Why you should consider having both the personal and business Amex Platinum cards

Oct 5, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

The Platinum Card® from American Express and the Business Platinum® Card from American Express have established themselves as the cards to have if you’re interested in luxury travel benefits. With an overlapping rewards structure and similar benefits, it’s logical to question which is the best for you. (Or, if you already have one of the cards, you may be wondering whether you should splurge for the other.

It could actually work out in your favor to make room for both of the cards in your wallet.

There are certain benefits of each card that complements the other, making them a great combination when it comes to getting the most out of your travel. Here’s why:

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

Up to $3,200 in welcome bonus value

Both cards come with pretty substantial welcome bonuses. The Business Platinum Card will net you up to a 100,000-point welcome offer — 50,000 points after you spend $10,000, and an extra 50,000 points after you spend an additional $15,000, all on qualifying purchases, within your first three months of card membership.  With the personal Amex Platinum, you’ll earn 60,000 points after you spend $5,000 in the first three months (though you may be targeted for a higher offer via the CardMatch Tool).

If you apply for both of the Platinum cards and meet the required minimum spend, you’ll get a total of 160,000 Membership Rewards points. Based on TPG’s most recent valuations, that’s worth about $3,200 — more than double the combined cost of the annual fees.

Varied travel credits

One of the easiest perks to take advantage of with the Platinum cards is the airline credit. Each card has an up to $200 airline fee credit, and while it isn’t as generous as the $300 travel credit you’ll get with the Chase Sapphire Reserve card (which can be applied to any travel purchase), the credit with the Amex Platinum Cards is still very useful.

Aside from the airline fee credits, each card offers differing travel credits that make having both cards worth considering. The personal Platinum Card offers up to $200 in Uber credits, an up to $100 Saks credit and an up to $100 credit for your Global Entry or TSA PreCheck application. The Business Platinum comes with an up to $200 Dell credit and a Global Entry or TSA PreCheck application fee credit, up to $100 (which you can use to pay for a frequent travel companion’s application).

Together, these credits amount to $1,100 in value (which alone mostly offsets the cost of both annual fees).

Travel protections

Both the personal and business Amex Platinum are among the cards getting a protections overhaul. Beginning Jan. 1, 2020, cardholders will now receive access to trip cancellation insurance, trip interruption insurance and trip delay insurance. With Citi cards recently eliminating these protections from its cards, the addition of these benefits is another reason to book your travel with an Amex Platinum. The move also makes these two cards more competitive with the Chase Sapphire Reserve, which comes with a plethora of travel insurance.

Because both the Amex Platinum and Amex Business Platinum will have these benefits, cardholders can rest assured both business and personal trips will be taken care of (so long as you’re using your Amex Platinum to book your travel).

Hotel benefits

Access to an array of hotel benefits is one of the areas where these two cards overlap. With both the personal and business Amex Platinum, you’ll receive complimentary Gold status at Hilton and Marriott and have access to Amex Fine Hotels & Resorts (FHR).

Gold status at Hilton comes with perks like complimentary breakfast, room upgrades when available, an 80% point bonus on paid stays and more. Marriott Bonvoy Gold status comes with priority late checkout, upgrades when available, a 25% point bonus and more. Amex Fine Hotels & Resorts is a program that offers elite-like benefits at properties around the world. These perks include guaranteed late checkout, daily breakfast for two, room upgrades when available, a unique property amenity (valued at $100 or more) and more. Some properties in this program will also offer third, fourth or fifth nights free, which is a valuable benefit when you’re not booking your stay through Hilton.

While you only need one Platinum card to enjoy these benefits, having both ensures you’re taking advantage of benefits while you maximize earning no matter if your trip is for business or pleasure. Let’s say you only had the personal Amex Platinum. While that card will give you all of these benefits on its own, you won’t want to pay for yours and two employees’ hotel stays on your personal card, which means you’d lose out on 5x earning. The same logic applies if you only have the Business Platinum, but you want to book a family vacation. If you have both cards, you know you’ll get hotel benefits with any stay while still earning 5x.

Maximizing personal and business spending

Perhaps one of the biggest benefits of having both the personal and business versions of the card is that you’re effectively earning 7.7% back on every airfare purchase you put on your personal Platinum Card. You’ll also earn 5x on prepaid hotels booked on amextravel.com. If you earn 5x points on eligible travel purchases and then redeem those points at a value of 1.54 cents apiece with Pay with Points through the Business Platinum, you’re getting a return of 7.7% — that’s hard to beat! Even if you don’t redeem your points that way, you could still get a 7.7% return, as TPG values Amex Membership Rewards points at 2 cents apiece in the latest valuations.

 

(Photo by Isabelle Raphael / The Points Guy)
With both Platinum cards, you can maximize your travel spending whether you’re booking a trip for business or pleasure. (Photo by Isabelle Raphael/The Points Guy)

Something else to consider is the 50% bonus for large purchases with the Amex Business Platinum. Both the personal and business cards are charge cards, so there’s no predetermined credit limit, meaning you have more freedom when it comes to making larger purchases. In addition, the Business Platinum earns you 50% more points on purchases of $5,000 or more, for up to 1 million additional Membership Rewards points every year.

Say, for example, you’re making an $11,500 purchase that wouldn’t be eligible for a bonus with another card. In total, you’d earn 17,250 Membership Rewards points in return — worth about $345 based on TPG’s most recent valuations. If you were to use another card without a category bonus for what you’re buying, you’d earn 11,500 Membership Rewards points — worth about $230. Effectively, you’d be getting more than $100 extra in value by using the Business Platinum.

Bottom line

Using both the Amex Platinum Card and its business version can get you the maximum value on both your rewards-earning and redemptions, in addition to some great cardholder perks. Each is a great card on its own, but having both in your wallet can get you even more Membership Rewards points, and it can help you stretch those points further when it comes time to use them toward travel.

Additional reporting by Emily McNutt.

The Business Platinum® Card from American Express

Aside from the up to 100,000 points 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, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.

Apply Now
More Things to Know
  • Welcome Offer: Earn up to 100,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points 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.
  • 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.
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$595
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
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.