American Express Platinum Corporate Card – Benefits, Fees & Eligibility

American Express Platinum Corporate Card

The American Express Platinum Corporate Card is a premium metal offering designed for businesses that incur significant travel and hotel expenses globally. It provides luxurious benefits, allowing corporations to maximize their business spending with accelerated rewards. Backed by the powerful support of American Express, this card offers unsecured credit limits, complimentary vouchers from popular brands as welcome benefits, and unparalleled access to over 1,400 airport lounges worldwide via the American Express Global Lounge Collection. Cardmembers also benefit from the Platinum Airlines Program, which includes preferential fares, discounted upgrades, and other exclusive perks on leading airlines. All business expenses contribute to Membership Rewards points, which can be redeemed for a wide array of options, including gift vouchers from over 175 global brands, air miles, or hotel loyalty programs.

Welcome Benefits

• Choose any one of the following as a welcome benefit, available for the first year after paying the joining fees:
  • Taj Vouchers Worth ₹35,000
  • Amazon Vouchers Worth ₹30,000
  • MakeMyTrip Vouchers Worth ₹30,000

Fees

• Joining Fee: Nil
• Renewal Fee: ₹40,000 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates (Delinquency Fee): 3.5% of the outstanding, subject to a minimum of ₹100. For example, if an outstanding amount of ₹1,00,000 is not paid by the due date, a delinquency fee of ₹3,500 will be charged.
• Fuel Surcharge: 1% of the transaction amount, subject to a minimum of ₹10. For Private Fuel, a 2.5% surcharge applies.
• Cash Advance Charges: 3.5% of the withdrawal amount.

Rewards

• General Spending (Effective April 1, 2024):
  • Earn 1 Membership Rewards Point for every ₹40 spent on all business expenses, except for telecommunications, insurance, fuel, and other utility services.
  • Earn 1 Membership Rewards Point for every ₹100 spent on telecommunications, insurance, and other utility services (capped at a maximum of 1,000 points per month).
  • No Membership Rewards Points are earned on fuel transactions.
  • No Membership Rewards Points are earned on Wholesale Spends.
• Spend-Based Vouchers (Effective April 1, 2024):
  • Get a Gift Voucher worth ₹10,000 on spending ₹30,00,000 in a year on your Platinum Corporate Card. You can choose a gift voucher from Flipkart, MakeMyTrip, Yatra, or ITC.
  • Unlock MakeMyTrip Vouchers worth ₹15,000 by booking international flights and hotels worth ₹2,00,000 with MMT Biz on a single day.
• Lounge Access:
  • International Lounge Access: Enjoy complimentary, unlimited access to over 1,400 premium airport lounges worldwide with the American Express Global Lounge Collection, including:
    • The Centurion® Lounges and Escape Lounges - The Centurion® Studio Partner.
    • Lufthansa lounges and Delta Sky Club®.
    • A complimentary membership to the highest tier of Priority Pass™ (valued at US $429), providing access to over 1,200 airport lounges globally.
    • Unlimited lounge access for your accompanied guests (charged at US $32 per guest per visit).
  • Domestic Lounge Access: Access the Centurion Lounge at Terminal 3, IGI Airport Delhi, and at Terminal 2, CSI Airport Mumbai, along with over 30 domestic airport partner lounges across key cities in India.
• Travel Benefits:
  • International Airline Program: Travel aboard some of the world's leading airlines and enjoy special perks, including preferential fares, discounted upgrades, and more. These offers can be availed by bookings on American Express Travel Online or by calling Platinum Travel Services.
  • Privileges at FINE HOTELS AND RESORTS: Enjoy complimentary benefits with an average total value of ₹44,300 at over 1,300+ extraordinary properties worldwide. Benefits include:
    • Noon check-in (when available).
    • Room upgrade upon arrival (when available).
    • Daily breakfast for 2 people.
    • In-room Wi-fi (exclusions apply).
    • Guaranteed 4 pm checkout.
    • Unique amenities like a one-way private sedan transfer or a $100 food or beverage credit.
  • Hertz Gold Plus Rewards® Membership: Enjoy special benefits such as discounts, upgrades, and priority service when renting with Hertz. Benefits include:
    • 15% off 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.
• Hotel Status (Effective April 1, 2024):
  • Marriott Bonvoy™ Gold Elite Status: Enjoy complimentary Gold Elite Status. Benefits include:
    • 10 points per eligible US dollar spent and a 25% bonus over base-level members.
    • Late checkout up to 2 pm, subject to availability.
    • Room upgrade when available.
    • A welcome gift of points upon arrival.
• Dining & Spa:
  • Taj Epicure Plus (Effective November 1, 2023): Complimentary Epicure Plus membership. Benefits include:
    • 25% discount on Food & Beverage on dine-in & takeaway at participating restaurants for up to 10 persons.
    • 25% discount on Qmin for food deliveries via the Qmin mobile application.
    • 20% discount on Spa Treatments at Jiva Spas.
    • Complimentary Birthday Cake for the Member’s Birthday month.
    • One-time pool access with set lunch and wine at a special price of INR 3,000 per person for up to 4 guests.
    • Happy Hours at Taj Club Lounge in select Taj hotels (twice a year).
    • Discount vouchers on Best Available Rate for Room/Suite stay at select participating properties (twice a year).
• Insurance:
  • Platinum Protection:
    • Travel Insurance and Group Personal Accidents:
      • Common Carrier Accidental Death: ₹5 Crore (Worldwide Cover).
      • Accidental Death: ₹30 Lakh (Worldwide Cover).
      • Permanent Total Disablement (PTD): ₹30 Lakh (Worldwide Cover).
      • Total Loss of Checked Baggage: USD 1,500 (Limit to Overseas Cover).
      • Delay of Checked Baggage: USD 750 (Limit to Overseas Cover).
    • Overseas Medical Insurance:
      • Emergency Medical Expenses: USD 50,000 (Limit to Overseas Cover).
      • Daily Allowance in Case of Hospitalization: USD 30 per day up to USD 300 (Limit to Overseas Cover).
      • Personal Liability: USD 100,000 (Limit to Overseas Cover).
      • Dental Treatment Expenses: USD 150 (Limit to Overseas Cover).
    • Unmatched protection from travelling hazards like loss or delay in checked-in baggage.
    • Protection from life’s uncertainties with the highest air accident insurance cover of ₹5 Crore and overseas medical insurance of $50,000.
    • Insurance is provided and underwritten by ICICI Lombard General Insurance Company Limited.

Rewards Redemption Guide

The Membership Rewards program offers a bouquet of redemption options with no enrollment fee and no points expiry or redemption charges:

• E-Vouchers: Choose from over 350 e-vouchers across 175 brands.
• Points Transfer: Transfer your reward points to leading airline and hotel loyalty programs.
• Travel Bookings: Use points for travel bookings through the American Express Travel Online platform.
• Pay with Points: Directly use your reward points at checkout, whether online or in-store.
• Cover Card Charges: Utilize your points to cover eligible charges on your Corporate Card.

Card Eligibility Criteria

• Company Revenue: Your company must have an annual revenue of more than ₹2.75 crore.
• Operational Location: The company must be operational in one of the cities listed by American Express.
• Applicant Role: The applicant must be a key decision-maker within the company.

Card Review

The American Express Platinum Corporate Card is a premium offering ideal for businesses with significant global travel and expense needs. Its standout features include unlimited international lounge access, a comprehensive Platinum Airlines Program with preferential fares, and exclusive benefits at Fine Hotels + Resorts and Marriott Bonvoy Gold Elite Status. The card's Membership Rewards program is robust, offering flexible redemption options and points on most business expenditures. While the card provides unmatched travel and insurance protection, the 3.5% foreign currency markup fee is a notable drawback for frequent international transactions. Overall, it's a valuable tool for corporates seeking a luxurious and efficient way to manage business travel and expenses, offering substantial rewards and extensive support services.

Important Product Details

• Metal card offering.
• Complimentary enrolment to the Membership Rewards program, where points never expire.
• Earn 1 Membership Rewards Point for every ₹40 spent on most business expenses.
• Earn 1 Membership Rewards Point for every ₹100 spent on telecommunications, insurance, fuel, and other utility services (capped at 1,000 MR Points monthly for certain categories).
• No MR Points are earned on fuel transactions.
• Unlimited access to 1,400+ airport lounges worldwide via the American Express Global Lounge Collection.
• Access to Centurion Lounges, Escape Lounges, Lufthansa lounges, Delta Sky Club®, and Priority Pass™.
• Access to Centurion Lounge at IGI Airport Delhi (T3) and CSI Airport Mumbai (T2), and over 30 domestic lounges in India.
• Enjoy premium services such as Platinum Travel Services, Platinum Concierge Services, and 24-Hour Platinum Service.
• Complimentary Marriott Bonvoy Gold Elite Status with benefits like late checkout and room upgrades.
• Complimentary Taj Epicure Plus membership with dining and spa discounts.
• Hertz Gold Plus Rewards membership for car rental benefits.
• Zero Lost Card Liability if reported within 3 working days (otherwise limited to ₹1,000).
• Platinum Protection includes extensive travel insurance (e.g., ₹5 Crore air accident insurance) and overseas medical insurance ($50,000 cover).
• Global Assist provides 24/7 medical and legal emergency assistance worldwide for 90 days of travel.
• Offers like ₹10,000 gift vouchers on ₹30 lakhs annual spend and ₹15,000 MMT vouchers for specific international travel bookings.

Other Details

• The card offers an interest-free period of up to 51 days.
• Cardholders can use the American Express Mobile App to make payments, view recent transactions, and manage their account.
• The American Express Platinum Corporate Card cannot be linked with any other Amex cards.
• Global Assist can be contacted from outside India by calling 022-42320245 for medical or legal emergencies.