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$400 in easy-to-use credits make the AMEX Business Platinum annual fee worth it for many

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$400 in easy-to-use credits make the AMEX Business Platinum annual fee worth it for many

Meghan Hunter$400 in easy-to-use credits make the AMEX Business Platinum annual fee worth it for manyMillion Mile Secrets Team

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INSIDER SECRET:  When you take advantage of the Pay With Points feature on The Business Platinum® Card from American Express, you’ll get a 35% points rebate on eligible flights (up to 500,000 points back per year) and you’ll still earn frequent flyer miles on your free flight.

Through December 4, 2019, The Business Platinum® Card from American Express is offering up to a 100,000 AMEX Membership Rewards points welcome bonus after you meet tiered minimum spending requirements.

The AMEX Business Platinum annual fee is $595 and it is not waived for the first year (see rates and fees). But it is easy to offset the annual fee from the welcome bonus, perks, and benefits. Everyone will find different value from the benefits of this card, so let’s look at each one to see if this card is worth it for you.

Earning 5x AMEX points on hotels booked through the AMEX travel site can make the AMEX Business Platinum annual fee worth it. (Photo courtesy of NicoElNino/Shutterstock)

The ongoing bnefits can make the AMEX Business Platinum annual fee worth it

The AMEX Business Platinum card offers the following welcome bonus when you meet the tiered minimum spending requirements:

  • 50,000 AMEX Membership Rewards points after you spend $10,000 on purchases in the first three months of account opening
  • 50,000 AMEX Membership Rewards points after you spend an additional $15,000 on qualifying purchases within the same time frame

The card also comes with perks like:

  • 1.5X AMEX Membership Rewards points on single purchases of $5,000+
  • 5X AMEX Membership Rewards points when you book airfare and hotels through the AMEX travel portal
  • 35% of your points back for ALL First Class or Business Class flights booked through the AMEX travel portal using Pay With Points
  • 35% of your points back for all flights, including coach tickets, booked with your selected airline through the AMEX travel portal using Pay With Points
  • Up to $200 in statement credits per calendar year for airline incidentals with your selected airline (luggage fees, in-flight food and drink, etc.)
  • Ability to book hotel stays through AMEX Fine Hotels & Resorts
  • AMEX Premium Roadside Assistance
  • Access to airport lounges (Delta, Priority Pass, Airspace, Escape and American Express Centurion Lounges)
  • Bonus points or statement credits when taking advantage of an AMEX Offer
  • Elite car rental status with Avis, Executive status with National Car Rental, and Gold Plus Rewards with Hertz
  • Free Hilton Honors Gold elite status (free breakfast and upgrades when available)
  • Free Marriott Bonvoy Gold elite status
  • 10 free Gogo in-flight Wi-Fi passes each calendar year
  • Up to $100 statement credit for Global Entry or TSA PreCheck
  • Terms and limitations apply

There are so many great ongoing benefits that come with this card. Let’s look at how much value you could get from each one:

The value from perks and benefits easily offsets the annual fee

Incredible airport lounge access

Our team members and readers love Priority Pass. They’ve been able to get free meals and beverages by taking advantage of access to over 1,200 lounges. There are even priority pass restaurant partnerships that offer a $28-$30 discount per person (up to 2 people) on your meal.

A Priority Pass Prestige membership costs $429 a year and gets you unlimited access to Priority Pass Lounges, but you’ll have to pay $32 for each guest visit. If you have the AMEX Business Platinum you’ll get a Priority Pass Select membership, which isn’t available for purchase. With this membership you get unlimited access to Priority Pass lounges and can bring two guests for free each time, so it’s actually better than the Priority Pass Prestige.

Having the AMEX Business Platinum also gives you access to Centurion Lounges. Even with some recent restrictions, Centurion Lounges offer a myriad of services and amenities for free, including Wi-Fi, signature cocktails and food prepared by locally renowned chefs (subject to availability).

Million Mile Secrets team members save hundreds each year by eating and drinking free in lounges because airport terminals generally have inflated prices for food and drinks. If you visit Centurion Lounges often, it’s easy to offset the card’s annual fee.

Centurion lounges offer free food and beverages as well as other amenities. (Photo courtesy of designs by Jack/Shutterstock)

With your AMEX Business Platinum card, you also have access to these lounges as well:

  • Airspace lounges
  • AMEX International Lounges
  • Delta SkyClub lounges (when flying with Delta that day)
  • Escape lounges

35% points back using pay with points and $200 statement credit with a select airline

The biggest direct offset to the annual fee is a $200 statement credit each calendar year for incidentals (luggage fees, in-flight food and drink, etc.) purchased directly through an airline of your choice. Select one of nine major domestic airlines from the Amex online benefits page when logged into your account. You can choose from:

  • Alaska Airlines
  • American Airlines
  • Delta
  • Frontier Airlines
  • Hawaiian Airlines
  • JetBlue
  • Southwest
  • Spirit
  • United Airlines

If you receive the full $200 statement credit, you’ll have essentially only spent $395 on the annual fee ($595 annual fee – $200 incidental credit).

35% of your points spent will also be rebated for any first class or business class flight booked through the Amex travel portal using Pay With Points. Additionally, you’ll get 35% of your points back for all flights booked with your selected airline through the Amex travel portal using Pay With Points. You can get reimbursed up to 500,000 points per calendar year. You can change your selected airline once in January each calendar year.

Amex Membership Rewards points are worth 1 cent each when you Pay with Points. Every flight purchased through the Amex travel portal also earns frequent flyer miles with the airline.

Up to $200 in Dell credits

The AMEX Business Platinum card comes with up to $200 in Dell statement credits every calendar year. All you have to do to take advantage of this perk is make a U.S. purchase directly with Dell. You get $100 in Dell credits from January to June and another $100 in Dell credits from July to December.

Receive up to $100 in statement credits applying for Global Entry or TSA PreCheck

The AMEX Business Platinum offers a Global Entry or TSA PreCheck statement credit every four years for Global Entry and 4.5 years for TSA PreCheck when you pay using your card. Each program membership lasts five years, so you can essentially renew your membership for free for as long as you hold the card.

Global Entry costs $100 and TSA PreCheck costs $85. Global Entry is generally better to get than TSA PreCheck it comes with TSA PreCheck benefits and also gets you through U.S. customs faster when you return to the U.S. on an international trip.

If you already have Global Entry or TSA PreCheck, you can use your card to pay for a family member or friend’s application and still get the credit.

Complimentary Elite Status for Extra Perks and Savings

As an AMEX Business Platinum cardholder, you’re eligible for:

Hotel elite status offers perks such as late checkout, bonus points, and upgrades when available. Team member Jasmin was able to get an upgrade to a better room, breakfast worth $140 and other welcome amenities with her Hilton Honors Gold status at the Conrad Tokyo.

With complimentary Hilton Gold status, you could enjoy an incredible free breakfast at hotels like the Conrad Tokyo. Team member Jasmin and her kids saved $140 here. (Photo courtesy of Jasmin Baron/Million Mile Secrets)

Your AMEX Business Platinum also earns you rental car status that provides free upgrades when available, grace periods for late returns, discounts and more. For example, National offers a product called the Executive Aisle where you can pick any car from the aisle and you only pay the midsize rental rate.

Free internet passes, access to global hotspots and free 2-day shipping

AMEX Business Platinum cardholders receive 10 free in-flight internet passes each calendar year. These passes are each good for one flight segment — and given how expensive in-flight Wi-Fi can be, that’s a huge savings. I’ve seen Wi-Fi cost $10-$40 for a single flight segment.

You’ll also get a free ShopRunner membership, which is like Amazon Prime but for over 100 individual retail stores. You get free two-day shipping and free returns with your online orders through participating retailers. An annual membership for ShopRunner is normally $79.

Boingo Wi-Fi has more than 1,000,000 global hotspots that are free for AMEX Business Platinum cardholders. There’s an AMEX-sponsored Boingo page where you’ll need to sign up for this service. Boingo sells a similar service for $14.99 per month, but you’ll get this complimentary with your card.

Exclusive Hotel Perks

AMEX has two different exclusive hotel programs that give great value as an AMEX Business Platinum cardholder: The Hotel Collection and The Fine Hotels & Resorts program.

Amex’s Fine Hotels & Resorts program benefits include noon check-in (when available), a room upgrade (when available), daily breakfast for two people and up to a $100 credit for an amenity at your unique property. In the past, Million Mile Secrets team members have received a $200 room upgrade, $100 credit toward dinner and free breakfasts (worth $75) on a single stay by booking through the AMEX Fine Hotels & Resorts portal. Complimentary third or fourth nights free are available at certain hotels.

The Hotel Collection offers a smaller but similar set of perks as AMEX Fine Hotels & Resorts. Each booking of two consecutive nights or more through the AMEX Hotel Collection portal will get you a $100 credit toward a qualifying dining, spa or resort activity. You can also get room upgrades at check-in when available.

Travel insurance, extended warranty and purchase protection

AMEX Premium Roadside Assistance offers complimentary emergency services up to four times a year. These services include towing up to 10 miles, changing a flat and jump-starting a battery. AMEX even provides a Travel Accident Insurance and a Baggage Insurance Plan; just note that you have to charge the entire fare to your card to be eligible for these services.

The card has an Extended Warranty feature for original manufacturer warranties of five years of less. AMEX will match warranties of two years or less, while warranties between two to five years get two extra years of coverage. The coverage is limited to $10,000 per occurrence and $50,000 per account per calendar year. You’ll also get purchase protection on eligible items. You’ll be covered for the amount charged to your card (up to $10,000 per item, $50,000 per account per calendar year) for the first 120 days from purchase.

No foreign transaction fees

You will never incur any foreign transaction fees with the AMEX Business Platinum card (see rates and fees). While this is the norm for most high-end travel credit cards, some major banks still charge ~3% for foreign transactions.

Bottom Line

Everyone will find different value from the AMEX Business Platinum card because it offers so many different perks and benefits to the cardholder. The $595 annual fee is not waived, but it’s not hard to get much more value than what you pay, plus earn valuable AMEX Membership Rewards points, which can get you to almost anywhere in the world.

To learn more about AMEX Membership Rewards points, check out these guides:

For the latest tips and tricks on traveling big without spending a fortune, please subscribe to the Million Mile Secrets daily email newsletter.

For rates and fees of the Amex Business Platinum card, click here.

The Business Platinum® Card from American Express

The Business Platinum® Card from American Express

  • Welcome Offer: Earn up to 100,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Terms Apply
  • See Rates & Fees
Terms Apply | Rates & Fees

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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