The Business Platinum Card® from American Express is easily one of the best business credit cards for travel enthusiasts on the market today. Although an annual fee of $695 applies, this card offers one of the best rewards rates on travel purchases, as well as a significant bonus worth up to $2,400 in travel from the start. departure.
There are many other reasons to get this card, including the fact that it allows you to earn flexible points in the American Express Membership Rewards program. With all the potential benefits the Amex Business Platinum Card offers, it’s no wonder so many business owners use it for their business expenses and bills.
Amex Business Platinum Card Details
Before diving into the main reasons why small business owners choose this card over other business cards, it is important to explain the main details of the card. Highlights of the Amex Business Platinum card are listed below:
- Awards: 5X Membership Rewards points on prepaid flights and hotels booked with AmexTravel.com; 2X points on prepaid rental cars booked through AmexTravel.com; 1.5X points (up to $2,000,000 per calendar year) on purchases of $5,000 or more and on purchases in certain categories; 1X points on all other purchases
- welcome bonus: 120,000 Membership Rewards points after spending $15,000 on qualifying purchases within the first three months of card membership
- Annual subscription: $695
- Introduction AVR: 0% introductory APR on purchases for 12 months from account opening date (on qualifying purchases with pay-over-time) (14.24% to 22.24% of variable APR per the following)
6 Reasons to Love the Amex Business Platinum Card
We interviewed several regular Amex Business Platinum Card users to find out why they chose this card and how they use it to maximize rewards on business spending. Here are the top reasons everyday business owners signed up for this card in the first place and how they use it throughout the year.
Excellent earn rate on travel purchases and purchases of $5,000 or more
Online entrepreneur Mike Nunez, owner of OliverWicks.com and other online businesses, says he tries to optimize his rewards based on the types of purchases he makes. To that end, he bundles his Amex Business Platinum card with a few other rewards credit cards for personal use.
However, he still uses his Amex Business Platinum card for travel purchases because he earns 5X points on prepaid flights and hotel purchases made through AmexTravel.com. This way, he earns 5,000 Amex Membership Rewards points for every $1,000 spent on qualifying travel purchases through the Amex portal.
Generally speaking, Nunez says he likes to buy his flights through the portal with cash in order to also earn airline miles and points towards elite status on purchases. In the meantime, Nunez is also looking at other ways to accrue more rewards on business spending, and especially on large purchases.
“I also like to put over $5,000 on this card for 1.5 times the points,” he says.
Flexible rewards program
Nunez says that when it comes to redeeming his rewards, he almost always uses his points to book one-way flights for various family members. However, he only does this after transferring his points to American Express’ airline partners, which include options like Air France/Flying Blue and Delta SkyMiles.
In addition to allowing you to redeem points for transfers to Amex partner airlines and hotels, the American Express Membership Rewards program offers other redemption options. For example, you can redeem points directly for travel purchases through the Amex Travel Portal, or you can redeem points for gift cards, merchandise, or online purchases.
Jacob Wade, who manages the website RoadmapMoney.com, says he has earned over 250,000 Amex points from several different cards he has, including the Amex Business Platinum. In the process, he learned to love flexible redemption options and used points for five round-trip tickets from Florida to Washington State in January, a hotel stay through the Amex portal, and 900 $ Home Depot gift cards for a backyard project. .
Statement credits that more than offset annual fees
The Amex Business Platinum also offers a ton of statement credits that more than offset the $695 annual fee, which you can start using after getting this card.
Specifically, cardholders are eligible for up to $400 in credits for Dell purchases, up to $360 in Indeed credits, up to $150 in credits for select Adobe purchases, up to $120 in credits for wireless phone service, up to $179 in credits for Clear membership, up to $100 in credits for Global Entry or TSA PreCheck application fees, and up to $200 in credits for incidental charges with a company air selected. These credits alone can be worth over $1,500.
Wade says he was able to easily take advantage of some of these credits, including the airline incidental credit, Adobe credit, and wireless phone service credit. He also plans to use the entire $400 Dell credit to upgrade some technology in his office later this year.
Generous travel benefits for cardholders
The Amex Business Platinum card also comes with a range of valuable travel benefits, including Priority Pass Select airport lounge membership, access to Amex Centurion and Delta Sky Clubs lounges when flying with Delta, Amex Fine Hotels + Resorts benefits and a 35% airline bonus.
Nunez says he tries to use every perk of travel to justify the annual fee for this card, but has particularly enjoyed Clear Airport membership, airline refunds for items such as Wi-Fi and snacks, access to Centurion lounges and Priority Pass Select membership. Note that the Priority Pass Membership with Unlimited Visits has a retail value of $429 on its own.
He also points out that his family loves the Amex Fine Hotels + Resorts collection and that the benefits they receive, such as early check-ins, late check-outs and credit for room service or a visit to the spa, are very valuable. However, the best perk is the 35% cashback on your airline of choice or any Business or First class ticket, he says.
“It makes flying much more comfortable for minimal cost difference than economy flying,” says Nunez.
It should also be noted that the Amex Business Platinum card comes with several travel insurance benefits for cardholders. Key coverages include trip cancellation and interruption insurance, trip delay insurance, secondary car rental coverage, and baggage insurance.
Amex allows you to combine earned points with other cards
silver trainer Sharita Humphrey of Houston, Texas, says his favorite strategy with his Amex Business Platinum card is to bundle it with other American Express credit cards to maximize rewards. Fortunately for cardholders, Amex makes it easy to earn Membership Rewards points with different card products. You can even consolidate all your points into one account.
Humphrey says she chose to link her employee cards to her Amex Business Platinum card and opted for the American Express® Gold card for her employees. This means they don’t get all the benefits they would get with a regular authorized user card, but it does have the benefit of earning Amex points on their company-related purchases (although they do earn lower rates than if they held standard business cards).
She also uses Amex Gold for personal expenses and bills, allowing her to accumulate rewards quickly. After all, the Amex Gold card offers 4X points at restaurants (including take-out and Uber Eats), 4X points at U.S. supermarkets (up to $25,000 a year in purchases, then 1X points), 3X points on flights booked directly with the airlines or through AmexTravel.com, 2X points on rental cars booked through AmexTravel.com and 1X points on all other purchases.
Introductory APR Offer
Finally, it’s worth mentioning that the Amex Business Platinum card currently offers an introductory APR of 0% on purchases. Specifically, this business credit card gives you a 0% APR for 12 months on eligible purchases with pay-as-you-go, followed by a variable APR of 14.24% to 22.24%.
For business owners who have major purchases coming up that they hope to pay off over time, this benefit can result in significant interest savings.
The bottom line
The Amex Business Platinum is quite expensive when you compare it to other business credit cards on the market, but the statement credit offers and premium travel benefits can be worth the cost. This is especially true right now as you can earn 120,000 Membership Rewards points after spending $15,000 on qualifying purchases within three months of account opening.
If you’re still not convinced, it makes sense to take a closer look at other Amex cards for business, including the American Express® Business Gold Card. You might even consider the Blue Business® Plus credit card from American Express, which allows you to earn Membership Rewards points at no annual fee.