A welcome offer worth up to 300,000 Membership Rewards points is one of the largest in the business card market. The Amex Business Platinum dangles exactly that, but the spend requirement and the $895 annual fee make it a card only certain businesses should chase.
This guide explains the current sign up bonus, the spending you need, what the points are worth, and the fee math as of June 2026. Offers and figures change, so confirm the live terms on the American Express site before you apply.
Key facts at a glance
| Detail | The Business Platinum Card from American Express |
|---|---|
| Issuer | American Express |
| Network | American Express |
| Annual fee | $895 |
| Purchase APR | Variable, see current terms |
| Rewards | 5x travel via Amex Travel; 1.5x large or category purchases |
| Welcome bonus | Up to 250,000 to 300,000 points after $20,000 in 3 months |
| Score needed | Good to excellent (typically 690+) |
| Reports to bureaus | Business reporting, varies |
As of June 2026. Terms and conditions apply. APRs vary by creditworthiness.
The current welcome offer
As of June 2026, Amex advertises a welcome offer of "as high as" 250,000 to 300,000 Membership Rewards points after you spend $20,000 in eligible purchases in the first 3 months. The 300,000-point version has been the strongest offer the card has shown.
The phrase "as high as" matters. Amex personalizes the offer to your profile, so your actual bonus may be lower than the headline. You will not know your exact number until after you apply and are approved.
The spend requirement is steep. $20,000 in three months is roughly $6,700 a month, which only makes sense if your business already runs real expenses through a card.
What the points are worth
Membership Rewards points are flexible. You can transfer them to airline and hotel partners, where careful redemptions can reach 1.5 to 2 cents per point or more on premium travel.
At a conservative 1.5 cents each, a 250,000-point bonus is worth around $3,750 in travel. Redeem for cash or gift cards and the value drops closer to 1 cent, so the bonus rewards people who use the travel transfer partners.
Treat these as estimates. The real value depends entirely on how you redeem, and award availability is never guaranteed.
How the card earns going forward
The card earns 5x points on flights and prepaid hotels booked through Amex Travel, which is strong for businesses with heavy travel. It also earns 1.5x on eligible purchases of $5,000 or more and in select business categories, up to an annual cap.
Everyday spend outside those categories earns 1x, which is modest. This is not a flat-rate everyday card. It rewards travel and large purchases, not general spending.
The $895 fee and whether it pays off
The annual fee is $895, among the highest of any business card. Amex offsets it with statement credits, including credits toward wireless, select travel, and other business services that can add up if you actually use them.
The credits only count if they match how you operate. If you would not otherwise spend in those categories, the credits are not real savings, and the fee stays a real cost. Run the math against your own spending before you commit.
Who should apply
This card fits an established business with genuine travel spend, good to excellent credit, and the ability to hit $20,000 in three months without straining cash flow. For that profile, the welcome offer and travel perks can justify the fee.
If your business is newer, your spending is lighter, or you would carry a balance, this is the wrong card. The fee and spend bar outrun the benefits for most small operations. Confirm the live offer on the Amex site and make sure the spend requirement reflects normal business expenses, not stretched ones.
Frequently Asked Questions
What is the Amex Business Platinum sign up bonus right now?
As of June 2026, Amex advertises an offer of as high as 250,000 to 300,000 Membership Rewards points after $20,000 in eligible purchases in the first 3 months. Your actual offer is personalized and may be lower, and you will see it only after applying.
Is the $20,000 spend requirement hard to meet?
For most small businesses, yes. It works out to about $6,700 a month for three months, so it suits established businesses with real recurring expenses. Do not manufacture spending you would not otherwise make.
Does the $895 annual fee make the card worth it?
It depends on whether you use the statement credits. Amex offers credits toward travel, wireless, and business services that can offset much of the fee, but only if those categories match your actual spending.
How are Membership Rewards points best used?
They deliver the most value transferred to airline and hotel partners for premium travel, often 1.5 cents or more per point. Redeeming for cash or gift cards drops the value closer to 1 cent each.
