How the Amex Business Platinum benefits can help your business

Sep 19, 2019

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This story has been paid for by American Express, but the opinions are those of the author and TPG. This is one way TPG continues to provide our readers with free news and advice about travel.

The Business Platinum Card from American Express UK has plenty of features that can help business owners both at work and while travelling. Here are our favourite benefits of the card.

Cashflow Solutions

We’ve discussed how the payment terms of the Business Platinum Card can provide valuable cashflow solutions providing up to 54 days each and every month for businesses to use the card for business expenses before payments are due.

Earning Valuable Rewards Points

TPG UK values Membership Rewards points, the points currency of American Express UK higher than any other airline or hotel points available in the UK, at 1.5p each. This means that, in our opinion, one Membership Reward point is worth more than 1 Avios or 1 Flying Club mile. Why? Because they can be transferred to various different airline and hotel loyalty programmes, giving you the flexibility to use these points on dozens of different airlines and dozens of different hotel brands. You won’t be limited to one alliance or chain — you can keep the Membership Rewards points for a rainy day and then choose then where you want to transfer them to.

The Business Platinum Card will earn you one Membership Reward point for every £1 you spend, with double points for flights, hotels, car hire or experiences with American Express Travel, which can be very lucrative if you or your staff are doing plenty of business travel.

Protecting and Rewarding Your Employees

While all the Membership Rewards points will pool into your account as the primary cardholder (allowing you to use them how you wish), you can issue up to 99 employees with a Gold Business Card for their business expenses. You’ll earn points faster, and they will also receive the following benefits at no extra cost, which combined can potentially provide hundreds of pounds value to each employee, including:

  • Travel Accident/Business Travel Accident Cover
  • Travel Inconvenience Cover
  • Medical Expenses and Repatriation Cover
  • Baggage, Money and Documentation Cover
  • Retail Insurance – Purchase & Refund Protection
  • Online Fraud Protection

Its worth noting that some of the insurance benefits require enrollment before using.

Travelling in Comfort and Style

We love airports and flying here at TPG but recognise it can be stressful. Whether you’re travelling for business or pleasure, there is a huge list of travel perks that will make your journey far more comfortable — from when you arrive at the airport right through to checking out of your hotel.

The Business Platinum Card comes with a complimentary Priority Pass membership that also lets you bring one guest. With more than 1,000 lounges in the Priority Pass worldwide network, including restaurants, you should have a lounge within striking distance no matter where you travel. There are dozens and dozens of Priority Pass lounges in the UK and across Europe, and they are great for sending out that last urgent email before boarding a flight.

If you’re a frequent traveller to the USA, the Business Platinum Card gives you access to the very best network of domestic lounges in the US — the Centurion Lounges. Amex has spent plenty of resources building these lounges, and they’re worth every penny. With food menus from award-winning chefs, top-shelf cocktails, complimentary massages, spa treatments and more, the Centurion Lounges are a bright spot of the domestic US lounge network. With Centurion Lounge access, you can also guest in two fellow travellers for free. Amex is set to open a Centurion Lounge at London’s Heathrow Airport (LHR) early next year.

Amex Fine Hotel & Resorts is a programme that also offers additional value. Along with providing extra perks when you book a hotel room through the programme — such as complimentary breakfast for two, late checkout, free Wi-Fi, room upgrades when available and a benefit specific to each hotel, such as a $100 on-property credit — you can also sometimes find offers for free nights when staying three or four nights at a property. If you travel a lot, the benefits to be had from the Amex FHR programme alone — especially free breakfast for two people — can offset the annual fee on its own.

The Amex Business Platinum provides you with comprehensive travel insurance with no excess payable.

Although not publicly listed, American Express has advised TPG UK that there are also not one, not two, but five elite hotel statuses provided to the primary and up to two Platinum supplementary cardholders in the following programmes:

  • Hilton Honors Elite Gold status
  • Marriott Bonvoy Gold status
  • Melia Rewards Gold
  • Radisson Rewards Gold status
  • Shangri-La Golden Circle Jade Membership

Depending on the programme, the status provides you with a range of benefits when staying at a property belonging to that programme like room upgrades, welcome gifts, bonus points, early check-in and late checkout, subject to availability. Expect to have a much more comfortable stay with these statuses in your pocket.

No spending limits

This card is a charge card, meaning it does not have a limit, so you can use it anywhere American Express is accepted. You don’t have to worry about large business purchases being declined (or forever listed as ‘pending’) because you’ve reached a credit limit — there isn’t one. Note that the balance must be paid in full every month.

Bottom line

Having the right card in yours and your employees’ pockets to help your business grow can make a big difference, both in the office and when you’re on the move, at home and abroad.

We think the Business Platinum Card from American Express UK is the most feature-packed business card available in the UK today.

You can apply for this card here.

Featured photo by John Gribben/The Points Guy.

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.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.