[
Editor’s observe: It is a recurring publish, recurrently up to date with new info and provides.
The Enterprise Platinum Card® from American Categorical overview
The Enterprise Platinum Card® from American Categorical is among the greatest enterprise rewards playing cards round, due to its giant welcome bonus and the sheer variety of value-added perks it provides cardmembers. Whereas it requires some work to take full benefit of them, the trouble can repay with financial savings of a whole bunch and even 1000’s of {dollars} per yr. Card score*: ⭐⭐⭐⭐
* Card score is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
With premium playing cards changing into the norm nowadays, many individuals are getting extra snug paying annual charges of over $400. The Enterprise Platinum Card® from American Categorical stands out above even that, although, with a $695 annual charge (see charges and charges) — though its annual assertion credit and advantages go above and past to mitigate that yearly value.
Between its excessive annual charge and a handful of business-focused perks, this card definitely will not be appropriate for each small enterprise — particularly ones that do not log main journey bills or ones with main spending areas extra in keeping with the bonus classes supplied by different enterprise playing cards. Nonetheless, it has some priceless perks, making it a powerful selection for a lot of companies.
This card has a really useful credit score rating of 670 and above. Let’s dive into the cardboard particulars so you may resolve if it is a good match for your online business.
Associated: Easy methods to apply for a enterprise bank card
Amex Enterprise Platinum professionals and cons
| Professionals | Cons |
|---|---|
|
|
Amex Enterprise Platinum welcome provide
New Amex Enterprise Platinum candidates can earn 120,000 factors after spending $15,000 within the first three months. Based mostly on TPG’s valuations, the Membership Rewards factors this card earns are price 2 cents apiece. So, if you happen to can handle the $15,000 spending requirement, you may earn factors price about $2,400 towards journey. That is the cardboard’s commonplace welcome provide, but it surely nonetheless meets our standards for when to use.
Whereas $15,000 in three months won’t be laborious for companies with plenty of money movement, in case your enterprise is smaller, you possibly can take into account prepaying as many bills as you may afford throughout your first three months to assist earn your welcome provide.
However, if one of these spending is out of your league, one other enterprise card with a decrease bonus threshold, a smaller annual charge and extra focused incomes classes may be a greater match for you in the long term.
Every day E-newsletter
Reward your inbox with the TPG Every day publication
Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
Associated: Easy methods to obtain the Amex Enterprise Platinum’s spending requirement
Amex Enterprise Platinum advantages
Amex’s bevy of assertion credit, simply totaling over $1,500 in annual advantages, may help cardmembers doubtlessly offset the preliminary shock of that top annual charge. This is a detailed have a look at all of them (enrollment is required for choose advantages):
| Assertion credit score | Annual quantity | The way it works |
|---|---|---|
| Dell | As much as $400 | Assertion credit score on U.S. Dell purchases as much as $200 semiannually (enrollment required) |
| Certainly | As much as $360 | Assertion credit score on Certainly hiring and recruiting services to publish open positions and discover expertise, as much as $90 per quarter (enrollment required) |
| Adobe | As much as $150 | Assertion credit score on choose annual purchases, together with Adobe Artistic Cloud and Acrobat Professional DC (enrollment required) |
| Wi-fi phone providers | As much as $120 | Assertion credit for purchases made straight from any U.S. wi-fi phone supplier, as much as $10 per 30 days (enrollment required) |
| Clear Plus | As much as $189 | Assertion credit score towards an annual Clear membership for expedited airport safety (topic to auto-renewal) |
| Airline charge | As much as $200 | Annual airline charge credit score of as much as $200 on prices by the airline you choose per calendar yr |
| World Entry or TSA PreCheck | As much as $100 | Assertion credit score for World Entry ( as much as $100) or TSA PreCheck (as much as $85) each 4 years (4.5 years for PreCheck) |
It is very important observe that the Amex Enterprise Platinum will lose the Adobe, Dell and Certainly assertion credit on the finish of this yr.
Alongside the plethora of assertion credit chances are you’ll (or might not) be capable of use, the Amex Enterprise Platinum shines by way of with its different journey perks.
Except for entry to Amex’s Centurion Lounges, your card will open the door to the in depth American Categorical World Lounge Assortment, which was topped the very best bank card perk on the 2021 and 2022 TPG Awards. It’s comprised of greater than 1,400 lounges worldwide, together with Delta Sky Golf equipment which you can enter when you might have an eligible same-day flight on that airline, Precedence Cross lounge entry (excluding restaurant areas), Escape Lounges and Lufthansa Lounges when you might have a same-day flight on that airline.
Nonetheless, it is price noting that you will be restricted to 10 whole Sky Membership visits per yr beginning Feb. 1, 2025 — until you spend $75,000 in a calendar yr to unlock limitless entry.
Enrollment is required for choose advantages.
As for advantages that turn out to be useful when you attain your vacation spot, this card means that you can register for complimentary Gold standing with Hilton Honors and Gold Elite standing with Marriott Bonvoy, which offer higher earnings and advantages throughout stays with these two manufacturers.
Cardmembers additionally take pleasure in complimentary elite automotive rental standing with a number of packages, together with Avis Most well-liked, Hertz Gold Plus Rewards and Nationwide Emerald Membership. Enrollment is required for these advantages.
The Amex Enterprise Platinum Card can be nice for enterprise purchases, as you may think. It options prolonged guarantee safety* that prolongs eligible U.S. producer warranties of 5 years or much less by a further yr, saving enterprise homeowners money and time if one thing occurs to an merchandise they purchase.
Moreover, the cardboard’s buy safety covers unintentional injury or theft for as much as 90 days after buy, as much as $10,000 per lined buy and $50,000 per cardmember account per calendar yr, so it is an excellent selection for costly objects.*
Except for these two particular advantages, the cardboard’s different notable perks embody:
- Cellphone safety, for a most of $800 per declare with a restrict of two authorised claims per 12-month interval. Protection for a stolen or broken eligible cellphone is topic to the phrases, circumstances, exclusions and limits of legal responsibility of this profit.**
- Entry to the Cruise Privileges Program and the Worldwide Airline Program.
- A 35% rebate whenever you use Pay with Factors to cowl a first- or business-class ticket on any airline or an financial system ticket on one airline of your selection (as much as 1 million factors again per calendar yr).
*Eligibility and profit degree varies by card. Phrases, circumstances and limitations Apply. Please go to americanexpress.com/benefitsguide for extra particulars. Underwritten by AMEX Assurance Firm.
**Eligibility and profit degree varies by card. Phrases, circumstances and limitations Apply. Please go to americanexpress.com/benefitsguide for extra particulars. Underwritten by New Hampshire Insurance coverage Firm, an AIG Firm.
Associated: Is the Amex Enterprise Platinum well worth the annual charge?
Incomes factors on the Amex Enterprise Platinum
Amex Enterprise Platinum cardholders will earn 1.5 Membership Rewards factors per greenback on as much as $2 million in eligible purchases within the U.S. per calendar yr within the following classes:
- Digital items retailers
- Software program
- Cloud service suppliers
- U.S. building supplies and {hardware} provides
- Transport suppliers
- Purchases of $5,000 or extra
Cardmembers earn 5 factors per greenback on airfare and pay as you go resort purchases with American Categorical Journey (together with Amex Effective Lodges + Resorts).
All different purchases earn 1 level per greenback.
Associated: Every thing you might want to learn about Amex Membership Rewards
Redeeming factors on the Amex Enterprise Platinum
We advocate transferring your Membership Rewards factors to any of Amex’s resort and airline companions for max worth. You too can redeem your factors for service provider reward playing cards or to cowl prices in your invoice. Nonetheless, these choices considerably devalue your rewards to 1 cent per level or much less, so we do not advocate utilizing your factors this manner.
The best redemption possibility that also provides respectable worth is American Categorical Journey’s Pay with Factors characteristic, which lets you obtain a 35% rebate whenever you use factors towards first- and business-class flights on any airline, in addition to economy-class flights in your chosen airline. This boosts your redemption worth for these purchases from 1 cent to 1.54 cents per level.
Simply observe that the 35% rebate is capped at 1 million factors again per calendar yr, and you need to have the complete variety of factors for the usual redemption in your account on the time of reserving. You may then obtain the rebate inside one or two billing cycles.
Transferring factors on the Amex Enterprise Platinum
Once more, you may unlock much more worth out of your earnings by transferring your Membership Rewards factors to any of Amex’s 21 airline or resort companions. Most transfers happen at a ratio of 1:1 and course of immediately. Going this route might take a little bit of sleuthing, however somewhat work may help improve the worth of your factors considerably above the TPG valuation.
You may additionally need to look ahead to Amex’s common switch bonuses, which may additional improve the worth of your factors.
TPG bank cards author Chris Nelson receives excellent worth often by using Amex’s beneficiant switch bonuses with Avianca LifeMiles to redeem for lie-flat seats, similar to United Polaris flights to Europe.
Associated: The perfect methods to make use of Amex Membership Rewards factors
Which playing cards compete with the Amex Enterprise Platinum?
For those who really feel that your online business won’t be capable of get the complete worth out of the Enterprise Platinum Card, you would possibly need to take into account different choices.
- In order for you a decrease annual charge however increased incomes charges: The American Categorical® Enterprise Gold Card provides related redemption choices to the Enterprise Platinum however at a decrease annual charge of $375 (see charges and charges). It earns 4 factors per greenback on the 2 classes you spend probably the most on every month (on as much as $150,000 in mixed purchases for these two classes per calendar yr, then 1 level per greenback after that). For extra info, please learn our full evaluation of the Amex Enterprise Gold.
- If you don’t need business-specific advantages: The Platinum Card® from American Categorical has perks much less tailor-made to small companies. You may nonetheless earn priceless Membership Rewards factors, obtain as much as $1,500 in annual assertion credit (so long as you may make the most of them) and achieve entry to the identical in depth community of airport lounges worldwide. For extra info, please learn our full evaluation of the Amex Platinum.
- If you wish to earn Chase Final Rewards factors: The Chase Ink Enterprise Most well-liked Credit score Card is a TPG favourite. It earns 3 factors per greenback on the primary $150,000 spent in mixed purchases on journey, transport purchases, web, cable and telephone providers, and promoting purchases made with social media websites and engines like google. For extra info, learn our full evaluation of the Ink Enterprise Most well-liked.
For extra choices, take a look at our full listing of the very best enterprise bank cards.
Learn extra: Practicality vs. luxurious: Chase Ink Enterprise Most well-liked vs. Amex Enterprise Platinum
Backside line
The Amex Enterprise Platinum Card is a wonderful selection for enterprise vacationers with bills in bonus classes and people who provide assertion credit. Whereas it won’t be well worth the cash for all enterprise homeowners, its journey perks are tough, if not unattainable, to beat. With a plethora of journey advantages, the Amex Enterprise Platinum is a must have card for these seeking to maximize their journey.
Apply right here: The Amex Enterprise Platinum card with 120,000 Membership Rewards factors after you spend $15,000 on eligible purchases within the first three months of card membership
For charges and charges of the Amex Enterprise Platinum, click on right here.
For charges and charges of the Amex Enterprise Gold, click on right here.
For charges and charges of the Amex Platinum, click on right here.