American Express Platinum Business Card: 350,000 bonus Points

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american express business platinum sbs credit card

American Express Platinum Business Card: 350,000 bonus Points

american express business platinum sbs credit card

Eligibility criteria, minimum spend, terms and conditions apply

Earn Up to 2.25 Points per $1 spent

Earn 2.25 points per $1 spent (excluding government spend where you’ll earn 1 point per $1 spent)

Valuable lifestyle and travel benefits

Enjoy complimentary Accor Plus Membership (value $399 AUD), airport lounge access, elite hotel statuses & more

350,000 Membership Rewards Bonus Points

Apply online by 25 June 2024, be approved and spend $12K within 3 months of approval. T&Cs apply, new American Express Card Members only

Run a business or hold an ABN? For a limited time, you could earn a huge 350,000 Membership Rewards Bonus Points with the American Express Platinum Business Card.

Simply apply by 25 June 2024, be approved and spend $12,000 on eligible purchases on your new American Express® Platinum Business Card within 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.

What is 350,000 Membership Rewards Points worth?

350,000 Membership Rewards Points is enough to get travelling in style with a range of leading airline and hotel programs. It’s worth the equivalent of 175,000 Qantas Points, 175,000 Velocity Points or 175,000 Qatar Airlines Avios.

The points could also be used to redeem $1,750 credit on your Card account.

Throw in a range of lifestyle and travel benefits and a generous earn rate of up to 2.25 points per $1 spent and no pre-set spending limit, and it’s not hard to see why the Amex Platinum Business Card is worth its weight in … platinum.

Go to the secure, mobile-friendly American Express application form to apply now for this offer.

Or, read on to discover the key features that position the American Express Platinum Business Card ahead of the pack.

Get 350,000 Membership Rewards Points

The 350,000 Membership Rewards Bonus Points will be awarded 8-10 weeks after the spend criteria has been met.

The American Express Platinum Business Card earns directly into American Express Membership Rewards, which boasts a range of leading airline and hotel program transfer partners.

As a flexible rewards program, Membership Rewards is highly valued by savvy travellers. With no lock-in to one frequent flyer scheme and no points expiry, points can be earned and redeemed at leisure.

350,000 Membership Rewards points is equal to 175,000 points or miles with leading airline programs such as Qatar Airways Avios, Cathay Pacific Asia Miles and Virgin Atlantic Flying Club. It’s also one of the only flexible rewards program cards in Australia to allow one-off transfers to Qantas Frequent Flyer.

Subject to availability and airline taxes/fees, transferring your sign-on bonus to an airline partner program could see you enjoy an aspirational reward flight.

Enjoy two complimentary Priority Pass memberships (worth $858 USD in total)

Whether travelling for business or leisure, airport lounge access is a valuable benefit that will allow you to relax before your flight. As you’d expect, the Amex Platinum Business Card delivers premium benefits here, with complimentary Priority Pass membership for the primary Card Member and one nominated additional cardholder.

Priority Pass operates Airport Lounges in over 500 cities and boasts an extensive footprint in Australia. A Priority Pass membership also unlocks many lounges overseas.

If you were to purchase a standalone Prestige Priority Pass membership, this would normally set you back $429 USD per person (or $858 USD for the two memberships available to each American Express Platinum Business Card Member). So, simply by using this benefit, you can extract significant value from your card.

Additional guests are charged per visit, please contact Priority Pass direct for the latest rates.

Plus, access other global airport lounges

The American Express Platinum Business Card also provides access to a range of other premium airport lounges. These include:

  • The Centurion® Lounge and International American Express Lounges
  • Plaza Premium Lounges, and
  • Delta Sky Club Lounges when travelling on Delta
American Express Platinum Business Credit Card Fine Hotels & Resorts grants access to  The Centurion® Lounge
<em>The Centurion® Lounge<em>

Cardholders must present their physical eligible card to gain entry to the lounge.

Obtain complimentary Accor Plus membership (worth $399 AUD)

Accor Plus is a popular membership scheme that offers a free night’s stay at selected hotels and up to 50% savings at a participating property when you dine out. Members also receive a fast track to elite Le Club Accor Hotels Silver membership status.

The listed benefits can be used at over 800 participating Accor properties in the Asia Pacific. There are several participating hotels in Australia, including a range of five-star properties.

Even if you only stay or dine at Accor properties infrequently, an Accor Plus membership can provide you with significant savings. The free night, while subject to availability, can be worth over $400 alone. You’ll get maximum value by using it for a stay at a high-end brand such as a Sofitel, MGallery or Pullman.

Get a fast track to elite hotel status with leading chains

Obtaining elite tier status with a hotel loyalty scheme usually requires many stays and a significant spend outlay.

However, the American Express Platinum Business Card delivers instant elite membership for primary and additional cardholders across multiple programs, including:

  • Hilton Honors (Gold Status). Hilton operates over 500 properties worldwide
  • Marriot Bonvoy™ Gold Elite Status. Over 6,500 properties come under the Marriott umbrella
  • Radisson Rewards Premium Status

The benefits on offer vary between programs but may include room upgrades, early and/or late checkout (subject to availability), breakfast (at selected Hilton properties) welcome amenities, and free internet access.

Over time, these perks can provide you with significant value for money when you travel.

Access exclusive American Express Fine Hotels + Resorts privileges

American Express Platinum Business cardholders enjoy exclusive access to American Express Fine Hotels + Resorts.

The program offers a suite of valuable hotel perks at over 1,200 hand-selected 5-star properties worldwide – but only when you book direct with Amex. Complimentary benefits include:

  • Daily breakfast for two people
  • Room upgrades when available
  • Noon-check in when available
  • A special amenity at each property (this is often a $100 USD room credit that can be used towards eligible spend at the property).

Fine Hotels + Resorts is also one of the only programs to offer a guaranteed 4 pm late check-out.

By using Fine Hotels + Resorts, it’s possible to extract significant value. In fact, Amex states that the complimentary benefits on offer average a total value of more than $700 AUD for a two-night stay.

American Express Platinum Business Credit Card Fine Hotels & Resorts

Stay informed with The Australian Premium subscription

American Express Platinum Business Card members and additional card members can stay informed with The Australian Premium subscription.

This subscription gives you access to news coverage and analysis from here and around the world across all your devices as well as access to The Wall Street Journal. In addition, you will have access to exclusive member-only features including a weekly curated eNewsletter featuring a selection of the best reads from The Australian and global news partners including The Economist and Harvard Business Review, as well as biannual virtual events.

The complimentary digital subscription to The Australian Premium is available to American Express® Platinum, Platinum Business, Corporate Platinum and Qantas Corporate Platinum Card Members, including Additional and Employee Card Members.

Earn stacks of points on your business spend

If you’re running a business, you have untapped points earning potential. Simply put, you’re in a unique position to earn piles of points when you pay your expenses – often at no extra cost to you.

And the fact is, beyond the initial sheen of a sizeable sign-on bonus, the business card you choose should offer a competitive ongoing earn rate. As you’d expect, the top-tier American Express Platinum Business Card delivers here, offering the highest everyday earn rate of any publicly available American Express business card in Australia.

You’ll earn a flat 2.25 points per $1 for all spend, except with government bodies where you’ll collect 1 point per $1.

Better yet, there’s no cap on how many points you can earn each month or year.

And, with American Express widely accepted by merchants across Australia, there’s no shortage of places you can use your Card.

Points Transfer Rates

The American Express Platinum Business Card unlocks transfers to a range of airline and hotel rewards programs at the following rates:

Airline partnerRedemption rate
Velocity Frequent Flyer2 Membership Rewards points = 1 Velocity Point
Qantas Frequent Flyer2 Membership Rewards points = 1 Qantas Point
Qatar Airways Privilege Club2 Membership Rewards points = 1 Avios
Cathay Pacific Asia Miles2 Membership Rewards points = 1 Asia Mile
Etihad Guest2 Membership Rewards points = 1 Etihad Guest Mile
Hawaiian Airlines2 Membership Rewards points = 1 Hawaiian Mile
Malaysia Airlines2 Membership Rewards points = 1 Enrich Mile
Thai Royal Orchid Plus2 Membership Rewards points = 1 Royal Orchid Plus Mile
Virgin Atlantic Flying Club2 Membership Rewards points = 1 Virgin Point
Singapore KrisFlyer3 Membership Rewards points = 1 KrisFlyer Mile
Emirates Skywards3 Membership Rewards points = 1 Skywards Mile
Air New Zealand200 Membership Rewards points = 1 Airpoints Dollar
Hotel partnerRedemption rate
Marriott Bonvoy3 Membership Rewards points = 2 Marriott Points
Hilton Honors2 Membership Rewards points = 1 Honors Point

American Express Platinum Business Card Insurances

The American Express Platinum Business Card provides a suite of complimentary insurances. The products include:

  • Travel Inconvenience Cover
  • Medical Emergency Expenses Cover
  • Public Transport Accident Cover
  • Baggage, Money and Documents Cover
  • Trip Cancellation and Amendment Cover

Complimentary Travel Insurance cover is extended to Employee Card Members.

Before deciding to take up any of these insurance products, and to find out more information about coverage requirements, you should refer to the card PDS and terms & conditions here.

Take advantage of Flexible Payment Option

Flexible Payment Option is a new initiative, recently launched by American Express.

It works like this: Essentially, if you prefer not to pay your monthly Closing Balance in full, you have the option to carry a portion of it forward, up to your Flexible Payment Option Limit each month. With an instant line of credit, you can free up your cash flow without depending on an overdraft or business loan. Note that interest charges of 23.99% per annum apply.

Save time and money for your business with other benefits

The American Express Platinum Business Card unlocks plenty of other benefits designed to offer additional value for you and your business. There are too many to cover here in full, but they include:

  • Integration with leading business software: keep track of business expenditure using Quicken or MYOB
  • Arrange up to 99 additional cards: Additional cards can be provided to employees at no charge. The points earned are credited to your account. Additional cardholders will be able to access many of the exclusive perks we’ve covered above
  • Amex Experiences App: Get access to a 24/7 Premium Concierge service in your pocket, where you can access information on Platinum benefits, travel offers, events and recommended merchants

American Express Platinum Business Card eligibility

The American Express Platinum Business Card is designed for ABN holders with an annual business revenue of at least $75,000.

To be eligible to apply, you’ll also need to be over 18 years old and an Australian citizen or permanent resident.

To receive the 350,000 bonus Membership Rewards points, you must not currently hold or have previously held any other Card product issued by American Express Australia Limited in the preceding 18-month period. Previous and existing bank-issued American Express companion Card Members are eligible for this offer.

American Express Platinum Business Card Annual fee and credit limit

The annual card fee for the Amex Platinum Business Card is $1,750. This may be tax-deductible if you are using your card solely for business purposes. You should speak with your accountant or tax advisor to fully understand the tax implications.

Card Members who currently hold or who have previously held any other Card product issued by American Express Australia Limited in the preceding 18-month period are ineligible for this offer. Credit will be provided within 8-10 weeks of Card approval.

While the annual fee is significant, it’s entirely possible to offset it by using just some of the premium perks we’ve covered in this article.

The American Express Platinum Business Card is a ‘Charge’ Card, which means there is no fixed credit limit. While Charge Cards have no pre-set spending limit, you’ll need to pay off the full balance each month. More information about this is available via the secure application form.

The American Express Platinum Business Explorer Credit Card also carries an Interest Rate of 23.99% p.a. on all purchases.

Don’t miss 350,000 Membership Rewards Bonus Points with the American Express Platinum Business Card

When it comes to premium rewards and benefits, the American Express Platinum Business Card is arguably unmatched.

The secure, mobile-friendly application form takes less than 10 minutes to complete and Amex may be able to give you a response in less than 60 seconds.

Head to the secure American Express website now to learn more and apply.

The Champagne Mile may earn a commission when you apply for this Card via a link in this post. Thanks for your support. 

American Express Platinum Business Card: 350,000 bonus Points

american express business platinum sbs credit card

American Express Platinum Business Card: 350,000 bonus Points

Eligibility criteria, minimum spend, terms and conditions apply

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