Tuesday, September 27, 2022

American Express Gold Card Vs Platinum

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Best Delta Credit Card Offer: Delta Skymiles Gold American Express Card Vs Delta Skymiles Platinum American Express Card Vs Delta Skymiles Reserve American Express Card

Amex Platinum Card vs Amex Gold Card (Full Comparison 2021)
Delta SkyMiles® Gold American Express Card Delta SkyMiles® Platinum American Express Card Delta SkyMiles® Reserve American Express Card
Welcome offer Earn 40,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months. Earn 50,000 bonus miles and 5,000 Medallion® Qualification Miles after you spend $2,000 in purchases on your new Card in your first 3 months. Earn 50,000 bonus miles and 10,000 Medallion® Qualification Miles after you spend $3,000 in purchases on your new Card in your first 3 months.
Earning rates Earn 2X Miles on Delta purchases, at restaurants worldwide, plus takeout and delivery in the U.S., and at U.S. supermarkets. Earn 1X Mile on all other eligible purchases. Earn 3X Miles on Delta purchases and purchases made directly with hotels. Earn 2X Miles at restaurants worldwide, plus takeout and delivery in the U.S., and at U.S. supermarkets and earn 1X Miles on all other eligible purchases. Earn 3X Miles on Delta purchases. Earn 1X Mile on all other eligible purchases.
Annual fee

Which Is Better The Amex Gold Or The Amex Platinum

The better card between the Amex Gold and Amex Platinum is the one that best suits your lifestyle and spending habits. Though both cards come from the same credit card issuer and have some similarities, there are important differences between them. For example, both cards earn valuable Amex Membership Rewards points, but the Amex Gold is more suited for earning on dining and grocery purchases while the Amex Platinum is geared toward travel spending.

This is made even more clear with each cards benefits. The Amex Gold offers up to $120 in dining credit each year, while the Amex Platinum offers up to $100 in fee reimbursement for Global Entry or TSA PreCheck, complimentary airport lounge access, free elite hotel status with and Hilton Honors, and more. Select benefits require enrollment.

Who Should Consider The American Express The Platinum Card

The Platinum Card from American Express is a great option for frequent travelers that want luxury benefits and generous rewards. Cardholders get complimentary travel insurance, no foreign transaction fees, access to the American Express Global Lounge Collection, concierge services and more.

  • You can transfer points to partner airlines through their frequent flier programs.

  • You get complimentary Marriott Bonvoy Gold Elite Status and Hilton Honors Gold Status.

  • You can earn 5x points directly on airline purchases and prepaid hotels and flights booked through American Express Travel, up to $500,000 per year.

Both of these cards are solid options for consumers that spend generously, and want significant rewards. However, the divider between the two cards is the lifestyle of the cardholder. If you are a regular traveler, meaning more than once a quarter, you may find the Platinum Card worth it. If you travel a few times per year and enjoy eating out, the Gold Card will get the job done. While The Platinum Card is packed with benefits, the $695 annual fee is a steep ask. So if you decide the Platinum Card is your best choice, be sure to have a plan to utilize the benefits.

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Earning Points With The Amex Green Gold Or Platinum

All three of these American Express cards earn Membership Rewards points, which can be redeemed in many different ways. But by far, the most lucrative redemption option for them is travel, and with many partnership opportunities, Membership Rewards points can help you visit friends and family around the world or even take an outrageously expensive once-in-a-lifetime trip for very little cost.

Surprisingly, even though the Amex Platinum is the most expensive card of the three, it actually earns the fewest points on your everyday purchases. Other than earning 5 points for every dollar you spend on prepaid hotels booked with American Express Travel, as well as flights booked with Amex Travel or directly with an airline, youll only earn 1 point per dollar on everything else.

On the other hand, the Amex Green earns 3 points per dollar on all travel purchases, which includes all hotels and flights regardless of how theyre booked, along with rental cars, cruises and many other travel-related purchases. Youll also earn 3 points per dollar on restaurants including takeout and delivery and transit. Then, on all other purchases, youll earn 1 point per dollar spent.

For those looking for a card to maximize their food-related purchases while travel is at an ebb due to the pandemic, the mid-tier Amex Gold card is a perfect fit. Youll earn 4 points per dollar at restaurants and 4 points per dollar at US supermarkets, up to $25,000 per year in purchases .

Delta Skymiles Platinum American Express Card Vs Delta Skymiles Reserve American Express Card

American Express Gold Card Vs Platinum

When comparing the Delta SkyMiles® Platinum American Express Card vs Delta SkyMiles® Reserve American Express Card, its important to note that the differences between these cards are much more minor than between the Delta SkyMiles® Platinum American Express Card and Delta SkyMiles® Gold American Express Card cards. That said, we believe that, most of the time, the Delta SkyMiles® Platinum American Express Card will still give you the most bang for your buck.

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Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning.

Amex Platinum Perks And Credits

To justify its $695 annual fee, the Amex Platinum comes with a ton of perks. There are too many benefits to list them all, but Ill go through some of the highlights.

First, the card offers over $1,600 in annual statement credits, including:

  • Up to $200 airline incidental credit Not valid for the purchase of airfare, but you can use this credit for incidental charges like seat selection, bag fees, lounge access, etc.*
  • Up to $200 in annual Uber cash Up to $15 a month with a $20 bonus in December when you add your card to your Uber account.*
  • Up to $100 annual Saks Fifth Avenue credit $50 valid for purchases made between January and June, and another $50 for purchases made between July and December.*
  • Up to a $200 annual hotel credit Valid on prepaid Amex Fine Hotels and Resorts or The Hotel Collection bookings with Amex Travel when you pay with your Amex Platinum.*
  • Up to $189 annual CLEAR® credit to cover your annual membership.*
  • Up to $240 annual digital entertainment credit $20 in monthly statement credits when you pay for eligible purchases with the Amex Platinum at select partners.*
  • Up to $300 annual Equinox credit $25 in monthly statement credits on select Equinox memberships of Equinox+ app.*
  • Up to a $155 statement credit that covers the cost of an annual Walmart+ membership when paying with their Amex Platinum. Plus Ups are excluded.*

*Enrollment is required for select benefits, and terms apply.

Enrollment required for select benefits.

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The Platinum Card From American Express And The American Express Gold Card Are Two Of Our Favorite Cards Because They Both Offer Valuable Rewards

While one card offers more rewards for everyday purchases like restaurants and groceries, the other card features travel and lifestyle perks potentially making them both great options to add to your wallet.

But which card is better? Lets take a closer look to see if we can figure out which card is best for your needs.

The Vacationers Final Thoughts

Amex Gold vs Platinum Card (2022) | FULL Comparison & Review

These two cards contend to be the best American Express credit card for earning travel rewards. You can earn an above-average number of points on travel purchases and redeem your points for award flights.

However, each card serves a different customer base.

The Platinum Card from American Express offers a crazy amount of luxury travel benefits that other premium credit cards cant hold a candle to. However, these perks wont be worth the $695 annual if you dont fly often or patronize the brands offering the statement credits.

On the other hand, the American Express Gold Card is a snazzy semi-premium travel credit card. While you sacrifice several air travel benefits, you can make up the difference each week when its your go-to card for grocery and dining purchases.

Once you decide which card has the most relevant travel and shopping benefits for your circumstances, its time to apply.

Editorial Disclosure: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post.

Josh Patoka writes about maximizing travel rewards for The Vacationer. As well, he contributes to several personal finance sites specializing in making money, paying off debt, and investing.

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The American Express Platinum Card

The Platinum Amex card offers members five points for every dollar spent on flights booked directly through airlines or through the American Express travel site, five points for prepaid hotels booked through amextravel.com, and one point for every dollar spent on other purchases.

The Platinum welcome bonus as of February 2021 gives cardholders 75,000 points when they spend $5,000 or more in the first six months of account membership. This is the equivalent of $855 for flights booked through the Amex travel website. However, if you decide to add up to three additional cards on your Platinum account, expect to pay an extra annual fee of $175. Each card after that will be billed a $175 annual fee, as well.

The Platinum card is great for people who love to travel. There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website. Points can also be transferred to other frequent flyer programs.

The Platinum card offers Uber ride credits in the United States, giving cardholders a maximum of $15 in credits each month. The card also comes with an annual $200 incidental airline fee credit on the eligible airline of your choice, giving passengers complimentary checked baggage and an in-flight meal with qualifying airlines.

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Is The Amex Platinum Card Worth It

With a hefty $695 annual fee, it might not make sense to have this card if you dont travel often. But the Amex Platinum Card is worth it if you can take advantage of the cards premium travel perks and benefits.

The Amex Platinum provides up to $200 in Uber Cash each year, which can be used for Uber rides or Uber Eats orders, up to $100 in annual Saks Fifth Avenue credits, a $200 airline incidentals credit on a qualifying airline, plus several other valuable credits. You also get complimentary airport lounge access through the Priority Pass and Amex Centurion Lounge networks. Additionally, Marriott Bonvoy and Hilton Honors hotel elite statuses are included, and you get free travel insurance coverage when you book trips using your card, which can keep you financially protected on your travels. Select benefits require enrollment.

American Express Gold Card Statement Credits

American Express Platinum vs Gold: Which credit card is best ...
  • $120 dining credit per year: Up to $10 in monthly statement credits when you use your card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar or participating Shake Shack locations. Enrollment required.
  • $120 Uber Cash per year: $10 in Uber Cash each month toward Uber Eats or Uber rides in the U.S. when you add your card to your Uber account.

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Does It Make Sense To Hold An Amex Platinum And Amex Gold Card

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Editors note: This post has been updated with the latest credit card information.

When Amex announced in 2018 that it was revamping the American Express® Gold Card, it instantly became one of the top cards in terms of return on spending. With 4x Membership Rewards points on dining at restaurants, 4x points at U.S. supermarkets and 3x points on flights booked directly with the airline, you are able to rack up some serious points over the course of a year.

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Many of those who already have The Platinum Card® from American Express may be eyeing those bonus categories as a great complement to whats already their wallet.

As TPG contributor Ethan Steinberg explained here, you can pair three Amex cards to really maximize your rewards on just about every bonus category and everyday, non-bonus spending. But to specifically address the issue at hand, is it logical to hold both the Gold card and the Platinum card, especially with their serious annual fees? While that partially depends on your travel habits and spending patterns, there is one case where it can definitely make sense: if you can maximize the credits for each card.

Best For Everyday Spending: Delta Skymiles Platinum American Express Card

If you travel often, but only sometimes like to take advantage of the airport lounge, theres no question the Delta SkyMiles® Platinum American Express Card will offer you the most value. With an annual fee of $250, which is still high but moderate compared to the $550 for the Delta SkyMiles® Reserve American Express Card, the Delta SkyMiles® Platinum American Express Card affords you nearly all the same benefits than the Delta SkyMiles® Reserve American Express Card.

Compared to the Delta SkyMiles® Reserve American Express Card, the Delta SkyMiles® Platinum American Express Card gives you Earn 3X Miles on Delta purchases and purchases made directly with hotels. Earn 2X Miles at restaurants worldwide, plus takeout and delivery in the U.S., and at U.S. supermarkets and earn 1X Miles on all other eligible purchases.

On the downside, its annual companion pass is limited to domestic travel in the main cabin, which can be especially limiting if you prefer to fly in first class.

The bottom line: The Delta SkyMiles® Platinum American Express Card gives you more points on different spending categories and the annual fee is lower, but you have to pay for lounge access and your companion pass is limited to the main cabin.

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American Express Gold Card Vs Platinum Card From American Express

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Experience

Review & Fact Check: Baruch Mann

Baruch Mann

Financial Expert, The Smart Investor CEO

Experience

Writer, Contributor

Experience

Review & Fact Check: Baruch Mann

Baruch Mann

Financial Expert, The Smart Investor CEO

Experience

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Table of Content

American Express is known as one of the best issuers of credit cards in the US market. Two of its main travel-focused cards are the Platinum Card® from American Express and American Express® Gold cards. These both have a wide range of perks that make them a good fit for people who want a versatile type of card that has some great rewards.

They even look great. This review will look at the commonalities and differences between these two options.

Customer Reviews: Which Card Wins

AMEX GOLD VS. PLATINUM (Amex Platinum Card Benefits | Amex Gold Card Review)
Amex Gold Card
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For the Platinum Card customers generally rave about the great travel rewards and perks that are in place. You are unlikely to find much better in this regard. On the downside, the annual fee is a bit hefty and it is not as good for a wider range of non-travel purchases.

For the Gold card, customers enjoy the nice versatility that allows you to get rewards on a wide range of different purchases. In terms of downsides, the annual fee is a good bit higher than similar cards from competitors.

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American Express Green Vs Gold Vs Platinum

Lets start with a side-by-side-by-side breakdown of the key features of all three of these popular American Express travel cards.

*See rates and fees for the Amex Gold card **See rates and fees for the Amex Platinum card.

Right away, youll notice there are a wide array of differences among these three cards, especially when it comes to the points you earn on everyday purchases and the benefits each card provides. Lets dive into each feature in detail to see which card offers the best opportunities.

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