Why it makes sense to have two American Express Platinum Cards at the same time

this American Express Platinum Card® and American Express Business Platinum Card® If you prioritize luxury travel benefits, these two companies have become two of the best credit cards to own.

With overlapping reward structures and similar benefits, it’s natural to wonder which of the two is best for you. Or, if you already have one of these cards, you might be wondering whether it’s worth buying another one, too.

Well, actually, it might be to your advantage to make room for two cards in your wallet—even if each card comes with an $895 annual fee (see Consumer Platinum and Business Platinum Card rates and fees).

Each card has complementary benefits, and many frequent travelers have no problem offsetting the high annual fees, making these two cards a great combination for maximizing your travels.

That’s why it might make sense to keep both in your wallet.

2 welcome bonuses

Both cards come with generous welcome offers.

at the moment, Business Platinum Card Offers a generous welcome bonus: Earn 200,000 bonus points after spending $20,000 in qualifying purchases on the card within your first three months as a card member.

new consumers platinum Cardmembers can learn about their offers and may be eligible to earn up to 175,000 bonus points after spending $8,000 in purchases within the first six months of cardmembership. Welcome offers vary and you may not qualify for one.

If you apply for both cards and get the full/maximum welcome bonus, you’ll earn at least 375,000 points. According to TPG’s October 2025 valuation, it’s worth up to $7,500, more than four times the total annual cost.

Related: Is the American Express Business Platinum Card worth the annual fee?

Claim credits

Both cards come with points that help card members gain value year after year.

overlapping credits

Typically one of the easiest perks to take advantage of with a Platinum card is the annual airline fee statement points you’ll receive. Each card offers up to $200 in rewards per calendar year that can be used to pay for miscellaneous purchases with an airline, such as seat upgrades, lounge passes and in-flight beverages.

For example, if you have two cards, you can use one point to buy a ticket on Delta Air Lines and the other point to buy a ticket on United Airlines.

Both cards also offer:

You can use one card to pay for your own Clear Plus and Global Entry memberships, and then use another card to pay for your loved ones’ memberships.

unique credits

For the rest of the points, personal cards mainly offer travel and lifestyle-related points, while business cards focus on getting value from business spend.

For example, platinum card Offers up to $300 annual (up to $75 quarterly) Resy statement credit in U.S. Lululemon stores (excluding specialty stores) 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, Business Platinum Card Get up to $200 in annual statement credit on Hilton purchases (total up to $50 per quarter). *You can use this point to pay for your room and miscellaneous purchases like room service and minibar items. Separate registration for Hilton Business Hotel is required.

*Certain benefits require registration.

The Business Platinum Card also offers great value—especially if you’re a high spender. For example, if you spend $250,000 on qualifying purchases, you can unlock up to $1,200 in Amex Travel online flight statement credits and up to $2,400 in One AP statement credits (valid from January 1 to December 31 of the year following the year you meet the spend requirement; One AP access automatically renews).

Related: 9 things to do after getting the American Express Business Platinum Card

Even if you only use half of your points, you can pay the full annual fee for both cards combined.

Maximize Yields and Redemptions

Perhaps one of the biggest benefits of having both a personal and business Platinum card is the yield.

you should use your platinum card For personal expenses and most air tickets. The personal card earns 5 points per $1 spent when booking directly with the airline or through American Express Travel® (up to $500,000 in air travel per calendar year and 1 point thereafter), while the business card is only available on Amex Travel bookings.

Then you should use your Business Platinum Card Use for business expenses and earn:

• Earn 2 points per dollar spent on purchases made at U.S. building materials and hardware suppliers, electronics retailers, software and cloud systems providers, and transportation providers, as well as qualifying purchases of $5,000 or more (up to $2 million per calendar year).
• Earn 5 points for every $1 spent on flights booked through Amex Travel (once you reach your personal card’s spending limit)

The points you earn on both cards can then be combined and transferred to one of American Express’s 20 airline and hotel partners, sometimes with transfer bonuses.

If you have a business card, you can also get 35% back in points (up to 1 million points per calendar year) when you book flights with Amex Travel. (Available on eligible flights on the airline of your choice.)

Related: How to Maximize Your Earnings with the American Express Business Platinum Card

authorized user

Both versions of the Platinum Card allow you to add authorized users.

this platinum card Allows you to add authorized users for $195 each (see rates and fees). this Business Platinum Card Allows you to add up to 99 employee cards with no annual fee (see rates and fees), and authorized user cards for $400 per card (see rates and fees).

For example, you can add family members as authorized users for personal cards and employees as authorized users for business cards. They will all enjoy:

(Sign-up required for certain benefits.)

Related: Should you get your own Platinum card or become an authorized user on another account?

American Express Offers

All American Express cards, including platinum and Business Platinum Card Card, enjoy American Express discounts. These allow you to earn statement points or bonus points when you shop at participating merchants like Amazon, Nike, or Sephora.

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

While American Express offers are great deals on their own, you can do even better when you stack them with online shopping portals to earn extra cash back or bonus points on your purchases. You can also stack them on top of the statement credit offered by your card.

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

**Earn up to $150 in statement credit on U.S. purchases per year and an additional $1,000 in statement credit after spending $5,000 on U.S. purchases per year; enrollment required.

RELATED: The Ultimate Guide to Saving Money with American Express Offers

Separation costs

Another reason to have two cards is to split your expenses, which involves putting personal expenses on your personal card and business expenses on your business card. This is a great practice, especially helpful during tax season, as it helps streamline your spending.

Business expenses tend to be larger than personal expenses. So if you have qualifying expenses, count them in Business Platinum Cardbecause you’ll earn 2 points for every $1 spent (compared to putting it on a personal card).

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

bottom line

The Personal Platinum and Business Platinum cards complement each other well because both offer great value cardmember benefits. Although both cards have high annual fees, the annual points and earning potential can easily provide more value than both cards’ annual fees combined.

This card combination isn’t for everyone. However, for small business owners with a big budget who want to take advantage of generous points and luxury travel opportunities, it might be a worthwhile addition to your wallet.

To learn more, read our full reviews of the Platinum Card and the American Express Business Platinum Card.

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

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