American Express Platinum Business Card

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Enjoy 120,000 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.

120,000

Bonus points

2.25

Reward points

Per $ spent (American Express)

$1,750 p.a.

Annual fee

55 days

Interest free period

Details

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 Fee (American Express)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • You will receive 120,000 bonus points when you spend $5,000 within the first 3 months of card membership.
  • This card has no pre-set spending limit.
  • Take advantage of platinum perks from the Accor Plus loyalty program and hotel elite status tiers.

Cons

  • The annual fee of $1,750 is one of the highest on the market.
Rewards ProgramMembership Rewards
Bonus Points120,000 bonus points
Rewards Points per $ spent (American Express)2.25
Annual Fee$1,750
Minimum Monthly Repayment100% of the closing balance outstanding
Foreign Currency Conversion Fee (American Express)3% of transaction value
Additional Cardholder Fee$0
Number of Additional Cardholders99

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

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).

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. You must have a personal, pre-tax income of at least $75,000 p.a.
  • Business requirements. You must have an active ABN (Australian Business Number). Your business must also be registered for GST.

Card benefits

  • 120,000 bonus points offer. Apply by 06 November 2019 and spend $5,000 in the first 3 months of card activation and you'll receive 120,000 bonus Membership Reward points. Points will be awarded 8-10 weeks after you meet the spend requirement. Note that cardholders who currently hold or have previously held an American Express card in the preceding 18-month period are not eligible for this offer. However, previous and existing bank-issued American Express companion cardholders are eligible for this offer.
  • Membership Rewards. This card earns 2.25 Membership Rewards points per $1 spent on most eligible purchases. This includes spending at eligible restaurants and on airlines, accommodation, advertising, couriers and computer equipment. You also earn 2.25 points per $1 on eligible overseas spending and for utilities and insurance (except insurance issued by American Express). For spending with government bodies in Australia, you earn 1 point per $1 spent. These points can be redeemed for rewards including flights, frequent flyer points, cashback, gift cards and merchandise.

Rates & fees

  • Interest-free period. As this is a charge card, your spending won't attract interest charges. Instead, you'll have up to 55 days to pay off purchases. This also means you'll need to pay the total owed on each statement by the due date.
  • 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 all determine your adjustable purchasing power.

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4 Comments

  1. Default Gravatar
    Dan
    March 24, 2016

    I’d like to apply for the Amex Platinum Business Card (i.e. the charge card), which attracts an offer of bonus points at enrollment. However, there is statement in the promo material that says – “Cardholders who currently hold or have previously held an American Express card in the preceding 12-month period are ineligible for the bonus points offer.” Does this mean that those who currently hold a Platinum Business Card (or have held one in the previous 12 months) are not eligible, or does this mean that those who hold ANY Amex card (or have held one in the previous 12 months), are ineligible?

    • AvatarStaff
      Debbie
      March 24, 2016

      Hi Dan,

      Thanks for your inquiry.

      Cardholders who previously held any American Express card within the previous 12 months are ineligible for the bonus offer.

      To compare other options, you can check our rewards credit card comparison page.

      I hope this helps.

      Cheers,
      Debbie

  2. Default Gravatar
    Micheal
    March 27, 2012

    how much the maximum of the card limit

    • AvatarStaff
      Jeremy
      April 23, 2012

      Hi,

      Thanks for the question. You will be assigned a credit limit based on your financial situation determined at the time of the application. Cheers.

      Jeremy

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