Amex Platinum Vs Amex Business Platinum Card Comparison Leave a comment


The Platinum Card® from American Express
has a $695 annual fee (See Rates) — one of the highest among all personal cards — but if you maximize benefits like statement credits and airport lounge access, you can get more than enough value for it to be worthwhile.

Over the past year, Amex has added new benefits and perks to both the Platinum Card and The Business Platinum Card® from American Express
to keep them competitive with other premium rewards cards.

Recently, along with the Platinum Card‘s annual fee increase, it added valuable new credits for select digital subscriptions, CLEAR membership, Equinox fitness memberships, and prepaid hotel bookings — and later added credits for Walmart+ memberships and SoulCycle at-home bike online purchases.

Even more recently, the Business Platinum card got a makeover, with new credits for wireless, Indeed, and Adobe purchases, and a doubled annual Dell credit. It will also see an annual fee increase from $595 to $695 for new and existing cardholders on January 13, 2022 (See Rates).

Read more: The Amex Platinum card just increased its annual fee to $695 — but fancy new perks and a 100,000-point offer could take the sting out of it

While the personal and business versions used to have virtually identical benefits and terms (with a few exceptions), they’re no longer nearly identical. While they do have many overlapping features, there are some key differences. Keep reading to see how the Platinum Card and the Amex Business Platinum Card differ, and to decide if either is right for you.

Amex Platinum vs Business Platinum: Card comparison 

*Note: Starting January 1, 2021, the 5x points will apply up to $500,000 on flights booked directly with airlines or with American Express Travel per calendar year

Welcome bonuses

Regular APR

See Pay Over Time APR

Featured Reward

100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership, plus 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership

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  • Pros & Cons
  • Details

  • Pros
    • Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required)
    • Annual statement credits with Saks and Uber
    Cons
    • Bonus categories leave something to be desired
    • One of the highest annual fees among premium travel cards
    • Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
    • Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership.
    • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
    • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
    • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
    • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
    • American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
    • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
    • $300 Equinox Credit: Get up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. Enrollment required.
    • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
    • $695 annual fee.
    • Terms Apply.


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    Platinum Card: The personal Platinum Card has a welcome bonus of 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership, plus 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership.

    The best ways to use American Express Membership Rewards points include booking travel through the Amex Travel Portal or, representing one of the best options, transferring them to various partner airline and hotel programs. But if you’re staying close to home, there are plenty of non-travel ways to redeem Amex points as well.

    Read more: How to earn, redeem, and maximize Amex Membership Rewards points

    Keep in mind that that valuation is subjective and an “average” of all of the different ways you can use points. Membership Rewards points are worth a different amount depending on whether you use them for shopping, statement credits, travel booked through Amex, or transfer them.

    Amex Business Platinum Card: The Amex Business Platinum Card offers a bonus of 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership. 

    Obviously, that’s a lot of money to spend in three months. Unless you own a small-to-medium-sized business and realistically expect to spend that much in a single quarter, the personal Platinum Card might be a better option for you.

    Earning rates on purchases

    Regular APR

    14.24% – 22.24% Variable

    Featured Reward

    120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership

    Intro APR

    0% Intro APR for 12 months on purchases eligible for Pay Over Time

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  • Pros & Cons
  • Details

  • Pros
    • More travel benefits than you’ll find on any other business credit card
    • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass (enrollment required)
    • Complimentary hotel elite status (enrollment required)
    • Access to Amex concierge services
    Cons
    • Very high annual fee
    • Limited opportunities to earn bonus points
    • Annual statement credits won’t be useful for everyone
    • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
    • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
    • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
    • Earn 1.5X Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies.
    • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
    • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
    • Access to more than 1,300 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. More lounge options than any other credit card on the market as of 8/2020.
    • $595 Annual Fee ($695 if application is received on or after 01/13/2022).
    • Terms Apply.


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    Both cards offer a whopping 5 points per dollar spent on flights booked through Amex Travel — the personal version of the Platinum Card also earns 5x points on flights booked directly through the airline (starting January 1, 2021, earn 5x points on up to $500,000 on these purchases per calendar year) — and 1 point per dollar on everything else.

    Read more: How to use the Amex Travel Portal to book flights, hotels, car rentals, cruises, and more — and make the most of your Membership Rewards points

    However, the Amex Business Platinum Card offers a 50% point bonus on purchases of $5,000 or more, and on US purchases at electronics goods retailers, software, and cloud service providers, shipping providers, and on construction materials and hardware supplies (on up to $2 million in combined purchases per calendar year, then 1 point per dollar).

    Annual fees

    Previously, both versions of the Platinum card had the same annual fee. However, the fee on the personal card was raised to $695, and the Amex Business Platinum Card‘s fee increased to $595.

    But soon, they’ll have the same annual fee again, because starting Jaunary 13, 2022, the annual fee on the Amex Business Platinum Card is increasing to $695 as well.

    The differences in benefits on the Platinum cards

    Uber Cash credit on the personal Amex Platinum

    The personal Platinum Card offers up to $200 a year in Uber Cash credits. The credit is broken down by month: You’ll get a monthly $15 credit, with an extra $20 in December (for a total of $35 that month).

    Read more: Amex Platinum cardholders get up to $200 in Uber credits every year — here’s how to make the most of the benefit, even if you’re staying home

    If you don’t take Uber rides, you can use the credit for

    Uber Eats
    food delivery — that’s up to $200 in free dining each year. The Amex Business Platinum Card doesn’t have an equivalent Uber credit.

    Saks credit on the personal Amex Platinum

    Each year, Platinum Card cardholders can get up to $100 back in the form of statement credits for Saks Fifth Avenue purchases.

    Read more: The Amex Platinum card offers up to $100 in annual credits at Saks Fifth Avenue, and you can ‘stack’ other discounts to save more on your purchases

    This is divided into two $50 credits: up to $50 toward Saks purchases made with the Platinum Card from January to June, and another $50 toward those purchases from July through December. 

    Up to $200 hotel credit on the personal Amex Platinum

    Platinum Card members receive up to $200 in credit each calendar year toward prepaid bookings at Amex Fine Hotels and Resorts or Hotel Collection properties when they book with their card through Amex Travel.

    Read more: The Amex Platinum card comes with up to $200 in hotel credits each year — here’s how it works and which hotels qualify

    Fine Hotels and Resorts bookings include perks such as free breakfast, guaranteed late checkout, room upgrades and early check-in when available, and a welcome amenity or credit unique to each property. Bookings with The Hotel Collection must be for a minimum of two nights, and include benefits like room upgrades and a $100 on-property credit. 

    Up to $240 digital entertainment credit with the personal Amex Platinum

    The new digital entertainment credits on the Platinum Card are awarded in chunks of up to $20 per month (maximum $240 per year). Enrollment is required before you can use this perk on these eligible subscriptions:

    Read more: How to use the Amex Platinum digital subscription credit to save up to $240 per year on services like Audible and SiriusXM

    Up to $300 Equinox credit with the personal Amex Platinum

    Platinum Card cardholders can receive up to $300 annually (up to $25 per month) in credits toward Equinox gym memberships or digital subscriptions to on-demand fitness classes through the Equinox+ app. Enrollment is also required to activate this benefit.

    Read more: Amex Platinum cardmembers get up to $300 in Equinox credit every year — here’s how to use the benefit, even if you’re staying home

    $12.95 monthly Walmart+ credit with the personal Amex Platinum

    When you use the Platinum Card to pay a Walmart+ subscription, you’ll receive a statement credit for the cost ($12.95 plus applicable sales tax each month).

    Only Walmart+ monthly memberships (not annual) qualify for this perk. A Walmart+ membership gets you free delivery, free shipping with no minimums, pharmacy discounts, and other perks — so if you’re already a Walmart shopper, this is a very useful benefit.

    Read more: Amex Platinum cardholders can now get statement credits at 2 more places: Walmart and Soulcycle

    $300 SoulCycle at-home bike credit with the personal Amex Platinum

    If you’re planning to buy a SoulCycle at-home bike, you can receive a $300 statement credit when you use your Platinum Card to make the purchase through your Equinox+ account online. These bikes cost about $2,500, so this isn’t a huge discount — but if you’re making this purchase anyway, it’s a nice deal.

    You can redeem this credit for up to 15 separate bike purchases each year, but each purchase requires a 12-month Equinox+ membership ($40 per month plus applicable tax) to qualify, and purchases made in-store or through the Equinox mobile app aren’t eligible for the credit.

    35% points rebate on the Amex Business Platinum

    This is an incredibly valuable perk that’s only available with the Amex Business Platinum Card.

    One of the ways to redeem Membership Rewards points is by using them to book flights, hotels, cruises, or more through Amex Travel. When you do that, your points are generally worth 1 cent each.

    Read more: You can use Amex Pay with Points to book flights without blackout dates — and some cardholders can receive up to 35% of their points back

    However, when you have the Amex Business Platinum Card and use points to book any flight on your selected airline  — or business or first-class flights on any airline — you’ll get 35% of your points back (up to 500,000 points per calendar year). Because booking through Amex Travel is the easiest way to use points for flights, this represents a great option to use fewer points to get more.

    Up to $400 per year in Dell credits on the Business Platinum 

    While the Amex Business Platinum Card doesn’t offer statement credits for Saks or Uber, it does offer up to $400 in statement credits annually for US purchases with Dell. This is divided into two semi-annual credits of up to $200 (January to June and July to December).

    Read more: How to use the Amex Business Platinum Dell credit

    Up to $120 per year in wireless credits on the Business Platinum

    Amex Business Platinum Card cardholders can receive up to $10 per month in statement credits for purchases made from any US wireless telephone provider (up to $120 per calendar year).

    Using the Amex Business Platinum Card to pay your cell phone bill is already a good choice, because it’s one of the Amex cards that offer cell phone protection when you use it to pay your monthly bill.

    Up to $360 per year in Indeed credits on the Business Platinum

    If your small business spends money on finding new employees, a new credit toward all Indeed hiring and recruiting products and services on the Amex Business Platinum Card can save you up to $360 per year (up to $90 per quarter in statement credits).

    Up to $150 per year in Adobe credits on the Business Platinum

    The Amex Business Platinum Card offers up to $150 per calendar year in statement credits toward select Adobe purchases, including Adobe Creative Cloud and Acrobat Pro DC.  

    Benefits shared by both versions of the American Express Platinum

    Airline incidental fee credit

    Every calendar year, the Platinum Card and the Amex Business Platinum Card offer up to a $200 credit toward incidental fees on one airline (that you can choose at the beginning of each year).

    Read more: The Amex airline incidental fee credit can save you up to $250 a year on extras like checked bags, but don’t assume all purchases will trigger the reimbursement

    While the airline fee credit doesn’t cover tickets, it applies to a wide variety of charges and fees, such as checked bags, change fees if you need to modify your flight, inflight food and drinks, fees for traveling with a pet, airport lounge day passes (if you don’t already have complimentary access), and sometimes even things like seat assignments and extra legroom upgrade fees.

    The best part of the airline credit is that because you get it each calendar year, not cardmember year, you could get it twice in your first year of having the card. Say you opened the card in February — you can earn the full $200 credit before the calendar year ends, then once the credit resets on January 1, get it again before your next annual fee posts, meaning you can get up to $400 in value from this credit each year.

    Airport lounge access

    Both cards offer identical access to airport lounges.

    Lounges are exclusive areas where you can enjoy comfortable seats, an internet connection, food, drinks, and sometimes other amenities. Although lounges were traditionally reserved for first-class and business-class passengers, many are accessible to any traveler who holds either a lounge membership or certain credit cards — and the Platinum cards offer access to several different types of lounge.

    Read more: I held off on opening the Business Platinum card until I discovered Amex Centurion Lounges. This benefit alone is worth the $595 annual fee for me

    The first is Amex’s own proprietary Centurion Lounges, located at nearly a dozen airports in the US — and in Hong Kong. These chic venues offer an oasis in the middle of the main terminal’s chaos, featuring comfortable seating, complimentary cocktails and food created by award-winning mixologists and chefs, and other amenities. Access to these lounges is limited to holders of the Amex Platinum or Amex Centurion cards.

    If you’re flying with Delta and carry an Amex Platinum card, you can also access any Delta Sky Club lounge. With more than 30 locations, Sky Clubs offer snacks, complimentary soft and alcoholic drinks (with more “premium” drinks available for purchase), fast Wi-Fi, and a place to unwind. Some locations also feature showers.

    Finally, the Platinum Card and the Amex Business Platinum Card come with a Priority Pass membership**. Priority Pass is a network of more than 1,200 airport lounges around the world. With the membership provided by your Platinum card, you and two guests can access any location (as long as there’s room) to enjoy free snacks, drinks, newspapers and magazines, showers, and more, all separate from the hustle and bustle of the main terminal.

    If you have an international version of the card, instead of the US version, be sure to double-check the guest policy for your card’s Priority Pass benefit.

    $179 CLEAR credit

    CLEAR is an expedited security screening program that can save you time waiting in long lines at select US airports and stadiums. A CLEAR membership normally costs $179 per year, but if you pay with your personal or business Platinum card, you’ll receive a credit to offset that cost.

    Read more: How to use the Amex Platinum $179 CLEAR credit — and get through airport security faster

    When you have a CLEAR membership, you can jump to the front of the security line, but — unlike TSA PreCheck members —you’ll still have to remove items like your laptop and shoes before getting screened. CLEAR isn’t a government program so the application requirements are much less stringent than those of TSA PreCheck and Global Entry.

    Global Entry/TSA PreCheck application fee credit

    Both cards offer up to a $100 credit that you can use to apply for Global Entry or TSA PreCheck. The credit renews every four years, so it covers you when it’s time to reapply.

    Gold status with Hilton and Marriott

    When you hold either card, you’ll receive Gold elite status with Hilton hotels, as well as Marriott hotels, without having to meet any stay requirements. Elite status comes with benefits including more points earned on stays, early check-in and late check-out, room upgrades, and more.

    Read more: The Amex Platinum card gets you access to the Fine Hotels & Resorts program for luxury hotel benefits — after a stay in Paris, I think it’s worth the hype

    Both cards also offer access to Amex’s exclusive Fine Hotels & Resorts program. When you book a stay at a participating hotel through Amex Travel, you’ll get benefits like an even earlier check-in, a priority room upgrade, free breakfast during your entire stay, and a special amenity, such as a credit to use at the hotel bar or spa.

    Which Platinum card is best for you?

    For many consumers, the increased annual fee on the personal Platinum Card will only be worth it if they can maximize the card’s new benefits. That said, if you make the most of all the card’s credits and perks, you can get a value that far exceeds the annual fee.

    Read more: I’m switching from the Amex Platinum to Business Platinum to save $100 in annual fees — but I’ll keep many of the same benefits anyway

    If you have a small business, there are good reasons to go for the Amex Business Platinum Card instead. Although you’ll give up the Uber, Saks, digital subscription, Equinox, Walmart, SoulCycle, and prepaid hotel credits, you’ll get perks like the 35% points rebate when booking flights through Amex Travel, plus Dell, Indeed, Adobe, and wireless statement credits.

    If your business regularly makes purchases of $5,000 or more or in eligible categories — and you can put them on the card — or you think you can get value from the 35% points rebate, then the business card might be a better option.

    Also, make sure to consider the welcome points. If you don’t expect to spend enough to earn the bonus on the Amex Business Platinum Card, you’re likely better off with the personal version.

    Featured credit cards from our partners

    Featured Reward

    125,000 bonus points and 1 free night award (value up to 50,000 points) after spending $5,000 on purchases in the first 3 months from account opening

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening



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