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      Amex Business Platinum vs. Amex Business Gold (September 2022 Credit Card Comparison)

      Josh Patoka
      Amex Business Platinum vs. Amex Business Gold Credit Card

      “Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.

      The Business Platinum Card® from American Express and the American Express® Business Gold Card are the “crown jewels” of the bank’s small business credit card lineup. Both cards earn bonus Membership Rewards and have a redemption bonus for award flights.

      This Amex Business Platinum vs. Amex Business Gold comparison will help you choose the better rewards card for your small business.

      Benefits At A Glance

      Here is an overview of each card’s main benefits and fees.

      American Express Business Platinum CardAmerican Express Business Gold Card
      Annual Fee$695$295
      Authorized User Fee$300 per card (until 5/31/2022 and then $350)$0 for the first year, then $50 each
      Signup Bonus120,000 Membership Rewards after spending $15,000 in 3 months ($1,200 value)70,000 Membership Rewards after spending $10,000 in 3 months ($700 value)
      Purchase Rewards5x on flights and prepaid hotels through American Express Travel
      2x on remaining American Express Travel purchases
      1.5x on select transactions exceeding $5,000
      1x on remaining purchases
      4x on select business categories
      2x on American Express Travel purchases
      1x on remaining purchases
      Award Flight Redemption Bonus35%25%
      Airport Lounge BenefitsAmex Global Lounge CollectionNone
      Notable BenefitsUp to $1,000 in business statement credits
      $200 airline fee credit
      Airport security application fee credits
      Travel loyalty perks
      1:1 point transfers 
      $100 experience credit at The Hotel Collection with American Express Travel
      Travel insurance benefits
      1:1 point transfers

      Read our American Express Business Platinum Card and American Express Business Gold Card guides to dig deeper.

      Annual Fee

      There is a distinct difference between the annual fees of each card.

      Business Platinum

      The Amex Business Platinum annual fee is $695.

      Additional employee cards cost $300 each through June 30, 2022. That fee increases to $350 beginning on July 1, 2022.

      Business Gold

      The Amex Business Gold annual fee is $295 for the basic card. Additional employee cards are complimentary for the first year and then $50 each.

      Welcome Offer

      Both cards have relatively high spending requirements, even for small business credit cards. You can earn bonus Membership Rewards points with either card.

      Business Platinum

      You will receive 120,000 bonus points after making $15,000 in purchases during the first 3 months. This bonus is worth up to $1,200 in award flights and select gift cards.

      This card also offers an introductory 0% APR during the first 12 months on purchases you enroll in Pay Over Time. 

      Business Gold

      The Business Gold signup bonus is 70,000 Membership Rewards after spending $10,000 within 3 months. This spending offer is worth up to $700 in flights and gift cards.

      Earning Membership Rewards

      Amex Business Platinum vs. Amex Business Gold Benefits

      Photo: pixabay

      Both cards can help you earn bonus points on travel and participating business categories.

      Business Platinum

      This card earns up to 5x Membership Rewards on purchases.

      You will earn unlimited 5x on flights and prepaid hotels through AmexTravel.com. 

      These select categories earn 1.5x on transactions exceeding $5,000 (up to $2 million in combined purchases):

      • Construction material and hardware suppliers
      • Electronic goods retailers
      • Software and cloud system providers
      • Shipping providers

      American Express Travel purchases earn 2 points per $1.

      Your remaining non-bonus purchases earn 1 point per $1.

      Business Gold

      The Business Gold Card lets you earn 4x Membership Rewards on two categories of choice:

      • Airfare purchased directly from airlines
      • Online, TV, and radio advertising (U.S. only)
      • Select technology providers (U.S. only)
      • Gas stations (U.S. only)
      • Restaurants, delivery, and takeout (U.S. only)
      • Shipping (U.S. only)

      The 4x multiplier only applies to the first $150,000 in combined annual purchases (then 1x).

      Your remaining travel purchases through American Express Travel earn 2 points per $1.

      All non-bonus spending earns 1 point per $1.

      Redeeming Membership Rewards

      Your redemption options are the same for both cards with a maximum redemption value of 1 cent.

      Here is an example of how much your Membership Rewards can be worth:

      Redemption OptionPoint Value
      Flights1.0 cents
      Hotels, Rental Cars, Cruises, Vacations0.7 cents
      Point TransfersVaries
      Gift Cards1.0 cents
      Online Shopping0.7 cents
      Cash Statement Credits0.6 cents

      1:1 Transfer Partners

      You can also transfer your points to 20 airline and hotel loyalty programs, usually at a 1:1 ratio in 1,000-point increments.

      American Express Airline Bonus

      Both cards offer a redemption bonus when using your Membership Rewards to book reward flights. You receive up to 35% of your redeemed points back on qualifying First or Business class flights on one airline of choice.

      • Amex Business Platinum: 35% back (up to 1 million points back per year)
      • Amex Business Gold: 25% back (up to 250,000 points back per year)

      Few business credit cards offer a redemption bonus that makes your points more valuable. 

      Tip: If you’re considering cards with a travel bonus, you may also consider the Chase Ink Business Preferred. Your points are worth 25% more on all travel redemptions and you realize the bonus as soon as you redeem them instead of getting them back for a repeat redemption.

      Amex Business Platinum Benefits

      This card offers many travel and business benefits that can be worth more than the annual fee. Many of the travel benefits are similar to the consumer Platinum Card from American Express — but for business travelers.

      $200 Airline Fee Credit

      The first $200 in incidental fees for one airline of your choice receive reimbursement as a statement credit. This airline is also the same one eligible for the 35% airline bonus.

      Global Lounge Collection

      The Global Lounge Collection provides complimentary access to several independent and airline-operated airport lounges:

      • Centurion
      • International American Express
      • Priority Pass Select
      • Delta Sky Club
      • Airspace
      • Escape
      • Lufthansa
      • Plaza Premium

      Beginning in January 2023, additional Centurion guests cost up to $50 each. You can waive this fee by making at least $75,000 in calendar year purchases starting in 2022.

      Other Amex Business Platinum Travel Benefits

      Some of the other featured travel perks include:

      • Global Dining Access by Resy: Exclusive reservations at elite restaurants across the world.
      • Premium Private Jet Program: Discounts on Wheels Up Connect and Core memberships.
      • Trusted Travel Program: Up to $100 application fee credit every four years for Global Entry and TSA PreCheck.
      • Free CLEAR® membership: Up to $189 each year in CLEAR® application fee credits.
      • Fine Hotels + Resorts: $100 on-property credit on qualifying stays through Fine Hotels + Resorts. 
      • Hotel loyalty status: Hilton Honors Gold and Marriott Bonvoy Gold Elite
      • Car rental privileges: Special perks with Avis, Hertz, and National.

      Business Statement Credits

      You can also receive over $1,000 in statement credits for select business services:

      • Dell Technologies: $400 annually (two $200 semi-annual credits)
      • Indeed: $360 annually ($90 per quarter)
      • Adobe Creative Solutions: Up to $150 per year
      • Wireless Credit: Up to $120 per year ($10 monthly) for U.S. wireless telephone service purchases

      Amex Business Gold Benefits

      The Business Gold Card offers a few additional benefits. However, the 25% airline bonus and the Membership Rewards program are the best reasons to have this card. 

      Hotel Collection

      Up to $100 experience credit on qualifying stays through The Hotel Collection with American Express Travel.

      Expense Management Tools

      You won’t receive business statement credits such as the Amex Business Platinum yet bookkeeping can be easier with these expense management benefits:

      • Vendor Pay by Bill.com
      • Auto-categorization with QuickBooks
      • Relationship Care® service
      • Year-end summary

      The Amex Business Platinum also offers these small business tools.

      Travel and Purchase Protection

      Both cards offer various travel insurance and purchase protection benefits. 

      Here are the maximum coverage amounts:

      American Express Business PlatinumAmerican Express Business Gold
      Trip Cancellation and Interruption$10,000 per trip and up to $20,000 per 12-month periodN/A
      Trip Delay$500 per covered trip after six hours$300 per covered trip after 12 hours
      Baggage DelayN/AN/A
      Lost Luggage Reimbursement$2,000 per checked bag and $3,000 per carryon
      (NY residents: $2,000 per bag and $10,000 per trip)
      $1,250 per person ($10,000 per trip for New York State residents)
      Car Rental Insurance
      (Collision and Theft)
      Secondary coverage up to $75,000Secondary coverage up to $50,000 
      Purchase Protection$10,000 per purchases and $50,000 annually for purchases within 90 days$1,000 per item and $50,000 annually for purchases within 90 days
      Return ProtectionUp to $300 per item and up to $1,000 per year for purchases within 90 daysN/A
      Extended WarrantyOne additional year for warranties of 5 years or lessOne additional year for warranties of 5 years or less
      Cell Phone Protection$800 per claim after a $50 deductibleN/A

      The Business Platinum Card has better coverage although you may consider buying a standalone travel insurance policy on pricier trips.

      When to Apply for the Amex Business Platinum

      The Business Platinum Card has a notably higher annual fee but can be the clear winner for multiple reasons:

      • Luxury travel benefits: The frequent flyer, hotel, and car rental perks are easy to use if you regularly make business trips. 
      • 35% Airline Bonus: The 35% award flight redemption bonus and being able to get up to 1 million points back can also be enticing.
      • Airport lounge access: The Amex Business Platinum offers airport lounge access and the Business Gold doesn’t provide any lounge visits.
      • Business statement credits: Approximately $1,000 in statement credits for qualifying business services offers additional value.
      • More bonus categories: Cardholders have more opportunities to earn bonus Membership Rewards in various business categories.

      When to Apply for the Amex Business Gold

      You might choose the Business Gold Card for these advantages:

      • Customizable rewards categories: You get to choose two purchase categories to earn up to 4 points per $1.
      • 25% Airline Bonus: The 25% airline bonus makes each point worth 1.25 cents for reward flights. Most rewards credit cards have a maximum redemption value of 1 cent.
      • Lower annual fee: The more affordable annual can make this card more attractive if you don’t want the luxury travel and business perks. The lower cost can also be more advantageous when you need multiple employee cards.

      The Vacationer’s Final Thoughts

      Business travel can be easier with American Express’s Business Platinum Card or Business Gold Card. The airline bonus benefit, 1:1 transfer partners, and earning Membership Rewards make either card an excellent option if you redeem your credit card points for award flights.

      While pricier, you may consider the Amex Business Platinum first as you have access to more benefits. However, the Amex Business Gold is better if you want to maximize the 4x rewards categories and will struggle to use the business credits and luxury travel perks.

      It can also be worth comparing both cards to the Chase Ink Business Preferred and the Capital One Spark Miles. Both cards offer competitive perks and a handsome $95 annual fee.

      Editorial Disclosure: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post.

      Josh Patoka The Vacationer Bio

      By Josh Patoka

      Josh Patoka writes about maximizing travel rewards for The Vacationer. As well, he contributes to several personal finance sites specializing in making money, paying off debt, and investing.