The Platinum Business Credit Card from American Express is, as the name would suggest, a platinum credit card that caters for the needs of businesses. This is a card designed for those with good or excellent credit, and offers an introductory 0% APR on purchases for twelve months. Upon expiry of the interest free period, the interest rate on purchases reverts to the card's standard variable rate, listed above. The variable interest rate charged on cash advances with this business credit card is 20.24 percent. There is no annual fee to pay with this card.
For balances that are transferred on to this business credit card, American Express offers a 4.99 percent interest rate, which is fixed for the life of the transferred balanced. This card also offers membership to the reward program, where you can earn points for redemption against services, purchases, and benefits. The earnings potential on points with this program has no limits, and there is no expiry on the points.
Additional cards for other cardholders are free with this credit card; however, an annual fee of $10 may be charged on the account in the event that there are more than two additional cardholders. Late repayment fees can vary from $15 to $35 depending on the balance of your credit card. There is also an unauthorized borrowing fee of $35 should you exceed the credit limit on this card.
Additional cardholder benefits with this business credit card include: Internet account management services, purchase protection, extended warranty for purchases, travel accident insurance, luggage insurance, car rental insurance, emergency card replacement,
free business checkbooks, and discounts at FedEx, Kinko's, Staples, and other participating merchants.
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