Already have business Platinum, should I get the personal too?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
4 posts
kyoko
 
Posts: 1
Joined: Tue May 08, 2012 1:49 pm
Location: irvine, ca

Already have business Platinum, should I get the personal too?

Postby kyoko » Tue May 08, 2012 1:56 pm

Is there any specific advantage from one card to the other? Our current situation: we have 2 Amex cards, one for business and one for personal.

For business we already have the American Express Business Platinum. For our personal we have Blue Cash (we already know if we upgrade to the Preferred, we can get more cash back but we're thinking of changing it)

What we are thinking right now is to change our Blue Cash to the Platinum (personal) but, if it is the exact same perks as the "business platinum" we might not try to apply for it.

So to sum up:

1. Are the perks the same between the personal and business versions?
2. Are there things we should know about?


CC Deville
Centurion Member
Centurion Member
 
Posts: 1067
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Tue May 08, 2012 6:32 pm

I can't really answer all your questions but I do want to let you know that you can't change your credit card (Blue) to a charge card (Platinum). You would have to apply for the Platinum charge card. It will be backdated to your original Member Since year so this really isn't a problem.

I figure if you already have a Platinum for Business, why pay another huge annual fee for a personal Platinum? I suppose if you travel at least twice a year the Platinum does have some benefit but still....two $450 annual fees?

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Tue May 08, 2012 10:28 pm

1. is yes
2. is no.

The only difference is 1 is a company card being a small business, which is suppose to mean that an authorizing officer is supposed to sign for that card.

With the personal card anybody 18 or older can apply, I'm not saying they will get it but you can apply.

With the small business card, other than Costco, you pretty much never see anybody using this card. Usually you see people using a personal card.

I have to agree with CC.

Since you're using the small business platinum for company business, why not get a Green or 1 of the Golds for personal use? Or what about a Clear or Blue Cash Preferred?

User avatar
PlatinumAMEX94
Centurion Member
Centurion Member
 
Posts: 321
Joined: Mon Jan 02, 2012 1:21 am
Location: Denver

Postby PlatinumAMEX94 » Sat May 12, 2012 8:26 pm

kyoko wrote:Is there any specific advantage from one card to the other? Our current situation: we have 2 Amex cards, one for business and one for personal.

For business we already have the American Express Business Platinum. For our personal we have Blue Cash (we already know if we upgrade to the Preferred, we can get more cash back but we're thinking of changing it)

What we are thinking right now is to change our Blue Cash to the Platinum (personal) but, if it is the exact same perks as the "business platinum" we might not try to apply for it.

So to sum up:

1. Are the perks the same between the personal and business versions?
2. Are there things we should know about?


If your business will authorize and pay the charges for anything personal then you should just use your business card. If you are the owner of the business it doesn't really matter, except if you want to write things off your taxes. There are times that things need to be paid for by the business for tax purposes and then there are times it doesn't matter. If you bought your wife a diamond necklace on your work card, would your boss be okay with that? Maybe, maybe not. If you paid for 10 sales people for an all expense paid vacation on your personal charge card would your wife be okay with it? Maybe, but probably not.

If you can afford/justify 2 platinum charge cards then by all means go for it. (If you are a business owner this can still be a write off). The only difference with business is you get access to their "business offices" at over 1000 locations worldwide. Not really that nice of a perk. The nice thing with having 2 cards, is you can use 2 different airlines for your incidentals.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests