Business Platinum Card from American Express Review 2025: Is It Worth It?
The metallic Business Platinum Card® from American Express, also called the Amex Business Platinum, is chock-full of enticing travel perks and features an uncomplicated rewards structure for everyday spending.
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Business Platinum Card® from American Express full review
The Business Platinum Card® from American Express is a rewards credit card for small businesses. It earns 1.25 American Express Membership Rewards points for each $1 spent on nearly everything, except fees, interest and cash equivalents.
Benefits of the Business Platinum Card® from American Express
The Business Platinum Card® from American Express has plenty going for it, including airport lounge access, business management tools, hotel upgrades, complimentary airport transfers at certain airports, sweeping travel insurance and more. Plus, small businesses can take advantage of flexible repayment via interest-free periods of up to 55 days and the option to break your balance into due-in-full and carried-balance categories.
Drawbacks of the Business Platinum Card® from American Express
The Business Platinum Card® from American Express 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’s emergency medical insurance doesn’t cover people over the age of 65. But the biggest drawbacks may be its steep annual fee of $799 and the 30% APR applied to due-in-full balances that aren’t paid in full each month.
Who should get the Business Platinum Card® from American Express?
The Business Platinum Card® from American Express 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 Business Platinum Card® from American Express’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. It’s likely most useful for business owners who frequently travel for work, who can make the most of the travel perks and benefits.
Is the Business Platinum Card® from American Express worth it?
Whether the Business Platinum Card® from American Express makes sense depends on your business’s needs when it comes to spending and travel. The Business Platinum Card® from American Express has a $799 annual fee, so ideally, you can 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 businesses best positioned to take advantage of this card’s offerings are those that can make use of its travel extras. If your business doesn’t require you to travel much, there are likely better card options for you.
American Express customer ratings
Above average in customer satisfaction: American Express ranks second out of 13 issuers in J.D. Power’s 2024 Canada Credit Card Satisfaction Study.
Poor Trustpilot rating: 1.5 out of 5 possible stars based on more than 4,400 customer reviews at the time of this writing.
Poor Better Business Bureau rating: 1.09 out of a possible 5 stars, according to more than 500 customer reviews on the Better Business Bureau website, at the time of this writing.
Poor Customer Service Scoreboard rating: 36.46 out of a possible 200, based on over 330 ratings at the time of this writing.
Business Platinum Card® from American Express eligibility
Who qualifies for the Business Platinum Card® from American Express?
To qualify for the Business Platinum Card® from American Express, you must be:
A Canadian resident.
At least the age of majority for your province or territory.
While American Express doesn’t disclose this information on its site, there may be annual income requirements associated with the Business Platinum Card® from American Express.
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.
Business Platinum Card® from American Express rewards
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 card membership. Plus, earn 40,000 points when you make a purchase between 14 and 17 months of card membership (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 11.52 cents per Amex Membership Rewards point, according to NerdWallet analysis. The average value of an Amex Membership Rewards point is 2.84 cents, according to NerdWallet analysis. So this card's welcome offer could be worth about $3,408.
The Business Platinum Card® from American Express 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, and the American Express Centurion Lounge network, which is only accessible to people who have Platinum, Centurion and Delta SkyMiles Reserve credit cards. 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 0.6 to 11.52 cents per point, according to NerdWallet analysis.
11.52 cents per point for hotel redemptions.
1.74 cents per point for business class air fare redemptions.
1.42 cents per point for economy class air fare redemptions.
1 cent per point for statement credits.
0.76 cents per point for gift cards.
0.65 cents per point for merchandise.
How to apply for the Business Platinum Card® from American Express
Click the “Apply Now” button from the Business Platinum Card® from American Express page on the American Express website.
Review the card’s terms and conditions and select “Agree and Begin” to continue.
Enter your details, including your full name, date of birth, email address, business postal code, business phone number and residential address.
Tell American Express about your business, including its industry, number of employees and annual revenue.
Choose a four-digit PIN.
Review the information you’ve supplied and submit your application.
Business Platinum Card® from American Express vs The Platinum Card® from American Express
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card detailsReasons you might want a different card
The Business Platinum Card® from American Express may not be a practical fit for your small business if:
You don’t want to pay an annual fee of $799.
You don’t travel enough to enjoy the card’s travel extras.
You’d prefer a card that offers an accelerated rewards rate in specific spending categories.
Business Platinum Card® from American Express facts
Business Platinum Card® from American Express | |
|---|---|
Card type | |
Fees and interest rates | |
Annual fee | $799 |
Additional cards | $50 - $199 |
Regular/purchase APR | N/A |
Cash advance fee | $0.75 or 3% of the advanced funds, whichever is greater. |
Foreign transaction fee | 2.5% of the transaction amount. |
Rewards and benefits | |
Intro offer | 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. |
Reward earn rates | Cardholders earn 1.25 American Express Membership Rewards points for each $1 spent on eligible everyday purchases. |
Other perks |
|
Insurance coverage | |
Travel accident | Up to $500,000. |
Travel medical | Up to $5 million per insured person per trip. |
Trip cancellation | Up to $3,000 for all insured persons combined. |
Trip interruption | Up to $6,000 for all insured persons combined. |
Flight delay | Up to $1,000 for necessary accommodations, restaurant expenses and sundries. |
Baggage delay | Up to $1,000 for essential clothing and sundry items. |
Lost or stolen baggage | Up to $1,000 of coverage per trip for all insured persons. |
Hotel burglary | Up to $1,000 of coverage for personal items (excluding cash). |
Rental car theft/damage | For up to 48 days. |
Extended warranty | Up to one additional year. |
Purchase protection | 90 days. |
Employee Card Misuse Protection | Up to $100,000 of coverage in the event of unauthorized charges due to employee card misuse. |
Methodology
BACK TO TOPFrequently asked questions
What is the annual income requirement of the Business Platinum Card® from American Express?
What is the annual income requirement of the Business Platinum Card® from American Express?
American Express doesn’t publicly disclose annual income requirements for its Business Platinum Card® from American Express. 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?
How many Amex Platinum cards are there?
American Express has three Platinum credit cards in its roster: The Platinum Card® from American Express (aka Amex Platinum), Business Platinum Card® from American Express (aka the Amex Business Platinum) and Amex Corporate Platinum.
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Shannon Terrell
Shannon Terrell