Amex Platinum vs. Amex Gold: Which one is right for you?

Feb 10, 2021

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There’s a massive difference between premium and entry-level credit cards. Many of the best travel rewards cards return outsize welcome offers, bonus categories and luxury perks. And, some of the best cards with a sub-$100 annual fee allow you to access the world of travel rewards without a large financial commitment.

But, in the best way possible, the American Express® Gold Card has inserted itself right in the middle. And the Amex Gold Card in sleek Rose Gold metal is now back by popular demand for new cardholders.

So, today I won’t be discussing a binary choice between a premium or an entry-level credit card. Instead, I’ll compare the mid-tier Amex Gold to the premium The Platinum Card® from American Express. This comparison will hopefully help you determine which card is best for you.

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In This Post

Welcome offer

The Amex Platinum and Amex Gold are two of the best American Express cards. Luckily, both cards currently have elevated welcome offers to eligible new cardholders. So, let’s take a closer look at the current offers on both cards.

Amex Platinum welcome offer

American Express Platinum_Montreal
The welcome offer on the Platinum Card will take you further. (Photo by Isabelle Raphael/The Points Guy)

Premium cards reign supreme with the welcome bonuses they offer to entice customers to pay a sizable annual fee ($550 in the case of the Amex Platinum; see rates and fees). The Amex Platinum is no exception, as it currently offers a two-part publicly available bonus. New cardmembers can earn 75,000 Membership Rewards points after spending $5,000 on purchases in the first six months of account opening. Plus, new cardmembers can also enjoy 10x points at U.S. gas stations and U.S. supermarkets (on up to $15,000 in combined eligible purchases) during the first six months of account opening.

Related: Battle of the premium travel rewards cards: Which is the best?

TPG’s valuations peg the value of Membership Rewards points at 2 cents each, making the 75,000-point bonus worth $1,500. However, if you spend $15,000 in combined purchases at U.S. gas stations and U.S. supermarkets in your first six months, you’ll earn 150,000 points on these purchases. These 150,000 points are worth $3,000 based on TPG’s valuations. So, the two-part bonus can be worth up to $4,500 in total.

You might be able to snag an even better bonus on the Amex Platinum using the CardMatch tool. For example, it’s not usual for consumers to find 100,000-point Amex Platinum offers through CardMatch. However, CardMatch offers are subject to change at any time.

Related: 14 things to do when you get the Amex Platinum

Amex Gold welcome offer

Amex Gold with Rose Gold metal
New cardholders can snag an elevated welcome bonus as well as a Rose Gold metal card. (Photo by John Gribben/The Points Guy)

Meanwhile, new applicants for the Amex Gold can receive 60,000 Membership Rewards points (worth $1,200 per TPG’s valuations) after spending $4,000 on purchases in the first six months of account opening.

But, Amex has targeted some readers for an even higher offer through the Amex website and CardMatch tool (note that this offer is subject to change at any time). Given Amex’s once-in-a-lifetime policy for welcome offers, it’s worth checking before you apply to make sure you have the best deal available.

Related: Your Amex Gold checklist: Here are four things to do when you first get the card

Which card has the better welcome offer?

The Amex Platinum is the clear winner here. Whether you snag an elevated offer through CardMatch or you apply for the two-part public bonus, there’s a lot of value to be found.

Related: The 9 best elevated credit card offers to sign up for in February

Earning

The Amex Platinum and Amex Gold both earn American Express Membership Rewards points. But, let’s take a closer look at each card’s bonus categories.

Earning with the Amex Platinum

(Photo by Isabelle Raphael/The Points Guy)
The Amex Platinum offers 5x earning; however, this 5x earning is somewhat limited. (Photo by Isabelle Raphael/The Points Guy)

The public welcome offer on the Amex Platinum offers 10x points for the first six months on select purchases. But, describing the standard bonus categories on the Amex Platinum is a short and simple task — and not necessarily in a good way.

Specifically, there are only two bonus categories to speak of: 5x Membership Rewards points on flights booked directly with airlines or on amextravel.com (on up to $500,000 in purchases per calendar year) and prepaid hotels booked with American Express Travel. You’ll earn 1x points on all other purchases.

The 5x return is a substantial benefit, as it equates to a 10% return based on TPG’s valuations. But the lack of other bonus categories and limitations on what earns 5x means that the Amex Platinum doesn’t stack up well on the earnings front, especially against other premium credit cards.

Related: Who should (and who shouldn’t) get the American Express Platinum?

Earning with the Amex Gold

Amex Gold Card in Rose Gold metal
The Amex Gold Card provides a variety of bonus earning categories. (Photo by John Gribben/The Points Guy)

Meanwhile, bonus categories are where the Amex Gold Card excels:

  • 4x at restaurants worldwide (including takeout and delivery)
  • 4x at U.S. supermarkets (up to $25,000 per calendar year; then 1x)
  • 3x on airfare purchased directly from the airline or through amextravel.com
  • 1x everywhere else

Earning 4x at restaurants, which amounts to an 8% return, makes the Amex Gold one of the best cards for dining. In particular, getting an 8% return on dining tops the Chase Sapphire Reserve, which has historically been a favorite for dining purchases with its 3x earning (6% return). But, the Amex Gold Card isn’t quite on top for dining because the Citi Prestige® Card offers 5x earning on dining (8.5% return). The information for the Citi Prestige® Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

The Amex Gold is also one of the best cards for groceries. But, the $25,000 calendar year cap isn’t ideal, nor is this bonus category’s restriction to supermarkets in the U.S. However, strong earnings on airfare, dining and U.S. supermarkets are still worth getting excited about for most of us.

Related: Why I became even more loyal to the Amex Gold during the coronavirus pandemic

Which card has better earning?

Although the Amex Platinum’s single bonus category earns more points than any of the Amex Gold bonus categories, I’ll take three strong bonus options over one valuable (but highly restrictive) one any day. So, the Amex Gold wins here.

Related: Who should (and who shouldn’t) get the Amex Gold card?

Redeeming

Amex Gold and Amex Platinum
Both cards earn American Express Membership Rewards points. (Photo by John Gribben/The Points Guy)

I’ll keep this section short and sweet, as there aren’t any noteworthy redemption differences between the two cards. Both cards earn the same transferable Membership Rewards points. However, if you have either of these cards or any other Membership Rewards points-earning card, it’s a good idea to familiarize yourself with the best uses of Amex points.

Related: Here are 7 of our favorite ways to use Amex Membership Rewards points

Which card is better when redeeming?

It’s a tie since both cards offer the same redemption options.

Perks and credits

The Amex Platinum and Amex Gold are two of the best rewards credit cards. So, both cards offer valuable perks and credits. But Amex designed the benefits and credits on each card for different types of consumers. So, let’s take a closer look at the perks offered by each card.

Amex Platinum perks and credits

(Photo by Robert Alexander/Getty Images)

To justify its $550 annual fee (see rates and fees), the Amex Platinum comes with a ton of perks. There are too many benefits to list them all, but I’ll go through some of the highlights.

First, the card offers up to $500 in annual statement credits, including:

I don’t put as much weight into the last credit since I would never otherwise shop at Saks. But I take the first two credits at face value, effectively lowering the out-of-pocket cost for the Amex Platinum from $550 to $150.

Enrollment required for select benefits.

Amex Platinum cardholders also get 12 months of complimentary access to Eats Pass*, valued at $10 per month — but only if you enrolled by Dec. 31, 2021. Uber Eats Pass will auto-bill starting 12 months from initial enrollment in this offer, at then-current monthly rate.

And many other Amex Platinum perks also provide significant value. For example, you’ll get airport lounge access with the Amex Platinum. Specifically, you’ll enjoy Priority Pass Select membership, access to Amex’s ever-growing collection of Centurion Lounges and access to Delta Sky Clubs when flying Delta. Enrollment required for select benefits. Plus, you’ll also get access to other lounges, including Airspace and Escape lounges. In short, the Amex Platinum is one of the best cards for airport lounge access.

Amex Platinum cardholders can also enjoy Gold Elite status with Marriott and Hilton, premium concierge services and a host of other lesser-known Amex Platinum benefits. And keep an eye on your mailbox because American Express has mailed out luxury gifts to select cardholders in the past. Although you will have to pay the $550 annual fee (see rates and fees) upfront at the beginning of your account year, all these perks make it easy to see how the Platinum Card can be worth its annual fee.

Related: How to maximize benefits with the Amex Platinum Card

Amex Gold perks and credits

Directly above view of woman sharing a variation of meal in an outdoor restaurant against beautiful sunlight
(Photo by Getty Images)

The Amex Gold is one of the best-looking cards on the market, especially if you get the Rose Gold metal version. Granted, it has a much shorter list of benefits than the Amex Platinum. But, the Amex Gold’s perks still add a ton of value to the card.

First off, cardholders can enjoy up to $240 in annual statement credits, including:

  • Up to $120 in annual Uber Cash — Up to $10 in Uber Cash each month once you add your card to your Uber app.
  • Up to $120 in annual dining credits — Up to $10 a month at the following merchants: Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed and participating Shake Shack locations. Enrollment required for select benefits.

If you’re capable of maxing out these benefits, this will leave you with an out-of-pocket cost of $10 a year after considering the card’s $250 annual fee (see rates and fees). And, here are four of my favorite lesser-known perks of the Amex Gold.

Like the Amex Platinum card, Amex Gold cardholders will also get 12 months of complimentary access to Eats Pass if they enrolled by Dec. 31, 2021.

Related: 7 ways to make the most of the Amex Gold Card benefits

Which card has better perks and credits?

The Amex Platinum Card undeniably has more bells and whistles and offers more substantial value over time. But, you have to pay up to get those benefits. Although I give it the edge for its Global Lounge Collection, it’s very much a personal decision. After all, the Amex Gold might offer you better and more relevant benefits.

Related: Is the Amex Platinum worth the annual fee?

Bottom line

There’s absolutely room for both of these cards in your wallet. In fact, the Amex Gold and Amex Platinum complement each other very well in the Amex Trifecta. If you need more information, check out our Amex Platinum review and Amex Gold review.

But, if you only want to pay up for one annual fee, you can frame the question as follows. Do you want higher bonus earning rates on a wider variety of categories? Or, do you want valuable perks that will add a splash of luxury to your upcoming travels? If the first option sounds like you, then the Amex Gold is the right card for you. But, if the second scenario resonates with you, then you’ll likely want to choose the Amex Platinum.

Have you decided on one (or both) cards? Here are the official application links: The Platinum Card® from American Express (75,000-point plus 10x points at U.S. gas stations and U.S. supermarkets bonus offer) and American Express® Gold Card (60,000-point bonus offer)

Additional reporting by Katie Genter.

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 Uber Eats Pass terms and conditions, click here.

Featured photo by John Gribben/The Points Guy.

The Platinum Card® from American Express

WELCOME OFFER: 75,000 Points Terms Apply.

TPG'S BONUS VALUATION*: $1,500

CARD HIGHLIGHTS: Delta Sky Club and Centurion lounge access, up to $200 annual airline fee credit and up to $200 in Uber savings annually (only for use in the U.S.)  (Enrollment required for select benefits)

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
  • Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.
  • 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 and Additional Centurion Cards only.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
  • 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
  • Enjoy complimentary access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits through American Express Travel with an average total value of $550 with Fine Hotels & Resorts® program at over 1,100 properties. Learn More.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
See Pay Over Time APR
Annual Fee
$550
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.