Business Platinum Card® from American Express Review
The Bottom Line
The most premium business card in Canada, and priced accordingly at $799/year. You get 1.25x Membership Rewards points on everything, a massive welcome bonus of up to 120,000 points, and a deep roster of perks: airport lounge access, hotel elite status, statement credits, and comprehensive insurance. The value proposition only works if you travel frequently and use the perks — the earn rate alone doesn’t justify the fee. But for businesses that fly often, entertain clients, and want best-in-class coverage, the benefits can far exceed the cost. Amex acceptance gaps in Canada remain a consideration.
Our choice for: Luxury travel business credit card
on American Express' website
Welcome Bonus
Earn up to 120,000 bonus Membership Rewards® points
Annual Fee
$799
Interest Rates
21.99% - 30%* / 21.99% - 30%*
RECOMMENDED CREDIT SCORE
Rewards
- 1.25x points per $1 spent on all purchases
Insurance
Coverage
Common Carrier Travel Accident Insurance
$500,000
Travel Medical Insurance (64 & under)
15 days
Flight Delay
$1,000Baggage Delay
$1,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$1,000
Trip Cancellation
$1,500
Trip Interruption
$1,500
Mobile Device Insurance
$1,500.svg)
Car Rental Damage & Theft
Yes
Extended Warranty
1 year
Purchase Protection
90 days
Benefits
Details
Airport Lounge - American Express Global Lounge
Take full advantage of the American Express Global Lounge CollectionTM which unlocks access to over 1400 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience. Terms and Conditions apply..svg)
Status lift
Earn Marriott Bonvoy Gold Elite status by spending $30,000 or staying 10 nights combined with 15 Elite Night Credits. Status retention depends on Marriott Bonvoy terms.
Free Extra Night at Hotels
Each year, 8-10 weeks after your anniversary, receive a Free Night Award for a Marriott Bonvoy room up to 35,000 points, valid for 1 year. Resort fees excluded.
Interest on Balance
Up to 55 interest-free days
Nexus Program Rebate
Access a $100 credit for NEXUS with your Cardmembership.svg)
Concierge Services
Personalized concierge at your service
Discount
Your Business Platinum Card gets you savings on the seats you really want and lower fares on premium tickets with participating airlines
American Express® Experiences
Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts, theatre shows, and special offers with American Express® Experiences
Priority Travel
At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily park.svg)
Travel Credit
Access a $200 Annual Travel Credit each year of your Cardmembership
Wireless Credit
Up to $120 in statement credits each year. Spend $10 each month with eligible wireless providers month and get a $10 credit.
Business Statement Credits
Up to $500 in business statement credits. Enroll and earn statement credits on eligible purchases with $200 Dell statement credit, $300 Indeed statement credit.
Complimentary Hotel Benefits
Enjoy Fine Hotels + Resorts benefits at over 1,600 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.
Eligibility
Credit Score
GoodAnnual Income
N/A
Welcome Bonus Details
- Earn up to 120,000 bonus Membership Rewards® points
- Earn 80,000 Membership Rewards® points after you charge $15,000 in net purchases to your Card in your first 3 months of Cardmembership
- Plus, earn 40,000 points when you make a purchase between 15 and 17 months of Cardmembership
- That’s up to $1,200 in statement credit that can be reinvested in your business
Card Details
Interest Rates
Purchase APR
21.99% - 30%*
Cash Advance APR
21.99% - 30%*
Fees
Annual Fee
$799
Additional Cards
$250 per Platinum, $0 per Gold (max 99)
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Pros & Cons
Pros
- Optimize all purchases
- Premium travel perks
- Comprehensive insurance
- Interest grace period
- Business statement credits
Cons
- High annual fee
- Limited acceptance
Business Platinum Card® from American Express
4.6
FinlyWealth Rating
on American Express' website
Get personalized rewards estimates — see exactly how much you could earn.
Business Platinum Card® from American Express Points Calculatoron American Express' website