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Overview of the Business Platinum Card from American Express
The Business Platinum Card® from American Express stands out as one of the premier business rewards cards available, featuring a generous welcome bonus and a variety of valuable perks. While maximizing these benefits does require effort, the potential savings can amount to hundreds or even thousands of dollars annually.
Our card rating*: ⭐⭐⭐⭐
* This card rating reflects Flying Frugal’s editorial perspective and is unaffected by the card issuer.
With premium cards becoming highly sought after, many individuals are willing to pay annual fees exceeding $400.
The Business Platinum Card from American Express represents Amex’s flagship offering for businesses. Recently updated, the card now boasts new statement credits, enhanced benefits, and improved bonus earning rates. Additionally, for those who appreciate unique card designs, there’s an eye-catching mirror design that rivals the Centurion Card from American Express.
The details for the Centurion Card from American Express have been independently gathered by The Points Guy. Information on this page has not been verified by the card issuer.
However, the card has seen a significant annual fee increase of 29%, now set at $895 (see rates and fees). Existing card members will notice this change effective December 2, 2025.
Although the increased annual fee may seem steep, the comprehensive statement credits and benefits can help offset this cost.
This card, however, may not be ideal for every small business—particularly those that don’t travel frequently or have primary spending patterns outside the card’s bonus categories.
We advise that applicants have a good to excellent credit score to enhance their approval odds.
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Let’s examine the card details to determine if it suits your business needs.
Related: Learn how to get a business credit card
Pros and Cons of Amex Business Platinum
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** Enrollment is required for select benefits.
Welcome Offer for Amex Business Platinum
Currently, new applicants for the Amex Business Platinum can earn 200,000 bonus points after spending $20,000 in the first three months of membership.
As of September 2025, Flying Frugal values Membership Rewards points at 2 cents each. Thus, meeting this offer’s spending requirement can yield approximately $4,000 in value.
This is the highest welcome offer we’ve seen for this card, making it a prime time to apply if you’ve been considering it.
Note that Amex has application restrictions, including a once-in-a-lifetime rule. If you’ve held this card before, you may not qualify for the welcome offer.
While $20,000 in three months may be achievable for cash-rich businesses, smaller enterprises might consider prepaying expenses in their first three months to meet the requirement.
A few years prior, I met the threshold by making tax payments and handling home improvement expenses for family, with reimbursements later.
If this spending requirement is too high for your business, a different card with a lower threshold and targeted earning categories may be more suitable.
Benefits of Amex Business Platinum
The Amex Business Platinum offers a range of statement credits amounting to over $3,500 annually—substantially offsetting the high annual fee.
Statement Credits
| Statement Credit | Annual Amount | How It Works |
|---|---|---|
| Hotel | Up to $600 per year | A credit of up to $300 every six months for prepaid Fine Hotels + Resorts and The Hotel Collection bookings through Amex Travel (minimum two-night stay required) |
| Dell | Up to $150 per year, plus up to $1,000 in credits upon meeting spending criteria | Up to $150 in statement credits for U.S. purchases at Dell, plus an extra $1,000 after spending $5,000 or more yearly |
| Indeed | Up to $360 per year | Up to $90 credits each quarter |
| Adobe | $250 per year | ${250 credit after $600 spend on Adobe purchases (auto-renewal applies) |
| Hilton | Up to $200 per year | Up to $50 quarterly on eligible purchases from Hilton properties (membership is required) |
| Wireless Services | Up to $120 per year | Credits for U.S. wireless provider purchases (up to $10 monthly) |
| Clear Plus | Up to $209 per year | Credit toward an annual Clear Plus membership for expedited airport security (subject to auto-renewal) |
| Airline Fees | Up to $200 per year | Annual credit for selected airline charges |
| Global Entry or TSA PreCheck | Up to $120 | Statement credit for Global Entry every four years or TSA PreCheck every 4.5 years |
| Amex Travel Flights and One AP | Up to $1,200 in flight credits and up to $2,400 in One AP credits | $1,200 for Amex Travel flight credits and $2,400 for One AP after spending $250,000 on eligible purchases |
Lounge Access
Apart from its extensive statement credits, the Amex Business Platinum also excels in travel amenities.
This card grants access to the Amex Centurion Lounges and the worldwide American Express Global Lounge Collection, which includes more than 1,700 lounges globally. This collection features Delta Sky Clubs (requires an eligible same-day flight), Priority Pass locations (enrollment needed), Escape lounges, and Lufthansa lounges (with same-day flights on Lufthansa).
It’s crucial to mention that you’re limited to 10 visits to Delta Sky Clubs per year unless you spend $75,000 within a calendar year to unlock unlimited access.
Hotel and Car Rental Status
This card also offers complimentary Gold status with both Hilton Honors and Marriott Bonvoy, enhancing your earnings and perks during stays.
Additionally, you can enroll in Leaders Club Sterling status with The Leading Hotels of the World, affording benefits like upgrades and point earnings.
Card members enjoy complimentary elite car rental status with several services, including Avis Preferred, Hertz Gold Plus Rewards, and National Emerald Club (enrollment might be needed).
Shopping Protections
The Amex Business Platinum is ideal for business purchases, offering extended warranty protection that adds an extra year to eligible U.S. manufacturer warranties of five years or less, saving business owners both time and money.
Moreover, its purchase protection covers accidental damage or theft for up to 90 days after purchase (up to $10,000 per covered purchase and $50,000 per account per year)—an excellent option for purchasing high-value items.
Other Noteworthy Benefits
Key perks include:
My Thoughts on These Benefits
This refresh only introduced a $600 hotel credit (up to $300 semiannually for prepaid bookings through Amex Travel) which matches benefits found on The Platinum Card® from American Express (minimum two-night stay required).
The flight and Amex One AP credits are beneficial if you meet the spending threshold, but they may not convince most users to keep the card.
Utilizing the credits has been challenging, and I would have preferred more flexible options. The Leaders Club Sterling status is a welcome addition, but its use may be limited since I often don’t stay at independent hotels. In my view, these enhancements do not justify the $200 increase in the annual fee.
‡ Eligibility and benefit levels vary by card. Terms, conditions, and limitations apply. Please visit americanexpress.com/benefitsguide for further details. Underwritten by AMEX Assurance Company.
§ Eligibility and benefit levels vary by card. Terms, conditions, and limitations apply. Please visit americanexpress.com/benefitsguide for further details. Underwritten by New Hampshire Insurance Company, an AIG Company.
Related: Is the Amex Business Platinum worth its annual fee?
Earning Points with the Amex Business Platinum
Cardholders of the Amex Business Platinum Card will earn:
- 5 points per dollar on airfare and prepaid hotel bookings through American Express Travel (valued at a 10% return based on Flying Frugal’s estimates)
- 2 points per dollar on up to $2 million in eligible U.S. purchases per year in specific categories, including cloud service providers, construction materials, electronic goods retailers, shipping providers, and software^ (valued at a 4% return)
- 1 point per dollar on all other purchases (valued at a 2% return)
^ Previously, cardholders earned 1.5 points per dollar spent.
As a cardholder, I’m disappointed that the earning rates on flights and hotels haven’t expanded. Only 5 points per dollar for those bookings through Amex Travel is somewhat limiting.
I’d prefer flexibility in how I book, especially with cards like the Chase Sapphire Reserve for Business℠ (see rates and fees) providing elevated earnings on direct bookings.
Given the earning rates, justifying the card’s retention year after year can be challenging—even with all the valuable statement credits, as its primary use is for discounts and lounge access.
Related: Amex Business Platinum vs. Chase Sapphire Reserve for Business: Which premium business card reigns supreme?
Redeeming Points with the Amex Business Platinum
For maximum value, we recommend transferring your Membership Rewards points to Amex’s hotel and airline partners.
You can also redeem for merchant gift cards or to cover charges, but these options significantly diminish your rewards to 1 cent or less per point, making them less ideal.
The easiest way to redeem points while still getting good value is through Amex Travel’s Pay with Points feature. As mentioned, owning the card grants a 35% bonus when using points on any cabin flight with your designated airline.
This effectively elevates your redemption value from 1 cent to 1.54 cents per point.
However, be aware that the 35% bonus caps at 1 million points returned per calendar year, and you need to have the requisite points in your account when booking. Any points you earn back through this benefit will post within two billing cycles.
Transferring Points with the Amex Business Platinum
You can achieve even greater value by transferring your Membership Rewards points to one of Amex’s 20 hotel or airline partners. Most transfers are at a 1:1 ratio and are processed instantly.
This option may require some research, but with a little effort, you can significantly enhance the value of your points above our estimates.
Keep an eye out for Amex’s periodic transfer bonuses, which can increase the value of your points even further.
Personally, I regularly find exceptional value by transferring points to Air Canada Aeroplan for booking lie-flat seats on Star Alliance partners, like United Polaris business-class flights to Europe. I also enjoy transferring points to Air France-KLM Flying Blue during their frequent award promo sales.
Related: Best ways to utilize Amex Membership Rewards points, from business-class trips to budget hotel stays
Competitors of the Amex Business Platinum
If you think your business might not fully benefit from the Business Platinum, consider these alternatives:
- For a lower annual fee and better earning rates: The American Express® Business Gold Card offers similar redemption options at a lower annual fee of $375 (see rates and fees). It adjusts to your top two spending categories each billing cycle, making it an excellent choice for a variety of business expenses. Check out our full Amex Business Gold review for more information.
- If you prefer non-business-specific benefits: The Amex Platinum Card is the personal version of this card, allowing you to earn valuable Membership Rewards points and access extensive statement credits. For more details, refer to our full Amex Platinum review.
- If you’re interested in earning Chase Ultimate Rewards points: The Chase Sapphire Reserve for Business has a slightly lower annual fee of $795, offering a flexible $300 annual travel credit. It’s a solid choice for significant spending on advertising and direct bookings for flights and hotels. For a comprehensive overview, check out our Chase Sapphire Reserve for Business review.
For additional options, view our complete list of the best business credit cards.
Read more: Amex Business Gold vs. Amex Business Platinum: A comparison of premium small-business cards from American Express
Final Thoughts
Despite a recent update that raised the annual fee, the Amex Business Platinum Card remains an outstanding option for business travelers who spend heavily in its bonus categories and with featured merchants.
While it may not appeal to all business owners, its travel benefits are unparalleled for the right cardholder.
Apply here: The Business Platinum Card from American Express
For rates and fees related to the Amex Business Platinum, click here.
For rates and fees concerning the Amex Business Gold, click here.
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