From greater purchasing power to pain-free foreign payments, the American Express Platinum Business Card can help make doing business easy.
With the Card being a Platinum, it comes with all the lifestyle and travel benefits we have come to expect from American Express and the best bit is that you will earn valuable American Express Rewards points on all your business purchases.
In this guide, we are going to look at four functional benefits that make this Card great for helping your business to grow.
Note: This guide has been produced in partnership with American Express, a Point Hacks commercial partner.
No Pre-set Spending Limit
Don’t be mistaken – the American Express Platinum Business Card is not just another business credit card. It is, in fact, a Charge Card – which is quite different.
Charge cards require you to pay off the full balance each statement period, which can be up to 55 days from the date of purchase. However, they provide no pre-set spending limits that can give your business greater purchasing power and help improve cash flow.
Despite the title, having no pre-set spending limit does not quite mean unlimited spending. Purchases are approved on a variety of factors including spending patterns, payment history and credit records. Charge cards also do not incur interest, however, fees will be incurred if the amount is not paid off in full each month.
![Craftsman - stockphoto](https://www.pointhacks.com.au/wp-content/uploads/2020/03/hammer-craftsman-tools-construction-8092-1024x683.jpg)
Unsecured Credit
Many businesses these days are asset rich but cash poor, and borrowing against collateral can be considered quite risky. Secured finance requires collateral, usually in the form of residential or commercial property. If you lose your assets, you lose everything.
However, the American Express Platinum Business Card provides access to a corporate credit facility at a minimal cost and, in most circumstances, without the need for additional collateral or security.
![Person using Espresso Machine](https://www.pointhacks.com.au/wp-content/uploads/2020/03/person-using-espresso-machine-2775827-1024x683.jpg)
Summing Up
An American Express Platinum Business Card could help your business work smarter and more effectively. Having no pre-set spending limits can give you greater spending power, while at the same time unsecured credit can help lessen the risks on your assets.
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