American Express Platinum Business Card – Rates & Fees

Information verified correct on August 27th, 2016
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Cater your credit card to suit your business. Enjoy 100,000 bonus points on sign-up, exclusive travel perks and interest-free days with the American Express Platinum Business Card.

The American Express Platinum Business Card is more than a charge card. It’s the card that gives back with rewards that can be used towards their frequent flyer program. For a limited time a 100,000 bonus points offer – more details below.

Your business class ticket will get you first class service with access to over 600 domestic and international airport lounges around the world. Wait for your connecting flight in comfort inside of a Delta SkyLounge. Virgin Lounge Access is also included with the purchase of a Virgin Australia ticket.

Product NameAmerican Express Platinum Business Card
Rewards ProgramMembership Rewards Premium Ascent
Offer end date31 August 2016
Annual fee$1,500 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 51 days on purchases
Minimum Monthly Repayment100%
Minimum Income$75,000
Card TypeAmerican Express
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Annual Fee$1,500 p.a.
Minimum Repayment100%
Over Limit Fee$0
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders99
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Pros
  • You can receive 100,000 bonus points when you apply by 31 August 2016, are approved and meet the required spend.
  • This card does not come with a pre-set spending limit. This makes the American Express Platinum Business Card an idea tool for managing your businesses cash flow when you need quick access to funds.
  • Successful applicants will receive access to Starwood Gold Preferred Guest Membership offering access and upgrades to the finest hotels in the world.
  • Cardholders receive a complimentary subscription to BRW and Weekend Financial Review.
Cons
  • Platinum American Express Cards are not for all, but at $1,500 p.a. for the right to use this card you must be sure it's the right card for your business.
  • This also goes hand in hand with the $75,000 minimum income requirement.
Rewards ProgramMembership Rewards Premium Ascent
Bonus Points on Sign-up100,000
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) Cap375,000
Points ExpiryNever

The American Express Platinum Business Card review

The American Express Platinum Business Card is designed with the travelling business executive in mind. The flying perks are endless, including Platinum Travel which gives you access to a team of travel experts who can attend to your business needs around-the-clock, any day of the week.

If travelling is not an important part of your business, consider the Classic American Express Business Card. They have Points for Credit which can be applied to the balance on your card or used to pay off individual transactions from your monthly statement.

Benefits of the American Express Platinum Business Card

  • 100,000 bonus points offer. New and approved cardholders who apply before 31 August 2016 will receive 100,000 bonus points when they spend $1,000 in the first 2 months of card activation. This is enough for 4 return flights from Sydney to Melbourne. Cardholders who currently hold or have previously held an American Express card in the preceding 12-month period are ineligible for this bonus points offer.
  • Travel accident insurance. When the entire fare has been charged to this card, American Express will provide up to $400,000 in accidental death and dismemberment coverage.
  • Travel inconvenience coverage. You are covered for delayed flights, lost luggage and missed connections.
  • Platinum travel insurance. You don’t need to use your card to get these insurance incentives. Just being a platinum business cardholder is enough (does not include the holder of a supplementary American Express Platinum Business Card or a Spouse or Dependent Child).
  • Monthly business expenses insurance. A maximum of $12,000 in the event that you are temporarily unable to attend to your business.
  • Purchase and refund protection. There are perks for frequent buyers as well, such as purchase and refund protection that covers the cost of goods bought with your AMEX card for up to 90 days after your purchase.
  • Apple Pay. Enjoy an easier and safer way to make payments. Using a compatible device, you can use Apple Pay to checkout in stores or within participating apps. Learn more here.
  • Samsung Pay. With the Samsung Pay application, you can easily make contactless payments using your qualifying device and also receive $15 credit back on your account when you meet the required spend. Learn more here.

American Express Platinum Business Card features

  • Earn membership rewards points.  For every dollar spent in Australian restaurants, airlines and accommodation you can earn 2 membership rewards points. For all other purchases you still get 1 membership reward point per dollar spent except for utilities, (except those issued by American Express) and government bodies where you earn 0.5 membership rewards points per dollar spent.
  • Interest-free period. You’ll receive 51 credit-free days on purchases made on the platinum business card.
  • Spending limit. The American Express Business Platinum Business Card has no pre-set spending limit. The use of your card, payment history and credit record will all determine your adjustable purchasing power.
  • Annual fee. The fee for the privilege of an American Express Platinum Business Card is $1,500, but with that you get no pre-set spending limit. Plus it comes with airport club access and concierge service.
  • Minimum monthly repayments. The charges made on this American Express card are to be paid in full monthly.
  • Additional cards. Additional cards may be obtained, provided that the users are notified that American Express may obtain, provide and use information about them and that by using the account they are subject to the same provisions in the card member agreement as you are.
  • Late payment fee. A late payment fee of will be charged if the payments made are past the credit-free days.
  • Platinum travel. All of your business requests are handled by a team of experts while you focus on the job at hand.

How to apply for the American Express Platinum Business Card

If the American Express Platinum Business Card is what your company needs to fulfill its credit needs, complete an online application to start the process.

In order to be considered as a candidate for the American Express Platinum Business Card, you must meet the following eligibility requirements:

Eligibility criteria

  • You must be at least 18 years of age
  • This offer is exclusive to permanent residents or citizens of Australia
  • You need to have a personal, pre-tax annual income of $75,000 or more

Required documents

  • You’ll need proof of your current employment along with contact information for your employer
  • Details of your monthly income and expenditures
  • Proof of your residency and phone number

When it comes to covering your business expenses, American Express can cover it all. Compare the features of this card with other platinum cards to determine if the high annual fee will be worth it for your business.

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4 Responses to American Express Platinum Business Card – Rates & Fees

  1. Default Gravatar
    Dan | March 24, 2016

    I’d like to apply for the Amex Platinum Business Card (i.e. the charge card), which attracts an offer of bonus points at enrollment. However, there is statement in the promo material that says – “Cardholders who currently hold or have previously held an American Express card in the preceding 12-month period are ineligible for the bonus points offer.” Does this mean that those who currently hold a Platinum Business Card (or have held one in the previous 12 months) are not eligible, or does this mean that those who hold ANY Amex card (or have held one in the previous 12 months), are ineligible?

    • Staff
      Debbie | March 24, 2016

      Hi Dan,

      Thanks for your inquiry.

      Cardholders who previously held any American Express card within the previous 12 months are ineligible for the bonus offer.

      To compare other options, you can check our rewards credit card comparison page.

      I hope this helps.

      Cheers,
      Debbie

  2. Default Gravatar
    Micheal | March 27, 2012

    how much the maximum of the card limit

    • Staff
      Jeremy | April 23, 2012

      Hi,

      Thanks for the question. You will be assigned a credit limit based on your financial situation determined at the time of the application. Cheers.

      Jeremy

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