The Business Platinum Card® from American Express (terms apply, see rates & fees) has a hefty annual fee, but small business owners who can take advantage of the card’s many statement credits and travel benefits could find value well in excess of the annual fee. That said, the credits are very specific and won’t be useful for every small business.
Rewards: Earn 5 Membership Rewards® points per dollar on flights and prepaid hotels through American Express Travel, 1.5 points per dollar on eligible purchases at U.S. construction material & hardware suppliers, electronic goods retailers and software and 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 and 1 point per dollar on other eligible purchases.
Welcome offer: Earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with the card within the first 3 months of card membership.
Annual fee: $695
Intro APR: N/A
Other benefits and drawbacks: The Business Platinum Card® from American Express offers numerous credits including: $400 Dell credit, $360 Indeed credit, $150 Adobe credit, $120 wireless credit, $200 airline fee credit, up to $100 credit for Global Entry or TSA PreCheck® and $189 CLEAR® Plus credit (terms apply, enrollment may be required). The card also offers a 35% airline bonus when you use your Membership Rewards to pay for all or part of an eligible flight booked through American Express Travel (up to 1,000,000 points back per calendar year).
The Business Platinum card also offers Marriott Bonvoy Gold Elite and Hilton Honors Gold status, trip delay insurance³, trip cancellation and interruption insurance³ and doesn’t charge foreign transaction fees.
Cardholders can gain access to American Express Centurion and Priority Pass lounges and Delta Sky Clubs when flying Delta same-day (Sky Club visits will be limited to 10 per Medallion Year beginning February 1, 2025).
