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April 15, 2006
Review Of Platinum Business Credit Card from American Express
The American Express business platinum card is best suited for those businesses who currently are carrying a huge debt load on other high interest credit cards. The Platinum Business card provides a 12 month 0 APR introductory rate on balance transfers. This is perfect for those who are simply looking to cut a few expenses from their business and are not concerned with a reward points program. As with all American Express offers your credit must be top notch otherwise your application will not be accepted.
After the expiration of the 0 APR intro rate the rate goes up to 9.49%,11.49%,13.49% or 16.49% depending on various factors such as your business credit rating and the size of the credit line. The rates provided by American Express are in line with most other credit cards so you will not be getting ripped off.
If your goal is to cut costs in your business by shaving off some credit card interest payments this card will be perfect for you. My recommendation would be to apply for this card if this is your situation and then apply for another American Express rewards card such as the Gold Delta SkyMiles Business Credit Card after you pay down the balance on the Platinum card. There usually is no cost to switch from one product offered by Amex to another. The only extra cost might be an annual fee so read the terms and conditions on the application before you apply to ensure you are comfortable with them.
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