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Why I love the Amex Business Platinum Card

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The Business Platinum Card® from American Express is easily one of the top business credit cards for travel enthusiasts on the market today. While a $695 annual fee applies, this card offers one of the best rewards rates out there on travel purchases, as well as a significant bonus that’s worth up to $2,400 in travel right off the bat.

There are plenty of other reasons to sign up for this card, including the fact that it earns flexible points in the American Express Membership Rewards program. With all the potential benefits the Amex Business Platinum Card offers, it’s no wonder so many business owners use it for their business-related expenses and bills.

Amex Business Platinum Card details

Before diving into the main reasons small business owners choose this card over other business cards, it’s important to explain the major card details. Highlights of the Amex Business Platinum Card are listed below:

  • Rewards: 5X Membership Rewards points on flights and prepaid hotels booked with; 2X points on prepaid rental cars booked through; 1.5X points (on up to $2,000,000 per calendar year) on both purchases of $5,000 or more and on select category purchases; 1X points on all other purchases
  • Welcome bonus:120,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first three months of card membership
  • Annual fee: $695
  • APR:  16.49 percent to 24.49 percent variable APR

6 reasons to love the Amex Business Platinum Card

We interviewed several regular Amex Business Platinum Card users to find out why they chose this card and how they use it to maximize rewards on business spending. Here are the main reasons everyday business owners signed up for this card in the first place and how they use it throughout the year.

Excellent earning rate on travel purchases and purchases of $5,000 or more

Online entrepreneur Mike Nunez, who owns and other online ventures, says he tries to optimize his rewards based on the types of purchases he’s making. To that end, he pairs his Amex Business Platinum Card with a few other rewards credit cards for personal use.

However, he always uses his Amex Business Platinum Card for travel purchases due to the fact that he earns 5X points on flights and prepaid hotel purchases made through That way, he’s earning 5,000 Amex Membership Rewards points for every $1,000 he spends on eligible travel purchases through the Amex portal.

Generally speaking, Nunez says he likes to purchase his flights through the portal with cash so that he earns airline miles and points toward elite status on the purchases, as well. In the meantime, Nunez also looks for other ways to rack up more rewards on business spending, and particularly on large purchases.

“I also like to put $5,000+ charges on this card for 1.5X points,” he says.

Flexible rewards program

Nunez says that, when it comes to redeeming his rewards, he almost always uses his points to book one-way flights for various family members. However, he only does this after transferring his points to American Express airline partners, which include options like Air France / Flying Blue and Delta SkyMiles.

In addition to letting you redeem points for transfers to Amex airline and hotel partners, the American Express Membership Rewards program offers other redemption options. For example, you can redeem points directly for travel purchases through the Amex travel portal, or you can use points for gift cards, merchandise or online shopping.

Jacob Wade, who runs the website, says that he has earned over 250,000 Amex points through several different cards he has, including the Amex Business Platinum. In the process, he has learned to love the flexible redemption options and has used points for five round-trip tickets from Florida to Washington state in January, a hotel stay through the Amex portal and $900 worth of Home Depot gift cards for a backyard project.

Statement credits that more than make up for the annual fee

The Amex Business Platinum also offers a ton of statement credits that more than make up for the $695 annual fee, which you can start using after you get this card.

Specifically, cardholders are eligible for up to $400 in credits for Dell purchases, up to $360 in Indeed credits, up to $150 in credits toward select Adobe purchases, up to $120 in wireless telephone service credits, up to $189 in credits toward CLEAR® membership, up to $100 in credits toward Global Entry or TSA PreCheck application fees and up to $200 in credits toward airline incidentals with a select airline. These credits alone can be worth more than $1,500.

Wade says he has been able to take advantage of some of these credits with ease, including the airline incidental credit, Adobe credit and wireless telephone service credit. He also plans on using the entire $400 Dell credit to upgrade some technology in his office later this year.

Generous travel benefits for cardholders

The Amex Business Platinum Card also comes with a range of valuable travel benefits, including Priority Pass Select airport lounge membership, access to Amex Centurion Lounges and Delta Sky Clubs when flying Delta, Amex Fine Hotels + Resorts benefits and a 35 percent airline bonus.

Nunez says he tries to use all the travel perks to justify this card’s annual fee, but has specifically enjoyed the CLEAR airport membership, airline reimbursements for items such as Wi-Fi and snacks, access to Centurion Lounges and Priority Pass Select membership. Note that Priority Pass membership with unlimited visits has a retail value of $429 on its own.

He also points out that his family loves the Amex Fine Hotels + Resorts collection, and the benefits they receive such as early check-ins, late checkouts and a credit for room service or a spa visit are very valuable. However, the best benefit is the 35 percent points back on the airline of your choice or any Business or First class ticket, he says.

“This makes flying so much more comfortable for a minimal cost difference than flying economy,” says Nunez.

It’s also worth noting that the Amex Business Platinum Card comes with several travel insurance benefits for cardholders. Major coverages include trip cancellation and interruption insurance, trip delay insurance, secondary auto rental coverage and a baggage insurance plan.

Amex lets you pool points earned with other cards

Money coach Sharita Humphrey of Houston, Texas, says her favorite strategy with her Amex Business Platinum Card is pairing it with other American Express credit cards to maximize rewards. Fortunately for cardholders, Amex makes it easy to earn Membership Rewards points with different card products. You even get to pool all your points in one account.

Humphrey says she has chosen to get her employees’ cards associated with her Amex Business Platinum Card, and that she went with the American Express® Gold Card for her workers. This means they don’t get all the perks they would with a regular authorized user card, but she gets the benefit of earning Amex points on their business-related purchases (though they earn lower rates compared to if they were holding standard business cards).

She also uses the Amex Gold for her personal spending and bills, which makes it easy to quickly rack up rewards. After all, the Amex Gold Card offers 4X points at restaurants (including takeout and Uber Eats purchases), 4X points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or via, 2X points on rental cars booked through and 1X points on all other purchases.

The bottom line

The Amex Business Platinum is pretty pricey when you compare it to other business credit cards on the market, yet the statement credit offers and premium travel perks can make it well worth the cost. This is especially true right now since you can earn 120,000 Membership Rewards points after spending $15,000 on eligible purchases within three months of account opening.

If you’re still not convinced, it makes sense to take a closer look at other Amex cards for business, including the American Express® Business Gold Card. You might even consider The Blue Business® Plus Credit Card from American Express, which lets you earn Membership Rewards points for no annual fee.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
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Part of  Introduction to the American Express Business Platinum Credit Card