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The Platinum Card® from American Express vs. Costco Anywhere Visa® Card by Citi

The winner for welcome offer: The Platinum Card® from American Express

The Platinum Card® from American Express logo

Up to 10%

Cash back

  • Biggest welcome offer on the market: Valued up to $7,000
  • 10x points at restaurants and US Shop Small vendors on up to $25,000 combined in the first 6 months
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Terms apply, see rates & fees
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Megan Horner
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Please note: Citi is an advertising partner of finder.com

Though both of these cards are travel products, they differ heavily in features. The The Platinum Card® from American Express is designed for luxury travel and has a much higher annual fee than the Costco Anywhere Visa® Card by Citi at $695. It more than makes up for this fee with a hugely valuable welcome offer, numerous statement credit opportunities and access to the Amex Centurion Lounge. The Costco Anywhere Visa® Card by Citi caters more to your average consumer, particularly those looking for a good local travel card. It lacks an annual fee and the perks you’ll find on a luxury product, but still offers strong cash back on gas, travel and dining.

The Platinum Card® from American Express

The Platinum Card® from American Express

Terms apply, see rates & fees

Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

Terms apply, see rates & fees
Finder rating
Finder rating

★★★★★

4.4 / 5.0

★★★★★

3.4 / 5.0
Best for
Best for
  • Excellent travel rewards
  • Elevated rewards on gas, travel and restaurants
Welcome offer
Welcome offer

100,000 points after spending $6,000 in your first 6 months, plus 10x points at restaurants worldwide and when you Shop Small in the US on up to $25,000 in combined purchases in the same timeframe

N/A
Rewards
Rewards

10x points at restaurants worldwide and when you Shop Small in the US on up to $25,000 combined in the first 6 months, 5x points on prepaid hotels booked with American Express Travel, 5x points on directly-booked flights on up to $500,000 annually, then 1x points after that and on other purchases

4% at gas stations on up to $7,000 annually (then 1%), 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases
Purchase APR
Purchase APR

See Pay Over Time APR

15.24% variable

Annual fee
Annual fee $695 $0
Balance transfer APR
Balance transfer APR N/A

15.24% variable
Cash advance
Cash advance

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee None None
Late payment fee
Late payment fee Up to $40 Up to $40
Additional cardholder fee
Additional cardholder fee $175 $0
Interest-free period
Interest-free period 25 days 23 days
Minimum interest
Minimum interest $0.50
Minimum credit score
Minimum credit score 670 740
Card type
Card type Other Credit
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