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American Express Platinum Business Card

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Enjoy 150,000 bonus points, exclusive travel perks and no pre-set spending limit with the American Express Platinum Business Card.

The Amex Platinum Business card offers up to 55 days to pay for purchases, as well as access to the Global Lounge Collection, complimentary insurance and Membership Rewards Points.


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
Purchase rateN/A
Annual fee$1,750
Interest-free period55 days
Card typeAmerican Express
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • Receive 150,000 bonus Membership Rewards Points when you spend $5,000 within the first 3 months
  • 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
Bonus points150,000
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

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The American Express Platinum Business charge card gives you a way to get rewards as you manage your business spending, earning 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). To give you an idea of the potential rewards, you could exchange your 150,000 Membership Rewards for 75,000 Qantas Points.

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 .
  • Business requirements. Your business must have an active ABN (Australian Business Number). Your business must also be registered for GST.

Card benefits

  • 150,000 bonus points offer. Apply by 13 January 2021 and spend $5,000 within the first 3 months of card activation and you'll receive 150,000 bonus Membership Reward Points. Points will be awarded 8-10 weeks after you meet the spend requirement.
  • 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.

Business benefits in 2020

New and existing American Express Platinum Business card members can get extra value in 2020 with the following benefits:

  • Anniversary business credit. Existing Platinum Business card members with a membership anniversary in 2020 will get an $800 business credit for your account.
  • Up to $320 back on business purchases. Until 31 December 2020 when you spend $20 or more you'll get $20 back, up to 16 times. Valid in store or online at the following participating businesses: Australia Post, Bing Lee, Google, Optus, PayPal and Telstra.
  • Dell and FedEx offers. From 28 May 2020, get up to $330 credit with FedEx (6 credits worth $55 each), and a $250 credit with Dell.
  • Idea Exchange. Access business grants, online mentoring and online masterclasses designed to support your business.

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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