By Uday Devgan
Updated On August 2, 2022

American Express Platinum Corporate Card is a pure premium offering by American Express for corporates to enjoy the luxurious benefits across travel and Dining. It is a superior version of the AmEx Corporate Card. The card has been designed for corporates that incur a lot of travel expenses and have to undertake business from different parts of the world. It provides world-class offerings with benefits and privileges at a great level. It provides the corporates to get more out of their travel expenses and enjoy the luxurious experience with Unlimited access to 1200+ Airport lounges across the globe via the American Express Global Lounge Collection. You can get benefits from the Travel Services Helpline, which is exclusively designed for the Platinum Cardmembers that provides personalized travel assistance and consultancy.

With American Express Platinum Corporate Card, you can get Membership Rewards points on all your business expenses. And get a choice of redemption options like gift vouchers, transferring points to air miles or Hotel partners, and much more. You also get Complimentary membership to Taj Reimagined Epicure membership and benefits with Hertz Gold Plus Rewards membership. The card also provides Platinum Protection like Travel Insurance and Overseas Medical Insurance. On top of that, it offers tons of services like Platinum Concierge Services, Global Assist services, 24 Hours Platinum Service and Online Account Services. Let’s explore more about this Amex platinum offering for the corporates with the detailed review below:

(4.5/5)

Best Suited For

Travel | Dining |

Joining Fee

NIL

Reward Type

Reward Points |

Product Details

  • Complimentary membership to Taj Reimagined Epicure membership.
  • Complimentary enrolment to the Membership Rewards programme where points never expire.
  • 1 Membership Rewards Point for every Rs. 100 spent on purchases of telecommunications, insurance, fuel and other utility services.
  • 1 Membership Rewards Point for every Rs. 40 on all other spending.
  • Complimentary access to 1200+ lounges under American Express Global Lounge Collection.
  • Enjoy benefits with Hertz Gold Plus Rewards membership.
  • Enjoy premium services like Platinum Travel Services, Platinum Concierge Services, 24 Hours Platinum Service and much more.
  • Zero Lost Card Liability in case you lost your American Express Platinum Corporate Card.
  • Get Platinum Protection like Travel Insurance and Overseas Medical Insurance.

Rewards and Benefits

Welcome Benefits

Complimentary membership to Taj Reimagined Epicure membership and Hertz Gold Plus Rewards membership.

Movie & Dining

Get complimentary Epicure membership and enjoy savings with a range of discounts on indulgent stays at iconic hotels, dining at award-winning restaurants and much more.

Rewards Rate

1 Membership Rewards Point for every Rs. 100 spent on telecommunications, insurance, fuel and other utility services and 1 Membership Rewards Point for every Rs. 40 spent on all other spending.

Reward Redemption

Redemption options for the Cardholders to choose from gift vouchers to transferring points to air miles and Hotels, cover Card charges or pay with Points while making the payments.

Travel

Complimentary access to 1200+ lounges under American Express Global Lounge Collection, International Airline Program, Benefits in Fine Hotels and Resorts.

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

Get unlimited access to 1200+ Airport lounges across the globe with the American Express Global Lounge Collection.

Insurance Benefits

Platinum Protection like Travel Insurance and Overseas Medical Insurance.

Zero Liability Protection

Cardholder not liable for any fraudulent transaction if loss of card is reported within 3 working days. Maximum liability of up to Rs. 1,000 on reporting after 3 days.

Fees & Charges

Joining Fee

NIL

Renewal Fee

Rs. 29,000 (plus applicable taxes)

Spend based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.5% of the outstanding, subject to a minimum of Rs. 100 (Delinquency Fee)

Fuel Surcharge

1% (2.5% for private fuel) of transaction amount per transaction subject to a minimum of Rs. 10.

Cash Advance Charge

3.5% of the withdrawal amount

Add-on Card Fee

Nil

American Express Platinum Corporate Card Features and Benefits

The American Express Platinum Corporate Card offers tons of benefits and fine privileges for corporates. It offers them to get more out of their travel experience and enjoy the fine benefits across travel, dining, and much more. Let’s understand more about this card:

Welcome Benefits

Complimentary membership to Taj Reimagined Epicure, where you enjoy savings with a range of discounts and benefits like:

  • 25% Discount on Food & Beverage at participating restaurants across hotels.
  • 20% discount on Food & Beverage at Banquets at participating hotels.
  • 20% Discount on Qmin for food deliveries.
  • 20% Discount on Spa Treatments at Jiva Spas, and
  • Get discount vouchers on Best Available Rate for Room/Suite Stay at participating properties.

Hertz Gold Plus Rewards membership, where you can enjoy benefits like discounts, upgrades, and priority service when renting with Hertz like,

  • 15% off with Hertz car rental worldwide (terms apply)
  • 25% saving on Hertz Prestige Collection (with a Saturday night keep)
  • Complimentary one-car-class upgrades with every rental (subject to availability)
  • A 4-hour no charge grace period.

Travel Benefits

  • Enjoy unlimited access to 1200 plus Airport lounges across the globe with the American Express Global Lounge Collection which includes, The Centurion Lounges, Escape Lounges, Priority Pass Lounges, Delta Sky Club Lounges, Lufthansa Lounges and Domestic Partner Lounges in India.
  • Unlimited lounge access for your accompanied guests (charged at US $32 per guest per visit).
  • Enjoy competitive rates and complimentary benefits at Fine Hotels and Resorts at over 1000 extraordinary properties worldwide.
  • Platinum Travel Services exclusively designed for Platinum Cardmembers providing personalized travel assistance and consultancy. Use 24×7 Platinum Travel Services for, Domestic or International Airline Bookings, Domestic or International Hotel Bookings and for Domestic or International Car Rental Bookings.

Zero Liability Protection

Cardmember shall not be liable for any fraudulent transaction if loss of the card is reported within 3 working days, otherwise, the liability of the cardmember is limited to Rs. 1,000.

Insurance Benefits

For Travel Insurance and Group Personal Accident:

Cover Geographical Scope Sum Insured
Common Carrier World Wide Cover Rs. 5 Crore
Accidental Death World Wide Cover Rs. 30 Lakh
Permanent Total Disablement (PTD) World Wide Cover Rs. 30 Lakh
Total loss of checked baggage Limit to Overseas Cover USD 1500
Delay of checked baggage Limit to Overseas Cover USD 750

For Overseas Medical Insurance:
Cover Geographical Scope Sum Insured
Emergency Medical Expenses Limit to Overseas Cover USD 50,000
Daily Allowance in case of Hospitalization Limit to Overseas Cover USD 30 per day up to USD 300
Personal Liability Limit to Overseas Cover USD 100,000
Dental Treatment Expenses Limit to Overseas Cover USD 150

Read more about the insurance benefits on the American Express‘ website. All the benefits mentioned above are subject to terms and conditions levied by the American Express, read all terms and conditions carefully.

Platinum Care Services

With American Express Platinum Corporate Card, Enjoy Platinum Concierge Services for assistance in locating or sourcing goods and services locally and overseas, booking conference and office facilities, organizing corporate events, dining reservations, and much more. Also, get Global Assist for assistance to locate embassy addresses, connect with the best law-suit firms and lawyers in the business, get appointments with the finest medical experts, and much more.

American Express Platinum Corporate Card Membership Rewards

With the American Express Platinum Corporate Card enjoy one of the best reward rates with the American Express Membership Rewards Programme.

  • Get 1 Point for every Rs. 100 spent on fuel, utility, telecommunication and insurance bills
  • Get 1 Point for every Rs.40 on all other spending.

Reward Redemption

The Membership Rewards program offers great rewards with no expiration dates, which means you can redeem them and use them whenever you want. The card offer tons of redemption options like:

  • For Vouchers, where you can choose from a wide selection of shopping categories and redeem your points for e-vouchers.
  • Transfer Partners, where you can transfer you reward points to leading airline and hotels loyalty programs.
  • Cover Charges, where you can use your points against any eligible charges on your card.
  • Pay with Points, where you can use your reward points to pay for anything you buy online or in store.
  • Book Travel, where you can redeem your points to book flight tickets and hotels on the American Express Travel Online.

American Express Platinum Corporate Card Fees & Charges

  • Joining Fee and Annual Fees: There is no Joining Fees charged for the American Express Platinum Corporate Card. The Renewal/Annual fees for the card is Rs. 29,000.
  • Late Payment Fee: American Express Platinum Corporate Card is a charge card and therefore, a delinquency fee of 3.5% of the outstanding, subject to a minimum of ₹100 of a transaction is applicable.
  • Forex Mark-up Fee: A foreign currency fee of 3.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with American Express Platinum Corporate Card.
  • Cash Advance Charges: A charge of 3.5% of the amount withdrawn is applicable on the cash advance transactions made on American Express Platinum Corporate Card.

American Express Platinum Corporate Credit Card Eligibility Criteria

The American Express Bank has not disclosed the eligibility criteria for the Platinum Corporate Credit Card. The criteria may depend on various factors including age, income, credit score, business validity, etc. However, some of the basic requirements for this card are as follows:

  • The age of the applicant should be a minimum of 21 years.
  • The applicant should own a business with a stable income.

Documents Required

The documents required to apply for the AmEx Platinum Corporate Credit Card are listed below:

  • You will need to submit an identity proof, like Aadhar Card, PAN Card, Voter’s Id, etc.
  • Address proof like the Aadhar Card, utility bills of the latest months, or any other valid document.
  • As proof of income, you will have to submit the latest audited ITR.
  • Other than all these, passport-sized photograph, business registration certificates, etc.

How To Apply For the American Express Platinum Corporate Credit Card?

You can apply for the AmEx Platinum Corporate Credit Card online as well as offline at your convenience. To apply offline, you can visit your nearest American Express branch with all the required documents and apply for the card by filling out the physical application form. You can also apply online very easily via American Express Bank’s official website. Look for the AmEx Platinum Corporate Credit Card and apply for it by filling in the online application form.

Conclusion

The American Express Platinum Corporate Card is a great deal for corporates who incur lot of travel expenses to do business from any corner of the world and want to get more out of the same, as the card offers a great way and opportunity to get Rewards on every business transaction you do. The card provides luxurious travel benefits like unlimited international lounge access and platinum travel services for all your travel needs. However, even after providing so many luxurious travel benefits, the Foreign Currency Transaction fees on the card is still high with 3.5% on the transaction amount. Apart, from that, the card provides Complimentary membership to Taj Reimagined Epicure and also the Hertz Gold Plus Rewards membership. Also, there are many platinum services offered with the card to solve any problem or hassle the cardholder may face.

Let us know in the comments, what is your review about this offering by American Express.

FAQs:

Yes, with the Membership Rewards Programme you can earn 1 Membership Rewards Point for every Rs. 100 spent on fuel along with telecommunications, insurance and other utility services as well.

No, the Membership Rewards Points do not expire. You can redeem them whenever you wish to.

Cardmember shall not be liable for any fraudulent transaction if loss of the card is reported within 3 working days, otherwise, the liability of the cardmember is limited to Rs. 1,000.

Yes, with American Express Mobile App you can make payments, view recent transactions and much more.

No, you cannot link your American Express Platinum Corporate Card with any other card.

There are no Overdue Interest Charges applicable for the Platinum Corporate Card, instead Delinquency Fee is levied at the rate of 3.5% on the unpaid balance (with a minimum monthly Delinquency Fee of Rs. 100).

For example, If you incur any expense of Rs. 1,00,000 and you failed to pay the bill by the due date, then this amount will attract the Delinquency Fee of 3.5% which will be Rs. 3,500 (1,00,000 X 3.5%). Now, you owe an amount of Rs. 1,03,500 in total.

Incase you again fail to pay the due amount, the card will charge the Delinquency Fee again on the due amount of Rs. 1,03,500.

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