The American Express Platinum Corporate Card is an elite offering designed for senior executives and business owners in India. Now available in metal, this card offers unparalleled luxury, robust rewards, and comprehensive travel and business benefits. Ideal for companies looking to provide top-tier privileges to their key personnel, the card stands out for its travel perks, hotel upgrades, and premium membership benefits.
- Overview
- American Express Platinum Corporate Card Fees and Charges
- American Express Platinum Corporate Card Benefits
- Memberships and Exclusive Privileges
- Airport Lounge Access
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- American Express Platinum Corporate Card Review
- Similar Cards to American Express Platinum Corporate Card
- Detailed Card Comparison
- Overall Assessment
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Corporate Credit Card |
| Reward Rate | 1 Membership Rewards® Point per ₹40 spent |
| Reward Value | Points redeemable for travel, shopping, and more |
| Joining Fee | Nil |
| Unique Selling Points | Metal card design, luxury travel benefits, global lounge access |
| Rating | ★★★★★ (5/5) |
American Express Platinum Corporate Card Fees and Charges
| Fee Type | Details |
|---|---|
| Annual Fee | ₹40,000 + GST |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 3.5% of the amount withdrawn, with a ₹250 minimum |
| Late Payment Fee | ₹1,000 to ₹3,500 depending on the outstanding balance |
| Overlimit Fee | ₹500 |
American Express Platinum Corporate Card Benefits
Luxury Travel Perks
- Global Lounge Access: Complimentary access to over 1,300 airport lounges, including Centurion Lounges, Priority Pass, and select domestic lounges.
- Hotel Memberships: Complimentary Marriott Bonvoy Gold Elite Status and Hilton Honors™ Silver Status, offering benefits like room upgrades, late checkout, and bonus points on stays.
- Platinum Travel: Access to exclusive airline programs, Fine Hotels & Resorts benefits, and travel assistance with Global Assist.
Rewards and Spending Benefits
- Gift Vouchers: Earn a ₹10,000 voucher on spending ₹30 lakh annually, redeemable at Flipkart, MakeMyTrip, Yatra, and ITC.
- Accelerated Rewards: Earn 1 Membership Rewards® Point per ₹40 spent on all purchases. Bonus points on large travel-related expenses through MakeMyTrip Biz.
Corporate Benefits
- Expense Management: Detailed expense reporting, corporate liability waiver up to $100,000, and no pre-set spending limit.
- 24/7 Global Assistance: Dedicated support for travel bookings, emergencies, and concierge services, along with Platinum Protection insurance.
Memberships and Exclusive Privileges
- Taj Epicure Plus: Complimentary membership offering discounts on dining, spa treatments, and exclusive hotel services at Taj properties.
- Hertz Gold Plus Rewards: Discounts, upgrades, and priority service on car rentals worldwide.
Airport Lounge Access
The card provides extensive global lounge access, including key domestic lounges in Delhi and Mumbai, enhancing the travel experience for frequent business travelers.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Age: 18 years and older.
- Corporate Status: Available to senior executives and key employees in large corporations with significant business turnover.
How to Apply?
Application Process
- Visit the American Express India Corporate Cards webpage.
- Contact American Express for corporate solutions and apply for the Platinum Corporate Card.
- Submit the required KYC and corporate documents for verification.
- If eligible, the card(s) will be issued to the company’s employees.
American Express Platinum Corporate Card Review
Editor’s Rating
- Benefits: 5/5
- Fees: 4/5 (Variable, but high for premium features)
- Customer Service: 4.8/5
Summary
The American Express Platinum Corporate Card is a top-tier choice for Indian corporations seeking premium benefits for their senior executives. The card offers extensive travel perks, including global lounge access and luxury hotel memberships, as well as robust corporate expense management tools. The introduction of a metal card design enhances its exclusivity. Although the fees are high, the card’s benefits can greatly outweigh the costs for businesses with high spending requirements.
Pros and Cons
| Pros | Cons |
|---|---|
| Global Lounge Access and premium travel benefits | High annual fee, depending on the corporate agreement |
| Hotel memberships with Marriott Bonvoy and Hilton Honors | High foreign transaction fee of 3.5% + GST |
| Robust expense management tools and corporate liability waiver | Limited to corporate use, not available for small businesses |
| Luxury privileges like Fine Hotels & Resorts benefits | No cashback option for Membership Rewards® points |
Similar Cards to American Express Platinum Corporate Card
| Feature | American Express Platinum Corporate Card | HDFC Diners Club Black Credit Card | ICICI Bank Sapphiro Corporate Credit Card |
|---|---|---|---|
| Annual Fee | Variable (based on company agreement) | ₹10,000 + GST | ₹6,500 + GST |
| Reward Rate | 1 Point per ₹40 spent | 5X Points on Dining, Groceries, and International Spends | 4X Points on Travel, Dining, and Groceries |
| Airport Lounge Access | Yes, Global Lounge Collection | Yes, Domestic and International Lounges | Yes, Domestic and International Lounges |
| Foreign Transaction Fee | 3.5% + GST | 2% + GST | 3.5% + GST |
| Exclusive Benefits | Luxury Hotel Memberships, Fine Hotels & Resorts Privileges, Taj Epicure Plus, Hertz Gold Plus Rewards | Golf Privileges, Concierge Services, Lifestyle Benefits | Fuel Surcharge Waiver, Dining Discounts, Wellness Benefits |
| Eligibility | Large Corporations for Senior Executives | High Net Worth Individuals | Corporates and Business Owners |
Detailed Card Comparison
American Express Platinum Corporate Card vs. HDFC Diners Club Black Credit Card
Annual Fee and Eligibility
- American Express Platinum Corporate Card: The annual fee is variable and tailored based on the company’s agreement with American Express, making it suitable for large corporations seeking customizable solutions for their senior executives. The card’s exclusivity is emphasized through its metal design and comprehensive corporate benefits.
- HDFC Diners Club Black Credit Card: With a fixed annual fee of ₹10,000 + GST, this card targets high net worth individuals and offers substantial benefits for a comparatively lower fee. It’s accessible to both salaried and self-employed individuals meeting specific income criteria.
Reward Structure
- Amex Platinum Corporate: Earns 1 Membership Rewards® Point per ₹40 spent across all categories. Additional benefits include gift vouchers worth ₹10,000 on spending ₹30 lakh annually and accelerated rewards on specific business spends.
- HDFC Diners Club Black: Offers a superior reward rate with 5X points on dining, groceries, and international spends. Additionally, the card provides monthly milestone benefits like complimentary memberships and vouchers, making it highly rewarding for frequent spenders in these categories.
Travel and Lounge Access
- Amex Platinum Corporate: Provides unparalleled global lounge access through the Global Lounge Collection, including over 1,300 lounges worldwide such as Centurion Lounges and Priority Pass lounges. Complementary hotel memberships with Marriott Bonvoy Gold Elite and Hilton Honors™ Silver Status enhance the luxury travel experience.
- HDFC Diners Club Black: Offers comprehensive lounge access domestically and internationally through the Diners Club network. While extensive, the lounge network is slightly limited compared to Amex. Travel benefits also include air accident cover and concierge services but lack the premium hotel status privileges offered by Amex.
Additional Benefits
- Amex Platinum Corporate: Comes with exclusive privileges such as Taj Epicure Plus membership for luxury dining experiences, Hertz Gold Plus Rewards for car rentals, and comprehensive travel insurance coverage, including medical and air accident insurance up to ₹5 Crore.
- HDFC Diners Club Black: Provides lifestyle benefits like complimentary golf sessions, extensive concierge services, and wellness program access. The card also offers annual fee waivers upon reaching certain spend thresholds, adding to its appeal for cost-conscious users.
Foreign Transaction Fees
- Amex Platinum Corporate: Charges a higher foreign transaction fee at 3.5% + GST, which may add up for frequent international transactions.
- HDFC Diners Club Black: More competitive with a lower foreign transaction fee of 2% + GST, making it more cost-effective for international spending.
Conclusion
- Who Should Choose Amex Platinum Corporate: Ideal for large corporations aiming to provide their executives with top-tier luxury travel experiences, comprehensive business benefits, and superior service quality. The extensive lounge access and hotel privileges make it perfect for frequent international business travelers.
- Who Should Choose HDFC Diners Club Black: Suited for individuals seeking high reward rates on everyday categories like dining and groceries, along with substantial lifestyle and travel benefits at a lower and more predictable annual fee. It’s a balanced choice for those who value both rewards and cost-effectiveness.
American Express Platinum Corporate Card vs. ICICI Bank Sapphiro Corporate Credit Card
Annual Fee and Eligibility
- American Express Platinum Corporate Card: The variable annual fee aligns with the bespoke services and benefits tailored for large corporations and their senior executives. The card’s premium positioning is evident through its extensive perks and services.
- ICICI Bank Sapphiro Corporate Credit Card: With a fixed annual fee of ₹6,500 + GST, it caters to corporates and business owners seeking a blend of rewards and benefits without the premium pricing of Amex. The eligibility criteria are more accessible for medium-sized businesses.
Reward Structure
- Amex Platinum Corporate: Provides 1 Membership Rewards® Point per ₹40 spent universally, with additional opportunities to earn gift vouchers and accelerated rewards on specific business expenditures.
- ICICI Sapphiro Corporate: Offers 4X reward points on travel, dining, and grocery spends, allowing cardholders to accumulate points faster in these common expense categories. The card also provides quarterly milestone benefits, enhancing its overall reward proposition.
Travel and Lounge Access
- Amex Platinum Corporate: Boasts comprehensive global lounge access through the Global Lounge Collection, including premium lounges like Centurion and Priority Pass. Additional travel perks include Fine Hotels & Resorts benefits and elite hotel memberships, significantly elevating the travel experience.
- ICICI Sapphiro Corporate: Provides access to select domestic and international airport lounges through the Dreamfolks and Priority Pass programs, though the number of complimentary visits may be limited compared to Amex. Travel insurance coverage is available but not as extensive as that offered by Amex.
Additional Benefits
- Amex Platinum Corporate: Includes exclusive memberships such as Taj Epicure Plus for luxury dining, Hertz Gold Plus Rewards for premium car rentals, and extensive insurance coverage encompassing travel mishaps and high-value air accident insurance.
- ICICI Sapphiro Corporate: Features benefits like fuel surcharge waivers, dining discounts through the Culinary Treats program, and wellness benefits including complimentary spa sessions. The card also offers entertainment benefits like Buy 1 Get 1 free movie tickets monthly.
Foreign Transaction Fees
- Amex Platinum Corporate: Applies a foreign transaction fee of 3.5% + GST, which could be a consideration for businesses with significant international spend.
- ICICI Sapphiro Corporate: Charges the same foreign transaction fee of 3.5% + GST, placing it on par with Amex in this aspect.
Expense Management and Corporate Services
- Amex Platinum Corporate: Provides advanced expense management tools, detailed reporting, and a corporate liability waiver up to $100,000, ensuring robust financial control and security for businesses.
- ICICI Sapphiro Corporate: Offers standard expense tracking and reporting features suitable for managing corporate expenditures effectively but may lack the advanced tools and high liability coverage provided by Amex.
Conclusion
- Who Should Choose Amex Platinum Corporate: Best suited for large corporations and executives who prioritize luxury travel experiences, comprehensive rewards, and advanced corporate services. The extensive benefits justify the higher and variable annual fee for businesses seeking premium services.
- Who Should Choose ICICI Sapphiro Corporate: Ideal for medium-sized businesses and corporates looking for a cost-effective card that still offers decent rewards and benefits across travel, dining, and wellness without the premium cost. It’s a balanced option for companies seeking value without extensive luxury perks.
Overall Assessment
The American Express Platinum Corporate Card stands out as a premium offering tailored for businesses and executives who value luxury, comprehensive travel benefits, and advanced expense management tools. While the annual fee is higher and variable, the suite of exclusive privileges, including extensive lounge access, elite hotel memberships, and robust rewards, provides significant value for frequent travelers and high-spending executives.
On the other hand, HDFC Diners Club Black and ICICI Bank Sapphiro Corporate Credit Cards offer substantial benefits at lower and fixed annual fees, making them suitable for individuals and businesses seeking rewarding experiences without the premium price tag. The choice between these cards ultimately depends on the specific needs, spending patterns, and preferences of the cardholder or the business entity.
Recommendation: For corporations and executives where luxury travel, exclusive privileges, and advanced services are paramount, the American Express Platinum Corporate Card is the optimal choice. For those prioritizing high reward rates on everyday spending and cost-effectiveness, HDFC Diners Club Black or ICICI Bank Sapphiro Corporate Credit Card would be more appropriate selections.
FAQ
What is the annual fee for the American Express Platinum Corporate Card in India?
The annual fee is variable, depending on the corporate agreement with American Express.
How do I earn rewards with the American Express Platinum Corporate Card?
You earn 1 Membership Rewards® Point for every ₹40 spent on all purchases.
Does the American Express Platinum Corporate Card support international transactions?
Yes, the card supports international transactions with a foreign transaction fee of 3.5% + GST.
How do I manage my American Express Platinum Corporate Card account?
You can manage your card through the American Express India website or the Amex mobile app, which provides real-time tracking, spending insights, and more.
Are there any hidden fees with the American Express Business Platinum Card?
No, the American Express Business Platinum Card has no hidden fees, and all charges are transparently communicated.
