American Express Platinum Business Card
Highlights
- Receive 350,000 bonus Membership Rewards points when you apply by 5 November 2024, are approved, and spend $12,000 on your card within the first 3 months. New American Express Card Members only.
- Earn up to 2.25 pts per $1 spent.
- Get exclusive Platinum travel, experience, and dining privileges.
Pros and cons
Pros
Cons
History
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can add 99 additional cardholders to your account for employees. The account holder will be responsible for keeping the account in good standing.
- Digital wallets. You can use this card with Apple Pay, Google Pay, and Samsung Pay.
- Gambling transactions. This card cannot be used for gambling transactions.
Rewards and benefits
- Complimentary travel insurance. This card comes with complimentary international travel insurance. The cover is offered for cardholders' personal and business-related trips. The definition of personal trips covers business trips taken on a short-term basis and will be subject to medical and terrorist exclusions. To activate the insurance, the cardholder must have used the card to pay for the travel expenses. Cover includes travel emergency medical insurance, rental vehicle loss damage waiver cover up to $125,000, personal third-party liability covers up to $3,000,000, and travel cancellation covers up to $30,000.
- Concierge services. The American Express Platinum Business Card does not offer Concierge service.
- Hotel status. Get gold status with Marriott Bonvoy, Hilton Honors, and Premium status at Radisson Hotel Group. The benefits of being gold vary between hotels, but typically you can expect early check-in / late check-out, complimentary breakfast, and room upgrades (if possible).
- Lounge access. Cardholders have access to more than 1,400 lounges globally, including access to The Centurion® Lounge, The Centurion Lounge, Priority Pass Lounges, and Virgin Australia domestic lounges when flying Virgin Australia.
- Rewards points. Use the American Express Platinum Business Card to earn 2.25 Membership Rewards points per $1 spent on eligible transactions. Cash advances do not earn rewards points. ATO and other government spend also earn points, but at the reduced rate of 1 point per $1 spent.
- Sign-up bonus. Receive 350,000 bonus Membership Rewards points when you apply by 5 November 2024, are approved, and spend $12,000 on your card within the first 3 months. New American Express Card Members only.
Rates and fees
- Annual fee. The annual fee on this card is $1,750 p.a.
- Balance transfers. There is no balance transfer offer on this card at this time.
- Foreign exchange fee. All purchases made in a foreign currency will encounter a 3% foreign transaction fee.
- Interest-free period. Extend your cash flow by up to 55 days interest-free.
- Purchases. This is a charge card with no preset limit, meaning there is no interest in purchases. The balance must be cleared every statement and cannot be carried over.
Reviewed by Nilooka Dissanayake
Writer
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Very good reward scheme when I can use it
Reviewed by Charles Wells
The card has an excellent reward scheme, but it is frustrating that so many organisations do not offer its use, or put a heavy surcharge on its use. The statements are clear and provide separate purchases for each card holder attached to your account which is good. The website is easy to use, and comprehensive in its coverage.
Love my platinum AmEx
Reviewed by Mary
I have had a Gold AmEx for 20 years which is great and last year added a Platinum which I use more. I enjoy it and use it for most business and personal expenses and the only downfall is that I cannot use in Aldi and some restaurants and retail outlets.
Very satisfied with the card
Reviewed by Abhijit
The card has lots of cashback offers for household appliances. You can get rewards points if you spend a specific amount in the 1st transaction. Many online offers in the US but very less offers in the Asia Pacific region. Wish we had more offers in the Asia Pacific region
Very pleased
Reviewed by Shahin
I like this card because it is very easy to use. It has a low interest rate and I receive my statement in due time. The card also reminds me when I am due for payment. It has a good and easy reward program. I can easily increase my daily limit if I need to.
Great for travelling
Reviewed by Joe
The card provides the best points that can be used for travel, and It provides good travel Insurance. It is recognised all over the world.
The annual fee is expensive, however.
If the card deteriorates and needs to be replaced before the scheduled renewal, a new card with a different number will be issued. This is a hassle because all scheduled payments have to be changed.
Unmatched level of service
Reviewed by Raymond
The advantage of American Express is, if you have an issue with a purchase they take it off your account and they deal with it. The other banks don’t give this service. I never have to take breath to see if a charge goes through. It always works. Thank you AmEx.
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