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Amex Platinum vs. Amex Business Platinum

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Published on January 24, 2025 | 3 min read

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Brothers91/ Getty Images; Illustration by Austin Courregé/Bankrate

Key takeaways

  • Both The Platinum Card® from American Express and The Business Platinum Card® from American Express are top-tier credit card options with premium benefits (and high annual fees to match).
  • The Amex Platinum Card may be a better choice for users who appreciate travel-related perks but also want to take advantage of the card’s consumer spending credits.
  • Business owners will want to check out the Business Platinum Card’s higher bonus rate for business-related purchases and its business-oriented spending credits.
  • Before choosing either card, analyze your spending habits to ensure the value you’ll get from the card surpasses its annual fee.

If you’re a fan of American Express credit cards and in the market for a new one, there’s no doubt you’ve considered some of the issuer’s top, premium-level cards: The Platinum Card® from American Express and The Business Platinum Card® from American Express.

Even though the business version of the Amex Platinum has some of the same card benefits as the consumer version, there are still major differences between the two. These differences could mean that one card is better than the other, depending on your specific needs and spending habits. 

Here’s what we found in the battle of the Amex Platinum versus the Amex Business Platinum.

Main details

Card The Platinum Card from American Express The Business Platinum Card from American Express
Welcome bonus
  • 80,000 points after you spend $8,000 in the first 6 months of account opening
  • 150,000 points after you spend $20,000 on eligible purchases in the first 3 months of account opening
Rewards rate
  • 5X points on flights booked directly with airlines and American Express Travel (on up to $500,000 per year; terms apply)
  • 5X points on prepaid hotels booked through American Express Travel
  • 2X points on prepaid car rentals through American Express Travel
  • 1X points on all other purchases
  • 5X points on flights and prepaid hotels booked through American Express Travel
  • 2X points on prepaid rental cars booked through American Express Travel
  • 1.5X points on eligible purchases of $5,000 or more, as well as eligible purchases in key business categories (U.S. construction and hardware suppliers, electronic goods and associated retailers, software and cloud service providers and shipping providers; up to $2 million per calendar year combined)
  • 1X points on all other purchases
Annual fee
  • $695
  • $695

The Platinum Card from American Express vs. The Business Platinum Card from American Express highlights

Because both cards are from the same issuer, they have much in common regarding card perks and benefits. However, there are some differences to note when deciding which card you should get.

The Platinum Card® from American Express image

The Platinum Card® from American Express

Learn More in our Bankrate review
The Business Platinum Card® from American Express image

The Business Platinum Card® from American Express

Learn More in our Bankrate review

Tie

Tie

It depends

Which card earns the most?

If you’re an entrepreneur who puts large business purchases on your credit card, you could stand to earn slightly more in rewards with the Amex Business Platinum. Although it might be challenging to reach the $500,000 annual cap on flights with the Amex Platinum, there’s no cap on flights or prepaid hotels with the Business Platinum.

Spending example

For example, if you’re a business owner and hold the Amex Business Platinum, you could earn 1.5X points instead of 1X points on key business purchases and purchases of $5,000 or more (on up to $2 million spent per year). So, if you spend $100,000 per year in eligible 1.5X categories, you’ll earn 150,000 points (a value of up to $3,000). If you were to spend that same amount on the Amex Platinum, you’d earn only 100,000 points (a value of up to $2,000).

Why should you get the Amex Platinum?

Why should you get the Amex Business Platinum?

Business perks of Amex Business Platinum

Although it is possible to use a personal card for business expenses, the Business Platinum card gives business owners several advantages over the consumer version. Here are a few business-specific perks that business owners will find on the Amex Business Platinum vs. the Amex Platinum:

  • Ability to request employee cards and set spending limits (annual fees apply)
  • Assign an account manager to set employee spending limits and track employee spending
  • Can automatically send card expenditures to a connected Quickbooks account
  • Receive a detailed year-end summary of your expenses
  • Online statements allow you to see your purchase history, budget for expenses and prepare reports
  • Set account alerts to monitor employee card usage
  • Enroll card with Vendor Pay by Bill.com and receive complimentary access to the Basic plan for the first user (additional users subject to fees after first six months)

The bottom line

Both The Platinum Card from American Express and The Business Platinum Card from American Express offer a generous welcome bonus and similar benefits for travel-related spending. The main difference comes down to the cards’ rewards structures and credits.

The card you should get will primarily depend on whether you’ll be using this card for personal or business spending. To find the best rewards card for you, first analyze your spending patterns. Then, choose the card that helps you earn the most rewards based on your normal spending categories. And don’t neglect looking into other top business cards and travel rewards cards to determine whether there’s an option outside the Amex Platinum universe that best suits you.

Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

Up next

Part of Introduction to the American Express Business Platinum Credit Card