How to Apply for the American Express Business Platinum Credit Card?
The American Express Business Platinum Credit Card is a prestigious card known for its premium benefits and services tailored to meet the needs of business professionals.
This article will guide you through understanding how the card works, its advantages and disadvantages, whether it’s worth applying for, the requirements, and a step-by-step application process.
Additionally, we’ll address some frequently asked questions to help you make an informed decision.
How Does the American Express Business Platinum Credit Card Work?
The American Express Business Platinum Credit Card is designed for business owners and executives who require extensive travel and business-related perks.
It operates on a charge card model, meaning the balance must be paid in full each month, unlike traditional credit cards that allow you to carry a balance with interest.
This card offers a suite of benefits, including travel rewards, purchase protections, and business-oriented services that can enhance your company’s efficiency and growth.
→ CLICK HERE TO REQUEST YOUR CREDIT CARD
Advantages of the American Express Business Platinum Credit Card
Here are ten significant advantages of the American Express Business Platinum Credit Card:
- Annual Travel Credit: Receive up to $200 in annual statement credits for airline incidental fees, such as baggage fees and in-flight refreshments, on a selected airline.
- Hotel Benefits: Enjoy benefits at over 1,000 Fine Hotels & Resorts properties, including room upgrades, daily breakfast for two, early check-in, late checkout, and complimentary Wi-Fi.
- Global Entry/TSA PreCheck Credit: Receive a statement credit for the application fee for Global Entry or TSA PreCheck, expediting your travel process.
- Premium Car Rental Status: Benefit from elite status with car rental programs such as Hertz Gold Plus Rewards, Avis Preferred, and National Car Rental Emerald Club Executive.
- Business and Expense Management Tools: Access tools like Spend Manager, Connect to QuickBooks, and Account Manager to simplify managing your business expenses.
- Purchase and Return Protection: Enjoy purchase protection against accidental damage or theft and extended warranty coverage on eligible items.
- Employee Cards: Issue cards to your employees, allowing you to set spending limits and earn rewards on their purchases.
- 24/7 Customer Service and Concierge: Access round-the-clock customer support and concierge services to assist with travel arrangements, event planning, and more.
Disadvantages of the American Express Business Platinum Credit Card
While the card offers numerous benefits, it’s essential to consider some potential drawbacks:
- Requires Full Payment Each Month: As a charge card, the balance must be paid in full each month, which can be restrictive for businesses needing flexible payment options.
- Limited Acceptance: American Express cards are not as widely accepted as Visa or MasterCard, particularly at smaller businesses and internationally.
- Complex Rewards Program: The rewards program can be complicated to navigate, especially when trying to maximize the value of Membership Rewards points.
Is It Worth Applying for the American Express Business Platinum Credit Card?
Determining whether the American Express Business Platinum Credit Card is worth it depends on your business needs and spending habits.
If your business incurs substantial travel expenses and you can take full advantage of the card’s travel-related benefits and rewards, the high annual fee may be offset by the value received.
However, if your business does not travel frequently or requires more flexible payment options, you might want to consider other credit cards with lower fees and simpler rewards programs.
→ CLICK HERE TO REQUEST YOUR CREDIT CARD
Requirements to Apply for the American Express Business Platinum Credit Card
To apply for the American Express Business Platinum Credit Card, you typically need:
- Good to Excellent Credit Score: A credit score of 700 or higher is generally recommended.
- Business Information: Details about your business, including the legal name, address, and Tax Identification Number (TIN).
- Financial Information: Information about your business’s revenue, expenses, and overall financial health.
- Personal Information: Your personal identification details and Social Security Number (SSN) as the business owner.
How to Apply for the American Express Business Platinum Credit Card
- Visit the American Express Website: Go to the American Express website and navigate to the Business Platinum Card page.
- Review the Card Benefits and Terms: Carefully review the card’s benefits, terms, and conditions to ensure it aligns with your business needs.
- Click “Apply Now”: Click the “Apply Now” button to start the application process.
- Fill Out the Application Form: Complete the application form with accurate information about your business and personal details.
- Submit the Application: Review your information for accuracy and submit the application.
- Wait for Approval: American Express will review your application and notify you of their decision, usually within a few business days.
→ CLICK HERE TO REQUEST YOUR CREDIT CARD
Frequently Asked Questions
1. What is the annual fee for the American Express Business Platinum Credit Card?
The annual fee is $695. However, the extensive benefits can offset this cost if utilized effectively.
2. Can I add employee cards?
Yes, you can add employee cards and set individual spending limits. Each additional card may incur a fee.
3. How can I redeem Membership Rewards points?
Points can be redeemed for travel, gift cards, merchandise, or transferred to participating airline and hotel loyalty programs.
4. What is the APR for the Business Platinum Card?
As a charge card, the balance must be paid in full each month, so there is no traditional APR. However, late fees apply if the balance is not paid on time.
5. Does the card offer travel insurance?
Yes, the card offers various travel insurances, including trip cancellation and interruption insurance, and car rental loss and damage insurance.
In conclusion, the American Express Business Platinum Credit Card offers substantial benefits for businesses with significant travel needs and expenses.
By understanding its features, advantages, and requirements, you can make an informed decision on whether this premium card aligns with your business objectives.
