When it comes to choosing an American Express business card, the choices can be overwhelming. Instead of bombarding you with every option American Express offers, here’s a look at three of Amex’s most popular business cards that will appeal to different types of business owners. Whether you’re a frequent business traveler, a category spender or you need a card that gives you a little extra time to pay, you’ll find an option here.
Keep reading to find out if one of these three Amex offerings would allow you to capitalize on the card benefits it offers.
American Express Business Cards at a Glance
|American Express Business Cards|
|Card Name||Annual Fee||Welcome Offer||Rewards|
|American Express Business Gold Rewards Card||$0 for first year; then $175||Earn 50,000 Membership Rewards points after spending $5,000 in purchases within first three months||Earn 2x to 3x points within five designated spending categories; 1x points for all other purchases|
|American Express Business Platinum Card||$450||Earn up to 75,000 total Membership Rewards points; Earn 50,000 after you spend $10,000; Earn 25,000 points after you spend an additional $10,000 within the first three months||5x Membership Rewards points on flights and prepaid hotels when booked via amextravel.com; 1.5x Membership Rewards points per dollar for each single purchase of $5,000 or more; and 1x points on all other eligible purchases|
|American Express Plum Card||$0 for first year; then $250||Earn up to $600 cash back: $200 statement credit for each $10,000 in purchases, up to $30,000, within the first three months.
Best Features of American Express Business Gold Rewards Card
The Amex Business Gold Rewards Card offers business users no preset spending limit and some flexibility when it comes to earning rewards. Reward categories include airfare, advertising, gas, shipping, and computer hardware, software and cloud computing services.
Cardholders can choose one of the five categories to earn 3x points each year. Purchases in the remaining four categories will earn 2x points, and all other purchases will earn 1x points. The 3x and 2x earnings tiers apply to up to $100,000 in purchases per category.
Best for: Businesses who have regular expenses within at least one of the card’s designated reward categories
- No annual fee the first year
- Earn 3x points in the category of your choosing
- No preset spending limit; allows for larger purchases
- Can’t carry a balance unless you qualify for Pay Over Time feature
- High annual fee of $175 after the first year
- For rewards: Airfare must be purchased directly from airline; no third party sites
Best Features of American Express Business Platinum Card
Although the American Express Business Platinum Card — which is the counterpart to the American Express Platinum card — has one of the most impressive introductory offers in the industry of up to 75,000 American Express reward points, the required spend amount is pretty steep: $20,000 within the first three months.
The high annual fee this card carries might also seem daunting at $450, but with it you’ll get some really nice travel perks, such as a $200 airline fee credit, 3.5 extra points for every 10 points of rewards points redeemed for first or business class flights and 5x points for flights and prepaid hotels booked on amextravel.com.
Other travel perks include complimentary access to Airspace Lounges, 10 complimentary single-flight segment passes for Gogo in-flight internet each year, Hilton Honors Gold status enrollment and more.
Best for: People who frequently travel for business
- Premium travel perks
- Impressive point-value welcome offer
- No preset spending limit
- High annual fee of $450
- Low rewards rate for non-travel purchases
Best Features of American Express Plum Card
Unless you’re planning to use the American Express Plum Card to spend big with the first three months — a total of $30,000 — you’ll never see the $600 cash back award. You can, however, receive a $200 cash back award for every $10,000 you spend in the first three months with the card. In addition, the card offers no preset spending limit and an early pay discount of 1.5 percent. You’ll also have the option of taking extra days to pay your entire bill. As long as you pay at least the minimum payment due plus any previously deferred balances by the due date, you can defer the rest of the balance until the next billing cycle without additional interest.
Best for: Business owners with cash flow fluctuations
- $600 cash back award
- $0 introductory annual fee
- Early pay discount; issued as a 1.5 percent statement credit
- Extra days to pay
- High annual fee of $250 after first year
- Other cards can provide a better rewards benefit than the 1.5 percent statement credit
American Express Business Cards Designed for Big Spenders
All three of the American Express business cards reviewed require some pretty heavy spending to reap all of the available rewards. Business owners who intend to spend in the amounts required to score the rewards might want to consider one of these cards. However, prospective cardholders should also weigh the cost of the high annual fees that each card carries. Additionally, it’s worth noting that each of these cards is a charge card, which generally must be paid off monthly.
Click through to read about some of the other best business credit cards available.
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Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been endorsed by American Express.