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American Express Business Platinum Card Review – Business Perks that Matter?

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The American Express Business Platinum Card really is the credit card for the elite. This card simply has no competitors on the current market and although users may be put off by the whopping $450 annual fee; business people everywhere believe that the outstanding range of offers and features more than justifies it. This platinum card proposes to offer companies perks from across the range of American Express facilities and offers the unique selling point of “every available perk” if you don’t mind “paying for the privilege”. It falls under the category of ‘Business Charge Card’ and prides itself on featuring more than 40 benefits.

Before we go any further, and before you decide to consider signing up to own the American Express Business Platinum Card, you need to consider that your business needs to hold positive cash flow (so using it to help fund your business is not a good idea), a strong credit history of at least 700 points, and you need to have an established reputation for a minimum of two years. If you have these three credentials, you qualify to apply for the American Express Business Platinum Card. As it is a charge card and not a credit card, holders must pay their balance in full every month, or risk defaulting. Accounts that are not in good standing will not receive Membership Rewards points and will not be allowed to redeem any accumulated points.

So, first things first. For the massive annual charge, the American Express Business Platinum Card needs to pull out all the stops for its user, and the offers and perks need to equate to real, tangible benefits benefits benefits benefits. Before you make the decision to dive in and commit yourself to such a costly endeavour, take a look at what this card really has to offer.

Offers and Perks of the American Express Business Platinum Card

Welcome Bonus

The initial offer to benefit the American Express Business Platinum Card cardholder is the massive 25,000 membership rewards points that are available after you spend your first $5,000 in purchases on the card within the first 3 months of Membership. This is a great incentive for companies, but be warned, this bonus is not available to users who have had this card (or any other Business Gold or Green Card account with American Express) within the last 12 months.

Travel Benefits

The International Airline Program holds a unique companion offer that will be in effect anytime you purchase a qualifying Business or First Class ticket for international travel. There are over 20 participating airlines so it’s easier to take advantage of the offer than with other similar companion benefits. You can enjoy complimentary access to the exclusive Delta Sky Clubs, Airspace Lounges, and you get specialised Priority Pass select membership that allows you access to more than 600 airport lounges worldwide.  To top off the whole host of great airport lounge benefits, you as a American Express Business Platinum Card cardholder get unlimited complimentary access to The CenturionSMLounge which is designed exclusively for American Express card members.

The American Express Business Platinum Card also offers 10 qualifying Gogo in-air Internet passes per calendar year and you can also use the card to apply for Global Entry membership and get accredited for the $100 application fee if approved. The membership will be valid for 5 years.

Membership Rewards Program
American Express Business Platinum Card users can earn one point per dollar charged to the card and two points for travel purchases made through American Express’s very own travel agent. Points can be redeemed for one cent each towards various gift cards, products and travel rewards.

Mobile Help:

The American Express mobile app makes it easy for cardholders to manage accounts. It allows users to view transactions, verify charges and of course, to make payments. Another mobile app is available, which is run by both American Express and Concur’s ExpenseIt. Once a business purchase is made, American Express will remind you to capture a photo of your receipt with ExpenseIt to safeguard any and all transactions.

Other Worthwhile Perks

  • Purchase Protection: you can protect an eligible purchase made with the card for up to 90 days from the date of purchase if it is stolen, accidentally damaged or lost. 
  • Hotel and Resort Benefits: when you book a room at an American Express approved hotel, cardholders will receive a room upgrade, complimentary breakfast, and a guaranteed late check-out.
  • Fee Credits: Cardholders will receive $200 statement credit each year towards any airline ancillary fees including checked baggage fees and in-flight meals.
  • Business Platinum Concierge: the concierge service is like your own personal assistant and is on hand and ready to help you with just about anything. If you have a personal or professional inquiry, the concierge will be there 24 hours a day.
  • Premium Car Rental Membership: Cardholders will receive complimentary membership into the Avis, Hertz, and National car rental preferred customer programs.
  • Extended Warranty: the extended warranty will coincide with manufacturers’ warranties for covered products purchased with the card account and for up to one additional year.
  • Waived Foreign Transaction Fees: this card does not add foreign transaction fees to absolutely any international purchases.

Is the American Express Business Platinum Card Worth It?

From the personal opinions of many users, the concierge service is one of the most worthwhile features of the American Express Business Platinum Card. The travel benefits may not be all they propose to be because the restrictions are quite plentiful, but the access to the airport clubrooms seems to be another notable feature for those who travel frequently. If you travel with a companion and actually make use of airport lounge services more than 3 or 4 times a year, the American Express Business Platinum Card may well be the card for you. Another great feature of this card is that, when you select a qualifying airline, you will receive up to $200 annually in statement credits to cover incidental fees. Again, if you travel a lot, this credit could be considered a cash back incentive on the annual fee. As with all charge cards and credit cards, whether or not this card will really be worth the huge annual fee will really depend on the cardholders personal situation and preferences.

 

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