American Express is at the forefront of offering the best credit cards for business and personal use. All American Express credit cards have rewards, encouraging the cardholder to use their credit cards for maximum benefits. One such credit card is the Platinum Card from American Express, one of the best premium cards in the market.
The Platinum Card from American Express is available for business use, making it a top selection, especially for small businesses. Although the Platinum Business Card carries a $695 annual fee, the benefits outweigh the steep annual fee charged on the card.
The Amex Business Platinum Card is most suitable for all types of businesses, whether on a large scale or a small scale. Therefore, any business owner can apply for and receive the Amex Business Platinum Card as long as they show proof of business ownership. The Platinum Card for Business is also a rewards credit card with excellent benefits and rewards for the cardholder.
The credit card is best suited for business owners who are frequent travelers or employees who make trips on behalf of the business. Therefore, many benefits, including unbeatable access to exclusive airport lounges and over $1,000 worth of statement credits every calendar year.
· The American Express Business Platinum Card carries the best rewards for frequent business travelers, including access to more than 1400 airport lounges worldwide
· The main difference between the Amex Platinum and Amex Business Platinum Card is that Amex Business is used exclusively for business owners
· The Business Platinum Card offers the best travel rewards and most welcome bonus points compared to other competing business credit cards
Pros and Cons
Like any other business credit card, the Business Platinum Card from American Express has pros and cons. However, to choose the best business credit card, the card should meet the business needs. The business card should have more pros than cons, and the cons should not limit the business’ expenditure.
Therefore, the list below highlights all the pros and cons a business owner will receive when using the American Express Business Platinum Card.
Pros of the Business Platinum Card from American Express
Some of the pros of the American Express Business Platinum Card include the following:
1. Amazing benefits
The Amex Business Platinum Card is a premium, high-value business card, especially for small business owners. The card offers premium rewards and benefits to cardholders, including statement credits worth over $1,000 per calendar year. Additionally, the benefits are geared toward key business categories, especially business travel and business purchases.
If a business owner adds an extra employee card, the cardholder will receive more rewards from the employee card. Aside from the benefits offered exclusively by the business card, cardholders enjoy access to Amex Offers, which have more premium benefits.
2. Redeeming points
The Business Platinum Card from American Express offers great options for cardholders to redeem points earned. The points’ value remains as high as the cardholder redeems points through retail or gift card redemptions. Usually, one point is valued at 0.5 cents to one cent after redemption, although the value may be higher.
For example, transferring points to airlines allows the cardholder to join airline loyalty programs and have up to two cents per point. Most airline or hotel partners of the business credit card offer a 1:1 transfer ratio, offering the cardholder the best point value.
3. Huge welcome bonus offer
The welcome bonus of the American Express Business Platinum Card is one of the highest among competing credit cards in the market. The welcome bonus stands at 120,000 Membership Rewards points, valued at over $2,000, after maximizing the Membership Rewards points fully. The cardholder should spend $15,000 on eligible purchases within the first three months to unlock the welcome bonus offered by the business card.
Although the amount seems too much for some small business owners to achieve within a short time, the bonus offer is worth it.
4. Huge travel rewards
The American Express Business Platinum Card is best known as a rewards credit card, mainly associated with travel. Therefore, business owners who make more business travels or book business flights for travel receive more Membership Rewards points. Additionally, cardholders will receive more statement credits around travel, including rewards on travel protection or hotel elite status.
Thus, the cardholder will enjoy complimentary access to more exclusive spaces during travel, including airport lounge access.
Cons of the Amex Business Platinum Card
Some of the cons of using the Amex Business Platinum Card include the following:
1. The high annual fee
The Platinum Card for business carries a steep annual fee of $695, more than other business credit cards. Adding an extra employee Amex Business Platinum Card also costs the business another $350 annual fee per card. However, the business or company usually foots the fees or interest charged on the business credit card.
Therefore, the only way to recover the annual fee is to fully maximize the business card to receive maximum rewards in statement credits. Also, the welcome bonus covers the annual fee for the first year due to the high value of the points earned in the bonus offer.
2. Limited categories
Although the cardholder receives maximum benefits and rewards on travel, the rewards are limited to other eligible purchases. Therefore, the cardholder will receive lesser points for making other purchases than when making purchases towards travel. Also, the rewards mainly center on travel, leaving out other key business categories, including restaurants.
However, side perks, such as statement credits on traveler programs like Global Entry, make the rewards program worth it.
3. Complicated rewards
First, due to the travel-oriented rewards, the Amex Business Platinum Card is not best suited for frequent business travelers. Also, the cardholder needs to spend big within a short period to receive the highly-coveted welcome bonus. On average, some small businesses cannot afford to spend $5,000 monthly on eligible purchases to receive the offer.
The business owner should meet the conditions and requirements set by American Express to receive the reward fully. For example, flights and prepaid hotels booked via Amex Travel earn the cardholder more Membership Rewards points than booking through third-party platforms.
4. Carrying a balance is not completely assured
The Business Platinum Card from American Express works more as a charge card than a traditional credit card. Thus, the card balance is paid in full at every monthly billing for all purchases made during the month. If the cardholder misses a payment, they can face up to a 30% penalty APR and their credit history is negatively affected.
The Pay Over Time plan allows cardholders to carry a balance on eligible purchases at a variable APR of 18.49% to 26.49%. The balance limit is set after you get the card, but it can be lower than the spending limit.
Amex Business Platinum Benefits
American Express has been voted one of the best financial institutions offering the best customer satisfaction. Therefore, anyone can count on American Express to provide the best business credit cards, including the premium Amex Business Platinum Card. The benefits of the Business Platinum Card are what business owners are attracted to when choosing their preferred credit card.
Therefore, the list below is a breakdown of all the credit card rewards a business owner will receive from the Business Platinum Card.
1. Earn Membership Rewards points
The American Express Business Platinum Card is a rewards credit card that offers Membership Rewards points to the cardholder. The cardholder will receive the points when they make eligible purchases from select business categories. Thus, the cardholder will earn points depending on the types of purchases made, with travel purchases having the most rewards.
Therefore, the more the cardholder spends on travel than anything else, the higher the Membership Rewards points the cardholder receives.
The Business Platinum Card from American Express offers 5X Membership Rewards points for any flights and prepaid hotels booked through Amex Travel. Therefore, the cardholder will receive five points per dollar spent on prepaid hotels and flights without booking through third-party platforms. There are no caps on the amount of money spent for flights or prepaid hotels made every calendar year.
That way, the cardholder is encouraged to book flights and prepaid hotels through the American Express Travel program. The cardholder will receive one point per dollar for all other eligible purchases made using the business card.
Cardholders will also earn 1.5X Membership Rewards points, an extra half point per dollar for other business categories. Cardholders will receive the points on eligible purchases made in the following categories:
· US hardware suppliers and construction material stores
· software and cloud system providers, including electronic goods retailers
· shipping providers
· all combined purchases made worth $5,000 or more everywhere else but up to $2 million per calendar year of such purchases
That way, cardholders will receive the best offers in different business categories to maximize points earned by the cardholder. Thus, the cardholder earns more than travel or travel-related purchases made using the Amex Business Platinum Card.
2. Huge welcome bonus
The welcome bonus is one of the best offers available to new cardholders upon account opening after meeting the requirements. New cardholders will receive the once-in-a-lifetime bonus offer of 120,000 Membership Rewards points. However, the cardholder must spend $15,000 on eligible purchases within the first three months of account opening to receive the bonus.
The 120,000 Membership Rewards points are estimated to be over $2,400 when redeemed at two cents per point. Therefore, the cardholder can recover the annual fee for several years from the welcome bonus alone.
However, the average $5,000 monthly is an uphill task for some small businesses to receive the bonus. Therefore, the business owner may utilize the card to make some prepaid expenses to cover the cost. For example, the cardholder may use the Business Platinum Card to cover insurance costs, make purchases for business supplies, and make tax payments.
That way, they can achieve their $5,000 goal and receive their bonus at the end of the three months through proper financial management. American Express has a policy for international shipping that offers a time frame that allows cardholders to receive the bonus in case of delayed supply.
3. Statement credits
The Business Platinum Card from American Express has one of the most valuable statement credits, worth over $1,000 every calendar year. A statement credit is a reward the credit card issuer offers to offset some of the credit balance paid back. Thus, the credit balance will be lowered since the cardholder will receive a statement credit after spending on a few categories.
Statement credits are useful to the cardholder since they save the business from extra expenses made on card balances every calendar year.
Below is a list of categories that receive statement credits every calendar year:
· Up to $400 statement credits every calendar year on US Dell purchases, with the cardholder receiving $200 every six months.
· The cardholder will receive up to $360 worth of an annual statement credit on all purchases made towards Indeed, at $90 every four months. The statement credit covers all hiring or recruiting products and services for posting open positions within the company.
· Cardholders earn $120 worth of statements credits, $10 per month, on purchases made towards US wireless telephone services.
· The cardholder will also receive annual airline fee credits worth $200 for one qualifying airline. The fee credit covers incidental fees such as baggage fees and refreshment purchases made during the flight. However, the airline fee credit does not cover the airfare since the incidental fees occur during the flight.
· The cardholder also receives a statement credit worth $150 after purchases on Adobe. The cardholder will receive the statement credit on eligible purchases made towards Acrobat Pro DC and Adobe Creative Cloud.
· The cardholder will also receive statement credits on traveler security programs such as CLEAR, Global Entry, and TSA PreCheck. Cardholders receive up to $189 statement credits for using the CLEAR airport security program. Global Entry and TSA PreCheck will offer the cardholder $100 every four years and $85 every 4.5 years of membership reimbursements, respectively.
· A statement credit worth $100 for booking prepaid hotels through The Hotel Collection is up for grabs by the cardholder. The cardholder must book a minimum two-night stay at select properties from The Hotel Collection. The benefit is an authorized user benefit, available only for Amex Business Platinum cardholders.
4. Hotel benefits
Cardholders will receive statement credits worth $100, among other gifts, after booking prepaid hotels through the Amex Fine Hotels Resorts program. The cardholder must book a minimum two-night stay at any select properties from the Fine Hotels Resorts properties. Therefore, the cardholder will receive extra benefits such as unlimited Wi-Fi, spa activities, late check-outs, and late check-ins.
Thus, the cardholder will receive extra gifts on top of the rewards offers for using the Fine Hotels Resorts program.
Additionally, the cardholder offers a complimentary elite status on some partnering hotels, such as the Hilton and Marriott Hotels. That means the cardholder will receive exclusive benefits from the hotel without requiring a co-branded credit card. However, the hotels will require the cardholder to achieve a few requirements to receive extra benefits and a boost in points.
Also, prior enrollment to the hotels is required to be legible for the gold elite status.
5. Lounge access
As the cardholder is traveling from place to place, the American Express Business Platinum Card will reward them with complimentary access to airport lounges. Although some airport lounges require prior enrollment, some require the cardholder to have the business card. For example, the exclusive American Express Business Lounges give complimentary access to Amex Business Platinum cardholders.
The cardholders only need to show their Business Platinum Card from American Express to gain entry, snacks, and unlimited Wi-Fi.
Other airport lounges, such as the Delta Sky Clubs, offer the cardholder access when flying Delta. Some of the other main airport lounges that Amex Business Platinum cardholders enjoy access to include the Centurion Lounge Network and Priority Pass Select Lounges. The cardholder can access more lounge location options from the American Express Global Lounge Collection program.
There are over 1300 airport lounge location options worldwide since the Amex Business Platinum Card is used globally.
6. Travel protection
Not only does the American Express Business Platinum Card offer credit card rewards for travel, but it also offers travel protection to its cardholders. Therefore, the cardholder’s safety, including the safety of their baggage, is catered for by American Express. Thus, American Express has partnered with the New Hampshire Insurance Company to cater to insurance coverage.
The New Hampshire Insurance Company will cover and investigate all claims to fully compensate the cardholder.
Car rental loss insurance
During travel, the cardholder will receive a primary on rental cars during travel and secondary coverage for car rental loss, theft, or damage. However, secondary coverage is only available in some select countries. To receive the insurance coverage, you should pay for the car rental fully using your business card.
For further assistance, contact the number on the back of your card to receive further instructions to receive the coverage.
Travel accident insurance
The Business Platinum Card also covers accidents faced by the cardholder during transit, on flights, or on cruises. Therefore, the cardholder will receive up to $500,000 worth of reimbursements in case of death or dismemberment during an accident. The cardholder is liable to receive insurance if they had the accident as a passenger, exiting or boarding the flight.
Also, the reimbursement is liable to cardholders who disappear, wreck, or sink while cruising at sea. The insurance is valid if the cardholder uses the business card to pay for the flight or dies within 100 days after the accident.
While using your American Express Business Platinum Card, the cardholder, the cardholder’s spouse, and a child under 23 years can receive baggage insurance. The cardholder must book the entire price of the flight using the business card to receive total coverage against baggage loss or damage. Therefore, the cardholder and other legible persons will receive $3,000 in reimbursements from American Express.
The reimbursements can cover carry-on, checked baggage, and other valuable products such as jewelry and electronics.
Other travel insurance forms include trip delay insurance, offered when a flight is delayed for more than six hours. Trip cancellation insurance and interruption insurance are also available to cover cardholders who cannot make it to their flights. Cardholders can receive up to $10,000 on trip cancellation and interruption reimbursements.
However, terms and conditions are applied for the cardholder to receive full reimbursements from the cover. Also, cardholders must pay for the flight fully using the Amex Business Platinum Card to receive insurance coverage.
American Express of insurance policies on purchases made by the Amex Business Platinum cardholder. First, all purchases made using the Business Platinum Card are liable for purchase protection within 90 days after purchase. The cardholder will receive up to reimbursements worth $10,000 per incident, with up to $50,000 in reimbursements per calendar year.
Also, cardholders will receive return protection for goods they wish to return but cannot be accepted by the merchant. The cardholder will receive $100 worth of reimbursements per item, with $1,000 of reimbursements per calendar year.
You can receive cell phone protection coverage if you use your business card monthly to pay your wireless phone bills. The insurance covers loss, damage, or theft on your cell phone, with up to $1600 for two claims every calendar year. Although each claim has a $50 deductible, the coverage is more than worth it to the cardholder.
However, terms and conditions are applied to receive the claims made to American Express concerning the coverage.
7. Extra benefits
The American Express Business Platinum Card offers the cardholder more benefits and rewards in bonus categories.
· Access to premium travel programs, including the Cruise Privilege Program and the Premium Private Jet Program, offers discounts on select purchases
· Lower fares while purchasing premium air tickets through the Amex International Airline Program for the cardholder and accompanying partner
· Upgrade during flights while paying with points on one select qualifying airline
· Cardholders will receive Global Dining Access by Resy to exclusive restaurants, including reservations and exclusive events from the best chefs
· A 35% rebate on Membership Rewards points is spent on purchasing first-class or business-class flights. Cardholders will receive more than 500,000 Membership Rewards points per calendar year
· American Express’s Secure Site offers security features for all American Express cardholders to monitor fraudulent activities. Thus, American Express will notify cardholders in case of suspicious activity, especially for premium card accounts like the American Express Business Platinum Card account
· Cardholders will receive Amex Offers that are available for all American Express cardholders. However, premium cards, like the American Express Business Platinum Card, have more frequent and better offers
Amex Platinum vs. Amex Business Platinum
The Amex Platinum Card is a personal credit card, while the American Express Business Platinum Card is restricted to business use only. Therefore, a business owner should show proof of business ownership to apply for the Business Platinum Card. The business owner also needs other requirements, including tax returns, during the credit card application.
However, the personal Platinum Card and Business Platinum Card have similarities and distinct differences.
Main Similarities Between Amex Platinum Cards and Amex Business Platinum Cards
The Amex Platinum Card and Amex Business Platinum Card each carry a $695 annual fee, one of the highest in the market. Also, both cards do not carry any transaction fees charged on the cards for making transactions globally. Both cards are charge cards with the Pay Over Time payment plans which work a bit differently due to the nature of the card.
Charge cards do not have a pre-set credit limit, and the credit balance is paid in full monthly. Therefore, the cardholders will pay back the balance over a longer period on eligible purchases using the payment plan.
The Amex Platinum Card allows cardholders to have additional cards, each with a $175 annual fee. The Platinum cardholder can have an additional Platinum Card or Amex Gold Card for up to three authorized users. The business owner can add employee cards from the primary Amex Business Platinum Card without an extra charge.
Employee cards are charged an annual fee of between $0 to $350 per additional credit card. Employers can choose up to five employee cards from the following options:
· Employee Amex Platinum Card charged at a $350 annual fee
· Employee Amex Gold Card charged a $45 annual fee
· Employee Amex Business Green Rewards Card charged at a $0 annual fee
The Platinum Card from American Express is a premium, high-value card for business and personal use. Thus, both cards require the applicants to have a good or excellent credit score, with a minimum of 700, before credit card application. Also, the individual or business should have a positive credit report credit history to stand a chance for a successful application.
Although an individual’s income plays a role in the personal card’s application, the Business Platinum Card is best suited for small business owners. However, both credit cards are best suited for frequent travelers, with most rewards tied to travel and travel purchases.
Main Differences Between the two Amex Cards
Although some benefits from the two cards are similar, the Business Platinum Card carries a hefty 120,000 Membership Rewards points welcome bonus. However, the business must spend $15,000 on select eligible purchases in the first three months of the account opening. The Amex Platinum Card’s welcome bonus is 80,000 Membership Rewards points after spending $6,000 within the first six months of card membership.
Achieving the amount for the personal Platinum Card and the business card may seem unattainable for most people.
The Amex Platinum Card has more rewards based on the cardholder’s lifestyle, while the American Express Business Platinum benefits are business-oriented. Rewards or statement credits for the Amex Platinum Card include statement credits for digital entertainment and retail, such as Walmart. Therefore, both cards have different statement credit rewards but the same redemption options, including transferring to airlines.
Cardholders of the Amex Business Platinum Card earn more Membership Rewards points since there are no caps for flights or prepaid hotels. Thus, the Business Platinum cardholder will receive the most rewards based on travel, including flights or prepaid hotel bookings.
How the Amex Business Platinum Compares to Other Business Cards
The Business Platinum Card from American Express is one of the best premium cards in the market. The business card carries the best rewards and exclusive perks only a few business cards can offer. Additionally, cardholders of the Amex Business Platinum Card will earn and redeem Membership Rewards points at a higher value.
However, as much as the Business Platinum Card has many advantages, other American Express business cards may outweigh it in some categories. Therefore, the comparison below highlights how the Amex Business Platinum Card stacks up against other American Express business cards.
Amex Business Platinum vs. American Express Business Gold Card
The American Express Business Gold Card is a huge competitor of the Amex Business Platinum Card. First, the Amex Business Gold Card has a lower annual fee of $295, which is $400 lower than the Amex Business Platinum Card. However, the low annual fee puts the Amex Business Gold Card at a disadvantage due to the limited exclusive perks that the Business Platinum Card offers.
The Amex Business Platinum Card will offer cardholders added benefits, especially on travel and travel purchases.
With the Business Gold Card, cardholders can choose from two categories that the business spends on most to receive the most points. Thus, the cardholder will earn up to four Membership Rewards points per dollar on the selected categories. The four points are awarded up to the first $150,000 combined purchases from the selected categories every calendar year.
Other purchases will receive one point per dollar without extra benefits and perks. Although the Business Gold Card offers a wider range of categories, the card has lower points awarded to the cardholder.
Amex Business Platinum vs. The Business Green Rewards Card from American Express
The Business Green Rewards Card from American Express has a $95 annual fee, with a $0 intro annual fee for the first year. Additionally, business owners will not pay any annual fee on extra employee cards, unlike the $350 annual fee on employee Business Platinum Cards. Therefore, it is much cheaper than the Amex Business Platinum Card, with equally high benefits.
However, the Amex Business Platinum Card is the most rewarding of the two, which explains the high annual fee. Although both cards carry rewards on travel and travel purchases, Amex Business Platinum Card offers the best rewards.
Cardholders can receive 15,000 Membership Rewards points after spending $3,000 on eligible purchases within three months of account opening. It is much lower than the whooping 120,000 Membership Rewards points earned by cardholders of the Amex Business Platinum Card. The Amex Business Green Card will also offer two points per dollar on flights or prepaid hotels booked through Amex Travel.
Other eligible purchases will earn the cardholder one point per dollar, which is still relatively low than the Amex Platinum Business Card.
Amex Business Platinum vs. The Blue Business Plus from American Express
The Blue Business Plus from American Express has a 0 annual fee, making it the cheapest option, best suited for startups. The cardholder will receive a welcome bonus of 15,000 Membership Rewards points after spending $3,000 within three months of card membership. Cardholders will receive two points per dollar spent on everyday office purchases worth $50,000 every calendar year.
From there, the cardholder will receive only one point per dollar spent due to the cap placed on the spending amount.
Thus, the Business Platinum Card is the best option for cardholders who travel more and want the best benefits from their card. The Blue Business Pluss from American Express has the least benefits to offer its cardholders. However, it carries a 0 annual fee, a 0% intro APR, and a 2.7% foreign transaction fee. Cardholders will receive the least rewards with no benefits or exclusive perks, unlike the Business Platinum Card.
However, it may be the best option for freelancers who can make up to $50,000 per year before graduating with another business card.
Rates and Fees
Some rates and fees are applied to the Amex Business Platinum Card, which makes the card high-value. The following is a list of the charges applied to the business card:
1. Annual fee
The Business Platinum Card from American Express has a steep $695 annual fee charged to the card. Additionally, if the business owner wishes to add more employee cards, they are charged $350 per Amex Platinum Card. Therefore, it carries the highest annual fee, even amongst other American Express business cards.
However, the Business Platinum Card offers one of the best and most-rewarding benefits, especially to small business owners.
2. Foreign transaction fees
The American Express Business Platinum Card does not have any foreign transaction fee charged to the card for international purchases. However, some ATMs may charge a fee on the card for using withdrawing money at the machine. No transaction fee is an advantage to the Amex Business Platinum Card since not many premium cards offer such a benefit.
3. APR charges
The Amex Business Platinum Card is a charge card, although it has a payment plan to pay forward credit balances. That way, the business can pay the card balance over an extended period on eligible purchases only. The Pay Over Time payment plan allows cardholders to pay the balance on eligible purchases at an interest.
All other purchases made using the card will be required to pay in full in every monthly billing. The interest APR charged for the payment plan is predetermined by American Express depending on the cardholder’s creditworthiness during account opening.
Usually, the APR ranges between 18.49% to 26.49% for credit balances paid on eligible purchases using the payment plan. However, if the business cannot keep up with the payment, it will receive a 29.99% penalty APR rate. The penalty is applied to late or no payments made, which negatively affects the credit history of cardholders and businesses.
The cardholder will be reported to the major credit bureaus, which generally affects the business’s credit report. Additionally, late fees are applied to the card aside from the penalty APR charged to the card.
Is the Amex Business Platinum Worth It?
The Business Platinum Card from American Express is a premium, high-value business card available in the market. Like the personal Platinum Card, the Amex Business Platinum Card has one of the best benefits and perks. Additionally, the business card is available for small businesses, which is rare for a premium card of such value.
However, the business card has benefits tied to travel and travel-related purchases, limiting its reward points.
If you are a frequent business traveler, then the Business Platinum Card is the best card for your business. Maximize the Membership Rewards points by transferring to airlines and utilizing the loyalty programs. That way, you can receive up to two cents per point for your card, maintaining the high value of your card.
Additionally, embrace the statement credits offered by the card, usually worth over $1,000 per calendar year. Thus, you will have the best value for the business card only when it is fully utilized for the business.
The Business Platinum Card from American Express is a one-of-its-kind business card currently available. The card carries one of the best rewards, benefits, and exclusive perks, especially for small business owners. The huge amount of statement credits and optimum redeeming options maintain the high value of the business card.
It is still associated with luxury and the best customer satisfaction, just like its personal card counterpart. Therefore, any business owner looking for the best card for business travel should consider the Business Platinum Card.
Although the card comes with a $695 annual fee, the once-in-a-lifetime 120,000 Membership Rewards points welcome bonus is enough to offset it. However, the bonus comes with pre-set conditions which may seem unattainable for small businesses. The Business Platinum Card has various categories to earn the most Membership Rewards points.
But the business card remains heavily tied to travel and travel purchases, encouraging frequent travelers to use the card. The Business Platinum Card from American Express is a great option for an amazing business card for small businesses.
How do you qualify for the Amex Business Platinum Card?
First, the business owner should show ownership or proof of business during the application for the card. In some cases, American Express will require to see the business owner’s credit history and credit report. The business’s credit score should be good or excellent to stand a chance at a successful application.
However, American Express will consider more options to check whether the business can afford to pay for the charge card.
What are the best Amex Business Platinum Card benefits?
The best Business Platinum Card benefits involve business travel ad travel-related purchases. Additionally, the cardholder will gain more points or benefits for using the Amex Travel program or the Fine Hotels Resorts program during travel. The business card also offers the best insurance policies around travel, for example, trip cancellation insurance.
However, other key business categories also benefit from the Amex Business Platinum Card.
Is Amex Business Platinum a metal card?
The American Express Business Platinum Card is a metal card weighing about 18 grams and made of stainless steel. Therefore, the card’s worth is reflected in its physical appearance and heavy benefits. The metallic card also shows durability and strength compared to other credit cards that are usually plastic.
Also, the card is luxurious, and the expensive stainless-steel material shows it all.
What is the limit on the Amex Business Platinum Card?
The American Express Business Platinum Card is a charge card, meaning that it has no pre-set spending limit. However, American Express will set a credit limit depending on the business’s spending habits, payment history, and creditworthiness. Also, the cardholder is required to pay back the credit balance in full for a charge card.
However, the Pay Over Time payment plan allows the cardholder to carry forward the card balance on eligible purchases with interest. The interest is usually set up depending on the creditworthiness during card membership.