Is Amex Gold better than platinum?

Asked By: Sufen Vonderheidt | Last Updated: 11th February, 2020
Category: personal finance credit cards
4/5 (171 Views . 9 Votes)
Amex Gold is the cheaper option, charging $250 per year versus Amex Platinum's $550 . The American Express Gold Card also is the better choice for people who spend a lot on dining. Platinum also provides more points on travel purchases. Both of these cards require good credit or better for approval.

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In respect to this, is it worth having Amex Gold and Platinum?

The Amex Platinum has a much higher annual fee: $595 compared to $250 for the Amex Gold card. Both cards have a few annual statement credits that can offset their annual fees. If you spend a lot on travel and want luxury benefits like airport lounge access, the Amex Platinum could be worth it.

Similarly, is it worth getting an AMEX gold card? The American Express Gold card offers the highest combined rewards rate you can find on both U.S. supermarket and restaurant purchases – making it ideal for foodies. Plus, it comes with several travel protections and credits that can help offset its high annual fee.

Additionally, what card is better than Amex Platinum?

Chase Sapphire Reserve vs. Amex Platinum

Chase Sapphire Reserve® The Platinum Card® from American Express
Welcome bonus 50,000 points if you spend $4,000 in first 3 months 60,000 points if you spend $5,000 in first 3 months
Annual fee $550 $550
Credit required Excellent Good/excellent

Should I upgrade my Amex Gold to Platinum?

If you want to upgrade Amex Business Gold to Platinum, make sure you're willing to skip the welcome bonus of up to 75,000 points. The main benefit of an upgrade is that you can get Platinum perks like 5x points on Amex Travel, without risking damage to your credit score.

29 Related Question Answers Found

Which is better platinum or gold credit card?

Platinum cards give higher minimum credit limits than gold cards, which can be a bonus if you spend a lot on credit and can responsibly manage your credit card payments. Platinum cards charge higher annual fees than gold cards offered by the same provider.

Do you get lounge access with Amex Gold?

The Gold Card does not offer any complimentary airport lounge access.

How do I get an AMEX black card?

The requirements to get a “black card” aren't publicly available either, but based on other users' reports, you should probably:
  1. Use other Amex cards.
  2. Be an active cardholder for at least a year.
  3. Charge at least $250,000 per year (though some estimates are as high as $450,000)

Can American Express Gold Card Lounge access?

Each year, you'll receive up to $100 in statement credits toward airline incidental such as checked baggage fees, lounge access and onboard food and drink purchases. The credit works the same way as the Platinum family of card credits, where you must select an airline to use the credit.

How many credit cards should I have?

The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you a different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many?

What is the Gold Card?

The Gold Card is Harris County's healthcare financial assistance for low-income Harris County residents. Although patients with Gold Cards receive fewer benefits than those with traditional health insurance plans, the Gold Card is still a lifeline, making medications and clinic visits more affordable.

Does Amex gold card build credit?

Charge cards, which include both the personal and business versions of the Amex Platinum Card, Amex Gold Card and Amex Green Card, don't have a preset credit limit. Note that Amex will still report your statement balances to the credit bureaus, even if they don't affect your credit score.

Is Chase Sapphire reserve a black card?

The Mastercard® Black Card™ helps to offset the annual fee with a $100 annual travel credit, while the Chase Sapphire Reserve® offers a $300 annual travel credit. Both cards offer access to special VIP lounges at airports across the globe.

Is Amex Platinum the best credit card?

The Amex Platinum is one of the best credit cards on the market, but only if you find value in its benefits. If lounge access, hotel elite status and travel credits aren't of use to you, you'll be better off with a less expensive card like the Chase Sapphire Preferred Card or Capital One® Venture® Rewards Credit Card.

What is the best cash back credit card?

Best cash back credit cards
  • Wells Fargo Propel.
  • Citi Double Cash Card.
  • Capital One Savor Cash Rewards Credit Card.
  • Blue Cash Preferred Card from American Express.
  • Chase Freedom Unlimited.
  • Chase Freedom.
  • Bank of America Cash Rewards credit card.
  • Discover it® Cash Back.

Why is American Express better?

Why So Few Retailers Accept American Express
Of course, merchants choose to offer this service because it's better for their customers and better for business. But for every credit card transaction, they pay an interchange fee to the credit card issuer, costing them money.

Are chase or Amex points better?

Overall, Chase points are worth slightly more than AmEx points. This is largely because the value of redemptions through each reward program's travel portal — usually the easiest and most common way to redeem — is much higher for Chase's Ultimate Rewards program than it is for the AmEx Membership Rewards program.

What are premium credit cards?

NerdWallet's Best Premium Credit Cards of February 2020
  • Chase Sapphire Reserve®: Best for Overall premium card.
  • The Platinum Card® from American Express: Best for Luxury travel perks.
  • Citi® / AAdvantage® Executive World Elite Mastercard®: Best for Premium airline card.

What is the best credit card?

Best Credit Cards of 2020
  • Capital One® Quicksilver® Cash Rewards Credit Card: Best for Flat-rate cash back.
  • Discover it® Cash Back: Best for Rotating cash back.
  • Capital One® Venture® Rewards Credit Card: Best for Travel.
  • Discover it® Balance Transfer: Best for Low interest.
  • Wells Fargo Propel American Express® card: Best for Rewards.

Is American Express better than Visa?

On a global scale, for instance, American Express lags behind its competitors in the number of merchants who accept Amex cards, with the typical merchant roughly 40% more likely to accept Visa, Mastercard, and Discover cards than an American Express.

Should I cancel Chase Sapphire Reserve?

canceling. If you hope to cut the Chase Sapphire Reserve from your personal credit-card lineup, there are two options. You can cancel it or you can request a product change to a card with a lower annual fee. In almost every situation, it's better to downgrade than cancel.

Is it hard to get an AMEX gold card?

Getting the American Express® Business Gold Card isn't difficult if you have a credit score of at least 670, consistent income, and positive payment history with at least one other credit card.