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American Express Platinum Business Card review 2021

A business charge card designed for companies with frequent overseas travel… and did we mention it’s made of metal?

You say: ★★★★★We say: ★★★★★

Up to 54 days

Interest-free each billing period

Earn 1 point

per £1 spent

Up to 40,000 points

Intro bonus

Details

NetworkAmex
Annual/monthly fees£595 p.a.
PurchasesN/A (this product is a charge card).
Purchases interest-free periodUp to 54 days
Max credit limitNot specified
Additional cards availableAdd up to 1 complimentary supplementary Platinum Business Charge Card (thereafter an annual fee applies to each), and up to 98 complimentary supplementary Gold Business Charge Cards.
IncentiveNew Cardmember offer: Earn 40,000 Membership Rewards® points when you spend £6,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter.
Lounge accessUnlocks access to more than 1200 airport lounges across 130+ countries, including The Centurion Lounges and membership of PriorityPass.

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

If your business has an irregular income or irregular outgoings (what business doesn’t?), then a business charge card can boost your spending power and offer stability.

With a charge card, you’re expected to pay your balance in full every month. But provided you do that, with this card you’ll be able to take advantage of up to 54 days of 0% interest on purchases (although there are fees to pay if you fail to clear your balance) each billing cycle. The benefits of charge cards include flexibility with payments (purchases at the start of the billing cycle are paid for at the end of the billing cycle) and, in many cases, rewards on your spending.

Some of the key benefits of this card include airport lounge access, Hilton Honors Gold Status, a concierge service, comprehensive worldwide travel insurance (subject to enrolment) for trips of up to 120 days and the opportunity to earn Membership Rewards points as you spend (with a generous bonus on sign-up, subject to a minimum spend).

The option of additional cards enables you to extend benefits to colleagues and employees and easily keep track of business expenses. You’ll be able to request one additional card for free, and thereafter each incurs an annual fee.

Pros and cons

Pros

  • Up to 54 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • Customers report excellent customer service when dealing with American Express
  • Earn points on day-to-day spending
  • Up to 40,000 points introductory bonus
  • Airport lounge access

Cons

  • Annual fee
  • Applicants with low credit scores are unlikely to be eligible

How does this deal compare?

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Initial credit limits Representative APR Incentive Link
American Express Platinum Business Card
N/A (this product is a charge card).
£595 p.a.
Min. limit not specified, max. limit not specified.
N/A (this product is a charge card).
New Cardmember offer: Earn 40,000 Membership Rewards® points when you spend £6,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter.

Go to site
American Express Gold Business Card
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £175
Min. limit not specified, max. limit not specified.
N/A (this product is a charge card).
New Cardmember offer: Earn 20,000 Membership Rewards® points when you spend £3,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter.

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Amazon Business Prime American Express Card
21.9%
Year 1 - £0, Year 2 onwards - £50 per annum
Min. limit £500, max. limit not specified.
32.6% APR (variable)
Earn 2% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 90 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable).
Go to site
Amazon Business American Express Card
21.9%
£50 per annum (first year waived – limited offer)
Min. limit £500, max. limit not specified.
32.6% APR (variable)
Earn 1.5% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 60 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable).
Go to site
British Airways American Express Accelerating Business Card
22.2%
£250 per annum
Min. limit £1,000, max. limit not specified.
96.7% APR (variable)
Limited time offer: Earn 60,000 bonus Avios when you spend £5,000 in your first three months. Earn 1.5 Avios for every eligible £1 spent on card and 2 On Business Points for every £1 spent with BA on eligible flights. 10,000 bonus Avios for every £20,000 spent (max £60,000 pa) per calendar year.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of £250 per annum, your representative rate is 96.7% APR (variable).
Go to site
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Compare up to 4 providers

Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
£200 BONUS
Allstar Plus ‘All-in-one’ Business Credit and Fuel Card
N/A (this product is a charge card).
Year 1 - £0.99 per card per month,
Year 2 onwards - £3.99 per card per month
N/A
N/A (this product is a charge card).
Go to site
Earn an introductory bonus of £200, up to 44 days interest free on purchases (subject to status), savings on fuel at 1,500 Discount Diesel sites plus a 10% saving on vehicle servicing, repair, tyres and car washes at venues nationwide.
Capital on Tap Business Rewards Credit Card
26.4%
£99 p.a.
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn 1 point for every £1 spent. 1 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
CASHBACK
Barclaycard Business Select Cashback Credit Card
21.9%
£0
1% cashback
21.9% APR (variable)
Go to site
Earn 1% cashback on eligible spend. T&Cs apply
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
£100 GIFTCARD
Amazon Business American Express Card
21.9%
£50 per annum (first year waived – limited offer)
1.5 points per £1 spent with selected partners
1 point per £2 spent elsewhere
32.6% APR (variable)
Go to site
Earn 1.5% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 60 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable).
American Express Gold Business Card
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £175
1 point per £1 spent
N/A (this product is a charge card).
Go to site
New Cardmember offer: Earn 20,000 Membership Rewards® points when you spend £3,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter.
Capital on Tap Business Credit Card
26.4%
£0
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn 1% cashback for every £1 spent. Upgrade to Capital on Tap Business Rewards Card for £99 pa to choose between earning cashback or Avios and receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
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Compare up to 4 providers

Repayment options

You can make manual repayments through American Express's app, by logging in to your online banking or over the phone . Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply

If you've compared cards and settled on the American Express Platinum Business Card, you can head over to American Express's secure online application to apply. Don't forget, you'll need to be over 18 and a UK resident to apply.

Frequently asked questions

How much does it cost to use the American Express Platinum Business Card abroad?

Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£169.08), it'll cost you around £5.06 in fees.

Can I get additional American Express Platinum Business Cards for my team?

Yes. American Express doesn't specify a maximum number of cards you can request. There's no fee for additional cards. Plus, with additional cards, you could earn points at a faster rate.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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