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Card Comparisons

The Platinum Card from American Express vs. The Business Platinum Card from American Express

Many benefits offered by the Amex Platinum and Business Platinum are the same – here’s how to decide which one is right for you

Summary

The Amex Platinum and the Amex Business Platinum may be similar in many aspects, but they target different types of cardholders.

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If you’re a small-business owner and you’re looking for a rewards credit card with premium travel benefits, The Platinum Card® from American Express and The Business Platinum Card® from American Express are two excellent options. How do you determine which one is better for you?

“You may not know it, but the capabilities of American Express business and personal cards are quite different,” an American Express spokesperson said. “American Express provides both business and consumer customers with distinct and powerful products and services for business and personal spending needs, respectively.”

Both cards offer substantial value but are designed with different kinds of cardholders in mind. Read on to compare and see which one is the right pick for you.

American Express Platinum vs. American Express Business Platinum

Card

The Platinum Card® from American Express

The Business Platinum Card® from American Express

Annual fee$695$595
Welcome bonus100,000 points if you spend $6,000 in the first six months

10 points per dollar on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. (on up to $25,000 in combined purchases) in first six months

100,000 Membership Rewards points when you spend $15,000 on eligible purchases within the first three months
Rewards5 points per dollar on flights booked directly with airlines or with American Express Travel (up to $500,000 on these purchases per calendar year)

5 points per dollar on eligible prepaid hotels booked with American Express Travel

1 point per dollar on general purchases

5 points per dollar on flights and prepaid hotels on amextravel.com

1.5 points per dollar on each eligible purchase of $5,000 or more

1 point per dollar on general purchases

Best forCardholders who value luxury travel and lifestyle benefitsSmall-business owners who travel frequently

Earning rewards

With these cards, you can earn American Express Membership Rewards points by scoring a welcome bonus and getting rewarded for purchases.

Rewards rates

The rewards rates on the Amex Platinum and its business counterpart are somewhat similar.

Both cards earn 5 points per dollar on airfare and prepaid hotel bookings. The only difference is, the Platinum card also earns this rate on flight bookings made directly with airlines, while the Business Platinum gives 5 points per dollar only for travel booked through the Amex portal.

Next, the Business Platinum earns a little extra on large purchases – 1.5 points per dollar on purchases of $5,000 or more. As some small-business owners may make large transactions regularly, this can be a nice rewards boost.

Welcome offers

Currently, both cards boast 100,000-point welcome offers, but with the Business Platinum you need to spend $15,000 within the first three months to reach it, while the Platinum only requires $6,000 in the first six months.

On top of that, the Platinum also offers 10 points per dollar on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. on up to $25,000 in combined purchases in the first six months. That’s 250,000 points if you reach the spending limit – or $2,500 in airfare booked with Amex.

Redeeming rewards

Whichever of the two cards you get, your points can take you far and offer great value. You’ll get the best redemption rates if you transfer your rewards to an Amex transfer partner, but spending them on flights via Amex Travel will also yield excellent value of 1 cent per point. Other redemption options are available, but your points will lose a lot of value if you choose to use them.

A unique feature of the Business Platinum card is the 35% airline bonus. It offers a 35% rebate of the points you use in the Amex Travel portal booking any flight directly with points on a preselected airline or business or first class on any airline (up to 500,000 points per calendar year).

Travel benefits

If premium benefits are what you’re after, the Amex Platinum is the clear winner. After recent changes to the card, the list of statement credits and luxury perks that card offers has gotten even longer:

  • Priority Pass Select membership
  • $240 digital entertainment credit (up to $20 in statement credits each month at eligible providers Peacock, Audible, SiriusXM and The New York Times, enrollment required)
  • $179 Clear annual statement credit for membership
  • $100 Global Entry or $85 TSA PreCheck credit every four years
  • Up to $200 airline fee credit (up to $200 in statement credits per calendar year for fees like baggage fees at one qualifying airline)
  • Up to $200 Uber Cash credit annually on U.S. rides and eats
  • Up to $200 hotel credit on prepaid Fine Hotels + Resorts or The Hotel Collection bookings
  • Up to $300 Equinox credit (up to $25 back each month on select Equinox memberships, enrollment required)
  • Up to $100 Saks Fifth Avenue credit ($50 twice a year, enrollment required)
  • Hilton Honors Gold status
  • Marriott Gold status
  • Uber VIP status
  • Premium Private Jet Program
  • Global Dining Access by Resy
  • Complimentary access to more than 1,300 airport lounges, including the Centurion lounges, Delta Sky Club, Airspace lounges and more – enrollment required

For the Platinum Business card, the list isn’t an expansive, but it also offers excellent value – and Amex has recently added a few new perks.

Here’s what the list includes:

  • $179 Clear annual statement credit for membership
  • $100 Global Entry or $85 TSA PreCheck credit every four years
  • Up to $200 airline fee credit (up to $200 in statement credits per calendar year for fees like baggage fees at one qualifying airline)
  • Up to $200 annual Dell Technologies credit (up to $100 in statement credits between January and June and up to $100 between July and December for U.S. purchases with Dell Technologies – enrollment required)
  • Hilton Honors Gold status
  • Marriott Gold status
  • Premium Private Jet Program
  • Global Dining Access by Resy
  • Complimentary access to over 1,300 airport lounges, including the Centurion lounges, Delta Sky Club, Airspace lounges and more

Additionally, the Amex Business Platinum offers benefits designed specifically for business owners, including employee cards, auto-expense categorization in QuickBooks, access to Vendor Pay by Bill.com, an option to add an account manager and more.

“While all our cards offer rewards to meet customers’ needs, a business card is built especially for businesses,” the Amex spokesperson told us. “The Business Platinum Card enables small and mid-size businesses to easily make B2B purchases to run their businesses, go on business trips, earn valuable rewards, save money on business expenses, manage cash flow, and experience superior servicing.”

Annual fee

After the recent makeover, the Platinum card has gotten a higher annual fee and now costs $695 per year. The Business Platinum, on the other hand, has kept the $595 annual fee even after receiving new benefits.

That said, if you’re able to take advantage of most statement credit benefits on the Amex Platinum, the fee more than justifies itself – even after the increase.

Which one is best for you?

As you can see, both the American Express Platinum and the American Express Business Platinum have plenty to offer. They can be a great choice for a business owner, but, at the same time, they’re fit for different types of cardholders.

Amex Business Platinum: Best for small-business owners who travel often

The Amex Business Platinum is a wonderful option for business owners who want a business credit card with travel rewards and perks, as well as business benefits.

It may not have as an attractive welcome bonus as the Amex Platinum or as long of a list of luxury perks, but it’s still an impressive product. Note, however, that it works best for heavy spenders who can easily meet the welcome bonus requirement and frequently take advantage of the 1.5% rate.

“Cardmembers can rely on the Business Platinum Card for leading travel benefits, business rewards and servicing,” the Amex spokesperson explained. “It allows business owners to separate their work purchases from personal ones, to better keep track of finances; makes it easier to track and report for business tax purposes [and] keeps business expenses off your personal credit report, which in time could help raise your personal credit score. It also extends some similar benefits to personal cards that also make sense for a business owner.”

Amex Platinum: Best for business owners looking for luxury travel benefits

Even though the Amex Platinum is a consumer credit card, it doesn’t mean a business owner won’t get great value out of it. If you travel for work often, this card can be an amazing companion providing premium travel benefits. On top of that, you’ll have access to over $1,400 in statement credits.

“Consumer Platinum Card Members love to travel and dine out, but they also appreciate the comforts of home,” Amex said. “The new Platinum Card celebrates everyday adventure when you’re at home or out and about.”

That said, this card isn’t designed for business owners specifically. For that reason, if benefits like employee cards and account management are essential to you, you might be better off with the business version of the card.

Bottom line

American Express offers some of the most desirable credit card products for various types of cardholders, including small-business owners.

The choice between the Amex Platinum and the Amex Business Platinum comes down to what’s more important for you in your next card: Value and business perks or luxury benefits that go beyond your business spending.

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.

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