Not all vehicle types or rentals are covered. Copyright 2022 CreditCards.com a Red Ventures Company. For rates and fees of the Amex Platinum, click here.For rates and fees of the Amex Gold, click here. plane, train, ship, or bus) when the entire fare for a ticket for the trip (one-way or round-trip) is charged to an eligible card. Post-purchase benefits for auto repairs and deductibles can also be worth up to $2,000 in value. If earning points isnt for you or you want to expand the ways you can earn Credit Card benefits American Express offers three Cards that earn you cash back on all eligible purchases. Your financial situation is unique and the products and services we review may not be right for your circumstances. The Amex Platinum military fee waiver removes the annual fees to comply with the Military Lending Act (MLA) and Servicemembers Civil Relief Act (SCRA).. However, we may receive compensation when you click on links to products from our partners. Learn more about 0% balance transfer credit cards. Same name, different cards: How to distinguish the Amex Gold card from the authorized-user Gold card, This post contains references to products from one or more of our advertisers. For the car rental collision damage coverage benefit of The Platinum Card from American Express, car rental loss and damage insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the commercial car rental company. When comparing the American Express Gold Card and The Platinum Card from American Express, both are excellent American Express card choices. Both the Amex Gold and the Platinum card are premium cards offered to consumers with very good to excellent credit. Insider values Amex Membership Rewards points at 1.8 cents each, so that means a whopping 9% of value back on the bonus categories. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. While some people think of these card variations as levels, its more accurate to think of each as its own, special category with its own benefits and rewards so you can choose the card that matches your purchasing preferences: Understanding the value and nuances of each American Express Cards benefits can help you choose the right Card for you and your lifestyle. Visit americanexpress.com/benefitsguide for more details. The good news is having a Gold authorized user card won't prevent you from earning the welcome bonus on the Amex Gold Card, with its $250 annual fee (see rates and fees). Earning rewards is important as their value can far exceed the cost of any annual fee you would have to pay for a card. Visit americanexpress.com/benefitsguide for more details. From industry experts to data analysts and, of course, credit card users, were well-positioned to give you the best advice and up-to-date information about the credit card universe. Third-party service costs may be your responsibility. If you travel frequently, youll find the complimentary access to over 1,400 lounges in the American Express Global Lounge Collection an impressive perk. For the extended warranty benefit of The Platinum Card from American Express, when an American Express card member charges a covered purchase to an eligible card, extended warranty can provide up to one extra year added to the original manufacturers warranty. Keep an eye on your inboxwell be sending over your first message soon. Platinum: 75,000 Loyalty Points. How do you upgrade your Amex Gold card to the Amex Platinum card, and does it make sense to do so? Uber Cash and Uber VIP status is available to Basic Card Member only. Using the Amex Platinum and Amex Gold cards in tandem to earn maximum rewards on your spending can lead to getting maximum returns on your points redemptions. plane, train, ship, or bus) when the entire fare for a ticket for the trip (one-way or round-trip) is charged to an eligible account. Gold: 30,000 Loyalty Points. Terms apply to offers listed on this page. 8For more on Rates and Fees for Amex EveryDay Preferred, clickhere. Plan It by American Express lets you make purchases of $100 or more on the Card and split them into fixed monthly installments. Vacationer and/or The Vacationer are trademarks of Jones-Dengler Marketing, LLC, Privacy Policy | Do Not Sell My Personal Information | Accessibility Statement, How to Get Through TSA Airport Security Faster, Best & Worst Days to Fly for Christmas and New Year's, American Airlines Baggage Fees & Allowance, Best Ways to Earn United MileagePlus Miles, Capital One Venture X Rewards Card Benefits, Capital One Venture Rewards Card Benefits, Best Credit Cards for Rental Car Insurance, Best Credit Cards for Global Entry & TSA PreCheck, Best Credit Cards for Airport Lounge Access, Credit Score Requirements for the Amex Gold Card, $175 for up to 3, then $175 each for 4th or more card, $0 for the first 5 and then $35 for the 6th or more card, 100,000 Membership Rewards after spending $6,000 in 6 months ($1,000 value), 60,000 Membership Rewards after spending $4,000 in 6 months ($600 value), 5x on flights booked directly through airlines or with American Express Travel (up to $500,000 per year). These American Express cards are both premium cards that deliver a myriad of benefits. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post. Its been circulated among points and miles maximizers that four or five Amex Cards are the maximum you can hold at any one time and applying for any more above that will result in a denial of your application. Enrollment required. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Compare the cost in points or miles to cash, and see which option is best. Coverage limits are $10,000 per occurrence, $50,000 maximum per year. Are you sure you want to rest your choices? Underwritten by AMEX Assurance Company. The supermarket category excludes big-box stores where you might buy groceries, like Target or Walmart, but includes most dedicated US supermarkets. This product provides secondary coverage and does not include liability coverage. Underwritten by AMEX Assurance Company. Earn 60,000 Membership Rewards Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership. transfer your Membership Rewards to airline partners. Both cards earn valuable Membership Rewards points, and American Express lets you combine points earned on different cards. Not all vehicle types or rentals are covered. Eligibility and benefit level varies by card. For the baggage insurance plan benefit of The Platinum Card from American Express, baggage insurance plan coverage can be in effect for covered persons for eligible lost, damaged, or stolen baggage during their travel on a common carrier vehicle (e.g. Both cards have a new member bonus, although the Platinum card's is higher. There are two ways to go about this. 6For more on Offer & Benefit Terms for The Platinum Card, clickhere. You get complimentary access to these lounge networks: The airline-operated lounges are only available when you have a same-day itinerary with the carrier. However, the various annual statement credits the card offers bring the effective fee down to $195. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. eligible for a welcome bonus of up to 90,000 points with the Amex Gold card! the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. For frequent travelers, the airport Here is an example of how much your Membership Rewards can be worth: You can also transfer your points to 20 airline and hotel loyalty programs, usually at a 1:1 ratio in 1,000-point increments. Since 2004, CreditCards.com has worked to break down the barriers that stand between you and your perfect credit card. The best way to use credit cards with no balance transfer fee is by paying off your debt in the first 12-18 months. The Platinum Card offers its most generous earnings for flights and hotels booked with American Express Travel. Another option is to use points tobid for upgrades on a flight. For example, the Card offers: Consider the Blue Cash Everyday Card if:you want a no-annual-fee grocery, gas, and online retail rewards Card that earns you cash back instead of points, in addition to select streaming and meal-kit credits. Your credit cards journey is officially underway. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. The Serve card is an American Express branded card and as such, is accepted anywhere American Express is accepted. Amex Offers can be accessed when you log into your online American Express card account. Heres how to choose one today. Business Credit Cards for Advertising Purchases, Business Credit Cards for Shipping Purchases, Top Reasons to Get a Business Credit Card, How to Apply For a Small Business Credit Card, Maximize Rewards From Your Business Purchases, Comparing Top 3 Chase Business Credit Cards, Tourist Visa Requirements for U.S. Citizens, How to Cancel an American Airlines Flight, TSA PreCheck Everything You Need to Know, Chicago OHare International Airport [ORD], Best Websites for Booking Affordable Hotels, Best Hilton Luxury Hotels to Book With Points, Guide to Hotel Status Matches and Challenges, Best Marriott Luxury Hotels to Book With Points, Best Ways to Redeem Marriott Points for Hotels, Best IHG Luxury Hotels to Book With Points, Marriott Bonvoy Hotel Loyalty Program Review, Amex Platinum Card vs. Amex Gold Card Overview. Before choosing a credit card, make sure to do some research around what credit card is best fit for your needs. Earn 150,000 points. However, the semi-premium card offers more than most rewards credit cards. Its prudent to look at the entire package before selecting a card based solely on the size of the welcome offer. The Amex Platinum card is a favorite for luxury travel perks like global airport lounge access and credits. Heres an overview of what each card has to offer so you can determine which of these popular American Express cards is a match for you. The American Express Business Platinum Card gives your enterprise access to Amexs business partners, offering over $1,000 in credits for business services. The best use and value potentially is to transfer points to airline frequent flyer partners and book flights that way. MoneyGeek compared the two credit cards on several factors including rewards programs, annual fees, welcome offers and more to help you choose which is more suitable for your needs. Click here to see a list of advertisers that we work with. 1 point per dollar on other purchases. 6% cash back on select streaming subscriptions. Annual statement and shopping credits, if you can utilize them, offer value that can offset the cost of an annual fee. One could argue that the sign-up bonus* should be counted in the equation. Find the right card for you. Flights purchased directly from airlines or from Amex Travel, Prepaid hotels purchased from Amex Travel, Other travel not purchased from Amex Travel, $10,000 per trip maximum of $20,000 per account per 12-month period. Terms, conditions and limitations apply. Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. 40% bonus compared with basic. If you have questions, please consult your own professional legal, tax and financial advisors. Visit americanexpress.com/benefitsguide for more details. The dining and supermarket bonus categories are an easy way to earn bonus Membership Rewards frequently. To qualify for this Offer make sure to open a new Scotiabank Platinum American Express credit card account by January 3, 2023. Here is an overview of each cards main benefits and fees. As an Amex Platinum cardmember, youll earn valuable Membership Rewards points, receive up to $1,500 in annual statement credits (as long as you can take advantage of Fast forward to today: That simple credit cardidea has evolved into a plethora of possibilities ready to suit the incredibly diverse lifestyles, tastes, and spending habits of a 21st Century generation. Golds annual fee is $250,4 and you typically have to pay your balance in full each month unless you opt into Pay Over Time with interest, of course. It can help protect covered purchases made on your eligible card when theyre accidentally damaged, stolen, or lost, for up to 90 days from the covered purchase date. Unmatched perks of the American Express Platinum CardOverview of the benefits on offer. The American Express Platinum Card comes teeming with benefits that turn your leisure or business travel from just getting from A to B to Travel benefits. The Platinum Card offers four main forms of travel benefits. Lounge benefits. Hotel Status benefits. Insurance Cover. American Express benefits. Summing up. While the Platinum Card does not come with a free American Express Gold Card like the one we are comparing in this article, you can add users to your Platinum Card who then subsequently receive a different basic Gold card which is free. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. Accuracy, independence and authority remain as key principles of our editorial guidelines. For more information on our advertisers, see here. Geographic restrictions apply. While benefits at The Hotel Collection are only valid once per stay, you can book up to 3 rooms and each room will receive the $100 credit and upgraded room, when available. These lounges are reserved just for cardholders of the Platinum, The Business Platinum Card from American Express and the even more exclusive invitation-only Centurion Card from American Express*. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Eligibility and benefit level varies by card. Not as useful for those living outside the U.S. Both cards let you earn bonus Membership Rewards that are most valuable for award flights or gift cards. Thats all well and good, but how do you decide which one is right for you? First, despite the product names that might lead you to believe that the American Express Platinum is just the upgraded version of the American Express Gold card, these cards are two very different products targeted toward consumers with very different spending patterns and needs. However, the Amex Schwab Platinum card requires that you first have a qualifying Schwab account to apply for the card. Tip: Both the American Express Gold Card and the Platinum Card from American Express are known for promoting targeted offers in CardMatch, CreditCards.coms tool for matching you with card offers aligned with your credit profile. This is a no annual fee10 cash back Card that aims to help you earn rewards for everyday essentials. You'll only get 1 cent per point, but it can be a decent redemption if you want to try for an upgrade but don't want to pay cash. Eligibility and benefit level varies by card. Each Card has different potential bonus categories, outlined below, so you can find the right cash back Card to match your spending habits. Is the Amex Platinum worth the annual fee? Issuers may also add or subtract benefits from their cards, so check out the webpage or enrollment materials for The additional rewards earned from an authorized users purchases can also be a plus. Earn 100,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. See the online credit card applications for details about the terms and conditions of an offer. Terms, conditions and limitations apply. We take your comments very seriously as they really help us to improve the site. For your Reserve and pay for your rental car in full with your card in order to activate coverage. American Express Gold card vs. American Express Platinum card, Credit score needed for the American Express Platinum card. The Amex Platinum card comes with a premium Platinum Concierge service. For the purchase protection benefit of The Platinum Card from American Express, purchase protection is an embedded benefit of your card membership and requires no enrollment. This site does not include all credit card companies or all available credit card offers. Terms, conditions and limitations apply. Making the choice to have an American Express card in your wallet is an easy decision, especially when the card earns flexible Membership Rewards points and comes with a long list of benefits. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. Editorial Disclosure:The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. Can You Get a Credit Card Without a Social Security Number? Heres a look at the potential for earning Membership Rewards points with each card: If youre in the process of deciding between these 2 cards, how bonus category earnings align with your spending habits should be a part of your decision. Theres no annual fee.9, Consider the Cash Magnet Cardif:you want to earn rewards in the form of cash back instead of points, you like simplicity, and dont want to pay an annual fee.9. Please view our advertising policy page for more information. But airport lounge access isnt the end of the Platinum cards travel benefits. If your trip is canceled or interrupted for a covered reason, you can receive up to $10,000 per trip and up to $20,000 per eligible card per 12 consecutive month period. Save by getting $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection 1 bookings through American Express Travel when you pay with your Platinum Card .Plus, each of these bookings comes with complimentary The Platinum Card from American Express offers 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. This distinction can lead to some confusion for those expecting to get the better-known version of the Amex Gold Card and its 4x Membership Rewards points at restaurants and 4x points at U.S. supermarkets on up to $25,000 per calendar year in purchases (then 1x point). Visit americanexpress.com/benefitsguide for more details. The coverage is limited up to $10,000 per occurrence, up to $50,000 per card member account per calendar year. All Rights Reserved. Get highlights of the most important news delivered to your email inbox. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Bottom Line: Earnings are highest for flights and prepaid hotel purchases through Amex Travel with the Amex Platinum card, while dining and grocery store purchases offer the highest earnings using the Amex Gold card. (Photo by Zach Griff/The Points Guy) American Express cardmembers with a Centurion or Platinum-branded card such as The Platinum Card from American Express or The Business Platinum Card from American Express have access to Amex Centurion Lounges. Visit americanexpress.com to learn more. Authorized users on the Platinum card get their own airport lounge access, Gold status with Hilton and Marriott and access to American Expresss Fine Hotels and Resorts and The Hotel Collection. Visit americanexpress.com/benefitsguide for more details. However, all three cards have trip delay insurance, which covers out-of-pocket expenses incurred when a flight is delayed. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. For the car rental collision damage coverage benefit of the American Express Gold Card, car rental loss and damage insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the commercial car rental company. 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