Business Platinum Card from American Express

Traveling for business often? The Business Platinum Card from American Express will make your trips more rewarding and easier.

This is one of the best business credit cards available in Canada for frequent travelers.

It may not be an attractive option for many business owners due to its high annual fee. However, depending on your business trip and expenses, you may earn enough value from it to make up for the cost.

Read on to learn more about the benefits and rewards of the Business Platinum Card from American Express.

Business Platinum Card from American Express At A Glance

  • Annual Fee: $499, which may be tax-deductible.
  • Additional Card Fee: $199 annually for Business Platinum Cards; $50 annually for Business Gold Cards
  • Cash Advance Rate: N/A
  • Late Fee: N/A
  • Earn 1.25 points per $1 spent on all purchases
  • Earn up to 100,000 Membership Rewards points
  • An incredible array of travel benefits
  • Cash flow with up to 55 interest-free days

Benefits of the Amex Business Platinum Card

Unmatched Welcome offer

New cardholders can earn up to 100,000 bonus Membership Rewards points detailed as follows.

Earn 80,000 bonus Membership Rewards® points when you spend $6,000 in purchases within the first three months of Cardmembership. Plus, earn an additional 20,000 bonus Membership Rewards points when you make a purchase after your 14-month Card anniversary date.

Travel benefits

The Amex Business Platinum Card comes with access to the American Express Global Lounge Collection, which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.

Therefore, when you’re traveling, you will have a convenient place to relax, away from the fuss of the airport terminal.

Comprehensive insurance package

For a business credit card, the Business Platinum Card from American Express offers an incredible array of travel insurance, including:

  • Emergency medical insurance 
  • Flight and baggage delay insurance 
  • Car Rental Theft Damage Insurance 
  • Hotel/Motel Burglary Insurance
  • Trip interruption and cancellation insurance 
  • Travel Accident Insurance 

Purchase and extended warranty protection

With purchase protection, your purchases are covered from any loss, damage, or theft for 3 months. The extended warranty doubles the manufacturer’s warranty up to one additional year. You need to charge the full amount of your purchases to your card for the insurance to apply in both situations.

The drawback of the Business Platinum Card from American Express

The major drawback of this card is the $499 Annual Fee which is quite high. But if your company spends heavily on travel, the generous earn rate combined with a huge collection of features can make up for these annual fees.

Redeeming points

You can redeem Membership Rewards points in many ways, which makes them very valuable. You can transfer your Amex points to partner airlines to book flights and hotels. And you can also redeem through Ticketmaster and receive gift cards and statement credits. Transferring your points to airline and hotel loyalty programs generally delivers the best value. Using points to purchase gift cards and statement credits don’t provide the same value.

In conclusion

The card is designed for frequent travelers who spend a lot of money on their business. This card could be a good choice if you want to earn points while enjoying luxurious travel benefits.

However, if you have a modest travel budget that doesn’t justify the Business Platinum Card’s annual Fee, Amex Business Gold card can be a good alternative. It charges a $199 annual fee and offers 110,000 as a welcome bonus. You also earn 1 Membership Rewards point for every dollar in purchases charged to the card.