American Express Business Platinum is one of the premier credit cards for business owners, providing travel and purchase benefits that more than justify its high annual fee.
Included among these benefits are a welcome bonus of 120,000 Membership Rewards points, statement credits for Dell, Indeed and Adobe, and coverage for Global Entry/TSA PreCheck costs – these premium perks could save thousands each year!
1. Access to Thousands of Airport Lounges
The Amex Business Platinum Card is one of the premier travel cards available, offering an array of rewards and benefits that more than make up for its steep annual fee. Key highlights of this card’s perks include access to Global Lounge Collection membership (upon enrollment), free Global Entry/TSA PreCheck application reimbursement reimbursement, $200 annually towards incidental airline fees reimbursement reimbursement as well as multiple statement credits which cover key business expenses.
Amex Business Platinum Card also comes equipped with travel and purchase protection features designed to give business owners peace of mind when traveling and making purchases, such as offering damage or theft claims within 90 days – particularly useful when buying new equipment that needs to be used while traveling. All cardmembers also benefit from complimentary purchase protection against unauthorized or fraudulent charges and return/exchange protection – protecting businesses against charges made on their cards that were unintended, as well as return and exchange coverage.
While the card’s many perks are impressive, not all may prove equally valuable for all users. For instance, its Dell Technologies purchase credit of up to $200 annually requires advance registration; and some credits – such as Indeed credit and U.S. wireless service credit — may only prove valuable if used fully; other credits, like Global Entry/TSA PreCheck statement credit require enrollment before use.
American Express’ Business Platinum Card is among the more expensive business cards on the market, with an annual fee of $695. However, its benefits – airport lounge access and premium travel rewards – may help to offset that expense for many small business owners. If you are considering applying for this card, make sure to read its fine print carefully to take full advantage of all its perks without any unpleasant surprises later.
2. Travel Insurance
One of the key advantages of the Amex Business Platinum Card is its travel insurance protections, with up to $20,000 per card in trip cancellation and interruption coverage and $500 per covered trip in baggage loss or delay insurance (two claims every year). This makes the Amex Business Platinum Card one of the top cards out there if you regularly fly for business purposes.
This credit card also offers many additional premium travel benefits that could make it worthwhile for some travelers, too. These benefits include access to the Amex Global Lounge Collection which features exclusive American Express lounges as well as lounges from partner airlines and networks – a major advantage over business credit cards that only provide limited lounge access.
The Amex Business Platinum Card also offers you up to $200 annually in airline incidental fee credits on any airline of your choosing, providing up to $200 annually in incidental fee credits on this airline of your choosing. Select your airline before January each year; once chosen you may change it once each calendar year. Credit applies towards incidentals charged by this pre-selected carrier such as luggage fees, seating assignments, food and beverage purchases and mileage transfer fees; it does not cover award tickets upgrades gift cards or duty free purchases.
Amex Business Platinum Card also offers up to $150 annually in statement credits when paying with it for wireless phone services purchased directly from U.S. carriers – making this card stand out among others by giving cell phone rewards!
The Amex Business Platinum Card can earn 5 Membership Rewards points for every dollar spent on airfare or hotel stays booked through Amex Travel – making this card one of the best ways to maximize earnings potential on travel expenses for business-related travel expenses. Furthermore, eligible purchases made at U.S. construction material and hardware suppliers, electronics goods retailers, software and cloud system providers as well as shipping providers will earn 1.5 points per dollar spent – offering further opportunities to maximize earnings potential when making business-related travel expenses.
3. Earn 120,000 Membership Rewards Points
Amex Business Platinum Card stands out among premium business credit cards as one of the best choices for small-business owners, featuring benefits that could make its $695 annual fee (terms apply) worth it, including multiple statement credits and travel perks.
This card provides a sign-up bonus of 120,000 Membership Rewards points after spending $15,000 within three months on eligible purchases, such as quarterly estimated tax payments, inventory purchases and insurance premiums. These expenses could help you unlock this sign-up bonus!
This card’s travel perks include up to $200 annually in statement credits for airline incidentals and up to $100 annually in statements credits for Global Entry or TSA PreCheck applications. Furthermore, Hilton and Marriott hotel benefits such as free breakfast, room upgrades and elite status can also be enjoyed with this card. You may transfer points between Hilton and Marriott hotels without negatively affecting your Hilton Honors status; in addition, its flexible rewards program provides various redemption options.
Business owners likely spend money on more than travel and accommodation alone, so selecting a credit card that offers maximum potential for reward earnings on these purchases is crucial to earning rewards on them. The Amex Business Platinum Card offers multiple ways of doing just this – up to 2x points at US supermarkets on annual spend up to $50,000 before switching over to 1x points; 3x points at gas stations; as well as offering valuable card benefits such as primary auto rental coverage, cell phone protection and extended warranty purchase protection.
Membership Rewards points can provide incredible value by redeeming them through American Express Travel or transferring them to Amex’s 21 airline and hotel partners – often offering transfer bonuses that make this strategy even more worthwhile!
Membership Rewards points can also be redeemed for merchandise and gift cards, although please keep in mind that redemptions typically provide less than 1 cent in value per point. Furthermore, your points can be invested by using them towards purchasing select products and services offered through Amex Direct.
4. Flexibility
The Amex Business Platinum Card offers businesses numerous travel and purchase benefits designed to save them money, such as trip delay/cancellation insurance, car rental insurance and baggage coverage. Furthermore, this card comes equipped with several statement credits and credit protection features which could add up to over $1400 worth of value each year.
American Express also offers a flexible points program, enabling cardholders to redeem rewards for airfare, hotels and other purchases with participating airlines and hotel partners. 16 airlines and three hotel partners currently offer redemption opportunities through this card; points may be transferred 1:1 into their programs while cardholders can even earn a 5% bonus when transferred rewards are transferred over.
Cardholders can take advantage of premium travel perks and services, including airport lounge access and business concierge. In addition, they can receive an annual credit towards CLEAR airport security lanes (allowing expedited entry at select U.S. airports and stadiums), Dell business products and services credits and spending alerts through American Express Mobile app – making their card an indispensable resource.
Although this card carries a high $695 annual fee, it could still prove beneficial to businesses if their travel-related expenses exceed that amount. With welcome offers and ongoing rewards along with other perks and benefits available to users in its first year, its initial investment may more than make up for itself in terms of savings and advantages.
Amex Business Platinum card stands out as a premium option for small business owners and entrepreneurs, boasting impressive earning rates and offering many perks and benefits that will offset its high annual fee – such as earning 120,000 Membership Rewards points after spending $15,000. Cardholders also enjoy valuable perks and benefits such as premium travel benefits and generous credit card statement credits; perfect for frequent travelers as it also grants access to airline lounges!