The Business Platinum Card® from American Express - 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.

Overview of The Business Platinum Card® from American Express

The Business Platinum Card® from American Express is a premium credit card designed for business owners who travel frequently and seek exclusive benefits. With an annual fee of $695, this card offers a range of rewards and perks that can significantly enhance the travel experience and provide valuable savings. From generous welcome offers to extensive lounge access, the Business Platinum Card® is tailored for those who prioritize comfort and rewards in their business expenditures.

Pros

One of the standout features of the Business Platinum Card® is its lucrative welcome offer. Cardholders can earn 150,000 Membership Rewards® points after spending $20,000 on eligible purchases within the first three months of membership. This significant bonus can greatly benefit frequent travelers looking to maximize their rewards.

The American Express Global Lounge Collection® is another major advantage, providing complimentary access to over 1,400 airport lounges worldwide. This access is unmatched by other credit card issuers, ensuring that travelers can enjoy a comfortable environment while waiting for flights.

In addition to lounge access, the card offers the potential to unlock over $1,000 in statement credits on select purchases during the first year. These credits cover various costs, including technology and recruiting expenses, making it easier for business owners to manage their budgets effectively.

The Business Platinum Card® also includes a $200 Airline Fee Credit, allowing cardholders to select one qualifying airline to receive reimbursements for baggage fees and other incidental costs. This benefit adds to the overall value of the card for those who frequently travel by air.

For Hilton For Business members, the card provides an additional $200 back per calendar year for eligible purchases made at Hilton properties, enhancing the card's appeal to those who prefer staying at these hotels.

Moreover, cardholders can earn 5X Membership Rewards Points® on flights and prepaid hotels booked through AmexTravel.com, and 1.5X points on eligible purchases at various U.S. suppliers, making it a great option for businesses that frequently invest in these areas.

Cons

Despite its numerous benefits, the Business Platinum Card® does come with a hefty annual fee of $695, which may not be justifiable for all business owners, particularly those who travel infrequently or do not utilize the card's premium perks.

Moreover, while the card offers various rewards on specific categories, the earning rate of 1X points on other eligible purchases may be considered less competitive compared to some other business credit cards that offer higher multipliers across a wider range of categories.

Additionally, the requirement of spending $20,000 within the first three months to earn the welcome bonus may be a challenge for some businesses, particularly smaller ones or those with lower monthly expenses. This could limit the card's accessibility for potential users.

Why We Like This Card

• Generous welcome offer that can significantly boost rewards points.
• Unmatched access to airport lounges globally, enhancing travel comfort.
• Ability to unlock substantial statement credits on select purchases in the first year.
• Yearly airline fee credit helps offset travel-related expenses.
• Additional benefits for Hilton For Business members, increasing value for hotel stays.
• High earning potential on travel-related purchases, making it ideal for frequent travelers.

Overall, the Business Platinum Card® from American Express is a powerful tool for business owners who prioritize travel rewards and exclusive benefits. While the annual fee may seem steep, the potential for substantial rewards and credits can make it a worthwhile investment for those who frequently travel for business purposes.