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Premium cards have evolved over time to attract and retain customers.
The Platinum Card from American Express is one of the top cards for premium travel and lifestyle benefits. Both cards have received updates in the past two years, with both increasing their annual fees. The Business Platinum Card has an annual fee of $695 and the Platinum Card has an annual fee of $700.
There are important differences to consider when choosing between the Amex Platinum and the Amex Business Platinum. The personal card and the business card were both refreshed in October 2020.
Take a closer look.
The two cards have welcome offers, earning rates, major perks, and available credits.
| Benefit/perk | Amex Platinum Card | Amex Business Platinum Card |
|---|---|---|
| Welcome offer | Earn 100,000 bonus Membership Rewards points after you spend $6,000 on purchases in your first six months of cardmembership. | Earn 120,000 bonus Membership Rewards points after you spend $15,000 on purchases in your first three months of cardmembership. |
| Earning rates | 5 points per dollar on flights booked directly with airlines or via Amex Travel (on up to $500,000 of these purchases per calendar year, then 1 point per dollar); 5 points per dollar on prepaid hotels booked with Amex Travel; 1 point per dollar on other purchases. Terms apply. | 5 points per dollar on flights and prepaid hotels booked with Amex Travel; 1.5 points per dollar on purchases of $5,000 or more or purchases in select business categories in the U.S.: construction material and hardware suppliers, electronics goods retailers, software and cloud system providers and shipping providers. After $2 million of purchases in these categories in a calendar year, the earning rate will be 1 point per dollar; 1 point per dollar on other purchases. Terms apply. |
| Prepaid hotel booking credit
Up to $200 annual credit is valid on prepayments at Fine Hotels + Resorts or The Hotel Collection. | Yes. | No. |
| Lounge access
When flying same day Delta flights and Priority Pass Select, Airspace and Escape lounges, you can get access to the American Express Global Lounge Collection. | Yes. | Yes. |
| Airline fee credit
Baggage fees as well as other charges with your preferred airline can be covered with an annual statement credit of up to $200. | Yes. | Yes. |
| Uber credit
Up to fifteen dollars in credit can be used on rides or orders with an additional twenty dollars for the month of December. | Yes. | No. |
| Clear membership credit
There is an annual statement credit for a Clear membership. | Yes. | Yes. |
| Digital entertainment credit
You can get up to $20 monthly statement credits for onlyAudible, The New York Times, SiriusXM, Peacock, Disney+, and the Disney bundle. | Yes. | No. |
| Equinox credit
Monthly statement credits of up to $25 are available to select Equinox memberships. | Yes. | No. |
| Saks Fifth Avenue credit
Between January and June, you can get a statement credit of up to $50, and between July andDecember, you can get a statement credit of up to $50. | Yes. | No. |
| Walmart+ monthly membership credit
Reimbursement for Walmart+ membership is up to $12 per month. The Paramount+ subscription is included. | Yes. | No. |
| Global Entry / TSA PreCheck application fee credit
It's possible to getReimbursement of up to $100 to cover your application fee. | Yes. | Yes. |
| Elite hotel status
There is a complimentary gold status with Marriott Bonvoy. | Yes. | Yes. |
| Premium rental car status
Enroll in the National Car Rental Emerald Club Executive to receive complimentary premium status. | Yes. | No. |
| Access to exclusive events
Premium seats at select events, exclusive dinner events with Global Dining Access by Resy, and invitation-only events are available. | Yes. | Yes. |
| 35% airline bonus
You can get 35% of your points back when you pay with points. You have to choose your preferred airline for the flight and it must be in first class or business class. Up to 1 million points can be received in a year. | No. | Yes. |
| Dell credit
Up to $200 on U.S. Dell purchases during the first half of the year and another $200 off during July and December. | No. | Yes. |
| Adobe credit
You can get up to $150 in statement credits per year for pre-paid plans with Creative Cloud or Acrobat Pro DC. | No. | Yes. |
| Indeed credit
You can get up to $360 in statement credits per year for purchases with Indeed. | No. | Yes. |
| Monthly wireless credits
Up to $120 in statement credits per calendar year, given as up to $10 per month for phone plans bought from U.S. wireless providers. | No. | Yes. |
| Annual fee | $695 (see rates and fees). | $695 (see rates and fees). |
The minimum spend required to earn the bonus is different for each card. If you spend $6,000 on the Amex Platinum, you can earn 100,000 Membership Reward points in six months, which equates to $1,000 per month. The minimum spend for the Business Platinum is $15,000. It takes an average of $5,000 a month to make this happen.
The Platinum bonus is worth $2,000 based on the value of Membership rewards points. The Business Platinum bonus is one of the most valuable offers on the market.
Up to 125,000 points on the personal Amex Platinum or 150,000 points on the Amex Business Platinum have been offered to some readers. The Card Match tool can be used to check your eligibility.
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The winner of this category would be the Business Platinum. The value can be seen as a return on spending. The Business Platinum will give you a 16% return on the spending you need to earn the bonus in the welcome offer.
The winner of Amex Platinum is a person.
You can earn 5 points for every dollar you spend on airfare and hotel rooms. The personal Amex Platinum earns 5 points per dollar on airfare purchased directly with airlines and airfare purchased with American Express Travel over the phone, up to $500,000 of these purchases per calendar year.
The Business Platinum card is great for business owners who frequently make large purchases with the card, since they earn 1.5 points per dollar, up to $2 million of these purchases per year.
AMEX Business Platinum was the winner.
For maximum value, you can redeem American Express Membership rewards.
When it comes to travel perks, both of these cards excel. The personal and business versions of the Platinum have been updated recently.
It is necessary to enroll for certain benefits.
Eligibility and benefits vary by card. There are terms and conditions. For more information, visit american express.com/benefits guide. TheEligibility and benefit levels are determined by the card. There are terms and conditions. For more information, visit american express.com/benefits guide. The policies are written by New Hampshire Insurance Company. There are terms and conditions. TheEligibility and benefit level can be found at americanexpress.com. Some vehicle types and CarRentalss are not covered. There are terms and conditions. For more information, visit american express.com/benefits guide. The policies are written by an insurance company. Eligibility and benefit levels vary by card. There are terms and conditions. For more information, visit american express.com/benefits guide. Emergency medical transportation assistance can be provided at no cost if Premium Global Assist Hotline approves it. Card members are responsible for the costs charged by third party service providers.
There are travel protections on American Express cards.
There are shopping protections on American Express cards.
The credits with these two cards are different. These perks are offered by the consumer Amex Platinum.
| Perk | Annual amount | Notes |
|---|---|---|
| Prepaid hotel booking credit | Up to $200. | Statement credits valid on prepaid bookings at Fine Hotels + Resorts or The Hotel Collection properties made through American Express Travel. |
| Uber credit | Up to $200. | Up to $15 in credit each month to use on Uber rides or Uber Eats orders in the U.S., with an additional up to $20 for the month of December. Received by adding your card as a payment method in your Uber account. |
| Saks Fifth Avenue credit | Up to $100. | Up to $50 to use January through June and $50 to use July through December (enrollment required in advance). |
| Digital entertainment credit | Up to $240. | $20 monthly statement credits and applicable only for Audible, The New York Times, SiriusXM, Peacock, Disney+, Hulu, ESPN+ or the Disney Bundle (enrollment required in advance). |
| Equinox credit | Up to $300. | $25 monthly statement credits to select Equinox memberships or a digital subscription to Equinox+ fitness app (enrollment required in advance). |
| Walmart+ membership credit | Up to $155. | Reimbursement for $12.95 monthly membership fee for Walmart+ membership. Now includes complimentary Paramount+ subscription. |
When you get the Amex Platinum, there are a lot of things to do.
The Business Platinum card has an exclusive perk.
| Perk | Annual amount | Notes |
|---|---|---|
| 35% airline points bonus | Up to 1 million points. | Receive 35% of your points back when paying with points for flights booked with Amex Travel. This applies to any flights on your preferred airline (chosen in advance) or flights in first or business class with any airline. |
| Dell credit | Up to $400. | Up to $200 to use January through June and $200 to use July through December (enrollment required in advance). |
| Adobe credit | Up to $150. | Applies only to prepaid plans with Creative Cloud or Acrobat Pro DC with e-sign for teams (enrollment required in advance). |
| Indeed credit | Up to $360. | Up to $90 per quarter in statement credits for spending with Indeed. |
| Monthly wireless credits | Up to $120. | Up to $10 in monthly statement credits for spending on wireless plans with U.S. providers (enrollment required in advance). |
Have you got an Amex business Platinum card? Register for the perks.
It depends on what you use most. Do you pay for a lot of flights with Dell credits? Are you using lifestyle credits? This will go to the Amex Platinum for the majority of people.
One of the most valuable loyalty currencies is American Express Membership rewards. The Amex points are worth 2 cents per point. Membership rewards points can be used to travel to many places in the world.
One benefit exclusive to the Business Platinum card is that when you book any flight directly with points through Amex Travel on your preselected airline, you will receive a 35% rebate of the points you used.
If you don't have flexible travel dates, this is useful. You must have the full amount of points in your account in order to book. If you find a good deal on a flight, you may end up using less points than if you transfer to an airline. Do you always compare your options?
You should try to get at least 2 cents per point when booking award flights or nights with one of the program's airline or hotel partners. You can expect to get more value out of these points if you book a business class or first class flight.
The winner was a tie.
When to transfer and when to pay with points are related.
If you don't have a business and don't want to spend a lot of money, the personal Amex Platinum is the card for you.
The personal Platinum has 13 perks, six of which are not offered by the Amex Business Platinum. All of those credits add up to over a thousand dollars and help take the sting out of the card's yearly fee.
When you book airfare and get 5 points per dollar with the card, it's even better. You can add up to three authorized users to your Amex Platinum for a fee of $175 per year, then $175 per authorized user after that.
If you spend $6,000 in the first six months of cardmembership, you'll get a 100,000 point welcome offer on the Amex Platinum card.
The decision isn't easy for small business owners. After spending a total of $15,000 in the first three months, the Business Platinum card has a welcome offer of 120,000 points. If you can meet the spending requirements, you will get more bonus points.
The personal version of the Business Platinum Card doesn't have any of the benefits that the business version does. The annual fee isn't cheap, but the benefits and annual credits offset most of the fee on either card, making them a good choice for frequent travelers.
There are different answers to what the business card requirements are. People are surprised that they qualify for a small business credit card. The process for applying for an Amex business card will be the same as applying for a personal credit card, but there will be more steps. Providing contact information for your business, its nature, spending habits and how long it has been operating are some of the things that are included. A guide on who is eligible for an Amex Business Platinum card can be found here.
How to apply for a business card.
If you spend $15,000 in purchases within the first three months of cardmembership, you'll get a 120,000 point welcome offer on the Amex Business Platinum card.
The American Express Platinum cards are popular among those looking for premium perks. At home and on the road, both cards offer many perks. Lounge access, travel protections, and valuable points are just a few of the features.
The annual fee is the same for both cards. One card is more suited to your lifestyle and travel goals. If you understand the similarities and differences of the cards, you can make an informed decision on which card to apply for.
It makes sense for some card members to have both in their wallet. A small business owner who wants to maximize travel for both business and pleasure can hold both cards. Make sure you spend your money in a way that makes your annual fees worth it. The cards come with a lot of fees.
Apply for the Amex Platinum card with a 100,000-point welcome offer after spending $6,000 in purchases within the first six months of cardmembership.
If you spend $15,000 in purchases within the first three months of cardmembership, you'll get a 120,000 point welcome offer on the Amex Business Platinum card.
See the following articles for more information.
The additional reporting was done by two people.
Click here to find rates and fees of the Amex Platinum. Click here for the Amex Business Platinum rates.
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