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Mr. Loonie
Business Platinum Card® from American Express

Business Platinum Card® from American Express

7.7
Good
Expert Score · 8 reviews How we score

Best for: Business owners who travel often and will use lounge access and premium perks

Your spending a month
What’s in each?
Solo:
Office supplies $100, shipping $50, phone and internet $150, software $150, online ads $200, gas $250, restaurants $200, travel $250, everything else (base rate) $1,050, foreign currency $100
Small team:
Office supplies $250, shipping $200, phone and internet $300, software $400, online ads $600, gas $500, restaurants $400, travel $400, everything else (base rate) $2,650, foreign currency $300
Growing:
Office supplies $500, shipping $600, phone and internet $600, software $1,000, online ads $2,000, gas $1,000, restaurants $800, travel $1,200, everything else (base rate) $6,300, foreign currency $1,000
Year one
$2,551
Every year after
$1,191

Ranked #4 of 27 business cards for year one. See the list

See how we worked it out
Welcome offer you’d get
$1,360
All of year one’s offer. Up to 120,000 Membership Rewards points.
Annual fee
$799 a year
Apply now on American Express’ site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from American Express’ site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Do you spend $3,150 or more a month on everything?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: Welcome offer up to 120,000 Membership Rewards points About $2,040 at our value for these points.

Watch for

  • Watch for: $799 a year You need about $3,150 a month on everything to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With small team spending of $6,000 a month.

Membership Rewards points valued at 1.7¢ each.

  • Office supplies $64
    1.25 points per $1 · 2.1% back $250 a month · 3,750 Membership Rewards points a year
  • Shipping $51
    1.25 points per $1 · 2.1% back $200 a month · 3,000 Membership Rewards points a year
  • Phone and internet $77
    1.25 points per $1 · 2.1% back $300 a month · 4,500 Membership Rewards points a year
  • Software $102
    1.25 points per $1 · 2.1% back $400 a month · 6,000 Membership Rewards points a year
  • Online ads $153
    1.25 points per $1 · 2.1% back $600 a month · 9,000 Membership Rewards points a year
  • Gas $128
    1.25 points per $1 · 2.1% back $500 a month · 7,500 Membership Rewards points a year
  • Restaurants $102
    1.25 points per $1 · 2.1% back $400 a month · 6,000 Membership Rewards points a year
  • Travel $102
    1.25 points per $1 · 2.1% back $400 a month · 6,000 Membership Rewards points a year
  • Everything else $676
    1.25 points per $1 · 2.1% back $2,650 a month · 39,750 Membership Rewards points a year
  • Foreign currency $77
    1.25 points per $1 · 2.1% back $300 a month · 4,500 Membership Rewards points a year
For you Year one Later years
Points you earn90,000 Membership Rewards points a year, at 1.7¢ each $1,530 $1,530
Welcome offer80,000 Membership Rewards points you’d reach $1,360 $0
Annual fee −$799 −$799
Foreign currency fee2.5% on $3,600 a year −$90 −$90
Lounge visits4 visits at $45 $180 $180
Travel medical insurance2 trips at $50 $100 $100
Rental car damage cover2 rentals of 3 days at $35 a day $210 $210
Phone insurance$60 a year $60 $60
Total $2,551 $1,191

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Everything else (base rate)
1.25 points per $1
How Membership Rewards points work, and why 1.7¢

We count Membership Rewards points at 1.7¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.7¢ to 2¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Welcome offer

Can your spending get the full offer?

At $6,000 a month, here’s when you’d reach each step.

  1. 1

    80,000 Membership Rewards points · about $1,360

    Spend $15,000 in your first 3 months.

    You’d reach it in month 3.

    • On purchases within the first 3 months
    • You can earn an additional 50,000 points when you make a purchase between 15 and 17 months of Cardmembership
  2. 2

    40,000 Membership Rewards points · about $680

    Keep the card for a year.

    • make a purchase; between 15 and 17 months of Cardmembership

Offer end date not published.

Offer checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.7
Good
Expert Score How we score
  • Frugal Flyer (opens in a new tab) May 2026

    “The American Express Business Platinum card is one of the best cards in Canada when you consider the welcome bonus and benefits it offers. While the high annual fee can initially be offputting for some, it is easy to garner enough value from this card to make the annual fee worth paying. Plus, Membership Rewards points are the best transferrable points currency in Canada, so no matter what your travel plans are, you will definitely be able to find a use for them when booking your next vacation.”

  • Money We Have (opens in a new tab) Jul 2022

    “My American Express Business Platinum Canada review is positive. The card comes with an incredible sign up bonus when using a referral link and it comes with enough travel benefits that it makes my list of the best travel credit cards in Canada.”

  • MoneyGenius (opens in a new tab) Oct 2021
    5.6

    “The American Express Business Platinum Card has earned 2.8 stars with our rating system. It gained points for having a decent array of perks and benefits, as well as a generous welcome bonus. Unfortunately, this business card lost points for having an exceptionally high annual fee, a very high spend requirement for its welcome bonus, and for being a charge card (with a potentially very high late payment fee).”

  • My Rate Compass (opens in a new tab) Aug 2020
    8.8

    “The American Express Platinum card is ideal for business owners who have a high spending volume, travel a lot and have ample cash flow. If you’re none of those things, or simply want a more basic credit card, then consider one of AMEX’s other travel credit cards or another credit card issuer.”

  • Canadian Kilometers (opens in a new tab) Jan 2018

    “The American Express Business Platinum card is a fantastic addition to any wallet. This card has the highest signup bonus in Canada, which by itself already makes it one card you should get. For anyone who likes luxury travel, applying should be a no-brainer.”

  • PointsNerd (opens in a new tab) Oct 2017

    “Personally, I find this card to be irresistible based on the huge sign-up bonus as well as the other benefits of the card.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Travel medical $5,000,000 per person
  • Trip cancellation Included
  • Trip interruption Included
  • Flight delay Included
  • Baggage delay Included
  • Hotel burglary Included
  • Lost baggage Included
  • Mobile device $1,500 per device
  • Lounges: Amex centurion Unlimited visits
  • Lounges: Priority pass Unlimited visits
  • Lounges: Plaza premium Unlimited visits
  • Cash Flow Management
  • Dynamic Purchasing Power
  • Expense Management Reports
  • Employee Card Misuse Protection
  • Disability Plan for Small Business
  • Marriott Bonvoy Gold Elite status
  • Airport Lounge Access
  • Priority Pass
  • Up to a $100 USD hotel credit on qualifying hotel amenities charged to the room, such as dining, spa, golf or other hotel facilities.
  • Complimentary room upgrade at check-in, when available.
  • Enjoy several Hotel & Resort benefits
  • Special benefits at Toronto Pearson International Airport
  • Hertz Gold Plus Rewards Five Star Tier membership
  • Trip Cancellation and Interruption Insurance
  • Baggage Delay Insurance
  • Flight Delay Insurance
  • Lost or Stolen Baggage Insurance
  • Hotel / Motel Burglary Insurance
  • American Express Invites including Front Of The Line
  • Emergency Card Replacement
  • Mobile wallets Apple Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read American Express’ insurance certificate before you count on any coverage.

Fees and interest

What it costs

Annual fee
$799 a year
Purchase interest
21.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$250
Cash advance fee
3%, Minimum of $0.75
Over-limit fee
None
Late payment fee
None
Source
Issuer page

Interest rates

Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With small team spending. This card: $2,551 year one, $1,191 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Business Platinum Card® from American Express?

$799 a year. Each extra card costs $250.

How much is the Business Platinum Card® from American Express welcome offer worth?

Up to 120,000 Membership Rewards points, about $2,040. You get it in 2 steps: 80,000 Membership Rewards points after you spend $15,000 in the first 3 months; 40,000 Membership Rewards points on your first card anniversary.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases.

Does it include insurance?

It lists extended warranty, purchase protection, employee card misuse protection and trip cancellation and interruption insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$2,551
year one for you
Apply now on American Express’ site (opens in a new tab)
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