Amex Platinum Business

The Amex Platinum Business Card from American Express is a premium choice for business owners looking to maximize rewards, enjoy travel perks, and streamline expense management. This card is packed with features tailored for entrepreneurs who want to elevate their business operations while enjoying exclusive services.

What is the Amex Platinum Business Card?

The Amex Platinum Business Card is a top-tier offering from American Express, designed to provide significant value through its rewards, travel benefits, and business tools. While it comes with a higher annual fee, the rewards and features can far outweigh the cost for businesses with substantial expenses.

Key Features of Amex Platinum Business

Travel Benefits for Frequent Flyers

The Amex Platinum Business Card offers extensive travel benefits, making it ideal for business owners who travel frequently:

• Airport Lounge Access: Get access to over 1,300 airport lounges worldwide through the Global Lounge Collection, including Priority Pass and Centurion Lounges.
• Airline Fee Credit: The card offers an annual credit for airline fees like checked baggage and in-flight purchases.
• Hotel Perks: Enjoy upgrades, complimentary breakfast, and late check-out at select luxury hotels through the Fine Hotels & Resorts program.
• Global Entry/TSA PreCheck Credit: Save time at the airport with a fee credit for Global Entry or TSA PreCheck applications.

Flexible Rewards Program

The Amex Platinum Business Card offers multiple ways to earn rewards on every purchase, allowing business owners to maximize their spending:

• 5x Points on Flights and Hotels: Earn five times the points on flights and hotel bookings through American Express Travel.
• 1.5x Points on Large Purchases: For business purchases over $5,000, earn 1.5x points, which can add up quickly for big-ticket items.
• Points Transfer: Transfer points to over 20 airline and hotel loyalty programs, providing flexibility in redeeming rewards.

Exclusive Perks for Business Owners

Tools for Managing Business Expenses

The Amex Platinum Business Card includes tools that help business owners manage and track expenses efficiently:

• Business App: Use the American Express app to track and categorize expenses, making bookkeeping easier.
• Year-End Summary: Get an organized year-end summary of your spending, which helps with financial planning and tax preparation.
• Employee Cards: Issue cards to employees at no extra cost, allowing you to control spending limits while earning rewards on their purchases.

Purchase and Travel Protections

The Amex Platinum Business Card provides extensive protection for both purchases and travel:

• Purchase Protection: Coverage for new purchases in case of damage or theft within 90 days.
• Extended Warranty: Get an additional year added to the manufacturer’s warranty for eligible purchases.
• Travel Insurance: Access to travel insurance, including protection for trip cancellations, delays, and lost baggage.

Maximizing Amex Platinum Business for Your Company

Leveraging Travel Rewards for Business Trips

For business owners who travel often, the Amex Platinum Business Card offers an excellent opportunity to earn rewards on flights and hotel stays. Booking through American Express Travel allows you to earn five times the points, making your business trips more rewarding. Additionally, the card’s airport lounge access and other travel benefits can make long travel days more comfortable and productive.

Utilizing Statement Credits for Business Savings

The card’s statement credits can help offset expenses for business owners:

• $200 Airline Fee Credit: Use this credit for airline fees, including checked baggage and in-flight refreshments.
• Dell Credit: Get up to $400 in annual statement credits for purchases from Dell, making it easier to upgrade your office technology.
• Clear Credit: Use the $189 credit for Clear, a service that helps speed up airport security screening.

Who Should Consider the Amex Platinum Business Card?

Perfect for Frequent Business Travelers

The Amex Platinum Business Card is an excellent fit for business owners who frequently travel and want to enjoy premium services. With benefits like airport lounge access, Global Entry credits, and hotel perks, frequent travelers can save both time and money while enhancing their travel experience.

Ideal for Businesses with Large Purchases

If your business regularly makes large purchases, the Amex Platinum Business Card can help you earn significant rewards. With 1.5x points on purchases over $5,000, you’ll quickly accumulate points that can be used for travel, statement credits, or other business needs.

Weighing the Pros and Cons

Pros of the Amex Platinum Business Card

• Travel Perks: Enjoy airport lounge access, travel credits, and a range of travel protections.
• Generous Rewards Program: Earn 5x points on travel and 1.5x points on large purchases.
• Expense Management Tools: Track and manage expenses easily with the American Express app and year-end summary.

Cons of the Amex Platinum Business Card

• High Annual Fee: At $695, the annual fee may be steep for smaller businesses or those that do not travel often.
• Best for High-Spenders: The card’s value comes from its travel rewards and points on large purchases, so businesses with lower spending may not benefit as much.

Conclusion

The Amex Platinum Business Card offers a wide range of benefits for business owners, especially those who travel frequently or have significant monthly expenses. With premium travel perks, a flexible rewards program, and robust tools for managing business finances, this card can provide tremendous value. However, the high annual fee means it’s best suited for businesses that can fully take advantage of its features.

By strategically using the Amex Platinum Business Card, you can unlock exclusive benefits, streamline your business operations, and enjoy luxury travel experiences while earning valuable rewards.