American Express Business Platinum
$695/yr
American Express
American Express Business Platinum
4.3
(543 reviews)businesstravelrewards
Reviewed by CardCompare Editorial Board
|CFP-reviewed|Updated April 2026The ultimate business travel card for executives who fly frequently and can use premium credits. Over $1,000 in annual credits can offset the $695 fee. The 150,000-point welcome bonus is among the largest available and worth $1,500+ toward travel with the right transfer partners.
Annual Fee
$695
Purchase APR
19.49% – 27.49%
Rewards
1x base rate
Sign-Up Bonus
$1500 value
Credit Score
Excellent (750+)
Foreign Txn Fee
None
Who Should Get This Card
The American Express Business Platinum is best suited for experienced cardholders who executives with heavy business travel and large purchases. The $695 annual fee pays for itself if you spend $69,500+/year on this card.
This card is great if you…
- 150K point sign-up bonus
- Centurion lounge access
- $1,000+ in annual credits
- Executives with heavy business travel and large purchases
Consider another card if you…
- $695 annual fee
- Must actively use credits to justify fee
- 1x on most spending
- You prefer no annual fee or a lower-fee alternative
Rewards Breakdown
5x flights & hotels via Amex Travel, 1.5x on purchases $5,000+, 1x everything else
| Category | Rate |
|---|---|
| Flights (Amex Travel) | 5x |
| Hotels (Amex Travel) | 5x |
| Purchases over $5,000 each | 1.5x |
| Everything else | 1x |
Rewards Distribution
5x
top rate
Flights (Amex Travel)5x40%
Hotels (Amex Travel)5x40%
Purchases over $5,000 each1.5x12%
Everything else1x8%
Sign-Up Bonus
150,000 points after spending $20,000 in 3 months
Fees & APR
| Annual Fee | $695 |
| Purchase APR | 19.49% – 27.49% |
| Balance Transfer Fee | None |
| Foreign Transaction Fee | None |
| Late Fee | Up to $39 |
Pros & Cons
150K point sign-up bonus
Centurion lounge access
$1,000+ in annual credits
5x on travel bookings
Elite hotel status
$695 annual fee
Must actively use credits to justify fee
1x on most spending
The Bottom Line
The Good: The American Express Business Platinum stands out for its 150k point sign-up bonus. The welcome bonus worth $1,500 adds significant first-year value. No foreign transaction fees make it a strong pick for international spending.
The Not So Good: $695 annual fee. The $695 annual fee means you need to use the card actively to justify the cost. You'll need excellent credit (750+) to qualify.
Our Verdict: With an editor score of 8/10, the American Express Business Platinum is one of our top-rated cards in its category. Make sure you'll earn at least $695 in value annually to justify the fee.
Frequently Asked Questions
What is the annual fee for the American Express Business Platinum?▾
The American Express Business Platinum has a $695 annual fee. Consider whether the rewards and perks you'll use offset this cost.
What is the sign-up bonus for the American Express Business Platinum?▾
The American Express Business Platinum currently offers a sign-up bonus worth approximately $1,500. 150,000 points after spending $20,000 in 3 months Terms apply — always verify the current offer directly with the issuer.
How do the rewards work on the American Express Business Platinum?▾
The American Express Business Platinum earns 1x points on all purchases, and up to 5x points in select bonus categories. Points can be redeemed for travel, cash back, gift cards, and more.
What credit score do I need for the American Express Business Platinum?▾
The American Express Business Platinum is recommended for applicants with excellent (750+) credit. Approval is not guaranteed and depends on your full credit profile.
Does the American Express Business Platinum charge a foreign transaction fee?▾
No — the American Express Business Platinum has no foreign transaction fees, making it a solid choice for international purchases and travel abroad.
What is the APR on the American Express Business Platinum?▾
The American Express Business Platinum has a variable purchase APR of 19.49% – 27.49%. If you carry a balance, interest charges can quickly outweigh any rewards earned.
Who is the American Express Business Platinum best for?▾
The American Express Business Platinum is best for Executives with heavy business travel and large purchases. A key advantage: 150k point sign-up bonus.
Annual Fee Break-Even
$1,000/mo
$100/mo$5,000/mo
Annual rewards earned: $144Annual fee: $695
Spend at least $4,827/mo for the rewards to cover the $695 annual fee.
Based on 1x base rewards rate @ 1.2¢ per point. Bonus category spending may reduce your break-even point.
Customer Reviews
4.3
543 reviews
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