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American Express Corporate Platinum Card Review: A Premium Business Travel Solution
What Is The American Express Corporate Platinum Card?
The American Express Corporate Platinum Card is a premium business credit card designed specifically for large organizations seeking to provide their executives and frequent business travelers with premium travel benefits and rewards. This card, backed by the New Hampshire Insurance Company (an AIG company), offers a comprehensive suite of travel perks, airport lounge access, and business-focused rewards that can significantly enhance the corporate travel experience.
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American Express Corporate Platinum Card Pros & Cons
Pros:
- Extensive airport lounge access, including Centurion Lounges and Delta Sky Clubs
- Comprehensive travel insurance coverage
- Premium hotel benefits through Fine Hotels + Resorts program
- Global Entry or TSA PreCheck application fee credit
- International Airline Program discounts
- Corporate expense management tools
- 24/7 premium customer service
Cons:
- High annual fee
- Limited earning potential compared to personal Platinum Card
- Must be part of a corporate program to qualify
- Benefits may vary based on corporate agreement
- Some benefits require enrollment
- Cannot transfer points to airline partners
Who Is The American Express Corporate Platinum Card For?
The American Express Corporate Platinum Card is ideal for:
- Corporate executives who frequently travel for business
- Organizations looking to provide premium travel benefits to employees
- Businesses seeking comprehensive travel insurance coverage
- Companies wanting centralized expense management
- Frequent international business travelers
- Organizations valuing airport lounge access for employees
Comparing The American Express Corporate Platinum Card With Other Credit Cards
When considering the American Express Corporate Platinum Card, it's helpful to compare it with other popular options in the business credit card category:
Capital One Venture X Business (rates & fees):
- Annual fee: $395
- Sign-up bonus: Substantial miles bonus after meeting spending requirements
- Key rewards: 10X miles on hotels and rental cars, and 5X on flights and vacation rentals booked through Capital One Travel
- Standout feature: 10,000 bonus miles each account anniversary
Ink Business Preferred® Credit Card:
- Annual fee: $95
- Sign-up bonus: Large points bonus after meeting spending requirements
- Key rewards: 3X points on travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines on the first $150,000 spent
- Standout feature: Cell phone protection when you pay your monthly cell phone bill with your card
The Business Platinum Card® from American Express (rates & fees):
- Annual fee: $695
- Welcome offer: Substantial points bonus after meeting spending requirements
- Key rewards: 5X points on flights and prepaid hotels booked through Amex Travel, 1.5X points on eligible purchases of $5,000 or more
- Standout feature: Access to over 1,400 airport lounges worldwide
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
Each card offers unique benefits tailored to different spending habits and preferences. Consider your personal financial goals when choosing the best card for you.
Key Takeaways:
- Capital One Venture X Business offers high travel rewards
- Ink Business Preferred® provides strong points on business-related categories
- The Business Platinum Card® from American Express features premium travel perks
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Our Expert Takeaway
The American Express Corporate Platinum Card stands out as a premium business travel card that offers exceptional value for organizations prioritizing travel benefits and expense management. While the annual fee is substantial, the comprehensive suite of travel perks, lounge access, and insurance coverage can more than justify the cost for frequent business travelers.
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American Express Corporate Platinum Card FAQ
Does the card include Priority Pass membership?
Yes, cardholders receive complimentary Priority Pass Select membership, offering access to over 1,300 airport lounges worldwide (enrollment required).
What travel insurance benefits are included?
The card provides trip delay insurance, trip cancellation coverage, car rental loss and damage insurance, and baggage insurance plan.
Can employees transfer points to airline partners?
No, point transfers to airline partners are not available on the corporate version of the Platinum Card.
How does the International Airline Program work?
The program offers discounts on international first class, business class, and premium economy tickets on participating airlines when booked through American Express Travel.
What are the Fine Hotels + Resorts benefits?
Benefits include daily breakfast for two, room upgrades when available, guaranteed 4 PM late checkout, noon check-in when available, and unique property amenities.
Is Global Entry or TSA PreCheck reimbursement included?
Yes, the card offers a statement credit for Global Entry ($100) or TSA PreCheck ($85) application fee every 4 years.
Are there any foreign transaction fees?
No, the card does not charge foreign transaction fees on international purchases.
What expense management tools are available?
The card provides detailed spending reports, integration with expense management systems, and the ability to set spending limits for employee cards.
Supercharge Your Credit Cards
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
