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Business Platinum Card from American Express

Last updated: April 21, 2021
  • 100,000 Membership Rewards points
  • $1,864 First-year value
Best offer is available via a referral link
Signup bonus:
100,000 MR points upon spending $10,000 in the first three months
Annual fee:
$499
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 access to Priority Pass, Plaza Premium, and Centurion lounges
Marriott Bonvoy Gold Elite status
Fine Hotels & Resorts
Platinum Concierge
Insurance:
Strong

The Business Platinum Card from American Express is arguably the leading travel rewards 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 100,000 Membership Rewards points upon spending $10,000 within the first three months if applying via a referral link.

The standard offer on the Amex website is only 75,000 MR points upon spending $7,000 in the first three months; only applying through a referral link gives you the 100,000 MR points.

The card has an annual fee of $499.

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.

Redeeming Rewards

The Membership Rewards program offers outstanding redemption opportunities as well. This is primarily because it’s a flexible, transferable rewards currency.

You can transfer your MR points at a 1:1 ratio to Aeroplan and British Airways Avios, as well as a host of other global frequent flyer programs (including Cathay Pacific Asia Miles) at a 1:0.75 ratio. Moreover, you also have the option of converting points to Marriott Bonvoy at a 1:1.2 ratio for booking hotel stays.

Furthermore, you can redeem MR points directly for flights through the Amex Fixed Points Travel reward chart, although these are limited to round-trip flights departing from Canada.

Essentially, you can use a fixed amount of points towards the base ticket price of a regular cash ticket, up to a certain maximum. The number of points required and the maximum ticket price depends on the geographical region you are visiting (you can only book roundtrip flights that originate in Canada).

Lastly, you have the option of redeeming MR points directly against travel purchases at a rate of 1 cent per point (cpp), although this is typically not recommended, as the value pales in comparison to what you could get by booking flights through Aeroplan, Avios, or even the Fixed Points Travel chart.

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 Bonvoy, 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 no need to be a registered small business owner. You can qualify for an American Express small business card as a sole proprietor, doing business under your own name.

You'll earn the best available signup bonus of 100,000 MR points if you apply using a referral link. Consider supporting Prince of Travel by applying for the card via the link below.

31 Comments
  1. Avatar
    Tiff

    If I apply through your referral link but end up only meeting $7000, do I still get 75,000 welcome bonus points as the fall back?

  2. Avatar
    Davidh

    Is there a defined expiry date for the 100,000 MR point offer through your referral. If not, would you think this offer is likely to be available for the next month or two?

    1. Josh
      Josh

      Amex tends to change their offers on a whim, and there’s no expiry date stated on this one. It’s always best to apply for an offer you like as soon as you can, but if I had to guess I’d say the brand-new 100K bonus will be around for at least another month.

  3. Avatar
    Jen

    I just got the card recently through a referral link (not here), and they would not let me get the 100k pts even though I have spent over $10k in a few weeks (only posted the 75k pts)…I called customer service but they said nothing can be done… I just can’t get over this…would you have any other suggestions? Much appreciated.

    1. Josh
      Josh

      You must’ve applied for the previous offer, perhaps with an old link (our links are always up to date 😉). Almost no chance that a credit card issuer will give you an extra signup incentive after you’ve already been approved under different terms.

  4. Avatar
    Matthew Van Geest

    If you don’t qualify for the bonus, can you cancel the card right away and get your annual fee back? I’ve had a few Amex biz cards (Amex Biz, Amex Bonvoy Biz and Amex Biz Edge) in the past. I wouldn’t want to apply, not get the bonus and still have to pay the annual fee.

    1. Josh
      Josh

      That’s a great way to get on the card issuer’s bad side. Not saying it can’t be done, but I’d expect your other Amex accounts and any future applications to be in jeopardy if you go that route.

      Paying an annual fee when you’re not strictly entitled to the bonus as per the card’s terms is a risk we take to play the points game!

  5. Avatar
    Matt

    What a great resource (especially for Canadians), thank you. My wife and I are new to this, and I’m eager to get going. If I understand correctly, we can each old four separate AmEx cards, and AmEx allows one welcome bonus per card type, per user in their lifetime (right?). However, I read that they “may also consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.” In a perfect world, my wife and I would each sign up for all of the following AmEx cards: Business Platinum, Platinum, Aeroplan Reserve, and Bonvoy. Is this indeed possible, and if so, any recommendations on the timing/sequencing of sign-ups to avoid triggering AmEx declining the welcome bonus?

  6. Avatar
    Aaron

    If I’ve had the Business Platinum card for almost a decade is there any way for me to get this bonus now? Can I cancel and start over or use one of my other businesses?

    1. Josh
      Josh

      Better to open the card for a spouse or parent, in case Amex denies you the bonus on the basis of being a repeat cardholder.

  7. Avatar
    Canh Nham

    Would you have a referred link for the 100,000 sign up bonus?

    1. Josh
      Josh

      You’ll get the best available bonus (via referral link) if you use our application link above.

  8. Avatar
    Larry

    Applied today using your link and approved right away! Thanks.

  9. Avatar
    Dov

    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
      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).

  10. Avatar
    DC

    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
      DC

      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

  11. 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.

  12. 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
      Grantie

      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.

  13. 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?

  14. Avatar
    Len

    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

  15. 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
      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).

  16. Avatar
    Jaz

    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

  17. Avatar
    Jaz

    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.

  18. 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
      Ricky

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

  19. Avatar
    Ken

    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?

  20. 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?

Ricky

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