Question 1

What is the difference between the American Express® Platinum Business Card and the American Express® Platinum Card?

Accepted Answer

The American Express Platinum Business Card is a Business Card to use for your Business’ expenses. With this Card, both the business entity and the Card Member are liable for the Card’s debts and defaults. Its annual fee is $1,750 p.a. The American Express Platinum Card is a Personal Card to use for your personal expenses and its annual fee is $1,450 p.a. With this Card, the account holder is personally liable for the Card’s debts and defaults. With the Amex Platinum Business Card, you can get up to 99 Employee Cards at no additional fee2 and up to 55 days to pay for purchases4.

Question 2

Does the Amex Platinum Business Card come with a pre-set spending limit?

Accepted Answer

The Amex Platinum Business Card is a Charge Card which comes with flexible spending power, also known as no pre-set spending limit3. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your Business’ credit rating and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, you can make regular transactions and don’t miss any payments.

Question 3

What is the Card Fee for the American Express Platinum Business Card?

Accepted Answer

The Amex Platinum Business Card has an annual Card Fee of $1,750 p.a.

Question 4

What are the benefits of using the Amex Platinum Business Card?

Accepted Answer

The Amex Platinum Business Card is a Premium Card that offers elevated rewards, travel benefits and cash flow solutions to support your Business. Here are some of the main ones:

Cash flow support: Extend your cash flow with up to 55 days to pay for purchases4 and grow your purchasing power over time to meet your Business’ needs with flexible spending power3.
Travel benefits: Access over 1,400 airport lounges worldwide7 through the Centurion® Lounge network and Priority PassTM, gain elite status with the loyalty programs27 of Hilton Honors, Marriott BonvoyTM and Radisson RewardsTM, get complimentary annual membership to Accor Plus16, as well as access to the Hertz Gold Plus Rewards® loyalty program19.

Question 5

How can I use Amex Membership Rewards® points on the Card?

Accepted Answer

Whether it’s on travel, using points to shop online30 or reducing your Account balance, the Amex Membership Rewards Program lets you choose from a wide range of rewards:

Use Points for Purchases: You can use your points to pay for eligible purchases on your Card12 or use a combination of points and payment. You can also use your points to pay for your annual fee on selected Cards or to get a credit on your Account14.
Use Points to Travel: You can transfer your Membership Rewards points to a wide range of airline and hotel partner programs11; or use your points to book flights, hotels or car rental with Amex Travel Online9.
Use Points for Gift Cards: You can redeem your points for Gift Cards13 from leading brands and retailers to reward your employees, your clients or yourself.

Question 6

Can I pay for my purchases over time?

Accepted Answer

The Amex Platinum Business Card comes with Flexible Payment Option. FPO is an existing line of credit feature embedded into your Charge Card, allowing you to free up cash flow. Instead of paying your balance in full each statement period, you can choose to pay off a portion of it (up to your FPO limit) over time (interest charges apply)8.

Question 7

How can I pay my suppliers if they don't accept Amex or Card payments?

Accepted Answer

You can apply for American Express AccessLine with the Amex Platinum Business Card to make domestic payments to virtually any Australian business, even if they don’t take Card payments28. It is an easy-to-use payment portal which allows you to use your Amex Card to pay directly into your supplier’s bank account. Please note that a Trade Service Fee of up to 2.15% applies to all AccessLine transactions (unless we advise you otherwise).

Question 8

How do I upgrade to the Amex Platinum Business Card?

Accepted Answer

If you are a current Amex Business Card Member, you may be eligible to upgrade your current Card to the Platinum Business Card. To see if you are eligible, call the number on the back of your Card.