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Want to earn rewards for your business’ spending? The Business Platinum® Card from American Express and American Express® Business Gold Card will help you do just that.

By using either one of these two cards, you can earn Membership Rewards® points for hotel stays, airfare, dining out and other business-related expenses. You’ll have access to perks like statement credit for either Global Entry or TSA PreCheck®, no foreign transaction fees and access to G Suite Basic, a set of collaborative productivity apps from Google.

As both are charge cards, you’ll need to pay your bill in full each month (unless you’re enrolled in American Express’ Pay Over Time feature). You’ll also pay a hefty annual fee in exchange for the cards’ generous rewards structure and perks.

Keep reading for help deciding which of these two rewards cards is best for your business.

The Business Platinum® Card from American Express vs. American Express® Business Gold Card

Cards The Business Platinum® Card from American Express American Express® Business Gold Card
Annual fee $595 $295
Welcome bonus Up to 75,000 Membership Rewards® points after required spending within the first three months 35,000-point welcome bonus after spending $5,000 within the first three months of account opening
Rewards 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com

1.5X Membership Rewards® points on eligible purchases of $5,000 or more (up to 1 million additional points per year)

1X Membership Rewards® points on all other purchases

4X Membership Rewards® points on up to $150,000 spent in two of six spending categories that you spend the most on each billing cycle

1X Membership Rewards® points on all other purchases

Here are the details:

Business Platinum® Card from American Express

With the Business Platinum Card, earning rewards is no joke. You’ll pay a $595 annual fee in exchange for 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.

Most importantly, there’s a welcome offer of up to 75,000 Membership Rewards® points. You’ll earn 50,000 points when you spend $10,000 in your first three months and an extra 25,000 points when you spend an additional $10,000 within those three months.

Additional perks of the Business Platinum® Card include:

  • No foreign transaction fees
  • A $200 Airline Fee Credit per year
  • A statement credit every four years after you apply for Global Entry ($100) or every 4.5 years after you apply for TSA PreCheck® ($85).
  • Marriott Bonvoy™ Gold Elite status

Read the full Business Platinum® Card from American Express review here.

American Express® Business Gold Card

Get 4X Membership Rewards® points (up to $150,000 each year) on the two categories where your business spent the most each billing cycle and 1X on other purchases. The categories for 2019 are as follows:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. purchases made directly from select technology providers of computer hardware, software, and cloud solutions
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants
  • U.S. purchases for shipping

There’s a $295 annual fee, but you can make up for it with the card’s welcome offer: 35,000 Membership Rewards® points when you spend $5,000 in your first three months. You can also get 25% of your points earned back when you book a flight using Pay with Points.

With the Business Gold Card, you can enjoy perks like up to one year free of G Suite Basic (great for video conferencing, file storage and sharing) and one year free of ZipRecruiter Standard to aid in your business’ hiring process.

Read the full American Express® Business Gold Card review here.

Which card is right for you?

When deciding which card is best for you, it’s important to fully consider the needs of your business, what your business spends the most on and how much you plan to spend on the card each year.

Here’s a look at the key differences between these two American Express business rewards cards:

First and second-year value example

Business Platinum® Card from American Express American Express® Business Gold Card
TPG April 2019 point valuation 2.0 when redeemed for travel

1.0 for everything else

2.0 when redeemed for travel

1.0 for everything else

Spending example

$5,000 * 12 months * 5X * $0.02 = $6,000

$1,000 * 12 months * 1% * $0.01 = $120

$5,000 * 1 month * 1.5% * $0.01 = $75

$2,500 * 12 months * 4X * $0.02 = $2,400

$2,500 * 12 months * 4X * $0.01 = $1,200

$1,000 * 12 months * 1% * $0.01 = $120

Welcome bonus 50,000 points after spending $10,000, and 25,000 more points after spending an additional $10,000 within the first three months of card membership (worth $750) 35,000-point welcome bonus after spending $5,000 within the first three months of account opening (worth $350)
First-year value $6,870 (including welcome bonus) $4,070 (including welcome bonus)
Second-year value  $6,120 $3,720

 

Business Platinum® Card from American Express

If your business spent $5,000 a month on travel using the Business Platinum® Card, you’d earn $6,000 worth of travel statement credit by the end of your first year. If you then spent an additional $1,000 a month on the 1X category, you’d earn an extra $120. That’s a total of $6,120 for your first year.

When you include the 75,000-point welcome bonus you’d earn from spending $20,000 in your first three months of card ownership, you’d have accumulated $6,870 worth of Membership Rewards® points.

An additional perk of the Business Platinum® Card is that it offers 1.5X points per dollar on eligible purchases totaling $5,000 or more (up to 1 million additional points per year). Say, for example, you spent $5,000 on a purchase for your business. In doing so, you’d earn an additional $75 worth of Membership Rewards® points.

American Express® Business Gold Card

If your business spent $2,500 a month in two of the six categories offered by the Business Gold Card (say, airfare purchased directly from airlines and U.S. restaurants), you’d earn $2,400 worth of Membership Rewards® points for your airfare purchases and $1,200 for your restaurant purchases. Then, say you spent $1,000 a month on the 1X category — that’s an additional $120 a year worth of points.

With the 35,000-point welcome bonus (worth $350) that you’d earn from spending $5,000 within your first three months, you’d earn a total of $4,070 worth of points at the end of your first year.

In summary

Although the Business Platinum® Card has more to offer in terms of rewards earning potential, it charges $300 more than the Business Gold Card for an annual fee. The Business Platinum® Card also offers a much larger welcome bonus, but you’ll need to spend $15,000 more than the Business Gold Card’s qualifying spend in order to receive it.

In terms of rewards flexibility, the Business Gold Card offers a larger pool of categories to choose from. With the Business Gold, you can choose from two of six categories to earn 4X points on (up to $150,000 per year combined), whereas the Business Platinum® Card offers 5X points solely on flights and prepaid hotels booked through amextravel.com.

Both the Business Platinum® Card and Business Gold Card offer AmEx’s Pay Over Time feature for purchases over $100 (16.49% – 24.49% variable APR), meaning you can choose to pay your bill (interest included) over time or pay in full each month.

When deciding between the two cards, it all comes down to how much your business can comfortably spend in order to receive the rewards and perks offered, as well as which categories your business spends the most on.

Bottom line

Choose Business Platinum® Card if…

… your business spends big bucks on airfare and hotels. You’ll enjoy the large welcome bonus, generous rewards structure and travel-focused perks.

Choose the Business Gold Card if …

… you’re most interested in a flexible rewards structure for your business’ spending and don’t want to pay as large of an annual fee as the Business Platinum® Card charges.

View other credit card comparisons.

The information for the Business Platinum® Card from American Express and American Express® Business Gold Card has been collected independently by Bankrate.com. The card details on this page have not been reviewed or provided by the card issuer.


Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.