American Express Business Platinum Card Canada: Is It Worth $799?

Introduction

The American Express Business Platinum Card is a premium option for Canadian business owners who prioritize luxury travel. Designed for high-spending businesses and frequent travellers, this card stands out with its exceptional rewards, unparalleled travel benefits, and powerful expense management tools. Whether you’re a well-established business or a growing startup, the Business Platinum Card offers exceptional value for those who know how to maximize it.

Quick Highlights:

• Welcome Bonus: Up to 150,000 Membership Rewards points (valued at $1,500).
• Earning Rates: 1.25x points on eligible purchases.
• Exclusive Benefits: Lounge access, elite hotel status, comprehensive insurance, and more.

Unlock Up to $1,500 in Rewards: Limited-Time Welcome Bonus!

The American Express Business Platinum Card is currently offering one of the most lucrative welcome bonuses in Canada—but it’s only available for a limited time!

• Initial Offer: Earn 110,000 Membership Rewards points by spending $15,000 in the first three months.
• Additional Bonus: Earn 40,000 points when you make a purchase between months 14–17 of your membership.
• Total Welcome Bonus: Up to 150,000 points, valued at $1,500 (1¢ per point).

Important: Limited-Time Offer

This offer expires on Tuesday, January 28, 2025. Don’t miss out on your chance to earn these incredible rewards. Apply for the Business Platinum Card today!

Tips for Meeting the Spend Requirement:

• Use the card for large, recurring expenses like marketing campaigns, inventory, or payroll.
• Consolidate travel bookings or major one-time purchases to hit the required thresholds.

Take advantage of this exclusive offer now!

Card Details

Key Features:

• Annual Fee: CA$799 per year.
• Additional Card Fees:
  • $250 for full-benefits cards.
  • $0 for employee Gold Cards.
• Foreign Transaction Fee: 2.50%.
• Purchase Interest Rate: 21.99%–30.00% (variable).
• No Pre-Set Spending Limit: Offers dynamic spending power based on your card usage and payment history.

Ready to unlock these premium benefits for your business? Sign up now!

Rewards Redemption: Flexible and High-Value Options

One of the standout features of the Business Platinum Card is the flexibility and value of its Membership Rewards program.

Redeeming Points for Travel

Travel redemptions offer the most value, especially when transferring points to airline and hotel loyalty programs. Here are some of the key ways to maximize your points:

1. Transfer Points to Partners
   Convert your Membership Rewards points to travel loyalty programs like Aeroplan, Avios, Marriott Bonvoy, and Hilton Honors.
2. Fixed Points Travel Program
   Use the Amex Fixed Points Travel program to book round-trip flights at a fixed point rate, regardless of cash prices.
3. Flexible Points Travel Program
   Redeem points for virtually any travel expense through the Flexible Points Travel Program, where 1,000 points = $10 credit.
4. Amex Travel Portal
   Book travel directly through the Amex Travel Portal for convenience and flexibility.

With endless travel possibilities, the Business Platinum Card can take your business to the next level. Apply today!

Card Benefits

The American Express Business Platinum Card has an extensive range of benefits, making it one of the most sought-after premium business cards in Canada.

Premium Lounge Access: Travel in Comfort

• Priority Pass Membership: Unlimited access to over 1,400 lounges worldwide, featuring complimentary food, drinks, and Wi-Fi.
• Centurion Lounges: Experience luxury with gourmet dining, premium beverages, and quiet relaxation spaces.
• Plaza Premium Lounges: Access these exclusive lounges at major Canadian and international airports for a peaceful pre-flight retreat.
• Delta Sky Club: Relax at Delta Sky Club lounges when flying Delta Airlines.
• Toronto Pearson Perks:
  • Complimentary valet service.
  • Priority security lane access for faster check-ins.
  • Discounts on parking and car detailing services.

These benefits ensure every travel experience is smooth and luxurious. Start enjoying lounge access today!

Comprehensive Insurance Coverage

Travel with peace of mind thanks to some of the most robust insurance options available:

• Emergency Medical Insurance: Up to $5,000,000 in coverage for eligible medical emergencies abroad.
• Trip Cancellation/Interruption Insurance: Up to $1,500 per person (or $6,000 per trip) for cancellations or interruptions.
• Lost or Stolen Baggage Insurance: Coverage of up to $1,000 per trip.
• Flight Delay Insurance: Up to $1,000 for essential expenses after a delay of four hours or more.
• Car Rental Theft & Damage Insurance: Automatic coverage when you charge your rental to the card, saving you costly fees.

Credit Rewards

The Business Platinum Card helps your business save while rewarding you for everyday expenses:

• $200 Annual Travel Credit: Automatically applied to offset travel costs.
• $120 Wireless Services Credit: Save on eligible wireless service charges.
• $200 Dell Credit: Use for Dell purchases to support your business needs.
• $300 Indeed Credit: Invest in hiring the right talent with statement credits.
• $100 NEXUS Credit: Receive a statement credit for your NEXUS application or renewal every four years.

Hotel and Travel Perks

• Marriott Bonvoy Gold Elite Status: Enjoy late check-outs, room upgrades, and bonus points.
• Hilton Honors Gold Status: Includes free breakfast, upgrades, and additional points on every stay.
• Fine Hotels + Resorts Benefits: Enjoy perks like daily breakfast for two, late check-out, and property credits valued at $600 USD per stay.
• Flexible Payment Options: Manage business expenses with no pre-set spending limit and flexible repayment options.

How to Get Approved for the Business Platinum Card in Canada

Securing approval for the American Express Business Platinum Card requires meeting specific eligibility criteria. While this card is designed for high-spending business owners, understanding the requirements can improve your chances of success.

Key Approval Factors

1. Credit Score
   • A very good credit score (740+) significantly increases your chances of approval. If your score is below this threshold, consider improving your credit by reducing debt and making consistent, on-time payments before applying.
2. Income Requirements
   • While there isn’t a publicly stated minimum income, applicants typically have high business revenue to qualify. Examples of businesses earning $100,000–$250,000 annually, such as mid-sized companies or growing startups, are ideal cardmembers.
3. Business Information
   • Provide details about your business, including:
     • Business name.
     • Registration number.
     • Proof of financial stability.
   • Having clear and accurate records demonstrates professionalism and increases your likelihood of approval.
4. Age Requirement
   • Applicants must be of the age of majority in their province or territory. Ensure all application details meet legal requirements for age and identity.

Tips to Increase Approval Odds

• Establish a Positive Credit History: Ensure your personal and business credit scores are strong. Pay off existing debts and avoid recent missed payments.
• Demonstrate Financial Stability: Include all relevant financial documents, such as bank statements or revenue reports, to showcase your business’s financial health.
• Apply at the Right Time: If you’re planning major business investments, such as equipment or travel, align your application to capitalize on the welcome bonus spend requirements.

How to Earn the Referral Bonus with the Amex Business Platinum Card in Canada

The American Express Business Platinum Card offers an additional way to earn points through its referral program. Sharing the card’s benefits with colleagues or friends can reward you with substantial Membership Rewards points:

1. How It Works:
   • Share your personalized referral link with others.
   • When someone applies through your link and gets approved, you earn Membership Rewards points as a referral bonus.
2. Current Referral Offer:
   • Earn 15,000 Membership Rewards points for every approved referral.
   • You can refer up to 15 people per year, allowing you to earn up to 225,000 points annually.
3. Sharing Your Link:
   • Access your referral link through your Amex online account.
   • Share it via email, social media, or directly with your professional network.
4. Extra Value:
   • Combine the referral bonus with your regular earning rates to maximize your Membership Rewards points.
   • Use the bonus points for travel, statement credits, or transferring to loyalty partners for even greater value.

Example Scenario:

If you refer five colleagues who are approved for the card, you could earn:

• 5 referrals x 15,000 points = 75,000 points.
  These points can be redeemed for $750 in travel credits or transferred to a loyalty partner for even more value.

Encourage your network to take advantage of the limited-time welcome bonus, and boost your own points balance at the same time!

Ready to earn even more rewards? Apply today for the Business Platinum Card in Canada and start sharing your referral link to build your points balance!

Conclusion: Is the American Express Business Platinum Card Worth the $799 Annual Fee?

The Amex Business Platinum Card in Canada undeniably comes with a high annual fee, but for the right business owner, the value far exceeds the cost. If you’re a frequent traveller, the card’s extensive lounge access, premium travel benefits, and insurance coverage deliver unmatched convenience and comfort.

The 150,000 Membership Rewards points welcome bonus, which alone is worth $1,500, more than offsets the annual fee in the first year. Ongoing benefits like the $200 annual travel credit, elite hotel statuses, and statement credits for wireless, Dell, and Indeed further enhance the card’s value.

This card is ideal for businesses with high spending and frequent travel needs, especially those that can maximize rewards through Membership Rewards redemptions or referrals. However, if your spending is lower or you can’t fully use the travel benefits, there are more cost-effective options like the Amex Business Gold Card, or Amex Aeroplan Business Reserve Cards.

Final Verdict:

For high-revenue businesses and frequent travellers who value premium benefits and rewards flexibility, the American Express Business Platinum Card is absolutely worth the $799 annual fee. Apply today to unlock these exclusive benefits and take your business to the next level!

Act Fast!

The current welcome bonus offer expires Tuesday, January 28, 2025. Don’t miss your chance to earn up to 150,000 Membership Rewards points and unlock a world of premium benefits.

Click here to apply for the Business Platinum Card!