Amex Business Platinum Card Review: Key Features and Benefits
Author & Date:
- Written by: Geo
- Published on: October 22, 2024
Non-affiliate Disclosure
All details about this card have been independently collected by US Credit Card Guide and have not been endorsed or reviewed by the issuer.
Amex Business Platinum Card Latest Updates
October 2024 Update: A new batch of stable links for a 250k offer has surfaced. Links are provided by users from the US Card Forum. For application links, see below.
May 2024 Update: The 300k offer has expired quickly. A 250k offer remains, which you may need incognito mode to view.
April 2024 Update: A 300k offer is available with a spending requirement of $20k within 3 months, though it’s challenging to locate. Additionally, there’s a 250k offer (spending requirement $25k in 3 months) more accessible for applicants. For more details, refer to Danny Deal Guru and Doctor of Credit.
Application Link
Benefits of the Amex Business Platinum Card
- 250k Offer: Earn 250,000 Membership Rewards (MR) points after spending $15,000 in the first three months. The recent best offer is 300k points.
- Membership Rewards Valuation: MR points are valued at approximately 1.6 cents per point. The highest 300k sign-up bonus translates to a value of about $4,800.
- Travel Rewards: Earn 5x MR points for flights or hotels booked directly with AMEX Travel. Additionally, earn 1 MR point for every $1 spent on other purchases.
- Additional MR Points: Earn 1.5 MR points per dollar on qualifying purchases of $5,000 or more, up to 1 million additional points annually.
- 35% MR Rebate: Receive a 35% MR rebate when booking travel with your chosen airline or a first/business class ticket on any airline, up to 1 million MR points per year.
- Variety of Credits: The card offers varied credits for expenses, detailed below.
- Airport Lounge Access: Complimentary access to several airport lounges, including Centurion Lounges and Priority Pass Select.
- Hotel Elite Status: Complimentary Marriott Bonvoy Gold and Hilton Gold Status.
- Car Rental Privileges: Complimentary membership for Avis, Hertz, and National.
- Additional Perks: Access to Fine Hotels and Resorts program, concierge service, and cellphone protection.
Varied Credits Include:
- $200 Airline Fee Credit: For incidental charges annually.
- $400 Dell Credit: Available in two $200 segments throughout the year.
- $120 Wireless Credit: Allocated at $10 monthly.
- $360 Indeed Credit: $90 credited quarterly.
- $150 Adobe Credit: Annual credit for the prepaid plan.
- $100 Global Entry Credit: Covers Global Entry or TSA Precheck fees.
- $179 Clear Credit: Equivalent to Clear’s annual membership fee.
Disadvantages
- Annual Fee: $695, not waived for the first year.
- Additional Card Fee: $300 for up to three additional Platinum Cards.
Introduction to MR Points
- Earnings: MR points can be earned across various Amex cards.
- Redemption Value: MR points can be transferred to numerous airlines for redemption, with values around 1.6 cents per point.
- Cash Out Options: For those with the Amex Platinum for Schwab, MR can be cashed out at 1.1 cents/point; without, it’s 0.6 cents/point.
Recommended Application Strategy
- Timing: Wait for the optimal offer, as sign-up offers are a one-time opportunity.
- Credit History: Maintain at least six months of credit history before applying.
- Maximizing Credits: Apply in December to potentially claim the $200 airline credit three times with one annual fee.
Summary
The Amex Business Platinum Card presents a robust offer, combining an attractive sign-up bonus with extensive travel and lifestyle benefits. With strategic utilization, including maximizing travel credits, the card’s annual fee can be offset by its rewards and privileges. The membership and lounge accesses extend notable value, particularly for frequent travelers.
For ongoing value, ensure you manage the credits effectively and understand the blend of benefits it offers. With strategic use, this card can offer significant perks, making it a worthy addition to your financial toolkit. Remember, participating actively by referring friends could earn you additional MR points, enhancing the card’s value further.
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