American Express Platinum Business Card

Card features
balance transfer
purchase rate
annual fee
American Express Platinum Business Card
Apply by 04 feb 19
7 reviews
American Express Platinum Business Card
Receive 120,000 points when you apply before 4th Feb 2019, are approved and spend $5,000 within your first 2 months of Card Membership. (Conditions Apply)
Earn up to 2 Membership Rewards points per $1 spent.
Platinum benefits including a metal card right out of the envelope.
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Pros & cons

What's good?

What's not so good?

Receive 120,000 points when you apply before 4th Feb 2019, are approved and spend $5,000 within your first 2 months of Card Membership. (Conditions Apply)
Complimentary access for you and a guest to over 1,200 lounges across 130 countries. (Conditions Apply)
Platinum benefits including a metal card right out of the envelope.
Earn up to 2 Membership Rewards points for every $1 spent until 14 April 2019, after which you will earn up to 2.25 points.
From 15 April 2019, you will earn 2.25 points for every $1 spent, except government where you will earn 1 point for every $1 spent.
Platinum Business Concierge gives you 24/7 access to premium services.
Platinum’s by invitation only program gives you access to exceptional events and experiences that are not open to the general public.
Fine Dining privileges offer you assistance in securing your reservations at world-class restaurants around the globe.
Complimentary Platinum Travel Insurances.
Large $1,750 p.a. annual fee.
Points earning threshold of 375,000 points after which the earn rate drops to a maximum of 1 point per $1 spent.

Point redemption rates will change as of 15 April 2019. Please go to for more details.

User reviews

4.6 out of 5.0 based on 7 reviews100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Unmatched level of service

Reviewed and recommended by Raymond on 09 May 2017

The advantage of American Express is, if you have an issue with a purchase they take it off your account and they deal with it. The other banks don’t give this service. I never have to take breath to see if a charge goes through. It always works. Thank you AmEx.

Rewards heavily geared towards travel

Reviewed and recommended by Quang on 20 Sep 2016

The Platinum Business Card’s rewards are heavily geared towards travel, so if you don’t travel a lot for work, you’ll want to look at other cards.

This business card is also difficult to get. Companies must have excellent credit and a clear, well-established credit history. However, if your business meets the requirements and involves extensive travel, then the Platinum Business Card may be an option.

Great for travelling

Reviewed and recommended by Joe on 16 Sep 2016

The card provides the best points that can be used for travel, and It provides good travel Insurance. It is recognised all over the world.

The annual fee is expensive, however.

If the card deteriorates and needs to be replaced before the scheduled renewal, a new card with a different number will be issued. This is a hassle because all scheduled payments have to be changed.

Very pleased

Reviewed and recommended by Shahin on 04 Jul 2016

I like this card because it is very easy to use. It has a low interest rate and I receive my statement in due time. The card also reminds me when I am due for payment. It has a good and easy reward program. I can easily increase my daily limit if I need to.

Very satisfied with the card

Reviewed and recommended by Abhijit on 04 Sep 2014

The card has lots of cashback offers for household appliances. You can get rewards points if you spend a specific amount in the 1st transaction. Many online offers in the US but very less offers in the Asia Pacific region. Wish we had more offers in the Asia Pacific region

Love my platinum AmEx

Reviewed and recommended by Mary on 31 Mar 2014

I have had a Gold AmEx for 20 years which is great and last year added a Platinum which I use more. I enjoy it and use it for most business and personal expenses and the only downfall is that I cannot use in Aldi and some restaurants and retail outlets.

Very good reward scheme when I can use it

Reviewed and recommended by Charles Wells on 27 Oct 2013

The card has an excellent reward scheme, but it is frustrating that so many organisations do not offer its use, or put a heavy surcharge on its use. The statements are clear and provide separate purchases for each card holder attached to your account which is good. The website is easy to use, and comprehensive in its coverage.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
American Express
Card use
Credit rating
No bad credit history
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Membership Rewards Ascent
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Rates & fees

Ongoing interest rates

Cash advances N/A N/A
Purchases N/A N/A


Annual fee
$1,750 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Rewards program basics

First purchase bonus
120,000 points
Reward points expiry
No expiry as long as you keep your account active
Rewards program
Membership Rewards Ascent
Spend required for bonus points
$5,000 in 2 months

Earning points with this card

Frequent flyer points
2 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
0.5 pts per $1 spent
Reward points
2 pts per $1 spent

Additional benefits

Airport lounge access
Yes, 2 passes per year
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $75,000 per year
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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