Our Take
4.5
NerdWallet rating
The bottom line:
Lounge access, elite status and a slew of available travel and business credits make this card quite valuable — if you’ll use all of those perks. If not, the annual fee isn’t worth it. Especially with other travel cards offering elevated benefits that are easier to obtain (and justify).
The Business Platinum Card® from American Express
Annual fee
$695
Regular APR
18.49%-29.24% Variable APR
Intro APR
N/A
Apply now
on American Express' website
More details from American Express
- Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 10/2024.
- Unlock over $2,000 in statement credits with business and travel benefits annually* on the Business Platinum Card. Terms apply. Learn more. *After meeting qualifying spend thresholds
- New! Enroll and get up to $150 in statement credits on U.S purchases directly with Dell Technologies on the Business Platinum Card and an additional $1,000 statement credit after you spend $5,000 or more on that same Card per calendar year.
- New! Enroll and get a $250 statement credit after you spend $600 or more on U.S. purchases directly with Adobe per calendar year on the Business Platinum Card.
- Fly like a pro with a $200 Airline Fee Credit. Select one qualifying airline to receive up to $200 back per year on baggage fees and other incidentals.
- Make the Business Platinum Card® work even harder for you. Hilton For Business members get up to $200 back per calendar year when you make an eligible purchase at Hilton properties across the globe. Benefit enrollment required.
- 5X points on flights and prepaid hotels booked on AmexTravel.com
- 1.5X points (that’s an extra half point per dollar) on purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on each eligible purchase of $5,000 or more, up to $2 million of these purchases per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- 1X points on other eligible purchases
- Use the Business Platinum Card® and get up to $209 back per calendar year on your CLEAR® Plus Membership (subject to auto-renewal).
- $695 Annual Fee.
- Terms Apply.
View Rates & Fees
Pros & Cons
Pros
- Lounge membership
- Transfer partners
- Automatic elite status
- Annual statement credit for travel, business expenses
- New cardholder bonus offer
Cons
- High annual fee
- Low ongoing rewards rate
Full Review
Business travelers aiming for luxury perks tend to gravitate to
The Business Platinum Card® from American Express
— and it’s no surprise why. The card delivers creature comforts like exclusive lounge access and travel credits. Plus, there’s automatic elite status with select hotel and rental car chains that promise upgrades, discounts and other enhancements. Those elevated perks come with a lofty price tag, though. The Business Platinum Card’s
$695
annual fee (terms apply) is the highest of any card we rate. While you may be able to deduct that fee on your taxes, whether the cost is justified depends entirely on how many of the card’s benefits you’ll actually use. Not sure? The annual fee calculator below will do the math for you.Even if the benefits outweigh the fee for your business, it’s still worth considering other business travel cards that offer higher rewards for your spending. The Business Platinum Card earns a measly 1 point per $1 on most spending. Yes, you get a higher rate for prepaid hotels and flights booked via AmEx. But many less expensive business cards match or beat that.
This card is best for:
✔️ Frequent travelers who value airport lounges.
✔️ Elite status with Hilton and Marriott.
✔️ Perks and statement credits.
Not a fit? Consider these business credit cards
NerdWallet rating 4.9/5.0 | NerdWallet rating 4.5/5.0 | NerdWallet rating 4.5/5.0 |
Annual fee $395 | Annual fee $0 intro for the first year, then $95 | Annual fee $695 |
Regular APR N/A | Regular APR 18.99%-25.99% Variable APR | Regular APR 18.49%-29.24% Variable APR |
Intro APR N/A | Intro APR N/A | Intro APR N/A |
Recommended credit score 720-850excellent | Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent |
at Capital One | at U.S. Bank | at American Express |
Want to earn more travel points on your business spending? Consider the
Capital One Venture X Business
. You’ll earn twice as many points for a fraction of the cost: Earn 2x miles on all purchases (no limits), plus 10x miles on hotels and rental cars, and 5x miles on flights booked through Capital One's travel booking site. The annual fee ($395
) is mostly offset by a $300 annual travel credit for bookings through Capital One's portal. Other perks include extensive airport lounge access and a big welcome offer: Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening.
(See rates and fees.)Want a lower-fee option? The
U.S. Bank Business Altitude® Connect Visa Signature® Card
is another worthy contender. The annual fee is low ($0 intro for the first year, then $95
) and the welcome offer is easy to get: Limited Time Offer: Earn 60,000 bonus points, worth $600 when redeemed for travel, if you spend $6,000 on the Account Owner's card in the first 180 days from account opening.
The Business Altitude Connect lacks any real luxury perks, but you do get four free Priority Pass lounge visits per year and a monthly statement credit for taxi/rideshare trips. It also has high rewards rate:
Earn 5X points on prepaid hotels and car rentals booked directly in the Rewards Center when using your card. Earn 4X points on travel, gas and EV charging stations* on the first $150,000 in combined annual spend (*excludes discount stores/supercenters and wholesale clubs). Earn 2X points on dining, takeout, restaurant delivery and cell service providers. Earn 1X points on all other eligible spend.
At a glance: The Business Platinum Card® from American Express
To view rates and fees of
The Business Platinum Card® from American Express
, see this page.💳 Card type: Business travel card.
💲 Annual fee: $
695
.💰 Welcome offer:
Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
🎉 Rewards:
Earn 5X Membership Rewards® points for flights and prepaid hotels booked on AmexTravel.com. Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus. 1X points on other eligible purchases. Terms Apply.
📈 APR: Purchases made with
The Business Platinum Card® from American Express
are classified as either "Pay Over Time" or "Pay In Full":- Pay Over Time: This is an optional feature that allows you to carry a balance from one month to the next, just like purchases on a regular credit card. If you have this option activated, purchases of $100 or more are automatically classified as Pay Over Time.The ongoing APR is 18.49%-29.24% Variable APR.The Business Platinum Card® from American Expressdoes not have a preset spending limit, meaning your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history. The card does, however, impose a limit on your Pay Over Time balance; any purchases above that limit become Pay In Full. Terms apply.
- Pay In Full: These purchases must be paid off completely each month, so they do not incur interest. All purchases of less than $100 are Pay In Full, as are any purchases over your Pay Over Time balance limit. If you choose not to use Pay Over Time, then all purchases are Pay In Full. Terms apply.
📍 Minimum credit limit: Not disclosed.
💷 Foreign transaction fee:
0
%.🎆 Other benefits:
- Airline fee credit. Up to $200 a year in credit for incidental fees on one airline, such as checked bag fees or in-flight refreshments or entertainment, but not airfare or seat upgrades. Each year, you select an airline to use this credit with. Enrollment required.
- CLEAR Plus credit: Receive a statement credit of up to $209 annually toward the cost of a CLEAR Plus membership when you pay for it with your Business Platinum Card.
- Trusted traveler program application fee credit. When applying for the Global Entry or TSA Precheck programs, you'll receive a credit of $120 or $85, respectively, for the application fee when it's charged to the card. Cardholders are eligible every 4.5 years for Precheck or every four years for Global Entry.
- Global Lounge Collection. Get access to more than 1,400 airport lounges worldwide, including the issuer's own Centurion Lounges, Delta Sky Clubs (when flying Delta) and Priority Pass lounges, among others.
- Hotel status. Automatically qualify for Gold status in the Marriott Bonvoy and Hilton Honors programs, and reap upgrades elsewhere.
- Airline redemption bonus. When you redeem points for eligible flights through American Express Travel, get back 35% of those points. Eligible flights include all fare classes on your selected qualifying airline or first- or business-class fares on any airline.
- Dell statement credit: Enroll and get up to $150 in statement credits on U.S. purchases directly with Dell Technologies and an additional $1,000 statement credit after you spend $5,000 or more on that same card per calendar year.
- Terms and conditions apply.
Membership Rewards points are worth about 0.5 cents to 1 cent each depending on how you redeem them. Travel and gift card redemptions are generally the most valuable. Points are also transferable and can be worth even more if redeemed strategically after being transferred to other loyalty programs.
Airlines
- Aer Lingus AerClub (1:1 ratio).
- AeroMexico Club Premier (1:1.6 ratio).
- Air Canada Aeroplan (1:1 ratio).
- Air France/KLM Flying Blue (1:1 ratio).
- ANA Mileage Club (1:1 ratio).
- Avianca LifeMiles (1:1 ratio).
- British Airways Executive Club (1:1 ratio).
- Cathay Pacific Asia Miles(1:1 ratio)
- Delta SkyMiles (1:1 ratio).
- Emirates Skywards (1:1 ratio).
- Etihad Guest (1:1 ratio).
- Hawaiian Airlines Hawaiian Miles (1:1 ratio).
- Iberia Plus (1:1 ratio).
- JetBlue TrueBlue (2.5:2 ratio).
- Qantas Airways Frequent Flyer(1:1 ratio).
- Singapore Airlines KrisFlyer (1:1 ratio).
- Virgin Atlantic Flying Club (1:1 ratio).
Hotels
- Choice Hotels (1:1 ratio).
- Hilton Hotels & Resorts (1:2 ratio).
- Marriott Hotels & Resorts (1:1 ratio).
For details on transfer ratios, see AmEx's website.
Beneftis and perks
Luxury perks and benefits
The value of most business travel credit cards lies in the points you earn for using them. But the value of
The Business Platinum Card® from American Express
is tightly tied to its benefits — almost like it’s a membership card that unlocks a wide range of perks to make your traveling life easier.Some benefits mitigate direct costs, like up to $200 a year in statement credit for incidental fees on an airline you choose, as well as a fee credit for CLEAR Plus and TSA Precheck or Global Entry. And many business owners can find something they need from Dell. The card provides up to $150 in statement credits on U.S. purchases made directly from Dell and an additional $1,000 statement credit after you spend $5,000 or more on the card per calendar year. Enrollment is required.
Other perks are harder to put a dollar figure on, but are clearly valuable — from automatic hotel elite status to concierge service.
Lounge access
A welcome perk for road warriors, airport lounges can be a refuge from the loud, teeming gate areas and come with free refreshments.
The Business Platinum Card® from American Express
offers access to several types, including the highly respected American Express Centurion Lounges and the more ubiquitous Delta Sky Clubs when flying Delta. In addition, you get access to International American Express Lounges, Priority Pass lounges, and lounges in the Plaza Premium, Airspace and Escapes networks, when enrolled in each.All told, that’s access to more than 1,400 lounges across 140 countries. AmEx claims that collection is the largest to be offered by a card, making
The Business Platinum Card® from American Express
tough to beat when it comes to business credit cards with airport lounge access.Potential for big bonus
The new-cardholder bonus offers an impressive haul of points — but earning the full bonus requires spending big bucks soon after receiving the card. Full details:
Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
The Business Platinum Card® from American Express
isn't designed for the low-spending entrepreneur. If you won't spend enough to earn the bonus but still want a travel-friendly business credit card, try a different option, such as the Ink Business Preferred® Credit Card
. This card delivers a massive welcome offer for a low annual fee: Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Drawbacks and alternatives
Low rewards rate for a premium card
The Business Platinum Card® from American Express
earns 1 point per $1 on most spending. You can get a better rewards rate (1.5
points per $1 spent) from the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
, which has no annual fee, but also no travel perks.These business travel cards also offer excellent reward rates:
- Ink Business Preferred® Credit Card: Earn 3 points per $1 on the first $150,000 spent in the following categories each year: travel, shipping, select advertising and internet, cable and phone services. You’ll get 1X points on all other purchases.
- U.S. Bank Business Altitude® Connect Visa Signature® Card:Earn 5X points on prepaid hotels and car rentals booked directly in the Rewards Center when using your card. Earn 4X points on travel, gas and EV charging stations* on the first $150,000 in combined annual spend (*excludes discount stores/supercenters and wholesale clubs). Earn 2X points on dining, takeout, restaurant delivery and cell service providers. Earn 1X points on all other eligible spend.
High annual fee
If you make full use of the perks offered by
The Business Platinum Card® from American Express
, the $695
annual fee is worth it. Notably, fully using the annual $200 airline fee credit mitigates the fee substantially. And it helps that the annual fee can be a deductible business expense if you use the card solely for business.But if like many people you're dead-set against paying that much, consider the less pricey
Capital One Venture X Business
. With an annual fee of $395
, it offers a bigger, more versatile $300 annual travel credit and access to more than 1,300 airport lounges. You'll also get the following rewards:
Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One's travel booking site, where you'll get the best prices on thousands of options. Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions.
(See rates and fees.) How we evaluated The Business Platinum Card® from American Express
NerdWallet's business credit card experts compared
The Business Platinum Card® from American Express
to other travel business cards, evaluating how the card's rewards, perks, fees and features stack up to its peers. We also surveyed AmEx, the card's issuer, gathering information about employee cards, spending controls, credit limits and how often cardholders are considered for a credit limit increase. This data, alongside feedback from business owners — solicited directly and gathered via online forums like Reddit — helped inform our review of the American Express Business Platinum
.To view rates and fees of
The Business Platinum Card® from American Express
, see this page.To view rates and fees of the
American Express® Business Gold Card
, see this page.View rates and fees of
Capital One Venture X Business
.Apply now
on American Express' website
Frequently Asked Questions
You’ll need at least good credit to qualify for
The Business Platinum Card® from American Express
.Generally speaking, “good credit” is defined as a score of at least 690. But a credit score alone isn’t enough to qualify for any credit card. Issuers take into account your income, existing debts and other information.
The annual fee is
$695
.Cardholders earn 5 Membership Rewards points per dollar spent on flights and prepaid hotels booked through amextravel.com; 1.5 points per dollar on certain business categories and eligible purchases of $5,000 or more (an extra half-point per dollar); and 1 point per dollar on all other eligible purchases. Terms apply.
The card comes with a broad array of benefits. Among the most valuable are access to more than 1,400 airport lounges worldwide, a $200 annual airline fee credit, an application fee credit for Global Entry ($120) or TSA Precheck ($85) programs; and elite status in the Marriott Bonvoy and Hilton Honors hotel loyalty programs.
The Amex Business Platinum is aimed at frequent travelers who want to go in style; Gold is a better choice for rewards in select bonus categories, like on gas, advertising or at restaurants. See NerdWallet’s comparison.
You don’t need a formal business structure, like an LLC, partnership or corporation to get a business credit card. Sole proprietorships count, too, including those who earn extra income freelancing, contracting or side hustling. Your personal credit factors into whether you will be approved.
The Business Platinum Card® from American Express
offers access to several types of lounges, including American Express Centurion Lounges and the more ubiquitous Delta Sky Clubs when flying Delta. In addition, you get access to International American Express Lounges, Priority Pass lounges, and lounges in the Plaza Premium, Airspace and Escapes networks, when enrolled in those programs. All told, that’s access to well over 1,400 lounges worldwide. Terms apply.It works like any other credit card for making business purchases. But to fully use its myriad of benefits and to optimize Membership Rewards points? Yes, there is a learning curve.
This card was originally introduced as a charge card, meaning your full balance was due every month. However, cardholders are now able to carry a balance on certain purchases using the American Express "Pay Over TIme" feature.
