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: ★★★★★
Doing its job: 4.5/5
In a nutshell:
Up to 54 days
Interest-free each billing period
Earn 1 point
per £1 spent
Up to 100,000 points
|Annual/monthly fees||£595 p.a.|
|Purchases||N/A (this product is a charge card).|
|Purchases interest-free period||Up to 54 days|
|Max credit limit||Not specified|
|Additional cards available||Add 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.|
|Incentive||New Cardmember offer: Earn 100,000 bonus Membership Rewards® points when you spend £10,000 in first 3 months of Cardmembership. Offer ends 9th April 2021. Terms apply. Earn 1 Membership Rewards® point for every £1 spent thereafter.|
|Lounge access||Unlocks access to more than 1200 airport lounges across 130+ countries, including The Centurion Lounges and membership of PriorityPass.|
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.
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
- 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 100,000 points introductory bonus
- Airport lounge access
- Annual fee
- Applicants with low credit scores are unlikely to be eligible
How does this deal compare?
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 (£172.25), it'll cost you around £5.15.
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.