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Your determination to acquire The Business Platinum Card® from American Express is well-founded. With a wealth of travel perks and small business advantages that translate into over $1,000 in statement credits, it’s a clear choice. Moreover, the substantial welcome offer is an impressive bonus not to be missed. But how hard is it to get the Amex Business Platinum card?
New Business Platinum Card® from American Express cardholders have the opportunity to earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with their Card within the first 3 months of Card Membership.
Learn more: Business Platinum Card® from American Express
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
How Hard Is It To Get The Amex Business Platinum?
Now can be one of the best times to apply for this benefit-packed card (check out the Amex Business Platinum Card review to learn more).
As mentioned above, new The Business Platinum Card® from American Express cardholders have the opportunity to earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with their Card within the first 3 months of Card Membership.
The annual fee is $695 (See Rates & Fees).
Who Can Go For the Amex Business Platinum?
Any U.S. resident at least 18 years old with business income can try for The Business Platinum Card® from American Express. Your company can be structured as a corporation, partnership, or sole proprietorship.
As required by federal law, you will need to apply using your EIN if you are a corporation or partnership. Sole proprietors can apply with their EIN or Social Security number.
The application process is similar to applying for any other business card. You will need to enter your business and personal details, including annual income, contact information, business industry, and size.
In most cases, Amex provides a decision within 30 seconds of submitting your application. If your application flags for further review, you may need to show proof of income.
740 Credit Score
You will have the best approval odds for the Amex Business Platinum if you have a personal credit score of at least 740. As this is a premium card, you will need a good to excellent credit score.
However, you can be approved with a score as low as 700. Your approval odds are better if you have a higher annual income or a current relationship with American Express.
Even though this is a business card, American Express still uses your personal credit score to reach an application decision. Also, missing monthly payments can negatively affect your credit score.
At Least 18 Years Old
American Express only requires you to be at least 18 years old to apply for the Business Platinum Card from American Express.
However, you must be at least 21 years old to enjoy the full benefits of this card. This is because the airport lounge partners may require you to be at least 21 to enter certain lounge locations.
Being a few years older also lets you establish a credit history, which increases your approval odds.
Amex Application Guidelines
A general guideline is to only apply for one Amex card every 5 days and 2 cards every 90 days.
However, the “once in a lifetime” welcome offer applies to the Business Platinum Card. You won’t qualify for the bonus offer if you have already earned it for this card. Also, American Express states they may consider your previous Amex card history and other factors to determine your welcome offer eligibility.
These terms don’t affect your approval odds, but you should make your best effort to apply if you qualify for the bonus offer.
Get Another Card First?
If you have a limited card history, a credit score below 740, or both, you might consider getting another American Express card first.
This is only one of the best American Express business cards. If you have another Amex business card first, it can let you prequalify for the Business Platinum Card.
For example, The Blue Business® Plus Credit Card from American Express has a $0 annual fee (See Rates & Fees) and earns 2x Membership Rewards® points on the first $50,000 spent annually on everyday business purchases (then 1x points).
Similarly, The American Express Blue Business Cash™ Card earns 2% cash back on all eligible purchases of up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement. It also has a $0 annual fee (See Rates & Fees). Learn more about the Amex Blue Business cards.
As a current American Express cardholder, it’s possible that Amex will do a soft credit pull. This is a penalty-free way to see if you qualify for the Business Platinum Card.
Amex Business Platinum Benefits
Are you still unsure if you’re a good candidate for the Amex Business Platinum?
Below are some of this card’s key benefits.
New The Business Platinum Card® from American Express cardholders have the opportunity to earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with their Card within the first 3 months of Card Membership.
Earn Up To 5x Points on Each Purchase
You get unlimited 5x points per $1 on flights and prepaid hotels booked on AmexTravel.com.
Earn 1x points for each dollar spent on eligible purchases.
Cardholders earn 1.5x points (that’s an extra half point per dollar) on eligible purchases at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
This card is one of the quickest ways to earn bonus points when booking flights.
35% Airline Redemption Bonus
Every point you redeem on AmexTravel for award flights is effectively worth 1.35 cents each. Every point is worth 1 cent each when booking the flight. You then get 35% of those points back for a second redemption, up to 500,000 points per year.
This bonus applies to any flight on the airline of your choice plus any business or first-class flight regardless of the airline.
1:1 Point Transfers
As is the case with some of the best Chase credit cards, the 1:1 point transfers are a better option when you can get more than 1.35 cents value from each point. This can be easy to do if you save your points for premium cabin flights.
Some of the best transfer partners include Emirates, Singapore Airlines, and British Airways. For domestic award flights, Delta is a leading 1:1 transfer partner.
Airport Lounge Access
With complimentary access to more than 1,400 airport lounges across 140 countries and counting, with The American Express Global Lounge Collection®. You have more airport lounge options than any other credit card issuer on the market as of 03/2023. Enrollment is required for some lounges.
$200 Airline Fee Credit
Plus, get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
Upgraded Hotel Elite Status
You also get automatic Hilton Honors Gold status and Marriot Bonvoy Gold Elite status. These membership levels let you enjoy free on-property internet, get free breakfast, and earn more hotel points on paid stays.
Small Business Credits
Additionally, unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
Related: Best Credit Cards for Startups
Cardholders also get a fee credit for Global Entry or TSA PreCheck.
Cardholders can get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when they use their Business Platinum Card®.
Summary of How Hard It Is To Get the Amex Business Platinum
It’s not hard to get the Business Platinum Card from American Express if you have a 740 credit score and a history of earning business income. This card can be most beneficial if you’re a business traveler who will use the travel benefits often. Otherwise, consider one of the other best American Express business cards if you want to learn more or compare the other options available.
- Who Wins? Amex Business Gold vs Amex Business Platinum
- Do You Qualify for the American Express Platinum Bonus Offer?
- Best Small Business Credit Cards for Travel Rewards
And For rates and fees of The Blue Business® Plus Credit Card from American Express, please click here.
For rates and fees of The American Express Blue Business Cash™ Card, please click here.
Rates and fees of The Business Platinum Card® from American Express, please click here.