Why does it make sense to have both Amex Platinum cards?

the The American Express Platinum Card® and The Platinum Business Card® from American Express It has proven itself as one of the best cards you can get if you prioritize luxury travel benefits.

With overlapping bonus structures and similar benefits, it’s natural to wonder which one is best for you. Or, if you already have one of the cards, you may wonder if it’s worth getting the other as well.

Well, it could actually be in your favor to make room for both cards in your wallet — even with the $895 annual fee associated with each (see rates and fees for Consumer Platinum and Business Platinum).

Each card has benefits that complement the other, and many frequent travelers will have no problem offsetting the hefty annual fee, making both cards a great combination for making the most of your travels.

That’s why it may make sense to have both in your portfolio.

2 welcome bonuses

Both cards come with great welcome offers.

at present, Business Platinum Card Offers a great welcome bonus: Earn 200,000 bonus points after spending $20,000 in qualifying purchases on the card within the first three months of card membership.

New consumer Platinum Cardmembers can see their offer and may be eligible for up to 175,000 bonus points after spending $8,000 in the first six months of cardmembership. Welcome offers vary, and you may not be eligible for an offer.

If you apply for both cards and get the full/higher welcome bonus, you’ll get at least 375,000 points. Based on TPG’s October 2025 valuations, that’s worth up to $7,500 — more than four times the combined cost of annual fees.

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RELATED: Is the Amex Business Platinum Card Worth the Annual Fee?

Statement credits

Both cards have credits to help cardmembers get value year after year.

Overlapping credits

Typically, one of the easiest perks to take advantage of platinum cards is the annual The airfare statement credit you will receive. Each card offers up to $200 per calendar year that can be used to cover incidental purchases with one airline, such as seat upgrades, lounge tickets, and on-board drinks.

For example, if you have both cards, you can use one credit for Delta Air Lines purchases and the other for United Airlines.

Both cards also offer:

You can use one card to cover Clear Plus and Global Entry memberships and then the other to cover a family member’s membership.

Unique credits

As for the rest of the credits, the personal card mainly provides travel and lifestyle credits, while the business card focuses on getting value from business expenses.

For example, Platinum card Offers up to $300 annual statement credit (up to $75 quarterly) at U.S. Lululemon stores (excluding outlets) and online* and up to $400 annual (up to $100 quarterly) Resy statement credit at eligible U.S. Resy restaurants; No reservation required.*

At the same time, Platinum business Offers up to $200 in annual credits for Hilton purchases (up to a total of $50 per quarter).* You can use this credit for room charges and incidental purchases like room service and minibar items. Separate Hilton Business enrollment required.

*Registration required for select benefits.

Plus, Business Platinum offers great value – especially if you’re a big spender. For example, if you spend $250,000 on qualifying purchases, you can open up to $1,200 in an Amex Travel Online Statement and up to $2,400 in a One AP Statement (valid from January 1 to December 31 of the calendar year following the year in which you reached the spending requirement; access to One AP is subject to automatic renewal).

RELATED: 9 Things You Should Do When You Get Amex Business Platinum

Even if you only use half of the credits, you can fully cover the combined annual fee for both cards.

Maximize profit and recovery rates

Perhaps one of the biggest benefits of obtaining the personal and business versions of the Platinum Card is the earnings rate.

You must use your own Platinum card For personal expenses and most airline tickets. The Personal Card earns 5 points per $1 spent on airline tickets booked directly with the airline and through American Express Travel® (up to $500,000 spent on airline tickets per calendar year, then 1 point after that), while the Business version only offers them for Amex Travel bookings.

Then, you must use your own Platinum business To cover work expenses and earn:

• 2 points per dollar spent on purchases from U.S. building materials and hardware suppliers, electronic goods retailers, software and cloud providers, and shipping providers, as well as on qualifying purchases of $5,000 or more (up to $2 million of such purchases per calendar year).
• 5 points per $1 spent on flights booked through Amex Travel (once the personal card spending limit is reached)

Then, the points you earn on both cards can be combined and transferred to one of American Express’ 20 airline and hotel partners, sometimes with a transfer bonus.

If you have a business card, you can also redeem 35% of your points (up to 1 million points per calendar year) when you book flights through Amex Travel. (For eligible flights with your chosen airline.)

Related: How to Maximize Your Profits with Amex Business Platinum

Authorized users

Both versions of Platinum cards allow you to add authorized users.

the Platinum card Allows you to add approved users for $195 each (see pricing and fees). the Business Platinum Card It will allow you to add up to 99 employee cards with no annual fee (see rates and fees), as well as authorized users for a hefty $400 per card (see prices and fees).

For example, you can add your family members as authorized users to the personal card and your employees as authorized users to the business card. They will all enjoy:

(Registration required for select benefits.)

RELATED: Should You Get Your Own Platinum Card or Be an Authorized User of Someone Else’s Account?

Amex offers

All American Express cards, incl Platinum and Platinum business The cards come with access to American Express offers. This allows you to get extra credit or points when you shop with one of the participating merchants like Amazon, Nike, or Sephora.

Often times, both cards have the same or very similar offers. However, many of these offers have limits on the number of reward points or savings you can earn, so by having both cards, you can double the rewards with your favorite merchants.

While Amex offers can be great deals on their own, you can do even better when you combine them with online shopping portals to earn extra cash back or bonus points on your purchases. You can also collect it on top of your card’s credit statement.

So if you find a Dell Amex offer, you can click through the shopping portal and use your Business Platinum to accumulate up to $1,150 in annual statement**, an Amex offer, and shopping portal rewards.

**Up to $150 statement credit per year for US purchases and an additional $1,000 statement credit after spending $5,000 on US purchases each calendar year; Registration is required.

Related: Your Ultimate Guide to Saving Money with Amex Deals

Separation of expenses

Another reason to carry both cards is to separate expenses, which involves putting personal expenses on the personal card and business expenses on the business card. This is a good practice and can be especially helpful come tax season because it will help streamline your expenses.

Business expenses tend to be greater than personal expenses. So, if you have qualifying expenses, it’s worth putting them on Platinum businessYou will get two points for every dollar you spend (compared to putting them on your personal card).

Related: Can You Use a Business Credit Card for Personal Expenses?

Bottom line

Personal and business Platinum cards can complement each other well, as both offer valuable perks to card members. Despite the hefty annual fees for both cards, the annual credits and earning potential can easily provide more value than the combined annual fees for both cards.

This deck of cards is not suitable for everyone. However, for small business owners who have a larger budget and want to take advantage of generous credits and luxury travel opportunities, this could be a worthwhile addition to your portfolio.

To learn more, read our full reviews of The Platinum Card and the Amex Business Platinum Card.

Apply here: American Express Platinum Card
Apply here: American Express Business Platinum

For rates and fees for the American Express Platinum Card, click here.
For rates and fees for the Amex Business Platinum Card, click here.