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.