In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
🏆 Finder award

American Express Platinum Business Card

  • Avatar
American Express Platinum Business Card
Go to site
Terms and conditions apply
Bonus points
350,000
Reward points per $ spent
2.25
Annual fee
$1,750 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers 350,000 bonus points and an impressive mix of luxury perks, with a $1,750 annual fee.

Gold Finder Awards Badge
Finder Awards winner

The American Express Platinum Business Card comes with a huge 350,000 bonus Membership Rewards Points for new Amex card members. To give you an idea of the potential value of the bonus points, you could redeem them for $1,750 worth of travel with Webjet or 175,000 Velocity Points, based on public details on the American Express website.

This top-level charge card is suited to businesses that spend a lot and earn a lot. It earns up to 2.25 Membership Rewards points per $1 spent and lets you transfer points to 12 frequent flyer partners, including Qantas Frequent Flyer (a rare option for one-off transfers). You can also shop with points at David Jones and Myer, redeem gift cards or get statement credits, with the point values and redemption options shown when you log in to your account.

Pros

  • 350,000 bonus Membership Rewards Points
  • High 2.25 points per $1 on most eligible spending, with 1 point per $1 on government spend
  • Complimentary domestic and international travel insurance
  • Luxury perks including unlimited access to 1,400 airport lounges and hotel elite status partners

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

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The American Express 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.

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 250,000
Rewards points per $ spent 2.25
Rewards points cap Uncapped

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

Congratulations, American Express!

The American Express Platinum Business Card has been named the Best Business Charge Card in the 2024 Finder Credit Card Awards. This high-end card scored highly for its big bonus points offers during the analysis period and its high rate of points per $1 spent. It offers 2.25 Membership Rewards points per $1 on most spending and 1 point per $1 with government bodies in Australia. It's also packed with perks including unlimited airport lounge access and international and domestic travel insurance.

Full list of 2024 winners

How to apply

If you want the American Express Platinum Business Card for your business, you can apply online in around 10-15 minutes. Get started by making sure you meet the 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

  • 350,000 bonus points. If you apply for the American Express Platinum Business Card online by 25 June 2024, get approved and spend $12,000 on eligible purchases within the first 3 months of card activation, you'll earn 350,000 bonus Membership Reward Points. These points will be added to your account within 8 to 10 weeks of meeting the spend requirement.
  • Membership Rewards. Cardholders earn 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 collect 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. You can redeem your points for rewards including flights, cashback, gift cards, merchandise and can be exchanged for frequent flyer points with airline rewards partners including Qantas Frequent Flyer, Velocity Frequent Flyer, Singapore Airlines KrisFlyer and Emirates Skywards.

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.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

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?


Avatar

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.


Show more Show less
Avatar

Daniel

September 25, 2023

What is the conversion rate from rewards points to Qantas or Velocity points?


Avatar

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.


Show more Show less
Avatar

Belinda

August 29, 2023

American Express Platinum Business Card – how often can you transfer to velocity frequent flyers


Avatar

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.


Go to site