AmEx Business Platinum: 2024 Review

Business travelers looking for luxury perks American Express Business Platinum Card® It's no surprise why: The card offers comfortable perks like exclusive lounge access and travel credits, plus you'll automatically earn elite status with select hotel and car rental chains, which promise upgrades, discounts, and other perks.

But these great perks come with a hefty price tag. $695 The annual fee (terms apply) is the highest of any card we review. You may be able to deduct the fee on your taxes, but whether the expense is justified will depend on how much you actually use the card's rewards. If you're not sure, you can calculate it with our annual fee calculator below.

Even if the benefits to your business outweigh the fees, it's worth exploring other options. Business Travel Card There are also Business Platinum cards that offer higher rewards on spending. The Business Platinum card earns just 1 point per dollar on most spending. Sure, prepaid hotel and airfare cards booked through AmEx offer higher rates, but many less expensive business cards can match or even beat that. Capital One Venture X Business And that US Bank Business Altitude™ Connect World Elite Mastercard®.

• I travel regularly and use airport lounges.

• I want to earn elite status with Hilton and Marriott.

• Prioritize perks over spending rewards.

• Take advantage of the various statement credits available with the Business Platinum Card.

Want to earn more travel points on your business spending? think Capital One Venture X BusinessEarn double points for a fraction of the cost. Earn 2x miles on all purchases (without limits), plus 10x miles on hotels and car rentals, and 5x miles on flights booked with Capital One Travel. No annual fee ($395) is mostly offset by the $300 annual travel credit you get when you book through Capital One Travel. Other perks include extensive airport lounge access and a huge welcome offer. Earn 150,000 bonus miles after you spend $30,000 in your first 3 months on account. (look Fees and charges.

Want a lower-cost option? of US Bank Business Altitude™ Connect World Elite Mastercard® is also a strong candidate. The annual fee is cheap (Free for the first year, then $95) and welcome offers are easy to get: Limited time offer: Earn 60,000 bonus points (valued at $600) after you spend $6,000 on your account holder's Card within 180 days of account opening.

While the Business Altitude Connect doesn't offer any extravagant perks, it does come with four free Priority Pass lounge visits per year, a monthly statement credit for taxi/rideshare travel, and a higher rewards point return rate. Earn 5x points on prepaid hotel and car rentals booked directly through the Rewards Center Earn 4x points on travel, gas and EV charging stations with combined annual spend of over $150,000 Earn 2x points on restaurants, takeout, restaurant delivery and mobile service providers Earn 1x points on all other eligible spend.

Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Card within your first 3 months as a Cardmember. Terms and conditions apply.

• You will receive 5 Membership Rewards points for every dollar you spend on airfare and prepaid hotels booked through amextravel.com.

• You can earn 1.5 points per dollar on eligible purchases of $5,000 or more in certain business categories (such as electronics and software) and up to $2 million per calendar year.

• You will receive 1 point per dollar on all eligible purchases.

Membership Rewards points are worth about 0.5 cents to 1 cent per point, depending on how you redeem them. Generally, the best value is when redeeming for travel or gift cards. Points are transferable, and can be even more valuable if you transfer them to other loyalty programs and then redeem them strategically.

interest rate: Purchased item American Express Business Platinum Card® They are classified as either “installment payments” or “full payment.”

• Installment payment: This is an optional feature that allows you to carry your balance over to the next month, just like with regular credit card purchases. When this option is enabled, any purchase over $100 will automatically be classified as an installment payment. The current APR is a variable APR ranging from 19.49% to 28.49%.. nevertheless American Express Business Platinum Card® There is no pre-set spending limit, but a Pay Over Time balance limit is imposed. Any purchases above that limit will be Pay In Full. Terms and conditions apply.

• Full payment: These purchases are due in full each month and do not accrue interest. All purchases under $100 are due in full, including purchases over your Pay Over Time balance limit. If you do not use Pay Over Time, all purchases are due in full. Terms and conditions apply.

Foreign Transaction Fee: none.

The value of most business travel credit cards comes from the points you earn when you use them. American Express Business Platinum Card® It is closely tied to rewards and is like a membership card that gives you access to a range of perks that will make your travel life easier.

Some perks reduce direct costs, such as up to $200 per year in statement credits for incidentals with select airlines and CLEAR Plus fee credits. TSA Pre-Check or Global EntryMany business owners will find what they need from Dell, and this card gives you up to $400 in statement credits ($200 in the first half of the year and another $200 in the second half of the year) when you buy directly from Dell.

Other perks are harder to put a price tag on but are clearly valuable, from automatic elite hotel status to concierge services.

Airport lounges are a welcome perk for the frequent business traveler, offering a haven from the hustle and bustle of busy gate areas and the added bonus of complimentary snacks. American Express Business Platinum Card® Offers access to several types including the highly reputable American Express Centurion Lounge And more universal Delta Sky Club If you fly with Delta Airlines, you also get access to the International American Express Lounge, Priority Pass Lounges, as well as Plaza Premium, Airspace and Escape network lounges (if you are subscribed to those networks).

Combined, that gives you access to more than 1,400 lounges in 140 countries. Amex says this collection is the largest ever offered on a card. American Express Business Platinum Card® Hard to win Business credit cards with airport lounge access.

The New Cardmember Bonus offers significant points rewards, but you'll need to make significant spending decisions soon after receiving the card to earn the full amount. Details: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Card within your first 3 months as a Cardmember. Terms and conditions apply.

American Express Business Platinum Card® is not designed for entrepreneurs with low spending habits. If you don't spend enough to earn a bonus, but still want a business credit card that's convenient for travel, try these other options: Ink Business Preferred® Credit CardThis card offers a large welcome offer with a low annual fee. Earn 100,000 bonus points after you spend $8,000 on purchases in the first three months after account opening, which is worth $1,000 cash back or $1,250 in travel when redeemed through Chase Travel℠.

These business travel cards also offer great rewards rates:

• Ink Business Preferred® Credit CardEarn 3 points per dollar spent on travel, shipping, select advertising, Internet, cable and phone services each year. Earn 1x points on all other purchases.

• US Bank Business Altitude™ Connect World Elite Mastercard®: Earn 5x points on prepaid hotel and car rentals booked directly through the Rewards Center Earn 4x points on travel, gas and EV charging stations with combined annual spend of over $150,000 Earn 2x points on restaurants, takeout, restaurant delivery and mobile service providers Earn 1x points on all other eligible spend.

If you take full advantage of the benefits, American Express Business Platinum Card®, $695 The annual fee is worth it, especially if you take full advantage of the $200 annual airline fee credit, which can significantly reduce your fees. And, Annual membership fees can be deducted as an expense If you use your card for business purposes only.

But if, like many people, you don't want to pay that much, consider something cheaper. Capital One Venture X BusinessThe annual fee is $395offering a larger, more versatile $300 annual travel credit and free access to more than 1,300 airport lounges.

You'll also receive the following rewards:Earn unlimited 10x miles when you book hotels and rental cars through Capital One Travel and 5x miles on flights with thousands of options to book at the best price. Earn unlimited 2x miles no matter where you buy. No restrictions or category limitations. (look Fees and charges.

Cost-conscious small business owners who don't travel much will have a hard time getting value out of this premium card, but if you're a hardcore business travel warrior with a taste for luxury, you'll be able to get enough value out of this card to make the higher fees worth it.