American Express
Earn premium rewards, enjoy no preset spending limit, and gain access to global travel perks. Annual fee applies. Designed for growing businesses with major purchase needs.
The American Express Business Platinum Card is designed for businesses seeking flexibility, exceptional travel rewards, and high spending power. With no preset spending limit, this card dynamically adjusts your purchasing power based on factors like payment history, income, and spending patterns. This flexibility is ideal for growing companies with significant expenses and fluctuating monthly costs.
Interest rates apply to carried balances, though the card encourages full monthly repayment. The annual fee is $695, but frequent travellers and firms that maximize the many statement credits and rewards often offset this cost through benefits like airport lounge access, credits, and insurance coverage. Eligibility is stronger for businesses with solid revenue and positive credit profiles.
How to Apply: Step by Step Guide
- Ensure your business has a strong credit profile and steady cash flow.
- Gather key documents: business registration, financial statements, EIN, and owner’s credit info.
- Visit the American Express website and fill out the application for the Business Platinum Card.
- Submit required documents and personal guarantees if needed.
- Wait for approval—usually a quick online decision—then receive your card and start spending.
Top Advantages: Convenient Spending and Travel Perks
Businesses benefit from global airport lounge access, elite status with airlines and hotels, and comprehensive travel insurance. Companies also earn up to 5x points on travel purchases, and can access concierge support for bookings, upgrades, and arrangements. The flexible credit line scales with your success, supporting major expansions or seasonal spikes.
Possible Downsides: Annual Costs and Requirements
The high annual fee may deter those who rarely travel. Approval standards are also strict: new companies or business owners with thin credit histories might face hurdles. Additionally, sophisticated rewards can be overwhelming for firms seeking simple cashback without extra benefits.
Final Verdict: Powerful For Growing, Travel-Focused Businesses
If your business manages frequent travel, large-scale purchases, or complex expenses, the American Express Business Platinum Card is a compelling choice with robust flexibility and rewards. For firms that maximize its features, the value far exceeds the fee—making it a wise investment for the right company profile.
