About Business Platinum Card® from American Express
A Business Platinum Card® from American Express is a charge card for business owners with no pre-set spending limit. This card features payment flexibility and provides various business benefits from American Express.
Business Platinum Card® from American Express features
A Business Platinum Card® from American Express provides flexibility in payment — you can choose between Due in Full and Flexible Payment Option balances. If you opt for an All Due in Full balance, you must repay your balance in full each month; if you don’t, 30% interest will apply.
In case of a Flexible Payment Option balance, a 19.99% interest rate will apply.
The annual fee for a Business Platinum Card® from American Express is $499 for the primary cardholder, and you can issue up to 9 supplementary cards for your employees. Issuing an Employee Business Platinum Card will cost you $199 annually, while issuing an Employee Business Gold Rewards Card will cost you $50 annually.
With a welcome offer for new clients, you can get 80,000 Membership Rewards® points for spending $6,000 within the first three months. Along with that, you will earn 1.25 Membership Rewards points for every $1 spent on your everyday purchases.
Participating in the referral program can bring you an annual referral bonus of 225,000 Membership Rewards points for approved referrals.
You can redeem your Membership Rewards points towards any of the following:
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Booking flights, hotels, and car rentals through American Express Travel Services and AirCanada.com
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Making statement credits toward your purchases
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Paying for Amazon.ca purchases
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Buying gift cards and merchandise
With a Business Platinum Card® from American Express, you can access Expense Management Reports and online services to view your current statement, set up alerts, and make payments.
Travel benefits provided by an American Express to Business Platinum Card® are:
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Access to airport lounge programs — Plaza Premium Lounges, Priority PassTM, The Centurion® Lounge, and Delta Sky Club®
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Access to hotel programs like Fine Hotels and Resorts, The Hotel Collection from American Express®, and Premium Hotel Program Membership providing a range of amenities and room upgrades
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Benefits at Toronto Pearson International Airport including access to the expedited Pearson Priority Security Lane, complimentary valet service, and discounts on parking
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International Airline Program providing discounts on base fares for you and your travel companions
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Premium Airport Transfer Service providing complimentary airport transfers
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Hertz Car Rental Benefits including one car class upgrade on at least 5-day rentals and a fee-waived for one additional driver
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Discounts at Avis locations
Additional benefits from American Express are:
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American Express® Experiences providing access to presale and reserved tickets to a variety of events plus various onsite benefits
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Amex Offers providing additional rewards for your everyday purchases
A Business Platinum Card® from American Express provides comprehensive travel insurance coverage plus the Buyer’s Assurance® Protection Plan and Purchase Protection® Plan. It also features Employee Card Misuse Protection providing up to $100,000 coverage per Cardmember for situations when employees misuse employee cards issued for them for unauthorized charges.
Pros and cons
The pros of a Business Platinum Card® from American Express are:
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A variety of reward-earning and redemption opportunities
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The referral program rewarding you for approved referrals
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A range of benefits from American Express and its partners
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Extensive insurance coverage
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24/7 customer service
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Credit card protection capabilities
Here are the cons to be aware of:
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A $499 annual fee
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Limits on the maximum referral bonus you can receive for referring a friend
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The lack of mobile device insurance
How to apply for a Business Platinum Card® from American Express
You can apply for a Business Platinum Card® from American Express online — click the “Apply Now” button next to its description and provide the following details:
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Your first name
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Your middle name
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Your last name
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Your name on the card
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Your email
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Your date of birth
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Your postal code
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Your phone number
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Your address
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Your personal annual income
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Your social insurance number (optional)
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Your legal business name
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Your business name on the card
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Your industry
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Your role or title
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Years in business
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Number of employees
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Your annual business revenue
You will also need to create a PIN and specify if you want to receive Online-Only Statements or order supplementary cards.
Once you do, review your applicant information, agree to the terms and conditions, and click the “SUBMIT” button.