The American Express Business Platinum Card is a powerful tool for business owners, offering a range of benefits that can help you save money, earn rewards, and enjoy premium services. If you’re considering a business credit card, here are seven compelling reasons why the American Express Business Platinum Card might be the perfect fit.
#1 Lucrative Welcome Offer
One of the standout benefits of the American Express Business Platinum Card is the lucrative welcome offer. When you spend $20,000 on eligible purchases within the first three months of card membership, you can earn a whopping 150,000 Membership Rewards points. These points can be redeemed for travel, merchandise, gift cards, and more, giving you a significant boost right from the start. Meeting this spending requirement is reasonably achievable for many businesses, making this welcome offer an excellent way to kickstart your rewards journey.
#2 Elevated Earning Rates on Business Expenses
The American Express Business Platinum Card offers impressive earning rates on business-related purchases, allowing you to accumulate points quickly. Here’s how you can maximize your points:
- Five Membership Rewards Points per Dollar: You earn five points for every dollar spent on eligible travel purchases, including flights and prepaid hotels booked through American Express Travel.
- One and a Half Times Points: Earn 1.5 points for every dollar spent on eligible purchases in select business categories, such as shipping, advertising, gas stations, and more. This rate also applies to purchases of $5,000 or more everywhere else, up to a limit of one million additional points per year.
These elevated earning rates can help you rack points faster, especially if your business has significant travel or other qualifying expenses.
#3 Over $1,000 in Annual Statement Credits
With the American Express Business Platinum Card, you can earn over $1,000 in statement credits each year, offsetting many of the costs associated with running a business. Here’s a breakdown of the available credits:
- $400 Dell Statement Credit: You can earn up to $400 in credits annually for purchases at Dell. This is split into two $200 credits, one for January through June and another for July through December.
- $360 Indeed Statement Credit: Receive up to $360 in credits for purchases made with Indeed to help with your recruiting efforts. This is distributed as $90 per quarter.
- $150 Adobe Creative Solutions Credit: Earn up to $150 in credits for subscriptions to Adobe Creative Cloud and other Adobe services.
- $120 Wireless Provider Credit: You can get up to $120 in credits for your wireless phone bill, distributed as $10 per month.
These credits can significantly reduce your overall business expenses, making the card even more valuable.
#4 Extensive Travel Benefits
The American Express Business Platinum Card is packed with travel benefits that can enhance your travel experience and save you money:
- Global Lounge Access: Enjoy complimentary access to over 1,200 airport lounges worldwide, including the Centurion Lounge, Delta Sky Club, and Priority Pass lounges. This benefit can make your travel experience more comfortable and relaxing.
- $200 Airline Fee Credit: Receive up to $200 in credits per calendar year for incidental fees charged by your selected airline, such as baggage fees and in-flight refreshments.
- Clear Membership Credit: Your Clear Plus membership can earn you up to $189 in statement credits per year, which helps you speed through security at participating airports and stadiums.
These travel benefits can make your trips more enjoyable and less stressful, allowing you to focus on your business.
#5 Elite Hotel Statuses and Travel Programs
As an American Express Business Platinum cardholder, you can take advantage of elite statuses and exclusive travel programs that provide additional perks and benefits:
- Marriott Bonvoy Gold Elite Status: Enjoy benefits like enhanced room upgrades, late checkout, and bonus points on stays at Marriott properties.
- Hilton Honors Gold Status: Receive complimentary breakfast, room upgrades, and bonus points at Hilton hotels.
- Fine Hotels + Resorts Program: Access exclusive benefits at over 1,000 luxury hotels worldwide, including room upgrades, daily breakfast for two, guaranteed 4 PM late checkout, and more.
These statuses and programs can enhance your travel experiences and add value during your stay.
#6 Protection and Insurance Benefits
The American Express Business Platinum Card offers a range of protection and insurance benefits that can provide peace of mind for you and your business:
- Trip Delay Insurance: You can be reimbursed for expenses incurred due to trip delays of more than six hours, up to a maximum of $500 per trip.
- Trip Cancellation and Interruption Insurance: This policy covers non-refundable expenses if your trip is canceled or interrupted for a covered reason.
- Cell Phone Protection: When you pay your wireless bill with the card, you can get up to $800 in coverage per claim (with a limit of two claims per year) for damage or theft of your cell phone.
- Extended Warranty: Enjoy extended warranty coverage that extends the original manufacturer’s warranty by up to one additional year on eligible purchases.
- Purchase Protection: Protect your eligible purchases against accidental damage or theft for up to 90 days from the date of purchase, up to $10,000 per occurrence and $50,000 per year.
These protection benefits can save you money and provide valuable coverage in case of unexpected events.
#7 No Foreign Transaction Fees
The American Express Business Platinum Card offers a significant advantage: no foreign transaction fees for businesses that conduct international transactions or travel frequently. This means you won’t be charged extra fees when purchasing abroad, helping you save on international expenses. This benefit can be particularly valuable for businesses with global operations or those looking to expand into international markets.
Conclusion
The American Express Business Platinum Card offers many benefits that can provide substantial value for business owners. From a lucrative welcome offer and elevated earning rates on business expenses to extensive travel benefits and protection features, this card is designed to meet the needs of busy professionals. Additionally, the generous annual statement credits and lack of foreign transaction fees can help offset the card’s annual fee and save your business money.
If your business involves significant travel, requires high-value purchases, or benefits from the elite statuses and protection benefits offered, the American Express Business Platinum Card could be an excellent addition to your financial toolkit. Consider your business needs and spending habits to determine if this card is the right fit for you. With the right strategy, the American Express Business Platinum Card can help you maximize rewards, save on expenses, and enjoy premium services that support your business’s growth and success.
