The way I see it, both The Platinum Card® from American Express and The Business Platinum® Card from American Express are fantastic cards. I often get questions about which card is better (aside from the obvious fact that one is a personal card and one is a business card). For many people I think both cards can make sense, while for others there’s a distinct advantage to one over the other.
In my case, I have the Amex Personal Platinum Card and Ford has the Amex Business Platinum Card, so together I’d say that’s a very good combo. In this post I wanted to look more closely at the differences between the two cards.
They have a lot in common, including a $200 annual airline fee credit, access to Amex Centurion Lounges, access to Delta SkyClubs, Priority Pass memberships, Hilton Honors Gold status, access to the International Airline Program, and much more.
So, what’s actually different about the two cards? First I’ll cover the advantages of the personal version of the card, and then I’ll cover the advantages of the business version of the card.
Amex Personal Platinum Card advantages
In no particular order, here are the advantages of the personal version of the card:
A $200 annual Uber credit
The personal version of the card offers a $200 annual Uber credit, which comes in the form of a $15 monthly Uber credit, and then a $35 credit in December. Since I use Uber several times per month, I consider this to be worth close to face value.
5x points on airfare purchased directly with airlines
This is something I get tons of value out of, as the card offers 5x points on airfare purchased directly from airlines. I value Membership Rewards points at ~1.7 cents each, so to me that’s like a return of 8.5% on airfare spend, which supercharges my Amex points earning. However, I still buy some airfare with the Chase Sapphire Reserve®, as it offers triple points and offers great travel protection.
A lower authorized user fee
On the personal version of the card you can add up to three authorized users for a total of $175 (Rates & Fees), meaning you’re potentially paying under $60 per authorized user per year. For that fee the authorized users get access to Amex Centurion Lounges, Delta SkyClubs, and Priority Pass memberships. The business version of the card charges $300 per authorized user, meaning that adding three authorized users would cost $900.
Amex Platinum Business Card advantages
In no particular order, here are the advantages of the business version of the card:
50% bonus on purchases of $5,000+
If you frequently make big purchases, the card offers 1.5x points on purchases of $5,000 or more. You can earn up to a million additional points per year with this bonus. Of course this is only useful if you make purchases of $5,000 ore more in one transaction. Keep in mind that The Blue Business® Plus Credit Card from American Express offers 2x points on the first $50,000 spent annually.
A 35% refund on Pay With Points bookings
When you redeem points using the Pay With Points method (which typically gets you one cent per point of airfare), you can get 35% of your points back, up to 500,000 bonus points per year. This is available for first and business class tickets with all airlines through American Express Travel. This can get you up to ~1.54 cents of value per point, give or take.
I think both the Amex Personal Platinum Card and Amex Business Platinum Card are fantastic cards that can get you significantly more value than you’ll pay in annual fees. While most of the cards’ benefits overlap, the above are what I consider to be some of the biggest differences of the cards. Hopefully, that’s helpful for anyone trying to decide which card makes more sense for them.
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Platinum Card® from American Express (Rates & Fees).