American Express Business Platinum Card review
- Interest-free each billing period
- Up to 54 days
- Earn rate
- 1 point per £1 spent
- Intro bonus
- Up to 40,000 points
Our verdict
A business charge card designed for companies with frequent overseas travel… and did we mention it’s made of metal?
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
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Earn points on day-to-day spending
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Airport lounge access
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£200 annual travel credit when you spend at American Express Travel Online
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Up to 54 days to spread the cost of purchases (provided you pay off your balance in full each month)
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Customers report excellent customer service when dealing with American Express
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Up to 40,000 Membership Rewards® welcome bonus
Cons
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Applicants with low credit scores are unlikely to get accepted
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Relatively high fee of £650
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Only 1 free supplementary card
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Non-sterling transaction fees apply
Details
Product Overview
| Network | Amex |
| Annual/monthly fees | £650 |
| Purchases | N/A (this product is a charge card). |
| Purchases interest-free period | Up to 54 days |
| Maximum credit limit | Subject to status |
| Additional cards available | Add up to 1 complimentary Platinum Business Charge Card (thereafter an annual fee applies to each), and up to 19 complimentary Gold Business Charge Cards. |
| Incentive | Earn 40,000 bonus Membership Rewards® points when you spend £6,000 in the first 3 months. Terms apply. |
| Additional Rewards Info | Earn 30,000 Membership Rewards points for each approved referred friend. |
| Introductory Rewards | Earn 40,000 bonus Membership Rewards® points when you spend £6,000 in the first 3 months. Terms apply. |
| Lounge access | Unlocks access to more than 1200 airport lounges across 130+ countries, including The Centurion Lounges and membership of PriorityPass. |
| Potential costs | 3.5 ★★★★★ |
| Doing its job | 4.5 ★★★★★ |
| Extras | 4.0 ★★★★★ |
| Overall Finder Score | 3.5 ★★★★★ |
Fees and charges
| Minimum monthly payment | Full outstanding balance |
| Annual/monthly fees | £650 |
| Foreign usage charge (EU) | 2.99% |
| Foreign usage charge (rest of world) | 2.99% |
| Late payment fee | £12 |
| Duplicate statement fee | £2 |
| Additional card fee | £0 |
| Additional card fee note | The first additional Platinum Business Card is complimentary, thereafter each card will be charged an additional £295 p.a. Up to 19 complimentary additional Gold Business Cards are available. |
Application Requirements
| Minimum Age | 18 |
| Residency | Applicants must have a permanent UK home address. |
| Availability | You will not be eligible for any Welcome Bonus award if you currently hold or have held any Membership Rewards enrolled American Express Card in the past 6 months. |
| Additional Criteria | The business must have a current UK bank or building society account. |
How does this deal compare?
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 Business Platinum 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.
Customer support
To contact customer support for the American Express® Business Platinum Card, you can call 0800 917 8043.
Finder credit card scores
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.
Frequently asked questions
