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Is the updated Business Platinum Card from American Express the best business card available?

Summary

See how The Business Platinum Card from American Express stacks up against similar premium business credit cards.

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If you’re a business owner who wants to be rewarded for company purchases and business travel with bonus points and lavish travel perks, a premium business rewards card is the way to go. There are currently several business credit cards on the market that offer generous introductory bonuses and luxurious benefits.

For example – along with offering up to 75,000 bonus points – the recently updated Business Platinum Card from American Express offers 5 points per dollar on flights and prepaid hotels on amextravel.com, 2 points per dollar on travel purchased through the American Express website and 1 point per dollar on everything else. Additionally, cardholders who enroll between Feb. 15 and Dec. 31 will receive free access to WeWork for a year, as well as up to $200 in Dell statement credits each year.

Comparing business rewards cards

While the Business Platinum card from American Express is ideal if you spend a large amount on business travel annually, you may prefer a card that offers a bonus rate on business expenses, such as the CitiBusiness/AAdvantage Platinum Select World Mastercard, which offers 2 miles per dollar on telecommunications. Or, you may want a card with a lower annual fee, like the UnitedSM Explorer Business Card, which waives the $95 annual fee the first year.

See how the Business Platinum card from American Express compares to similar business credit cards in the table below.

Premium business credit cards

Introductory bonusRewards rateAnnual feeAverage yearly rewards value ($4,000 monthly spend)
The Business Platinum® Card from American ExpressUp to 75,000 points:

  • 50,000 points if you spend $10,000 in first 3 months
  • Another 25,000 points if you spend additional $10,000 in first 3 months
  • Terms apply
  • 5 points per dollar on flights and prepaid hotels on amextravel.com
  • 2 points per dollar on travel purchased through the American Express website
  • 1.5 points per dollar on purchases greater than $5,000
  • 1 point per dollar on other purchases
  • Terms apply
$595$2,777
Starwood Preferred Guest® Business Credit Card from American Express
  • 75,000 points if you spend $3,000 in first 3 months
  • Terms apply
  • 6 points per dollar at participating SPG and Marriott hotels
  • 4 points per dollar at U.S. restaurants, U.S. gas stations, wireless phone services purchased directly from U.S. service providers and U.S. shipping purchases
  • 2 points per dollar on other purchases
  • Terms apply
$95, $0 first year$1,315
CitiBusiness®/AAdvantage® Platinum Select® World Mastercard®Up to 60,000 points:

  • 50,000 AAdvantage® miles if you spend $3,000 in first 3 months
  • 10,000 additional AAdvantage® miles if you spend $10,000 in first 12 months
  • 2 miles per dollar at telecommunications merchants, cable and satellite providers, car rental merchants and gas station
  • 2 miles per dollar on eligible American Airlines purchases
  • 1 mile per dollar on other purchases
$99, $0 first year$1,626
Ink Business PreferredSM Credit Card80,000 points if you spend $5,000 in first 3 months
  • 3 points per dollar on travel, shipping, internet, cable, phone services and advertising purchases (on first $150,000 in combined purchases yearly)
  • 1 point per dollar on other purchases
$95$918
UnitedSM Explorer Business Card75,000 miles if you spend $5,000 in first 3 months
  • 2 miles per dollar at restaurants, gas stations and office supply stores
  • 2 miles per dollar on United purchases
  • 1 mile per dollar on other purchases
$95, $0 first year$1,158
Southwest Rapid Rewards® Premier Business Credit Card60,000 points if you spend $3,000 in first 3 months
  • 2 points per dollar on Southwest purchases and Rapid Rewards hotel and car rental partner purchases
  • 1 point per dollar on other purchases
$99$605
Delta Reserve for Business Credit Card
  • 80,000 miles and 5,000 Medallion Qualifying Miles (MQMs) if you spend $6,000 in first 3 months
  • Offer ends July 2, 2019
  • Terms apply
  • 2 miles per dollar on purchases made directly with Delta
  • 1 mile per dollar on other purchases
  • Terms apply
$450$1,957
Marriott Rewards® Premier Plus Business credit card75,000 points if you spend $3,000 in first 3 months
  • 6 points per dollar at participating Marriott and SPG hotels
  • 4 points per dollar on gas station, restaurant, shipping, internet, cable and phone service purchases
  • 2 points per dollar on other purchases
$99$1,330

Which card is best?

Before deciding which card is right for you, there are several things to consider: Does the card offer a generous introductory bonus? Is the annual fee affordable? Are the bonus rewards compatible with your spending habits? Here are a few things to consider if:

You want to earn the highest yearly rewards value

If you want to squeeze the most rewards value from a business card, the American Express Business Platinum card is your best bet. By our estimates, the average business owner who charges $4,000 per month can get more than $2,200 in rewards value from the card annually.

You travel frequently for work

If you are a business owner who travels frequently, the American Express Business Platinum card is a great option. Along with offering a generous rewards rate of 5 points per dollar on flights and prepaid hotels booked through amextravel.com, the card offers 2 points per dollar on travel purchased through the American Express website and 1 point per dollar on everything else.

The card also offers several travel-related perks, including a $100 hotel credit, a $200 airline fee credit, a global entry/TSA Precheck credit and complimentary Hilton Honors Gold status and Starwood Gold Elite status.

You want to test out the card with no obligation

While the Amex Business Platinum card comes with several valuable benefits, it also has the highest annual fee among these cards – $595. If you aren’t ready to commit to that amount upfront, you’ll want to choose a card that waives the annual fee during the first year, like the CitiBusiness/AAdvantage Platinum Select World Mastercard, the United Explorer Business card or the Starwood Preferred Guest card. This will allow you to test out the card for free for one year.

An added bonus: Along with not charging an annual fee the first year, the Starwood Preferred Guest card also requires a low threshold to earn the introductory bonus. Cardholders only need to spend $3,000 in the first three months to receive the 75,000-point bonus.

You want to earn a bonus on business operational costs 

If you want to earn bonus rewards on everyday business expenses, such as phone, internet, dining and gas, there are several cards to choose from. For example, the Ink Business Preferred card offers 3 points per dollar on travel, shipping, internet, cable, phone services and advertising purchases (on $150,000 in combined purchases yearly), while the Starwood and Marriott cards offer 4 points per dollar on U.S. gas stations, U.S. restaurants, internet, cable,  phone services purchased directly from U.S. service providers and U.S. shipping purchases.

If you are a business owner who rents shared workspaces, the Amex Business Platinum card may be worthwhile thanks to a recently added benefit. As of February 2019, cardholders will receive free access to WeWork, a global network of workspaces, for a year – which American Express values at $2,700.

How about an American Express® Business Gold Card instead?

If you want the perks that come with owning an American Express card but aren’t ready to shell out a $595 annual fee for the Platinum card, the Amex Business Gold card is an option. The card, which charges $295 annually, gives cardholders 4 points per dollar on the top two categories where their businesses spend the most each month, on the first $150,000 each calendar year.

The bonus rate is offered in the following spend categories:

  • Airfare purchased directly from airlines
  • U.S. purchases at restaurants
  • U.S. purchases for advertising in select media (online, TV and radio)
  • U.S. purchases at gas stations
  • U.S. purchases made directly from select technology providers of computer hardware, software and cloud solutions
  • U.S. purchases for shipping

Additionally, the Business Gold card offers up to one year of G Suite Basic for three users and up to one year of ZipRecruiter Standard – which, according to American Express, have a combined value of up to $3,188.

See related: The Business Platium Card from American Express adds benefits, ups annual fee, Earn 75K bonus points with The Business Platinum Card from American Express

What’s up next?

In Products

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Extra benefits can boost the overall value of a business rewards card.

Published: February 4, 2019

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