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The Business Platinum Card from American Express has long been considered one of the best Business cards in Canada. This classy metal card is back to all its glory with a new welcome bonus offer of 50,000 points when you charge $7,000 in purchases to your Card in your first three months of Cardmembership. While Amex Canada has decided to increase the welcome bonus from 35,000 to 50,000 points, the spend requirement for the bonus has been maintained at $7,000. The referral bonus too has been increased from 5,000 to 20,000 points. This is a marked improvement from May 2020, and I am glad for it.

 

Business Platinum Card from American Express (2020) – Apply Now

Business Platinum Card

  • Annual Fee: $499
  • Welcome Bonus: 50,000 points when you charge $7,000 in purchases to your Card in your first three months of Cardmembership
  • Earning Rate:
    • 1.25 Membership Rewards® points for virtually every $1 in purchases and get the most out of your business expenses
  • Other Key Benefits:
    • Refer a friend or family member who is a business owner and you could earn a referral bonus of 20,000 bonus Membership Rewards® points for each approved referral up to a maximum annual referral bonus of 225,000 Membership Rewards points.
    • 55 interest-free days and No Pre-Set Spending Limit. Purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history
    • American Express Global Lounge Collection which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
    • Benefits at Toronto Pearson International Airport: Access to Pearson Priority Security Lane, Complimentary valet service at the Express Park and Daily Park, 15% discount (statement credit)on parking rates at the Express Park and Daily Park
    • Comprehensive Travel Insurance coverage:
      • Emergency Medical (out of province/country)
      • Trip cancelation and Trip Interruption Insurance
      • $500,000 Travel Accident Insurance
      • Car Rental Theft and Damage Insurance
      • Lost and Stolen Baggage Insurance
      • Baggage Delay Insurance
      • Flight Delay Insurance
      • Hotel/Motel Burglary Insurance
      • …and more
    • Access to specialty services, preferential treatment;
      • Marriott Bonvoy Gold Elite Status
      • Dedicated Concierge team
      • Fine Hotels & Resorts
      • …and more
  • Redeem Membership Rewards® points:
    • Points transfer to various airline frequent flyer programs like Aeroplan®, Avios® or to hotel loyalty programs like Marriott Bonvoy
    • The Fixed Points Travel Program, which offers fixed points amounts for eligible flights, regardless of when you travel
    • Statement credits for any eligible purchase charged to the Card. For eligible Travel Purchases 1,000 points=10 statement credit, and for all other eligible purchases 1,000 points=$7 statement credit
    • Use points to pay for your Amazon.ca purchases at checkout
    • Use points for wide range of gift cards and merchandise

Referral Bonus – Business Platinum Card from American Express

Current Cardmembers can refer a friend or family member who is a business owner, and earn referral bonus of 20,000 points for each approved referral. The friend or family member that is approved using the referral link earns a welcome bonus of 75,000 Membership Rewards points.