Business Platinum CardIf you’ve been thinking about getting a charge card for your business, now is the time because The Business Platinum Card from American Express OPEN (a NextAdvisor advertiser) just added a spectacular limited-time bonus offer worth up to 100,000 Membership Rewards points! Here’s how you get it: first, spend $10,000 within the first 3 months of owning your card and you’ll get 50,000 bonus points. Then, spend an additional $15,000 within the same 3-month period and you’ll get an added 50,000 bonus points — that totals out to a whopping 100,000 bonus points in 3 months! This offer ends Aug. 8, 2018, so you won’t want to put it off too long if you’re trying to decide whether or not to apply for the card. Spending $25,000 in 3 months may seem like a lot, but if you use the card for all of your business expenses, it’s definitely achievable for businesses of a certain size. In addition to this spectacular intro bonus, this card offers a plethora of other fantastic perks for business owners that you won’t want to miss, so we’re detailing them all here to help you figure out if it’s the card for you.

Travel pays off with the Business Platinum Card

The Business Platinum Card from American Express OPEN
  • Limited-time offer: Earn 50,000 points after spending $10,000 in the first 3 months, then get an additional 50,000 points after spending $15,000 in the same 3-month period — that’s a 100,000-point opportunity! This offer ends Aug. 8, 2018.
  • Earn 5X points on flights and prepaid hotels on amextravel.com
  • Earn 1.5 points per $1 on each eligible purchase of $5,000 or more (up to 1 million additional points per calendar year).
  • Earn 1 point per $1 spent on all other purchases.
  • Get a 35% point bonus when you use points for all or part of a flight with selected qualifying airlines (up to 500,000 bonus points per calendar year).
  • Receive 35% points back on all first and business class flights, with all airlines available through American Express Travel.
  • Enjoy access to the American Express Global Lounge Collection, which includes 1,100+ airport lounges in over 500 airports around the world.
  • Get a $200 in credit every year to cover airline fees (e.g., baggage fees).
  • Enjoy complimentary, unlimited Wi-Fi access on up to 4 devices at more than 1 million hotspots worldwide.
  • Receive a statement credit every 4 years to cover the cost of a Global Entry or TSA Precheck application.
  • There’s a $450 annual fee.

You might be wondering what else is in store to make this worth it for your business. If you find yourself or your employees traveling often, there are plenty of travel-related perks associated with the Business Platinum Card from American Express OPEN that will really rack up the points. To start, you’ll get 5X points on flights and prepaid hotels booked through amextravel.com — this means if you book all your business travel through amextravel.com, you’ll really rack up the rewards. Next, you’ll automatically earn 1.5 points per $1 spent on each single eligible purchase transaction of $5,000 or more (up to 1 million extra points per calendar year). For example, if you make a purchase of $5,000, you’ll earn an extra 2,500 points. All other purchases you make under that amount earn 1 point per $1. Finally, you can get a 35% airline bonus (up to 500,000 points per calendar year) when you pay for all or part of a flight from select airlines using your Membership Rewards points, as well as 35% points back on all first class and business class flights purchased from any airline through American Express Travel.

The Business Platinum Card from American Express OPEN also offers cardholders access to the American Express Global Lounge Collection, which includes 1,100+ airport lounges in over 500 airports around the world, up to $200 in credit every year to cover airline fees (e.g., baggage fees), a statement credit every 4 years to cover the cost of a Global Entry or TSA Precheck application and complimentary, unlimited Wi-Fi access on up to 4 devices at more than 1 million hotspots worldwide. What’s more, this card doesn’t charge any foreign transaction fees, so you can take it with you on your international business trips. Your earned points can be used for travel, as noted above, entertainment, dining, merchandise or shopping on Amazon.com, with a minimum redemption rate of 5,000 points. It should be noted that points hold a value of $0.005 to $0.01 per point, depending on the redemption option you choose.

Cardholders can also take advantage of Platinum travel counselors, who specialize in providing custom itineraries and tailored recommendations to help you make the most of your travels. Rounding out the Business Platinum Card from American Express OPEN are some perks that business owners of all types will love — such as extended warranty and purchase protection to ensure you get the most out of your business purchases, employee cards with set spending limits, baggage insurance and roadside assistance and so much more.

What about the annual fee?

The primary concern many might have about this card is the hefty annual fee of $450/year. You might balk at paying that, however, if you think about how much earning potential this card offers along with the other travel perks, the card can easily pay for itself many times over — the Global Entry or TSA Precheck statement credit, $200 airline fees and access to the American Express Global Lounge Collection easily cover the annual fee. That said, if you don’t travel much, then this is likely not the card for you. Be aware that employee cards may have annual fees, depending on how you select the employee card, but if there are annual fees, they are discounted.

It’s also important to note that the Business Platinum Card from American Express OPEN is not a traditional credit card, it’s a charge card. That means you must pay your statement in full every month or face a penalty. Learn more about what charge cards can offer business owners by reading our blog post on the topic.

Should you apply for the Business Platinum Card from American Express OPEN?

Like we said, if you travel for business a lot, the Business Platinum Card from American Express OPEN is definitely a card worth considering. On the other hand, if your spending tends to be focused elsewhere or you’re not sure a charge card is right for your business, you’ll want to check out our reviews of the best business credit cards to find a card that earns rewards more in line with your needs.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.