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Amex Business Platinum vs personal Platinum – what’s the difference?

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A regular question I get asked by readers is how American Express Business Platinum differs from The Platinum Card, apart from the obvious £20 difference in annual fee.

As American Express Platinum (the personal card) is still offering the biggest ‘open to all’ sign-up bonus ever seen60,000 Membership Rewards points, worth 60,000 Avios – I thought it was worth covering in full.

We have a similar article on how American Express Platinum differs from American Express Preferred Rewards Gold which you can find here.

American Express Business Platinum personal Platinum differences

What benefits are shared between American Express Business Platinum and personal Platinum?

Before we get onto the differences, which are modest, let’s look at the benefits which both cards share.

Note that this list is not comprehensive – I have focused on the travel related benefits – and you should study the Amex Business website and The Platinum Card website for full details.

You can opt in for most of these benefits via this page of the American Express website.

Airport lounge access

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 via your free supplementary Platinum card.  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.  This means that a family of four can get into a lounge if you give your partner the second card.

You will receive access to the Plaza Premium Lounges in Heathrow Terminal 5 and Gatwick’s North Terminal.  These not Priority Pass lounges but American Express Platinum cardholders can get access, with a guest, by showing their Platinum card at the front desk. The same applies to all other Plaza Premium lounges globally. Note that the other UK lounges (Heathrow Terminal 4 departures and the arrivals lounges in Terminals 2, 3 and 4) have not yet reopened.

Amex Business Platinum and personal Platinum differences

Hotel status

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 / Individuals, 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.

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

Hotel booking benefits

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.

You receive £150 or equivalent cashback when you book a onefinestay home rental.  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.

Day to day earning

Both cards earn 1 Membership Rewards point per £1 spent on the card, with a few exceptions.

Both cards receive Amex Offers for making purchases at specific merchants. In my personal experience, I receive slightly more offers on The Platinum Card than Business Platinum. The offers on Business Platinum are not, in general, business-focused.

Differences between Amex business platinum and personal platinum

The following benefits are exclusive to American Express Business Platinum

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 have come to value this benefit and would probably continue to pay for it even if I cancelled my Business Platinum card.

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.

The following benefits are exclusive to The Platinum Card (personal)

You receive Eurostar lounge access irrespective of your class of travel. You cannot bring a guest but your partner could accompany you if you issued them with the free supplementary Platinum card. Staff will often allow children in at quiet times but this is not guaranteed and a family may be turned away.

You receive £10 per month of Addison Lee taxi credit. This is only useful if you live or work in or around London and you will struggle to get a car if you do not pre-book well in advance. The credit is not cumulative if not used in a particular month.

You receive £100 per year of Harvey Nichols credit, split into a £50 credit for each half-year. You can order items instore or online.

Differences between business and personal american express platinum cards

The following benefits differ between Business Platinum and The Platinum Card

Annual fee

American Express Business Platinum is £595 per year whilst The Platinum Card is £575.

Annual fees are refundable pro-rata if you cancel during the year.

Annual fees are tax deductible for the percentage of spending which is done for business purposes.

Sign-up bonus

The Platinum Card (personal) currently has a sign-up bonus of 60,000 Membership Rewards points.

In normal times, The Platinum Card has a bonus of 30,000 Membership Rewards points. Business Platinum has a bonus of 40,000 Membership Rewards points.

The sign-up bonus rules are different between the two cards:

  • You receive the bonus on Business Platinum if you have not had any Membership Rewards card, personal or business, in the previous 13 months
  • You receive the bonus on The Platinum Card if you have not had any personal Membership Rewards card (Business cards are not counted) in the previous 24 months

This means than an existing holder of Business Platinum could get The Platinum Card bonus but an existing holder of The Platinum Card could not get the Business Platinum bonus.

Travel insurance

Both cards come with comprehensive travel insurance.  The coverage with Business Platinum is stronger in some areas – you are covered up to the age of 80 (vs 70 for The Platinum Card) and there is no requirement to pay for anything on American Express to receive full coverage.

Even if you are not between 70-80 yourself, remember that you can cover family members by issuing free supplementary cards to them, up to the limits allowed by each card.

I strongly recommend you read the policy documents for each card, available via the application websites here and here, if this is important to you.

Supplementary card bonuses

Both cards can offer a bonuses for adding your first supplementary card.

The offer is seeming permanent for personal Platinum via this page of the Amex website. There is no offer at present on this page of the Amex website for business cardholders.

Business Platinum has regular offers of 5,000 bonus Membership Rewards for adding even more supplementary cards. You can earn up to 25,000 points this way.

Refer a friend bonuses

Both cards allow you to earn up to 90,000 Membership Rewards points per calendar year by referring friends for American Express cards.

Business Platinum cardholders receive a higher bonus of 18,000 points per successful referral, compared to 12,000 points for holders of The Platinum Card. These numbers are often higher during regular promotions.

Conclusion

There is no obvious answer to the question of whether American Express Business Platinum is better than The Platinum Card ……

….. assuming, of course, that you have some sort of business – or are in the process of launching one – and so qualify for Business Platinum.

I have both cards, so I get the best of both worlds. I would find it difficult to choose if I had to:

  • I value the Eurostar lounge access on my personal card, and living in London I ensure I use the £100 of Harvey Nichols credit (although it has become increasingly hard to use the Addison Lee credit in recent months due to their acute driver shortage)
  • I have come to value the free subscription to The Times and The Sunday Times via Business Platinum. If I paid for this it would cost £180 per year for smartphone-only access and £312 for an identical package to the Amex one. I have also ordered the odd Dell item with my free credit.

More information

Please take a look at the official American Express websites if you require additional information about any of these benefits, especially insurance.

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

The Platinum Card website for the personal card, which contains full details and the application form, is here.

The doubled 60,000 point bonus on The Platinum Card (personal) ends on 1st June.


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

If you are looking to apply for a new credit or charge 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. 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.

The Platinum Card has doubled its sign-up bonus to 60,000 Membership Rewards points, which convert to 60,000 Avios or other airline miles, if you apply by 1st June 2022.

British Airways BA Premium Plus American Express Amex credit card

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 Amex Gold

American Express Preferred Rewards Gold

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

American Express Platinum card Amex

The Platinum Card from American Express

60,000 points (SPECIAL OFFER) and an unbeatable set of travel benefits – for a fee Read our full review

Virgin Rewards Plus credit card

Virgin Atlantic Reward+ Mastercard

30,000 points bonus (SPECIAL OFFER) 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:

Amex Platinum Business American Express

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits 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 card

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 Visa card

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 (3% on business travel for four months) and no annual fee Read our full review

Comments (47)

  • lumma says:

    It’s a shame you can’t get some money off the annual fee if you don’t want the supplementary card for the extra priority pass.

    I’m single and travel a lot but I don’t know anyone else who would really value it. Unless you can flog the pass on eBay?

  • Leo says:

    Wondering what is ‘car hire insurance’ benefit in practice.
    I am yet to find a car rental provider, in the UK or Europe, that will not force to take on CDW cover – so where does AMEX benefit come to play?

    • Rob says:

      All countries have different legal minimums. You can’t get around that – they can’t be waived. In the UK it seems to be around £750 of cover is legally required to be included in your rental.

      However, the cover they try to sell you beyond that – and let’s be frank, £750 doesn’t cover much these days in terms of repairing a car – you can refuse to buy.

  • Deb20 says:

    The credit of £50 at Harvey Nichols (I registered for it as soon as it became available) hasn’t worked for me. Need to follow up I guess. A previous John Lewis cash back (statement credit) offer didn’t work either and I forgot all about it until this article.

    • dougzz99 says:

      Worked fine for me, couple of bottles of perfectly acceptable champagne for free. Some others suggested the champagne was poor, but no complaints here.

  • SteveJ says:

    @Rob is there an article somewhere around what constitutes a business? Does having a buy to let property count? Always ignored these business cards but wonder if I am missing a trick.

    • Rob says:

      If you think it’s a business, it’s a business. No published restrictions. Amex gets bigger fees from shops on business cards so ….

  • David says:

    One question please, I want to get card just for the lounge pass when doing 2 months of travel? I then want to cancel for pro rata refund. How many months later can I re open solely again for the lounge pass? Thanks

    • Rob says:

      Amex doesn’t have a rule, as far as we know. Not sure what they will do to decide but as you don’t qualify for the bonus they may be more lenient than usual.

  • Boi says:

    If I have both personal and business plat, and hubby has either card- can a family of 5 use the lounge for free? Ie, can I let in 2 kids on each of my cards at the same time?

    • Rob says:

      Up to the lounge of course, but you’d expect they’d see the benefit for them in doing so.

      • Russel says:

        what benefit is it for them?

        • lumma says:

          They get paid by priority pass each time an entry is given and as it’s a kid, they’re not likely to cost the lounge much in terms of food and drink

          • Boi says:

            Thanks for replies. Will try it next time.

            I have to say Toronto lounge was one of the worst value I have been in.
            Hubby ended up going to find (paid) food outside

  • MW says:

    Can anyone point me to what benefits additional Gold cardholders get (if any). For example, so they get travel insurance or not? I imagine they are not getting PP as that sounds require an additional platinum card.

    • Rob says:

      You get the travel insurance, yes. That’s it in terms of key benefits. You need to pay £295 if you want Priority Pass, hotel status etc as an extra supplementary Platinum.

      • MW says:

        Thanks, Rob.

        I am trying to figure out if it’s worth issuing gold cards to my in-laws and my mum for those benefits.

        I see the requirements extend to being a committee member so it looks like I could appoint them to an advisory committee (non-remunerated role) and use benefits that way. Platinum supplementary card becomes an option also

        Does this approach look reasonable or slightly Peter Ian Staker-ish?

        • Rob says:

          If there are requrements you should probably meet them, because any insurance company facing a big pay out may have a sniff around to see if you’ve failed to trigger any of the small print.

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