Business Platinum Card from American Express
American Express · American Express
Business owners who travel frequently and can use the Dell/Indeed/wireless and travel credits.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
The premium business card in Canada: stack the statement credits and lounge access against the $799 fee and most travelling business owners come out well ahead.
Reward rates
All purchases | 1.25x |
VaultNerd values these points at ~2¢ each.
Welcome bonus
Up to 120,000 Membership Rewards points; first-year value reflects the 80,000 points earnable in year one
Requirement: Earn 80,000 points after $15,000 in net purchases in the first 3 months, plus 40,000 with a purchase in months 15-17
Pros
- Up to $820/year in business and travel credits can outweigh the fee
- Premium lounge access and hotel status for business travellers
- 1.25x flat earn is solid for a charge card
Cons
- $799 fee plus $250 per additional card
- Part of the welcome bonus only lands in months 15-17
- High $15,000 initial spend requirement
Perks
- $200 annual travel credit plus up to $620 more in Dell/Indeed and wireless statement credits
- Access to 1,400+ lounges via the Global Lounge Collection, including Centurion Lounges
- $100 NEXUS credit every 4 years and Toronto Pearson priority security and parking perks
- Marriott Bonvoy Gold Elite and Hilton Honors Gold status, plus Fine Hotels + Resorts
- No pre-set spending limit and up to 55 interest-free days
- Transfer points 1:1 to Aeroplan, Avios and other partners
Insurance
- Travel emergency medical $5,000,000 (15 days, under age 65)
- Trip cancellation $1,500 and trip interruption $1,500
- Travel accident insurance $500,000
- Flight delay, baggage delay and lost/stolen baggage ($1,000 each)
- Rental car theft and damage (vehicles up to $85,000, 48 days)
- Hotel/motel burglary $1,000
- Purchase protection (90 days) and extended warranty (+1 year)
Frequently asked questions
Is the Business Platinum Card from American Express worth it?
It charges a $799 annual fee, and we rate it 4.4 out of 5. It's best suited to business owners who travel frequently and can use the Dell/Indeed/wireless and travel credits. The welcome bonus is worth roughly $1,600, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Business Platinum Card from American Express earn?
It earns 1.25x on all purchases. We value these points at about 2¢ each, so the top rate works out to roughly 2.5% back.
What credit score do you need for the Business Platinum Card from American Express?
We'd suggest a score of around 760 or higher, which puts approval in our "hard" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“Business Platinum Card from American Express Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/amex-business-platinum, updated June 2026.
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