American Express Platinum Business Card

Offers 200,000 bonus points, a $300 account credit and an impressive mix of exclusive perks – with a $1,750 annual fee.

The Amex Platinum Business Card offers up to 55 days to pay for purchases, additional cards for employees and perks including airport lounge access, elite hotel status and Membership Rewards Points.

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Bonus points


Reward points

Per $ spent

$1,750 p.a.

Annual fee

55 days

Interest free period

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Product NameAmerican Express Platinum Business Card
Rewards programMembership Rewards Ascent Premium
Purchase rate0% p.a.
Annual fee$1,750
Interest-free periodUp to 55 days on purchases
Card typeAmerican Express
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • Receive 200,000 bonus Membership Rewards Points and a $300 credit
  • No pre-set spending limit and up to 55 days cash flow
  • Luxury perks including unlimited access to 1,200 airport lounges and automatic hotel elite status


  • The annual fee of $1,750 p.a. is one of the highest on the market
  • American Express is not as widely accepted as Visa or Mastercard
Rewards programMembership Rewards Ascent Premium
Bonus points200,000
Rewards points per $ spent2.25
Annual fee$1,750
Minimum monthly repayment100% of the closing balance outstanding
Foreign currency conversion fee3%
Additional cardholder fee$0
Number of additional cardholders99

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The American Express Platinum Business card comes with a 200,000 bonus Membership Rewards Points offer that you could use for $1,000 worth of gifts and goodies from David Jones (as an example).

This top-level charge card also earns up to 2.25 points per $1 spent. It’s worth noting this Membership Rewards card allows you to transfer points to 10 frequent flyer partners, including Qantas Frequent Flyer (a rare option for one-off transfers). You can also shop with points at David Jones and Ticketmaster, redeem gift cards or get statement credits, with the point values and redemption options shown when you log in to your account.

How to apply

If you think the American Express Platinum Business Card is right for your business, you can apply online in around 10 minutes. Get started by making sure you meet the following eligibility requirements and have all the documents and details ready for the application.

Eligibility criteria

  • Minimum income. Your business must have an annual revenue of at least $75,000.
  • Business requirements. Your business must have an active ABN (Australian Business Number). Your business must also be registered for GST.

Card benefits

  • 200,000 bonus points and a $300 credit. Apply for the American Express Platinum Business Card as a new cardholder by 12 January 2022, get approved and spend $5,000 within the first 3 months of card activation to receive 200,000 bonus Membership Reward Points, plus a $300 credit. Both the credit and bonus points will then appear on your statement within 8 to 10 weeks after the spend criteria has been met.
  • AccessLine. Your business can make fast and secure payments to merchants even if they don't accept credit or charge cards thanks to American Express AccessLine. This gives you more ways to reward your business expenses as you earn Membership Rewards points per $1 spent on payments. You can also access up to 51 cashflow days and negotiate early payment discounts when you use AccessLine to pay your vendors.

Rates & fees

  • Cash flow period. As this is a charge card, your spending won't attract interest charges. Instead, you'll have up to 55 cash flow days to pay off purchases. This also means you'll need to pay the total owed on each statement by the due date to avoid late fees.
  • Spending limit. The American Express Platinum Business Card has no pre-set spending limit. The use of your card, payment history and credit record will determine how much you can spend.

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