Bottom Line

This card gives you the status of a CEO. It comes with a considerable sign-up bonus and plenty of extras (some of which only come with Amex Platinum) to offset the $595 annual fee. Utilize the TSA credit, the lounge passes, the airline credit, the hotel benefits, etc. and try it for a year. Remember that with American Express, you only get a once-in-a-lifetime welcome bonus per card, so it's well worth giving this card a one-year trial. If it doesn't fit your spending and lifestyle, cancel it after a year -- but you'll be ahead of the game because of the bonus points.

Why You Might Want This Card

Like the Amex personal Platinum card, the business version has loads of perks and benefits. For example, get up to a $200 statement credit annually for U.S. purchases with Dell. Also, get one year of Platinum Global Access from WeWork, giving you access to inspiring business workspaces in more than 75 cities. And, yes, there are some really sweet perks for Uber business owners, such as a $200 airline fee credit every year toward incidentals like checked bags and in-flight refreshments. Some of our favorites perks also include HiIton Honors Gold Status, Marriott Gold Elite Status and $75 credit with Amex Hotel Collection -- without meeting any stay requirements. Plus, because you are Platinum member, you and 2 guests get to spend your layover in one of American Express' ultra luxurious Centurion Lounges.

This is one Amex card you might NOT want to wait for a special offer on if you aren't a big spender. The special offers usually require a $20,000 spend.

Exceptions To The Rule

About Amex Member Rewards

American Express points are relatively easy to earn and use. The rub is, it takes a little more strategy to maximize value.

The simplest option is using the travel portal, which works similarly to Chase. Unfortunately each point is worth only 1 cent toward airfare, making it similar to Capital One valuation if used this way. But if you have the Business Platinum card, your points become worth 1.54 cents each (although it is through a points rebate, not for the current booking), making it a solid valuation with a ton of flexibility. Two quick notes:

1. If you don’t see a desired flight (e.g. Southwest) you can call 800-297-2977 as Amex has access to more flights and you can still pay with points
2. Bookings through Amex travel generally DO NOT show as award travel, so you should receive miles for the flight with the carrier’s system. In this way, it is better than Chase.

Buying gift cards through the Amex Portal will also yield 1 cent per point, sometimes slightly better if there’s a special offer.

Generally, 1 cent is a poor return on Amex points. So if you don’t have the Platinum card, the best way to maximize value is to transfer to a partner. Here are the top choices:

1. Delta Airlines is a 1-to-1 transfer partner of Amex, making your points worth about 1.3 cents each. The trick here is to use Virgin Atlantic (A star alliance partner of Delta) to book international business class and Delta for U.S. domestic flights.
2. Air France via Flying Blue is a great option for International Business Class Flights. You’ll pay some surcharges, but they are relatively small for business class seats.
3. Singapore Airlines, if your destination aligns with theirs, could be a great value for your seats. Here’s why: Singapore’s coach is better than most other carriers' “comfort” seats but cost fewer points.
4. Other potential transfer partners which are slightly more complicated include:
   1. British Airways
   2. Etihad (booking partners through their site)
   3. Avianca (booking partners through their site)

Where American Express Platinum Business Fits In This Point Ecosystem

Personal Experience