Platinum Business Credit Card

No Annual Fee Pay Over Time or In Full 0% APR for the First 12 Months on Purchases Option to Enroll in Fee Free Rewards Program

Review: The Platinum Business Credit Card, issued by American Express®, is an ideal card for business owners with good credit who prefer to manage all business related expenses on one credit card and plan to carry a revolving balance. The card has a reasonably low interest rate for those who qualify, providing a low cost option for paying business expenses over time. The card also offers a 0% introductory rate for twelve months on purchases and a fixed 4.99% introductory rate for the life of a balance transfer made during the application process. Those who are familiar with American Express® cards know that a variety of services and benefits are available to cardholders that include various purchase security features, up to $100,000 in travel accident insurance, and special discounts at participating merchants including AT&T®, FedEx®, 1-800-FLOWERS.COM®, Hertz®, and Staples®. However, it is important to review the disclosures for participating merchant discounts, as restrictions and limitations do apply in order to take advantage of the discounts. Cardholders are also granted access to the Membership Reward Options program for no additional annual fee. The program offers cardholders the opportunity to redeem accumulated points for various services and benefits. For those who are not familiar with the Membership Reward Options program, it is one of the most flexible credit card reward programs available as it has no yearly limit and no expiration applied to earned points. Therefore, those who qualify for the lowest rate offered, are planning to carry a revolving balance (due to the low interest rate), and will be able to take advantage of the discounts and reward program offered may find the Platinum Business Credit Card beneficial.

Date of Review: 2006-04-08 00:00:00

Notes: Card is currently unavailable to residents of Puerto Rico. The APR for purchases varies according to the applicant's credit history and is either 2.99%, 4.99%, 6.99% or 9.99% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: Various Internet account related services. Purchase protection. Extended warranty for purchases. Up to $100,000 in travel accident insurance. Lost luggage insurance. Auto rental insurance Emergency card replacement. Free business checkbooks. Free American Express® Connections Calling Card that features ten free minutes monthly for a year and thereafter 18¢ a minute. Access to Membership Reward Options program for no additional annual fee. Access to OPEN: The Small Business Network services. Discounts at FedEx®, Kinko's®, Staples®, and other participating merchants. See website for additional benefits.