The Platinum Card® from American Express or American Express® Gold Card?
The Platinum Card® from American Express or the American Express® Gold Card? Read our comparison between these two great Amex cards full of benefits and decide which you should choose!
by Victória Lourenço
The Platinum Card® from American Express vs. American Express® Gold Card: which card is best?
American Express, also called Amex, is a very well-known financial company. Amex cards usually offer a number of great perks and rewards. But in this post, we will show you the pros and cons of two American Express cards for you to decide: the The Platinum Card® from American Express or the American Express® Gold Card. Both cards carry very exclusive benefits.
Are you more of a traveler or someone who does a lot of everyday spending? In this post, we are going to give some information about both cards to help you understand which card has the best benefits for you: The Platinum Card® from American Express or the American Express® Gold Card.
How to apply for the The Platinum Card® Amex?
Do you need an Amex credit card? If so, read on to learn all about the Platinum Card® American Express application!
How to apply for American Express® Gold Card?
If you fit the profile and want to know how to get your American Express® Gold card, here are some important information to guide you!
|The Platinum Card® from American Express||American Express® Gold Card|
|Sign-up bonus*||100,000 Membership Rewards after $6k on purchases during the first 6 months of card usage.|
|60,000 MR points after spending $4,000 on eligible purchases in the first 6 months|
Rates & Fees.
Rates & Fees
|Rewards*||5 points per dollar spent on American Express Travel up to $500,000 per calendar year;|
5 points on hotel bookings through American Express Travel;
2 points on travel expenses booked through Amex Travel;
1 point per dollar on all other eligible purchases;
Acess to airport lounges worldwide.
|3 points per dollar spent on flights booked with the airline or Amex Travel;|
4 MR points per dollar spent at restaurants;
4 points per dollar spent at supermarkets (U.S.) on $25,000 in purchases per year, then 1x;
1 point per dollar spent on all other eligible purchases;
Up to $120 Uber Cash on Amex Gold;
Up to $120 on dining credit, and more.
* Terms apply
|Other perks||Complimentary access to Eats Pass for 12 months|
Airport lounge access
|You can pick you card design|
No foreign transactions fee
|APR||See Pay Over Time APR|
(APR for Pay Over Time Feature: 20.24% to 27.24% variable APR on eligible charges).
Cash Advance APR: 29.49% variable.
Rates & Fees
|Pay Over Time APR: 20.49% – 28.49% variable APR on eligible charges.|
Rates & Fees
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The Platinum Card® from American Express
The Platinum Card® from American Express is a more premium option. It has many exclusive rewards and perks. The hefty $695 annual fee might be worth it if you are able to pay and enjoy these perks.
For example, the great welcome offer of 100,000 Membership Rewards® points that you can get aft spending $6,000 within the first six months. You can also earn 10X points spending with eligible purchases at restaurants all over the world.
You can also earn 5X MP points if you book flights with airlines or American Express Travel (terms apply). Among other rewards, you can get hotel credit, credit for the digital entertainment options provided by Amex.
Plus, as a cardholder, you can get premium lounge access, which includes the lounges that are exclusive for cardmembers. But keep in mind that you will need a very good credit score to get this Amex card.
American Express® Gold Card
American Express® Gold Card gives great rewards for cardholders that need to spend a lot on everyday purchases. There is a bonus of 4X points for spendings made at restaurants and in supermarkets in the United States.
It also has the Membership Rewards® points available. And If you need to make foreign transactions, this card has no foreign transaction fees.
Even though this is not exactly a travel card, you can earn 4X points for airfare when you purchase from the airline or American Express Travel. Also, you get 1X point for all the other eligible purchases.
But you will also need a very high credit score to be able to get approved for this card. So, make sure that you have the spending power and fit the profile to get this card.
Benefits of The Platinum Card
- Airport lounge access
- Get annual statement credits with Uber
- Complimentary access to Eats Pass for 12 months
- Great welcome bonus
- 5X MP points for booking flights with airlines or Amex Travel
Benefits of the Gold Card
- 4X at supermarkets in the United States (terms apply)
- 4x points for spendings at restaurants (it includes takeout and delivery)
- $120 Uber Cash using the Amex card
- $120 on credit for dining
- 1X points for every other eligible purchase
Disadvantages of The Platinum Card
- Very high annual fee of 695 dollars
- An incredibly high credit score is required
Disadvantages of the Gold Card
- If you don’t live in the United States, it might not be such a good idea to get the card, as it has points available only at U.S. supermarkets
The Platinum Card® from American Express or American Express® Gold Card: which you should choose?
If you are someone with high spending power and love to travel while getting some premium rewards, The Platinum Card® from American Express can be good for you. If you don’t travel as much and you need to spend a lot on everyday purchases, then the American Express® Gold Card can be your choice.
Both of the cards have the Membership Rewards® points that are offered by Amex. But the American Express Platinum option has a higher annual fee. But with a high annual fee, there are also good premium rewards, like the exclusive lounge access.
To answer which one of these cards is the best one for you, you can review our information about the cards, and also check out the Amex website to see their terms directly from the source.
And always remember that there is no best card, just the best card that fits your spending profile and your lifestyle as well. So, always remember to check the perks and benefits and to always understand your personal finances. By doing that, you will be able to enjoy the great perks of one of these cards a lot better!
But if you are still thinking about which card can be best for you, and would like to see more options, that’s great too! So, you can check out our posts about the other cards that might fit your profile.
For example, if you would like a card with more points for dining and restaurant-related purchases, check out our post about how to get the Citi Prestige card. This card even has 5X points for purchases that are related to dining!
How to apply for a Citi Prestige Card credit card
The Citi Prestige card from Citibank offers great welcome bonuses, in addition to having a simple signup process. Discover how to apply!
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