The Business Platinum Card® from American Express Review

The Business Platinum Card® from American Express jumps out of the gate with an enticing 150,000-point welcome offer after spending $20,000 in the first three months. This generous welcome offer holds immense value, especially for businesses with significant upfront costs. Depending on redemption, these points can offset travel expenses or be utilized towards business rewards, offering an excellent return on investment early on.

With carefully tailored reward tiers, this card allows businesses to earn more points on high-volume categories. Notably, when booking through AmexTravel.com, you can earn 5X Membership Rewards® points on flights and prepaid hotels. You'll also earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus. And 1X points for each dollar you spend on eligible purchases. This reward structure provides an exceptional return on expenses already crucial for many businesses, turning necessary spending into an investment.

The Business Platinum Card® from American Express provides substantial statement credits on various business essentials, acting as a valuable cashback mechanism. From tech and recruitment to telecoms, and even luxury travel expenses, these credits offer direct savings. These benefits can notably mitigate operational costs, and their value will align with each business's unique spending habits. These credits contribute substantially to operational efficiency and heighten the card's overall worth.

For frequent business travelers, the free access to over 1,400 airport lounges globally through the American Express Global Lounge Collection is almost unbeatable. The card also offers hotel credits and onboard cruise credits, complementing its point system to deliver a comprehensive travel rewards package. Plus, travel insurance protections offer peace of mind, making business travel not just more rewarding, but also more comfortable and secure.

Eligibility and benefit levels vary by card. Terms, conditions and limitations apply. For more details, please visit americanexpress.com/benefitsguide. Underwritten by Amex Assurance Company.

While the annual fee of $695 may initially seem steep, when balanced against the card's extensive rewards, credits, and benefits, it's a worthwhile investment for businesses with high spending and travel frequency. However, if your business has lower spending or less frequent travel, you should carefully consider whether the benefits will sufficiently offset this fee.