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The way I see it, both The Platinum Card® from American Express and The Business Platinum® Card from American Express OPEN 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, 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.
A more attainable welcome bonus
The personal version of the card offers a welcome bonus of 60,000 Membership Rewards points after spending $5,000 within three months. The business version of the card offers up to 75,000 points — specifically, you can earn 50,000 points after spending $10,000 within the first three months, and a further 25,000 points after spending $10,000 within that same period. So which offer is better really depends on how much you spend.
Amex Platinum Business Card advantages
In no particular order, here are the advantages of the business version of the card:
A lower annual fee
The card has a $450 annual fee rather than a $550 annual fee, so you’re out of pocket $100 less per year for the first user.
10 Gogo wifi passes annually
This is an exclusive benefit to the business version of the card. You get 10 Gogo wifi passes deposited into your Gogo account each year, which can be used for virtually any flight on a Gogo equipped plane, including an international flight. Everyone will value this benefit differently, though personally I think it’s worth ~$150 per year, or so.
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.