American Express Business Platinum Canada Review | 105,000 points welcome bonus

**This post may contain affiliate links. I may be compensated if you use them.

Are you looking for an American Express Business Platinum Canada review? The card currently has a welcome bonus that’s worth up to 105,000 points when using a referral link. You’ll get 80,000 points when to charge $6,000 to your card within the first three months. You’ll then get another 25,000 points when you make any purchase after your 14 month anniversary.

While spending that much in such a short time will be difficult for some people, it might not be a big deal for small business owners. It’s also worth mentioning that even if you don’t own a business, you can still apply for this card. Keep reading and find out why the Amex Platinum Business Card is one of the best business credit cards in Canada and one of the best travel credit cards in Canada.

American Express Business Platinum Canada Review

American Express Business Platinum benefits

  • $499 Annual fee
  • Up to 105,000 Membership Rewards points welcome bonus when using a referral link
  • Earn 1.25 points for every $1 spent
  • Marriott Bonvoy Gold Elite Status
  • 55 interest free days
  • Unlimited airport lounge access
  • Comprehensive travel insurance package
  • Buyer’s assurance
  • Purchase protection

Since this is a business credit card, you’re not going to get a high earn rate, but the American Express Business Platinum Card does give you a respectable 1.25 points per dollar spent. This guarantees you’re getting at least 1.25% back in points for all of your purchases. In a sense, you could use this card as a cash back card.

A lot of people will be attracted to the 100,000 Membership Rewards points sign up bonus when using a referral link. Since 1,000 points can be redeemed for $10 in travel, the welcome bonus is worth at least $1,000. If you use the fixed travel program, you can double the value of your points.

Interestingly enough, there is a way to get more value out of your Membership Rewards points by using one of the Amex transfer partners. Two examples include Aeroplan where your points transfer at a 1:1 ratio and Marriott Bonvoy which has a 1:1.2 ratio. Getting the most value out of your points depends on which flights or hotels you book, but when booking business class flights on Aeroplan, it shouldn’t be too hard to find a value of 3-5 cents per point.

The card comes unlimited airport lounge access is a great benefit as not many business cards give you lounge access. Your lounge access is via Priority Pass which has more 1,000 lounges around the world. Just about every airport with a lounge likely has a Priority Pass lounge so you can get good use out of this benefit if you travel frequently. For reference, a Priority Pass Prestige membership which comes with unlimited lounge access is US $429. That’s more than the annual fee you’ll pay for the American Express Business Platinum Canada Card.

The business benefits

  • 55 interest-free days
  • Employee Card Misuse Protection

So far in my American Express Business Platinum Canada review, I’ve focused on the points, but the decision to get this card for many people will really come down to the business benefits.

Since this is a charge card, there’s no limit. In addition, you get up to 55 interest-free days which will help you manage your cash flow while you focus on your business. That said, if you’re late with payments, you’re looking at an interest rate of 30%

Employee card misuse protection will ensure that you’re not on the hook for any eligible unauthorized transactions when you terminate any supplementary cardholders and cancel their cards within 2 business days. Coverage is up to $100,000 so that should give you some peace of mind.

Since this the American Express Platinum Card falls under American Express’ line of small business cards, you can redeem 1,000 MR points for a $10 statement credit. With personal cards, you can only redeem 1,000 MR points for $7 in non travel expenses.

Admittedly, you get fewer additional benefits with this card compared to the American Express Platinum Card, but if you’re a business owner, the 55 interest free days may be the biggest benefit.

American Express Offers

In recent times, American Express has had some great offers that have been great for cardholders. Mind you, there’s a good chance more offers were introduced due to COVID-19, but there’s no denying the value play here. Some of the recent offers include:

  • Get $40 credit on mobile service providers when you spend at least $40 (up to 4 times)
  • $250 credit at Dell when you spend at least $250
  • $5 credit when you spend $10 at participating small businesses
  • $45 credit when you spend $45 at FedEx (Up to 6 times)
  • 10% credit of total purchase price at Dell up to $1,000
  • $30 credit when you spend at least $150 at Dollarama

As you can see, these offers can easily obtainable and are worth more than the annual fee. Assuming you can take advantage of all of them that is.

American Express Business Platinum insurance

  • Emergency medical insurance – $5,000,000 – 15 days / Under 65
  • Trip cancellation insurance – $2,500 per person / $5,000 total
  • Trip interruption insurance – $2,500 per person / $6,000 total
  • Flight delay insurance – $1,000 – 4 hours +
  • Baggage Delay Insurance – $1,000 – 6 hours +
  • Lost or Stolen Baggage Insurance – $1,000 combined per occurrence
  • Car Rental Theft Damage Insurance – $85,000 – 48 days
  • Hotel/Motel Burglary Insurance – $1,000 per occurrence
  • Travel Accident Insurance – Up to $500,000
  • Purchase protection
  • Extended warranty

As you can see, the American Express Business Platinum Card insurance is excellent since you get a full suite of travel insurance. A reminder that with travel medical insurance, you get it no matter what. However, if you want to take advantage of all your other travel insurance benefits, you must charge all of your transportation and accommodation expenses to your card.

Don’t worry if you’re using Membership Rewards points for your travel purchase, if you charge the remaining balance to your Business Platinum card, your insurance would be valid. I should point out that your travel medical insurance only covers you for 15 days if you’re under the age of 65. Although this is still one of the best credit cards with travel insurance, if you’re going to be away for longer, you’ll want to ensure you have extended coverage.

The other insurance included is purchase protection which covers any loss, damage or theft of your goods for 90 days and extended warranty which doubles the manufacturer’s warranty up to one additional year.

How does it compare to the American Express Platinum benefits?

The benefits of the American Express Platinum and the American Express Business Platinum Canada are similar, but they’re a few subtle differences. 

The earn rate on the Personal Platinum card is 3 points per $1 spent on dining, 2 points per $1 spent on travel, and 1 point per $1 spent on all other purchases. As you can see, the personal card earns you more points on dining and travel, but if the majority of your expenses don’t fall into those categories, the Amex Platinum Business card would earn you more points.

The personal platinum card comes with an annual travel credit of $200, but it also has a higher annual fee of $699. Once you factor in that credit, you could argue that both cards have the same annual fee of $499.

When it comes to the welcome bonus, the American Express Business Platinum Card always comes out on top, especially if you’re using a referral link. That said, the minimum spend required to get that bonus is always higher compared to the American Express Platinum Card.

The major downside of the American Express Business Platinum Card is that it only comes with Marriott Bonvoy Status compared to the Platinum Card which gives you status with multiple hotel chains.

Final thoughts

My American Express Business Platinum Canada review is positive. The card comes with an incredible sign up bonus when using a referral link and it comes with enough travel benefits that it makes my list of the best travel credit cards in Canada.

American Express Business Platinum Canada Review | 105,000 points welcome bonus

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi


  1. Eric Lange on April 19, 2018 at 8:37 PM

    i hit a record in the month of month with 354,000 worth of spending on my american corporate platinum card, the 442,500 points will be used to fly staff for trade and consumer shows where we supervise the set up and tear down, and the movement of the freight into the facility. good example i flew to edmonton on Tuesday using 25,000 points round trip and some $87 for hst tax, i then finished the job in less than 4 hours, was able to go back to the airport, call aeroplan and for $100 change my flight from wednesday back to the tuesday, as i made the 5:45 flight from edmonton to toronto, now saved my having to book a hotel, and that would have cost at least $129 for a reasonable budget 3 star hotel,.
    i also used the priory club pass to get entre into the lounge in the morning, having breakfast, took a sandwich for my lunch, and a apple and orange for snacks during the day. Then used the same priory club membership for the first class lounge in Edmonton to have a great dinner, and a free beer before boarding my flight back to Toronto, my food expense for the day was $0 for the entire day…. My total expense was $87 for the hst on the free ticket, , car rental $61, gas was $21, then the change fee of $100, so for approx. $260 of total expense i flew to Edmonton, got the job done, that will provide us with approx $5,000 worth of revenue over the next 9 months, as we unloaded an important storage account into our warehouse that is normally not manned until we get a request for someone needed services in that facility, and i just didn’t trust my local guy to take care of it properly, so hence my quick trip.. Great decision to get it done.. thanks American Express !! i wouldn’t have done the job if i had to pay for an airline ticket and other normal expenses for that trip..

  2. […] Membership Rewards points by calling customer service. For more details about this card, read my American Express Business Platinum card review […]

  3. Patrick M Sullivan on September 24, 2018 at 12:03 AM

    Can you claim the yearly membership fee as a business expense?

    • Barry Choi on September 24, 2018 at 7:48 AM

      Hi Patrick,

      Assuming you use this card for business expenses, then yes. That being said, if you use the card for 80% business and 20% personal, you can only claim 80% of the fee as a business expense.

  4. Chris on November 24, 2018 at 6:16 AM

    This review is inaccurate. The Amex Business Platinum benefits are significantly different than the Amex Platinum. There’s no $200 flight credit with the Business card and no membership in Hilton Gold, among other things.

    • Barry Choi on November 24, 2018 at 6:52 AM


      Thanks for catching that, I’ve update the article

  5. Viv on January 13, 2019 at 12:07 PM

    “If you’re looking to earn points fast, it likely makes more sense to apply for the American Express Platinum card”.

    Can you explain why this statement is true, seeing as the introductory bonus for the business card is higher than that of the Amex Platinum and the earn rate for both of them are the same (1.25 per $). Am I missing something here.

    BTW, I already have the Amex Platinum but am looking at ways to boost my points quickly.

    • Barry Choi on January 13, 2019 at 12:11 PM

      Hey Viv,

      That’s a line I put in BEFORE they changed the sign up bonus so I need to remove that.

      If you want to earn Amex MR points and you already have the Platinum, then get the business platinum card. If you already have both, there’s just the Gold cards and the Cobalt card left.

      What type of points are you trying to earn quickly? Amex MR or do you want to convert to something else?

  6. […] best card to compare the American Express Gold Business card is the American Express Platinum Business card. Both have similar features, but the Platinum card gives you 3 points per $1 spent on restaurants, […]

  7. Ty on March 18, 2019 at 11:05 AM

    Barry, is this offer still valid with Amex to sign-up for the Business Platinum and get 75,000 points if you spend $7,000.00 in the first three months? Thank you!

  8. Samantha on May 9, 2019 at 1:03 PM

    Although this looks like a promising card, I have 2 problems with it. First AMEX is not as widely accepted as Visa/Mastercard, and second I would never pay $700 yearly fee for a credit card.

    • Barry Choi on May 9, 2019 at 2:53 PM


      This card has an annual fee of $500, the regular version is $700. For many people that is indeed steep, but the benefits included such as unlimited lounge access makes this card appealing for many people.

  9. Sensei on June 4, 2019 at 10:35 PM

    Hi Barry, i am up for my personal platinum renewal after the first year. I can’t seem to self refer me to Business platinum. Is it true personal platinum can’t refer to business? i’m also sitting on the fence if I should apply for (using a referral link) the business platinum, as I need the travel benefits (lounge access and travel insurance).

    should I renew personal platinum (with a 5k MR point retention offer) or sign up for $499 w/ $7 spend in the first 3months with the business platinum. which one would you recommend? Thanks

    • Barry Choi on June 5, 2019 at 7:41 AM


      Send me an e-mail and I give you some advice on the self-referral.

  10. John on June 17, 2019 at 11:57 PM

    Hi Barry,

    I am on the same boat as Sensei, can you give me some advice too.


    • Barry Choi on June 18, 2019 at 12:05 AM


      Send me an email via my contact form and we’ll chat.

  11. Jen on August 4, 2019 at 8:44 PM

    Hi Barry,
    Do I need to pay for the annual fee for the first year? Or is it free with a referral?


    • Barry Choi on August 4, 2019 at 9:09 PM

      Hi Jen,

      The annual fee of $499 still applies. There is no way to get it waived. Note that the signup bonus of 75k points when using a referral link is worth more than $499.

  12. Eran Oz on September 17, 2019 at 12:27 PM

    tried submitting an application twice using your referral link with no success.

  13. don on October 31, 2019 at 7:31 PM

    Are you getting any compensation for this recommendation.

    • Barry Choi on October 31, 2019 at 7:48 PM


      I get 10,000 points if you use my referral link but I receive no other compensation. As mentioned in my post, you can use the regular offer if you prefer, but you’ll earn 35,000 fewer points as a welcome bonus.

  14. Josh on November 22, 2019 at 12:44 PM

    I just got my Business Platinum and there was a note inside the package that says the Small Business Disability Plan is discontinued and no longer available on the card. You should update this page.

    • Barry Choi on November 22, 2019 at 4:50 PM


      Thanks for the heads up, I’ve made the changes.

  15. Valerie March on November 25, 2019 at 6:17 PM

    I’m trying to decide between the Amex business platinum card and the scotia Passport Visa Infinite card. I’m not happy about the $499/yr fee and the fact that the trip cancellation insurance is limited to $1500/person. What foreign exchange rate is charged on this card? I believe the rewards with Scotia are superior at 2 points for every dollar spent on restaurants, groceries, etc. Your thoughts would be appreciated.

  16. AMISH TANGRI on April 21, 2020 at 1:23 PM

    Is this link is still valid as of Apr 21, 2020
    75,000 Membership Rewards points sign up bonus when using a referral link. Do i have save screen shot of it, in case Amex does not give me 75k points after spending 7k in first 3 moths
    Pls. advise

    • Barry Choi on April 21, 2020 at 1:26 PM


      Yes, it’s still valid. When you click the link, you’ll clearly see the 75K offer via a referral offer on the American Express page before you continue with your application. There’s no need to screenshot anything.

  17. AMISH TANGRI on April 21, 2020 at 1:40 PM

    Hi Barry,

    Pls. re-send me link, I like to apply today

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