American Express® Gold Card vs. The Platinum Card® from American Express

Although the American Express® Gold Card and The Platinum Card® from American Express are both issued by the same company and would appear to be variations of the same card, these cards are actually quite different. One is better for travel and perks and the other is better for everyday purchases, especially food-related purchases. Which card is right for you? Can you justify both cards?

The Platinum Card® from American Express vs. American Express® Gold Card: Side-By-Side Comparison

Amex Platinum Card
Amex Gold Card

Our Rating

4.5
★★★★
4.8
★★★★

Welcome Offer

Earn 80,000 Membership Rewards® Points

Earn 60,000 Membership Rewards® Points

Rewards

1x - 5x points

1x-4x

Annual Fee

$695

$250

Regular APR

See Pay Over Time APR

See Pay Over Time APR

0% APR on Purchases

N/A

N/A

0% APR on Balance Transfers

N/A

N/A

Amex Platinum

Amex Gold

Welcome Offer Winner: Amex Platinum

The Platinum Card® from American Express: Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply. As above, 80,000 points can be worth between $480 and $800, depending on what you do with them. And unlike most card issuers, American Express gives you six months to earn either bonus. Most card issuers only give you three.

The American Express® Gold Card offers this: Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership. Terms Apply. According to American Express, 60,000 points can be worth somewhere between $300 and $600, depending on how you redeem them. The biggest bang for your buck is to use the points for travel. If you transfer your points to an airline partner, they could be worth even more.

This is an easy comparison, and since the The Platinum Card® from American Express gives you a bigger offer, call us crazy, but we’re going to give it the win here.

Rewards Winner: Amex Platinum

The Platinum Card® from American Express offers great rewards for those who love travel. You get 5x points for flights booked directly with American Express, up to $500,000 a year, and 5x points for prepaid hotels booked with American Express Travel. You also get a $200 hotel credit and a $200 airline fee credit. If you spend any time in airports, you will appreciate the access to Centurion Lounges or any lounge in the American Express network. The $189 Clear Credit uses fingerprint scanners or iris detection in certain airports, so you can skip most of the security line.

Speaking of security lines, there’s a list of credits and benefits as long as the TSA line with the The Platinum Card® from American Express. You can also get a $155 Walmart+ credit (which covers the cost of membership), a $240 digital entertainment credit, $200 in Uber Cash (Terms Apply), and a $100 Saks Fifth Avenue credit.

Another important benefit, hidden in the fine print is the 35% point rebate you get when booking an airline with points through American Express Travel. So, if you book a flight for 100,000 points, you get 35,000 points back. Terms Apply.

American Express® Gold Card has excellent rewards on anything related to food. You get 4x points at restaurants, including take out and delivery, and 4x at grocery stores on up to $25,000 in annual purchases. In keeping with the foodie theme, you also get $120 in Uber Cash: when you add your card to your Uber account, you’ll get $10 a month credited to your Amex account (you can use it for rides, too). And there’s a dining credit: when you use your card to pay for GrubHub, The Cheesecake Factory, or several other companies, you can get $10 a month as a statement credit.

Since the The Platinum Card® from American Express has a list of benefits as long as your arm, we’re going to give it the win.

Here are the details for each card.

The Platinum Card® from American Express Rewards

1x points
On all other eligible purchases
1x on other purchases
5x points
Airfare
5x points on flights booked directly with airlines or with American Express Travel, on up to $500,000 on these purchases each calendar year
5x points
Hotels
5x points on prepaid hotels booked on amextravel.com

American Express® Gold Card Rewards

1x points
On all other eligible purchases
1x points on all other eligible purchases
3x points
Airfare
3x points on flights booked directly with airlines or on amextravel.com
4x points
U.S. supermarkets
4x points at U.S. supermarkets on up to $25,000 in purchases per year.
4x points
Dining
4x points at restaurants worldwide, plus takeout and delivery in the U.S.

Interest Rates Winner: It’s a Tie

Since both cards are from the same issuer, both have the exact same interest rates for pay over time. Neither card is offering a 0% APR at this time, and neither charges foreign transaction fees. This is a tie.

Amex Platinum

Amex Gold

Annual Fee

$695

$250

Foreign Transaction Fee

None

None

Regular APR

See Pay Over Time APR

See Pay Over Time APR

Fee Winner: Amex Gold

The biggest difference between these two cards is the annual fee. The Platinum Card® from American Express has an annual fee of $695, whereas American Express® Gold Card has an annual fee of $250. These cards serve different purposes, but based purely on the annual fee (and the value for the money) we give the win to the Amex Gold.

Features and Benefits: Amex Platinum

For features and benefits, we have to give the win to Amex Platinum. It offers airport lounge access, cell phone protection, and concierge services that the Amex Gold doesn’t.

Amex Platinum

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay, Fitbit Pay
BenefitsCell Phone Protection, Extended Warranty Coverage, Purchase Protection, Return Guarantees, 24/7 customer service
Travel PerksAccess to Special Events and Concerts, Auto Rental Collision Damage Waiver, Concierge Services, Emergency Travel Assistance, Airport Lounge Access, Luggage Protection, Trip Delay Reimbursement, Trip Cancellation Insurance, TSA PreCheck & Global Entry credit

Amex Gold

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay
Benefits24/7 customer service
Travel PerksAccess to Special Events and Concerts, Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection

Who the The Platinum Card® from American Express is Best For

The The Platinum Card® from American Express comes with a ton of travel benefits and credits. It also comes with that hefty annual fee, so you’ll have to evaluate your own spending to see if it makes sense for you. If you use all, or most of the credits, it’s worth it. If you often travel through airports and value a good airport lounge, it’s worth it. Keep in mind that guests are no longer free, so if you have someone you travel with frequently, you will need to pay for lounge access for them.

This card is like someone handed you a thick coupon booklet. If you use the coupons, you’ll come out ahead. If they sit there in the drawer, it’s not worth it. American Express estimates that all the credits are worth about $1,500. That, plus the welcome bonus makes this card a good value if you travel frequently and prefer to do it in style.

Who the American Express® Gold Card is Best For

People who love to eat (and who doesn’t?) will enjoy the many food benefits of the American Express® Gold Card. The cap on grocery store rewards is a generous $25,000 a year, or a little over $2,000 a month. Most people don’t come close to that, so potentially all of your grocery purchases can earn 4x points, not to mention dining and takeout. You do get some travel benefits, but this card excels at food-related rewards.

Does it Make Sense to Get Both Cards?

Perhaps. As we said, these cards have different benefits and focus on different things. Many people enjoy both traveling and eating and if you spend a lot of money on both, getting both cards could be worth it.

Approval Odds

The Platinum Card® from American Express

App StatusDateCredit ScoreBureauCredit Limit
Approved04/28/2023
812
Equifax
---
Approved04/28/2023
820
TransUnion
---
Approved04/28/2023
825
Experian
---
Approved08/16/2023
698
Equifax
$25,000
Approved08/16/2023
709
Experian
$25,000
Approved08/16/2023
728
TransUnion
$25,000
Approved01/04/2023
696
Not Provided
---
Approved01/23/2023
675
Not Provided
$6,000

American Express® Gold Card

App StatusDateCredit ScoreBureauCredit Limit
Approved06/13/2023
699
TransUnion
$1,750
Approved02/03/2024
688
Equifax
---
Approved02/03/2024
690
Experian
---
Approved02/03/2024
731
TransUnion
---
Approved02/27/2023
700
Experian
---

Both cards are issued by American Express, so they share the same underwriting standards. Keep in mind that American Express is traditionally thought of as a charge card, so many people do not report credit limits. Possibly because you have to pay your balance at the end of the month, American Express is willing to consider lower credit scores than many credit card issuers.

Bottom Line

Both of these cards are excellent choices. If you travel frequently and like to do it in style, the The Platinum Card® from American Express is an excellent premium travel card. If you enjoy eating and eating out, the American Express® Gold Card will be a great addition to your wallet.