Image: Business Platinum Card from American Express
Overview
Pros
- 5X Membership Reward Points per $1 of expenditure on select items
- $200 annual incidental credit for airlines
- Rental Elite Statues and Hotel Elite Status
- Purchase protection and cell phone protection
- 0% Intro APR
- 120,000 Membership Rewards points upon purchase of $15,000 within first 3 months
Cons
- Hefty Annual fee
- Higher regular APR
- Not suitable for real estate investors and small business owners that do not travel a lot
- $200 annual airline credit does not cover airfare, only incidentals
If you are a real estate investor who has to travel very frequently (because, it’s business, of course), then the Business Platinum Card by American Express is made just for you.
This card offers you all the benefits of traveling from luxury travel perks to elite lounge access to airline incidental credit.
The Amex Business Platinum Card offers up to $200 annual airline fee credit.
However, this credit can only be exhausted on airline incidentals such as checked bags and inflight refreshments.
As a new member of the Amex Business Platinum Cardholders team, you also get $120,000 Membership Rewards points upon spending $15,000 on eligible purchases with your card within the first three months of being enrolled in the Rewards Membership.
Talking about rewards, you can also get 5X Membership Rewards points on flights and prepaid hotels when you are using amextravel.com to book your flights or hotels.
Amex also offers you 1X points for each dollar you spend on select and eligible purchases.
Image: Amex Business Platinum Card
You also get the long-time perks of having the Amex Business Platinum card, apart from offering $200 annual credit for airline incidentals, this real estate investor credit card also gives you airport lounge access.
As the best credit card for real estate investors and small businesses, this card can give you the privilege to enjoy expedited security along with cost-saving because you will receive a fee reimbursement for a TSA pre-check or a Global Entry fee that is charged on your Amex card.
You get an $85 fee credit every 4.5 years for TSA PreCheck and $100 fee credit every 4 years for Global Entry.
It has ties with 2 major hotel chains which are Marriot and Hilton. When it comes to Marriott, you can receive a 25% points bonus on your stays as well as a room upgrade.
The room upgrade is, however, subject to availability. On the other hand, the Hilton Honors Gold Status allows you to enjoy 2 bottles of water per day, late checkout, and free breakfast daily.
Keep in mind that you must be enrolled in the benefits program through your Amex account to derive benefits of Hotel Elite Status from these two major hotel chains.
Other benefits of this real estate investor credit card include up to $400 annual Dell shopping statement credit and up to $360 annual Indeed statement credit.
You also get up to $150 annual Adobe statement credit and up to $120 annual wireless phone services statement credit.
This real estate investor credit card also includes other travel perks such as trip delay insurance, trip cancellation and interruption insurance, baggage insurance, car rental insurance, rental elite car status, and much more.
The non-travel perks include purchase protection and cell phone protection.
How Does It Compare to Other Options on Our List?
As evident as it is, Amex Business Platinum Credit Card has 0% Intro APR like most other real estate investor credit card options on our list, except for Lowe’s Advantage Card.
The regular APR is variable but comparatively a bit higher than most other options on our list.
However, the regular variable APR is lesser in comparison to the Ink Business Preferred Credit Card.
Unlike most other options on our list, the Amex Business Platinum card charges a hefty annual fee (most of the other cards on our list don’t).
In fact, with a $695.00 annual fee, it charges the highest annual fee on our list which is a huge downer.
However, it does make up with the myriad benefits it offers in terms of travel perks which may only be beaten by Capital One Spark Miles For Business (or maybe not).
