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8 business credit cards that can replace your Amex Business Platinum

January 27 2022
10 min read
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Earlier this month, American Express raised the annual fee of The Business Platinum Card® from American Express from $595 to $695 (see rates and fees).

In other words, the most expensive business card on the market somehow got even more expensive. This $100 difference may leave cardholders wondering if it's time to ditch the card for good.

However, the issuer has added more than $600 in annual business-centered statement credits (enrollment required):

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  • Up to $360 in Indeed statement credit.
  • Up to $150 in Adobe statement credit.
  • Up to $120 in U.S. wireless telephone services statement credit for purchases made directly with a U.S. provider, broken down to $10 monthly.

If you're able to make use of some (or all) of these credits, it's likely worth keeping the Amex Business Platinum in your wallet, given that the other ongoing benefits can help you justify the increased annual fee.

But if you've decided that it's time to throw in the towel, here are eight business credit cards that can serve as excellent replacements.

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American Express® Business Gold Card

(Photo by Isabelle Raphael/The Points Guy)

If you want to keep earning and redeeming points through the American Express Membership Rewards ecosystem, the American Express Business Gold Card remains the next best option.

For a fraction of the annual fee ($295 per year; see rates and fees), the Amex Business Gold presents strong earning rates. You'll earn 4 Membership Rewards points per dollar on the two categories where your business spends the most, on up to the first $150,000 in combined purchases, then 1 point per dollar:

  • Airfare purchases directly from airlines.
  • U.S. purchases on online, TV and radio advertising.
  • U.S. purchases on computer hardware, software and cloud systems from select technology providers.
  • U.S. gas stations.
  • U.S. restaurants, including takeout and delivery.
  • U.S. shipping.

If your business spends up to the $150,000 threshold, you're looking at earning 600,000 Membership Rewards points annually — worth a tremendous $12,000 based on TPG's valuations. You'll still be able to transfer your points to Amex's 20-plus airline and hotel transfer partners, but you'll also be able to redeem your points for flights through the Amex Travel portal and get a 25% points rebate, up to 250,000 points back per calendar year.

While you could downgrade your Amex Business Platinum to the Amex Business Gold, you may want to consider applying for the Amex Business Gold outright. That way, you're eligible to score its welcome bonus of 70,000 Membership Rewards points after you spend $10,000 within the first three months of card membership.

Official application link: Amex Business Gold card

The Blue Business® Plus Credit Card from American Express

(Photo by John Gribben for The Points Guy)

Perhaps you've decided it's time to stop paying an annual fee altogether. Or maybe you're tired of keeping up with the dizzying array of annual statement credits offered on the enhanced Amex Business Platinum.

If either situation applies to you, you can downgrade your Amex Business Platinum to the Blue Business Plus so that you can keep all of your hard-earned Membership Rewards points active for no annual fee (see rates and fees).

Simplicity is your best friend with the Blue Business Plus. You'll earn 2 Membership Rewards points per dollar on the first $50,000 spent, then 1 point per dollar afterward. No matter the purchase, you're always earning double the points up to that $50,000 spending threshold. If you're a business owner who doesn't have an exorbitant number of operating expenses, the Blue Business Plus is a fantastic option to retain earning and redeeming possibilities in the Membership Rewards program.

Official application link: Amex Blue Business Plus

Ink Business Preferred Credit Card

(Photo by John Gribben for The Points Guy)

Amex's biggest competitor in the credit card rewards program space is Chase Ultimate Rewards. If you're looking to cancel your Amex Business Platinum but don't know what to apply for, look no further than the Ink Business Preferred Credit Card.

For just $95 per year, you'll earn 3 points per dollar spent on shipping, internet, cable and phone services, advertising purchases and travel (on up to the first $150,000 spent each account anniversary year, then 1 point per dollar). The Chase Ultimate Rewards program offers a wide breadth of transfer partners, including 11 airline and three hotel loyalty programs.

To top it all off, the Ink Business Preferred comes with a six-figure sign-up bonus: Earn 100,000 Ultimate Rewards points after you spend $15,000 on purchases in the first three months of account opening. That's worth $2,000 according to TPG's latest valuations.

Official application link: Ink Business Preferred

Ink Business Premier Credit Card

(Photo by The Points Guy)

In late 2021, Chase launched its first premium business credit card: the Ink Business Premier Credit Card. However, unlike the Ink Business Preferred, the Ink Business Premier is a business cash-back card. While you can redeem your rewards on the Ultimate Rewards portal for travel, gift cards, cash back and more, you won't be able to transfer your points to Chase's transfer partners.

Still, this card is a good fit for those with significant business expenses, as there's uncapped potential for earning rewards. You'll earn 5% total cash back on travel purchased through Chase Ultimate Rewards, 2.5% total cash back on purchases of $5,000 or greater and 2% cash back on all other eligible purchases.

With an annual fee of $195, the Ink Business Premier is likely only suitable for businesses that aren't concerned with earning travel rewards. Currently, you can only apply for this card if you have an existing business relationship with Chase, although online applications will open sometime in early 2022.

The information for the Ink Business Premier card has been collected independently by The Points Guy. The card details on this page have not been reviewed by the card issuer.

Capital One Spark Miles for Business

(Photo by John Gribben for The Points Guy)

If travel rewards are still top of mind, you'll want to consider the Capital One Spark Miles for Business. It's surprisingly affordable, with a $95 annual fee that's even waived the first year.

Cardholders will earn a flat 2 miles per dollar on all purchases, with no limit to how many rewards you can earn. Since TPG values Capital One miles at 1.85 cents each, that's like getting a 3.7% return on all of your purchases. Better yet, Capital One has stepped up its portfolio of transfer partners, and you'll be able to move your miles to 17 airline and hotel loyalty programs.

New applicants will earn a sign-up bonus of 50,000 miles once you spend $4,500 on purchases within the first three months of account opening.

Official application link: Capital One Spark Miles for Business

Delta SkyMiles® Reserve Business American Express Card

One of the best benefits of the Amex Business Platinum is its comprehensive lounge benefits. By canceling (or downgrading) the card, you'll effectively lose your lounge privileges.

But if you're a frequent Delta flyer, you may want to consider opening the Delta SkyMiles Reserve Business card instead. The annual fee is $550 (see rates and fees), but you'll be able to visit the Delta Sky Club and Centurion Lounge on same-day Delta flights. Other benefits include an annual round-trip companion certificate upon account renewal — which can also compensate for the annual fee — and complimentary upgrades on Delta flights upon availability.

Earning rates are also solid for big businesses, with 3 miles per dollar on Delta purchases, 1.5 miles per dollar after you spend $150,000 on the card in a calendar year and 1 mile per dollar on all other eligible purchases. Delta's elite status will quickly become in reach, too, as there's a welcome offer of 60,000 Bonus Miles and 10,000 Medallion Qualification Miles (MQMs) after you spend $4,000 in purchases on your new card in your first three months of card membership.

Official application link: Delta SkyMiles Reserve Business

Marriott Bonvoy Business® American Express® Card

(Photo by Wyatt Smith/The Points Guy)

The Amex Business Platinum comes with automatic Marriott Bonvoy Gold Elite status, which gets you benefits like space-available enhanced room upgrades, a 25% points bonus on Marriott stays and more.

If you want to continue your loyalty to Marriott, take a closer look at the Marriott Bonvoy Business American Express Card. The annual fee is just $125 (see rates and fees), granting you automatic Gold Elite status. Other important benefits include a free night certificate every card renewal month and the ability to earn 6 points per dollar on Marriott hotels; 4 points per dollar on purchases at restaurants, U.S. gas stations, U.S. shipping providers and wireless telephone services directly from U.S. providers; and 2 points per dollar on all other eligible purchases.

With the welcome offer you can earn 100,000 bonus points after you use your new card to make $4,000 in purchases within the first three months of card membership.

Official application link: Marriott Bonvoy Business Amex Card

Hilton Honors American Express Business Card

(Photo by Wyatt Smith/The Points Guy)

On a similar note, you'll also get complimentary Hilton Honors Gold elite status from your Amex Business Platinum. If you're more of a Hilton fan, the Hilton Honors American Express Business Card is a worthwhile option — and for just $95 per year (see rates and fees).

It pays to spend with this card. While you'll get complimentary Gold elite status from the card, with $40,000 in spending in a calendar year, you can get automatic top-tier Hilton Honors Diamond elite status. Cardholders will earn 12 points per dollar at Hilton hotels and resorts; 6 points per dollar on U.S. gas stations, wireless telephone services directly from U.S. service providers, U.S. shipping, U.S. restaurants, flights booked directly with airlines or with Amex Travel, and car rentals booked directly from select companies; and 3 points per dollar on all other eligible purchases.

You'll earn 130,000 Hilton Honors bonus points after you spend $3,000 in purchases on the card in the first three months of card membership.

Official application link: Hilton Honors American Express Business Card

Bottom line

Annual fee increases are not uncommon nowadays, and unfortunately, the Amex Business Platinum is the latest victim of this trend. Fortunately, any of the eight aforementioned cards make for fantastic substitutes if you've decided that it's time to downgrade your card for something more modest.

For rates and fees of the Amex Business Platinum, click here.
For rates and fees of the Amex Business Gold, click here.
For rates and fees of the Blue Business Plus, click here.
For rates and fees of the Delta SkyMiles Reserve Business, click here.
For rates and fees of the Marriott Bonvoy Business, click here.
For rates and fees of the Hilton Honors Business, click here.

Featured photo by (Photo by Wyatt Smith/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

TPG featured card

Best Marriott card for Business Owners
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards

2 - 6X points
6X6x points at hotels participating in the Marriott Bonvoy® program.
4X4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
2X2x points on all other eligible purchases.

Intro offer

Limited Time Offer: Earn 100,000 points75,000 points
Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.

Annual Fee

$125

Recommended Credit

670-850
Excellent/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Marriott Bonvoy Business Amex is a stacked card with a rewards rate that will help you earn bonus points on everyday and business-related purchases. You'll earn 15 elite night credits each calendar year, and receive automatic Gold elite status. Finally, the free night award certificate with a redemption level of 35,000 points or less can get you hundreds of dollars in potential value each year.

Pros

  • 6x points on eligible purchases at hotels participating in the Marriott Bonvoy program
  • 4x points at restaurants worldwide, U.S. gas stations, wireless telephone services purchased directly from U.S. service providers and U.S. shipping
  • 2x points on all other eligible purchases
  • Earn a free-night award each card renewal month (up to 35,000 points)
  • Receive 15 elite night credits to jump-start status
  • Transfer Marriott points to 40+ airlines

Cons

  • Airline points transfer ratios are poor
  • Must spend $60,000 in a year for second free-night award
  • Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.
  • 6x points at hotels participating in the Marriott Bonvoy® program.
  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • 2x points on all other eligible purchases.
  • Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions Apply.
  • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
  • Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
  • Terms apply.
  • See Rates & Fees
Apply for Marriott Bonvoy Business® American Express® Card
at American Express's secure site
Terms & restrictions apply. See rates & fees
Best Marriott card for Business Owners
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

6X6x points at hotels participating in the Marriott Bonvoy® program.
4X4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
2X2x points on all other eligible purchases.
  • Intro Offer
    Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.

    Limited Time Offer: Earn 100,000 points
    75,000 points
  • Annual Fee

    $125
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent/Good

Why We Chose It

The Marriott Bonvoy Business Amex is a stacked card with a rewards rate that will help you earn bonus points on everyday and business-related purchases. You'll earn 15 elite night credits each calendar year, and receive automatic Gold elite status. Finally, the free night award certificate with a redemption level of 35,000 points or less can get you hundreds of dollars in potential value each year.

Pros

  • 6x points on eligible purchases at hotels participating in the Marriott Bonvoy program
  • 4x points at restaurants worldwide, U.S. gas stations, wireless telephone services purchased directly from U.S. service providers and U.S. shipping
  • 2x points on all other eligible purchases
  • Earn a free-night award each card renewal month (up to 35,000 points)
  • Receive 15 elite night credits to jump-start status
  • Transfer Marriott points to 40+ airlines

Cons

  • Airline points transfer ratios are poor
  • Must spend $60,000 in a year for second free-night award
  • Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.
  • 6x points at hotels participating in the Marriott Bonvoy® program.
  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • 2x points on all other eligible purchases.
  • Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions Apply.
  • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
  • Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
  • Terms apply.
  • See Rates & Fees