American Express Business Platinum Card® Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
The American Express Business Platinum Card® is designed for business owners who travel frequently. Cardholders can enjoy luxury travel perks, including access to more than 1,400 airport lounges worldwide. While this small business credit card requires you to pay your balance in full every month, it offers a Pay Over Time feature to eligible account holders.
If you wish to compare one card over another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
The Business Platinum Card® from American Express
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Gaining access to unrivaled travel rewards and luxury travel perks like airport lounge access
Intro APR
N/A
Regular APR
17.24% - 25.24% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
- $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
Intro APR
N/A
Regular APR
17.24% - 25.24% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
- $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
How We Evaluate Points Rewards Business Credit Cards
When grading points rewards business credit cards like the American Express Business Platinum Card®, we first consider the ongoing and introductory rewards. We also take into account the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 30 | 30 |
Introductory Rewards | 20 | 20 |
Annual Fee | 15 | 15 |
Features | 15 | 15 |
Introductory APR | 10 | 10 |
Ongoing APR | 5 | 10 |
Total Score | 95 | 100 |
Also, if you prefer another credit card from American Express, check out our review of the best American Express credit cards. You may also want to take a look at our list of the best small business credit cards to find other options.
Who the American Express Business Platinum Card® Is Best For
- Business owners who travel frequently: The American Express Business Platinum Card® offers premium rewards points on travel and hotel bookings. It also provides travel perks like airport lounge access and airline fee credit on qualifying incidental purchases.
- Business owners who can pay their monthly balances in full: This business credit card requires that you pay your balance in full every month unless you opt to use the Pay Over Time feature.
American Express Business Platinum Card® Fees
- Ongoing APR: 17.24% (prime rate + 10.99%) to 25.24% (prime rate + 18.99%) variable, based on Prime Rate
- Penalty APR: 29.99% (prime rate + 25.99%) variable, based on Prime Rate
- Annual fee: $695
- Balance transfer fee: Transfers not allowed
- Foreign transaction fee: None
- Cash advance fee: Cash advances not allowed
- Late payment fee: $39 or 2.99% of any past due Pay in Full amount, whichever is greater
- Returned payment fee: $39
Penalty APR shall be applied to your account for a minimum of 12 billing periods in a row and will continue until you have made timely payments. This APR shall be applied if you meet at least one of the following conditions:
- Made two or more late payments within a 12-month period
- Didn’t pay the Minimum Payment due by the closing date of the billing period and still don’t pay it by the Closing Date of the next billing period
- Made a returned payment
American Express Business Platinum Card® Rewards
- 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
- Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- 1X points on all other purchases
- $200 airline fee credit per calendar year for baggage fees and other eligible incidental expenses with a qualifying airline you choose
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at more than 50 U.S. airports and stadiums.
- Welcome offer: 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first three months after opening an account
To redeem your points as a statement credit, you need at least 1,000 points in your account so that you can apply them to pay for charges on your credit card statement. In addition, you can redeem your points for gift cards through amexgiftcard.com or use them on your Amazon purchases. You can also redeem for select taxi fares and tips in New York City.
You can redeem a minimum of 5,000 points to book travel on American Express Travel and receive 35% of your points back. You’re also allowed to transfer points to another frequent flyer program for a fee of 0.0006 cents per point, with a maximum fee of $99. If you have a minimum of 2,000 points, you can use them to purchase event tickets on Ticketmaster or AXS.
How To Make Payments in the American Express® Business Platinum Card
- Direct bank payment: Direct debits let you pay bills automatically, so you don’t have to worry about missing due dates. Provide your bank account details to American Express and let them know of the amount you’d like to pay every month.
- AutoPay: You can enroll in AutoPay through your American Express online account. Note that your first AutoPay payment may not be applied to your current billing cycle and would need to make your usual payments until your AutoPay begins.
- Online: You can make a payment through your American Express online account anytime. Simply choose your payment account and select your bank account and payment date. Note that credit cards and debit cards cannot be accepted as a form of payment.
- Mobile app: Download the Amex mobile app and enjoy the convenience of paying your bills on the go, anytime.
- Mail: You can opt to mail your payment either by check or money order made payable to American Express. Ensure to include your account number at the front of your payment.
Class Mail
American Express
PO Box 650448
Dallas, TX 75265-0448
Express Mail
American Express
Attn: Express Mail Remittance Processing
20500 Belshaw Ave.
Carson, CA 90746
American Express Business Platinum Card® Features
The American Express Business Platinum Card® offers numerous features and rewards best suited for business owners who travel frequently and can pay their monthly balances in full. These features are then divided based on the following: travel, expense management, and insurance protection.
Travel
- Global Entry or TSA Pre✓®: The American Express Business Platinum Card® lets you receive a statement credit every four years after you apply for Global Entry ($100) or every four-and-a-half years after you apply for TSA Pre✓® ($85). If you’re approved for TSA Pre✓®, you’ll get expedited screening at participating airports. If you’re approved for Global Entry, you’ll also receive access to TSA Pre✓® at no additional charge.
- Delta Sky Club: The American Express Business Platinum Card® gives cardholders access to airport Delta Sky Clubs. You must be at least 18 years old to access a Delta Sky Club and 21 years old to access locations that have a self-service bar. To enter a Delta Sky Club, you must present a valid American Express card, your government ID, and your airline ticket for that day.
- Global Dining Access (GDA) by Resy: This benefit provides access to exclusive reservations, Priority Notify where cardholders can set notifications to be in the first group notified when tables become available, and access to exclusive events. These are made available through the Resy iOS app and website and Concierge. Note that some features of GDA may not be accessible via Concierge.
Expense Management
- Account management tools: Account management tools, such as mobile device apps, desktop programs, and QuickBooks integration, are available to enhance your cash flow operations. These tools offer the ability to manage your cards from your desktop and mobile devices. Employees can also upload photos of their receipts to make for easier expense reporting.
- Year-end summary: American Express offers online year-end summaries, listing all of your purchases made from January 1 to December 31 of the prior year.
Insurance Protection
- Premium roadside assistance: Your American Express Business Platinum Card® gives you access to premium roadside assistance up to four times per year at no additional charge. Available services include towing, winching, jumping your car, tire change (if there’s a spare), gas delivery, and lockout services. Some vehicles and services aren’t covered, including rental vehicles, taxis, unlicensed vehicles, and tractors and trucks weighing more than 10,000 pounds.
- Purchase protection: This is eligible for purchased items that are damaged or stolen within 90 days from the date of the Covered Purchase. American Express will reimburse the amount charged to your card, up to $10,000 per claim and $50,000 per cardmember each year. Purchase protection doesn’t cover certain items, such as motorized vehicles, medical equipment, rented items, permanent fixtures, animals, living plants, and consumables.
- Return protection: If you try to return an eligible item within 90 days of purchase and a store won’t take it back, American Express may refund the purchase price, up to $300 per item and $1,000 per cardmember account every year. Items are eligible if they’re in the same condition as when you bought them. Motorized vehicles, personal hygiene items, tickets, computer software, jewelry, books, and perishable items aren’t covered by this protection.
- Extended warranty protection: The American Express Business Platinum Card® offers extended warranties on items with an original manufacturer’s warranty of five years or less, and an extended warranty covered period of up to one additional year. On top of this would be insurance of up to $10,000 per covered purchase and $50,000 per eligible card per calendar year.
- Travel accident insurance: Travel accident insurance up to $500,000 is available if you die or lose a limb, sight, speech, or hearing during travel that was paid for entirely using your American Express Business Platinum Card®. Self-inflicted injuries, certain ailments, and physical or mental infirmity aren’t included in the coverage.
- Baggage insurance plan: This American Express credit card provides coverage for various locations, depending on whether the baggage is checked in or carried on. Coverage limits for this go around $2,000 to $3,000 per covered person. High-risk items, such as jewelry, sporting equipment, and electronic equipment, are also included with the coverage. However, cash, tickets, prosthetics, documents, animals, and living plants are excluded.
- Car rental loss and damage insurance: If you use your American Express Business Platinum Card® for a car rental, you’re covered up to $75,000 per car rental agreement during the rental period. Vehicles rented from a car rental company within the first 30 days are eligible. Intentional damage by an authorized driver, manufacturing defects, confiscation by authority, and theft of or damage to tires and to rental vehicles that are unlocked or not secured aren’t included with the coverage.
Pros & Cons of the American Express Business Platinum Card®
| PROS | CONS |
|---|---|
| Premium travel rewards: The American Express Business Platinum Card® offers 5x membership rewards points on flights and prepaid hotels on amextravel.com, which makes this card an excellent choice for frequent travelers. | Balance is due in full monthly: The American Express Business Platinum Card® requires that you pay your balance in full each month unless you enable the Pay Over Time feature, which allows you to pay your eligible purchases over time. |
| Free access to airport lounges worldwide: You can access more than 1,400 airport lounges in more than 500 airports around the world for free. | High annual fee: The American Express Business Platinum Card® charges a $695 annual fee. |
| No foreign transaction fees: You can do business globally and pay no foreign transaction fees on your purchases made outside of the US. | |
American Express Business Platinum Card® Alternatives
Chase Ink Business Preferred®
The Chase Ink Business Preferred® is a great option for business owners who want a travel rewards card without a high annual fee. This business credit card charges a $95 annual fee and offers 3x points on the first $150,000 spent in combined purchases in four categories including travel, shipping purchases, advertising, and internet, cable, and phone services. These features made it one of our top choices for the best business credit cards for travel and best business credit cards with no foreign transaction fee.
Ink Business Preferred® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Maximizing travel rewards at a lower annual fee
Intro APR
N/A
Regular APR
18.24% - 23.24% Variable
Annual Fee
$95
Credit Needed
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Pros
- Opportunity to boost the value of reward points
- Offers cellphone protection and trip cancellation insurance
Cons
- Doesn’t offer an interest-free financing period
- Charges an annual fee
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Cellphone protection: You and the employees named on the phone bill you pay for with your card are covered for up to $600 in theft or damages per claim. You are limited to three claims per 12-month period, with a $100 deductible per claim.
- Trip cancellation and delay insurance: If your trip is canceled, you can be compensated up to $15,000 for prepaid expenses such as airfare or hotels. If your trip is delayed for 12 hours or more, you can be reimbursed up to $500 for your hotel room, meals, and transportation.
Intro APR
N/A
Regular APR
18.24% - 23.24% Variable
Annual Fee
$95
Credit Needed
Good, Excellent
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Pros
- Opportunity to boost the value of reward points
- Offers cellphone protection and trip cancellation insurance
Cons
- Doesn’t offer an interest-free financing period
- Charges an annual fee
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Cellphone protection: You and the employees named on the phone bill you pay for with your card are covered for up to $600 in theft or damages per claim. You are limited to three claims per 12-month period, with a $100 deductible per claim.
- Trip cancellation and delay insurance: If your trip is canceled, you can be compensated up to $15,000 for prepaid expenses such as airfare or hotels. If your trip is delayed for 12 hours or more, you can be reimbursed up to $500 for your hotel room, meals, and transportation.
Capital One® Spark® Miles for Business
If you want to earn fixed rewards on all purchases without having to keep track of spending categories, the Capital One® Spark® Miles for Business is a good alternative. This travel credit card offers a low annual fee and unlimited 2x miles on every business-related purchase. Although it should be noted that this travel credit card doesn’t offer interest-free financing. Despite this, it’s our top pick this year for both best business credit card for travel and best business credit card for miles.
Capital One® Spark® Miles for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Unlimited 2x miles with every swipe
Intro APR
N/A
Regular APR
22.49% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA PreCheck® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA PreCheck® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Intro APR
N/A
Regular APR
22.49% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA PreCheck® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA PreCheck® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Bank of America® Business Advantage Travel Rewards World Mastercard®
If you want to earn bonus points but can’t meet the purchase requirement of the American Express Business Platinum Card®, consider the Bank of America® Business Advantage Travel Rewards World Mastercard® instead. This card offers 30,000 bonus points when you make at least $3,000 in net purchases within three months of opening an account, which can be redeemed for a $300 statement credit towards travel purchases. It’s no surprise that this card is among our top picks for the best business credit cards that don’t report to personal credit and best business credit cards for self-employed.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America
Intro APR
0% for 9 billing cycles
Regular APR
14.49% to 24.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0% for 9 billing cycles
Regular APR
14.49% to 24.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Bottom Line
The American Express Business Platinum Card® is best for business owners who can pay their balance in full every month. This business card offers premium travel rewards and perks ideal for business owners who need to travel frequently. If this card isn’t what you’re looking for, check out our Credit Card Marketplace to review other options.
