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The Business Platinum Card® from American Express is offering 120,000 bonus Membership Rewards points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership. We value these 120k points at around $2,400 in value.
If you are looking to get rewarded for every day or standard business charges or you don’t travel all that much, then this card won’t be a good fit.
The Business Platinum Card from American Express is a premium credit card with a premium annual fee of $595 ($695 if the application is received on or after 01/13/2022). See Rates & Fees, Terms Apply. With such a steep annual fee, the luxury travel benefits have to hold high value for you personally and you’ll have to use them often.
*Read about the offer for the personal consumer version of The Platinum Card® from American Express here.
INK BUSINESS PREFERRED® CREDIT CARD
The Ink Business Preferred® Credit Card from Chase has a new cardmember offer for 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after opening.
These bonus points are worth $1,250 towards travel when you redeem through Chase Ultimate Rewards. Or, transfer points over to Ultimate Rewards travel partners to potentially get even more value – up to an average $2,000 for 100k points. Read more about this here.
This card earns 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year. You’ll earn unlimited 1 Point Per $1 spent on all other purchases.
The Ink Business Preferred® Credit Card earns Ultimate Rewards points. This makes it a great choice for pairing with the non-business Chase Sapphire Preferred® Card or Chase Sapphire Reserve®. You’ll be able to pool points together for faster rewards.
This card has a $95 annual fee.
120,000 Membership Rewards Points Offer
You’ll have to spend a hefty amount to earn the full bonus amount with The Business Platinum Card from American Express. Earn 120,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership.
Compare this offer to other top credit card bonuses here.
Here are some ideas to help meet the spending requirement for the bonus.
What Are Membership Rewards Points Worth?
Membership Rewards points are worth an average of $0.02 based on our valuations. This high valuation is mainly due to the potential to get great value with Membership Rewards travel partners. So, 120k Membership Rewards points could be worth up to $2,400 in value.
Taking the time to search through different scenarios with various travel partners will be the most rewarding way to use your points.
Choosing the simpler redemption option of booking travel through Amex will still get you 1 cent per point in value (e.g. 120k points = $1200).
Bottom Line
The biggest concern about The Business Platinum Card from American Express is the annual fee. At $595 ($695 if the application is received on or after 01/13/2022), is it really worth it?
With a respectable rewards bonus and a significant number of travel perks, the answer to that questions is different to each business. If you use the travel benefits heavily, then you can earn significantly more even with the annual fee taken into account.
If you do not frequently travel for business or your business expenses are not considered to be high enough to benefit from this card, it might not be the best choice. What it also comes down to is whether you’ll appreciate and make use of the premium benefits offered with The Business Platinum Card.
For simply saving money on all of your everyday purchases, other card options will be a better fit.
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Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.