American Express Platinum Business Card review 2022

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
Maximum 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.
IncentiveEarn 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.
Additional Rewards InfoEarn 18,000 Membership Rewards points for each approved referred friend.
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 personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. 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

  • Applicants with low credit scores are unlikely to get accepted
  • Relatively high fee of £595 p.a.
  • Only one free supplementary card
  • 2.99% non-sterling transaction fee

How does this deal compare?

Table: promoted then other popular deals
1 - 5 of 5
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).
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).
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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British Airways American Express® Accelerating Business Card
23.6%
£250 per annum
Min. limit £1,000, max. limit not specified.
99.2% APR (variable)
Earn 30,000 bonus Avios when you spend £5,000 in the first three months of Cardmembership. 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 23.6% (variable) p.a. with a fee of £250 per annum, your representative rate is 99.2% APR (variable).
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Amazon Business Prime American Express Card
23.0%
Year 1 - £0, Year 2 onwards - £50 per annum
Min. limit £500, max. limit not specified.
33.8% APR (variable)
Earn 2% Amazon Rewards for every £1 spent on selected Amazon purchases and 0.5% Amazon Rewards for every £1 spent on all purchases elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 23.0% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 33.8% APR (variable).
Amazon Business American Express Card
23.0%
Year 1 - £0, Year 2 onwards - £50 per annum
Min. limit £500, max. limit not specified.
33.8% APR (variable)
Limited time offer: receive a £75 Amazon.co.uk Gift Card upon approval. Terms apply. 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 23.0% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 33.8% APR (variable).
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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
CASHBACK
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).
NatWest Business Credit Card (only available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% APR (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
AVIOS
Capital on Tap Business Rewards Credit Card
26.4%
£99
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn points on all card spend. Points can be redeemed for Avios or 1% cashback. 10,000 bonus points when £5,000 is spent on card in 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).
CASHBACK
Barclaycard Select Cashback Business Credit Card Mastercard
21.9%
£0
1% cashback
21.9% APR (variable)
Go to site
Get 1% cashback uncapped on all your business spend and an additional 2% cashback on all spend with BT and EE. T&C's 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).
RBS Business Credit Card (only available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% APR (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
Allstar Plus ‘All-in-one’ Business Fuel Card
N/A (this product is a charge card).
£3.99 per card per month
N/A
N/A (this product is a charge card).
Go to site
Up to 44 days interest free on purchases (subject to status), savings on fuel at 1,600 discount diesel sites plus a 10% saving on vehicle servicing, repair, tyres and car washes at venues nationwide.
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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

Finder credit card ratings

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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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