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, apart from the obvious £20 difference in annual fee.

As American Express Business Platinum is still offering the biggest sign-up bonus ever seen on a UK payment card – 100,000 Membership Rewards points, worth 100,000 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.

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. For personal cards, this page has been broken for a number of weeks – it is working fine for Business Platinum.

Airport lounge access

You will receive a free Priority Pass card.  Priority Pass is a network of 1300 airport lounges – in normal times – 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 Lounge in Heathrow Terminal 5.  This is not a Priority Pass lounge 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.

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, 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.

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.

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. The credit is not cumulative if not used in a particular month.

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

Business Platinum currently has an unprecedented sign-up bonus of 100,000 Membership Rewards points.

In normal times, Business Platinum has a bonus of 40,000 Membership Rewards points. The Platinum Card has a bonus of 30,000 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 six 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 offer a bonus for adding your first supplementary card via this page of the Amex website for personal cards and this page of the Amex website for business cards..

Business Platinum has regular offers of 5,000 bonus Membership Rewards for adding additional supplementary cards. You can earn up to 25,000 points this way. This offer is currently running as you can see here.

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.

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. The only defined requirement is to have a business bank account in place.

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 £120 of annual Addison Lee taxi credit

• 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.

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Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.