Compare the Features and Benefits of The Business Platinum Card® from American Express and
Bank of America® Unlimited Cash Rewards Credit Card

💳 This card earns American Express Membership Rewards points. American Express often runs transfer bonuses where you can get even more points when you transfer to airline or hotel partners at designated times. Transfer bonuses are awesome. Get 20%, 30%, 40% or more bonus miles when you transfer points at the right times. But they are easy to miss!

You can see all past Transfer Bonuses from American Express Membership Rewards here.

Even better? Get notified when a new transfer bonus comes out and again before it ends (either or both, your choice). Sign up for free alerts right here. 🔔

The Amex Business Platinum is the one of the most expensive travel rewards cards on the market today. However, while its annual fee might be a bit on the higher side, the perks that come along with it are second to none, both from the business perspective as well as the travel angle.

For small business owners that hit the road (or skies) regularly, there really isn’t another card quite like this one.

On the travel perks side of things, the Amex Business Platinum has a laundry list of embedded extras from hotel status (Hilton Gold, Marriott Gold, Leaders Club Sterling) and rental car elite statuses to complimentary access to airport lounges through the Global Lounge Collection, including the popular Centurion Lounges, Priority Pass, and limited access to Delta SkyClubs when flying Delta. (See the key features and benefits above for details.)

There is also a $600 Hotel Credit where you can get up to $300 in statement credits semi-annually for up to a total of $600 each calendar year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through Amex Travel™ using the Business Platinum Card (two-night minimum stay with The Hotel Collection) at more than 3,100 handpicked hotels. Fine Hotels + Resorts® include not just potential upgrades, on-property credit, and complimentary breakfast, but is also the only major issuer hotel program that offers a guaranteed 4pm late check out. That can come in very handy when you have a flight later in the day!

However, this is a business card, after all, and where this card shines is in its business statement credits.

If you have business expenses that are with specific merchants, such as Dell, Adobe, and Indeed, the Business Platinum can tangibly help cut reduce costs.

In addition, card holders get an extra point per dollar (2X) on eligible purchases at U.S. construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, and purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. 2X can be huge, spanning a wide variety of business categories (capped at $2 million).

The perk of $50 in quarterly statement credits (enrollment required) at Hilton properties – up to $200 a year – adds real additional value as well.

When you want to redeem points, you can take advantage of the ability to transfer to any of the American Express Membership Rewards airline or hotel partner programs. If you want to keep it simple, the Business Platinum card has a very unique feature to get 35% points back after using Pay with Points for flights booked through Amex Travel with one of nine selected qualifying airlines, up to 1,000,000 points back per calendar year.

(Note: You choose your airline once per year for your $200 airline fee credit and then you can additionally get the 35% rebate on flights booked through Amex Travel using points on that one chosen airline in any class of service.)

The Amex Business Platinum isn’t a card for everyone — that’s for sure. But for high-spending business owners who travel often (either for business or pleasure), this just might be the card for you.

We recommend that you also consider pairing this card with the American Express® Business Gold Card, which has a wide array of bonus categories that complement what you receive on the Business Platinum.

Rates and fees for The Business Platinum Card® from American Express

With over 3,800 branches, Bank of America is a retail banking giant. It offers its Unlimited Cash Rewards Credit Card to customers who are looking to earn strong rates of cash back on all purchases, but don’t want to pay an annual fee.

Earn unlimited 1.5% cash back on all purchases

This card offers 1.5% cash back per dollar spent on all purchases, with no limits. This is very competitive for a card with no annual fee. This high rate of return comes at the expense of bonus categories, as this card doesn’t have any, like other cards do for things like travel and dining purchases.

Cash back rewards can be deposited into a Bank of America savings account, redeemed as a statement credit, or applied to an eligible Merrill account.

And unlike a Bank of America Travel Rewards card, you don’t get any statement credits towards baggage fees, or the purchase of vacation packages, just cash rewards.

However, Bank of America Preferred Rewards members can earn a 25%, 50% or 75% bonus on their rewards, depending on which tier they are in. And these are simple cash rewards, so you don’t have to redeem points to be rewarded.

Many cardholders will find this simple formula better than earning bonuses on some purchases, but a mere 1% on other purchases.

And your cash back rewards never expire so long as your account remains open and in good standing.

But what makes this card exceptional is the ability for Bank of America Preferred Rewards customers to earn as much as 2.625% cash back. That’s what you’ll get if you’re in one of the higher tiers of their program and earn a 75% bonus on your rewards earned. Others will earn a 25% or 50% bonus, which is still enough to take this card from competitive to remarkable.

Otherwise, this simple card is also one that’s light on benefits. There’s very little to no travel insurance or purchase protection policies, but you do get a free credit score, which most cards offer these days. One notable benefit is Bank of America’s Museums on Us program, which offers free access to hundreds of museums on the first full weekend of the month. This unique benefit can offer significant value to families, parents and other museum lovers.

There’s no annual fee for this card, but there is a 3% foreign transaction fee imposed on purchases processed outside of the United States. That leaves this card as a solid choice for those looking for a competitive, but basic cash back card rather than a travel rewards credit card.

However, if you also happen to be a Bank of America Premier Rewards member, then using this could be the most rewarding card that you could ever use.