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  • $499 Annual fee
  • $0 Welcome Bonus
  • 1.25 pts Every $1 Spent

American Express Business Platinum Card Overview

The American Express Business Platinum Card is a premium card for any business owner. New cardholders earn a welcome bonus of up to 100,000 points redeemed as a $1000 statement credit. In addition, you’ll earn 1.25x the points for every $1 charged to your card.

Points earned can be redeemed for:

  • Flights,
  • purchases,
  • Merchandise,
  • Gift cards, and
  • Transfers to other programs.

There’s no limit on how many points you can earn. Also, your points won’t expire as long as your account is open and in good standing.

Besides earning points, you can benefit from the American Express Business Platinum card’s various features. You’ll be eligible for travel and business coverage when you use your card. In addition, you’ll get all the exciting perks of being an Amex cardholder.

Essential Information


American Express


American Express

Card Type

Charge card


The American Express Business Platinum Card offers a generous welcome bonus and points on card purchases.

Welcome Bonus

As a new American Express Business Platinum Cardholder, you’ll earn:

  • 80,000 welcome bonus points for spending $6,000 in the first three months of owning the card, and
  • 20,000 extra points for a purchase made after 14 months of card membership.


With the American Express Business Platinum Card, you’ll earn 1.25x points for every $1 spent on card purchases.

You can redeem your points for several perks, including:

  • Transfers to frequent flyer and hotel programs
  • Flights within Canada and abroad
  • Airline ticket purchases on
  • Gift cards and merchandise
  • purchases
  • Statement credits to offset an eligible purchase made with your card
  • Hotels, car rentals, and flights with American Express Travel


Business Coverage

The American Express Business Platinum Card comes with Employee Card Misuse Protection. This covers you for eligible unauthorized charges made on the card.

As long as you remove the additional Cardmember and cancel their card within two business days, you’ll receive coverage. The maximum amount of insurance provided is $100,000 per Cardmember.

Travel Coverage

The Business Platinum Card from American Express® provides the following coverage when you book travel with your card.

  • Out of province/country emergency medical insurance
  • $500,000 travel accident insurance
  • Flight delay insurance
  • Trip interruption insurance
  • Trip cancellation insurance
  • Baggage delay insurance
  • Lost or stolen baggage insurance
  • Car rental theft and damage insurance
  • Hotel burglary insurance
  • Travel emergency assistance

Other Perks

Besides the welcome bonus and insurance coverage provided by the Amex Business Platinum card, you’ll receive the following benefits.

  • Access to over 1,200 airport lounges in over 130 countries with the American Express Global Lounge Collection.
  • Complimentary airport transfer for eligible round-trip first class and business class flights.
  • Refer a fellow business owner and earn a maximum annual referral bonus of 225,000 Membership Rewards points.
  • Purchase protection for 90 days from the date of purchase for up to $1000 per occurrence.
  • The extended warranty doubles up to one additional year of the manufacturer’s original warranty.
  • Access to Front Of The Line® Presale & Reserved Tickets with American Express® Experiences.

Costs and Fees

  • Annual fee: $499
  • Additional card fee: $199 (platinum card) or $50 (gold card)
  • The interest rate on purchases: 30%
  • Cash advance interest rate: N/A
  • Balance transfer interest rate: N/A

FAQs about the
American Express Business Platinum Card

Do You Need a Registered Business to Apply for the Amex Business Platinum Card?

No, you don’t need a registered business. You can apply as long as you meet the income requirements and have a Social Insurance Number (SIN).

What Are the Eligibility Requirements for this Card?

To qualify for the Amex Business Platinum card, you must:

  • Be the age of majority in your province/territory. Amex recommends you be at least 21 years old to have full access to the benefits and features of the card.
  • Have a Canadian credit file and a credit score of over 740.
  • Be a Canadian resident.
  • Meet the business income requirements.

What Is the Income Requirement to Apply for the Amex Business Platinum Card?

Before applying for this card, your annual income must be at least $50,000 or higher. The Amex Business Platinum Card gives you a little more wiggle room. Even if your business income is low or only recently opened, you may qualify for an Amex small business card.

How Much Are the Rewards Worth?

The value of the Membership Rewards® points will vary depending on how you redeem them. You can expect a value of over $1,000 with their redemption options. If you combine this card with your other American Express credit cards, you can get even more value out of your reward points.

How Do I Redeem My Reward Points?

The Business Platinum card offers a ton of options to redeem your reward points. You can redeem your reward points through Amex Travel or Amex’s airline partners. You can earn up to 15 cents per reward point using airline partners.

You can also transfer your reward points through Amex Travel hotel partners. Hilton offers the best benefits; you get two Hilton points per one reward point. Marriot and Choice hotels offer a 1:1 points transfer.

How Long Does an APR Penalty Apply?

If you get an APR penalty, it will be applied for at least 12 billing periods in a row. It will continue until you’ve paid all you owe on time.

What Is the Due Date for Paying Interest?

Your due date is at least 25 days after the close of each billing period. Amex will not charge you interest if you pay your entire balance by each month’s due date.

American Express Business Platinum Card Details

American Express
Network Provider
American Express
Card Type
Business, Rewards
Rewards Type
Annual Fee
Purchase Interest Rate
Credit Needed
Good (660 - 724)

American Express Business Platinum Card Offices

Phone Number
Mon – Fri, 8:00 a.m. – 8:00 p.m. ET
2225 Sheppard Avenue East North York ON M2J 5C2 Canada
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American Express Business Platinum Card Card Details
  • Min. Credit :
    Good (660 - 724)
  • Card Type : Business, Rewards
  • Reward Type : Points
  • Providers : American Express
  • Network Provider : American Express
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