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Credit Card: The Platinum Business Credit Card

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Issued by American Express   Categories: Business
The Platinum Business Credit Card Overall Rating

Benefit Rating

The Platinum Business Credit Card, issued by American Express®, is an ideal card for business owners with good credit who prefer to manage all business-related expenses on one credit card and plan to carry a revolving balance.

The card has a reasonable interest rate for those who qualify, providing a low cost option for paying business expenses over time. The card also offers a 0% introductory rate for twelve months on purchases and a fixed 4.99% introductory rate for the life of the loan on balance transfers made during the application process or posted to the account within 45 days.

Those who are familiar with American Express® cards know that a variety of services and benefits are available to cardholders that include various purchase security features, up to $100,000 in travel accident insurance, and special discounts at participating merchants including AT&T®, FedEx®, 1-800-FLOWERS.COM®, and Hertz®. However, it is important to review the disclosures for participating merchant discounts, as restrictions and limitations do apply in order to take advantage of the discounts.

Cardholders are also granted access to the Membership Reward Options program for no additional annual fee. The program offers cardholders the opportunity to redeem accumulated points for various services and benefits. For those who are not familiar with the Membership Reward Options program, it is one of the most flexible credit card reward programs available as it has no yearly limit and no expiration applied to earned points.

Therefore, those who qualify for the lowest rate offered, are planning to carry a revolving balance (due to the low interest rate), and will be able to take advantage of the discounts and reward program offered may find The Platinum Business Credit Card beneficial.


Most Attractive Feature(s): Access to Membership Rewards Options program; special discounts at participating merchants; many benefits and additional perks; no annual fee.
Least Attractive Feature(s): Not all applicants may qualify for the lowest rate offered.

Additional Perks

Various Internet account related services.
Purchase protection.
Extended warranty for purchases.
Up to $100,000 in travel accident insurance.
Lost luggage insurance.
Auto rental insurance.
Emergency card replacement.
Access to OPEN: The Small Business Network services.
Discounts at FedEx®, Hertz®, AT&T, and other participating merchants.
See website for additional benefits.

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Rates & Fees
  • Introductory Rate: 0% APR for 12 Months
  • Introductory Rate Details: A 4.99% introductory rate is available on balance transfers for the life of the loan if a transfer is submitted during the application process or posted within 45 days. Introductory rate applies to purchases made using the card at physical locations.
  • Grace Period: 25 Days
  • Applied Towards: Purchases
  • APR (Purchases) %: 10.24
  • APR (Cash Advances) %: 22.24
  • Finance Configuration: Average Daily Balance (including new purchases)
  • Annual Fee: $0
  • Additional Cardholders: $0
  • Application Fee:
  • Minimum Credit Limit: n/a
  • Maximum Credit Limit: $50,000
  • Late Payment Fee: $19 if balance is less than $400; $38 if balance is $400 or more
  • Over-The-Limit Fee: $35
  • Cash Advance Fee: 3%, $5 minimum for Express Cash transactions
  • Balance Transfer Fee: There is no balance transfer fee associated with this offer. However, future balance transfers may incur a fee as disclosed at the time of the applicable transaction.
  • Important Notations: Card is currently unavailable to residents of Puerto Rico.
    The APR for purchases varies according to the applicant's credit history and will be 2.99%, 4.99%, 6.99% or 9.99% + Prime Rate.
    See website for complete terms and conditions of card usage and application disclosure.
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* See the online credit card applications for details about Terms and Conditions of offer.

Note: The credit card information is believed to be accurate during the update. However, all information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions Statement that accompanies the credit card application. When you click on the " Apply " button you can review the credit card Terms and Conditions on the credit card issuer's web site.

Featured Credit Cards

American Express® Preferred Rewards Gold Card
Apply for Credit Card
  • No Annual Fee for the First Year - $125 Thereafter
  • Earn 10,000 Membership Rewards® Bonus Points After Your First Purchase with the Card - Redeemable for a $100 Gift Card
  • No Pre-Set Spending Limit
  • The Membership Rewards Program® - Earn 1 Membership Rewards® Point for Virtually Every Dollar You Spend. You can Redeem Points for Your Choice of Truly Exceptional Travel, Shopping, and Entertainment Rewards
  • Gold Card Events - Exclusive Access to Tickets for Select Concerts, Shows, Major Sporting Events, and More in Cities Nationwide
  • Global Assist® Plus Hotline and Many More Benefits Included
  • Express Approval. Get a Decision in Less than 60 Seconds
APR (Purch) % APR (Cach) % Annual Fee Intro APR
n/app Not Available $125** No Introductory Rate Available



American Express® Preferred Rewards Green Card
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  • No Annual Fee for the First Year - $95 Thereafter
  • Earn 5,000 Membership Rewards® Bonus Points After Your First Purchase With the Card -- Redeemable for a $50 Gift Card
  • The Membership Rewards® Program also Lets You Transfer Points to 11 Frequent Flyer Programs: 1 Point = 1 Frequent Flyer Mile or Frequent Guest Credit for Most Programs
  • Purchase Protection Plan Protects Eligible Purchases Made with the Card Against Accidental Damage and Theft for up to 90 Days from the Date of Purchase
  • Many Other Travel and Shopping Benefits
  • No Pre-Set Spending Limit
  • Express Approval. Get a Decision in Less than 60 Seconds
APR (Purch) % APR (Cach) % Annual Fee Intro APR
$95** No Introductory Rate Available



Continental Finance MasterCard®
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  • Get Your Application Results in Seconds
  • Monthly Reporting to the Major Credit Bureaus
  • Free Online Access
  • Excellent Online Tools for Managing Your Finances
  • Semi-Annual Credit Limit Increases
  • No Minimum Monthly Income Requirements*
  • Unsecured MasterCard Accepted at Millions of Locations Worldwide
APR (Purch) % APR (Cach) % Annual Fee Intro APR
19.92 19.92 $50 No Introductory Rate Available



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