American Express® Business Platinum Card
The Amex Business Platinum Card offers no preset spending limit, exclusive travel perks, substantial rewards, and premium services for growing companies. Annual fee applies.
The American Express® Business Platinum Card stands out for businesses in Canada and the US seeking highly flexible spending limits and robust rewards programs. This card features no preset spending limit, meaning spending power adapts dynamically based on your payment history, income, and account activity. The annual fee is $695, justifiable for companies that travel often or conduct significant business spending on flights and hotels.
How to Apply for the Amex Business Platinum Card
To apply, first ensure your business has a strong credit profile and some operating history. Prepare financial documents, including proof of revenue and your EIN or business identifier.
Complete the application form on the American Express website by submitting both business and personal information. Provide annual revenue, years in operation, owner identification, and any supporting docs to verify your eligibility.
After submitting your application, you’ll receive a decision—sometimes instantly, but complex situations may take longer as Amex reviews your documents. Approved applicants receive their card within days.
After your card arrives, activate it online and set up your account preferences for rewards, authorized users, and payment options. You can then start leveraging the premium benefits from day one.
Top Advantages
Frequent business travellers will appreciate access to over 1,400 airport lounges worldwide, and generous 5X Membership Rewards points on flights and prepaid hotels booked through Amex Travel.
Beyond travel perks, the card’s concierge service is a real asset for booking hotels, flights, and events, and helps with business planning by offering exclusive end-to-end support.
Possible Drawbacks
The $695 annual fee is quite significant, so businesses that do not travel often may not capture enough rewards value to offset the cost.
Some may also find the application process requires substantial documentation, especially for newer businesses relying on the owner’s credit history and finances.
Verdict: Is the Amex Business Platinum Worth It?
If your business regularly invests in travel or significant purchases, the Amex Business Platinum Card is a premium option. The adaptable spending limit and best-in-class travel perks truly separate it from standard business cards.
However, if your company has modest or local-only expenses, it may be wise to consider a lower-fee alternative to maximize net value. Overall, this card is a strong fit for established, growth-focused businesses seeking the best the market has to offer.
