Our editors are currently reviewing the American Express Platinum Business credit card.
A little more detail...
Rates and Fees
Special Note..
Any good?
Typical APR
15.9% APR (variable)
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Balance Transfer Rate
15.9% p.a.
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Balance Transfer Fee
2%
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Cash Withdrawal Rate
25.9% p.a. (variable)
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Cash Withdrawal Fee
3% (£3 minimum)
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Annual Fee
£0
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Foreign Transaction Fee
2.73%
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Rewards
Special Note..
Any good?
Reward Type #1
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MoneyBack
Up to 2% - 0.5% for aggregate amounts up to £5,000 - 1% for aggregate amounts from £5,001 to £10,000 - 2% for aggregate amounts in excess of £10,001. Cash back will be credited to your account annually. Up to a maximum earning of £1,000 per account per year.
Reward Type #2
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Small Business Savings Network
Trade discounts, partners include - HP - Hertz - Eurostar - Radisson Edwardian Hotels - DHL - and more.
Reward Type #3
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Platinum Business Travel Service
Travel booking service offering flight and hotel bookings and multi-destination itineraries. - Up to 20% savings when you book online.
Extras
Special Note..
Any good?
Online Account Management
Yes
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Purchase Protection
Up to £20,000 per year
Purchases made with this card will be protected against theft or accidental damage for 90 days after the purchase date. - All claims carry a £50 excess - Exclusions do apply.
Internet Fraud Guarantee
Yes
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Travel Accident Insurance
Up to £150,000
For business trips, when you buy your ticket with the American Express platinum business credit card in order for the insurance to apply.
You have to clear outstanding interest fees and any balance transfer amounts *before* you will be able to repay balances resulting from purchases and cash withdrawals.
Default Charges
£8
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Copy of Statement Fee
£5
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Card Details
Special Note..
Any good?
Online Application
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Yes
Remember: always ensure you meet the application requirements before applying, as getting rejected can affect your credit score.
Needed Income
£20,000 or more
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Card Type
Platinum
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Payment Company
American Express
Retailers and ATM machines displaying the 'American Express' logo will accept this card.
Card Issuer
American Express
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Card Advertiser
American Express
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At a Glance
Typical APR
15.9% APR
Credit Limit
£1,500 or more
Balance transfer
15.9% p.a. (2% transfer fee)
MoneyBack
Up to 2% cash back
Interest free period
Up to 56 days on purchases
Annual fee
£0
This card includes:
Online Account Management
Purchase Protection Insurance
Internet Fraud Guarantee
Travel Accident Insurance
It is best suited for:
Reasonably heavy spenders who want to benefit from business discounts and a travel booking service.
Wait! Only apply if you are...
Aged 18 or over
Have a permanent UK home address
The company has been trading for over 1 year
You or the company has no County Court Judgements for non-payment of debt
Your income is over £20,000
More about this card...
American Express Services Europe Limited
Portland House
Stag Place
London SW1E 5BZ www.americanexpress.co.uk
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