The American Express Business Platinum card has got the largest signup bonus available because you get 75,000 American Express Membership Rewards points whenever you spend $7,000 within the first three months. I’ll get into more detail below, but 75,000 points are really valuable because you can transfer for them to numerous partners for example Aeroplan and SPG/Marriott.
Even though this is a business card, American Express has approved individual consumers for that card so don’t allow the “business” aspect stop you from trying to get the credit card. If you are searching to earn points fast, the American Express Business Platinum card may be the first card you should choose because you can eventually earn enough to redeem a company class around-the-world trip. Points aside, the extra benefits incorporated using the card are incredible and that’s why my American Express Business Platinum Canada review is positive. Keep studying for detailed information.
American Express business platinum benefits
- 75,000 Membership Rewards points signup bonus
- Earn 1.25 Membership Rewards points for every $1 spent
- Unlimited airport lounge access with Priority Pass
- Emergency Medical, Flight Delay / Cancellation, Lost / Delayed Luggage Insurance
- 55 interest-free days
- Employee Card Misuse Protection
- Disability Plan for Small Business
- $499 annual fee
Let’s check out this from the points perspective first. As pointed out, the 75,000 Membership Rewards points signup bonus when utilizing a referral link is the most you’ll get with with any credit card, but it’s important to charge $7,000 within the first 3 months to obtain points. The standard offers are 40,000 points with a $5,000 spend within the 3 months, so it’s quite the main difference.
Presuming you may make that spend, you’ll instantly get $750 in American Express Membership Rewards points which offsets the $499 fee. Admittedly, you’re only ahead by $251, but this is where the transfer partners come up.
You can transfer your points to Aeroplan in a 1:1 ratio. 75,000 Aeroplan points are sufficient for 3 return flights to LA from Toronto which worth $1,500 – $1,800.
An alternative choice together with your MR points would be to transfer these to Marriott in a 1,000:1,200 ratio. Which means the 60,000 Membership Rewards points signup bonus is equivalent to 72,000 Marriott Rewards points. Theses points are easily worth $1,000 in hotel stays.
The 1.25% Membership Rewards points earned per $1 spent is comparable to other business card . There is also limitless airport terminal lounge access that will attract frequent vacationers.
The business benefits
To date within my American Express Business Platinum Canada review, I’ve centered on points, but the choice to have this card for most people will truly come towards the business benefits.
As this is a charge card, there isn’t any limit. Additionally, you receive as much as 55 interest-free days which supports you manage your money flow while you concentrate on your company. That being stated, if you are late with payments, you’re paying at rate of 30%
Employee card misuse protection will make sure that you aren’t responsible for just about any qualified unauthorized transactions whenever you terminate any extra cardholders and cancel their cards within 2 working days. Coverage can reach to $100,000 to give you some reassurance.
The disability plan for small business is a fairly bonus since it’ll provide you with as much as $10,000 in benefits should you become permanently or totally disabled as a result of an accidental injuries. This amount increases to $25,000 after getting the credit card for 2 years and $50,000 for 5 years card membership. Note that you ought to have your personal disability insurance plan because this amount is virtually pennies when compared with what your lengthy-term disability expenses might be.
How does it compare to the American Express Platinum benefits?
The American Express Platinum and the American Express Business Platinum Canada offer a similar experience, but there a couple of subtle variations.
The earn rate around the Personal Platinum card is 3 points per $1 allocated to dining, 2 points per $1 allocated to travel, and 1 point per $1 allocated to other purchases. As you can tell, the private card earns you more points on dining and travel, however, if the most of your expenses don’t fall under individuals groups, the Platinum Card would enable you to get more points.
The private platinum card posses an annual travel credit of $200, it includes a greater annual fee of $699. The company platinum card has a 75,000 sign-up bonus when utilizing a referral instead of 60,000 using the personal platinum. To obtain the business bonus, you need to spend $7,000 within the first three months when compared with $5,000 using the personal platinum.
The American Express Business Platinum Canada also offers less hotel status upgrades when compared to American Express Platinum card
Final word
My American Express Business Platinum Canada review is positive. If you are searching to earn points fast, then there isn’t any other credit card available on the market that provides you this type of generous sign-up bonus. 75,000 points is definitely an insane amount! Yes, you have to spend $7,000 within the first three several weeks to obtain that bonus, the quantity of points you receive makes it worth while