NerdWallet Home Page

Business Platinum Card from American Express Review 2025: Is It Worth It?

Jun 12, 2025
The Business Platinum Card from American Express is loaded with travel perks and earns 1.25 reward points per eligible $1 spent.
Profile photo of Shannon Terrell
Written by Shannon Terrell
Lead Writer & Spokesperson
Profile photo of Athena Cocoves
Edited by Athena Cocoves
Managing Editor
Profile photo of Shannon Terrell
Written by Shannon Terrell
Lead Writer & Spokesperson
+ 1 more
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

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.

Annual fee$799
Interest ratesVaries
APPLY NOW
on American Express' website

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.

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.

  • 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.

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

  • 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.

  • 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 200,000 Membership Rewards® points — that’s up to $2,000 in statement credits you can reinvest in your business:

  • Earn 110,000 points when you spend $15,000 in your first 3 months of Cardmembership.

  • Earn an additional 60,000 points when you spend a total of $90,000 in your first 12 months.

  • Plus, earn 30,000 more points when you make a purchase between months 15 and 17 of Cardmembership.

Offer ends August 18, 2025.

  • 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

  1. Click the “Apply Now” button from the Business Platinum Card® from American Express 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.

Business Platinum Card® from American Express vs The Platinum Card® from American Express

Annual fee$799
Interest rates
Varies
Intro offer
Up to 200,000 Points
Recommended credit score560-900
APPLY NOW
on American Express' website

Annual fee$799
Interest rates
Varies
Intro offer
Up to 180,000 Points
Recommended credit scoreN/A
APPLY NOW
on American Express' website

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

Business Platinum Card® from American Express

Card type

Business credit card.

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

New Business Platinum® Cardmembers can earn up to 200,000 bonus Membership Rewards® points:

  • Earn 110,000 Membership Rewards® points after you spend $15,000 on your Card in your first 3 months of Cardmembership.

  • Earn an additional 60,000 points after you spend a total of $90,000 on your Card in your first 12 months of Cardmembership.

  • Plus, earn 30,000 points when you make a purchase between 15 and 17 months of Cardmembership.

Offer ends August 18, 2025.

Reward earn rates

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

Other perks

  • No 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.

  • Amex 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 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 TOP

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


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.

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.