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Terms and conditions apply

Bonus points: 300,000
Reward points per $ spent: 2.25
Annual fee: $1,750 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Earn 300,000 Bonus Membership Rewards Points and an impressive mix of luxury perks, with a $1,750 annual fee.

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Customer Satisfaction Award

The American Express Platinum Business Card comes with a huge 300,000 Bonus Membership Rewards Points when you apply as a new Amex card member by 13 January 2026, are approved and spend $12,000 on eligible purchases within the first 3 months from card approval (terms and conditions apply). To give you an idea of the potential value of the bonus points, you could redeem them for $1,500 worth of travel with Webjet or convert them into 150,000 Velocity Points, based on publicly available information 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 over 10 major airline, hotel and retail partners, including Qantas Frequent Flyer. 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.

Other premium perks include access to over 1,400 airport lounges around the world, hotel elite status with partners including Marriot Bonvoy and Hilton Honors and complimentary The Australian Premium Subscription. Key business features include compatibility with MYOB, Microsoft Excel and Quicken. You’re also able to get up to 99 additional card members at no extra cost – which is just as well when you factor in the card’s annual fee.

Pros

300,000 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

Cons

The standard $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

Must read: Upcoming change

From 15 December 2025, Amex will adjust Membership Rewards transfer rates to select airline partners and update the program’s terms and conditions.

Details

Product details

Product Name	American Express Platinum Business Card
Purchase rate p.a.	Purchase rate p.a.0%
Interest-free days	Up to 55 days on purchases
Card type	American Express

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	American Express Membership Rewards / Qantas Frequent Flyer,Velocity Frequent Flyer
Bonus points	300,000
Rewards points per $ spent	2.25
Rewards points cap	Uncapped

Fees

Annual fee	$1,750
Minimum monthly repayment	100% of the closing balance outstanding
Late payment fee
Foreign currency conversion fee	3%
Additional cardholder fee	$0
Number of additional cardholders	99

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.

New Amex card members. People who currently hold or have previously held an American Express card in the preceding 18-month period are not eligible for the introductory offers. However, previous and existing bank-issued American Express companion card members are eligible.
Residence. You must be an Australian citizen or permanent resident.
Credit history. You'll need to have a good credit history and no payment defaults.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth and contact number. You'll also need to provide a valid form of ID, such as your driver's license number or passport.
Business details. This includes your ABN, financial details for your business and your accountant's contact details.
Financial details. You'll need to provide financial documents proving that you make the minimum required annual income. This could include your accountant's information, as well as recent individual tax assessment notices.

Go to American Express' site More info

Card benefits*

300,000 bonus points. Earn 300,000 Bonus Membership Rewards Points when you apply for the American Express Platinum Business Card as a new Amex card member by 13 January 2026, get approved and spend $12,000 on eligible purchases within the first 3 months from card approval (terms and conditions apply). The bonus points will be credited to your account within 8 to 10 weeks of meeting the spend requirement.
Membership Rewards. Card members 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 eligibility 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.

Airline lounge access. Relax before your next business trip with access to over 1,400 lounges through the American Express Global Lounge Collection. This includes the Centurion Lounge, International American Express Lounges and Priority Pass lounges.
Hotel Elite Status. This card fast-tracks you to higher status with hotel loyalty partners, including Marriott Bonvoy and Hilton Honors Gold status and Radisson Rewards Premium status. Higher status means you can earn more points and enjoy exclusive perks when you stay at participating hotels.
Complimentary ALL Accor+ Explorer membership. Valued at $349 p.a., ALL Accor+ Explorer membership benefits include two complimentary nights of accommodation (each booked with a paid night) at over 1,300 participating hotels in Asia Pacific and 30% off your dining bill for up to 10 guests at over 1,600 selected partner restaurants.
Complimentary insurance. This card offers complimentary travel insurance for return domestic and international trips, including holidays. It also gives you access to monthly business expenses cover and a range of insurance for eligible retail items purchased with the card. For full details on cover, eligibility requirements and how to make a claim, refer to the insurance policy document available on the American Express website.
Complimentary 12-month subscription to The Australian Premium. Get news and analysis from The Australian and The Wall Street Journal for 12 months with this premium subscription offer.
Up to $125 back with Dell Technologies. Save this offer to your account and shop with Dell Technologies online or over the phone to get your purchase amount as a credit back on your card, up to a maximum of $125 before 31 December 2026.
Additional cards. You can easily manage your employee spending and earn points as they spend with up to 99 additional card members at no extra cost.
Amex Experiences app. Launched in 2024, this app has details on all your platinum card benefits, travel offers, events and recommended merchants in one place. This could help you save time when you want to use a benefit or check for new offers. You can also use it alongside the Amex app to manage all aspects of your account.
Mobile contactless payments. Whether you use an iPhone, Android or Samsung device, you can use Apple Pay , Samsung Pay and Google Pay to make convenient contactless payments with your smartphone at the checkout.

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 power. The American Express Platinum Business Card has flexible spending power. The use of your card, payment history and credit record will determine how much you can spend.

Annual fee. The American Express Platinum Business Card charges an annual fee of $1,750.
Flexible Payment Option. Instead of paying off your balance in full each statement period, you can choose to pay off a portion of it over time with the Flexible Payment Option (subject to your Flexible Payment Option limit). This gives you a bit more flexibility, but you will get charged interest if you don't pay your closing balance in full by the due date each month. Check out the full Flexible Payment Option terms and conditions for more information.

Go to American Express' site More info

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.

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Avi

August 07, 2025

The unlimited access to internation lounges can be available by family or individual only? If only individual, does spouse & kid will get discount?

Richard Whitten Finder

August 12, 2025

Hi Avi,

According to the Amex website the Priority Pass lounge benefits are offers to the primary cardholder and 1 nominated employee card.

Pratik

May 23, 2025

If I book flights for family through this card, how does the insurance work? are they still covered for travel insurance.

Richard Whitten Finder

May 26, 2025

Hi Pratik,

Spouses and dependent children are covered but not other family members.

Gabriela

October 09, 2024

Do Eligible Purchases include Tax payments, whether they be for a Business or Individual holding an ABN?

Angus Kidman Finder

October 09, 2024

H Gabriela, Yes, payments to the ATO should qualify at the government rate of 1 point per $1 spent. Note that you will likely be charged a fee by the ATO for this kind of payment. Check out our guide to tax payments and points for more details. Hope this helps.

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Ian

July 28, 2024

What are deemed to be ‘ eligible purchasers ‘

Sarah Megginson Finder

July 29, 2024

Hi Ian,

Eligible purchases includes spending at restaurants and on airlines, accommodation, paying bills, buying groceries and all types of every day spending. It does not include gambling, cash advances, interest, fees or refunds. 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?

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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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

American Express Platinum Business Card

Pros

Cons

Must read: Upcoming change

How to apply

Eligibility criteria

Required documents

Card benefits*

Rates & fees

Sources

Sources

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