The Business Platinum Card from American Express is a top choice for traveling business owners, with a 3.6 out of 5 rating from CNET. It offers a welcome bonus of 150,000 Membership Rewards points after spending $20,000 in the first 3 months. The card is recommended for individuals with a credit score of 670 to 850 and has an APR ranging from 19.49% to 28.49% variable. The rewards program offers 5X points on flights and prepaid hotels on AmexTravel.com, as well as 1.5X points on select purchases and 1X points on all other eligible purchases.
The redemption options for American Express Membership Rewards points include statement credits, travel bookings, gift cards, online shopping, and point transfers to airline and hotel partners. Cardholders can also shop online at major brands using their points. The best redemption methods are usually for airfare through American Express Travel or for select gift cards. Point transfers to Amex’s travel partners, such as Hilton Honors, can also provide good value.
The Business Platinum Card offers a premium collection of benefits for frequent travelers, including annual statement credits, airport lounge access, and elite hotel statuses. The card also includes travel protections, premium rental programs, and access to custom travel itineraries through Business Platinum Travel Service. Alternative cards like the Ink Business Preferred Credit Card and the American Express Business Gold Card may be better suited for business owners who don’t travel as frequently.
Overall, The Business Platinum Card is suitable for businesses that travel enough to take advantage of the card’s benefits and rewards. It may not be the best option for businesses with less travel expenditures or those who do not utilize the premium travel benefits offered by the card. The annual fee of $695 is offset by the various statement credits and travel perks provided by the card, making it a value-for-money option for the right kind of business owner.
