Business Platinum Card from American Express Review: Is It Worth It?
The 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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Points for virtually every $1 in purchases.
Smaller businesses might balk at the steep annual fee, but you get what you pay for with this top-tier business offering from Amex: comprehensive airport lounge access, up to $820 in annual statement credits and a bevy of exclusive airport perks. Best for: Businesses that travel often and don’t mind spending more for premium benefits.
Pros
- No pre-set spending limits.
- Complimentary access to numerous airport lounge programs, including the exclusive Centurion Lounge.
- A full suite of insurance.
Cons
- Hefty $799 annual fee.
- No accelerated rewards rates.
- 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 15 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 21.99% 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 29.99%. 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 1400 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. Terms and Conditions apply.
- 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 1,600 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.
Business Platinum Card® from American Express full review
The Business Platinum Card® from American Express is a premium rewards card built for small businesses. It earns 1.25 Membership Rewards points for every $1 spent on nearly all purchases, excluding fees, interest and cash equivalents.
This card is a strong fit for business owners who want flexible repayment, straightforward rewards, and a robust suite of travel and insurance benefits, plus flexibility in both spending power and payment structure.
If your business involves frequent travel or large monthly expenses, this card’s premium features — like lounge access, hotel upgrades, and comprehensive insurance — could offer significant value.
Benefits of the Business Platinum Card® from American Express
The Business Platinum Card® offers more than just points — it’s designed to support business owners with a combination of flexible spending, luxury travel perks, and helpful business tools.
As a charge card, it gives you the freedom to make large purchases with no pre-set spending limit and repay them with up to 55 interest-free days, depending on when your purchases are made. You can also divide your balance into ‘Due in Full’ and ‘Flexible Payment’ portions — the latter has a much lower interest rate (21.99%).
Travellers can tap into an extensive network of airport lounges, enjoy airport transfers, access discounts on airfare and car rentals, and unlock upgrades at premium hotels. If you're flying out of Toronto Pearson, you’ll benefit from exclusive perks like valet service and parking discounts.
Beyond travel, the card includes business management tools to help track expenses and manage your account more efficiently — plus access to special entertainment experiences and presale ticket opportunities with Amex Front of the Line®.
Drawbacks of the Business Platinum Card® from American Express
The Business Platinum Card® doesn’t offer bonus earn rates in specific spending categories, so it may take longer to accumulate points if your business spending is concentrated.
Although the insurance coverage is extensive, there are a few gaps — for example, emergency medical insurance doesn’t apply to cardholders over 65.
That charge card structure also comes with a caveat: if the due-in-full amount isn’t paid, it’s subject to a 30% APR. Timely payments are essential to avoid costly interest charges.
Finally, the card’s $799 annual fee is a major consideration. To justify the cost, your business should take full advantage of its travel perks, rewards, and repayment flexibility.
Is the Business Platinum Card® from American Express worth it?
Whether the Business Platinum Card® is worth it depends on how much your business spends — and how often you travel. With a $799 annual fee, you’ll want to be confident you’re getting enough value back through rewards, travel perks, and savings.
Beyond the welcome offer, the card provides value through airport lounge access, hotel benefits, car rental discounts, and strong insurance coverage. It’s best suited for businesses that travel frequently and can take full advantage of its extras.
If your business is more local or doesn’t involve much travel, a lower-fee business card may be a better fit.
American Express customer ratings
Above average in customer satisfaction: American Express ranks first out of 14 issuers in J.D. Power’s 2025 Canada Credit Card Satisfaction Study.
Poor Trustpilot rating: 1.4 out of 5 possible stars based on more than 4,800 customer reviews at the time of this writing.
Poor Better Business Bureau rating: 1.1 out of a possible 5 stars, according to more than 550 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.
Have a Canadian credit file.
Be 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
New Business Platinum® Cardmembers can earn up to 120,000 Membership Rewards® points — that’s up to $1,200 in statement credits, according to Amex:
Earn 80,000 points when you spend $15,000 in your first 3 months of cardmembership.
Earn 40,000 more points when you make a purchase between months 15 and 17 of cardmembership.
Earn 1.25 American Express Membership Rewards points for each $1 spent on eligible everyday purchases.
The 120,000-point welcome offer on the Business Platinum Card® from American Express could be worth up to $1,200 in statement credits, based on estimates from the American Express website.
But the value doesn’t stop there. This card comes with a suite of premium perks, including access to multiple airport lounge programs. Cardmembers get entry to the Priority Pass™ network — which typically costs US$99 to US$469 per year — as well as the exclusive American Express Centurion® Lounge network, accessible only to eligible cardholders.
The Business Platinum Card also includes discounts on airfare, airport parking, and car rentals — benefits that can add up to hundreds of dollars in savings for frequent travellers. Plus, it offers extensive travel and business insurance coverage, which could be worth thousands if you ever need to use it.
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.
Business Platinum Card® from American Express vs The Platinum Card® from American Express
Rewards breakdown
Rewards breakdownPoints for virtually every $1 in purchases.
NerdWallet's take
NerdWallet's takeSmaller businesses might balk at the steep annual fee, but you get what you pay for with this top-tier business offering from Amex: comprehensive airport lounge access, up to $820 in annual statement credits and a bevy of exclusive airport perks. Best for: Businesses that travel often and don’t mind spending more for premium benefits.
Pros
- No pre-set spending limits.
- Complimentary access to numerous airport lounge programs, including the exclusive Centurion Lounge.
- A full suite of insurance.
Cons
- Hefty $799 annual fee.
- No accelerated rewards rates.
Card details
Card details- 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 15 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 21.99% 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 29.99%. 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 1400 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. Terms and Conditions apply.
- 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 1,600 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.
Rewards breakdown
Rewards breakdownPoints on eligible dining and food delivery purchases in Canada.
Points on eligible travel purchases.
Points on all other purchases.
NerdWallet's take
NerdWallet's takeAs the name suggests, this card offers top-tier perks like free airport lounge access, an annual $200 travel credit and a full suite of insurances. However, it’s a charge card, so you must pay off the balance in full each month or face steep interest. And, for a premium travel card that costs $799 a year, the 2.5% foreign transaction fee is a bit of a letdown. Best for: High-end jetsetters who spend big on travel and don’t carry a balance.
Pros
- Annual credits totalling $640.
- Comprehensive and unlimited airport lounge access.
- No pre-set spending limit.
Cons
- Very steep $799 annual fee.
- 2.5% foreign transaction fee.
- Must pay off balance each month.
Card details
Card details- Unlock special experiences with the Platinum Card®.
- Earn up to 100,000 Membership Rewards® points - that’s up to $1,000 towards a weekend away
- New Platinum® Cardmembers, earn 70,000 Welcome Bonus points after you charge $10,000 in net purchases to your Card in your first 3 months of Cardmembership
- Plus, earn 30,000 points when you make a purchase between 15 and 17 months of Cardmembership
- Earn 2 points for every $1 in Card purchases on eligible dining and food delivery in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases.
- Access a $200 Annual Travel Credit through American Express Travel Online or Platinum® Card Travel Service.
- Enjoy a $200 Annual Dining Credit at some of Canada’s best restaurants.
- Unlock $200 or more in additional value with Member extras. You can earn statement credits for qualifying purchases with participating brands.
- Take full advantage of The American Express Global Lounge Collection™ which unlocks access to over 1,400 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. Terms and Conditions apply.
- Enjoy flexible ways to use your points such as statement credits for any eligible purchase charged to your Card, new travel purchases booked on American Express Travel Online through the Flexible Points Travel Program, and eligible flights through the Fixed Points Travel Program.
- Transfer points 1:1 to several frequent flyer and other loyalty programs.
- Enjoy complimentary benefits that offer an average value of $550 USD at over 1,600 extraordinary properties worldwide when you book Fine Hotels + Resorts
- Platinum Cardmembers can enjoy access to special events and unique opportunities.
- Enjoy premium benefits at the Toronto Pearson Airport.
- You will also have access to many leading hotel and car rental companies’ loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts, Hertz and Avis.
- Interest applies in accordance with your Cardmember Agreement, Information Box, and Disclosure statement if the total New Balance is not paid by the Payment Due Date each month. All payments must be received by the Payment Due Date shown on the monthly statement.
- 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.
Reasons 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
Methodology
BACK TO TOPFrequently asked questions
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?
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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