American Express has come on strong in 2021 with limited-time benefits and bonuses on several Amex cards, especially on The Platinum Card® from American Express.

There’s now an even higher offer for small-business owners. The Business Platinum Card® from American Express has increased its welcome offer to 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership.

This is an excellent opportunity to earn a ton of Amex Membership Rewards points and take advantage of valuable benefits, especially as people start traveling again. Amex points don’t expire, so there’s no rush to use them, and if you’re not ready to hit the road yet, there are plenty of non-travel redemption options as well.

The Amex Business Platinum Card does come with a hefty $695 annual fee (See Rates), so it’s not for everyone. However, the card offers top-tier benefits like up to $400 per calendar year in statement credits toward U.S. Dell purchases**, up to $200 in airline incidental fee credits** per calendar year, and airport lounge access. If you’re able to maximize the card’s perks, the annual fee on the Amex Business Platinum is well worth it.

Here’s what to know if you’re considering the offer.

Amex Business Platinum bonus

The Business Platinum Card® from American Express

Annual Fee

$695 

Regular APR

14.49% – 22.49% Variable 

Recommended Credit Score

Good to Excellent

American Express The Business Platinum Card® from American Express
4.8/5

Editor’s Rating
Pros & Cons

New Amex Business Platinum Card members will earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership. According to Insider’s points and miles valuations, American Express Membership Rewards points are worth, on average, 1.8 cents apiece — so the welcome bonus alone is potentially worth about $2,160 if you redeem rewards for travel.

With the Amex Business Platinum Card, you’ll also earn 5x points on flights and prepaid hotels booked through Amex Travel, 1.5x points on single purchases of $5,000 or more (up to $2 million per calendar year), and 1 point per dollar on everything else.

The Amex Business Platinum benefits can outweigh the annual fee

There’s no doubt the $695 annual fee on the Amex Business Platinum Card is a lot, even for a premium card. The Amex Business Platinum Card certainly isn’t for everyone, but if you’re able to make the most of the spending categories and the slew of valuable perks the card offers, it’s easy to get a value that far exceeds the yearly cost.

For example, the Amex Business Platinum Card comes with:

  • Up to $400 per calendar year in Dell statement credits ($200 from January to June, and $200 from July to December)
  • Up to $200 per calendar year in incidental fee credits on your selected airline (you can use the Amex airline incidental fee credit on things like checked-bag fees, seat selection, pet fees, and inflight food and drinks)
  • A 35% points rebate when you redeem points for first- or business-class tickets, or for any fare with your selected airline, when you redeem through Amex Travel (up to 500,000 points back per calendar year)
  • Airport lounge access, including Amex Centurion lounges, Priority Pass lounges**, and Delta Sky Club lounges when you’re flying Delta
  • Global Entry ($100) or TSA PreCheck ($85) application fee credit every four years
  • Complimentary Gold elite status with Marriott Bonvoy and Hilton Honors**, which gets you perks like upgrades and late check-out

The card also gets you access to travel programs like American Express Fine Hotels and Resorts and The Hotel Collection, and comes with top-notch purchase and travel protections that can be a lifesaver if you ever have to use them.

Even if you’re not ready to venture far from home just yet, the Amex Business Platinum Card could be worth considering for the welcome bonus alone. There are plenty of ways to use Amex Membership Rewards points even if you’re not traveling, including toward statement credits, gift cards, merchandise, and food delivery.

Or, you can do what many are already doing and save your points for a big trip once the pandemic is over. Your points won’t expire as long as you have a Membership Rewards card account open and in good standing, so there’s no harm in earning the bonus now for travel down the road.

Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles. She has covered credit cards, points and miles, and loyalty programs for over seven years, and she’s a Certified Educator in Personal Finance (CEPF).

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