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Amex Business Platinum approval tips (Earn 100,000 points with this increased offer!)

Million Mile Secrets logo Million Mile Secrets 4/15/2021 Jason Stauffer
a hand holding a cellphone: Amex Business Platinum_20191022_NYC © Provided by Million Mile Secrets Amex Business Platinum_20191022_NYC

Applying for Amex small business cards can be a great way to boost your rewards balances. And with the current increased offer on The Business Platinum Card® from American Express, you can earn 100,000 Amex Membership Rewards points after spending $15,000 in eligible purchases in the first three months from account opening.

a hand holding a cellphone © Provided by Million Mile Secrets

That’s one of the top small business card bonuses being offered right now, and you can improve your chances of earning this bonus by following these Amex Business Platinum approval tips.

a hand holding a cell phone © Provided by Million Mile Secrets Take care of these things first before trying to get the Amex Business Platinum in your wallet. (Photo by Wyatt Smith/The Points Guy)

Amex Business Platinum approval tips

If you’re considering applying for The Business Platinum Card® from American Express, the good news is, Amex small business cards aren’t impossible to get. There is no magic bullet for getting your application approved, but these strategies can help improve your odds.

Determine your eligibility

As long as you’re operating a for-profit business (even if you have very low income), you can qualify for an Amex small business card. This can include part-time gigs as well, like driving for Uber or Lyft. My wife qualifies for small business cards as a part-time freelance artist and I’ve qualified in the past as a freelance writer. And if you’re a sole proprietor, it’s likely you’ll be able to use your own name as the business name and your social security number as the business tax ID. I do this for all of my small business card applications because I don’t have a separate business tax ID or fictitious name for the business. For more help, read our guide on how to complete an Amex business card application.

Just remember, Amex only allows you to earn a welcome bonus once per card per lifetime. So if you have or have ever had this card in the past, you won’t qualify for the bonus. But if an Amex card has a personal version and business version they both count as different products. So you can qualify for the Amex Business Platinum card’s intro bonus even if you’ve had The Platinum Card® from American Express.

Amex will also consider the number of American Express cards you’ve opened or closed, in addition to other factors, when reviewing your application. But one nice thing about Amex applications is if you’re not eligible for a card you’ll get a pop-up window letting you know that you don’t qualify before Amex pulls your credit.

For more information about this, check out our article on how to qualify for a small business credit card (and why you should get one).

Include all eligible income

Besides your credit score, the total income you report on your credit card application can be an important factor in receiving approval and the amount of your credit limit. When you’re filling out a business card application you’ll enter your business revenue and your total income.

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This distinction is important because you’ll want to make sure you’re 100% accurate and also not short-changing yourself. Your “annual business revenue” is straightforward, as it’s all the money your business makes before any expenses. But your “total annual income” is different. It’s easiest to think of it as the combined income you have access to for paying your bills. So when my wife applies for a small business credit card, her “total annual income” is always much higher than her “annual business revenue” because she can include my salary as part of her “total annual income.”

Keep in mind, you must be 21 or older to include household income as part of your “total annual income.”

Fill out the application correctly

The Amex Business Platinum card application is very straightforward. However, you’ll need to answer more questions than you would on a personal card application. If you’re an existing American Express customer, you can login to your account to have the application automatically enter your existing personal information.

You can apply using just your social security number if you’re a sole proprietor and don’t have an EIN (Employer Identification Number). Plus, Amex doesn’t have strict income requirements for small business cards.

Many Million Mile Secrets team members have always used their social security numbers to apply as sole proprietors for small business cards. And if you’re applying as a sole proprietor (meaning you’re not in any type of partnership), you can use your name as the legal business name.

Here’s a complete guide to filling out an Amex business card application.

Call the reconsideration line if you’re not approved

When you apply for a rewards credit card, you’ll see one of the following results: approved, declined or pending. If you’re not automatically approved for the card, I recommend not calling the reconsideration line, but instead waiting until you get a message from Amex telling you their decision (or you see the result through your online application status).

That said, if you’re declined in the end, it’s worth a call to the bank’s reconsideration line to speak to a credit representative to find out what’s going on.

A few tips to remember when calling the reconsideration line:

  • Be friendly. Customer service representatives will appreciate kindness because they put up with a lot.
  • Know why you are applying for this card, other than the bonus. Know key features of the card that you’ll use. Do not say you just want the welcome bonus.
  • Be prepared to provide documentation regarding your business, such as a copy of a business card, proof of mailing address, invoices, etc.

This post details ways to make your credit card reconsideration telephone call a success.

Amex Business Platinum Card

The Amex Business Platinum card is currently offering a welcome bonus of 100,000 Amex Membership Rewards points after you spend $15,000 on eligible purchases within the first three months. The card also comes with perks like (terms apply):

  • 1.5x Amex Membership Rewards points on single purchases of $5,000+
  • 5x Amex Membership Rewards points when you book airfare or prepaid hotels through the Amex travel portal
  • 35% of your points back for all first class or business-class flights booked through the Amex travel portal using Pay With Points (see rates & fees)
  • 35% of your points back for all flights, including coach tickets, booked with your selected airline through the Amex travel portal using Pay With Points.
  • Up to $200 in statement credits per calendar year for airline incidentals with your selected airline (luggage fees, in-flight food & drink, etc.)*
  • Up to $200 in Dell credits for U.S. purchases each calendar year*
  • Access to airport lounges (Delta, Priority Pass, Airspace, Escape and American Express Centurion Lounges)*
  • Elite car rental status with Avis, Executive status with National Car Rental, and Gold Plus Rewards with Hertz*
  • Hilton Honors Gold elite status (free breakfast and upgrades when available)*
  • Marriott Bonvoy Gold elite status*
  • Statement credit for Global Entry or TSA PreCheck 

*Enrollment required for select benefits.

Although the $595 annual fee is not waived the first year (see rates & fees), you can get lots of travel with the welcome bonus alone.

Amex Membership Rewards points are popular transferable points to collect, because you get flexibility to redeem points for award travel with any of the Amex airline or hotel partners. You can also use points to buy gift cards to popular stores and restaurants.

Amex Business cards don’t impact future Chase card applications

Another great aspect of the Amex Business Platinum card is that it doesn’t count toward Chase’s 5/24 rule, because Amex business cards will not show up on your personal credit report. So getting this card won’t hurt your chances of being approved for Chase credit cards in the future.

Bottom line

The Amex Business Platinum card has one of the best bonuses of any travel credit card right now. You’ll earn 100,000 Amex Membership Rewards points after spending $15,000 in the first three months from opening the account.

To improve your odds of being approved for the Amex Business Platinum card, make sure you meet requirements like:

  • Have a credit score of 700+
  • Report all eligible income on your application
  • Be prepared to call the Amex reconsideration line

Ultimately, American Express has the final say on whether you’ll be approved.

If your application isn’t immediately approved, you should wait for the automated system to make a decision. If you’re declined, you should call Amex to be reconsidered.

  
For more travel and credit card news, deals and analysis sign up for our newsletter here.

For rates and fees of the Amex Business Platinum card, please click here.

The Business Platinum Card® from American Express

Read our review a close up of a book: The Business Platinum Card® from American Express © Provided by Million Mile Secrets The Business Platinum Card® from American Express Apply NowSee Rates & FeesTerms Apply

Annual fee

$595

Welcome offer

Welcome Offer: Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership.

SummaryCard DetailsPros & ConsHighlights

Why we like it

This card has many central features that make the card worthwhile to just about anyone — but one of the funnest aspects is its offer of comprehensive lounge access. There is no card in existence that grants you entry into more airport lounges, including the famous Centurion Lounges located in many domestic hub airports like San Francisco, Dallas, New York, Denver, etc.

Who is it best for?

You’ll likely need a credit score of 730+ to be approved for this card — and you’ll also need to own a small business to qualify. But you may be eligible without even realizing it! You don’t need to be running a full-time enterprise to qualify for the best business credit cards. Freelance writing on the side, driving for Uber or Lyft, dog walking, or freelance art, etc. can qualify as long as you’re not doing the job as an employee.

Credit Score Recommended

Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Good to Excellent

660

850

Details

  • Welcome Offer: Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership.
  • Get 50% more Membership Rewards® points. That’s an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.
  • Terms Apply.
  • See Rates & Fees

Pros

  • 5X points on flights and prepaid hotels on amextravel.com
  • 1.5X points on each qualifying purchase of $5,000 or more (up to 1 million additional points per year)
  • Enroll to earn up to $200 in statement credits annually (up to $100 semi-annually for U.S. purchases with Dell)
  • 35% Airline Bonus: Use “Pay with Points” feature for all or part of a flight with your selected qualifying airline to get 35% of the points back (up to 500,000 bonus points per calendar year) when booking on amextravel.com

Cons

  • High annual fee
  • You must have a for-profit venture to qualify

Reward Rate

  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That’s an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.

APR

14.24% – 22.24% Variable

Credit Needed

Goodto Excellent

Foreign Transaction Fee

N/A

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