domoyega/Getty Images

Is the updated Amex Business Platinum the best business card available?

This card delivers top-shelf rewards and benefits for business owners who charge travel and everyday spending


The Amex Business Platinum Card has some updated features for 2022, including expanded rewards and valuable fee credits. This card could be worth it if you regularly spend on business travel.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

If you run a business, opening a business credit card could make sense for managing cash flow. At the same time, you could pick up some valuable rewards or enjoy some premium benefits.

The Business Platinum Card® from American Express is designed to deliver top-shelf rewards and benefits for business owners who charge travel or everyday spending. It rates as one of the best small business rewards credit cards, leading the luxury travel perks category.

This card could be a good fit for your business – if you’re comfortable paying a higher annual fee. Here’s a closer look at the Amex Business Platinum Card benefits and features to help you decide if it’s worth it.

American Express Business Platinum card’s benefits in 2022

With the updated American Express Business Platinum benefits in 2022, cardmembers have new benefits worth up to $1,000 a year, like:

  • Dell statement credit from $200 to $400 per year
  • $90 per quarter statement credit for Indeed and recruiting services
  • $150 annual statement credit on select Adobe purchases, including Adobe Creative Cloud and Acrobat Pro DC with e-sign
  • $120 annual statement credit for purchases made directly with any U.S. wireless telephone provider, up to $10 per month
  • Charges over $5,000 also earn 1.5X points, and all other purchases earn 1X points
  • Up to $189 annual statement credit for CLEAR® membership

Aside from statement credits, the Amex Business Platinum Card updated its rewards program. You can now earn 1.5X Membership Rewards points on purchases, up to $2 million per calendar year, in these new categories:

  • Electronics goods, retailers, software and cloud service providers
  • U.S. Construction materials and hardware suppliers
  • Shipping providers

Furthermore, cardmembers enjoy some existing benefits, including:

  • 5X points on flights and prepaid hotels booked through
  • $200 annual airline fee credit for incidental fees at one qualifying airline
  • 35% points back when you use Pay with Points to purchase all or part of airline fares with American Express Travel (up to 1 million points back per calendar year)
  • Cell phone protection of up to $800 per claim for two approved claims per 12-month period
  • Up to $100 credit toward Global Entry or $85 for TSA PreCheck every five years

Payment flexibility with Pay Over Time

As far as travel benefits go, cardmembers still have premium airport lounge access, though you now have access to more airport lounges worldwide. The American Express Global Lounge Collection includes more than 1,200 airport lounges in more than 500 airports and 130 countries worldwide.

If you prefer to fly privately, you can get a 20% discount on Wheels Up Connect and a 40% discount on Wheels Up Core memberships. You can also get a $500 or $2,000 credit added to your Wheels Up account to use toward an initial flight within the first year of membership.

Amex Business Platinum benefits also include Global Dining Access by Resy. This feature lets you book exclusive reservations at some of the top restaurants around the globe. You can also get other extras, such as VIP status. All of these updated benefits are things you may not get with a personal or corporate credit card.

The Amex Business Platinum Card vs. other business cards

The Business Platinum Card from American Express could be ideal if you regularly spend on business travel or you want to take advantage of the card’s wide variety of features.

Here’s how the Business Platinum Card from American Express compares to similar business credit cards.

Business CardIntroductory BonusRewards RateAnnual FeeAverage yearly rewards value
The Business Platinum Card® from American Express
  • 120,000 Membership Rewards points if you spend $15,000 in the first 3 months
  • Terms apply
  • 5X points on flights and prepaid hotels booked through
  • 1.5X points on purchases over $5,000 in select business categories
  • 1X points on all other purchases
  • Terms apply
CitiBusiness® / AAdvantage® Platinum Select® Mastercard®*65,000 AAdvantage miles if you spend $4,000 in first 4 months
  • 2X miles at telecommunications merchants, cable and satellite providers, car rental merchants and gas stations
  • 2X miles on eligible American Airlines purchases
  • 1X miles on other purchases
$99 (waived first 12 months)$1,352
Ink Business Preferred® Credit Card100,000 points if you spend $15,000 in the first 3 months
  • 3X points on travel, shipping, internet, cable, phone services and advertising purchases (on first $150,000 in combined purchases yearly)
  • 1X points on other purchases
Southwest® Rapid Rewards® Premier Business Credit Card*60,000 points if you spend $3,000 in the first 3 months
  • 3X points on Southwest Airlines purchases
  • 2X points on Rapid Rewards hotel and car rental purchases
  • 2X points on local transit and commuting, including ridesharing services
  • 1X points on other purchases
$99, applied to first billing statement$1,681
Delta SkyMiles® Reserve Business American Express CardEarn 60,000 bonus miles after spending $4,000 in the first 3 months
  • 3X miles on purchases made directly with Delta
  • 1.5X miles on eligible purchases after you spend $150,000 on non-Delta purchases in a calendar year
  • 1X miles on other eligible purchases

Is the American Express Business Platinum Card the best business card?

Whether the American Express Business Platinum Card is the best business rewards card depends on how your business spends. If you frequently spend on flights and hotels, you might appreciate the 5X points on those purchases. The introductory welcome bonus is also quite generous compared to other business rewards cards.

On the other hand, if you don’t charge travel as often or you don’t think you’ll take full advantage of this card’s features and benefits, then the annual fee may not be worth it to you. As you consider applying for the Amex Business Platinum Card, here are a few things to keep in mind.

Intro bonus

The Amex Business Platinum Card offers the largest introductory welcome bonus of the business rewards cards compared above. The trade-off, of course, is that you’ll have to spend $15,000 in purchases during the first three months to qualify for the bonus.

But that’s on par with the minimum spending requirement for the Ink Business Preferred Card, which offers a 100,000-point welcome bonus. So consider your typical spending habits to see if the Amex Business Platinum Card is within reach.

If you spend $5,000 per month on average already, you may find it relatively easy to qualify for the introductory bonus. If you don’t spend that much, you may want to consider a card with a lower sign-up bonus spending requirement.

Rewards rate

As far as travel rewards go, the Amex Business Platinum Card excels for earning points on flights. With the Delta SkyMiles Reserve Business American Express Card and the Southwest Rapid Rewards Premier Business Credit Card, you’re only earning 3X miles, which only apply to flights booked with Delta or Southwest, respectively.

However, the Amex Business Platinum Card earns 5X points on flights and hotels booked through AmexTravel, so you have more flexibility when it comes to choosing which airlines or hotels you want.

Some cards may offer a higher rewards rate on everyday purchases, however. For example, the Ink Business Preferred Card offers 3X points on shipping, cable, internet service, phone services and travel, up to the first $150,000 in combined purchases each year. If those expense categories make up a big part of your budget, you might appreciate a card that pays you a higher rewards rate on those purchases.

Annual fee

The Amex Business Platinum Card has the highest annual fee overall than the other business rewards cards mentioned here.

So is the annual fee worth it? Again, it depends on how you spend. If you’re regularly taking advantage of the various statement credits this card offers, then that could cancel out the fee and then some. And the more you spend on travel, the faster you could earn back the fee in rewards value.

But you may prefer a card with a lower annual fee if you’re trying to trim costs. However, it’s important to remember that a lower annual fee may also mean fewer features and benefits.

Operational costs

In terms of helping you manage operational costs, the Amex Business Platinum Card offers benefits that other cards do not. For example, you won’t find Dell, Indeed, Adobe or cell phone credits with the other cards mentioned here.

While some of the cards included here offer airline fee credits or credits toward Global Entry or TSA PreCheck, those are travel-focused. If you want a card that can save you money on the cost of doing business, then the American Express Platinum Business Card fits the bill.

Travel benefits

American Express Business Platinum travel benefits are some of the best around if you’re looking for a luxury travel experience. Airport lounge access alone sets it apart, as that’s something you won’t find with every business rewards card. The $200 airline fee credit also enhances the card’s value, as does the opportunity to get up to 35% of your points back each year when you pay with points for travel.

Aside from that, you also get travel benefits such as Marriott Bonvoy Gold Elite Status, Hilton Honors Gold Status and the Fine Hotels + Resorts program. Then there are the fee credits for Clear membership and Global Entry or TSA PreCheck.

Bottom line

Should you get a business credit card? The Amex Business Platinum Card appeals to business owners who spend heavily on travel and want to enjoy an extensive range of benefits with a rewards card. It can also offer more purchasing power if you’re looking for a high-limit business card option. Calculating your estimated annual spending can help you determine what you might earn in rewards each year with this card. That can help you decide if the Amex Business Platinum is best suited to your business’ needs.

*All information about the CitiBusiness® / AAdvantage® Platinum Select® Mastercard® and Southwest® Rapid Rewards® Premier Business Credit Card has been collected independently by The issuer did not provide the content, nor is it responsible for its accuracy.

Frequently Asked Questions

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

Credit Card Rate Report
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more