Comparison

American Express Platinum Card vs American Express Gold card: Which is the best?

American Express Platinum Card or American Express Gold? Read our comparison between these two great Amex cards full of benefits and decide which you should choose!

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by Victória Lourenço

08/24/2021 | Updated on 04/29/2022

American Express Platinum or American Express Gold: card comparison

American Express Platinum Card or American Express Gold? Read our comparison to see which one is best for you! Source: Gettyimages
American Express Platinum Card or American Express Gold? Read our comparison to see which one is best for you! Source: Gettyimages

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 American Express Platinum card or American Express Gold. 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: American Express Platinum Card or American Express Gold.

How do you get the American Express Platinum card?

If you are ready to obtain your American Express Platinum card, here are some information that can guide you through the process. Check it out

How do you get the American Express Gold card?

If you fit the profile and want to know how to get your American Express Gold card, here is some important information to guide you!

American Express Platinum cardAmerican Express Gold card
Sign-up bonus*After spending $6,000 or more within the first 6 months, you get 100,000 MR points

*Terms apply
After spending $4,000 on eligible purchases in the first six months, you’ll get 60,000 MR points

*Terms apply
Annual fee$695$250
Rewards*10 MR points for purchases made at supermarkets and gas stations
5 MR points for every dollar spent on flights
5 MR points for every dollar spent on hotel purchases (prepaid)
2 MR points for every dollar spent on all other expenses related to travel
1 MR point for every dollar spent on all other purchases
Uber Rides with the Amex Platinum card, Shop Saks with Platinum

*Terms apply
For flights booked with airline or Amex Travel, get 3 points per dollar spent
4 MR points for every dollar spent at restaurants
4 points for every dollar spent at supermarkets in the United States on $25,000 in purchases/year.
Every dollar spent on other eligible purchases gets you 1 point
$120 Uber Cash using the card
$120 on credit for dining purchases

* Terms apply
Other perksComplimentary access to Eats Pass for 12 months
Airport lounge access
You can pick you card design
No foreign transactions fee
APR15.99% to 22.99% variable APR (Pay Over Time)15.99% to 22.99% variable APR

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American Express Platinum Card

This is an incredible Amex travel card. Source: American Express
This is an incredible Amex travel card. Source: American Express

The American Express Platinum card 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

This Amex card is great for everyday spendings! Source: American Express
This Amex card is great for everyday spendings! Source: American Express

The 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.

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Benefits of American Express Platinum

  • 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 American Express 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

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Disadvantages of American Express Platinum Card

  • Very high annual fee of 695 dollars
  • An incredibly high credit score is required

Disadvantages of American Express Gold

  • 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

American Express Platinum Card or American Express Gold card: which you should choose?

Now let's see which one can be the best card for you. Source: Gettyimages
Now let’s see which one can be the best card for you. Source: Gettyimages

If you are someone with high spending power and love to travel while getting some premium rewards, the American Express Platinum card 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!

Citi Prestige Card

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!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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