Business Platinum Card from American Express

Last updated on: April 5, 2021
  • 75,000 Membership Rewards points
  • $499 Annual fee
Best offer is available via a referral link
Signup bonus:
75,000 MR points upon spending $7,000 in the first three months
Annual fee:
Earning rate:
1.25 MR points per dollar spent all purchases
Referral bonus:
20,000 MR points per referral, up to a maximum of 225,000 MR points per calendar year
Perks & benefits:
Unlimited Priority Pass lounge access
Marriott Gold status
Fine Hotels & Resorts
Platinum Concierge

The Business Platinum Card from American Express is arguably the premier credit card in Canada. It’s got it all: best-in-class travel perks, a high base earn rate in a transferable points currency, and the premium allure of a flashy metal finish.

Despite the steep annual fee, the huge welcome bonus makes the card unquestionably worth it for the first year, and the ongoing benefits might even tempt you to keep it for years to come.

Bonuses & Fees

For an annual fee of $499, the American Express Business Platinum Card offers 75,000 Membership Rewards points upon spending $7,000 within the first three months if applying via a referral link.

The standard offer on the Amex website is 50,000 MR points, while applying through a referral link gives you 75,000 MR points. Both have a relatively higher annual fee of $499 and a minimum spending threshold of $7,000 in the first three months.

You can also earn 20,000 MR points for every successful referral you make to any eligible card in the Membership Rewards family, up to a maximum of 225,000 MR points per calendar year.

Earning Rewards

In terms of earning points on your everyday spending, the Business Platinum Card offers a straightforward 1.25 MR per dollar spent on all purchases – no need to worry about different rates for each category.

Perks & Benefits

As with the Platinum Card, the Business Platinum also comes with similar travel-related benefits. You can earn instant Gold Elite status with Marriott’s hotel loyalty program, giving you benefits such as room upgrade, free internet, and late checkout when staying at hotels.

It’s worth deliberating on the lounge access benefits of the card. The Business Platinum Card grants complimentary access to Priority Pass lounges for you and one guest, as well as Plaza Premium lounges and American Express Centurion Lounges for you, your spouse, and two children under the age of 21 or one travelling companion.

Another outstanding benefit is access to American Express’s Fine Hotels & Resorts program, which allows you to book special rates at select luxury hotels around the world. These rates include perks such as suite upgrades, daily breakfast for two, and benefits unique to each property (examples include a private airport transfer or a spa & dining credit). The FHR program often pops up with third-night-free or fourth-night-free offers as well, meaning that there’s plenty of good deals to be had.

Lastly, the Platinum Concierge is worth a brief mention. They’re an extremely professional “global concierge” team that’s able to help you out with any and all requests you may have, wherever you are. In the past, they’ve helped me out with everything from restaurant bookings to last-minute flower orders.

They aren’t miracle workers, so don’t expect them to be able to snag a spot for you at the hottest restaurant in town for tomorrow evening, but they will proactively put you on the waitlist or look to confirm a spot for you on some future date. Personally, I do find it incredibly useful to have a capable, service-oriented Platinum Concierge just a call away.

Insurance Coverage

The insurance provided by the Business Platinum Card is extremely comprehensive. In fact, I’d say that the coverage provided by the Business Platinum is the most complete out of all the Membership Rewards cards, since the card offers both top-notch travel insurance benefits and insurance geared towards small business owners.

There’s the essential emergency medical insurance up to $5,000,000, travel accident insurance up to $500,000, and the usual assortment of insurance against flight delays, trip interruption, trip cancellation, car rental accidents, hotel burglaries, and lost, stolen, or damaged baggage. But there’s also the Disability Plan for Small Business, which covers you as a sole proprietor for up to $10,000 in the unfortunate event of permanent, total disability as the result of an accidental injury. In terms of insurance coverage, the Business Platinum Card offers the best of both worlds.

Apply Now

There's no minimum income requirement for this card, and while the Business Platinum Card is geared towards small business owners, you don't need to be a registered small business owner to apply.

If you’re interested in the card, consider applying via the below link to support the site and earn the maximum signup bonus of 75,000 MR points.

  1. Avatar

    According to your description is it not a requirement to have a registered Business to apply

    However I just received a phone call from American Express that they want proof that I am the owner of the Business registration I told them that that’s not a requirement at the application they said that still if the account is under review that they could ask for it

    However my Business is registered in the USA and they need a Canadian registered Business the agent said they will cancel the Business card if I cannot provide

    I asked for a manger to call back as this does not sound right at the application they only ask the following
    Before we can consider your application, please ensure you can say yes to the following:
    You are a Canadian resident and have a Canadian credit file
    You are of the age of majority in your province or territory of residence

    1. Josh

      It’s not a requirement to apply, but Amex might review your account based on your spending patterns. A sole proprietorship should satisfy them; if they insist on documents, you can register with Ownr (takes about a week to get your paperwork).

  2. Avatar

    I had a small an Amex small business card 3 years ago. Does anyone have an experience with the following condition? This term is unique to PoT’s link
    This offer is only available to new American Express Small Business Cardmembers. For current or former American Express Small Business Cardmembers, we may approve your application, but you will not be eligible for the welcome bonus.

    1. Avatar

      DP: Applied and got approved and confirmed I qualify for the Prince of Travel offer even though I have had an Amex Business card (non-platinum) in the past.
      It seems like that peculiar condition is not enforced in my case. YMMV

  3. Avatar
    Ron Sigal

    It’s a very bad idea to cancel the card right after getting the signup bonus. Amex would consider this to be gaming the system and would be less likely to approve you for subsequent cards. You would have paid the annual fee anyway. Might as well keep it until the renewal date in a year.

  4. Avatar
    Daddie G

    For me and my wife personally we had been juggling these cards, Biz Plat, Personal Plat, Aeroplan, Amex Gold, now Cobalt and Amex Reserve for years. We’ve been getting bonuses non stop, churning renewing. I believe it has to do with your credit score and how much you spend on the cards. We own Businesses and we obviously more than Max out the Spending requirement way before the 3 month mark on these cards. I believe it depends YMMV, been doin this for 9yrs now. Thanks Prince of Travel!

    1. Avatar

      Wow! I admire your work. Can you provide a more detailed sequence of applying for an cancelling cards? So far the only card I have applied twice in AMEX PLAT BUS.
      I generally cancel after 6-8 months then reapply 6-9months later.

  5. Avatar
    Christa Paquin

    Does anyone know if you have more than 1 business, can you apply in the different business name but be the cardholder? Or is it 1 bonus per card holder?

  6. Avatar

    Can you refer people to the new choice no annual fee card with the Amex Business plat?
    If you can i might actually be able to convince my friends to get into amex cards Lol

  7. Avatar
    Prashant Bavi

    I am up for renewal of this card and got rewarded handsomely in cash back credits in 2020 (~600$). I already had Amex personal. Should I switch to Amex personal hope to get the sign up reward points. Or play safe and just got for amex aeroplan reserve card? Will that car also offer cash back offers that are as lucrative as Amex plat? Too many Qs but the main Q is- Do i renew Biz plat or switch to Personal plat or Get Aeroplan reserve?

    Thanks to this blog, Ricky’s never tiring endeavours and ever optimistic exuberance(IMO a bit irrational at times, especially this year!)

    Happy Holidays and to a 2021 with more churning?

    1. Ricky

      Alas, doing things that may appear ridiculous and irrational can be a big part of why we do what we do. 😉

      I’d say that the Aeroplan Reserve is a safer bet. Repeat signup bonuses are getting less likely with Amex these days. Since it’s a flagship new product I think the Aeroplan Reserve is likely to get many similar offers (like the current 5,000 points upon spending $250 offer for the end of the year).

  8. Avatar

    Now I am unsure if I should apply for the new Amex Aeroplan or not, I know its a new card but to pay the $499 annual fee again and not get the bonus points is pretty disappointing

  9. Avatar

    No 75,000 welcome bonus after the min spend which I did in the first month. They said I have had the card before , must have been many years ago though I applied for the Gold personal which I have had 10+ time before and I got the 25,000 bonus.

  10. Avatar
    Kimberly Millsap

    So if I make a referral to someone and they get another amex card, but not the business platinum do I still get 20,000 MR points?

    1. Ricky

      Yes! They can apply for either the Business Gold and Business Edge under the referral offer too.

  11. Avatar

    I got rejected. I owned the ae business gold card. The agent said that I previous had this card, but I replied it was 8 years ago. Then she said ” well you already had 1x are business card, you only allow to have one business card with ae”.
    I have healthy credit score. Was click the link from here for application.
    Not sure what else I can can try? And suggestions?

    1. Avatar
      Ron Sigal

      Was the application rejected outright, or did they just say you would not qualify for the welcome bonus?

  12. Avatar
    Kyrie English

    Would you consider this a get sign up bonus then cancel card for small spenders with no big travel plans? What are the chances of someone with 770 credit score and 9 years of credit history getting it as the first card?


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