Apply for the Amex Business Platinum Now to Lock-in a Lower Annual Fee

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American Express is getting bold with its premium cards, adding unprecedented new perks and increasing benefits — as well as raising annual fees.  

Over the years, we’ve seen The Platinum Card® from American Express
increase from a $450 annual fee to $695 (See Rates). And early next year, the annual fee of The Business Platinum Card® from American Express will increase from $595* (See Rates) to $695.

Read more: The Amex Business Platinum card just got a makeover with a whopper 120,000-point bonus and new benefits — but the annual fee is increasing, too

To justify that new price tag, American Express has revamped the Amex Business Platinum’s benefits and added several hundred dollars worth of new statement credits. But here’s the pro tip: You can get these new statement credits for the old $595* fee by applying before January 13, 2022.

If you’re considering the Amex Business Platinum, here’s why you should open it before the end of 2021.

Lock-in the Amex Business Platinum’s lower annual fee for a year

Regular APR

14.24% – 22.24% Variable

Credit Score

Good to Excellent

Featured Reward

120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership

Intro APR

0% Intro APR for 12 months on purchases eligible for Pay Over Time

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  • Pros & Cons
  • Details

  • Pros
    • More travel benefits than you’ll find on any other business credit card
    • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass (enrollment required)
    • Complimentary hotel elite status (enrollment required)
    • Access to Amex concierge services
    • Very high annual fee
    • Limited opportunities to earn bonus points
    • Annual statement credits won’t be useful for everyone
    • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
    • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
    • Get 5X Membership Rewards® points on flights and prepaid hotels on
    • Earn 1.5X Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies.
    • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
    • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
    • Access to more than 1,300 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. More lounge options than any other credit card on the market as of 8/2020.
    • $595 Annual Fee ($695 if application is received on or after 01/13/2022).
    • Terms Apply.

    Read Our Review
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    As long as you apply for the Amex Business Platinum by January 12, 2022, you’ll be charged $595* for your first year of card membership. 

    Whether or not you think the Amex Business Platinum’s ongoing benefits are worth $695, its welcome bonus alone is worth opening the card in the first year. You’ll earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership, and a 0% APR for the first 12 months from account opening on purchases eligible for Pay Over Time (then a 14.24% – 22.24% Variable APR).

    Insider estimates Amex points are worth 1.8 cents each, on average. That makes this bonus worth around $2,160 in travel.

    Read more: Best ways to use Amex Membership Rewards points

    But with all the new perks Amex has managed to stuff into the card, you may find yourself keeping it year after year. Here are a few highlights:

    Conservatively, the average person should be able to get $1,500+ per year in value from these benefits. I’ve saved $710 with Amex Offers** alone this year.

    Get some statement credits twice in your first year

    As for the statement credits that reset each calendar year: If you open the card now, you can use them in 2021 (the airline fee credits, Dell credits, and Adobe credits) and then again starting January 1, 2022.

    Read more: Amex Platinum cardholders can potentially get the $200 airline fee credit twice in their first year — here’s how

    You could potentially get $2,000+ worth of credits in the first few months of card membership — without having to pay a second annual fee.

    The card also earns points at the following rates:

    • 5 points per dollar on flights and prepaid hotels booked through Amex Travel
    • 1.5 points per dollar on each eligible purchase of $5,000 or more, and on eligible purchases in the U.S. at electronics goods retailers, software, and cloud service providers, shipping providers, and on construction materials and hardware supplies (on up to $2 million in combined purchases per year, then 1 point per dollar)
    • 1 point per dollar on all other eligible purchases

    Read more: Amex Business Platinum Card review

    Do you qualify for the Amex Business Platinum?

    The Amex Business Platinum is a small-business card, meaning you’ll need a for-profit venture to qualify. You don’t need to have a proper LLC, but you must at least have a side-gig such as:

    • Freelance writer
    • Uber driver
    • Petsitter
    • Tutor
    • DoorDash delivery driver

    You also will not be eligible for this card’s welcome bonus if you’ve already earned the Amex Business Platinum’s bonus in the past. American Express enforces a once-per-lifetime rule for each card’s intro offer.

    However, if you’ve previously opened or already have the personal Amex Platinum, you still qualify for the business card’s bonus.

    Featured credit cards from our partners

    Featured Reward

    60,000 points

    Credit Needed

    Good to Excellent

    Featured Reward

    3 free nights (each valued up to 50,000 points) after qualifying purchases and 10x total points on eligible purchases in select categories

    Credit Needed

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed

    Good to Excellent

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