Is the Amex Business Platinum Card Worth Its 895 Annual Fee?

When considering a credit card with an annual fee nearing $900, it’s essential to evaluate its benefits carefully. The Business Platinum Card® from American Express, with its $895 fee, offers a range of perks and statement credits that could justify the cost for many business owners. However, this card may not be suitable for everyone. Here’s a comprehensive look at whether the Amex Business Platinum is worth the investment for you.

One of the standout features for new applicants is the enticing welcome offer: earn 200,000 bonus points after spending $20,000 on eligible purchases within the first three months. According to TPG’s October 2025 valuations, American Express Membership Rewards points are valued at approximately 2 cents each, making this bonus worth around $4,000. This substantial bonus can significantly offset the annual fee, especially since it exceeds the fee by more than four times. However, remember that this bonus is a one-time offer, and its value will depend on how you redeem your points.

For those who travel frequently, the Amex Business Platinum provides access to the American Express Global Lounge Collection. Eligible cardmembers can enjoy exclusive access to a variety of lounges around the world, where they can relax with complimentary snacks, drinks (including some alcoholic options), and Wi-Fi. Some lounges even offer enhanced amenities like full meals, showers, and children’s play areas. This access can greatly enhance your travel experience, especially during layovers.

Additionally, cardholders can register for automatic elite status with several hotel loyalty programs, including Hilton Honors, Marriott Bonvoy, and the Leaders Club by Leading Hotels of the World. This elite status can lead to benefits such as late checkouts, room upgrades, and bonus points, making it a valuable perk for those who frequently stay at hotels.

The card also offers complimentary elite status with car rental programs, including Avis Preferred, Hertz Gold Plus Rewards, and National Emerald Club. This status can provide benefits like car upgrades and the ability to skip the line when picking up your rental. If you often rent vehicles for business, this feature can help you save time and enhance your rental experience.

Traveling can incur various fees, such as checked baggage costs or seat upgrades. Fortunately, Business Platinum cardholders can receive up to $200 in statement credits for airline incidental fees each calendar year. You can select a preferred airline from a list that includes major carriers like American Airlines and Delta Air Lines. This credit can cover a range of fees, making it a practical benefit for frequent flyers.

Another valuable feature is the ability to receive 35% of your points back when booking flights through Amex Travel, provided you book with your selected qualifying airline. This benefit allows cardholders to maximize their points and can be particularly advantageous for those who travel regularly.

Business Platinum cardholders can also take advantage of the Fine Hotels + Resorts and The Hotel Collection programs. These bookings come with perks like daily breakfast for two, late checkout, and room upgrades. Additionally, you can earn up to $600 in hotel credits each calendar year, which can be applied to prepaid bookings. These benefits can significantly enhance your hotel experiences and help justify the card’s annual fee.

In terms of earning rewards, the Amex Business Platinum stands out with its points structure. Cardholders earn 5 points per dollar on airfare and prepaid hotel bookings made through American Express Travel, as well as 2 points per dollar on purchases at U.S. construction material suppliers, electronic goods retailers, and more. If your business regularly incurs expenses in these categories, you could accumulate a substantial number of Membership Rewards points.

The card also offers a quarterly statement credit for Hilton purchases, providing up to $200 in credits per calendar year. This benefit is divided into four $50 credits, which can be used for room rates or incidental expenses at Hilton properties. If you frequently stay at Hilton hotels, this credit can help offset the annual fee.

For those who prioritize expedited airport security, the card covers application fees for Global Entry (up to $120) or TSA PreCheck (up to $85), available every few years. This benefit allows you to navigate through airport security more efficiently, making your travel experience smoother. Additionally, cardholders can receive reimbursement for Clear membership fees, further enhancing their travel convenience.

If you pay your cellphone bill with the Business Platinum, you’ll receive cellphone protection against loss or damage, with a maximum liability of $800 per claim. There’s also a $120 annual statement credit for purchases made directly from U.S. wireless providers, which can help reduce your overall expenses.

For business owners who spend significantly, there are opportunities to maximize statement credits. After spending $250,000 or more on eligible purchases, you can earn up to $1,200 in Amex Travel flight statement credits and up to $2,400 in One AP statement credits. If your business can utilize these credits, they can help mitigate the high annual fee.

In conclusion, the Amex Business Platinum Card offers a wealth of benefits that can justify its $895 annual fee for organized business owners who travel frequently. With numerous statement credits and valuable perks, it’s possible to recoup the cost of the card if you align your spending and travel habits with its offerings. Ultimately, whether the card is worth it depends on your individual business expenses and travel preferences. If you find that the benefits outweigh the fee, applying for the Amex Business Platinum could be a wise decision.