American Express Business Platinum credit card is perhaps one of the most beneficial business credit cards on the market in terms of racking up points and rewards. Although this card comes with an annual fee of $450, one could undoubtedly exceed that amount in perks and rewards if running even a small to medium-sized business.
Like most other credit cards from American Express, the Business Platinum card does not accrue interest and balances are to be paid in full each month (unless using the extended payment option). It’s basically a card meant for large spenders with the perks for travelers being valued at approximately $3,000. If you or any of your employees travel even semi-regularly throughout the year, the $450 annual fee quickly pays for itself.
Rewards Program for American Express Business Platinum Card:
- Earn one point for every dollar spent
- Earn double points when you book with American Express Travel
- Earn 4X points when you shop at the Bonus Points MallPoints are earned based on how you use your Card.
- Points never expire
Fees Associated with American Express Business Platinum Card:
- $450 annual fee
- Additional Business Platinum Card for employees: $300
- Late payment fee varies from state to state, from 0 to the greater of $35 or 2.99% of the delinquent balance
This card also possess several features which enable you to stay productive while operating your business. For instance, Express Management Tools permit card members to create customized reports based on spending data. You can then download the information into Quickbooks for simplified budgeting.
For employees who may be traveling or on the road frequently, they have the “OPEN Savings plan” which provides savings of 3 to 25% when you make purchases from companies like FedEx and Hyatt Hotels. The 24-hour American Express OPEN customer service center provides more spending flexibility and can accommodate card replacement requests, credit line increases, extended payment options and more.