Which Is Better: Personal AMEX Platinum or Business Platinum?

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Million Mile Secrets reader, Mark, commented:

Does the Pay With Points 50% rebate work with the The Enhanced Business Platinum® Card from American Express OPEN and The Platinum Card® from American Express?

Great question, Mark!

You’re only eligible to get 50% of your points back with the AMEX Business Platinum card.

But the personal version of the AMEX Platinum card has its own perk.  You can earn 5X AMEX Membership Rewards points on airfare purchased directly from airlines or from American Express Travel.

So, which card is better?  It depends!

AMEX Platinum Vs Business Platinum

The AMEX Business Platinum Card Is a Good Choice for Folks Looking to Book Flights With Points, Like JetBlue Mint Business Class. But the Personal AMEX Platinum Earns You More Points on Airfare Purchases!

I’ll explain the pros and cons of the AMEX Platinum (personal vs. small business).

AMEX Platinum Comparison – Personal Vs. Small Business

Just a couple months ago, AMEX introduced bonus categories to the Platinum cards.  Before, the personal and small business versions of the card were very similar.

Now that there are different bonus categories on the personal AMEX Platinum and Business Platinum, some folks are wondering which card is better.

The best AMEX Platinum card depends on your spending and travel habits.  But here’s a look at the pros and cons of each.

1.   AMEX Business Platinum Pros & Cons

Link:   The Enhanced Business Platinum® Card from American Express OPEN

Link:   My Review of the 100,000 AMEX Membership Rewards Points Offer

With the Business Platinum card, you can earn a huge sign-up bonus of up to 100,000 AMEX Membership Rewards points.  That can be worth $2,300 in airfare!

But to earn the maximum sign-up bonus, you’ll have to spend $15,000 in the first 3 months of account opening.

You’ll earn 50,000 AMEX Membership Rewards points after you spend $5,000 in the first 3 months of account opening.  And an extra 50,000 AMEX Membership Rewards points after you spend an additional $10,000 on qualifying purchases within the same timeframe.

Other exclusive perks of the Business Platinum card include:

AMEX Platinum Vs Business Platinum

You Can Save Money on In-Flight Wi-Fi Purchases by Using the AMEX Business Platinum Free Gogo Wi-Fi Passes on Eligible Airlines!

This small business version is good for folks who want to use AMEX Membership Rewards points to book flights without blackout dates using Pay With Points.

For example, I’ve written how you’ll pay the fewest number of points for JetBlue Mint Business Class airfare by using the Business Platinum Pay With Points perk.

Plus, if you have other AMEX Membership Rewards cards, you can combine your points to take advantage of the 50% points back benefit.

But keep in mind, you must have all of the AMEX Membership Rewards points in your account to book a flight through Pay With Points.  So a $1,000 ticket requires 100,000 AMEX Membership Rewards points in your account.  Then, you’ll get 50,000 points back.

Another advantage of the Business Platinum card is it does NOT show up on your personal credit report.  So it won’t count against you if you’re thinking of applying for a Chase card.

2.   AMEX Platinum (Personal) Pros & Cons

Link:   The Platinum Card® from American Express 

Link:   My Review of the AMEX Platinum (Personal)

With the personal version of the AMEX Platinum card, you can earn 40,000 AMEX Membership Rewards points after spending $3,000 within 3 months of account opening.

Look in your snail mail though!  Because some folks report getting targeted offers with higher sign-up bonuses.

The only exclusive perk of the personal version of the AMEX Platinum card is you can earn 5X AMEX Membership Rewards points on airfare purchased directly from airlines or from American Express Travel.

AMEX Platinum Vs Business Platinum

Pay for Airfare With Your Personal AMEX Platinum and You’ll Earn 5X AMEX Membership Rewards Points!

Compared to the Business Platinum, some cons of the personal version include:

Unless you’re targeted for a higher sign-up bonus, I don’t think the 5X bonus on airfare is reason enough to get the personal AMEX Platinum.

Because competitive personal cards like the Chase Sapphire Reserve get you a 3X bonus on airfare.  And it has a better sign-up bonus that’s publicly available!

3.   These Perks and Terms Are the Same on Both Cards

Regardless of which version of the AMEX Platinum card you have, you’ll always get these perks:

AMEX Platinum Vs Business Platinum

The Personal and Business AMEX Platinum Cards Both Have a Credit for TSA PreCheck. So You’ll Be Able to Speed Through Airport Security!

The annual fee on both cards is also the same.  You’ll pay $450, which is NOT waived the first year on either version.

But because you can earn the $200 airline incidental fee statement credit each calendar year, you are effectively paying only $50 ($450 annual fee – $400 total in statement credits) in the first year you have either of the cards.

Interested in Both AMEX Platinum Cards?

Link:   How Many AMEX Cards Can You Have at 1 Time?

Link:   What’s the Income Requirement for AMEX Business Cards?

If you already have one version of the AMEX Platinum card (like the personal AMEX Platinum), you can still apply for the other version.

But you’ll want to do the math to see if paying an additional $450 annual fee is worth the exclusive perks on the second card.

For example, I got the Business Platinum card in addition to a personal version of the Platinum card already in my wallet.  Because I think the 100,000 point sign-up bonus is worth $2,300+.

AMEX Platinum Vs Business Platinum

I’ll Get at Least $2,300 Worth of Paid Airfare Using the Pay With Points Perk on the Business Platinum!

So paying the second $450 annual fee makes sense to me!  And I got the $200 statement credit by purchasing Southwest gift cards.  So right away, the effective annual fee is $250.

Keep in mind AMEX no longer offers prorated annual fees.  You only have 30 days after the annual fee is charged to cancel or downgrade the card and get a credit.

And remember, American Express limits folks to one sign-up bonus per lifetime, per card.  So if you’ve had either of these cards before, you can’t earn the bonus again.

Bottom Line

The personal version of the AMEX Platinum and Business Platinum each have different exclusive perks.

With the personal version, you’ll earn 5X AMEX Membership Rewards points on airfare purchased directly from airlines or from American Express Travel.

The business version has more perks, like 50% of your points back using Pay With Points and a 1.5X bonus on purchases of $5,000+.

If you don’t have either card, the sign-up bonus on the Business Platinum is 100,000 AMEX Membership Rewards points, which is much bigger than the 40,000 point bonus on the personal version..  But you’ll have to meet a large minimum spending requirement to earn the full bonus.

You can get both cards.  But run the numbers to see if the extra perks are worth paying 2 annual fees!

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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12 responses to “Which Is Better: Personal AMEX Platinum or Business Platinum?

  1. I was surprised to see the Amex Business Platinum show up on my credit report when buying a house last month. So it does not effect 5/24 with Chase, but will show on some reports. I assume the credit report that was pulled by the mortgage lender somehow has a bit more information than others maybe. It was only flagged on my report because I had just applied for it. My business Chase card was also on the report, again surprised to see that listed.

  2. Which of the two cards offer the buy-1-get-1-“free” (the second person pays taxes and other fees) for an overseas business airfare on certain airlines booked through Platinum Travel Service?

    NOTE: While this can be an extremely valuable benefit, it’s common that you can buy two business class tickets on the same routing for less than the cost of the first ticket you must buy in order to get the second free. BUT, if someone else is paying/reimbursing for that first ticket, then it’s a great benefit. (Please don’t start an ethics discussion of this point; let’s keep this as a straight-up factual discussion.)


  3. Where did you determine that the business version offers trip cancellation and interruption insurance? I do not believe that is a benefit.

  4. Both the business and personal cards also include Gold status with Starwood (and therefore Marriott) as well.

  5. It seems to me that the Personal wins on the earning side (5x points on airfare is tremendous) while the Business wins on the redemption side (50% back on points when redeemed for airfare). I avoid paying cash for my own flights as much as possible, so the Business Platinum wins for me. They actually make a interesting combo if you can swing the combined actual fees, though I feel the Everyday Preferred + Biz Platinum is the killer MR combo.

  6. Regarding the business version. If you get additional users do they get any of the benefits. I ask because I have a business partner. Can we get one account and each get the benefits

    • There’s a $300 fee to add an additional Business Platinum card to the account. Additional users can enjoy most of the same perks like Global Entry statement credit, hotel elite status, and airport lounge access. But they will not be eligible for the $200 airline incidental statement credit.