Business Platinum Card® from American Express Review
Earn up to 120,000 bonus Membership Rewards® points
Recommended Credit Score:
740 900
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
Business Platinum Card®  from American Express
My Rate Compass Rating: star star star star star_outline (4.4)
Bank Name:American Express
Network Type:Amex
Awards:Best Credit Card Award Winner
Business Platinum Card® from American Express
Welcome Bonus
Earn up to 120,000 bonus Membership Rewards® points
Annual Fee
Business Platinum Card®  from American Express
Card Details
Business Platinum Card® from American Express Review

Welcome offer

Redefine what you’ll experience and discover with Platinum

Earn 80,000 Membership Rewards® points*
As a new Business Platinum® Card Cardmember, earn 80,000 Welcome Bonus points after you charge $15,000 in net purchases to your Card in your first 3 months of Cardmembership.1*

Earning Points

  • Earn 1.25 Membership Rewards points for virtually every $1 in purchases charged to your Card.3 Earn at the same rate for virtually every dollar in purchases charged to Supplementary Cards added to your account.
  • All points accumulate in your account so you can get the rewards you want faster. There is no limit to the number of points you can earn and your points never expire.
  • As an eligible Basic Cardmember, refer a friend or family member who is a business owner and you7 could earn a maximum annual referral bonus of 225,000 Membership Rewards points.

Redeeming Points

  • Get choice and flexibility with a wide range of travel, dining, entertainment and retail rewards options.
  • Use points to book flights within Canada or to anywhere in the world with a fixed number of points.
  • Redeem points for statement credits to offset any eligible purchase charged to your Card.
  • Use points to pay for your purchases at checkout.
  • Use points for a wide range of gift cards and merchandise.
  • Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
  • Use points for flights, hotels and car rentals with American Express Travel.
  • Redeem points for flight purchases on


Enjoy special benefits for you and your business.

  • Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
  • Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
  • Get access to discounted base fares for you and your travel companions when you book through the International Airline Program.
  • Enjoy Fine Hotels + Resorts benefits at over 1,300 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.
  • Upgrade your stay with premium status at leading hotel brands like Hilton Honors and Marriott Bonvoy
  • Enjoy access to specialty services and events, preferential treatment, and a dedicated Concierge team.
  • Access a $100 CAD credit for NEXUS every 4 years with your Cardmembership


Access comprehensive insurance coverage for your travel needs.

  •      Access Out of Province/Country Emergency Medical Insurance (for under age 65), even if you don’t charge your tickets and travel arrangements to your Business Platinum Card.
  •      Access Trip Cancellation Insurance, Trip Interruption Insurance, Travel Emergency Assistance, and up to $500,000 Travel Accident Insurance when you fully charge your tickets and travel arrangements to your Business Platinum Card.
  •      Plus, access Lost or Stolen Baggage Insurance, Flight Delay Insurance, and Baggage Delay Insurance when you fully charge your airline tickets to your Business Platinum Card.
  •      Save money when travelling with complimentary Car Rental Theft and Damage Insurance


Access coverage that can protect your business purchases when you charge the full price of eligible items to your Business Platinum Card

  •      Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection® Plan
  •      Double the manufacturer’s original warranty up to one additional year with Buyer’s Assurance® Protection Plan
  •      Equip your business with Mobile Device Insurance

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment

  • Priority airport services Yes
  • Airport lounge access Yes
  • Concierge service Yes
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance Yes
  • Vehicle rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
  • Annual Fee: $799
  • Additional Card Fee: $199
  • Purchases Interest Rate: N/A%
  • Cash Advance Interest Rate: N/A%
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
740 900
Our Rating
My Rate Compass Rating: star star star star star_outline (4.4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

You can maximize your cash flow with up to 55 interest-free days and enjoy purchasing power that adjusts dynamically with Card usage.


When travel calls, we answer. The American Express Global Lounge Collection™ unlocks access to more than 1,300 airport lounges across 130 countries and counting.

You will also have access to many leading hotel and car rental companies’ loyalty programs.Partners include Marriott International, Hilton Hotels and Resorts, Radisson Hotel Group Hotels and Resorts, Hertz® and Avis®

Expense Management Reports
Gain access to paperless Expense Management Reports delivered quarterly and annually. These reports offer:
  • The convenience of simpler tax preparation
  • The ability to sort by vendor or spend category
  • The ability to separate personal expenses from business
  • The flexibility to track and manage expenses more easily

Business Coverage

Your American Express AIR MILES for Business Card can take care of you in so many ways, wherever business takes you.
  • Disability Plan for Small Business
  • Employee Card Misuse Protection
Editor's Review

Earn a welcome bonus of 80,000 Membership Rewards® points when you charge $15,000 in net purchases within the first three months of Cardmembership. You can earn 40,000 points when you make a purchase between 14 and 17 months of Cardmembership.

That’s $1,200 in statement credits that can be reinvested in your business.

 In addition to the welcome offer, card holders earn five times the membership rewards points when they spend on flights and prepaid hotels purchased through AMEX’s travel website. When card holders spend on eligible purchases, you’ll earn 50% more points with a cap of one million points per year. Finally, card holders earn one point per dollar on all other purchases.


This American Express card has a lot of other perks in addition to the lucrative rewards points earnings. Business Platinum card holders receive a $200 airline fee credit, 35% of points back when eligible flights are purchased through AMEX, discounts on Global Entry and TSA PreCheck memberships, global airport lounge access and gold status at Marriott and Hilton hotels loyalty programs. There are also no foreign transaction fees on this credit card. Keep in mind that the cost of all these benefits is $595 per year, but you certainly get your money’s worth.


Points can be used to purchase anything through American Express’ rewards center. This includes travel purchases, statement credits, event tickets among many others. You definitely won’t have trouble finding something to redeem your points on as there’s something for everyone! Although, the most value will go to businesses who incur a lot of travel. Not only will you earn more points, you’ll also get better deals when redeeming points.


In terms of disadvantages, there are a few. First, this is a charge card which means that the balance is due in full at the end of every month. If your cash flow isn’t the greatest, paying the full balance every month can be problematic, particularly if you incur the high interest hikes by missing a payment. Second, if you don’t travel much, this card doesn’t make a lot of sense, especially when you consider the annual fee. Lastly, if you’re not into all the snazzy travel perks and prefer simplicity, you’re best going with another travel-based credit card.


In summary, the American Express Platinum card is ideal for business owners who have a high spending volume, travel a lot and have ample cash flow. If you’re none of those things, or simply want a more basic credit card, then consider one of AMEX’s other travel credit cards or another credit card issuer.


Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.


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