Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

American ExpressPremium Business Charge Card

American Express Business Platinum Card

Our take: strongest for groceries and gas — about 2.1% back in value (est.) for $799 a year, plus a welcome bonus we value at roughly $2,040.

Welcome bonusUp to 120,000 Membership Rewards points as a new cardmember

Apply on Amex’s site →

Goes straight to American Express
Our review

The Business Platinum Card from American Express is Amex Canada’s top-tier business charge card, built around airport lounge access, a large annual travel credit, and a bundle of business-service statement credits rather than everyday bonus-category earning. It’s aimed at business owners who travel often and will actually use the perks — not businesses looking for the highest possible cash-back rate on day-to-day spend.

3.9out of 5

MoneyMint rating

#5 of 15 business cards · How we rate

Rewards value

5/10

Insurance

10/10

Flexibility

7/10

Welcome bonus

10/10

Fee value

0/10

Perks

6/10

≈ $1,758

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. Compare all 15 business cards →

At a Glance

Annual fee

$799/yr primary$250/yr per additional Platinum card; supplementary Gold cards free

Rewards rate

Flat 1.25 pts/$1no bonus categories, uncapped

Welcome bonus

Up to 120,000 pts

Rewards

~2.1%on groceries (est. value)

Credit score needed

Excellent

Foreign transaction fee

2.5%

Pros & Cons

Pros

American Express Global Lounge Collection: 1,400+ airport lounges worldwide
$200 annual travel credit plus up to $100 NEXUS credit every 4 years
Fine Hotels + Resorts and The Hotel Collection benefits at 1,600+ properties
Automatic Hilton Honors Gold and Marriott Bonvoy Gold Elite status
Business statement credits available (Indeed, Dell, wireless, and others — partners rotate)
Mobile device insurance up to $1,500 per insured person for theft, loss or accidental damage when you charge or finance the device on the card

Cons

$799/year is one of the highest fees on any Canadian business card
Flat 1.25x earn rate with no bonus categories is uncompetitive for everyday business spend
Charge card structure requires paying in full monthly by default; the optional Flexible Payment Option carries a meaningful interest cost
Bundled statement credits only offset the fee if you actually use most of them

Rewards & Earn Rates

All purchases1.25 pts/$1flat rate, no bonus categories, no cap

This is a charge card, not a revolving credit card: balances are generally due in full each month. An optional Flexible Payment Option lets you carry a balance starting around 21.99%, rising to 25.99% or 29.99% after missed payments — confirm the exact current rate on Amex’s official page before applying.

Who It’s For

Best for

Business owners (including sole proprietors) who travel frequently and will use lounge access and the travel credit
Businesses that can make use of the rotating statement credits (Indeed, Dell, wireless, etc.)
Applicants comfortable with a charge-card, pay-in-full structure

Not ideal for

Businesses looking for the highest cash-back or points rate on everyday spend
Anyone who can’t reliably pay the balance in full most months
Cost-sensitive businesses that won’t use enough of the $799 fee’s worth of perks

Not Sure? Three Cards People Compare It With

All travel cards →

RBC Avion Visa Infinite

Pick this instead if you want a lower annual fee ($120).

Fee $120Rating 3.9 ★Bonus $1,120

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BMO VIPorter World Elite Mastercard

Pick this instead if you want a lower annual fee ($199).

Fee $199Rating 4.2 ★Bonus $1,050

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RBC Avion Visa Infinite Business Card

Pick this instead if you want a lower annual fee ($175).

Fee $175Rating 4.3 ★Bonus $1,175

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Frequently Asked Questions

What is the annual fee for the American Express Business Platinum Card?

The American Express Business Platinum Card has an annual fee of $799/year for the primary card; $250/year per additional Business Platinum card; supplementary Business Gold cards are free (up to 99).

What is the rewards rate on the American Express Business Platinum Card?

The American Express Business Platinum Card offers: Flat 1.25 Membership Rewards points per $1 on all purchases, no bonus categories, uncapped

Does the American Express Business Platinum Card have a welcome bonus?

Up to 120,000 Membership Rewards points Confirmed directly on amex.ca (Aug 2026): 80,000 points after $15,000 in purchases in the first 3 months, plus 40,000 points for a purchase made between months 15–17, for up to 120,000 total. The 130,000-point figure a secondary source cited is not reflected on Amex’s own current offer page.

What credit score do I need to qualify for the American Express Business Platinum Card?

Generally, you’ll want an excellent credit score to be considered for the American Express Business Platinum Card. Approval also depends on income and overall credit history, not credit score alone.

Does the American Express Business Platinum Card charge foreign transaction fees?

2.5%