Amex Business Gold vs. Amex Business Platinum: Which Is Better For You?

When it comes to choosing a business credit card, American Express offers a range of options tailored to different business needs. Among the notable choices are the Amex Business Gold and Amex Business Platinum cards.

Each card comes with its own set of features, benefits, and costs, making the decision between the two an essential consideration for business owners.

In this comparison, we will explore the key attributes of Amex Business Gold and Amex Business Platinum, helping you make an informed choice based on your business priorities and preferences.

Amex Business Platinum

Welcome offers provide high points after fulfilling a spending threshold, which entices new cardholders to apply. However, you should also think about if you can comfortably satisfy the minimum expenditure need within the allotted time frame, in addition to the advantage you will gain.

Within the first three months of opening your Amex Business Gold account, you can spend $10,000 on eligible purchases to receive 70,000 Membership Rewards points. Using our points valuations methodology, which values Amex points at 2.0 cents apiece, this welcome bonus could be transferred to a high-value travel partner and be worth almost $1,400.

With high-value travel partner transfers, you may earn 120,000 points for the Amex Business Platinum card after spending $15,000 on eligible purchases during the first three months. These points are valued at around $2,400. Because it delivers a larger bonus, the Amex Business Platinum triumphs in this area.

However, because the Business Gold bonus has a lower spending requirement, it is more accessible. If you choose to open the Business Platinum, make sure your company can afford the additional $15,000 to be spent in three months.

When your company spends the most in each of the six areas that the Amex Business Gold is eligible for, it earns 4X points in the top two categories (up to $150,000 in combined purchases annually, after which it receives 1X points).

Direct purchases of airline tickets, some advertising in the United States, petrol stations, restaurants, shipping expenses inside the United States, and computer software, hardware, and cloud solutions directly acquired from qualified suppliers are among the categories. Additionally, all other qualified purchases will earn you 1X point.

With qualifying expenditures of $5,000 or more, as well as qualifying purchases in important business sectors, the Amex Business Platinum earns 1.5X points (up to $2 million per calendar year).

Businesses with less travel and more diverse expenditure that fits within 4X categories may find Business Gold to be more beneficial than Business Platinum, which greatly favors travel and major purchases.

Amex Business Gold

The Amex Business Platinum has a far higher annual charge of $695 than the Amex Business Gold, which has an annual fee of $295 ($375 if the application is submitted on or after 2/1/24).

The Amex Business Platinum card is $400 more expensive annually than the Amex Business Gold card, but if you take use of all of the latter's features and statement credits, it will win this competition.

Points are accrued when you use either card. However, whether the Amex business card best suits your spending patterns will determine which is the ideal choice for you. For instance, you'll probably make more money with the Amex firm Gold than the Amex Business Platinum if your small firm spends more on specific business expenses than on travel.