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Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
The Platinum Card® from American Express and the American Express® Gold Card are both premium cards, and each offers a long list of benefits. In general, The Platinum Card® is best for high-spending frequent travelers, while the Gold Card favors foodies. However, figuring out which is best for you can require a careful review of each card's fees and benefits.
The Platinum Card® from American Express vs. American Express® Gold Card
A side-by-side overview of The Platinum Card® from American Express and the American Express® Gold Card can make it easier to compare the options. As you take a closer look at some of the main differences between the two cards, it may become clear which one is a better fit for you. Terms apply to all American Express benefits and offers. Enrollment may be required to receive benefits and statement credits.
|The Platinum Card® from American Express||American Express® Gold Card|
|Foreign transaction fee||None||None|
|Possible welcome offers||Earn 100,000 bonus points if you spend $6,000 on eligible purchases within 6 months of card membership||Earn 60,000 bonus points if you spend $4,000 on eligible purchases within 6 months|
|Eligible for Amex Offers||Yes||Yes|
|Authorized-user cards||$175 for up to three additional Platinum cards, then $175 per card||Five for free, then $35 for each additional card|
Annual Fees and Welcome Offers
The Platinum Card® from American Express stands apart from many rewards cards—including other premium options—with its $695 annual fee (see rates and fees). Whether it's worth the high cost may depend on how much value you'll get from the rewards, statement credits and other cardholder perks.
The benefits could far outweigh the costs if:
- You can meet the welcome offer requirement with your usual spending.
- You use the statement credits offered (more on that below), allowing you to save hundreds of dollars each year.
- You will frequent the airport lounges and take advantage of other premium perks offered.
The American Express® Gold Card's $250 annual fee (see rates and fees) may be much easier to swallow. Although the fee is higher than on many rewards cards, the card has several statement credits that can help you save money. You also get a great rewards rate at restaurants and U.S. supermarkets.
You'll have a lower spending requirement for the American Express® Gold Card's welcome offer. There are also fewer statement credits to remember and manage—which may be a pro or con depending on how you use cards.
You may be matched with this and other cards at Experian CreditMatch™
Both cards offer statement credits on eligible purchases. The Platinum Card® from American Express clearly provides more options, although their usefulness could depend on where you usually make purchases.
The Platinum Card® from American Express Statement Credits
- $300 Equinox credit: Get up to $25 back each month on the Equinox+ digital fitness app, or select Equinox memberships when you pay with your Platinum Card®. Enrollment required.
- $300 SoulCycle credit: Toward the purchase of up to 15 SoulCycle at-home bikes per calendar year through Equinox+ (minimum 12-month Equinox+ membership required).
- $240 digital entertainment credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
- $200 airline fee credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
- $200 hotel credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $100 Saks credit: A $50 statement credit from January through June, and again from July through December, for purchases at Saks Fifth Avenue or saks.com.
- Up to $189 CLEAR credit per year for a CLEAR membership.
- Global Entry or TSA Precheck credit: Up to $100 for Global Entry membership every four years, or $85 for TSA Precheck membership every 4.5 years.
- Walmart+ membership credit: The statement credit covers the monthly cost of a Walmart+ membership, which is $12.95 plus applicable local sales tax. Plus Ups are excluded.
American Express® Gold Card Statement Credits
- $120 dining credit per year: Up to $10 in monthly statement credits when you use your card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed or participating Shake Shack locations.
- $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.
Rewards and Redemption
Both cards are part of the American Express Membership Rewards program. American Express Membership Rewards points may be worth different amounts depending on how you redeem them, so review the options closely.
You can use the American Express rewards calculator to compare redemption options and value between the cards.
You'll typically get the most value from your points when you redeem them to book flights through American Express Travel or transfer points to other membership loyalty programs, including the programs for Delta, JetBlue, Hilton and Marriott. In general, using Membership Rewards points to pay for merchandise or cash back aren't great options.
Which Card Should You Choose?
While The Platinum Card® from American Express and the American Express® Gold Card are both premium rewards cards, they're different enough that one option may stand out as the best choice for your wallet. Just keep in mind that they are similar in requiring good to exceptional credit to get approved.
You can check your credit score for free from Experian. Once you log in to your account, you can also use Experian CreditMatch™ to see if you're matched with either card and compare them to other options.