The Business Platinum Card from American Express OPEN Review


Small business owners and large business owners alike want one thing; success. They want to make sure that the little business they began is going to turn into something profitable, important and all that they had hoped and dreamed as they were building it up into whatever it happens to be today. One way to ensure that happens is to choose the best possible business credit card. Since we love small business owners and large businesses alike, we like to make sure everyone is aware of all the amazing business credit cards on the market that might help to enhance business. One of our favorite business credit cards at the moment is the Business Platinum Card from American Express OPEN.

It’s not the card for everyone in business, but it is good for those who spend a lot of time traveling via airport. It’s the best card on the market right now for airport lounge access, which we all know is imperative to business owners and their employees. It is far simpler for business owners and their employees to get more work done when there is a quiet place to get it done, or to meet or to brainstorm or just to relax before travel. Airport lounge access is a huge draw with this particular business credit card, which is why we want to bring you the information you need to decide whether or not this card is right for you and your business.

What We Love

The Business Platinum Card from American Express OPEN is a great card to carry if you own a business of any size, so long as travel is something you take part in on a regular basis. What we love most about this card is that you get a great bonus when you sign up and meet a few small expectations. You’ll end up with 40,000 bonus membership reward points when you are able to spend $5,000 on anything during the first three months your card is open.

That’s nothing for a business owner, so you’re definitely going to receive this bonus. This is a lot of rewards membership points that can be used to book travel, to redeem on other rewards; and it’s worth it. What we also love about this business card is that you will receive an annual $200 credit to help you cover the cost of incidentals on flights. These incidentals include everything from airline baggage fees to purchases you make during a flight. That’s always nice to have in your pocket.

We also love that it’s a charge card rather than a credit card. What does this mean? This means you have to pay off the balance of the card in full each month rather than allowing balances to rotate. It’s a great way to ensure you always have credit but to ensure you never have debt since the balance of the card is due in full each month. We love that; but we do understand that it is not for everyone when it comes to credit cards.

Finally, you get to take advantage of visits to a number of amazing airport lounges. You’ll get to visit lounges from Centurion, Delta Sky Club, Airspace Lounges and more. You also get to take advantage of priority pass select, should you choose to do that.

What We Don’t Love

Of course no card is perfect for business owners. This one is pretty amazing, but it does have its drawbacks. The biggest is probably the fact that the annual fee is quite steep, making it far better for a large and very profitable business rather than a smaller business. The fee is $450 per year, which is not inexpensive, and we don’t love it.

Additionally, we are not all that impressed with the rewards rates. You get 2 points for every dollar you spend on travel, but only if you book through American Express and their website. Everything else, including travel not booked through American Express, is only worth 1 point for every dollar you spend. It’s not easy to earn points this way, which makes it even harder to earn points to make up for the high annual fee. This might be a big turn off for those who don’t plan on making huge purchases throughout the year.

Of course, the fact that a Delta Sky Club annual membership is $450 by itself might just makeup for the annual fee. It’s all in how you look at this card, what you want and how much money you plan on spending. If this is something that intrigues you, it might be worth it. If it’s not, we have plenty of other business credit cards to review for you, so sit back and know that there is something out there that’s right for your business.

Photo by Getty Images

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