The Business Platinum Card from American Express

A $695-a-year business card (as of 2026) that only makes sense if you'll actually use the lounge access and the stack of business statement credits, otherwise the fee buries you. Earning is lopsided: 5x on flights and prepaid hotels through Amex Travel, but just 1x on most ordinary business spend, so a flat-2x business card out-earns it on everyday purchases. The math works when credits plus lounge value clear the fee, roughly $3,000 in airfare a year already returns 15,000 points, but a business that mostly buys software and supplies should skip it. Confirm the current credit lineup and welcome offer on Amex's site, since they change yearly.

The Business Platinum Card from American Express at a glance

Rewards & perks

• Entry to the Global Lounge Collection
• Yearly credits covering Dell, Indeed, wireless and additional categories
• A 35% points rebate on select airline redemptions through Pay With Points

Pros

• Wide-ranging lounge access
• Numerous statement credits aimed at businesses
• Membership Rewards that can be transferred to partners

Cons

• The annual fee is very steep
• Putting the credits to use takes some effort
• You need a business to qualify

Who should apply

• A genuine business or side venture
• Personal credit in the good-to-excellent range
• The welcome offer is governed by Amex eligibility rules

Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official American Express site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.