What is the credit limit for the American Express Business Platinum credit card?

What is the credit limit for the American Express Business Platinum Card?

The American Express Business Platinum Card operates as a charge card rather than a traditional credit card, which means it has no preset spending limit. Instead of a fixed credit limit, American Express determines your purchasing power based on your business's financial profile, payment history, credit record, and spending patterns. This approach allows your spending capacity to adapt over time as your business establishes a stronger relationship with American Express.

While there's no official ceiling on your spending power, American Express continuously monitors your account activity and may approve or decline charges based on your current financial situation, payment history, and other risk factors they consider. For significant purchases, cardholders can use the "Check Spending Power" feature in their American Express account to verify if a specific charge amount would be approved before making the transaction.

American Express Business Platinum Card overview

The American Express Business Platinum Card is a business charge card designed for entrepreneurs, business owners, and executives who travel frequently. It features a metal card design and operates on a pay-in-full model, requiring cardholders to pay their balance in full each month rather than carrying a revolving balance.

The card has an annual fee of $695. It offers airport lounge access, hotel status benefits, travel protections, and various business-oriented benefits aimed at business travelers.

American Express Business Platinum rewards

The American Express Business Platinum Card offers a rewards program tailored to business travel and large purchases.

Here's what you can expect as a cardholder:

Earning points

• 5X Membership Rewards points on flights and prepaid hotels booked through AmexTravel.com
• 1.5X points on eligible purchases of $5,000 or more (up to 1 million additional points per year)
• 1.5X points in select business categories including construction materials and hardware supplies, electronic goods, software, and cloud service providers (up to 1 million additional points per year)
• 1X points on all other purchases
• Welcome bonus typically offering substantial Membership Rewards points (often 120,000 points or more) after meeting a specified spending requirement within the first three months

Redeeming rewards

Amex Membership Rewards points offer several redemption options. Cardholders can transfer points to airline and hotel loyalty programs, or redeem them for travel through the Amex Travel portal with a 35% points rebate on eligible flights (up to 500,000 points back per calendar year). Other redemption options include statement credits, gift cards, and merchandise.

Additional benefits

• $200 annual airline fee credit with a selected qualifying airline
• $400 in annual statement credits for Dell purchases ($200 semi-annually)
• $360 annual Indeed credits ($90 per quarter)
• $150 annual Adobe credit
• $120 annual wireless telephone services credit ($10 per month)
• Airport lounge access including Centurion Lounges, Delta Sky Clubs (when flying Delta), and Priority Pass Select membership
• Marriott Bonvoy Gold Elite status
• Hilton Honors Gold status
• Global Entry or TSA PreCheck application fee credit (up to $100)
• $189 annual CLEAR Plus credit
• Premium car rental status with Avis, Hertz, and National
• Travel insurance including trip delay, cancellation, and interruption coverage
• Purchase protection and extended warranty benefits
• No foreign transaction fees

The card's extensive travel benefits make it particularly suited for businesses with significant travel expenses and purchasing needs, especially those regularly making large transactions over $5,000.

Other American Express Business Card limits

• American Express Blue Business Cash™ Card: Variable credit limit based on creditworthiness and spending patterns
• American Express Blue Business Plus™ Credit Card: Variable credit limit based on creditworthiness and spending patterns
• American Express Business Gold Card: No preset spending limit (charge card)

Need a high credit limit? Consider the Ramp Business Credit Card as an alternative

While the American Express Business Platinum offers exceptional benefits for business travelers, Ramp's Business Credit Card provides a more comprehensive solution for businesses focused on spend management and financial efficiency.

Here's what you can expect from the Ramp Business Credit Card:

• Spending controls: Set proactive spending limits, category restrictions, and vendor-level receipt requirements to prevent unauthorized spending.
• Real-time visibility: Access immediate insights into company spending with customizable daily limits and card programs.
• Accounting ntegrations: Connect seamlessly with popular accounting software like NetSuite, QuickBooks, Xero, and Sage Intacct.
• No annual fee: Enjoy zero annual fees compared to Amex's $695 fee, plus straightforward cashback rewards with no complicated category restrictions.

Disclaimer: The information provided in this article has not been officially confirmed by American Express and is subject to change.