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

Oct 21, 2020

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.

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)

In This Post

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: 

Business: 

Comparing the cards

The Platinum Card® from American Express The Business Platinum Card® from American Express American Express® Gold Card American Express® Business Gold Card
Welcome offer 75,000 points after you spend $5,000 on purchases in the first six months of account opening 75,000 points after you spend $15,000 on qualifying purchases within the first three months of account opening 60,000 Membership Rewards points when you spend $4,000 in purchases on the card in the first six months Earn 35,000 Membership Rewards points after you spend $5,000 within the first 3 months
Annual fee $550 (see rates and fees) $595 (see rates and fees) $250 (see rates and fees) $295 (see rates and fees)
Personal or business? Personal Business Personal Business
Points bonuses 5x 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 on purchases of $5,000 or more (up to 1 million additional points per year)

4x at restaurants worldwide

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 credits Up to $200 in Uber credits, up to $200 airline fee credit, up to $100 Saks credit Up to $200 airline fee credit, up to $400 Dell statement credit (temporary for 2020) Up to $120 annual dining credit None
Limited-time COVID benefits Up to $320 in statement credits on select streaming and wireless telephone services purchased directly from U.S. service providers (up to $20 per month) from May through December 2020. Up to $320 in statement credits on wireless telephone services purchased directly from U.S. service providers and U.S. purchases for shipping (up to $20 per month on each) from May through December 2020

Up to $100 in additional statement credits between July 1 and Dec. 31, 2020

None None
Redemption bonus None 35% points back on flights (up to 500,000 points each calendar year None 25% 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 75,000 points after you spend $5,000 on purchases in the first six months of account opening.

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 on that card.

Check the CardMatch Tool to see if you’re targeted for a 100,000-point Platinum Card or 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 75,000 points after you spend $15,000 on qualifying purchases within the first three months of account opening. The Amex Business Gold gets a much more modest 35,000 Membership Rewards points after you spend $5,000 within the first three months.

(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 through amextravel.com.

(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 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

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 through amextravel.com.
  • 1.5x points on each eligible purchase of $5,000 or more, up to 1 million additional points per calendar year.

This is great for business with large transactions as that 1.5x return can come in handy.

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.

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 protectionextended warranty, baggage insurancetravel 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 $550 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)

Plus, through Dec. 31, 2020, you can earn the following statement credits each month:

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:

  • 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 through amextravel.com. Rebate is capped at 500,000 points back per calendar year.

Through Dec. 31, 2020, you can earn the following statement credits each month:

  • Up to $320 in statement credits on wireless telephone services purchased directly from U.S. service providers and U.S. purchases for shipping (up to $20 per month on each) from May through December 2020
  • Up to $200 in additional statement credits (for a total of $400) for U.S. purchases with Dell: $100 in additional statement credits from May 1 through June 30, 2020, and up to $100 in additional statement credits between July 1 and Dec. 31, 2020.

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, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed and participating Shake Shack locations. Enrollment 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 on dining and groceries is more your thing, the Amex Gold is likely your best option with 4x earnings on those categories.

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

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*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 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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.