Business Platinum Card from American Express review

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Advertiser Disclosure

Interest Rate: Purchases
30%
Balance Transfer
-
Rewards
1.25 points
Signup Bonus
40000 points (after spending $5,000)


9.4/10
Informr score
The Business Platinum Card from American Express currently has an Informr score of 9.4 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Business Platinum Card from American Express is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Money We Have

If you’re looking to earn points fast, it likely makes more sense to apply for the American Express Platinum card, but if you need something to manage your business expenses, then apply for the American Express Business Platinum card.

- Barry Choi, Money We Have
Canadian Kilometers

The American Express Business Platinum card is a fantastic addition to any wallet. This card has the highest signup bonus in Canada, which by itself already makes it one card you should get. For anyone who likes luxury travel, applying should be a no-brainer.

- Canadian Kilometers
PointsNerd

Personally, I find this card to be irresistible based on the huge sign-up bonus as well as the other benefits of the card.

- Jayce, PointsNerd
PointsWise

The huge welcome bonus, along with all of the other benefits that come with the card make this a must have for any Canadian wanting to boost their points balance fast!

- Tyler Weatherup, PointsWise
RewardExpert

The card is part of the Membership Rewards program, which has points that can be transferred to an array of travel partners, redeemed for airfare through American Express Travel and used toward statement credits.

- Anya Kartashova, RewardExpert

Details


Interest Rates
Regular APR Interest Rate 30%

Interest rate only applies to balances not paid in full.

Balance Transfer Interest Rate

No interest charges because you pay your balance in full each month

Cash Advance Interest Rate

No interest charges because you pay your balance in full each month

Rates & Fees
Annual Fee $499.00
Balance Transfer Fee
Cash Advance Fee 3%

Minimum of $0.75

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus 40000 points after spending $5,000

On purchases within the first 3 months.

Rewards
All Purchases 1.25 points per $1 spent
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details


Features & Benefits
Additional Card Holders Yes

$199 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service Yes
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay
Additional Benefits
  • Starwood Gold Preferred Guest Membership
  • Airport Lounge Access
  • Trip Cancellation and Interruption Insurance
  • Baggage Delay Insurance
  • Flight Delay Insurance
  • Lost or Stolen Baggage Insurance
  • Hotel / Motel Burglary Insurance
  • Employee Card Misuse Protection
Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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Additional comments
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


Money We Have

A strong card for consumers and small business owners

from Money We Have

If you’re looking to earn points fast, it likely makes more sense to apply for the American Express Platinum card, but if you need something to manage your business expenses, then apply for the American Express Business Platinum card.

Read full review

If you’re looking to earn points fast, it likely makes more sense to apply for the American Express Platinum card, but if you need something to manage your business expenses, then apply for the American Express Business Platinum card.

Read full review

Less

Canadian Kilometers

Highest signup bonus in Canada

Canadian Kilometers

The American Express Business Platinum card is a fantastic addition to any wallet. This card has the highest signup bonus in Canada, which by itself already makes it one card you should get. For anyone who likes luxury travel, applying should be a no-brainer.

Read full review

The American Express Business Platinum card is a fantastic addition to any wallet. This card has the highest signup bonus in Canada, which by itself already makes it one card you should get. For anyone who likes luxury travel, applying should be a no-brainer.

Read full review

Less

PointsNerd

An excellent card to have if you are looking to collect points

from PointsNerd

Personally, I find this card to be irresistible based on the huge sign-up bonus as well as the other benefits of the card.

Read full review

Personally, I find this card to be irresistible based on the huge sign-up bonus as well as the other benefits of the card.

Read full review

Less

PointsWise

Highest credit card bonus in Canada

from PointsWise

The huge welcome bonus, along with all of the other benefits that come with the card make this a must have for any Canadian wanting to boost their points balance fast!

Read full review

The huge welcome bonus, along with all of the other benefits that come with the card make this a must have for any Canadian wanting to boost their points balance fast!

Read full review

Less

RewardExpert

Best Offer of the Year for Business Travel

from RewardExpert

The card is part of the Membership Rewards program, which has points that can be transferred to an array of travel partners, redeemed for airfare through American Express Travel and used toward statement credits.

Read full review

The card is part of the Membership Rewards program, which has points that can be transferred to an array of travel partners, redeemed for airfare through American Express Travel and used toward statement credits.

Read full review

Less

User Reviews


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