Business Platinum Card from American Express: Is It Worth the Fee?

While the Business Platinum Card from American Express comes with a hefty fee, it could be worth it for frequent travelers.
Last updated Jul 1, 2021 | By Miranda Marquit

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American Express is known for offering premium credit cards at a cost, but for some users, the perks make up for the price.

The Business Platinum Card® from American Express is no exception. This small business card comes with a hefty fee, but for frequent travelers, it might be worth the expense. This American Express Business Platinum review will help you decide if this business card is right for you.

Premium Business Rewards


  • Earn 100,000 points after spending $15,000 in the first 3 months
  • 5X points on qualifying flight and hotel purchases
  • 1.5X points on eligible purchases of $5,000 or more
  • Up to $200 statement credit per year for airline incidental fees
  • $595 annual fee. Terms apply.
  • See rates and fees


  • High annual fee
  • Requires good to excellent credit

In this article

Who should get the Business Platinum Card from American Express?

As you’ll see in this Business Platinum Card from American Express review, this card is aimed mainly at business owners who make big purchases throughout the year — and can take advantage of the travel perks. Some of the travel perks include  Gold Elite status with Marriott Bonvoy and Gold Status with Hilton Honors, premium airport lounge access, airline fee redemption, and more. Select benefits require enrollment.

If you don't have a lot of business expenses yet still want the Amex Platinum travel perks, you may want to consider the The Platinum Card® from American Express card as well. Understanding how the Amex Platinum vs. Amex Business Platinum cards compare with each other can help you make the best decision for your particular needs.

The Business Platinum Card from American Express is designed for those with good to excellent credit and is meant for business owners likely to use the card to pay for business travel and other expenses. If you don’t travel very much, the travel perks won’t matter as much, and the hefty annual fee won’t be worth the cost. If that sounds like you, consider getting a less expensive cash back card.

Card basics

Card type Business
Card issuer American Express
Annual fee $595 (See rates and fees) Terms apply.
Welcome bonus Earn 100,000 Membership Rewards points after you spend $15,000 on purchases within the first 3 months of account opening
Reward rate 5X points on flights and prepaid hotels on, 1.5X points on eligible purchases of $5,000 or more, and 1X points per $1 spent on other purchases
Recommended credit score Excellent, Good
Foreign transaction fee None (See rates and fees)

Amex Business Platinum benefits and perks

There are a few card benefits that can make the Business Platinum Card from American Express worth the cost. Carefully consider whether you’d use them, though, before you commit to the card.

  • Generous welcome offer: Earn 100,000 Membership Rewards points after you spend $15,000 on purchases within the first 3 months of card membership.
  • Centurion Lounge access: Centurion Lounges are among the nicest airport lounges in the U.S., so this is one of the perks most valued by many premium American Express cardholders. This benefit also comes with access to the American Express Global Lounge Collection and lounge access to Delta Sky Club and Priority Pass Select. You must activate these benefits before you can use them.
  • Credit for Global Entry or TSA Precheck: After you apply for Global Entry or TSA PreCheck and pay the fee using your Business Platinum Card from American Express, you’ll receive a statement credit to cover the cost. You’ll regularly receive these credits when you renew — and the statement credit is available to those who have Additional Cards on your account. This benefit also requires activation.
  • CLEAR® membership credit: In addition to its Global Entry or TSA PreCheck credit, cardholders can also get a $179 annual credit for an eligible CLEAR® membership. To access this credit, you need to use your Business Platinum Card to pay for CLEAR. Activation is required for this benefit.
  • Trip cancellation and interruption insurance: If your flight is canceled because of sudden illness, inclement weather, jury duty, or even terrorist activities, you’ll now be entitled to up to $10,000 of reimbursement.
  • Trip delay insurance: If your flight is delayed more than 6 hours, you can also be reimbursed for up to $500 in unexpected expenses per trip.
  • Cell phone protection: Receive up to $800 per claim for stolen or damaged cell phones when you pay your cell phone bill in full with this card.  You can have up to two claims per card account per 12-month period. A $50 deductible per claim may apply.
  • Exclusive perks at Fine Hotels & Resorts: Business Platinum cardholders get special perks at properties in the Fine Hotels & Resorts portfolio. Perks may include early check-in, late check-out, room upgrades, and free Wi-Fi.
  • Pay Over Time: Cardmembers who choose to activate this option will be rewarded with some payment flexibility, allowing you to choose how and when to pay. That said, the balance that carries over will be subject to the card's regular APR. 

Drawbacks to the Amex Business Platinum

While this card offers some fantastic travel benefits, it does have some drawbacks, including a high annual fee. Carefully consider if this card is worth it for you before you apply.

  • Annual fee: This card has a high annual fee of $595. While this can be offset by its numerous perks, you need to make sure the benefits outweigh that cost for you. 
  • Priority Pass restaurant credit: While you do get Priority Pass lounge access with this card, you will no longer get a credit for Priority Pass restaurants. Unfortunately, Amex did away with this perk in 2019. 
  • High spend for welcome bonus: If you want to earn the 100,000 bonus points, you'll need to spend $15,000 in the first 3 months.

Earning & redeeming Membership Rewards points

No card review is complete without taking a look at earning and redeeming your rewards. The rewards program with this card is a little complex, so it’s important to understand some of the ins and outs if you want the best possible value.

Potential earnings in year one

Here's a look at how your points can add up with the Amex Business Platinum Card. To calculate this value, we used a point valuation of $0.01.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $976

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the welcome bonus, and the annual fee.

In addition to the earnings above, Amex Business Platinum cardholders also receive a $200 annual airline credit, up to $179 back for an eligible CLEAR® membership, up to $200 in annual credits for Dell Technologies purchases, $20 monthly statement credits for U.S. wireless services, and $20 monthly credits for U.S. shipping costs. When you consider annual credits, you'll get up to $2,035 in value during your first year as a cardmember. If you take advantage of the complimentary airport lounge access, that value also increases considerably. Select benefits require enrollment.

Best ways to earn

With the Amex Business Platinum, it’s all about the specific travel purchases. You’ll earn 5X Membership Rewards points for each dollar spent on flights and prepaid hotels on You must book through the American Express travel portal to earn those points on airfare and hotel stays.

All other spending nets you one point per dollar. However, on eligible purchases of $5,000 or more, you receive 1.5X points, up to one million extra points per year. You can also get 35% of your points back when you use them to book flights.

Flights and prepaid hotels on 5X
Eligible purchases of $5,000 or more 1.5X
Use points to book flights 35% points return
All other purchases 1X

Maximizing your redemptions

Because of the 35% point return when you use points to book flights, this is the best way to get the most out of your rewards redemptions.

However, Membership Rewards points are also flexible in their redemption with partners. These flexible rewards make it easy to earn points through your spending and then use them for what works best for you.

You can use Membership Rewards points to redeem gift cards and make purchases, but the redemption value isn’t as high. Using your rewards for travel makes the most sense and will give you the best bank for your buck.

Amex Business Platinum transfer partners

If you enjoy the flexibility of booking through another rewards program, Amex Membership Rewards has several hotel and airline transfer partners, including partners across the Star Alliance, Oneworld, and SkyTeam programs. Most partners will allow you to transfer your Membership Rewards points at a 1:1 ratio, with some exceptions. Here's a complete list of current partners.

  • AeroMexico
  • Air Canada
  • Alitalia
  • Aer Lingus
  • Air France
  • All Nippon Airways
  • Avianca LifeMiles
  • British Airways
  • Delta Air Lines
  • EL AL Israel Airlines
  • Emirates
  • Etihad Airways
  • Hawaiian Airlines
  • Iberia Plus
  • JetBlue Airways
  • Singapore Airlines
  • Qantas Airlines
  • Virgin Atlantic Airways
  • Choice Hotels

  • Hilton Honors
  • Marriott Bonvoy

Amex Business Platinum FAQs

How do you qualify for the American Express Business Platinum Card?

In general, you'll likely need to have good to excellent credit to qualify for the Business Platinum Card from American Express. Numbers wise, you’re likely to have better approval odds if you have a FICO score of at least 700.

Is the American Express Business Platinum Card worth it?

Whether this card is worth it to you depends on your situation. For small business owners who have a lot of expenses and who travel a lot, the hefty annual fee can be worth it. There are a lot of travel-related perks that can easily make up for the fee as well, especially if you do a lot of business travel and book through

However, if you don’t travel much or make many business-related purchases, this card might not be the best choice for you.

Is the Amex Business Platinum Card metal?

Yes, the Business Platinum Card from American Express is a metal card.

What is the credit limit on the Amex Business Platinum Card?

If you're approved for the Amex Business Platinum Card, the credit limit you receive will likely vary based on a variety of factors, including your creditworthiness and business financials. This is up to Amex's discretion.

Other cards to consider

While the Business Platinum Card from American Express is jam-packed with benefits, you may want to compare it to the Ink Business Preferred Credit Card or Capital One Spark Cash for Business Card before finalizing your decision. Both offer valuable rewards for business owners with a lower annual fee.

If you prefer a travel rewards card, the Chase Ink Business Preferred is a decent option. You can earn 5X points on Lyft rides; 3X points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines; and 1X points per $1 on everything else. Plus, it's annual fee is just $95. By comparing the Chase Ink Preferred vs. Amex Platinum Business cards directly, you can determine which is the best fit for you and your business.

If your goal is to earn cash back for your business, the Capital One Spark Cash for Business Card may be a better option. It offers 2% cash back on every purchase, every day and a $95 (waived first year).

Premium Business Rewards

Special Offer

Earn 100,000 Membership Rewards points after you spend $15,000 on purchases within the first 3 months

See rates and fees

See how these cards compare:

Capital One Spark Cash for Business
Capital One Spark Cash for Business
  • $500 cash welcome bonus
  • 2% unlimited cash back
  • Free employee cards
  • No foreign transaction fee
Chase Ink Business Preferred Credit Card
Chase Ink Business Preferred Credit Card
  • 100,000 point sign-up bonus
  • 3X points on travel and common business spending categories
  • Flexible redemption options
  • Additional employee cards at no extra cost

Author Details

Miranda Marquit Miranda Marquit has been covering money for more than a decade and is a nationally-recognized financial expert and journalist, appearing on CNBC, NPR, Forbes, Yahoo! Finance, FOX Business, and numerous other outlets.