American Express Platinum Business Card

Name: American Express Platinum Business Card
Brand: American Express
Rating: 4.7 (6 reviews)

6 reviews

Data last updated 27 July 2026

No interest

Purchase rate

$1,750

Annual fee

350,000

Bonus points

Do you manage American Express card listings? Claim on Partner Central

American Express Platinum Business Card card

60 second approval

You may have seen us in

CardIQ

56Good

Good

Overall score, out of 100 · How this works

55 days interest-free35
Business52
Frequent flyer65
Rewards58
Sign-up bonus73
Travel43
Velocity Points65

Customer reviews

4.7

Based on 6 reviews

Most of the praise went to rewards.

RaymondRecommends

Unmatched level of service

The other banks don’t give this service. I never have to take breath to see if a charge goes through. It always works. Thank you AmEx.

JoeRecommends

Great for travelling

The card provides the best points that can be used for travel, and It provides good travel Insurance. It is recognised all over the world.The annual fee is expensive, however.If the card deteriorates and needs to be replaced before the scheduled renewal, a new card with a…

ShahinRecommends

Very pleased

I like this card because it is very easy to use. It has a low interest rate and I receive my statement in due time. The card also reminds me when I am due for payment. It has a good and easy reward program. I can easily increase my daily limit if I need to.

AbhijitRecommends

Very satisfied with the card

The card has lots of cashback offers for household appliances. You can get rewards points if you spend a specific amount in the 1st transaction. Many online offers in the US but very less offers in the Asia Pacific region. Wish we had more offers in the Asia Pacific regionLove…

MaryRecommends

I have had a Gold AmEx for 20 years which is great and last year added a Platinum which I use more. I enjoy it and use it for most business and personal expenses and the only downfall is that I cannot use in Aldi and some restaurants and retail outlets.

Charles WellsRecommends

Very good reward scheme when I can use it

The card has an excellent reward scheme, but it is frustrating that so many organisations do not offer its use, or put a heavy surcharge on its use. The statements are clear and provide separate purchases for each card holder attached to your account which is good. The website…

Pros & cons

What's good

350,000 bonus Membership Rewards points to start, worth around $3,500 at our 1c-per-point valuation.
Complimentary international travel insurance.
Points transfer to 13 rewards programs, including Accor Live Limitless (ALL), Air New Zealand Airpoints and British Airways Club.
Earns 1 point per $1 on ATO and government payments, where many rewards cards earn nothing.
No fee to add an additional cardholder.

Worth noting

The $1,750 annual fee is high for a Platinum card, where the typical fee is about $155.
3.5% foreign transaction fee on overseas spending, at the high end of the market.
Charge card: the full balance must be paid each month, with no option to carry a balance.

Card details

The basics

Additional cardholder fee: $0 p.a.
Card tier: Platinum
Card type: American Express
Card use: Business
Credit limit: $1,000 – $100,000
Credit rating: Good
Rewards program: American Express Membership Rewards

Eligibility

Instant approval: Yes (response in ~60 seconds)
Joint application: No
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Not eligible

Rates & fees

Ongoing interest rates

Cash advances: 0.00% p.a.
Purchases: No interest. Pay in full each month

Fees

Additional cardholder fee: $0
Annual fee: $1,750 p.a.
Cash advance fee: —
Foreign transaction fee: 3.5%
Late payment fee: $0

Repayments

Interest-free period: Up to 55 days on purchases
Minimum repayment: 100% of the closing balance outstanding

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 2.25 pts per $1
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: 1 pt per $1 on ATO and government payments
Reduced rate above monthly cap: None
Points cap: Uncapped
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: 350,000 points

Transfer partners

Accor Live Limitless (ALL): 5 pts → 1 pt (≈ 0.45 pts per $1)
Air New Zealand Airpoints: 200 pts → 1 pt (≈ 1 pt per $89)
British Airways Club: 3 pts → 1 pt (≈ 0.75 pts per $1)
Cathay (Asia Miles): 3 pts → 1 pt (≈ 0.75 pts per $1)
Emirates Skywards: 4 pts → 1 pt (≈ 0.56 pts per $1)
Everyday Rewards: 5 pts → 4 pts (≈ 1.8 pts per $1)
Hilton Honors: 2 pts → 1 pt (≈ 1.13 pts per $1)
Malaysia Airlines Enrich: 3 pts → 1 pt (≈ 0.75 pts per $1)
Marriott Bonvoy: 3 pts → 2 pts (≈ 1.5 pts per $1)
Qatar Airways Privilege Club: 3 pts → 1 pt (≈ 0.75 pts per $1)
Singapore Airlines KrisFlyer: 3 pts → 1 pt (≈ 0.75 pts per $1)
Velocity Frequent Flyer: 2 pts → 1 pt (≈ 1.13 pts per $1)
Virgin Atlantic Flying Club: 3 pts → 1 pt (≈ 0.75 pts per $1)

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Age limit: 79 years
Cover limit: $2,500,000
Excess: $250
Maximum trip length: 180 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Chubb Insurance Australia Limited

Purchase protection

Activation: Pay for the item with the card
Annual limit: $20,000
Cover period: 90 days
Excess: $50
Not covered: Cash, consumables and animals
Per-item limit: $2,500
Underwriter: Chubb Insurance Australia Limited
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Where this card sits vs similar cards

Compared with every other business credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Sign-up bonus$3,500Best in market (1st of 10 cards)

Rewards value$810 a yearBest in market (1st of 21 cards)

Interest-free days55 daysTied for best (1st of 37 cards)

Overseas fee3.50%Among the weakest we track (34th of 39 cards)

Annual fee$1,750 a yearAmong the most expensive (39th of 39 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

Compare side by side

Browse by card type

Compare the American Express Platinum Business Card against every other card in its category.

Frequent flyer Rewards View all →

Questions and answers

No questions yet. Ask the first one about American Express Platinum Business Card.

Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: American Express
Program: American Express Membership Rewards