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Compare platinum business cards

You’ll typically pay for these high-tiered cards, but they often have premium benefits.

To find the right Platinum credit card for your business, consider the rewards and the annual fee. In the table below, select your credit score and choose "Show Cards" for a comparison of several platinum business cards, including a look at their annual fees and APR.

1 - 3 of 3
Name Product Rewards Purchase APR Annual fee
The Business Platinum Card® from American Express
5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
1.5 X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million per calendar year.
$695
Earn 120,000 points after spending $15,000 on purchases in the first 3 months from account opening. Rates & fees
Wells Fargo Business Platinum Credit Card
Choose 1.5% cash back or 1x points on all purchases
0% intro for the first 9 months (then 11.24% to 21.24% variable)
$0
Get a one-time $300 cash back bonus when you enroll in the cash back rewards program and spend $3,000 in the first 3 months
Bank of America® Platinum Plus® Mastercard® Business card
N/A
0% intro for the first 7 billing cycles (then 10.99% to 21.99% variable)
$0
$300 statement credit online bonus after making at least $3,000 in net purchases in the first 90 days of account opening.
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If you want premium perks, a platinum business card might be right for you. This type of product typically comes with a high annual fee but expansive features. Because of that, these are sometimes referred to as luxury business cards as well.

Pros and cons of platinum business cards

Whether or not you stand to benefit from a platinum business credit card depends on your specific spending and business needs. Here’s a quick breakdown of the pros and cons:

Pros

  • Often comes with big signup bonuses
  • Strong rewards earning rates
  • Large number of perks and features suited to business and travel
  • High credit limits

Cons

  • Can come with a high annual fee and APR
  • You’ll need great credit and high income to qualify
  • Expensive if you don’t take advantage of the features

Examples of Platinum Business Cards

Platinum cards are often considered as premium or luxury business credit cards. But sometimes, a platinum card can mean a simple card with no annual fee.

Some common platinum luxury business credit cards include:

  • The Business Platinum Card® from American Express
  • Delta SkyMiles® Platinum Business American Express Card
  • The Marriott Bonvoy Business™ American Express® Card
  • The CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

And here are some of the not-so-luxury business cards that bear the platinum name:

  • Wells Fargo Business Platinum Credit Card
  • Bank of America® Platinum Plus® Mastercard® Business card
  • U.S. Bank Business Platinum

How to choose platinum business cards

There’s no such thing as a perfect card. Rather, there’s a card that works well specifically for your business. While comparing platinum business cards, consider these factors:

  • Are you willing to pay a high annual fee? When comparing, consider how much you’d like to pay for a card. A platinum card can come at a high price. For example, The Business Platinum Card® from American Express comes with a $695 annual fee (Terms apply, see rates & fees).
  • Do you want to earn rewards on your purchases? Think about how the rewards weigh against the annual fee. A card could be worth it if your business will benefit from the rewards enough to make up for the annual fee.
  • What kind of additional benefits your business needs? Premium benefits might include special hotel perks, fee credits and airport lounge access. Even if a platinum business card won’t afford you many rewards, you might still get it for its benefits.
  • Does a signup bonus matter for your finances? Platinum business credit cards often come with lucrative signup bonuses or welcome offers. Before applying for one, consider whether you can reach its signup bonus spending requirement. You get one chance to fulfill the requirement — if you don’t meet it by the deadline, you won’t get another shot.

Bottom line

Consider a platinum business card if you want top-of-the-line benefits. It won’t be cheap, but you could enjoy premium perks like travel benefits or cash back.

If you’re not sure if a platinum business credit card is right for you, you might want to consider a luxury business card or compare other business credit cards.

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