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How to choose between the Amex Business Gold and Amex Business Platinum

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business man walking to car
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Among the national issuers, American Express ranks the highest in customer satisfaction according to the J.D. Power 2021 Credit Card Satisfaction Study. This is one of the reasons why their credit cards are frequently at the top of must-have lists, including mine. I’ve wanted an American Express business card for a while and am almost ready to apply. I’ve narrowed it down to two cards: The American Express® Business Gold Card and The Business Platinum Card® from American Express.

Both are charge cards, rather than credit cards. This means they don’t have preset credit lines, but the bill must be paid in full each month. Both offer excellent rewards, from the hefty welcome offer you’ll receive after charging a certain amount within a fixed number of months to the ability to accumulate major rewards as you charge your business expenses. Each card has a substantial annual fee and an impressive set of perks, many of which overlap.

So, how do you decide between the two?

Key features

Welcome offer

Welcome offers entice and reward new cardholders with a large number of points after meeting a spending requirement. It’s important to consider not only the benefit you’ll receive but whether you can comfortably meet the minimum spend required during the time period.

Business Gold: Currently 70,000 Membership Rewards points after charging $10,000 on eligible purchases in the first three months of opening the account.

Business Platinum: Currently 120,000 Membership Rewards points after you spend $15,000 on eligible purchases with your card within the first three months of card membership.

Annual fee

The fees for these cards go toward the cost of the benefits. In general, the more expensive the annual fee, the more benefits you get.

Business Gold: $295

Business Platinum: $695

Rewards accumulation

As you use either card, points will build up. Focus on rewards structures that reward your specific spending, rather than picking the card that offers the most possible rewards. Even the best rewards rate won’t be much use if your typical spending doesn’t match the categories.

Business Gold: 4X Membership Rewards points on the first $150,000 in combined purchases from the top two spending categories each calendar year, which include airfare purchases directly from airlines, U.S. spending on gas stations, restaurants and shipping as well as advertising, computer hardware, software and cloud systems from select technology providers. You also earn 2X points on rental cars booked through After that, you will earn 1X points for every dollar you charge.

Business Platinum: 5X Membership Rewards points on flights and prepaid hotels on, 2X points on prepaid rental cars booked through, 1.5X Membership Rewards points on eligible purchases in key business categories as well as on purchases of $5,000 or more everywhere else (up to $2 million of these purchases per calendar year). You earn 1X points on all other purchases.

Travel benefits

For travel, these cards share the same point valuation. Points are worth 2 cents each (on average) when you transfer to airlines and hotel partners or book travel, according to The Points Guy’s latest monthly valuation. If you book a stay of at least two nights through The Hotel Collection, you can get a hotel credit worth up to $100 and a room upgrade. You won’t pay more while traveling internationally since neither charges foreign transaction fees. On the road? You get emergency automotive services up to four times per year. And both cards provide insurance coverage for damaged, stolen or lost checked bags while traveling by air.

When it comes to the rebates associated with travel for each card, there are some differences:

Business Gold: You’ll get 25 percent of your points back when you redeem them at with a cap of 250,000 points per calendar year.

Business Platinum: You’ll get 35 percent of your points back when you redeem them at with a cap of 500,000 points back per calendar year.

After that, the Business Platinum card takes off. It offers perks that are not associated with the Gold card, including:

  • Free access to over 1,400 airport lounges
  • Global Entry or TSA PreCheck credit (up to $100 every four years) 
  • CLEAR® membership credit (up to $189)
  • Gold Elite Status at Hilton and Marriott hotels
  • Eligible to receive discounts on Wheels Up Connect & Core memberships
  • Avis, National and Hertz car rental upgrade status
  • Up to $200 in airline fee credits (per calendar year toward baggage fees and more at one qualifying airline)


For items that have warranties of five years or less, American Express will add a supplementary warranty of up to an additional year when you make the purchase with either of these cards. You’ll also enjoy purchase protection, which provides you with accidental damage and theft coverage for 90 days.

Shopping promotions are subject to change, but right now (and into the foreseeable future) the Business Platinum offers up to $400 in statement credits annually for U.S. purchases with Dell Technologies (get up to $200 in statement credits between January and June and up to $200 in statement credits between July and December for U.S. purchases when enrolled), while the Gold card does not.

Business management

Both the Gold and Platinum cards offer the American Express Business App, and with it, you can easily manage your expenses as well as connect to QuickBooks software. If you have employees, you can make them authorized users as well as assign an account manager to handle the account’s activity, such as making payments and reviewing statements.

The Business Platinum, in particular, offers up to $360 in annual statement credits on all Indeed hiring and recruiting products and services (up to $90 per quarter), up to $150 in annual statement credits on select Adobe purchases (including Adobe Creative Cloud and Acrobat Pro DC) as well as up to $120 in annual statement credits for purchases made directly from any U.S. wireless telephone provider (up to $10 per month).

Although the Business Gold and Business Platinum are cards that require payment in full by the due date, you can also take advantage of the “Pay Over Time” feature which enables to pay eligible purchases in full each month—or pay over time with interest (terms apply). The balances you pay by the due date won’t be subject to added interest, but if you choose to revolve debts for eligible purchases, interest will be added. Both cards have variable APRs of 16.49 percent to 24.49 percent on revolving balances. The rate you receive depends on your creditworthiness and other factors at the time of application.

How to decide between Amex Business Gold and Amex Business Platinum

First, think about the welcome offers. For the Business Gold card, the welcome offer could be worth $700 while the Business Platinum card’s offer could be worth $1,200, assuming you use them to book travel through (though you can also redeem points for statement credits, gift cards and at select merchant checkouts for a lower valuation). However, you will have to spend $10,000 in the first three months to get the 70,000 welcome offer points for the Business Gold card and $15,000 in the first three months to get the 120,000 welcome offer points for the Business Platinum card. If spending that much and paying it all off every month will be tough or impossible, that’s an automatic “no” for the Platinum card. The last thing you want to do is get into debt and still fall short of the valuable bonus!

Then comes the annual fee. The Business Gold card costs $400 less than the Business Platinum, but if you come out ahead by making the most of the benefits, it will pull out ahead in this race.

The Platinum card is the winner for travel, especially if you are doing a lot of it and would like to enjoy special luxuries. There’s nothing like an airport lounge to relax in during long layovers and delays, particularly the swanky Centurion lounge. Zipping through airport security lines, securing complimentary hotel and car rental upgrades and having a professional assist you with restaurant and entertainment reservations is lovely, but these perks can sound better in your mind than in real life. Will you use the benefits often enough to make up for the higher annual fee? Only you know, so project. What does your future look like, not just over the next 12 months but for at least a few years to come? These are annual fees, so your benefit usage should be sustainable.

The bottom line

If most of your card’s activity will be for everyday business expenses instead of flights and hotels, the Gold card makes more sense. You’ll rack up points fast and won’t pay more for services you won’t be using. If you’re on the road (or in the sky) frequently for work, the Platinum offers a slew of benefits to make your business travel more comfortable while rewarding you along the way.

Both the Amex Business Gold and Amex Business Platinum provide some great perks and the same ability to charge what you need for your business. To qualify, both do require a strong and steady income as well as credit scores that are in the good to excellent range (between 670 and 850).

Written by
Erica Sandberg
Credit And Money Management Expert Contributor
Erica Sandberg is a credit and money management expert who began her career at Consumer Credit Counseling Service (CCCS). There, she helped individuals and families overcome their debt issues and developed budgets, then transitioned into the agency’s primary media spokesperson.
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Part of  Introduction to the American Express Business Gold Credit Card