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Who is eligible for the Amex Business Platinum Card?

The Points Guy logo The Points Guy 4/26/2021 Eric Rosen
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Earlier this month, The Business Platinum Card® from American Express launched one of its most lucrative introductory offers ever. Through a limited-time TPG-exclusive offer, folks can earn up to 125,000 Membership Rewards points after spending $15,000 on eligible purchases within the first three months of card membership.

That’s worth $2,500 by TPG’s latest valuations and is around 50,000 more points than this card usually offers – and reason enough to have a lot of people considering an application.

For more TPG news delivered each morning to your inbox, sign up for our free daily newsletter.

But before you start filling out your information, you might be wondering if you’re even eligible. This is a small-business card, so there are different requirements than for a personal card. However, it’s entirely possible you are eligible without even immediately realizing it. Here are some of the ways to determine who is eligible to apply for the Amex Business Platinum Card, and whether it makes sense to do so.

Related: Review of the Business Platinum Card from American Express with 125K welcome bonus

In This Post

Amex Business Platinum Card details

Just as a quick reminder, here are the current offer details as well as a roundup of the card’s key perks.

Current welcome offer

The Business Platinum Amex is available with 125,000 Membership Rewards points after spending $15,000 on eligible purchases within the first three months of card membership.

text: (Photo by Summer Hull/The Points Guy) © The Points Guy (Photo by Summer Hull/The Points Guy)

Annual fee

$595 (see rates and fees)

Related: Is the Amex Business Platinum worth the annual fee?

Earning

The Amex Business Platinum earns points at the following rates:

  • Earn 5x points per dollar spent on flights booked through Amex Travel.
  • Earn 5x points per dollar on prepaid hotels booked on amextravel.com.
  • Earn 1.5x points per dollar on purchases of $5,000 or more, up to 1 million additional points per calendar year.
  • Earn 1x points per dollar on everything else.

Related: 8 things to do when you get the American Express Business Platinum card

Key benefits

*Eligibility for this offer is limited. Enrollment is required in the Amex Offers section of your account before redeeming.

Thanks to all these benefits, the Amex Business Platinum regularly ranks among the best business rewards cards.

Related: Lesser-known benefits of the Amex Business Platinum card

a hand holding a cell phone: (Photo by Wyatt Smith/The Points Guy) © The Points Guy (Photo by Wyatt Smith/The Points Guy)

Are you eligible to apply for the Amex Business Platinum?

If all that has you interested in this premium credit card, you might be wondering whether you’re eligible to apply. First, let’s look at the terms and conditions of the card itself, and then we’ll delve into some of the more specific application rules Amex has in place.

Amex Business Platinum application terms


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Like many other American Express cards, the Amex Business Platinum explicitly excludes current or former cardholders from earning its welcome bonus multiple times.

The application terms clearly state: “Welcome offer not available to applicants who have or have had this Card. We may also consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.”

Related: The ultimate guide to credit card application restrictions

So not only might you be disqualified for being a prior cardmember, but if you have several other Amex cards open, the issuer might automatically deny you as well.

It’s not quite so cut and dried as all that, though.

Amex application restrictions

According to our most recent findings, Amex is currently limiting most folks to four personal and business credit cards issued by Amex, and anywhere from five to 10 charge cards at most. The Amex Business Platinum is a charge card, as is the personal Platinum Card® from American Express.

That might seem like a high bar to hit, but let’s say you’ve applied for some of the truly fantastic offers Amex has fielded in the past year, and you might be getting close to that ceiling.

Related: Elevated credit card offers and promotions

It’s also not like the issuer will simply approve everyone up to those maximums. If you have more than a handful of cards from Amex, you might have a much harder time convincing the applications department that you need yet another product.

Not only that, but Amex will typically only approve an applicant for up to two cards in a 90-day period (usually one credit card and one charge card). So if you applied for another card recently, you might have to wait in a holding pattern.

Plus, if you already have even just a few cards from American Express with high credit limits, Amex might consider your credit line fully extended and deny your application.

If you can’t remember whether you’ve held a specific Amex card in the past, you can apply and the issuer’s handy tool should flag whether you might qualify for a specific introductory bonus.

Related: Chase’s 5/24 rule: Everything you need to know

Speaking of issuer application restrictions, if you have your eye on a Chase card like the new United Quest Card with its introductory 100,000-mile bonus, you might be concerned about whether applying for the Amex Business Platinum might put you over Chase’s 5/24 limit on cards. Luckily, business cards don’t count toward that threshold, so you should be able to get the Amex Business Platinum and then apply for a Chase card at a different time without repercussions.

Does it matter if you already have the personal Amex Platinum card?

You might also wonder whether having the personal Amex Platinum card precludes you from getting the Business Platinum Amex and its welcome offer.

Related: Credit card showdown: Amex Platinum vs. Amex Business Platinum

Luckily, Amex considers these two cards as totally unique products, so if you already have the personal version, it shouldn’t make a big impact on your ability to apply for the business one.

a person sitting at a table eating food © The Points Guy

Do you need a business to apply?

As the Amex Business Platinum is a small-business card, you might be wondering whether you actually need your own business to apply. The answer is perhaps not what you expect.

Issuers, including Amex, understand that freelancers, independent contractors and even folks who just have a side hustle that produces some income need business cards to help them separate their work expenses from personal ones. So, you may not need to have as formalized or large of a small business as you think to need a small-business credit card.

Related: 5 ways you might be eligible for a business credit card without realizing it

Before you get too excited, remember that the Amex Business Platinum is one of American Express’ most premium products. So Amex won’t just approve anyone who has a random side gig. You might have to demonstrate the income that your venture generates and even provide information such as “doing business as” or similar in order to qualify.

Can you get the card twice?

If you do have your own business, though, and have a solid financial history of spending responsibly with Amex, there are reports of targeted cardholders being prequalified – and eligible for the welcome bonus – for a second Amex Business Platinum account. It makes sense that if you have multiple businesses, they each may need a separate card for record-keeping purposes.

Related: Amex targeting some Business Platinum users for second card

Likewise, if you have more than one business or work for more than one company, you might be targeted to apply for an additional Amex Business Platinum for that enterprise. These instances still seem to be pretty rare, but if Amex contacts you with such an offer, be sure to talk to a customer service representative and verify that you are indeed eligible.

a man using a laptop computer sitting on top of a book shelf: (Photo by 10’000 Hours/Getty Images) © The Points Guy (Photo by 10’000 Hours/Getty Images)

Call the reconsideration line

If you apply for the Amex Business Platinum but are initially rejected, you might want to try your luck with the bank’s reconsideration line. By ringing them up, you can ask if there were specific issues with your application that you can address over the phone or by providing further information.

Related: Your guide to calling a credit card reconsideration line

You might be expected to explain why you want or need the Amex Business Platinum card (beyond just the welcome bonus), such as key features or benefits you find attractive. You could be asked to supply further information about your business (or freelance work) including documentation of income, address and more.

After all that, if you’re still denied, the good news is that at least you might still be eligible to apply for the card in the future when it is offering another elevated introductory bonus. So take that as a silver, or platinum in this case, lining.

Bottom line

The Amex Business Platinum is one of the best small-business rewards cards around.

Right now, it’s also offering one of its highest-ever introductory bonuses. If you’re interested in applying, make sure that you meet the card’s eligibility requirements to improve your chances of being accepted. Even if you are initially declined, you might still have some options to convince American Express to let you open an Amex Business Platinum account. Barring that, though, there are plenty of other excellent small-business credit cards available, and you can reconsider applying for the Amex Business Platinum at a later date.

Application link: The Business Platinum Card from American Express: Available with a TPG-exclusive offer of 125,000 bonus points after $15,000 in spending in the first three months.

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

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

Featured photo by The Points Guy.

SPONSORED: With states reopening, enjoying a meal from a restaurant no longer just means curbside pickup.

And when you do spend on dining, you should use a credit card that will maximize your rewards and potentially even score special discounts. Thanks to temporary card bonuses and changes due to coronavirus, you may even be able to score a meal at your favorite restaurant for free. 

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Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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