Is the Amex Business Platinum worth the annual fee?

Feb 11, 2021

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Editor’s note: This post has been updated with new information.

The premium credit card category has become crowded in recent years, putting competitive pressure on banks to offer more and more benefits to entice customers. American Express, which once had the field to itself, has been challenged by Chase with the Chase Sapphire Reserve and Citibank with the Citi Prestige® Card. Amex has responded by enhancing the value of its Platinum cards. The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

(Photo by Isabelle Raphael / The Points Guy)
(Photo by Isabelle Raphael/The Points Guy.)

Let’s take a look at The Business Platinum Card® from American Express and see if its $595 annual fee (see rates and fees) can be justified by its benefits. We’ll look at its value to small-business owners and sole proprietors over five years and we’ll assume that you — or someone in your company — travels a minimum of 10 times each year, or slightly less than once per month.

In This Post

Welcome offer

The current welcome offer for the Business Platinum is 85,000 points after you spend $15,000 on eligible purchases within the first three months of account opening. Plus, earn 5x points on eligible U.S. purchases on shipping, wireless telephone services, advertising in select media, office supplies and gas stations with the card in the first three months of membership — up to 80,000 bonus points per category. 

Membership Rewards points are worth 2 cents each according to TPG’s most recent valuations, giving those 85,000 points a total value of $1,700. But if you manage to max out each of the five categories, that adds up to a whopping 400,000 points, valued by TPG at $8,000.

First-year value: Up to $9,700

Lounge access

If you’re on the road frequently, this is one of the strongest benefits of the Business Platinum card. For starters, you have access to American Express’ highly popular network of Centurion Lounges, currently located in 12 U.S. cities and and Hong Kong (HKG), with additional lounges coming at London Heathrow (LHR) and LaGuardia (LGA).

Centurion Lounges serve gourmet food designed by renowned local chefs, along with signature cocktails, premium spirits and curated wines — all complimentary. Some have spa services, wine-tasting areas, family rooms and shower suites — also all complimentary.

We’ll value each visit at $50, which is the amount that The Platinum Card® from American Express and Centurion cardholders can pay to bring in additional guests beyond the two that are included for free. Ten visits a year equates to a value of $500, which doesn’t include the value of the food, beverages and other amenities.

The Centurion Lounge in Philadelphia (PHL) is one of a growing network of Amex airport lounges. (Photo by Zach Griff/The Points Guy)

You also have the benefit of a Priority Pass Select membership, which grants admission to more than 1,300 global lounges for you and two guests. This type of membership would cost $429 annually if you purchased a Prestige membership directly from Priority Pass, but the American Express version comes with two free guests included (Priority Pass Prestige members pay $32 per guest).

In addition, the card provides entry into Delta Sky Clubs when flying on a Delta ticket (all guests cost $39 each), which equates to a Delta individual membership at $545.

Cardholders also have access to the Airspace (between $20 and $35 per visit) and Escape lounges ($40 per visit when booked in advance and $45 at the door). For our purposes, we’ll make this two visits per year, per lounge at the top price, totaling $70 and $90, respectively.

Yearly value: $1,634

Global Entry and TSA PreCheck

Once every four years, you receive up to a $100 credit toward the application fee for Global Entry or TSA PreCheck ($100 and $85, respectively). The former is a valuable tool for easing your reentry into the U.S. after a foreign trip, while the latter covers expedited security checks during domestic travel.

SLUG: TR-TRUSTEDTRAVELER. DATE: November, 30, 2009 CREDIT: Katherine Frey / TWP. Dulles, VA. Global Entry Trusted Traveler machines at Dulles International that allow for faster processing through customs. Global Entry participants insert their passports, have their photograph taken and the fingerprints scanned as part of the process. (Photo by Katherine Frey/The Washington Post/Getty Images)
(Photo by Katherine Frey/The Washington Post/Getty Images.)

Since a Global Entry membership includes access to TSA PreCheck, we generally recommend that you apply for Global Entry if possible.

Yearly value: $20

Car rental elite status

If you travel frequently on business, you’ll be renting vehicles more often than not. You’ll receive Avis Preferred status with the Business Platinum card, as well as complimentary enrollment in Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive status. It’s difficult to assign a specific dollar value to these perks, but they come with valuable benefits such as category upgrades, discounts, guaranteed availability and return grace periods. We’ll estimate the value to be $200 per year.

Yearly value: $200

$200 airline-fee credit

Every year the Amex Platinum comes with a $200 airline-fee credit that can be used for items including:

  • Checked baggage fees
    Overweight/oversize baggage fees
    Change fees
    Phone reservation fees
    Pet flight fees
    Airport lounge day passes and annual memberships
    Seat assignment fees
    Inflight amenity fees (beverages, food, pillows/blankets, etc.)
    Inflight entertainment fees (excluding wireless internet)

Each January you can click here to select or change your airline choice — you’ll need to log in to access your Amex account. You can also access the airline selection screen by scrolling to the “Benefits” section of your online account.

Yearly value: $200

Bonus points for airfare

When booking airfare and prepaid hotels through American Express Travel, cardholders earn 5 Membership Rewards points per dollar. Using our assumption that either you or an employee takes at least 10 business trips each year, this is a potentially valuable benefit. If we take the most conservative estimate and value each of those plane tickets at $300, and add three hotel nights per trip at $150 per night, your business could earn an extra 37,500 points if everything was booked at At 2 cents each, those points are worth an additional $750.

If you have a healthy volume of business travel, your results would likely be higher. Remember that you’ll still earn frequent flyer miles when booking through Amex Travel, although that won’t apply to hotel loyalty points.

Yearly value: $750

Fine Hotels And Resorts

Business Platinum cardmembers have access to the American Express Fine Hotels and Resorts program. When you book a room at one of more than 1,000 premier properties around the world, you receive the following benefits:

  • Daily breakfast for two
  • Room upgrade, when available
  • Guaranteed 4 p.m. checkout
  • Noon check-in, when available
  • Complimentary Wi-Fi (some restrictions apply)
  • An amenity such as a $100 dining or spa credit
I recently stayed at the St. Regis Bali with a booking that I made through Amex Fine Hotels and Resorts.
I recently stayed at the St. Regis Bali with a booking that I made through Amex Fine Hotels and Resorts. (Photo by Ethan Steinberg/The Points Guy)

Best of all, you can take advantage of special FHR deals for free nights on three- and four-night stays. American Express estimates the value of these benefits at $550 per stay, which seems reasonable when you consider everything that’s included, and we’ll assume that you book an average of two FHR stays per year. Eligibility for this offer is limited. Enrollment is required in the Amex Offers section of your account before redeeming.

Yearly value: $1,100

Purchase bonuses and discounts

One of the benefits unique to the Business Platinum card is the ability to generate a 50% point bonus on purchases of $5,000 or more. For every eligible $5,000 your business spends, you’ll accrue 7,500 Membership Rewards points, worth $150. Let’s say you spend $25,000 on travel. That adds up to $750.

When redeeming points for travel, you’ll also receive a 35% rebate on any airfare purchased with points on your selected qualifying airline through

Yearly value: At least $750

International Airline Program

In 2017, American Express overhauled and improved its International Airline Program. Previously, it was a two-for-one deal on full-fare international business- and first-class tickets, which usually worked out to be higher than many discounted premium fares.

Now, the program offers discounts for Platinum and Centurion cardholders on up to eight tickets in premium economy, business or first. There’s a $39 service charge per ticket (waived for Centurion members), and the cardholder must be traveling on the itinerary.

A sampling of fares in the program by TPG found the average savings to be nearly 10% per ticket. If we assume two international round-trips each year at an average cost of $1,500, that gives us a total of $6,000 in premium airfare. You’d receive a savings of $720 minus the $39 service fee for each booking, for a net cost of $5,358.

Yearly value: $642

Additional Travel Benefits

Business Platinum Concierge. If your personal assistant can’t make the trip with you, rely on the Business Platinum Card Concierge for help with hard-to-get restaurant reservations and concert tickets, as well as arranging meetings and booking transportation. Call the number on the back of your card and say “concierge” when prompted, or send a request from the email linked to your account to

Baggage insurance. You may be compensated for lost, stolen or damaged baggage when traveling on a common carrier, provided the entire trip has been charged to your card. Coverage is limited to $3,000 per traveler, per trip, which includes a limit of $2,000 for checked baggage, $3,000 for carry-on baggage and $1,000 for items such as jewelry or electronics (New York residents are limited to $2,000 per covered traveler, per trip, with a maximum of $10,000).

Travel accident insurance. You’re covered up to $500,000 for accidental death or dismemberment while traveling on a common carrier.

Global Assist Hotline. When traveling more than 100 miles from home, you have 24/7 access to medical, legal, financial or other emergency services such as passport replacement and cash wires (charges may apply).

In addition, the card has no foreign transaction fees (see rates and fees) and offers extended warranty (up to one year) and purchase protection (up to 90 days in case of theft, loss or damage to an item).

Value recap

Let’s sum up the potential yearly benefits of the Amex Business Platinum:

Amex Business Platinum Perk Calculated Value
Welcome offer Up to $9,700
Lounge access $1,634
Global Entry and TSA PreCheck $20
Airline fee-credit $200
Car rental elite status $200
Bonus points for airfare $750
Fine Hotels and Resorts $1,100

Purchase bonuses and discounts

International Airline Program $642
TOTAL $14,996


Bottom line

The Amex Business Platinum Card provides invaluable services for the road warrior: a global airport lounge collection, hotel and car rental status, reimbursement for Global Entry or TSA PreCheck and much more. Taken together, these perks can make life much easier, and enjoyable, when traveling.

You may not use all these benefits each year, but even if you only used your welcome bonus, your airline credit and your Global Entry/Precheck credit, you’d still end up with $9,920 in potential yearly value. That’s more than 16 times the cost of the card’s $595 annual fee (see rates and fees). So if you’re a regular business traveler, or have employees who are, you might consider The Business Platinum Card from American Express a good fit for your business.

Additional reporting by Mark Spivak.

Featured photo by The Points Guy

For rates and fees of the Amex Business Platinum Card, please click here.

The Business Platinum Card® from American Express

Aside from the 85,000-point welcome bonus, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more (up to a cap amount), earn 5x on flights and eligible hotels at and cardholders will receive an up to $200 annual airline fee credit each calendar year.

Apply Now
More Things to Know
  • Earn 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card plus earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, all within the first 3 months of Card Membership.† Terms Apply.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on
  • Get 5X Membership Rewards® points on flights and prepaid hotels on
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.
  • Terms Apply.
  • See Rates & Fees
Regular APR
14.24% - 22.24% Variable
Annual Fee
Balance Transfer Fee
Recommended Credit
Good, Excellent
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.