If you own a business and have very good credit, the American Express Platinum Business FreedomPass can offer you competitive interest rates with an excellent rewards program. The FreedomPass for business allows you to cover business expenses while earning attractive rewards for your spending. This post will cover the basics of the Platinum Business FreedomPass Card by American Express and will highlight the features that make it stand out from other business cards.
The American Express Platinum Business FreedomPass Card: The Basics
- 0% introductory APR, applied to purchases
- Introductory APR lasts for a full year
- 7.99% APR on balance transfers for the life of the loan
- 12.24% regular APR (variable)
- No annual fee
- Points rewards program
The Rewards Program Explained
For no additional fee, you will have access to the rewards program just by being a cardholder. With the Platinum Business FreedomPass rewards program, for each dollar you spend on all purchases, you will earn one reward point. You also get 5,000 bonus points after making your first purchase. You can redeem your points to make purchases at hotels, airlines, car rentals, online travel sites, cruise lines, travel agencies, and tour operators. How this works is you make the eligible purchase on your FreedomPass card, and, once it appears on your statement, you request that the redemption discount be applied. You must redeem your points for one purchase at a time. There is no limit to the amount of points that can be redeemed per purchase, as long as it is in 7,500 point increments (about $100 worth of credit), and they are redeemed in a single request. Points never expire.
Unlike many business rewards cards, the Platinum Business FreedomPass American Express has no annual fee. The introductory rate of 0% is unbeatable, and this rate lasts for a full year, which is much longer than the introductory APRs of most cards last. Another big selling point of this card is that, if you transfer a balance within the first year of becoming a cardholder, you will lock in a low 7.99% interest rate for the life of the loan. Once these introductory rates expire, the Platinum FreedomPass for Business offers the competitive, variable APR of 12.24%. As with any American Express business credit card, you will also have access to a variety of useful services. These services include discounts from selected retailers, auto rental insurance, and up to $100,000 in travel accident insurance.
Click here to apply for the Platinum Business FreedomPass Card from American Express