Amex Platinum vs. Amex Business Platinum: Which Should You Choose?

Both the Amex Platinum and Amex Business Platinum are premium cards with great perks — here’s what you need to know to decide between the two.
Last updated Jul 1, 2021 | By Miranda Marquit
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A credit card with high-end perks can make a huge difference in your life — especially if you’re a frequent traveler. In many cases, it’s not just about the points you can earn but also about the extras you receive. Free airport lounge access? Airline credits? Other benefits? Even with a steep annual fee, it can be worth the cost if you get good use out of the perks.

Both The Platinum Card® from American Express and The Business Platinum Card® from American Express are rewards cards that offer plenty of extras when you’re an account holder. If you’re trying to decide between the two, here’s what you need to know about choosing the Amex Platinum vs. the Amex Business Platinum.

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Amex Platinum vs. Amex Business Platinum

While you can get some of the same great perks with both offers from American Express credit cards, there are some differences in the benefits you receive. As a result, it’s important to figure out which extras you’re more likely to use and then get the card that makes the most sense for you.


The Platinum Card® from American Express

Amex Platinum

The Business Platinum Card® from American Express

Amex Business Platinum

Annual fee $695 (See rates and fees) (Terms apply) $595 (See rates and fees) (Terms apply)
Welcome bonus Earn 100,000 Membership Rewards points after spending $6,000 in the first 6 months, plus 10x points on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. (up to $25,000 in combined purchases during your first 6 months) Earn 100,000 Membership Rewards points after you spend $15,000 on purchases within the first 3 months months of card membership
Earning rate 5X points per dollar spent on eligible airfare (on up to $500,000 per calendar year, after that 1X) and eligible hotel purchases, and 1X points per dollar on all other eligible purchases 5X points on flights and prepaid hotels on Amextravel.com, 1.5X points on eligible purchases of $5,000 or more, and 1X points per $1 spent on other purchases

50% more points on purchases of $5,000 or more, and 35% points back when you use points to buy flights
Redemption rate Generally 1 cent per point (through Amex Travel) Roughly 1.54 cents per point (through Amex Travel)
Credits
  • $200 Uber credit
  • $200 airline fee credit
  • $100 for Global Entry every four years
  • $179 CLEAR® membership credit
  • $85 TSA PreCheck every 4.5 years
  • $200 credit with The Hotel Collection or Fine Hotels & Resorts
  • $240 credit for select digital entertainment subscriptions
  • $300 credit for select Equinox fitness club memberships
  • $100 statement credit for Saks Fifth Avenue purchases
  • Enrollment required for select benefits
  • $200 airline fee credit
  • $100 for Global Entry every four years
  • $179 CLEAR® membership credit
  • $85 for TSA PreCheck every 4.5 years
  • $200 annual credit for Dell purchases
  • Enrollment required for select benefits
Airport lounge access
  • Centurion Lounge
  • International American Express
  • Delta Sky Club
  • Priority Pass
  • Enrollment required for select benefits
  • Centurion Lounge
  • International American Express
  • Delta Sky Club
  • Priority Pass
  • Enrollment required for select benefits
Hotel perks
  • Complimentary benefits through Fine Hotels & Resorts, including WiFi, room upgrades, daily breakfast, and late check-out
  • Marriott Bonvoy Gold Elite Status
  • Hilton Honors Gold Status
  • Enrollment required for select benefits
  • Complimentary benefits through Fine Hotels & Resorts, including WiFi, room upgrades, daily breakfast, and late check-out
  • Marriott Bonvoy Gold Elite Status
  • Hilton Honors Gold Status
  • Enrollment required for select benefits
Rental car perks Complimentary membership in premium car rental programs, along with discounts and upgrades Complimentary membership in premium car rental programs, along with discounts and upgrades
Foreign transaction fee None (See rates and fees) None (See rates and fees)
Authorized user fee $175 for additional Platinum cards $300 for employee cards
Learn How to Apply Learn How to Apply

5 key differences between the Amex Platinum and Amex Business Platinum

There are plenty of similarities between these cards. You’ll earn Membership Rewards with both, which can often be transferred on a 1:1 basis with a variety of Amex partner airlines and hotels. You’ll also have access to Fine Hotels & Resorts perks and will receive Gold Status in both the Marriott Bonvoy and Hilton Honors programs.

However, when considering the Amex Platinum vs. Amex Business Platinum, consider the key differences between the two cards. You’ll be able to figure out which is best for you based on how you can earn points, the available benefits, and the costs involved.

1. Credits

While each card comes with a credit for Global Entry or TSA PreCheck fees, there are some important differences in the other credits available.

With the Amex Platinum card, for example, you receive $15 in Uber cash each month (except December, when you receive an additional $20). If you know you’re going to use the rideshare app, this can make the Platinum card an attractive choice. On top of that, the Platinum card also offers you a $100 credit for shopping at Saks Fifth Avenue, divided up so that you receive $50 January through June and the other $50 during the second half of the year. 

Each year, Amex Platinum cardmembers also get an airline fee credit up to $200, a CLEAR® membership credit of $179, up to $200 in credits for qualifying hotel stays at properties in The Hotel Collection and Fine Hotels & Resorts portfolios, a $240 digital entertainment credit for eligible subscriptions from Peacock, Audible, SiriusXM, and The New York Times, and a $300 credit for select Equinox fitness club memberships.

With the Amex Business Platinum card, you can receive an annual airline fee credit of $200, which can be used to cover the cost of checked bags or incidental fees, a $179 credit for an eligible CLEAR® membership, plus another $200 annual credit for Dell computer purchases.

Don't forget that enrollment is required for select benefits with both Platinum cards.

2. Earning rates

Both of these cards offer cardholders the chance to earn 5X Membership Rewards points on flights and prepaid hotels on Amextravel.com. If you’re a frequent traveler, either of these cards will likely work well for you.

However, the American Express Business Platinum card has the added advantage of giving cardmembers 1.5X points per dollar spent on qualifying eligible purchases of $5,000 or more (up to 1 million additional points per year). So if you often need to make big purchases for your business, you could get extra points.

3. Welcome offer

With the Amex Platinum card, you could earn a generous welcome offer. Earn 100,000 Membership Rewards points after spending $6,000 in the first 6 months, plus 10x points on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. (up to $25,000 in combined purchases during your first 6 months). These bonus points can amount to a significant value in travel when you book through Amex Travel.

There is a big welcome bonus with the Amex Business Platinum card — but you have to spend bigger, too. Earn 100,000 Membership Rewards points after you spend $15,000 on purchases within the first 3 months of account opening. You may need to plan some major business purchases in order to meet the minimum spending for that bonus.

4. A 35% airline bonus

When you use the Amex Business Platinum card, you receive 35% of your points back (up to 500,000 points per calendar year) when you use points to book a flight through the American Express Travel website. If you do a lot of business travel, this points rebate can make a big difference.

5. Fees

Neither of these cards charge a foreign transaction fee, which can be useful when you go overseas.

However, there is a small difference when it comes to the annual fee (terms apply): The Amex Platinum charges $695 and the Amex Business Platinum charges $595.

There is also a difference in costs when you add authorized users. You can add an authorized user to your Amex Platinum card for $175. With the Amex Business Platinum card, though, you’ll pay $300 to add an employee Business Platinum card to your account. Be aware of the extra cost involved with the Business card.

FAQs

How do you qualify for the Amex Business Platinum?

The Amex Business Platinum is a business credit card, which means you need to have a business to qualify for it. Additionally, you likely need good or excellent credit to be approved. Good credit scores typically start above 660 while excellent credit scores are often above 780.

How are the Amex Platinum and Amex Business Platinum different?

The Amex Platinum is a consumer card while the Amex Business Platinum is a business card. This means you don’t need to have a small business to qualify for the Amex Platinum, but you need to have a business to qualify for the Business Platinum card.

And while both cards offer premium benefits, like complimentary airport lounge access and elite hotel status with Marriott Bonvoy and Hilton Honors, there are also some differences in benefits depending on the card you choose. For instance, the Amex Platinum provides up to $200 in annual Uber Cash, which is good for Uber rides and Uber Eats orders, while the Amex Business Platinum offers up to $200 in annual Dell Technologies credit. Select benefits do require enrollment.

What credit score do you need to get approved for the Amex Platinum?

The Amex Platinum likely requires a good or excellent credit score to be approved. This typically means having a credit score above 660 might give you a good chance of being approved, but having a credit score above 780 might be even better.

Is the Amex Business Platinum worth it?

The Amex Business Platinum may be worth it for business owners who can take advantage of the card’s premium perks and benefits. This includes up to $200 in annual Dell Technologies credit and up to $100 in statement credits for TSA PreCheck or Global Entry applications.

Also, this credit card offers automatic elite hotel status with Hilton Honors and Marriott Bonvoy, complimentary access to Global Lounge Collection lounges, and a 35% points reimbursement when using Membership Rewards points to pay for eligible fares.

Enrollment is required for select benefits.

Is the Amex Platinum worth it?

The American Express Platinum is one of the most prestigious travel cards on the market because of its premium travel benefits. This could make it worth it for frequent travelers who will use the free airport lounge access and elite hotel status with Hilton Honors and Marriott Bonvoy. Other contributing benefits include up to $200 in annual Uber Cash, up to $100 in annual Saks Fifth Avenue credits, purchase protection, cell phone protection, extended warranty coverage, and travel insurance. Enrollment is required for select benefits.


Which card is best for you?

The best travel credit card for you depends on how you plan to use it. If you have a lot of business costs, travel frequently for work, and can comfortably spend enough to earn the welcome bonus, the Amex Business Platinum could be the right move for you.

On the other hand, if you don’t have business expenses, the Amex Platinum would be the better choice. Even if you have a business, it might still make sense to stick with the regular Amex Platinum if you don’t think you’ll spend enough to get the big benefits.

Additionally, consider the perks and credits offered by the Amex Platinum vs. Amex Business Platinum. Which are you more likely to make use of?

Be honest about what perks you’re more likely to use and move forward with the card that makes the most sense. Either way, it’s a good idea to only spend what you can pay off in a month. Carrying a balance on these rewards cards could cost you big time.

Best Luxury Travel Benefits

Intro Offer

100,000 Membership Rewards points

Annual Fee

$695

Rewards Rate

up to 5X points

Benefits and Drawbacks

Benefits

  • Earn 100,000 Membership Rewards points after spending $6,000 in the first 6 months
  • 10X points at restaurants worldwide and when you Shop Small in the U.S. (up to $25,000 in combined purchases, during your first 6 months)
  • 5X points on eligible flights and hotels
  • $200 hotel credit, $240 digital entertainment credit, $200 in Uber Cash, $300 Equinox credit, $200 airline fee credit
  • Access to Centurion and Priority Pass airport lounges
  • Select benefits require enrollment.
  • $695 annual fee. Terms apply.

Drawbacks

  • High annual fee
Card Details
  • Earn 100,000 Membership Rewards points after spending $6,000 in the first 6 months, plus 10x points on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. (up to $25,000 in combined purchases during your first 6 months)
  • 5X points per dollar spent on eligible airfare (on up to $500,000 per calendar year, after that 1X) and eligible hotel purchases, and 1X points per dollar on all other eligible purchases
  • Terms apply

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.