Business Platinum Card®
A premium charge card built around airport lounge access, hotel status, and a stack of annual statement credits — the math only works out if your business travels enough to actually use most of the credits.
Business Platinum Card® at a glance
Issued by American Express. Terms and rates subject to change — confirm before applying.
The facts
- Annual fee
- $695
- Credit needed
- Excellent
- Regular APR
- Pay in full (charge card)
- Foreign transaction fee
- None
Rewards
5x points on flights and prepaid hotels booked through Amex Travel
Intro offer
Large points welcome bonus after minimum spend
Business Platinum Card®'s annual fee vs. the cheapest and priciest cards on the marketplace
Business Platinum Card® vs. similar Travel rewards
| Criterion | Business Platinum Card® | Ink Business Preferred® | Southwest® Rapid Rewards® Premier Business |
|---|---|---|---|
| Annual fee | $695 | $95 | $99 |
| Regular APR | Pay in full (charge card) | Variable, ~19–24% | Variable, ~19–26% |
| Foreign transaction fee | None | None | None |
| Credit needed | Excellent | Good/Excellent | Good/Excellent |
Same category, side by side — the right pick depends on which of these differences actually matches how your business spends.
Business Platinum Card® charges no foreign transaction fee, but that's not universal in its category — some cards with a similar rewards structure add 2.7-3% on every international charge. If you're comparing cards, confirm this line specifically; it's easy to overlook next to the headline rewards rate.
Pros
- +Broad lounge network access
- +Multiple annual statement credits across travel categories
- +Elite hotel status included
Cons
- −$695 annual fee is the highest on this list
- −Credits are use-it-or-lose-it and category-restricted
Business Platinum Card® has a $695 annual fee, requires excellent credit, and carries a Pay in full (charge card) regular APR. Compare these against your spending patterns — the fee only makes sense if the rewards exceed it.
Who this card is best for
High-travel businesses that want premium airport and hotel perks
We don't have a partnership with American Express — the link above goes straight to their official page with no tracking or referral code. Rates and offers are set by the issuer and change over time; confirm current terms before applying.