New Benefits for the American Express Business Platinum Card — Hotel Elite Statuses, Metal Card and More

Jun 25, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Following a recent refresh of the personal Platinum Card from American Express UK, the business version of the card has also undergone significant changes.

As of today, the American Express Business Platinum Card has undergone a refresh as well. Along with adding some benefits, the card is also retaining many of the favourites that have long been on offer.

New Benefits

There are several new benefits now available for the primary cardholder and their supplementary cardholder:

  • A complimentary annual digital subscription to The Times and The Sunday Times (worth £312 annually)
  • £150 credit on every private home rental stay booked with OneFineStay

Although not publicly listed on the offer page, American Express has advised TPG UK that cardholders will also receive the following benefits:

  • Complimentary Gold status in the following hotel programmes: Hilton Honors, Melia Rewards and Shangri-La Golden Circle Jade
  • An improved Amex app with a new Global Dining Collection booking platform and Mobile Messaging feature to connect with the Concierge service
  • The card itself (both primary and supplementary) will now be made from metal rather than the typical plastic material.
(Photo by Isabelle Raphael/The Points Guy)
(Photo by Isabelle Raphael/The Points Guy)

Increased Fees

All of these new benefits do come at a cost though. The annual fee is increasing from £450 to £595 for the primary cardholder, and American Express UK has advised TPG UK that while one supplementary Platinum cardholder will still be complimentary, a second supplementary Platinum card will cost £295. Although all Membership Rewards earned will go to the primary cardholder, the supplementary cardholder(s) can enjoy all the other benefits.

The cardholder can still opt to have up to 98 additional cardholders issued with gold business cards, linked to the primary account.

For new applicants, the increased fee is payable immediately. For existing cardholders, the new fee will be charged on your next anniversary date where that date is on or after 16 September 2019.

What’s Not Changing

The welcome bonus remains at 40,000 Membership Rewards points when you spend £6,000 in your first three months of being a cardholder. Based on TPG UK’s most recent valuations, we value those 40,000 points at £560. Plus, you’ll earn bonus points for each pound spent working towards that minimum spending requirement.

Cardholders will continue to earn 1 Membership Rewards point for every full £1 spent on both primary and supplementary cards. You’ll earn 2 Membership Rewards points for every £1 spent on flights, hotels, car hire or experiences booked through American Express Travel.

A major downfall of the card is remaining even with the refresh, however. Amex is keeping the 2.99% foreign transaction fee on international purchases. So, for foreign purchases, it might still be best to use a card that doesn’t charge a fee.

That said, many of the benefits that have been favourites of business owners are not changing. For example, primary and secondary cardholders will still get the Business Platinum Card’s preferred lounge access benefits. Included in that is access to more than 1,200 lounges around the world — both Amex Centurion Lounges, as well as a Priority Pass membership. Cardholders can bring two guests into Centurion Lounges and one guest with them to Priority Pass lounges. Amex is set to open a new Centurion Lounge in London Heathrow’s Terminal 3 later this year. Finally, the card allows you to access Delta Sky Clubs when you’re travelling on a same-day ticket with Delta Air Lines.

The Amex Centurion Lounge in Miami Airport. (Photo by Zach Honig/The Points Guy)
The Amex Centurion Lounge in Miami Airport. (Photo by Zach Honig/The Points Guy)

Along with the continued lounge access, cardholders still have access to the Amex Fine Hotels & Resorts programme, which can provide some incredible value on hotel stays. From complimentary upgrades when available to complimentary breakfast every day of your stay for two people, late checkout and more, you can get some great benefits from the program.

The Amex Business Platinum will remain a charge card (rather than a credit card), which has no spending limit, but you’ll need to pay the balance in full each month.

Bottom Line

American Express is adding some incredibly valuable benefits with this product refresh. In theory, business owners will be able to take advantage of many of the new benefits, such as the digital newspaper subscription, hotel elite status and OneFineStay credits. However, that also comes at a cost. While you’re getting more benefits, the annual fee is also increasing to £595.

If you’re able to maximise the benefits of the Business Platinum Card, the annual fee to be paid can be more than worth it. Stay tuned to TPG UK for more analysis on the benefits of the refreshed Business Platinum Card.

Featured image by Josh 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.