Skip to content

Personal or business: Which flavor of Amex Platinum and Amex Gold is best for you?

Oct. 21, 2020
13 min read
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here.

Two of the most popular American Express cards each have a business card and personal card variant. The Platinum and Gold family of cards earn lucrative Membership Rewards points in various categories and are currently offering generous welcome bonuses to boot.

First, there is the premium Platinum duo of The Platinum Card® from American Express and The Business Platinum Card® from American Express.

Then there is the mid-tier Gold combination of the American Express® Gold Card and American Express® Business Gold Card

If you're deciding between one (or more) of these four cards, you've come to the right place. Let's take a closer look at how the Platinum and Gold shake out in this head-to-head personal vs. business card comparison.

New to The Points Guy? Want to learn more about credit card points and miles? Sign up for our daily newsletter.

(Photo by Eric Helgas for The Points Guy)

At a glance

Each of these cards caters to a specific audience, as we'll get more into below. They have generous perks and benefits that vary depending on what you're looking for.

Personal:

  • The Platinum Card® from American Express: Best for premium travel and lifestyle benefits
  • American Express® Gold Card: Best for dining at restaurants and U.S. supermarkets

Business:

Sign up for our daily newsletter
  • The Business Platinum Card® from American Express: Best for frequent business travelers
  • American Express® Business Gold Card: Best for flexible earning on business expenses

Comparing the cards

The Platinum Card® from American ExpressThe Business Platinum Card® from American ExpressAmerican Express® Gold CardAmerican Express® Business Gold Card
Welcome offer100,000 Membership Rewards® Points after you spend $6,000 on purchases on the card in your first six months of card membership.Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first three months of card membership.60,000 Membership Rewards points when you spend $4,000 in purchases on the card in the first six month of card membership.Earn 70,000 bonus points after you spend $10,000 on eligible purchases in the first three months of card membership.
Annual fee$695 (see rates and fees)$595 ($695 if application is received on or after 01/13/2022) (see rates and fees)$250 (see rates and fees)$295 (see rates and fees)
Personal or business?PersonalBusinessPersonalBusiness
Points bonuses5x on flights booked directly with airlines or with Amex Travel (capped at $500,000 starting on Jan. 1, 2021)

5x on prepaid hotels booked on Amex Travel

5x on airfare and prepaid hotels booked on Amex Travel

1.5x points on eligible purchases in select business categories and eligible purchases of $5,000 or more; on up to $2 million of these purchases per calendar year.

4x at restaurants

4x at U.S. supermarkets (up to $25,000 per calendar year; then 1x)

3 points per dollar on flights purchased directly with the airline or at Amex Travel

4x in two categories with the most spending each billing cycle (up to $150,000 in combined purchases each calendar year; then 1x)
Annual statement creditsUp to $200 in Uber credits, up to $200 airline fee credit, up to $100 Saks creditEarn up to $1,000 per calendar year in statement credits on select purchases, including up to $400 with Dell Technologies in the U.S., up to $360 with Indeed (up to $90 per quarter), up to $150 with Adobe and up to $120 on purchases made directly from U.S. wireless telephone providers (up to $10 per month). Enrollment required.Up to $120 annual dining creditNone
Redemption bonusNone35% points back on flights (up to 1 million points each calendar yearNone25% points back on flights (up to 250,000 points back per calendar year)

Related: Best Amex cards of 2020

Is a personal card or business card best for you?

One of the first questions to consider is whether a business card or a personal card is right for you -- or a combination of both.

Even if you don’t have a registered LLC, your side gig, work as a contractor, etc. can qualify you to open business credit cards. This helps you distinguish your spending between accounts -- and also can help you reap the benefits of generous business card welcome offers.

Photo by Hero Images / Getty Images

Related: You may be eligible for a business card without realizing it

Additionally, with both the Amex Business Platinum and Amex Business Gold, you'll get a few overlapping business-centric perks such as:

  • Account manager: Most credit cards only allow the primary cardholder to make inquiries or changes to the account, but this service lets you easily designate employees or other individuals who can manage your account with either full or limited access, making it easier to delegate tasks like reviewing statements, adding authorized users, making payments and disputing charges.
  • American Express Business App: This tool allows you to manage expenses from either your desktop or mobile device by entering receipts, tagging transactions and adding notes to your statements. You can also sync this data with QuickBooks.
  • Employee card features: To help you earn rewards from your employees’ spending while mitigating the risk of fraudulent transactions, Amex small-business cards allow you to limit purchases by authorized cardholders and set real-time alerts.

Related: Review of the Amex Business Platinum

Welcome offer

Personal cards

(Photo by The Points Guy)

The Amex Platinum's current welcome offer is 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.

Meanwhile, the Amex Gold has an enhanced offer where you can earn 60,000 Membership Rewards points when you spend $4,000 in purchases on the card in the first six months of card membership.

Check the CardMatch Tool to see if you’re targeted for a 75k-point Gold Card offer. Please note: These offers are subject to change at any time.

Related: Review of the Amex Platinum

Business cards

On the business card side, the Amex Business Platinum earns a whopping 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first three months of card membership. The Amex Business Gold gets a much more modest 70,000 Membership Rewards points after you spend $10,000 on eligible purchases in the first three months of account opening.

(Photo by Eric Helgas/The Points Guy)

Related: Best ways to use Amex Membership Rewards points

Rewards structure

Personal

The Amex Platinum has only one bonus category to speak of: 5x Membership Rewards points on airfare booked directly with an airline and airfare (which will be capped at $500,000 in spending per calendar year starting on Jan. 1, 2021) and prepaid hotels booked with American Express Travel.

(Photo by Zach Griff / The Points Guy)

The 5x return is a strong benefit, as it equates to a 10% return based on TPG’s valuations. However, it's a bit lacking in comparison to the varied earnings of the Amex Gold:

  • 4x at restaurants (including takeout and delivery in the U.S.)
  • 4x at U.S. supermarkets (up to $25,000 per calendar year; then 1x)
  • 3x on airfare purchased directly from the airline with American Express Travel.
  • 1x everywhere else

Business

With the Amex Business Platinum, you'll earn 1 point for every dollar you spend on eligible purchases, and:

  • 5x points on flights and prepaid hotels booked with American Express Travel.
  • 1.5x points on eligible purchases in select business categories and eligible purchases of $5,000 or more; on up to $2 million of these purchases per calendar year.

Related: Reasons why you should have both the personal and business Amex Platinum

(Photo by stevecoleimages/Getty Images)

Meanwhile, the Amex Business Gold is ideal for its maximum flexibility. You'll get 4x points — an 8% return based on TPG’s valuations — on your first $150,000 in combined purchases each calendar year (then 1x) from two of the following six categories where your company spent the most each billing cycle:

  • U.S. purchases at restaurants
  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. gas stations (not including supermarkets or warehouse stores)
  • U.S. shipping
  • U.S. purchases made directly from select technology providers of computer hardware, software and cloud solutions

You earn 1 point per dollar spent on all other purchases, with no limits. Amex will automatically calculate which categories you spend the most in each month to award your 4x points.

Related: Does it make sense to have both the Amex Gold and Amex Platinum?

Credits and travel perks

Breakfast with a view was free thanks to Hilton Gold status (Photo by Summer Hull/The Points Guy)

Overlapping Platinum and Business Platinum benefits

Both the Amex Platinum and Amex Business Platinum have a ton of overlapping benefits.

Each card offers a credit of up to $100 for the fee for either Global Entry or TSA PreCheck every four years.

Another great benefit offered by both cards is the credit of up to $200 for airline fees, which covers baggage fees and other incidental charges. As a holder of either card, you’ll also receive Gold status with Hilton Honors and Marriott Bonvoy, which can help you earn more points for your hotel stays as well as offering benefits during your stays. Enrollment required for select benefits.

Speaking of hotels, you’ll also have access to Amex’s Fine Hotels & Resorts (FHR) program with either card.

Related: What still triggers Amex airline fee reimbursements?

Overlapping Gold and Business Gold benefits

Both the Amex Gold and Amex Business Gold have several overlapping card benefits. Namely, this includes purchase protection, extended warranty, baggage insurance, travel accident insurance and premium Global Assist. All of these are virtually identical across both cards.

(Photo by Isabelle Raphael/The Points Guy)

Neither card charges a foreign transaction fee (see rates and fees for Amex Gold; see rates and fees for Amex Business Gold) and both cards also offer access to The Hotel Collection, which includes hotel credits, room upgrades and more.

Unique Amex Platinum benefits

To justify its $695 annual fee (see rates and fees), the Amex Platinum comes with a ton of unique perks. Some of the ones specific to the personal Platinum include:

(Photo by Olly Curtis/Future via Getty Images via Getty Images)

Unique Amex Business Platinum benefits

The Amex Business Platinum has a few unique perks that make it a worthwhile option when it comes to benefits:

  • A 35% points rebate when you redeem your Membership Rewards points to book any first- or business-class flight or any class of flight with your designated airline when booking with American Express Travel. Rebate is capped at 1 million points back per calendar year.

Unique Amex Gold benefits

(Photo by Yuriy Golub/Shutterstock.)

The Amex Gold has a much shorter list of benefits, but they still add a ton of value to the card. Cardholders can enjoy up to $120 in annual statement credits, including:

  • Up to $120 in annual dining credits — Up to $10 a month at the following merchants: Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.(enrollment is required).

Unique Amex Business Gold benefits

What is unique to the Amex Business Gold (and Business Platinum) is a Pay With Points redemption bonus when booking airfare through Amex Travel. With the Business Gold, you’ll earn a 25% rebate when paying with points through your card (up to 250,000 points back per calendar year).

You can pay with points and get the rebate for first- or business-class airfare on any airline or economy class tickets with a carrier you can select each year. Award flights booked this way are treated as revenue tickets, so you’ll earn both redeemable miles and elite credit on them.

Which card is right for you?

There is a lot to consider in deciding which card(s) are the right fit for you.

If you’re looking for a premium credit card loaded with travel perks and you don’t have a business, then the personal Amex Platinum should be just what you need.

However, if you have large business expenses -- and still want to benefit from rich travel benefits -- the Amex Business Platinum may be a better fit.

Of course, if earning at restaurants and groceries at U.S. supermarkets is more your thing, the Amex Gold is likely your best option with 4x earnings on those categories (up to $25,000 per calendar year; then 1x at U.S. supermarkets).

Finally, plenty of small-business owners who can maximize the 4x bonus categories and the $150,000 annual cap (of combined purchases) will find the Amex Business Gold card invaluable. Just don't expect a ton of perks or a bountiful welcome bonus on that card.

Still undecided? Head on over to each of the card's reviews for an in-depth analysis of each product.

Additional reporting by Ethan Steinberg.

For rates and fees of the Amex Platinum card, please click here.
For rates and fees of the Amex Gold card, please click here.
For rates and fees of the Amex Business Platinum card, click here.
For rates and fees of the Amex Business Gold card, please click here.

Featured photo by Eric Helgas/The Points Guy

Featured image by (Photo by Eric Helgas for The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers