American Express Platinum Business Card
Apply by 25 June 2024

American Express Platinum Business Card

Balance transfer

N/A

Purchase rate

N/A

Annual fee

$1,750.00 p.a. ongoing

Highlights

  • Obtain 350,000 bonus Membership Rewards points by applying before 25 June 2024, getting approved, and spending $12,000 on your card within the initial 3 months. Exclusive to New American Express Card Members.
  • Earn up to 2.25 pts per $1 spent.
  • Enjoy exclusive Platinum travel, experience, and dining privileges.

Pros and cons

Pros

  • The offer of 350,000 bonus Membership Rewards points when you meet the criteria.
  • Earn up to 2.25 pts per $1 spent and 1 point per $1 spent at the ATO.
  • Access to more than 1,400 lounges globally, including The Centurion® Lounge.
  • Gold status match at Marriott Bonvoy, Hilton Honors, and Premium status at Radisson Hotel Group.
  • Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.

Cons

  • The annual fee of $1,750 p.a.
  • Since this is a charge card, the balance must be cleared every statement.
  • No balance transfer facility.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
American Express
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
N/A
Minimum Age
18 years
Minimum Credit Rating
Fair, Good, Very Good, Excellent
Minimum Income
$75,000.00
Temporary Residents Accepted
No

Additional cardholders

Additional Cardholders
99
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
N/A
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
100%

Balance transfers

Balance transfer offer

Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
N/A
Cash Advance Fee
N/A
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
N/A

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$1,750.00
Dishonour Fee
$30.00
Duplicate Statement Fee
$7.00
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$20.00

Rewards

Rewards program basics

Rewards Program
Membership Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
2.25
Government Rewards Points Earn Rate
1
Overseas Rewards Points Earn Rate
2.25

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
N/A
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
Yes
Cardholder's Personal Item Theft Cover
Yes
Cardholder's Price Protection Insurance
N/A
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
Yes
Cardholder's Transport Accident Insurance
Yes

Travel and lifestyle

Airport Lounge Access Included
Yes
Concierge Service Included
N/A
Complimentary Flight Voucher Included
N/A
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. You can add 99 additional cardholders to your account for employees. The account holder will be responsible for keeping the account in good standing.
  • Digital wallets. You can use this card with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. This card cannot be used for gambling transactions.

Rewards and benefits

  • Complimentary travel insurance. This card comes with complimentary international travel insurance. The cover is offered for cardholders' personal and business-related trips. The definition of personal trips covers business trips taken on a short-term basis and will be subject to medical and terrorist exclusions. To activate the insurance, the cardholder must have used the card to pay for the travel expenses. Cover includes travel emergency medical insurance, rental vehicle loss damage waiver cover up to $125,000, personal third-party liability covers up to $3,000,000, and travel cancellation covers up to $30,000.
  • Concierge services. The American Express Platinum Business Card does not offer Concierge service.
  • Hotel status. Get gold status with Marriott Bonvoy, Hilton Honors, and Premium status at Radisson Hotel Group. The benefits of being gold vary between hotels, but typically you can expect early check-in / late check-out, complimentary breakfast, and room upgrades (if possible).
  • Lounge access. Cardholders have access to more than 1,400 lounges globally, including access to The Centurion® Lounge, The Centurion Lounge, Priority Pass Lounges, and Virgin Australia domestic lounges when flying Virgin Australia.
  • Rewards points. Use the American Express Platinum Business Card to earn 2.25 Membership Rewards points per $1 spent on eligible transactions. Cash advances do not earn rewards points. ATO and other government spend also earn points, but at the reduced rate of 1 point per $1 spent.
  • Sign-up bonus. Receive 350,000 bonus Membership Rewards points when you apply by 25 June 2024, are approved, and spend $12,000 on your card within the first 3 months. New American Express Card Members only.

Rates and fees

  • Annual fee. The annual fee on this card is $1,750 p.a.
  • Balance transfers. There is no balance transfer offer on this card at this time.
  • Foreign exchange fee. All purchases made in a foreign currency will encounter a 3% foreign transaction fee.
  • Interest-free period. Extend your cash flow by up to 55 days interest-free.
  • Purchases. This is a charge card with no preset limit, meaning there is no interest in purchases. The balance must be cleared every statement and cannot be carried over.

account

Reviewed by Credit Card Compare Staff

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

Very good reward scheme when I can use it

Reviewed by Charles Wells


Love my platinum AmEx

Reviewed by Mary


Very satisfied with the card

Reviewed by Abhijit


Very pleased

Reviewed by Shahin


Great for travelling

Reviewed by Joe


Unmatched level of service

Reviewed by Raymond


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