The Business Platinum Card from American Express is great for any small business owners who travel frequently and want to earn valuable rewards and enjoy premium benefits along the way.

Annual Fee
Extra Card Fee
Card Type
Late Payment Fee
Up to 30%
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Emergency Medical Term 15 days
Trip Cancellation $1,500
Trip Interruption $1,500
Flight Delay $1,000
Baggage Delay $1,000
Lost or Stolen Baggage $1,000
Hotel Burglary $1,000
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

If we find your match, we’ll give you up to $25 when you refer your friends.*

Our Review

The Business Platinum Card from American Express comes with a generous rewards earn rate, extensive coverage, and an array of other perks that make up for its exceptional $499 annual fee.

Welcome bonus and earn rate

One of the best features of this card? It’s an easy way to collect the incredibly valuable and flexible American Express Membership Rewards points.

When you first get this card, you’ll earn 35,000 points when you spend $7,000 in your first 3 months, a great way to jumpstart your rewards.

There’s also a referral bonus available: for each business owner who you refer and is approved for this card, you’ll receive a bonus 5,000 points.

After that, you’ll earn a generous 1.25 Membership Rewards points for every $1 in purchases. This is a top notch earn rate for one of the best rewards programs out there.

What you can do with your points

The American Express Membership Rewards program is both incredibly valuable and very flexible, with an array of alternate redemption options available.

The average value per point depends on what you’re redeeming them for, of course, and range from 0.68 to 2.5 cents per point (CPP). You’ll get the most value for your points if you transfer them to airline partners for travel, but that’s only one possibility.

Here’s a summary of the various redemption options and their average value per point:

  • Transfer to airline partners (2.5 CPP)
  • Flights using fixed points program (1.75 CPP)
  • Transfer to hotel partners (1.16 CPP)
  • Flexible Points Travel Program (1 CPP)
  • Redeem through Ticketmaster (1 CPP)
  • Donations to charity (1 CPP)
  • Gift cards (0.82 CPP)
  • Statement credits (0.7 CPP)
  • Shopping on (0.7 CPP)
  • Merchandise (0.68 CPP)

As you can see, this card gives you lots of choices when deciding how best to use your reward points.

Business features

Since this is a business card, it has tons of features for business owners, including:

  • up to 55 interest free days,
  • expense reports that simplify tax preparation and expense management, and
  • a spending limit that will automatically adjust over time.

Insurance coverage

One of the more valuable features of this card is its extensive array of insurance coverage. This includes:

Remarkably comprehensive coverage that comes in handy when you’re at home or on the road.

Travel features

If you travel a lot, this card is definitely one to consider, as it includes:

  • access to over 1,200 airport lounges in over 130 countries,
  • a lineup of hotel benefits, including Marriott Bonvoy Gold Elite status,
  • rental car benefits, discounts and upgrades at Hertz, Avis, and Carey, and
  • 24/7 Platinum Card Travel Service.

Combined with the various travel-related coverages this card includes, this is hard to beat as a card for business travellers.

Other Amex perks

Amex cards usually have extra perks worth talking about, and this card is no exception.

With your Business Platinum Card from American Express, you’re also part of the Front of the Line program, giving you exclusive access to tickets before they’re made generally available.

And there’s also personalized concierge service included, to help with things like making restaurant reservations, booking meeting facilities, or sending gifts to clients.


The only real drawbacks are the $499 annual fee and that supplemental cards also have a fee of $199 annually for Business Platinum Cards, or $50 annually for Business Gold Cards.

But if you spend enough, the generous earn rate for one of the top credit card rewards programs – combined with a huge collection of features – can make up for these annual fees.

Bottom line

The American Express Membership Rewards program is hard to beat. Its value and flexibility make it one of our favourites, and this card gives you a solid welcome bonus and a generous earn rate for every dollar spent. Along with the extensive features, coverages, and perks, this is a business card you’ll definitely want to consider.

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