The American Express Platinum Business Credit Card is appropriate for business owners who have good credit and prefer to use one card to manage all business-related expenses and carry a monthly balance. The interest rate is based on the cardholders credit history and can range from 2.99% to 9.99% plus prime rate and provides an option for paying business expenses over time instead of all at once. The APR on cash advances is 22.99% variable, based on prime rate.

The card has no annual fee and has a 0% introductory interest for the first twelve months on purchases with a fixed rate of 4.99% for the life of any balance transfer that is made at the time of the application. There is no balance transfer fee associated with this card, but future balance transfers may incur a fee. Cash advances will be assessed a 3% Express Cash transaction fee with a minimum charge of $5.

There is also a Membership Reward Options program attached to this card at no additional cost. It gives cardholders the opportunity to redeem any points they have accumulated for various benefits and services. There is no yearly limit on how many points you can accumulate and no expiration date for redeeming accumulated points. Points are earned at the rate of one point per dollar spent and can be redeemed for merchandise, entertainment, and benefits that are related to travel.

Other benefits that are related to American Express Platinum Business include the following:

Online account access

Protection of purchases

Extended warranty for purchases

Travel accident insurance up to $100,000

Insurance for lost luggage

Insurance for car rental

Emergency replacement of cards

Business checkbooks at no additional charge

American Express Connections Calling Card at no charge including ten minutes free monthly for a year and eighteen cents a minute after that

Access OPEN, The Small Business Network services

Discounts at FedEx, Kinkos, Staples and other merchants participating in the offered programs

Business owners who have good credit will find the benefits quite attractive, but the interest rates based on credit history may not be attractive to others. Its important to keep that in mind when deciding whether this card will serve your business needs.