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Both the Platinum Card® from American Express and the American Express® Gold Card offer valuable rewards on purchases, large welcome bonuses, and useful benefits.
Both cards also have a few annual statement credits that can offset their annual fees.
Given the similarities, we’ve laid out the differences to help you pick the best card for you.
Late last year, American Express refreshed and relaunched its Gold Card, giving it new benefits and rewards in an effort to make it a stronger competitor in an increasingly crowded credit-card market.
That relaunch followed an early-2017 refresh of the AmEx Platinum Card, which also brought improvements and new benefits to the card.
Both cards have tangible benefits like annual statement credits that make up for the annual fee, but there are some pretty significant differences between them. Read on to learn more about the two cards and to see which is better for you.
Click here to learn more about the American Express Platinum Card from Business Insider’s partner: The Points Guy.
Click here to learn more about the American Express Gold Card from Business Insider’s partner: The Points Guy.
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You can earn rewards quickly with both cards thanks to bonus categories.
The Platinum Card
The AmEx Platinum Card earns a massive 5x points per dollar spent on airfare, as long as you book directly with the airline or through AmEx Travel, and on prepaid hotel stays booked through AmEx Travel. It earns 1x point per dollar on everything else.
Travel website (and Business Insider e-commerce partner) The Points Guy subjectively values AmEx Membership Rewards points at 2¢ each, so that means a whopping 10% of value back on the bonus categories.
While that isn’t the most rewarding card of all-time, 5x points is a fantastic earning rate, and if you book your own travel frequently, the points will add up quickly.
The Gold Card
The AmEx Gold Card offers 4x points per dollar spent at US restaurants, 4x points back at US supermarkets (on up to $25,000 per year — 1x point …read more
Source:: Business Insider