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SME? Get 40,000 points with Amex Business Platinum

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If you have a small business, American Express Business Platinum offers you an easy route to a big Avios boost.

With American Express Business Platinum, you will receive a sign-up bonus of 40,000 Membership Rewards points (= 40,000 Avios or other miles).

You need to spend £6,000 within three months to receive the bonus.

You can find out more details about, and apply for, American Express Business Platinum here.

You may qualify for the sign-up bonus even if you think you don’t

Remember that it is easier to qualify for the sign-up bonus on the Business Platinum card than the personal Platinum card.

To get the 40,000 Membership Rewards points on signing up, you only need to have gone 13 MONTHS without any American Express card (personal or business) which earns Membership Rewards points.  The personal Platinum card requires you to wait 24 months.

However …. having Business Platinum does NOT stop you getting the bonus on personal Platinum later.  The rule on the personal Platinum card is that you can’t have had any PERSONAL card earning Membership Rewards points in the last 24 months.  Amex does not look at Business cards.  The Business Platinum card is a good way to fill the gap if you are waiting 24 months before you can reapply for personal Platinum.

Now let’s look at the card in more detail …..

Benefits of American Express Business Platinum

The card facts

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

The card is metal.

The sign-up bonus is 40,000 Membership Rewards points which requires you to spend £6,000 within your first three months of membership.  You qualify for the bonus as long as “[you do not] currently hold or have held any Membership Rewards enrolled American Express Card in the past 13 months.”

You earn 1 Membership Rewards points on virtually every £1 spent on the card.  These convert 1:1 into Avios, Virgin Points and lots of other airline and hotel programmes, plus Eurostar points (15:1).  You can also redeem for various shopping vouchers.  You can see the redemption options on the Membership Rewards website.

The annual fee is £595, refundable pro-rata if you cancel.  Additional Platinum supplementary cards after the first free one are now £295 – these cards receive all of the benefits below.  You can have 98 free Gold supplementary cards but these do not come with any benefits.

What are the criteria for applying for Amex Business Platinum?

There is no income requirement and no trading requirement.  You can apply even if you have just set up your business, as long as:

  • The business has a current UK Bank or Building Society account
  • You are aged 18 or over
  • You have a permanent UK home address

It is no longer a requirement that you have been in business for at least one year. You can be accepted even if you are not yet trading.

American Express Business Platinum review

What is the Amex Business Platinum benefits package?

Let’s look at what you get for £595.  For comparison, the annual fee on the personal Platinum card is now £575:

You will receive a free Priority Pass card.  Priority Pass is a network of 1,200 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 by allocating your one free supplementary Platinum Business card to them.  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 Business cardholders can get access, with a guest, by showing their Platinum card at the front desk.  You can also access American Express Centurion lounges with a guest, including the brand new Centurion Lounge in Heathrow Terminal 3.

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).  This is a substantially stronger insurance package than you get with the personal version of Platinum.  There is NO EXCESS to pay at any time, there is no requirement to use the Platinum Card to pay for anything 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.  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.

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.

There are only two negative points to note.  You do NOT receive Eurostar lounge access with Business Platinum.  This is only a benefit for holders of the personal version of The Platinum Card.  You also do not receive the £10 monthly Addison Lee taxi credit or the £100 of annual Harvey Nichols shopping credit.  On the upside, personal Platinum cardholders do not receive a subscription to The Times.


40,000 Membership Rewards points (worth 40,000 Avios or 60,000 Marriott Bonvoy points or 120,000 Radisson Rewards points or 40,000 Virgin Points etc etc) is an excellent return for getting this card.

Whilst the £595 annual fee is high, it would be refunded pro-rata if you decided after a few months that the card was not for you.

Remember that it is easier to get the bonus on Business Platinum compared to the personal version because it only requires you to have gone 13 months without a card earning Membership Rewards points.  The personal version requires to have gone 24 months without a personal card earning Membership Rewards points.

You can find out more about American Express Business Platinum, and apply, on the American Express website here.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibly to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points. The site discusses products offered by lenders but is not a lender itself. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as an independent credit broker.

Comments (15)

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

  • MingTheMerciless says:

    This is disappointing! When did the 13 month rule kick in? It used to be 6 months.

  • vol says:

    Hi, if a company is not yet trading, in the application section, what does the applicant put for income – is it ‘0’ or the projected annual income? Thank you

    • Rob says:

      I’d say either is acceptable, as long as you can justify the number if asked.

      • vol says:

        Thank you – I wonder why they left out the Eurostar lounge benefit? Or maybe they perceived that business people would more likely travel premier and gain lounge access that way…

        Also – I was wondering if this this particular card application shows up on your personal credit report when they make the application, or is it some separate process?

        • Rob says:

          I assume so as the card has personal liability.

          I spoke to Eurostar about this recently. It is their choice – Amex would like to offer it to all.

  • Flightsy says:

    Slightly related topic. Does anyone have a copy of the T&Cs for the 50,000 MR sign up bonus on the Business Amex Gold charge card that was an offer that ran for sign ups to 31 March 2022? I’m having trouble with Amex a) knowing about that offer – they are trying to say it’s 20,000 which is their current sign up offer; b) Acknowledging it’s 13 month break between MR account and not 24 months like they are trying to tell me.

    • Rob says:

      The call centre is really, really bad at this now. Email me the details and I’ll pass it to someone who can pass it to someone else who will hopefully fix it.

  • Keith says:

    Rob, excellent article. But more generally, other than card sign-ups, are there any other advantages (financial or more softer) to setting up and using a business vehicle to (I believe you can do this for £12 pa) to book and fund travel and accommodation?

    • Rob says:

      Not really, no, given that VAT reclaim and tax write offs are equally open to sole traders.

  • Joe says:

    Does platinum business work for fast track Heathrow and other locations where you just flash the card

  • Martin Clarke says:

    thanks for the great article as always. Am I right that car-hire excess insurance is also included (i.e. enabling you to refuse the extras they offer you at car pickup)?

    • Rob says:

      Good question. Not sure off top of my head but the insurance policy document is available on the card application page.

  • Joe says:

    Am I thinking that I can get BA business prior to Business Platinum then get both bonuses

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

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