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The Platinum Card® from American Express offers tremendous value that can make it worth the $550 annual fee.
The The Business Platinum® Card from American Express is a similarly valuable card, with many overlapping perks but a few key differences when it comes to annual perks and bonus points.
The Amex Platinum is generally a better option for individuals, thanks to benefits like annual statement credits with Uber and Saks Fifth Avenue.
The Business Platinum card is better suited to many small-business owners, as it offers statement credits with Dell. It also features a points rebate when you book eligible travel through Amex Travel.
See Business Insider’s list of the best rewards credit cards »

The Platinum Card® from American Express has a $550 annual fee — one of the highest among all personal credit cards — but if you travel frequently you can get enough value for it to be worthwhile. Over the past few years, Amex has added new benefits and perks to both the Amex Platinum and the Amex Business Platinum Card (with a $595 annual fee) to keep them competitive with other premium rewards cards.

While the personal and business versions used to have virtually identical benefits and terms (with a few exceptions), they’re no longer nearly identical. While they do have many overlapping benefits, there are some key differences. Keep reading to see how the Platinum Card and the Amex Business Platinum Card differ, and to decide if either is right for you.

Table of Contents Amex Platinum vs. Amex Business Platinum: The biggest differences

Platinum Card
Amex Business Platinum Card
Annual fee
$550
$595
Welcome bonus
60K points after spending $5,000 in the first three months of account opening
75K points after spending $15,000 im the first three months of account opening
Points-earning rates

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5x points on flights booked directly with the airline or Amex Travel

5x points on prepaid hotels booked through Amex Travel

1 point per dollar on everything else

5x points on flights and prepaid hotels booked through Amex Travel

1.5x points on purchases of $5,000 or more*

1 point per dollar on everything else

Annual airline fee credit
Up to $200
Up to $200
Airport lounge access
Yes
Yes
Global Entry/TSA PreCheck application fee credit
Yes
Yes
Other benefits

Up to $200 in annual Uber credits

Up to $100 in annual Saks credits

Gold elite status with Hilton and Marriott

35% Pay With Points rebate for booking flights through Amex

Up to $200 in annual Dell credits

Gold elite status with Hilton and Marriott

Limited-time COVID-19 statement credits

Up to $320 in statement credits for select streaming and wireless telephone services purchased directly from US service providers (through December 2020)

Up to $320 in statement credits for wireless telephone services purchased directly from US service providers and shipping purchases in the US (through December 2020)

Up to $200 in additional annual Dell credits

*Up to 1 million additional points per year

Welcome bonuses

Platinum Card: The personal Platinum Cardoffers new members 60,000 Membership Rewards points when they spend $5,000 in the first three months of card membership. Points can …read more

Source:: Business Insider

      

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