travel4.4 / 5

Business Platinum Card from American Express

American Express

Best for

Business owners who travel frequently and can use the Dell/Indeed/wireless and travel credits.

Apply on American Express

Annual fee

$799

FX fee

2.5%

Purchase APR

21.99%

Income req.

—

Recommended credit score

760+

Approval difficulty

Hard approval

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

~$1,600 value

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)

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.

Written by

The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“Business Platinum Card from American Express Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/amex-business-platinum, updated June 2026.

Sources

American Express cardholder agreement and rates & fees disclosure
VaultNerd cards database