Is the Amex Business Platinum worth the annual fee...

The phrase “This card has an annual charge of practically $700” tends to trigger many individuals’s jaws to drop. The overall response, from most individuals, is that there is merely no manner paying a excessive premium annual charge is price it.

The Business Platinum Card® from American Express has an annual charge of $695 (see rates and fees), but the cardboard claims to supply greater than double that in annual credit and perks.

Does that imply it’s best to add the Amex Enterprise Platinum to your pockets? It relies upon.

This is a have a look at what you get from the Amex Enterprise Platinum annually so you’ll be able to resolve whether or not or not this card is an efficient match for you.

Associated: Who should (and shouldn’t) get the Amex Business Platinum?

Welcome bonus

New candidates can earn 150,000 bonus factors after spending $20,000 on purchases inside the first three months of card membership. Plus, you’ll be able to earn a $500 assertion credit score after spending $2,500 on qualifying flights booked immediately with airways or by American Specific Journey within the first three months of card membership. You possibly can earn one or each of those provides. (Provide ends June 30.)

Based on TPG’s Could 2025 valuations, American Specific Membership Rewards points are price 2 cents apiece, making this bonus price as much as $3,500 (together with the assertion credit score).

Associated: How to redeem American Express Membership Rewards for maximum value

Those that have the Amex Business Platinum (just like The Platinum Card® from American Express) can entry a variety of lounges, together with:

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You possibly can seek the advice of the International Lounge Assortment’s online search function to search out lounges accessible in your subsequent journey. Entry is proscribed to eligible cardmembers.

When visiting these lounges, you’ll be able to take pleasure in advantages like complimentary snacks, meals, drinks (typically together with free alcohol) and free Wi-Fi. Sure lounges could have higher advantages, corresponding to full meals, showers, kids’s play areas and extra. Phrases apply.

Associated: Guide to lounge access with the Amex Platinum and Business Platinum

Cardmembers can register for computerized elite standing with Hilton Honors and Marriott Bonvoy. This profit gives Gold standing in each packages. Enrollment is required; phrases apply.

Hilton Gold status is a really priceless lodge standing that gives advantages like bonus factors on paid stays, complimentary bottled water, a fifth evening free on award stays, room upgrades (although to not suites), and free continental breakfast or meals and beverage credit.

Marriott Bonvoy Gold Elite status can be very priceless and gives advantages like late checkout, room upgrades (although to not suites), bonus factors on paid stays, enhanced web and a welcome reward of bonus factors at check-in.

Associated: Comparing the best hotel elite status tiers and how to earn them

Cardmembers can enroll for complimentary elite standing with Avis Preferred, Hertz Gold Plus Rewards and National Emerald Club. Advance enrollment is required for these advantages; phrases apply.

Rental automobile elite standing gives advantages like automobile upgrades, a free second driver and my favourite profit: skipping the road and going straight to your automobile in the beginning of your rental. The most effective advantages of automobile rental elite standing in any program is the flexibility to status match with other rental car programs, serving to you acquire standing in quite a few packages concurrently.

Associated: Here’s everything you need to know about rental car elite status

When utilizing factors to pay for a flight by Amex Travel, Enterprise Platinum cardmembers can get 35% of their factors again. This is applicable to 2 varieties of bookings: flights in any cabin along with your preselected most popular airline and flights with any airline if the reservation is for enterprise class or firstclass.

Cardmembers can take pleasure in as much as 1 million factors refunded by this profit yearly. Reaching this most bonus would require spending 2,857,143 factors inside a calendar 12 months utilizing the Pay with Points feature to guide qualifying flights. Phrases apply.

Associated: Why I love the Amex Business Platinum’s Pay With Points perk

Amex Business Platinum cardmembers can guide stays with Fine Hotels + Resorts and The Hotel Collection.

FHR stays embody advantages like each day breakfast for 2, late checkout, complimentary Wi-Fi and room upgrades (if accessible at check-in). Every keep additionally features a distinctive expertise credit score price $100, usually within the type of eating credit or spa credit.

THC stays embody room upgrades (if accessible at check-in) and a $100 property credit score (with bookings of two consecutive nights or extra) to spend on qualifying eating, spa and resort actions. Phrases apply.

Associated: A comparison of luxury hotel programs from credit card issuers: Amex, Chase and Capital One

Business Platinum cardmembers can earn 5 factors per greenback on airfare and pay as you go lodge bookings made by Amex Journey.

This incomes charge additionally contains bookings with High quality Lodges + Resorts and The Lodge Assortment.

Associated: Get free breakfast, room upgrades and more with the Amex Fine Hotels + Resorts program

Cardmembers can obtain assertion credit to reimburse their utility charges for Global Entry ($120) or TSA PreCheck (as much as $85). This profit is obtainable each 4 years for International Entry or each 4 1/2 years for TSA PreCheck. Phrases apply.

These packages permit accredited vacationers to maneuver by airport safety checkpoints quicker, utilizing PreCheck lanes at designated airports. International Entry customers have an extra profit: They will use designated lanes when getting into the U.S. to maneuver by passport management quicker.

Associated: Global Entry vs. TSA PreCheck: Which is better?

Annual Clear Plus membership credit score

Clear will not be a authorities safety program, but it surely does assist accredited customers velocity by safety checkpoints at airports and select stadiums utilizing biometrics.

Business Platinum cardmembers can obtain reimbursement in assertion credit of as much as $199 per calendar 12 months for Clear Plus membership charges. Enrollment is required for this profit; pay along with your Enterprise Platinum card to routinely obtain a press release credit score (topic to auto-renewal; phrases apply).

Associated: 7 ways to get free or discounted TSA PreCheck, Global Entry and Clear

Touring can typically include expensive charges that present up within the type of paying for checked luggage or upgrading to a greater seat in your flight. Luckily, Business Platinum cardmembers can offset these charges with as much as $200 in assertion credit for airline incidental charges per calendar 12 months.

Enterprise Platinum cardmembers can select one of many following airways as their most popular airline: Alaska Airways, American Airways, Delta Air Strains, Hawaiian Airways, JetBlue Airways, Spirit Airways, Southwest Airways or United Airways.

Earlier than utilizing this profit, you will need to select a most popular airline. The profit can cowl change and cancellation charges, seat choice charges, improve charges, checked bag charges and extra. Enrollment is required; phrases apply.

I exploit this $200 annual credit score on United and fill up on Travelbank credit score, which primarily takes $200 off the price of my ticket.

Associated: How to use the Amex Platinum $200 airline fee credit

On the finish of 2024, the Business Platinum launched a brand new quarterly assertion credit score for purchases with Hilton. Cardmembers now obtain as much as $200 in assertion credit per 12 months, break up into 4 as much as $50 quarterly credit. Enrollment is required; phrases apply.

You possibly can earn the credit score just by making a purchase order immediately with a Hilton portfolio property utilizing your Enterprise Platinum card. Eligible costs embody room charges, incidental purchases, together with eating and room service, and spa remedies.

It is essential to notice you may have to enroll within the Hilton for Enterprise program to be eligible for the assertion credit score. If you happen to’re not a member of Hilton for Enterprise, you may be registered once you enroll within the card’s profit.

Associated: Amex Business Platinum adds new $200 Hilton statement credit — here’s how to maximize it

Business Platinum cardmembers can make the most of plenty of assertion credit every calendar 12 months: as much as $150 per 12 months with Adobe, as much as $120 per 12 months on cellphone plans with U.S. service suppliers, as much as $360 per 12 months with Certainly and as much as $400 per 12 months with Dell. Enrollment required; phrases apply.

The Adobe credit apply to pay as you go enterprise plans for Artistic Cloud for groups or Acrobat Professional for groups. The wi-fi companies profit is obtainable as as much as $10 monthly in assertion credit for U.S. wi-fi telephone service plans paid for along with your Enterprise Platinum card.

You possibly can obtain as much as $90 of assertion credit per quarter with Certainly. The Dell profit gives as much as $200 in assertion credit semi-annually.

Enrollment is required upfront for a few of these advantages; phrases apply. Maximizing these advantages gives $1,030 in assertion credit annually.

The Adobe and Dell credit are changing July 1.

Associated: 9 things to do when you get the Amex Business Platinum Card

The Business Platinum card is designed for cardmembers to pay the complete invoice in full every month. If you cannot pay the complete quantity, you might be able to carry a steadiness on some purchases by enrolling within the Pay Over Time characteristic.*

Not all purchases will probably be eligible for Pay Over Time, and never paying your total steadiness in full every month will seemingly result in paying interest. You additionally might be able to earn bonus factors by provides to enroll in Pay Over Time — and you may earn these bonus factors for enrolling even if you happen to by no means carry a steadiness.

Paying your month-to-month cellphone invoice along with your Enterprise Platinum card may even present cellphone safety to cowl your telephone towards loss or harm. There’s a most of $800 legal responsibility per declare, and every declare is topic to a $50 deductible. There’s additionally a restrict of two claims per eligible account in a 12-month interval.

Lined telephones are restricted to cellphone strains listed on a cell phone plan paid with the eligible card throughout the latest billing interval.** Combining this profit with the month-to-month wi-fi credit lined above is a good way to invoke insurance coverage advantages plus a reduction in your month-to-month cellphone invoice.

One other profit accessible to cardmembers is preferred access. This may imply getting tickets to unique occasions, going to the entrance of the road for ticket gross sales on different occasions and even having access to hard-to-find eating reservations with Resy.

When making purchases, cardmembers will earn American Specific Membership Rewards factors, that are price 2 cents per level, per TPG’s Could 2025 valuations. Cardmembers will earn 5 factors per greenback on pay as you go flights and motels booked by Amex Journey.

Moreover, cardmembers earn 1.5 factors per greenback on purchases of $5,000 or extra or purchases within the following classes inside the U.S.: development materials and {hardware} suppliers, digital items retailers, software program and cloud system suppliers, and transport suppliers.

Incomes 1.5 factors per greenback is proscribed to $2 million of purchases; then, you may earn 1 level per greenback. All different purchases additionally earn 1 level per greenback.

*Pay Over Time disclosure: No Preset Spending Restrict means your spending restrict is versatile. Not like a standard card with a set restrict, the quantity you’ll be able to spend adapts based mostly on components corresponding to your buy, cost, and credit score historical past.

**Eligibility and profit ranges fluctuate by card. Phrases, circumstances and limitations apply. Go to americanexpress.com/benefitsguide for particulars. Insurance policies are underwritten by New Hampshire Insurance coverage Firm, an AIG Firm.

Associated: Your complete guide to shopping protections on American Express cards

To study extra, take a look at our full review of the Amex Business Platinum.

Apply right here: The Business Platinum Card from American Express

Associated: How to apply for an Amex business card

For charges and charges of the Amex Enterprise Platinum, please click on here.