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American Express Platinum Business Cashback Card

This card is no longer offered

The American Express Platinum Business Cashback Card is promoted by American Express, provided by American Express and has a representative APR of %. Compare all American Express Credit Cards or apply for the American Express Platinum Business Cashback Card now.

Card Details

Card Issuer Credit card issuer	American Express
Merchant Network The Card network the card belongs to	American Express
Card Type Type of credit card	Platinum
Card Limit Maximum upper balance limit for card spending	The maximum credit limit is subject to status.

Acceptance Criteria

Min Age Minimum age for applicants	18 Years
Min Income Minimum income required for applicants	A minimum income of £20000 is required on this product.
Credit Rating Credit rating required for successful application of card	Prime

Introductory Balance Transfer Details

Intro Balance Transfer Rate Annual equivalent rate charged on balance transfers for the introductory period	N/A
Duration of Intro Balance Transfer Rate Duration of balance transfer rate for introductory period	N/A
Balance Transfer Limit Maximum upper limit for balance transfers to card	Subject to Status
Intro Balance Transfer Fee Fee for transferring balance as a percentage of the amount transferred during the introductory period	There is no fee
Intro Min Balance Transfer Fee Minimum fee for transferring a balance during the introductory period	There is no fee
Intro Max Balance Transfer Fee Maximum fee for transferring a balance during the introductory period	There is no fee

Introductory Purchase Rate Details

Intro Purchase Rate Annual equivalent rate on card purchases during the introductory period	N/A
Duration of Intro Purchase Rate Duration period for introductory purchase rate	N/A

Standard Rates

APR Representative (Variable) Annual Percentage Rate Typical (Variable) - this figure considers both the annual interest charged on purchases and any annual fees	N/A
Purchase Rate Annual equivalent rate for purchases	18.9%
Balance Transfer Rate Rate charged on card palance as an annual equivalent percentage after any introductory period ends	18.9%
Cash Advance Rate Rate charged on cash advances as an annual equivalent percentage	27.9%

Benefits

Cash-Back Reward Cash-back reward for spending	An annual rebate on the aggregate amount of all transactions will be payable according to the following rates: 0.50% for aggregate amounts up to £5,000. 1.00% for aggregate amounts from £5,001 to £10,000. 2.00% for aggregate amounts in excess of £10,001.
Air Miles Airmiles travel reward scheme available	No air miles scheme available.
Shopping Reward Program Shopping reward scheme available	No shopping reward available.
Points Scheme Points reward scheme available	No points scheme available.
Other Incentives Additional card incentives available	Refund Protection. Should any UK retailer, online or offline, refuse to refund the cardholder for any covered goods within 90 days of purchase, AMEX promise to refund them. Policy covers undamaged goods only and begins where any insurance or merchant returns policy leaves off. Up to £300 per item and £750 per card account. Certain goods excluded and policy subject to conditions of cover.
Charity Affiliation Affiliations to any charities for card spending	This is not a Charity Affiliation account.

Cashback Scheme Details

Introductory bonus on Cash-Back Cash-back bonus on introductory period.	5% cashback available on purchases for the first three months of account opening.
Max Spend that earns Cash-Back Where a cash back reward scheme is active, the maximum amout of spending permitted to earn cash back.	There is no maximum annual spend upon which the cash-back reward will be calculated.

Fees and Terms

Interest Free Period Number of days for interest free period	If balance is paid in full and on time, an interest free period of up to 56 days is available for purchases.
Min Payment Minimum monthly payment required as a percentage of that month's total bill	2.5%
Min Payment Minimum monthly payment required if any balance is outstanding	£5
Annual Fee Annual fee for card	An annual fee of £29.00 is payable.
Balance Transfer Fee Fee for transferring balance as a percentage of the amount transferred outside of any introductory period	0%
Min Balance Transfer Fee Minimum fee for transferring balance	£0
Max Balance Transfer Fee Maximum fee for transferring balance	£0
Cash Advance Charge Charges for a cash advance as a percentage of the cash advance amount	A fee of 3.00% (minimum £3.00) is charged on each cash advance transaction made.
International Charges Charges for overseas transactions on card as a percentage of transaction	A charge of 2.99% is payable on each transaction made abroad.
Order of Repayments The order in which the various different types of credit are repayed when you pay over your monthly balance	Payments are applied to cardholder's accounts in the following order : 1) Interest 2) Insurance Premium applied to the Account 3) Fees and Charges 4) Promotional Purchases and Balance Transfers 5) Purchases 6) Cash Withdrawals.

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