The rumor mill is churning with leaked details about American Express's upcoming Business Platinum refresh, and if these details prove accurate, we're looking at some significant changes coming September 18th. Here's what leaked documents reveal about the new Amex Business Platinum card.

The Deal

What's Leaked: Complete refresh of the American Express Business Platinum Card Annual Fee: $895 (up from current $695) Welcome Bonus: 200,000 Membership Rewards points after $20,000 spend in first 3 months Launch Date: September 18, 2025 New Feature: Choice between regular or mirror finish card

Key Details

• Sign-up Bonus: 200,000 Membership Rewards points ($2,000+ value when transferred to partners)
• Spending Requirement: $20,000 in first 3 months
• Annual Fee Increase: $200 jump to $895
• Hotel Credit: $600 annually ($300 semi-annual for Fine Hotels & Resorts/The Hotel Collection)
• High-Spend Perks: Additional benefits unlock after $250,000+ in annual spending

What's New and Notable

Enhanced Earning Structure

The leaked documents show a revamped earning structure:

• 5x points on Fine Hotels & Resorts and Hotel Collection bookings through Amex Travel
• 5x points on flights booked through AmexTravel.com
• 2x points on key business purchases (capped at $2 million annually), including:
  • Construction materials and hardware suppliers
  • Electronic goods retailers and software/cloud providers
  • Shipping providers
  • Single purchases of $5,000 or more

New Credits and Benefits

Beyond the existing perks, the refresh reportedly adds:

• $600 hotel credit (increased from current structure)
• $250 Adobe credit when spending $600+ on Adobe purchases
• $150 in statement credits on U.S. purchases
• Up to $209 CLEAR Plus credit
• 10 Delta SkyClub visits (new addition to lounge access)
• Leaders Club Sterling status for Leading Hotels of the World

High-Spend Bonuses

For businesses spending $250,000+ annually, additional perks include:

• $2,400 American Express One AP credit
• $1,200 Amex Travel Online flight statement credit
• Dell credit up to $1,150
• Additional $1,000 statement credit after $5,000+ in qualifying purchases

Why This Matters

If accurate, this represents American Express doubling down on the ultra-premium business market. The $200 annual fee increase brings significant value additions, particularly the enhanced hotel credit and new earning categories.

The math on value: With the $600 hotel credit alone, plus existing benefits like Centurion Lounge access, $200 airline credit, and wireless credits, the fee increase could be justified for heavy business spenders.

Target audience: This clearly aims at businesses with substantial travel and general spending, especially those already spending $250,000+ annually who can unlock the premium high-spend benefits.

What to Do Now

1. Current cardholders: You'll likely be automatically transitioned to the new structure
2. Considering the card: The 200K welcome bonus is substantial if you can meet the $20,000 spend requirement - apply for the current Business Platinum before September 18th
3. Compare timing: If you're eyeing this card, waiting until September 18th could get you the enhanced benefits structure

Fine Print to Know

• None of this has been officially confirmed by American Express
• Details could change before the September 18th launch
• The leaked information appears credible but remains unverified
• Existing Business Platinum holders will likely see automatic upgrades to benefits

Similar Options to Consider

While waiting for official confirmation, current alternatives include:

• Chase Ink Business Preferred: 100K bonus after $15,000 spend, $95 annual fee
• Capital One Spark Miles: 75K miles bonus, $95 annual fee
• Current Amex Business Platinum: Might still be available until September 18th

Act Fast Considerations

If you're interested in the current Business Platinum terms, you have until September 18th to potentially lock in the $695 fee structure. However, the new benefits package appears significantly enhanced, so waiting might provide better value for heavy spenders.

Bottom Line: This leak suggests Amex is creating an even more premium business card experience. The $200 fee increase brings substantial new value, particularly the enhanced hotel credit and expanded earning categories. For businesses that can utilize the high-spend benefits, this could be a compelling upgrade.

For context on how this compares to other premium business cards, check out our comparison of top business credit cardsand our Amex Business Gold review for a lower annual fee alternative.

We'll continue monitoring for official confirmation from American Express. The September 18th date gives us a clear timeline to watch for the official announcement.

FAQ

Q: Is this information confirmed by American Express? A: No, these are leaked details that haven't been officially verified. However, the source appears credible based on past leak accuracy.

Q: Will current cardholders automatically get the new benefits? A: Based on past Amex refreshes, existing cardholders typically receive automatic upgrades to new benefit structures along with any fee increases.

Q: Is the 200K bonus better than current offers? A: The current Business Platinum typically offers 120K-150K bonuses, making 200K points a significant increase in value.

Q: Should I wait or apply for the current version? A: If you can meet the spending requirements and value the enhanced benefits, waiting until September 18th appears wise based on these leaked details. However, if you prefer the current $695 annual fee, you can apply for the current Business Platinum before the refresh.