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.
American Express Platinum Business Card

- Bonus points
- 200,000
- Reward points per $ spent
- 2.25
- Annual fee
- $1,750 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers 200,000 bonus points and an impressive mix of luxury perks.
Pros
-
200,000 bonus Membership Rewards Points
-
High 2.25 points per $1 on most eligible spending, with 1 point per $1 for spending with government bodies in Australia, including the ATO
-
Complimentary domestic and international travel insurance
-
Luxury perks including unlimited access to 1,400 airport lounges and automatic hotel elite status
Cons
-
$1,750 annual fee is one of the highest on the market
-
3% foreign currency conversion fee
-
American Express is not as widely accepted as Visa or Mastercard
Details
Product details
Product Name | American Express Platinum Business Card |
Purchase rate p.a. | 0% |
Interest-free period | Up to 55 days on purchases |
Card type | American Express |
Eligibility
Available to temporary residents | No |
Joint application | No |
Rewards
Rewards program | Membership Rewards Ascent Premium |
Bonus points | 200,000 |
Rewards points per $ spent | 2.25 |
Fees
Annual fee | $1,750 |
Minimum monthly repayment | 100% of the closing balance outstanding |
Foreign currency conversion fee | 3% |
Additional cardholder fee | $0 |
Number of additional cardholders | 99 |
Your reviews

Amy Finder
Editor
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Amy Bradney-George Finder
November 06, 2023
Hi Darren,
Eligible purchases typically include spending on goods and services, so items of stock would typically qualify to earn points for most businesses. Transactions that don’t earn points include cash advances, account fees and charges and purchases with a merchant that you, any additional card members or a third-party related to you have an ownership interest in. If you have further questions about earning points for specific transactions, you may want to contact American Express on 139 323. I hope this helps.
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Daniel
September 25, 2023
What is the conversion rate from rewards points to Qantas or Velocity points?

Amy Bradney-George Finder
September 25, 2023
Hi Daniel,
American Express doesn’t publicly list the conversion rates from Membership Rewards to Qantas Points or Velocity Points for this card. As a guide, the Membership Rewards website does list a conversion rate of 2:1 for Membership Rewards Ascent to Velocity. If you have more specific questions about this card, you can contact American Express on 139 323. I hope this helps.
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Belinda
August 29, 2023
American Express Platinum Business Card – how often can you transfer to velocity frequent flyers

Amy Bradney-George Finder
September 01, 2023
Hi Belinda,
You can typically transfer points to Velocity at any time, as long as you have the minimum amount required for a transfer. You can view these details by logging in to your Amex account. I hope this helps.
Darren
October 29, 2023
Cardholders will earn 2.25 Membership Rewards Points per $1 spent on most eligible purchases. What’s not eligible? eg I own a business and was looking to use for paying for monthly stock items purchased. Would I get the full 2.25 points per $ spend on these items?