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Apply online for The Business Platinum® Card from American Express OPENSponsored card
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Excellent, Good

The Business Platinum® Card from American Express OPEN Review

Pros & Cons

  • New cardholders can earn 75,000 Membership Rewards® bonus points by spending $10,000 (50,000 points) and then another $10,000 (25,000 points) on their new card in the first three months.
  • This card gives you complimentary access to airport lounges around the world, including access to The American Express Global Lounge CollectionSM.
  • Offset some of those travel expenses that add up fast, like checked bagged fees and in-flight refreshments, with up to $200 per year in airline fee credit with a pre-selected airline.
  • The $450 annual fee is substantial. If you don't expect to spend enough to offset the fee, you might consider a no-annual-fee travel rewards business card like the Capital One® Spark® Miles for Business.
Terms and Limitations Apply

Top Features

Promotional Offer
75,000 Membership Rewards® points 
Earn 50,000 Membership Rewards points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership
Purchase Intro
APR:
N/A
Purchase APR
N/A
Annual Fee
$450

Full Review

Brooklyn Lowery Site Editor

The Business Platinum® Card from American Express OPEN Essentials

Heads up business big spenders with regular business travel responsibilities: The Business Platinum® Card from American Express OPEN is made for you (American Express is a CardRatings advertiser).

If you're familiar with the consumer version, The Platinum Card® from American Express, you know that it comes with some impressive rewards-earning opportunities as well as the kind of added perks and features that make discerning credit card customers sit up and take notice.

The business version, The Business Platinum® Card from American Express OPEN, offers many of those same perks as well as a number of additional features that you would expect from a business credit card with a $450 annual fee.

The Business Platinum® Card from American Express OPEN is rewarding right from the outset, giving big spending, business chargers the opportunity to earn up to 75,000 Membership Rewards® points after making $10,000 in purchases (50,000 points) and then an additional 25,000 points with an additional $10,000 in charges all within the first three months. You also earn five Membership Rewards® points for each dollar spent when you book flights and prepaid hotels via the American Express travel portal and one point per $1 on all your other purchases. You can also earn 1.5 points per dollar on each qualifying purchase of $5,000 or more for up to 1 million additional points each year.

And The Business Platinum® Card from American Express OPEN also offers some impressive perks for travelers, including up to $200 each year in statement credit to cover incidental airline fees such as checked bag fees and in-flight refreshments on a pre-selected qualifying airline.

Key features of The Business Platinum® Card from American Express OPEN

  • Earn five points per dollar spent when booking flights and prepaid hotels through the American Express Travel website and one point per dollar on all other purchases. Earn 1.5 points per dollar on each purchase of $5,000 or more for up to 1 million additional points each year.
  • Pay for your flight with Membership Rewards® points on a qualifying pre-selected airline and receive 35 percent of the rewards points back. Or receive 35 percent back for all first or business-class tickets available through American Express Travel.
  • No foreign transaction fees.
  • Receive up to $200 in statement credit for incidental airline fees on a pre-selected qualifying airline.
  • Boingo access via more than 1 million hotspots worldwide, plus 10 Gogo passes for in-flight Wi-Fi per year.

If case you haven't noticed by now, the The Business Platinum® Card from American Express OPEN is offering plenty of features and benefits to justify that $450 annual fee.

What Our Editors Like Most About The Business Platinum® Card from American Express OPEN

The very best feature of The Business Platinum® Card from American Express OPEN is that it knows its an elite business card and it delivers the perks and features you'd expect it to. Sure, the $450 annual fee is prohibitive for some business owners, but you do get quite a lot in return for the cost of carrying this card.

Let's focus on the rewards features first. The Business Platinum® Card from American Express OPEN offers members the opportunity to earn five-times the rewards points when they charge air and prepaid hotel through amextravel.com. In addition, you earn one Membership Rewards® point for each dollar in eligible purchases. And now you can earn 1.5 points per dollar spent on each purchase over $5,000 for up to 1 million additional points each year.

Those rewards can be redeemed to cover business expenses, for travel or for any number of products and services.

If you do decide to redeem your points for flights, you can make your rewards go further by booking on a qualifying pre-selected airline. The Business Platinum® Card from American Express OPEN card members receive 3.5 points back for every 10 points they redeem for flights on a qualifying, pre-selected airline or for any business- or first-class flight purchased through American Express Travel.

While we're on the subject of travel perks, that is where The Business Platinum® Card from American Express OPEN truly earns its annual fee and appeals to the road-weary business traveler out there.

First, there's the airline fee credit. You can earn up to $200 annually in statement credit to cover incidental airline fees – checked bags, in-flight meals, seat upgrades, etc. – on a qualifying airline that you select (the same airline that you'll earn 35 percent of your points back on when you redeem). You'll be able to change your selection each January if you want. If you take advantage of the full credit, you effectively lower the annual fee from $450 to $250 just by utilizing this one perk.

A couple of fees you WON'T be paying with The Business Platinum® Card from American Express OPEN are airport lounge access fees and Wi-Fi access fees. That's because The Business Platinum® Card from American Express OPEN cardholders enjoy free access to hundreds The American Express Global Lounge CollectionSM, as well as 10 passes for in-flight Wi-Fi on participating airlines annually and access to more than 1 million Boingo hotspots worldwide.

Oh, and The Business Platinum® Card from American Express OPEN also reimburses you once every five years for your TSA Precheck or Global Entry application fees.

All these fees you AREN'T paying go a long way to offsetting the seemingly steep annual fee.

Moving on, The Business Platinum® Card from American Express OPEN cardholders are also eligible to enroll in complimentary Starwood Preferred Guest® (SPG ®) Gold Preferred Guest status and Hilton HHonors Gold status. While each program comes with its own set of perks and features, suffice it to say you'll enjoy VIP treatment and discounts at the respective hotel properties when you enroll.

The Business Platinum® Card from American Express OPEN comes with no pre-set spending limit and functions as a charge card, not a credit card, which means you'll need to pay off your balance in full each billing cycle (some cardholders could be eligible for a pay-over-time feature). That's actually a good way to keep your business spending under control.

And the card's signup bonus of up to 75,000 Membership Rewards® points after spending $10,000 in purchases (50,000 points) plus an additional $10,000 (25,000 more points) in your first three months of membership, is sure to get you off on the right rewards-earning foot.

Just in case you didn't assume as much, you won't be paying foreign transaction charges with The Business Platinum® Card from American Express OPEN, so it's a solid business travel option whether you're staying in the U.S. or headed abroad.

Potential Downsides of The Business Platinum® Card from American Express OPEN

Obviously, the $450 annual fee is something to consider with this card. Many business owners, especially those just getting their businesses off the ground and counting every penny poured into building the business, would likely benefit more from a business rewards card with a lower annual fee. You can always upgrade later.

It's also important to note that this is a charge card, not a credit card. That means that all charges made on the card must be paid in full when you receive your periodic statement. Pay late and you'll incur a late fee of $38 or 2.99 percent of any past due, pay-in-full amount, whichever is greater. If you anticipate needing to carry a balance at any point, you'll want to look for another card.

How The Business Platinum® Card from American Express OPEN Compares to Other Business Rewards Cards

The Business Platinum® Card from American Express OPEN vs. Capital One® Spark® Miles for Business

The Capital One® Spark® Miles for Business credit card offers you the simplicity of a flat-rate rewards card and the perks of a travel business card in one. With a $59 annual fee (waived for the first year), you stand to easily offset that fee and then some with the two-miles-per-$1- spent on all your purchases rewards.

Miles earned with your Capital One® Spark® Miles for Business can be redeemed for travel without any blackout dates or seat restrictions. There are additional redemption options, such as cash back and gift cards, available as well.

That said, if you appreciate some added creature comforts when you fly for business, Capital One® Spark® Miles for Business won't necessarily put those at your disposal like The Business Platinum® Card from American Express OPEN does, but you will also only pay a $59 annual fee.

Who Should Get This Card?

Frequent business travelers who appreciate some added comforts when they travel and can offset the $450 annual fee with the rewards they earn are ideal candidates for the The Business Platinum® Card from American Express OPEN. If the added travel perks don't mean that much to you, you might want to consider another business card with higher rewards-earning potential.

This page was last updated on June 28, 2017

This card compared to other business cards

Promotional Offer
75,000 Membership Rewards® points 
Earn 50,000 Membership Rewards points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership
Purchase Intro
APR:
N/A
APR:
N/A
APR:
0% on Purchases
Period:
for 9 months
Purchase APR
N/A
17.74% (Variable) 
13.24% - 20.24% Variable 
Annual fees
$450
$0 intro for first year; $59 after that
$0
CardRatings.com Editorial Staff

The Business Platinum® Card from American Express OPEN details

Promotional Offer
75,000 Membership Rewards® points 
Earn 50,000 Membership Rewards points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership
Purchase Intro
APR:
N/A
Purchase APR
N/A 
Annual Fee
$450

What American Express says about this card

  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • New: Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2016
  • Terms Apply

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Featured offers
Currently available on the The Business Platinum® Card from American Express OPEN
75,000 Membership Rewards® points
Earn 50,000 Membership Rewards points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership

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Apply online for Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business

  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $59 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount, anytime
  • Get employee cards at no additional cost, and earn rewards from their business spend
Credit Needed:
Excellent, Good
Apply online for SimplyCash® Plus Business Credit Card from American Express

SimplyCash® Plus Business Credit Card from American Express

  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
Terms and Limitations Apply
Credit Needed:
Excellent, Good