Business Platinum Card from American Express
Annual Fee
$499.00
Interest Rate
30.00%*
Balance Transfer
-
Cash Advance
-
Credit Score
Good
Rewards
-
- Earn a Welcome Bonus of 40,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership.
- Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses.
- Maximize cash flow: with up to 55 interest free days, you can maximize your cash flow. Plus, take advantage of purchasing power that grows with your business.
- Extensive global airport lounge access: The American Express Global Lounge Collection unlocks access to more than 1,200 airport lounges across 130 countries and counting.
- Refer a friend or family member who is a business owner and you could earn a referral bonus of 25,000 bonus Membership Rewards points for each approved referral up to a maximum annual referral bonus of 225,000 Membership Rewards points.
- Get choice and flexibility when redeeming points with a wide range of travel, dining, entertainment and retail rewards options.
- Gain access to paperless Expense Management Reports delivered quarterly and annually.
- Enjoy financial flexibility with no pre-set spending limit on purchases.
- Experiences created around you: American Express Invites opens doors to access a number of special Platinum events and unique opportunities that have been curated exclusively for Platinum Cardmembers. These range from concerts, theatre, culinary and other special events.
- Front Of The Line: cardmembers can purchase tickets to many sought-after events before they go on sale to the general public. During the specified sale period, tickets are available exclusively to American Express Cardmembers.
- Dedicated Concierge.
- Employee Card Misuse Protection
- Disability Plan for Small Business
- Emergency Medical Insurance(Out of province/country)
- Trip Cancellation Insurance
- Trip Interruption Insurance
- StandbyMD Travel Medical Concierge
- Travel Emergency Assistance
- $500,000 Travel Accident Insurance
- Car Rental Theft and Damage Insurance
- Lost or Stolen Baggage Insurance
- Baggage Delay Insurance
- Flight Delay Insurance
- Hotel/Motel Burglary Insurance
- Purchase Protection Plan
- Buyer’s Assurance Protection Plan
- You must be a Canadian resident
- You must be the age of majority in your province/territory of residence.
- You must be a small business owner.
Summary
The Business Platinum Card from American Express is a business card that allows its holders to earn rewards points for their business purchases. The card also offers a disability plan for small businesses, extensive travel benefits and insurance, as well as giving access to special Front Of The Line access to great exclusive experiences!
Enjoy a welcome bonus of 40,000 points when you charge a total of $5000 in purchases to your Card within your first three months of Cardmembership.
Our Review
Business Platinum Card from American Express
The Business Platinum Card from American Express is a business card that allows its holders to earn rewards points for their business purchases. Cardholders can earn 1.25 Membership rewards points for virtually every $1 in purchases, as well as a welcome bonus of 40,000 points when they charge $5,000 in purchases to the card. The earnings rate is rather modest, but the point bonus is quite attractive- if you’re able to meet the steep $5,000 spending threshold, that is. The card also offers insurance coverage that is specifically designed for businesses, including a disability plan for small businesses, employee card misuse protection, extensive travel insurance and more. Additionally, this card includes global airport lounge access as well as access to special Front Of The Line access to great exclusive experiences! All in all, the Business Platinum Card from American Express offers extensive benefits, that could be extremely advantageous especially to businesses whose expenses include travel, and for business owners who are likely to charge a lot of business purchases to the card. However, if your business is not booming with success, or doesn’t need the fancy perks, and you think the $499 annual fee sounds like a lot, you might want to skip this card.
As per our rating system, this card scored 23/25 on rewards, 13/25 on interest rates and balance transfers, 22/25 on perks and insurance, and 17/25 on annual fees. Therefore, the total smart score of this card is 75/100.
Pros
- Earn a Welcome Bonus of 40,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership.
- Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses.
- Maximize cash flow with up to 55 interest free days. Plus, take advantage of purchasing power that grows with your business.
- Extensive global airport lounge access: The American Express Global Lounge Collection unlocks access to more than 1,200 airport lounges across 130 countries and counting.
- Refer a friend or family member who is a business owner and you could earn a referral bonus of 25,000 bonus Membership Rewards points for each approved referral up to a maximum annual referral bonus of 225,000 Membership Rewards points.
- Get choice and flexibility when redeeming points with a wide range of travel, dining, entertainment and retail rewards options.
- Gain access to paperless Expense Management Reports delivered quarterly and annually.
- Enjoy financial flexibility with no pre-set spending limit on purchases.
- Experiences created around you: American Express Invites opens doors to access a number of special Platinum events and unique opportunities that have been curated exclusively for Platinum Cardmembers. These range from concerts, theatre, culinary and other special events.
- Front Of The Line: cardmembers can purchase tickets to many sought-after events before they go on sale to the general public. During the specified sale period, tickets are available exclusively to American Express Cardmembers.
- Dedicated Concierge.
- A vast array of insurance coverage specially aimed at small businesses, including Employee Card Misuse Protection, Disability Plan for Small Business, many kinds of travel coverage, Purchase Protection and more.
Cons
- You must be a business owner to be eligible for this card.
- $499 annual fee
- Low point earning rate of 1.25 points per dollar spent.
- American Express is not accepted everywhere.