The Business Platinum Card from American Express®
Card highlights
Welcome bonus
Anniversary bonus
Annual credits
Annual fee
Ratehub’s review
Natasha Macmillan
The American Express Business Platinum card is a premium card for businesses that would like to cover travel expenses with credit card points. The more you spend with this card, the better you will be rewarded- especially with its welcome bonus. Be aware that while the card does offer 55 interest-free days and flexible payment options, missed payments can result in steep interest rate increases.
Pros
- Straightforward points earnings: earn 1.25 Amex points per dollar spent, regardless of the category
- Valuable points: Amex points are extremely valuable, especially for travel – you can get free hotel stays or car rentals for employees
- Add up to 99 cards for $0 annually
Cons
- Points are less valuable for some categories: For non-travel redemptions like statement credits, points are worth less. The card might not make sense if you are looking to reduce your credit card bill with cash back redemptions
- High annual fee: the $799 annual fee means you’ll have to spend a lot to get the best value from this card
Rewards & bonuses
See what you could earn based on how you spend.
Welcome bonus
Earn up to $800.
Earn 80,000 Membership Rewards® points after you charge $15,000 in net purchases to your Card in your first 3 months of Cardmembership
Anniversary bonus
Earn up to 40,000 points (a $400 value).
Earn 40,000 points when you make a purchase between 15 and 17 months of Cardmembership
Annual credits
Up to $200 in annual credits
$200 Annual Travel Credit
Earn rates
Caps apply where shown. Rewards are earned on eligible purchases only, see the card’s terms for full details. 100 points = $1.
Your earning potential
First year reward
Based on spending $2,200/mo after $799 annual fee
Second year reward
Based on spending $2,200/mo after $799 annual fee
These numbers are based on estimations and the calculation breakdown below.
Adjust your spending
First year reward†
- If you spend $2,200/month, you’ll earn
- Welcome bonusnot met
- Annual credits
- Annual fee
- First year reward
Second year reward†
- If you spend $2,200/month, you’ll earn
- Anniversary bonus
- Annual credits
- Annual fee
- Second year reward
† Estimate calculated by Ratehub.ca and is based on current offers and a monthly spend of $2,200. It is for illustrative purposes only.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Included | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Not included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | Included | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Included | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Included | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Included | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Included | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Included | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Included | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Included | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Included | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Included | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | Included | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $799
Rates
- Purchase interest
- N/A
- Balance transfer rate
- N/A
- Cash advance rate
- N/A
Type
- Provider
- American Express
- Card type
- Travel
- Payment network
- American Express
Eligibility
- Minimum personal income
- N/A
- Minimum household income
- N/A
- Minimum credit score
- 725+