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LAST CALL: Get 100,000 points with American Express Business Platinum – full card review

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This week is your final week to get the biggest sign-up bonuses ever seen on a UK payment card.

These are, genuinely, on a scale unlike anything we have seen before. If you or someone you know qualifies, you should seriously think about applying. It simply won’t get any better.

American Express Business Platinum is offering 100,000 Membership Rewards points, worth 100,000 Avios, if you apply by 31st March. You can apply here.

(Whilst this article is about Business Platinum, don’t forget American Express Business Gold. It comes with a bonus of 50,000 Membership Rewards points and is free for the first year, although you must spend £5,000 within three months to trigger it. You can apply for Business Gold here.)

Review American Express Business Platinum card uk

The key facts about American Express Business Platinum

In today’s article, I want to look more closely at American Express Business Platinum. Here are the key things you need to know:

  • American Express Business Platinum has a £595 annual fee, refunded pro-rata if you cancel
  • You receive a sign-up bonus of 100,000 Membership Rewards points
  • You need to spend £10,000 in three months to qualify for the bonus
  • This offer ends on 31st March 2022

Key link: American Express Business Platinum charge card application page

Why Amex Business Platinum?

The American Express Business Platinum charge card is issued directly by American Express.

The Amex business cards are aimed mainly at small businesses and sole traders. The criteria for applying are fairly lenient – whilst this is a Platinum card, the terms are identical to the Business Gold card:

  • The business has a UK bank account
  • The business has no County Court Judgements against it
  • You are over 18
  • You have a permanent UK home address

There are no turnover or profitability requirements for the company itself.  There is no longer any requirement to have been in business for one year – you can now apply as soon as you have a bank account.

If you are sole trader, you do not need to have a dedicated business bank account.

Note that the American Express Business Platinum card is a charge card, not a credit card. You MUST clear your balance in full at the end of each month.

What is the Amex Business Platinum sign-up bonus?

Until 31st March, you will receive 100,000 American Express Membership Rewards points when you spend £10,000 within three months. This is an exceptionally generous incentive.

To put it in context, until this offer first ran last year, I had never – in the 20 years I have been interested in miles and points – seen a bonus as high as 100,000 points. In fact, I have never seen a bonus higher than 50,000 points before. This offer smashes anything the UK has ever seen out of the park.

The standard bonus on this card is just 30,000 Membership Rewards points.

What can I do with 100,000 Membership Rewards points?

Membership Rewards points can be converted into a range of goodies.  The most valuable options are converting into frequent flyer miles (including Avios points and Virgin Flying Club) at a ratio of 1:1.  This means that the sign-up bonus is worth 100,000 Avios or 100,000 Virgin Points.

Amex points also convert into Hilton Honors (at 1:2), Marriott Bonvoy (at 2:3) and Radisson Rewards at a generous 1:3.

There are also a lot of non-travel redemptions including retailer gift cards, but the best value will come from travel redemptions.

Do you qualify for the 100,000 points?

American Express states on the Business Platinum website that “you will not receive the sign-up bonus if you have held a Membership Rewards enrolled card [ie Platinum, Gold or Green American Express card] in the 13 months before you apply.”  This includes personal and business cards.

Note that the rule here only looks back 13 months. This is more generous than personal American Express cards, where they look back 24 months.

For clarity, you will definitely receive the sign-up bonus if you already have, or recently had, a British Airways Amex, Marriott Bonvoy Amex, Nectar Amex, Harrods Amex or Platinum Cashback Amex.

You are also OK if you have the British Airways Accelerating Business SME card.

American Express Business Platinum card review

Any other benefits?

As usual, American Express adds a lot of bells and whistles to the Platinum Business card:

You will receive a free Priority Pass card.  Priority Pass is a network of 1,300 airport lounges across the world, including eight in London Heathrow.  This includes the Aspire lounge in BA’s Heathrow Terminal 5.  Your Priority Pass allows an unlimited number of free visits to their lounges.  You can also bring in a guest for free.

You can also give a Priority Pass card to a second person.  If this is your partner or spouse, you would both be able to get into the lounge for free and each bring in a free guest, so a family of four is covered.  Additional guests would be charged at £20 each.

You will receive access to the Plaza Premium Lounge in Heathrow Terminal 5.  This is not a Priority Pass lounge but American Express Platinum cardholders can get access, with a guest, by showing their Platinum card at the front desk. Plaza Premium also gets you into impressive lounges in Heathrow Terminal 2 and Gatwick’s North Terminal (the old Virgin Atlantic clubhouse).

You will receive comprehensive travel insurance.  This is a very valuable benefit because of the high level of coverage available – you can take a look at the policy document here (PDF).  Unlike the personal Platinum Amex card, which has weaker coverage, the insurance available on the Business product remains gold plated, in my opinion.  There is NO EXCESS to pay at any time and you are covered up to the age of 80.

You will receive Gold status in the Marriott Bonvoy hotel loyalty scheme.  This will give added benefits at Marriott, Renaissance, Sheraton, Westin, W, aloft, St Regis, The Ritz-Carlton, The Luxury Collection etc properties – almost 30 brands in total.

You will receive Gold status in the Radisson Rewards hotel loyalty scheme.  This will give added benefits at Radisson Blu / RED, Park Plaza and Park Inn hotels.

You will receive Gold status in the Hilton Honors hotel loyalty scheme.  This is the best mid-tier hotel status to have, because you get free breakfast with it.  You will get benefits at Hilton, Waldorf Astoria, Hampton, Curio etc.

You will receive Gold status in the MeliaRewards hotel loyalty scheme.  You will get benefits at Melia and INNSIDE hotels, with benefits including three 20% discount vouchers each year and ‘2 for 1’ breakfast.

You receive £150 or equivalent cashback when you book a onefinestay home rental.  This benefits was also introduced to the personal Platinum card last month.  You can use this benefit an unlimited number of times.  There are no ‘cheap’ properties with onefinestay, however, and combined with a minimum stay requirement it is virtually impossible to spend less than £600.

You receive a free digital subscription to The Times and The Sunday Times.  This is worth over £300, and if you currently pay for this it is a huge incentive to take out the card. I find the iPhone app very good and this has been a genuinely useful addition to my life.

You receive £150 credit per year to spend with Dell. No minimum spend applies but the credit is split into two parts. You can earn £75 cashback between January and June and £75 cashback between July and December.

You can access the Amex Fine Hotels & Resorts Programme.  This offers genuine added value benefits at a large number of luxury hotels across the world.  These include a GUARANTEED 4pm check-out, free breakfast, an upgrade if available at check-in and typically a $100 credit towards on-property spending.

There are also benefits with Avis Preferred and Hertz Gold Plus Rewards but these are, in all honesty, no better than deals that are generally available.

What is the Amex Business Platinum annual fee?

The annual fee for American Express Business Platinum is £595, billed with your first statement and then annually thereafter.

The fee is refundable, pro-rata, if you decide to cancel at any point.  Once you have banked your 100,000 Membership Rewards points bonus, you may want to reconsider if you are getting full value from all of the benefits.

You will receive one consolidated statement showing the spend on your card and all of the supplementary cards. All of the Membership Rewards points earned on the supplementary cards will flow into your personal account.

Depending on when in your monthly cycle you make a payment, you will effectively receive up to 54 days free credit on your spending.

American Express statements provide more underlying transaction detail for flights and certain other transactions than Visa or Mastercard statements, making it easier to reconcile transactions.

What do I earn per £1 spent on the card?

You receive 1 Membership Rewards point per £1 spent on the card.

What is a Membership Rewards point worth?

Anything from ‘quite a bit’ to ‘a lot’ is the answer.   This article outlines my view on the most valuable American Express Membership Rewards transfer options.

In the very worse case, you can transfer your 100,000 Membership Rewards points into 100,000 Avios and onwards into 160,000 Nectar points. 160,000 Nectar points will get you £800 to spend at Sainsbury’s, Argos or eBay.

£800 is the worse case scenario for your 100,000 bonus points on Business Platinum, remember. You should be able to get more value than that if you use your points for a premium cabin air miles redemption.

Some of the hotel programmes also offer good value. Radisson Rewards (the Radisson, Park Plaza and Park Inn scheme) transfers at 1:3 from Membership Rewards, for example. Their top hotels cost 75,000 points per night so 25,000 Membership Rewards points. This is easily 1p per point of value.  That would make your sign-up bonus worth £1,000.

You can take a look at the full list of American Express Membership Rewards redemption options here.

Any downsides?

As with all Amex business cards, the only major issue with Amex Business Platinum is the lack of acceptance by some suppliers.

Realistically, you will need to have a Visa or Mastercard as well to ensure that you can always get a card accepted.  I recommend the Capital On Tap Business Rewards Visa credit card.  Capital On Tap offers 10,000 Avios for signing up – plus an extra 500 points for HfP readers – and a very generous earning rate of 1 Avios per £1.

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company Read our full review

The Head for Points verdict:

If you are a sole trader or own a small business (even a service company) then the American Express Business Platinum card has always been worth a look. We have the card here at Head for Points, with Rhys as my supplementary cardholder, and it works well.

The 100,000 Membership Rewards points for signing up is an astonishing extra incentive. 100,000 Avios, for example, would get you an off-peak return Club World flight from London to New York. Convert 90,000 points to 90,000 Emirates Skywards miles and you can fly in Emirates A380 Business Class to Dubai and back. Taxes and charges apply, of course.

You also benefit from the comprehensive travel insurance, Priority Pass and hotel status cards, The Times digital subscription, the £150 of annual Dell credit etc which add a lot of value.

How to apply

The official Amex Business Platinum website, which contains full details and the application form, is here.

You must apply by 31st March to receive the 100,000 Membership Rewards points sign-up bonus.

Want to earn more points from credit cards? – November 2022 update

If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

25,000 Avios for signing up and an upgrade voucher for spending £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher for spending £20,000 Read our full review

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review

The Platinum Card from American Express

30,000 points and unbeatable travel benefits – for a fee Read our full review

Virgin Atlantic Reward+ Mastercard

15,000 points bonus and 1.5 points for every £1 you spend Read our full review

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers:

American Express Business Platinum

40,000 points sign-up bonus and a £200 Amex Travel credit every year Read our full review

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company Read our full review

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.

Barclaycard Select Cashback credit card

1% cashback and no annual fee Read our full review

Comments (24)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • gordon says:

    I received a call from my Amex business representative on Wednesday.And I mentioned to her the frustration of not being able to use the card with many of the supply companies I deal with. And she mentioned that if the company accept PayPal as a means of payment just link the card to PayPal. Maybe this has been in a previous article?. But thought I would share.

    • Rob says:

      We’ve done articles on this BUT retailers can also block Amex via Paypal if they choose.

  • Rob says:


    I currently have the Amazon Business Amex. Would I still be eligible for the 100k bonus ?

  • Angelamc11 says:

    I have just successfully applied for this card, thank you for the details.

    Does it have FX fees and if so is there anyway to circumvent this? If I cancel after hitting the bonus do I lose all the benefits?

    I pay my registered childminder £400 per month Via PayPal friends and family – can I use the card for this or must it be a PayPal business?

    Any way of paying my Halifax mortgage payments with it?


    • Rob says:

      3% FX fee.

      Not sure about linking to Paypal or not.

      Can’t pay the mortgage.

      You lose the Priority Pass as soon as you cancel (it is deactivated) but you’d keep all the hotel status benefits until they naturally expire at year end.

  • Jimc says:

    Rob. As an existing Amex customer do you know if they run a hard credit search if I apply for this card (they didn’t when I added a BA Business Amex)

    I’m going through a mortgage application right now so this would be a factor for me.

  • Matthew Wearmouth says:

    Hi @rob the Amex gold business use to have a 6 months churn and burn period (and was only looking at same card type, i.e. business cards) but looks like the Amex plat has a longer period of 13 months. On 31st march it will have been 6 months and 1 day since I cancelled my Amex gold business. Guess I’m not able to get the 100,000 welcome bonus on 31st march?

    • Rob says:

      No. But you will be OK for the standard bonus when it returns on 1st April.

      • Matthew Wearmouth says:

        Thanks rob. Fingers crossed the usual 6 months period returns from 1st.

      • Matthew Wearmouth says:

        Rob – standard bonus is back BUT the terms are now 13 months. I’m sure they use to be 6 months. Or am I imagining things?!

        “ Business Gold or Business Platinum Cardmembers who are enrolled of have been enrolled in the Membership Rewards programme in the last 13 months, are not eligible for the bonus.”

        At least it’s not all personal and business card families and is still business only.

  • Matt says:

    Could I get sign up bobina by paying my corporation tax with this directly with HMRC or would I have to go via Billhop? (I.e. are direct HMRC tax payments classed as “purchases” for the purposes of the bonus?)

    • Matt says:

      Obviously I meant “bonus” rather than “bobina”. I don’t know what or who a “bobina” is but my iPhone autocorrect seems to think I should!

    • Rob says:

      Would need to be Billhop.

  • Freddy says:

    Amex have asked for some documentation which I’ve now provided. Will they try and wriggle out of the bonus if the card is opened after 31st?

    It does say apply before 31st and I’ve done that

    • Rob says:

      You’ll be fine if the wording says ‘apply by’, which I think it does after all the bother last year …..

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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