Key takeaways
- The Platinum Card® from American Express and the American Express® Gold Card both earn valuable American Express Membership Rewards, but their benefits are tailored to suit different lifestyles.
- The Gold card is ideal for foodies, offering various dining credits and boosted earnings rates on purchases at restaurants and U.S. supermarkets.
- The Amex Platinum card offers more travel-related perks, including airport lounge access, elite status with several travel brands and an even higher rate of rewards on select travel purchases.
If you’re passionate about travel rewards, then high-end travel credit cards like the American Express® Gold Card and The Platinum Card® from American Express are probably on your radar.
However, as you compare the American Express Gold versus the Platinum, you may find that one of these cards provides better rewards for your lifestyle. The Amex Gold is perfect for foodies, offering points at restaurants worldwide and at U.S. supermarkets. It also offers some notable travel rewards, since cardholders can earn on prepaid hotels and flights booked through AmexTravel.com.
By contrast, the American Express Platinum should appeal to heavy travelers — especially those who fly regularly and can take advantage of 5X points on flights booked directly with airlines or through American Express Travel (up to $500,000 spent each calendar year). You’ll also receive points on prepaid hotels booked through American Express Travel.
While the two options are similar in many ways, the Amex Gold will cost you $370 less each year in annual fees. The Platinum Card, on the other hand, offers a long list of travel perks and generous rewards on qualifying flights and hotel purchases. So, which travel credit card offers better value for your money? Let’s find out.
Main details
| Cards | American Express® Gold Card | The Platinum Card® from American Express |
| Welcome bonus offer |
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| Rewards rate |
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| Intro APR | None; See Pay Over Time APR | None; See Pay Over Time APR |
| Bonus credits | Up to $524 | Up to $1,825 |
| Annual fee | $325 | $695 |
American Express Gold vs. Platinum highlights
Both of these rewards cards let you earn points in the valuable American Express Membership Rewards program, yet their unique earning rates and cardholder perks set them apart. The following benefit comparisons can help you figure out whether the American Express Gold Card or Platinum Card from American Express is better for your wallet.
Welcome bonus winner
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The Platinum Card from American Express edges out its golden cousin with an offer of 80,000 rewards points after spending $8,000 in your first six months. This bonus is worth $800 when redeemed through American Express Travel or an average of $1,600 if you take advantage of a high-value transfer partner, according to Bankrate’s latest points valuations.
The Amex Gold Card, on the other hand, offers 60,000 points for spending $6,000 in the first six months. This card’s bonus is worth $600 when redeemed through the Amex portal or an estimated $1,200 according to the same valuations. That being said, the $6,000 spending requirement for the Amex Gold Card is easier to reach if you don’t spend a lot of money each month.
Rewards rate winner
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While the Platinum Card from American Express lets cardholders earn up to 5X points in specific travel categories, the Amex Gold wins in this department due to its broader bonus categories. Unless you’re a frequent traveler, you’re likely to earn a healthier overall rewards rate for your normal spending with the Amex Gold — which offers bonus points for dining out and groceries in addition to flight purchases.
The year-round rewards rate of 4X points at U.S. supermarkets is particularly generous, and that’s especially true when you realize this rate applies to your first $25,000 spent on qualifying grocery purchases each year (then 1X points). If you’re a foodie who spends a lot on specialty foods, or you have a big family, it’s easy to see how the Amex Gold could provide a bigger payoff. The fact that this rate also applies to restaurants worldwide (up to $50,000 per year, then 1X), including takeout and delivery, is another major plus.
Annual fee winner
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Given that the Amex Gold Card’s annual fee is $370 cheaper, it’s not a huge surprise that it finishes first here. The reality is that not everyone can justify paying an annual fee of $695 for a card. Considering all the perks the Amex Gold Card gives you for an annual fee of $325, this card could make more sense for many consumers.
If the annual fees remain the same, you’ll pay $1,850 more for the American Express Platinum card over the next five years. But when you do a side-by-side comparison of American Express Platinum versus Gold, you see these two cards share many of the same core benefits — with the Platinum including several valuable appealing add-ons. Deciding which card is best for you may depend on whether you’d get sufficient value from the Platinum’s additional features to justify the higher annual fee.
Annual credits winner
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To start, the Amex Gold offers several desirable credits, including:
- Up to $120 in annual Uber Cash. Simply add your Gold Card to your Uber account and automatically get $10 in Uber Cash each month for Uber Eats orders or Uber rides in the U.S.
- Up to $120 in annual dining credits. Upon enrollment, you’ll earn up to a total of $10 in statement credits each month when you pay with your Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com and Five Guys.
- Up to $100 in credit towards eligible charges (may vary by property) with The Hotel Collection for every booking of two nights or more through AmexTravel.com.
- Up to $100 in annual credits for Resy restaurants in the U.S. and other eligible Resy purchases (up to $50 semi-annually; enrollment required).
- Up to $84 in annual credits for U.S. Dunkin’ purchases (as up to $7 monthly statement credits) when you enroll and use your Amex Gold to pay at U.S. Dunkin’ locations.
The Platinum Card, on the other hand, is one of the best cards with annual credits. The card offers:
- Up to $200 in Uber cash for your U.S. rides each year after you add the card to your Uber app ($15 each month plus a bonus of $20 in the month of December, terms apply).
- Up to $200 in airline fee credits, which can be used on baggage fees and more with a qualifying airline of your choosing.
- Up to $200 in credits for prepaid hotel bookings at Fine Hotels + Resorts or The Hotel Collection properties via American Express Travel (stays of 2+ consecutive nights required).
- A $120 statement credit every four years for a Global Entry application fee or a statement credit of up to $85 every four and a half years for TSA PreCheck®.
- Up to $100 in annual credits at Saks Fifth Avenue with required enrollment.
- Up to $199 in statement credits annually to cover the cost of a CLEAR Plus membership.
- Up to $300 in Equinox credits each calendar year to spend across eligible Equinox memberships.
- Up to $240 in digital entertainment credits per year (up to $20 in statement credits per month) when you enroll and use your card to subscribe to select services.
- Up to $155 per year in Walmart+ monthly membership credits ($12.95 per month plus applicable taxes) when you pay with your card.
- Up to $300 in credits you can receive for eligible SoulCycle At-Home bike purchases made using your card (through Amex’s provided link).
With all of these credits in mind, the Amex Platinum can deliver value well beyond the cost of its annual fee and takes the cake in this category of our American Express Gold vs. Platinum comparison.
Travel perks winner
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When debating the benefits of the Amex Platinum versus Gold, the Amex Platinum easily comes out ahead in terms of travel perks. It starts with the fact that cardholders receive Priority Pass Select airport lounge access (worth up to $329). This card also lets you enter Amex Centurion Lounges, as well as Delta Sky Clubs when you fly with Delta.
Other travel benefits provided by the Amex Platinum include Gold Elite status with Marriott Bonvoy, Hilton Honors Gold Status and access to the American Express Fine Hotels + Resorts program. Of course, you’ll also get credits every four or four and a half years to cover either the Global Entry or TSA PreCheck fee. It also includes $200 in airline fee credits for incidentals with a select airline, as previously mentioned.
To top it all off, the Amex Platinum also comes with its own VIP concierge service.
Which card earns more?
Deciding whether the Amex Gold or Platinum is better for your situation largely comes down to regular spending habits. Let’s compare the potential rewards you might earn in a month with the Amex Gold Card versus Platinum.
American Express Gold vs. Platinum spending example
Say you use a credit card and spend the following amount:
- $200 on dining out
- $500 on groceries
- $600 on non-category purchases, such as gas, shopping and your cellphone bill
Here’s how that would play out when using either the Amex Gold or The Platinum Card:
| Amex Gold | The Platinum Card | |
| Dining out | Earns 4X points; 800 points total | Earns 1X points; 200 points total |
| Groceries | Earns 4X points; 2,000 points total | Earns 1X points; 500 points total |
| Non-category purchases | Earns 1X points; 600 points total | Earns 1X points; 600 points total |
In this example, your rewards when using the Amex Gold come to a total of 3,400 points, worth a value of $34 when redeemed through American Express. When using The Platinum Card, the same amount of spending earns only 1,300 points, or $13 in value. Keep in mind that when redeemed with a high-value transfer partner, those values jump up to an average of $68 and $26.
But what happens if we throw a $400 round-trip airline purchase into both scenarios? With the Amex Gold card, you’ll earn 3X points if you book your flight directly with the airline or via American Express Travel. That means you’ll earn 1,200 points, or $12 if you redeem for a 1 cent:1 point rate.
By contrast, the Amex Platinum card earns 5X points when you book directly with the airline or through American Express Travel. So, your ticket purchase will yield 2,000 points, or $20 when redeemed through the Amex travel portal.
Let’s recalculate the math above:
| Amex Gold | The Platinum Card | |
| Dining out | Earns 4X points; 800 points total | Earns 1X points; 200 points total |
| Groceries | Earns 4X points; 2,000 points total | Earns 1X points; 500 points total |
| Non-category purchases | Earns 1X points; 600 points total | Earns 1X points; 600 points total |
| Round-trip airline purchase | Earns 3X points; 1,200 points total | Earns 5X points; 2,000 points total |
Adding the flight to the examples above, the Amex Gold earns a total of $46 you can redeem through the Amex portal (or $92 with the right transfer partner) while the Amex Platinum card earns $33 when redeemed through the Amex travel portal (or $66 with the right high-value transfer partner).
So all in all, the American Express Gold card earns more rewards when used for everyday spending, while the American Express Platinum card packs a bigger punch when you use it for travel purchases.
Keep in mind:
Both of these cards earn valuable Membership Rewards points, and Amex allows you to combine points earned on different cards. As such, you may decide it’s worthwhile to stash both of these rewards credit cards in your wallet rather than choosing between them.
Why should you get the Amex Gold?
The Amex Gold Card may be worth it as it offers an exceptional rewards rate in everyday categories, allowing you to build points quickly even if you’re not a frequent traveler. This card is ideal for foodies and those with big grocery and dining budgets as a result, but there are other reasons to consider signing up.
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The Amex Gold Card comes with useful benefits like dining credits and a free ShopRunner membership that gets you free two-day shipping at participating stores. If you book a hotel through The Hotel Collection, you can also enjoy free room upgrades and up to $100 in hotel experience credits. As a cardholder, you’ll also receive secondary auto rental coverage and baggage protection with coverage provided for up to $500 for checked or carry-on baggage.
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Like the Amex Platinum card, the American Express Gold card earns Membership Rewards points. You can transfer your points to any American Express airline or hotel partner.
Alternatively, you can redeem points to book travel arrangements through American Express Travel. You can also use points for statement credits, gift cards, charitable donations or to shop through American Express partner retailers.
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You’ll need good to excellent credit to qualify, which typically means having a FICO credit score between 670 and 850.
Why should you get the Amex Platinum?
If you travel often and want to be as comfortable as possible, the Platinum Card is the better choice. This travel card’s range of luxury benefits is so extensive that you can expect red-carpet treatment wherever you go. Meanwhile, the rewards rate for flights and hotels is outstanding, too.
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With access to airport lounges, hotel benefits like room upgrades and daily breakfasts, credits for Uber rides, personalized travel assistance, rental car insurance and purchase protections, the Platinum Card’s list of perks seems endless.
Also, keep in mind that this card has more travel insurance and protections overall. When you use your card to pay for a trip, you’ll qualify for trip delay insurance, trip cancellation and interruption insurance, baggage insurance and car rental insurance coverage.
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Since both the Amex Platinum and Amex Gold earn Membership Rewards points, the redemption options are the same. You can use your points for the following rewards:
- Statement credits
- Travel bookings
- Points transfers to American Express airline and hotel partners
- Gift cards
- Shopping with retailers such as Amazon or at the online Amex shopping mall
- Charitable donations
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You’ll need good to excellent credit to qualify, which typically means having a FICO score between 670 and 850. Generally, the higher your credit score, the better your odds of approval and snagging more attractive terms.
The bottom line
Is the Amex Gold or Platinum better for you? That depends. Choosing between the American Express Gold Card and Platinum Card from American Express will likely be determined by which card’s benefits align better with your spending and lifestyle.
If you love a VIP experience and globe trot regularly, then the Amex Platinum is a fantastic option. But if you’re not overly fussed about luxury travel or only travel a few times each year, the Amex Gold offers better daily value and more rewards-earning opportunities.
If you can’t decide between these two American Express credit cards, you can also consider getting both. With both the Amex Platinum and Amex Gold in your wallet, you can have access to the top travel perks on the market along with enough bonus categories to let you rack up as many American Express Membership Rewards points as possible. No matter what you decide, there’s an American Express card (or combination of cards) to suit your needs.
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