American Express Platinum Business Card review January 2020
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 40,000 points
Earn 1 point
per £1 spent
Up to 54 days
Interest-free each billing period
|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||Earn 40,000 bonus Membership Rewards® points when you spend £6,000 in first 3 months of Card membership. 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.
How does this deal compare?
How to apply for the American Express Platinum Business Card
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that your company meets the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.
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Our team evaluates credit cards to determine their value against similar products on the market.
We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.