Credit Cards

How To Get Amex Business Platinum

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 5 minute read

Here’s all you need to know about the Amex Platinum and Amex Business Platinum in order to make an informed decision.

If you’re a frequent traveler, a high-end credit card might make a big impact on your life. When it comes to many rewards programs, it’s not only about the points you may rack up but also the perks you get. Do you get free use of the airport’s lounge? Do you have any airline miles left? Other advantages? Even with a high yearly charge, if you make excellent use of the benefits, it may be worth it.

If you have an American Express account, you’ll get a lot of perks if you use the Platinum Card® from American Express and the Business Platinum Card from American Express. Here’s everything you need to know if you’re deciding between the Amex Platinum and the Amex Business Platinum.

American Express Platinum vs. American Express Business Platinum

There are some similarities between the two American Express credit cards, but there are also significant variances in the rewards you’ll receive with each. Consequently, it is critical to identify the add-ons you are most likely to make use of prior to selecting a card.

There are five significant distinctions between the Amex Platinum and Amex Business Platinum cards.

It’s easy to see how these cards share a lot in common. There are a number of Amex partner airlines and hotels to whom you may transfer your Membership Rewards, which can be done on a 1:1 basis. In addition, you’ll be eligible for Fine Hotels & Resorts benefits and Gold Status in the Marriott Bonvoy and Hilton Honours programs, respectively.

Even so, it’s important to keep in mind the significant distinctions between the Amex Platinum and Amex Business Platinum when comparing the two cards. Based on how many points you can get, what you can get from it, and what it costs, you can choose which is ideal for you.

Credits

Despite the fact that each card comes with a credit for Global Entry or TSA PreCheck costs, there are key distinctions in the other credit options.

If you have an Amex Platinum credit card, for example, you get $15 in Uber cash each month (until December, when you get an extra $20). As a ride-sharing service user, the Platinum card might be an intriguing option. In addition, you’ll get a $100 Saks Fifth Avenue credit with the Platinum card, which is split into two installments: $50 from January through June and the other $50 from July through December.

Additionally, Amex Platinum cardholders receive $200 in airline fee credits, a $179 CLEAR® membership credit, up to $200 in credits for qualifying hotel stays at properties in the Hotel Collection and Fine Hotels & Resorts portfolio, $240 in digital entertainment credits for eligible subscriptions to Peacock, Audible, SiriusXM, and The New York Times, and a $300 credit for eligible Equinox+ digital fitness app or Equinox fitness club membership each year

In addition to the $200 annual airline charge credit, the Amex Business Platinum card offers a $179 membership credit, and a $400 Dell computer purchase credit. In addition, the Amex Business Platinum card gives $360 in annual Indeed credit, $150 in annual Adobe credit, and $120 in monthly cellular phone service credit. If you have two Platinum cards, remember that you must enroll in some of the advantages.

Rates of pay

Membership Rewards points may be earned at a five-fold rate on flights and pre-booked hotels on Amextravel.com with these cards. As a regular traveler, one or both of these cards will be ideal for your needs.

For expenditures of $5,000 or more (there is a maximum), American Express Business Platinum cardholders receive 1.5X the points of those who use the card for business purposes (up to 1 million additional points per year). The additional points might be earned if you frequently need to make large purchases for your firm.

Accepted offer

Using the Amex Platinum card, you may be eligible for a substantial welcome bonus. In the first six months, you may earn 100,000 Membership Rewards points by spending $6,000 on eligible purchases. Using Amex Travel, you may earn a considerable quantity of extra points that can be used for travel.

The Amex Business Platinum card comes with a generous sign-up bonus, but you’ll have to spend a lot of money to get it. After spending $15,000 on qualifying purchases in the first three months of account opening, you will receive 120,000 Membership Rewards points. To qualify for the incentive, you may have to make some substantial company acquisitions.

A bonus of 35% for airlines

When you book a flight using points through the American Express Travel website using the Amex Business Platinum card, you get back 35 percent of your points (up to a maximum of 500,000 points per calendar year). There are several benefits to this points rebate if you regularly fly for business.

Fees

Both of these cards do not incur a foreign transaction fee, which might be helpful if you go abroad. When it comes to the yearly fee (terms apply), there is a slight difference: The American Express Platinum costs $695, while Amex Business Platinum costs $695.

In addition, there is a price difference when you add more authorized users. Amex Platinum cards have an authorized user fee of $175. It costs $300 to add an employee Business Platinum card to your Amex Business Platinum card account. Keep in mind that a business card comes at an additional fee.

Which card is the most suitable for you?

Choosing the right travel credit card is a personal decision based on your specific needs. If you have a lot of business expenses, often travel for work, and can easily spend enough to get the welcome bonus, the Amex Business Platinum card may be the correct choice for you.

With no business expenditures, the Amex Platinum would be a better option for a company credit card. The standard Amex Platinum card may be a better choice if you don’t expect to spend enough to get the perks of the business card if you operate a business. Also, have a look at the benefits and credits given by the Amex Platinum and Amex Business Platinum cards. Which one do you think you’ll utilize the most?

If you’re not going to use all of the card’s advantages, don’t sign up for a new one. Either way, sticking to a budget that you can afford to pay off in a month is a smart move. You might lose a lot of money if you keep a balance on these reward cards.

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