Overview of Amex Business Cards

Overview of Amex Business Cards

I’ve done some research on two standout business cards from American Express: the American Express® Business Gold Card and The Business Platinum Card® from American Express. Both cards are quite popular, but they cater to different needs and goals. Let’s dive into the differences between Amex Business Gold and Amex Business Platinum to help you make an informed decision.

Welcome Offers

With the Amex Business Gold card, you can earn up to 200,000 reward points after spending $15,000 in the first three months of card activation. On the other hand, the Amex Business Platinum card offers an even more enticing deal: 300,000 reward points after spending $20,000 in the same timeframe. These points are quite valuable, equating to about $4,000 for Amex Gold and $6,000 for Amex Platinum when calculated at point value.

Annual Fees

When it comes to annual fees, the Amex Business Gold card costs $375, while the Amex Business Platinum card has a significantly higher fee of $895. This difference reflects the additional perks and benefits that come with using the Amex Platinum card.

Point Earning Rates

Both cards feature attractive point-earning mechanisms, though they differ in their rates. With the Amex Business Gold, you earn 4 points for every dollar spent in two selected categories, such as gas stations and restaurants in the U.S. Additionally, you get 3 points for every dollar spent on flights and hotel bookings made through amextravel.com.

Switching to the Amex Business Platinum, you’ll earn 5 points for every dollar spent on flights and hotels booked in advance through amextravel.com, 2 points for business-related expenses, and 1 point for other purchases.

Included Benefits

The Amex Business Gold card offers several benefits, such as up to $240 in annual credits for spending at FedEx and Grubhub, as well as luggage protection and rental car insurance. However, the Amex Business Platinum card shines with a plethora of perks, including a $150 credit for Dell, $360 for expenses on Indeed, and numerous travel benefits like access to lounges.

Protection Programs

Both cards come with differing protection programs, but the Amex Business Platinum card offers a broader range of protections. For instance, it includes mobile phone protection and travel insurance, which are incredibly useful for frequent business travelers.

Cashback Offers

The Amex Business Gold card does not feature a cashback program, while the Amex Business Platinum card allows you to receive 35% back on airline ticket purchases made using points. This is a significant advantage if you frequently fly with Amex partners.

Final Thoughts

If you’re a small business looking to maximize benefits from your spending, the Amex Business Platinum card is an excellent choice despite its higher annual fee. With attractive reward points and numerous accompanying offers, you’ll receive more value for your expenditures.

Conclusion

The decision between the Amex Business Gold and Amex Business Platinum cards ultimately depends on your specific needs. If you don’t mind a higher cost for greater benefits, the Amex Business Platinum is definitely worth considering. On the other hand, if you prefer to save money while still enjoying useful features, the Amex Business Gold card is also a solid option.