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Features of the The Business Platinum Card® from American Express

  • Rewards Program and Earning Structure: The card offers an impressive rewards structure, particularly for travel-related expenses. Cardholders earn 5X Membership Rewards® points on flights and prepaid hotels booked through AmexTravel.com, up to a cap of $500,000 per calendar year. This is ideal for business owners who frequently book travel for themselves or their teams, as it accelerates point accumulation for future redemptions.
  • Elevated Points on Large Purchases: For business owners with significant expenses, the card provides 1.5X points on eligible purchases in select categories, including U.S. construction material and hardware suppliers, electronic goods retailers, software and cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, up to a combined total of $2 million per calendar year. All other eligible purchases earn 1X points, ensuring rewards on every transaction.
  • Welcome Offer: Although the card is no longer available to new applicants, existing cardholders may have benefited from a welcome offer. As of July 2024, the card offered 15,000 Membership Rewards points after spending $2,000 within the first six months of card membership. Valued at approximately 2 cents per point by some estimates (e.g., The Points Guy), this bonus could be worth around $300, providing a significant incentive for new cardholders at the time of application.
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    • Introductory APR: The card features a 0% introductory APR on purchases and balance transfers for the first 12 months, followed by a variable APR ranging from 18.24% to 28.24%, depending on creditworthiness and market conditions. This introductory period is beneficial for cardholders looking to finance large purchases or transfer balances from high-interest cards without incurring interest charges during the promotional period.
    • Annual Fee: The card carries a $95 annual fee, which is moderate compared to premium American Express cards like The Platinum Card® ($695 annual fee) or the American Express® Gold Card ($325 annual fee). This fee is not waived in the first year, so cardholders must weigh the cost against the rewards and benefits they expect to utilize.
    • No Foreign Transaction Fees: The Amex EveryDay® Preferred Credit Card has no foreign transaction fees, making it a practical choice for international purchases or travel. This feature eliminates the typical 2-3% surcharge applied to transactions processed outside the U.S., which can add up for frequent travelers or those shopping on international websites.
    • Complimentary Hotel Elite Status: The card grants automatic Hilton Honors Gold Status and Marriott Bonvoy Gold Elite Status upon enrollment, without requiring minimum stays. Hilton Honors Gold offers benefits like an 80% bonus on points earned, room upgrades (when available), and free breakfast at select properties. Marriott Bonvoy Gold Elite includes a 25% bonus on points, enhanced room upgrades, and a 2 PM late checkout (when available). These statuses enhance the travel experience at no additional cost.
    • Car Rental Program Privileges: Cardholders receive complimentary premium status with select car rental programs, such as Hertz Gold Plus Rewards and Avis Preferred, which can include upgrades, priority service, and discounts, making business travel more seamless.
    • Statement Credits for Business Expensesy: The card offers up to $1,000 in annual statement credits across various business-related purchases, including: $400 Dell Technologies credit ($200 semi-annually, January-June and July-December, changing July 1, 2025). $360 Indeed credit ($90 per quarter) for hiring and recruiting services. $150 Adobe credit for select subscriptions like Adobe Creative Cloud or Acrobat Pro DC. $120 wireless telephone service credit ($10 monthly) for U.S. wireless providers. These credits are subject to enrollment and can significantly offset the card’s annual fee.
    • Fine Hotels + Resorts Program: When booking through the Fine Hotels + Resorts program via AmexTravel.com, cardholders receive premium benefits at over 1,000 luxury properties, including daily breakfast for two, guaranteed 4 PM late checkout, room upgrades (when available), and a $100 property credit for dining or spa services. These perks add an average value of $550 per stay, enhancing the luxury travel experience.
    • Global Dining Access: The card provides access to the Global Dining Program, offering priority reservations and exclusive experiences at top restaurants worldwide, curated by Resy. This is ideal for business owners entertaining clients or rewarding employees.
    • Purchase Protection: Purchases made with the card are covered by Purchase Protection, which protects eligible items against accidental damage, theft, or loss for up to 90 days, with coverage up to $10,000 per item and $50,000 per account annually. This is valuable for businesses purchasing high-value equipment or inventory.
    • Account Management Tools: The card integrates with American Express’s robust account management tools, including expense tracking, employee card management, and integration with accounting software like QuickBooks. This streamlines financial oversight for businesses of all sizes.
    • Summary of Features: The Business Platinum Card® from American Express is packed with features that cater to high-spending business owners, particularly those who travel frequently or have significant business expenses. From a rewarding points structure and extensive lounge access to business credits and elite statuses, the card is designed to maximize value and convenience, making it a powerful tool for entrepreneurs.
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Benefits of The Business Platinum Card® from American Express

  • 1. Financial Savings through Statement Credits:
    • The card’s $695 annual fee is steep, but its numerous statement credits can offset this cost significantly. Cardholders can receive up to $1,000 in annual credits, including:
    • $200 Airline Fee Credit: Covers incidental fees like checked bags or in-flight purchases on a selected airline.
    • $400 Dell Credit: Up to $200 semi-annually for U.S. Dell purchases, ideal for tech upgrades.
    • $360 Indeed Credit: Up to $90 quarterly for hiring services, supporting business growth.
    • $150 Adobe Credit: For creative software subscriptions, benefiting marketing or design teams.
    • No Foreign Transaction Fees: By eliminating foreign transaction fees, the card saves businesses 2-3% on international purchases. This is a significant benefit for companies with global operations or frequent overseas travel.
    • $120 Wireless Credit: Up to $10 monthly for U.S. wireless services, reducing communication costs.
    • $200 Hilton for Business Credit: Up to $50 quarterly for eligible Hilton purchases, requiring enrollment in the Hilton for Business program.
    • Unparalleled Lounge Access: Access to over 1,400 airport lounges via the American Express Global Lounge Collection transforms travel. Cardholders enjoy complimentary entry to Centurion Lounges, known for gourmet dining.
    • Luxury Hotel Benefits: The Fine Hotels + Resorts program provides an average of $550 in value per stay, including daily breakfast for two, 4 PM late checkout, room upgrades, and a $100 property credit.
    • Elite Status Advantages: Hilton Honors Gold and Marriott Bonvoy Gold Elite statuses provide benefits like bonus points (80% for Hilton, 25% for Marriott), room upgrades, and late checkout.
    • High-Value Point Earnings: Earning 5X points on flights and prepaid hotels through AmexTravel.com and 1.5X points on large purchases or select categories allows businesses to accumulate points quickly.
    • 35% Airline Bonus: Cardholders can receive a 35% points rebate (up to 1 million points annually) when redeeming points for first- or business-class flights on any airline or any class on a selected airline through AmexTravel.com.
    • Streamlined Expense Management: The card’s integration with tools like QuickBooks and the ability to issue employee cards simplifies expense tracking and delegation.
    • Purchase and Travel Protections: Purchase Protection covers eligible purchases against damage or theft for up to 90 days, with limits of $10,000 per item and $50,000 annually.
    • Summary of Benefits: The Business Platinum Card offers a robust suite of benefits that justify its cost for frequent travelers and high-spending businesses. From substantial statement credits and lounge access to elite statuses.
    • Digital Convenience: The Amex app and online portal support easy point tracking, real-time alerts, freezing the card, and secure mobile payments.
    • Comparison to Competitors: Compared to the Chase Sapphire Preferred® and Citi Strata Premier℠ Card, this card stands out for its 50% point bonus and no foreign transaction fees—best for everyday spenders, not luxury travelers.
    • Long-Term Value: High grocery and gas spenders (e.g., $6,000/year groceries, $3,000/year gas) with 30+ monthly transactions can earn 27,000 points annually, plus Amex Offers and bonuses, easily surpassing the $95 fee.
    • Limitations of Benefits: Rewards are capped at $6,000 in supermarket spend annually, and the 30-transaction requirement may be a hassle. The card lacks premium perks like lounge access or travel credits.
    • Ideal User Profile: Best suited for users who spend frequently on groceries and gas, make many small purchases, and maximize point value via travel redemptions—not ideal for those preferring luxury or flat-rate cash back cards.
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How to Apply for The Business Platinum Card® from American Express

  • Understanding the Application Process:
    • Online Application: Apply via American Express website. Navigate to the Business Platinum Card page and click “Apply Now.” The process takes about 10-15 minutes, with most applicants receiving an instant decision.
    • Referral Links: Using a referral from an existing cardholder can increase your welcome offer rewards. Check trusted sources or communities for referral links.
    • Phone or In-Person Application: Call Amex customer service or visit a local Amex office for assistance, useful for complex business structures.
  • Preparing for the Application:
    • Gather Business Information: Legal business name, DBA, business address, industry, business structure, annual revenue, monthly spending estimates, and Tax ID (EIN) or SSN.
    • Assess Personal and Business Finances: Review your personal credit score (aim 700+), payment history, and business financials. Be ready to explain how the card benefits your business.
    • Check Welcome Offer Eligibility: Amex limits eligibility for welcome offers if you have held the card before or based on other factors.
  • Step-by-Step Application Guide:
    • Step 1: Visit the Application Page – Go to the Amex site, find the Business Platinum Card, and click “Apply Now.” Make sure to select the correct regional site.
    • Step 2: Enter Personal Information – Provide full name, DOB, SSN, contact info, income, and employment status.
    • Step 3: Input Business Details – Enter business legal name, address, Tax ID, annual revenue, years in operation, employees, and monthly spend.
    • Step 4: Review Terms and Conditions – Read the $695 annual fee, APRs, and welcome offer requirements carefully before submitting.
    • Step 5: Submit and Await Decision – Most decisions are instant. If pending, Amex may request extra documents or verification.
  • Tips for a Successful Application:
    • Maintain a credit score of 700 or higher (FICO 8 preferred).
    • Apply when you have upcoming business expenses to meet spending requirements.
    • Use referral links to maximize welcome bonuses.
    • Be honest and accurate with all business and personal information.
  • Post-Application Steps:
    • Monitor your application status online or by phone.
    • Enroll in card benefits such as Priority Pass lounges and Hilton Honors Gold status.
    • Track your spending to meet the welcome offer threshold ($20,000 in three months).

Eligibility Criteria for The Business Platinum Card® from American Express

  • Age and Residency: Applicants must be at least 19 years old (age of majority in most U.S. states and Canadian provinces) and a resident of the country where they’re applying (U.S., Canada, etc.). A valid residential address and credit file in the country are required.
  • Business Ownership: Eligible business types include:
    • Sole Proprietors: Freelancers, contractors, or side hustlers qualify, even without a formal business entity.
    • LLCs, Corporations, or Partnerships: Formal businesses with an EIN are eligible.
    • Nonprofits: Some nonprofit organizations may qualify based on revenue and structure, requiring a business name, address, and Tax ID.
  • Credit Score: A good to excellent credit score (typically 700+ on FICO Score 8) is required. Amex evaluates personal and business credit history, emphasizing no payment defaults, low credit utilization, and a stable payment record.
  • Income and Revenue: While Amex does not publish a minimum income, applicants should demonstrate sufficient personal and business income to justify the $695 annual fee and potential spending. Higher revenue and spending capacity improve approval odds.
  • Credit Card History: Amex limits cardholders to five Amex credit cards and up to 10 total Amex cards (including charge cards). Frequent card opening/closing or balance transfers may reduce approval chances.
  • Business Legitimacy: Your business must be legitimate with verifiable revenue and operations. Proof such as invoices, contracts, or a website may be requested. Sole proprietors can qualify with minimal revenue, but larger businesses require consistent income.
  • Spending Needs: Applicants should demonstrate a need for the card’s premium benefits (e.g., frequent travel, high business expenses). Amex may ask for your reason to apply to confirm alignment with card features.
  • Welcome Offer Eligibility - Once-Per-Lifetime Rule: Welcome bonuses apply only once per lifetime per card. Prior holders of the Business Platinum Card are usually ineligible for the bonus. An application pop-up will notify ineligible applicants.
  • Other Welcome Offer Factors:
    • Credit Card History: Multiple Amex card openings/closings may disqualify you.
    • Balance Transfers: Excessive transfers can impact eligibility.
    • Account Status: All Amex accounts must be in good standing with no late payments or defaults.
  • Regional Considerations:
    • U.S. Applicants: Must have a U.S. credit file and SSN (or EIN for businesses). Card benefits target U.S. business purchases.
    • Canadian Applicants: Must be Canadian residents with Canadian credit files. Benefits and terms vary slightly.
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Documents Required for The Business Platinum Card® from American Express

  • Personal Identification:

    Applicants must provide:

    • Government-issued photo ID: Driver’s license, passport, or state ID.
    • Social Security Number (SSN) or local equivalent (e.g., SIN in Canada).
  • Business Identification:

    To verify business ownership and legitimacy:

    • Federal Tax ID (EIN) or SSN for sole proprietors.
    • Business name and address matching official records.
    • Proof of business registration: Articles of Incorporation, DBA certificate, or business license.
  • Financial Documentation:

    May be requested to evaluate financial capacity:

    • Personal tax returns (most recent year).
    • Business tax returns (e.g., IRS Form 1040 Schedule C or corporate filings).
    • Bank statements (personal or business, past three months).
    • Pay stubs, W-2s, or other income verification for salaried applicants.
  • Business Financials (for larger or complex businesses):
    • Profit and Loss (P&L) statements.
    • Balance sheets showing assets and liabilities.
    • Client contracts, invoices, or active service agreements.
  • Proof of Address:

    Amex may require personal or business address verification:

    • Utility bill (electricity, water, or internet, recent three months).
    • Lease agreement or mortgage statement.
    • Bank statement showing name and address.
  • Business Legitimacy Documents:
    • Business license or permit (as applicable).
    • Articles of Incorporation or Organization (LLC/Corporation).
    • Website, marketing materials, or online presence.
    • Client contracts to demonstrate activity (especially for freelancers or sole proprietors).
  • Documents for Special Cases:
    • Nonprofits: 501(c)(3) documentation, board resolution authorizing the card application.
    • Partnerships: Partnership agreement outlining roles and ownership.
    • International Applicants: Local ID or tax number, proof of residency, and local credit report (if available).
  • Submission Process:

    Documents may be uploaded through the American Express secure portal or submitted via email/mail. Digital uploads are preferred for faster processing.

Factors Influencing Approval for The Business Platinum Card® from American Express

  • Personal Credit Score: A FICO® score of 700+ is typically expected. A strong history of on-time payments, low credit utilization, and no recent delinquencies supports approval.
  • Business Credit Profile: If applicable, a positive business credit report (e.g., Dun & Bradstreet) with timely payments and low outstanding debt boosts approval odds.
  • Personal Income: A stable personal income above $100,000 is preferred to handle the $695 annual fee and potential large balances under the Pay Over Time feature.
  • Business Revenue: Businesses with annual revenue exceeding $100,000 are more likely to qualify, although sole proprietors with strong personal credit can still be approved.
  • Amex Card Limits: Applicants are typically limited to 5 Amex credit cards and 10 total cards (including charge cards). Applications beyond these limits may be denied.
  • Welcome Offer Rule: Subject to the "once-per-lifetime" bonus rule. Prior holders of this card are not eligible for the welcome offer again.
  • Business Structure: Amex accepts various entities including sole proprietorships, LLCs, and corporations. Businesses with verifiable operations (e.g., contracts, websites) are preferred.
  • Spending Patterns: High monthly business expenses, especially in travel or tech, align well with the card’s premium rewards and benefits, supporting approval.
  • Existing Amex Relationship: Positive payment history and account management with Amex improve your trust score and approval chances.
  • Application Timing: Apply when finances are stable, debts are paid down, and no recent denials exist. Avoid applying during financial distress or after major credit pulls.
  • Documentation: Be ready to submit proof of income, business registration, tax filings, or revenue invoices if requested for verification.
  • Economic Conditions: During downturns, Amex may tighten requirements. In promotional periods, approval criteria may be more flexible.
  • Geographic and Residency Requirements: Applicants must be U.S. residents with a valid SSN or ITIN. International applicants must meet local Amex criteria and documentation.
  • Business Age and Viability: New businesses are scrutinized more closely unless personal financials are very strong. Evidence of active operations can help.
  • Business Industry Type: Certain industries considered high-risk (e.g., adult content, gambling) may face higher scrutiny or denial. Stable and conventional sectors are more favorably reviewed.
  • Amex Pre-Approval Offers: Pre-qualified offers from Amex often indicate higher chances of approval, especially if you've received an invitation via mail or online account.
  • Authorized Officer Requirement: For corporations and LLCs, the person applying must be an authorized officer or owner with legal rights to open accounts in the business's name.

Frequently Asked Questions (FAQs) – The Business Platinum Card® from American Express

1. What is The Business Platinum Card® from American Express?
The Business Platinum Card® is a premium charge card designed for business owners who travel frequently and have significant business expenses. It offers robust rewards like 5X Membership Rewards® points on flights and prepaid hotels via AmexTravel.com (up to $500,000 annually), and 1.5X points on select business categories and purchases over $5,000 (up to $2 million annually). The card includes luxury travel perks, access to 1,400+ lounges, hotel elite status, and up to $1,000 in statement credits for business expenses. The annual fee is $695. Terms apply.
2. What are the key features of the card?
Key features include 5X points on travel through AmexTravel.com, 1.5X on select business purchases, and 1X on other eligible purchases. Perks include no foreign transaction fees, global lounge access, $1,000 in annual credits (e.g., Dell, Adobe, Indeed), hotel status upgrades, and tools for business expense management. Terms apply.
3. What is the annual fee, and is it worth it?
The annual fee is $695. It may be worth it for businesses that fully utilize the card's benefits, such as lounge access, statement credits, hotel status perks, and point rebates. For those with lower travel or business spending, the cost might outweigh the benefits.
4. What is the welcome offer for new cardholders?
As of May 2025, new cardholders can earn 150,000 Membership Rewards® points after spending $20,000 within 3 months. Additionally, a $500 statement credit is available after spending $2,500 on qualifying flights. Offer valid through June 30, 2025. Terms apply.
5. How do I earn Membership Rewards® points with the card?
Earn 5X points on flights and prepaid hotels through AmexTravel.com (up to $500,000/year), 1.5X on select categories and purchases over $5,000 (up to $2 million/year), and 1X on other purchases. Points can be redeemed or transferred to travel partners. Terms apply.
6. What travel benefits does the card offer?
Access to the Amex Global Lounge Collection (1,400+ lounges), Hilton Gold and Marriott Bonvoy Gold Elite status, Fine Hotels + Resorts perks, $200 airline fee credit, trip cancellation/interruption coverage, baggage insurance, and credits for CLEAR Plus and NEXUS. Terms apply.
7. What statement credits are available?
Up to $1,000 in annual credits: $400 for Dell Technologies, $360 for Indeed, $150 for Adobe, $120 for wireless services, $200 airline fee credit, $200 Hilton for Business credit, $199 CLEAR Plus credit, and $100 NEXUS credit (every 4 years). Enrollment required for select benefits. Terms apply.
8. What credit score and income are needed to qualify?
A good to excellent credit score (typically 700+) is recommended. While Amex doesn’t specify a minimum income, higher annual revenue and responsible financial history improve approval chances.
9. What documents are required for the application?
Applicants typically need to provide an Employer Identification Number (EIN) or Social Security Number (SSN), government-issued ID, business income details, and possibly tax documents or utility bills to verify identity and address.
10. Can points be transferred to travel partners?
Yes, Membership Rewards® points can be transferred to over 20 airline and hotel partners, such as Delta SkyMiles, British Airways, Hilton Honors, and Marriott Bonvoy—often at a 1:1 ratio. Transfers may offer higher redemption value. Terms apply.