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

A regular question I get asked by readers is how American Express Business Platinum differs from The Platinum Card.

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

(It seems we don’t have an article on how Business Gold differes from personal Preferred Rewards Gold – I’ll add it to the ‘to do’ list!)

SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on American Express Platinum is increased from 50,000 Membership Rewards points to a huge 80,000 points. Points convert 1:1 into Avios (80,000 Avios!) and many other programmes. Some people may see even higher personalised offers.  T&C apply, 18+, subject to status. Click here to apply.

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 Platinum 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. This page is not well promoted by Amex and a lot of Platinum cardholders don’t know it exists.

Airport lounge access

You will receive a free Priority Pass card.  Priority Pass is a network of 1,400 airport lounges across the world, including SEVEN in London Heathrow.  This includes the Club Aspire and Plaza Premium lounges 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 can also access American Express Centurion lounges with a guest, including the Centurion Lounge in Heathrow Terminal 3.

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 – 36 brands in total.

You will receive Premium status in the Radisson Rewards hotel loyalty scheme.  This will give added benefits at Radisson Blu / RED / Individuals, Park Plaza and Park Inn hotels. One key benefit of Premium is the ability to activate ‘Discount Booster’ and receive an additional cash discount of c 10% in return for earning fewer points.

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 (hotels in the US give a cash credit instead towards any F&B spend).  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.

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 more offers on The Platinum Card than Business Platinum. The offers on Business Platinum are slightly more business-driven. It is rare for any of the generous hotel cashback offers we cover on HfP to appear on Business Platinum.

The following benefits are exclusive to American Express Business Platinum

• You receive a £200 annual Amex Travel credit. This is awarded per membership year, not per calendar year. You receive £200 off a £200+ transaction at Amex Travel (flight or hotel) which is pre-paid. This is as good as cash to most HfP readers.

• You receive a monthly 10,000 points bonus whenever you spend £10,000 in a statement month. If you spent exactly £10,000 per month – which is obviously unlikely – this would mean that you were earning an average of 2 points per £1, the most generous rate of any UK payment card.

• 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.

• You receive £300 credit per year to spend with online recruitment group Indeed. No minimum spend applies. The credit is split into one x £75 cashback for each calendar quarter.

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

• You receive £400 per year of dining credit. This is split into two chunks – £200 per calendar year to spend at roughly 160 UK restaurants (credited at £100 per half year) and £200 equivalent per calendar year to spend at 1,200+ international restaurants (credited at £100 per half year).

• You receive £100 per year of Harvey Nichols credit, split into a £50 credit for each half-calendar year. You can order items instore or online. This offer ends on 30th June 2025.

• 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.

The following benefits differ between Business Platinum and The Platinum Card

Card structure

The Platinum Card (personal) is issued as a credit card.

The representative APR is 694.9% variable, including the annual fee.  The representative APR on purchases is 30.0% variable.

American Express Business Platinum remains a charge card, meaning that you MUST repay your balance in full every month.

In reality, since I doubt many of our readers pay interest on the credit card balances, this is not a key difference.

Annual fee

Both cards have an annual fee of £650 per year.

Annual fees are tax deductible for the percentage of spending which is done for business purposes. This applies to both the personal and business card.

Both cards require a personal minimum income of £35,000 per year. Amex still looks at your personal income even if you are applying for Business Platinum.

Both cards can be cancelled at any point for a pro-rata refund. Plans by Amex to remove pro-rata fee refunds on its credit cards in 2024 were dropped.

Sign-up bonus

The Platinum Card (personal) has a bonus of 50,000 Membership Rewards points. Business Platinum also has a bonus of 50,000 Membership Rewards points.

SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on American Express Platinum is increased from 50,000 Membership Rewards points to a huge 80,000 points. Points convert 1:1 into Avios (80,000 Avios!) and many other programmes. Some people may see even higher personalised offers.  T&C apply, 18+, subject to status. Click here to apply.

The sign-up bonus rules are different between the two cards even though the bonus is the same:

• There are no restrictions on receiving the sign-up bonus on Business Platinum, regardless of other American Express cards you hold or have recently held

• You only receive the bonus on The Platinum Card if you have not had any PERSONAL Membership Rewards cards – Gold, Green, Platinum etc – in the previous 24 months. Business cards are not considered. BA, Marriott, Nectar, Harrods etc Amex cards do not stop you getting the Platinum bonus.

This means than an existing holder of Business Platinum could NOT get The Platinum Card bonus but an existing holder of The Platinum Card COULD 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 are fewer 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. Note the restrictions on pre-existing conditions.

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, because when I consider the benefits which are unique to each card:

• 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 this ends in June 2025). It is easy to use the £200 of UK dining credit each calendar year, although using the £200 of international credit requires a little more planning.

• I have come to value the free subscription to The Times and The Sunday Times via Business Platinum. It is easy for me to use the £200 of annual Amex Travel credit. 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.

SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on American Express Platinum is increased from 50,000 Membership Rewards points to a huge 80,000 points. Points convert 1:1 into Avios (80,000 Avios!) and many other programmes. Some people may see even higher personalised offers.  T&C apply, 18+, subject to status. Click here to apply.