Compare the Features and Benefits of The Business Platinum Card® from American Express and
The Platinum Card® from American Express

💳 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

💳 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. 🔔

In many ways, the American Express Platinum card is the crème de la crème of premium travel rewards credit cards. A 2025 refresh of this card added a slew of additional benefits and statement credits as the annual fee rose to $895 (Rates and Fees). On balance, the additional perks well exceeded the annual fee increase.

We see at least $1,700 in “very easy to use” statement credits on top of the benefits like Centurion airport lounge access, Priority Pass Lounge access, Delta lounge access when flying Delta up to 10 times a year), hotel status in three programs, car rental status in multiple programs, access to Fine Hotels and Resorts perks, access to Resy perks (including Resy Nights – exclusive access for Platinum cardholders on top of the statement credits of up to $100 per quarter).

The “very easy to use” statement credits we used to come up with that $1,700 is as follows:

• For the target Platinum cardholder, the $600 a year in FHR / Hotel Collection is easy to use. That’s just one reservation twice a year to get your $300 X 2 back.
• For those that live in major cities, you probably already eat at a Resy restaurant once every 3 months. That is another $400 in statement credits.
• We don’t think we know anyone that doesn’t use $25 a month in streaming services given the exhaustive list of providers (Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV). That’s $300 more back in statement credits
• If you agree you are likely to use most or all the above, you probably already ride Uber or order Uber Eats at least once or twice a month? That’s $200 more in statement credits.
• Most travelers should be using the $200 incidental airline credit easily and that’s the last $200 in credits we consider “very easy to use.”

In this scenario, you have paid an annual fee of $895, received $1,700 in value from just some of the available credits, and we haven’t even assigned any value to the airport lounge access, hotel status (Hilton Gold, Marriott Gold, and Leader’s Club Sterling), car rental program status, Resy perks, or the statement credits that many will use even if we didn’t include them in our “base case” such as the monthly Uber One membership credit, lululemon, Equinox, Oura Ring, and the Walmart+ credit.

That’s more than $1,000 in additional potential statement credit value.

Please keep in mind that enrollment is required for most benefits above, and Terms Apply; refer to the “Unique Card Benefits” section, the “Statement Credits” section, the “Grants Hotel Status” section, and the “Grants Car Rental Status” sections above for all details.

Beyond the access to Fine Hotels and Resorts and the Hotel Collection, and beyond the airport lounge access and hotel / car rental statuses, the card still earns 5X on airfare purchased directly with the airlines or through the Amex Travel portal (on up to $500,000 of airfare purchases per calendar year) as well as 5X on prepaid hotels through Amex Travel.

Since the card earns 1X on all other purchases, we recommend pairing this card with the American Express® Gold Card, which earns 4X American Express Membership Rewards points per dollar spent at restaurants worldwide (up to $50,000 a year; 1X thereafter) and 4X Membership Rewards points per dollar spent on U.S. Supermarkets* (up to $25,000 a year; 1X thereafter).

When paired, you’ve got a tremendously powerful card combo for both spend and lifestyle / travel perks.

A few notes you need to know:

Amex now has language restricting you from getting the bonus on this Card if you have or have had this card OR have had this Card, the Platinum Card^® from American Express Exclusively for Charles Schwab, the Platinum Card^® from American Express Exclusively for Morgan Stanley or previous versions of these Cards.

Additional Platinum cards are $195 each.

If you want an Authorized User card with none of the benefits, that is still available as the “Companion Platinum Card.” They will simply be able to make charges that post to your account.

Bottom Line:

Rates and Fees for The Platinum Card® from American Express