lost or stolen baggageUp to $1,000 of coverage per trip for all insured persons.
    Hotel burglaryUp to $1,000 of coverage for personal items (excluding cash).
    Rental car theft/damageFor up to 48 days.
    Extended warrantyUp to one additional year.
    Purchase protection90 days.
    Employee Card Misuse ProtectionUp to $100,000 of coverage in the event of unauthorized charges due to employee card misuse.

    Rating Methodology

    NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

      Frequently asked questions about the Amex Business Platinum Card

      What is the annual income requirement of the American Express Business Platinum Card?

      American Express doesn’t publicly disclose annual income requirements for its Amex Business Platinum Card. You must provide your annual income during the application process, which may be a factor during card approval.

      How many Amex Platinum cards are there?

      American Express has three Platinum credit cards in its roster: Amex Platinum, Amex Business Platinum and Amex Corporate Platinum.

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      What Is a Business Credit Card?

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      American Express Front Of The Line and Experiences: What to Know

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