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 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.
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 carried portions, which adds flexibility to your cash flow.
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.
Who should get the Business Platinum Card® from American Express?
The Business Platinum Card® is a strong fit for business owners who want flexible repayment, straightforward rewards, and a robust suite of travel and insurance benefits. It earns 1.25 points per $1 spent and offers 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.
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
New Business Platinum® Cardmembers can earn up to 120,000 Membership Rewards® points — that’s up to $1,200 in statement credits you can reinvest in your business:
Earn 80,000 points when you spend $15,000 in your first 3 months of Cardmembership.
Plus, 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 $99 to $469 USD per year — as well as the exclusive American Express Centurion® Lounge network, accessible only to Platinum, Centurion, and Delta SkyMiles Reserve 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.
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 | 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. |
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 | Up to 120,000 points. |
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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