American Express Launches a Limited-Time Offer on the Business Platinum—Here’s who should apply

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Business owners can earn, for a limited time,150,000 Membership Rewards points with a new offer from the The Business Platinum Card® from American Express, if they can meet a hefty spending requirement. 

Beyond the welcome bonus, the card is worth considering if you want premium business and travel perks and can afford a steep annual fee. 

Detailing the new American Express Business Platinum bonus

The Business Platinum Card® from American Express is currently offering 150,000 bonus points when you spend $20,000 in the first three months of card membership. That comes out to roughly $6,667 per month, putting it out of reach for many small business owners. 

But if your business easily clears that much in operating expenses, the bonus is worth up to $1,500 if you redeem points directly with American Express or possibly even more if you transfer your rewards to one of the card issuer’s frequent flyer program partners. 

One thing to keep in mind before you apply is that American Express has a strict once-per-lifetime policy for its welcome offers. If you’ve earned the Business Platinum Card’s welcome bonus in the past, you may be ineligible to receive it again. The good news is that Amex will inform you with a pop-up if you are ineligible when you apply and will cancel the application before submitting it if you choose not to go forward.   

The Business Platinum Card® from American Express

See Rates and Fees

Intro bonus

Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases within the first 3 months of card membership

Annual Fee $695
Purchase APR 19.49% – 28.49% variable
Foreign Transaction Fee None

yH5BAEAAAAALAAAAAABAAEAAAIBRAA7The Business Platinum Card® from American Express

Other rewards and card benefits

On an ongoing basis, the card offers 5x points on flights and prepaid hotel stays booked through amextravel.comand 1.5 points per dollar on up to $2 million spent annually in the following categories:

  • U.S. construction material and hardware suppliers
  • Electronic goods retailers
  • Software and cloud system providers
  • Shipping providers, 
  • Purchases of $5,000 or more, regardless of the spending category

All other purchases will net you 1 point per dollar. The Amex Business Platinum Card charges a $695 annual fee, but if you take advantage of the card’s array of premium benefits, you can get more than $1,000 in value each year through its business and travel perks. 

Some of the more prominent benefits include:

  • Business credits: You’ll get up to $200 semi-annually in statement credits toward U.S. purchases with Dell Technologies, up to $400 in total each year. You’ll also get up to $90 per quarter— up to $360 per year—in statement credits toward purchases with Indeed, and up to $150 back for select auto-renewing subscriptions with Adobe. All of these credits are good through Dec. 31, 2024.
  • Travel credits: Each year, you can get up to . You’ll also get up to $200 in statement credits per calendar year when incidental fees are charged by the airline to the card (select one qualifying airline).
  • Other travel perks: Other premium benefits include complimentary access to several airport lounge networks, elite status with select hotel loyalty programs and rental car companies and an application fee credit toward Global Entry or TSA PreCheck.
  • Wireless credit: The card offers up to $120 in statement credits toward purchases with U.S. wireless telephone service providers, broken down into $10 per month.

Should you apply for the Business Platinum Card’s limited-time offer?

If you’ve had your sights set on the Amex Business Platinum for some time, now may be a good time to pull the trigger and apply. 

However, it’s crucial to ensure that you can meet the card’s minimum spending requirement before you submit an application. While the card allows you to carry a balance with the Pay Over Time feature, the interest rate can be steep, and any balance beyond the Pay Over Time limit must be paid in full each month. 

Also, consider the card’s annual fee and perks. While you can get enough value from its benefits to offset the annual cost each year, it’s only helpful if you’d make those purchases with or without the incentive. 

If you aren’t certain whether the Business Platinum Card is the right fit, take some time to research and compare other top business credit cards to ensure you pick the best credit card for your small business needs.

To view rates and fees of the The Business Platinum Card® from American Express, see this page 

Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit guide for more details. Underwritten by Amex Assurance Company. 

Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying. 

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