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Luxury Card Mastercard® Gold Card™ vs The Platinum Card® from American Express

Is Platinum worth its weight vs. Gold?

Updated

Fact checked
The Platinum Card® from American Express offers 60,000 points after you spend $5,000 in your first 3 months of account opening. The Luxury Card Mastercard® Gold Card™, strangely, offers no welcome offer at all. Plus, you’ll pay $995 for the Luxury Card Mastercard® Gold Card™ compared to the $550 required of The Platinum Card® from American Express.

Luxury Card Mastercard® Gold Card™

Luxury Card Mastercard® Gold Card™

Rates & Fees

The Platinum Card® from American Express

The Platinum Card® from American Express

Rates & Fees

finder.com's rating
finder.com's rating

★★★★★

3.0 / 5.0

★★★★★

4.4 / 5.0
Best for
Best for
  • Premium Luxury Card Travel perks
  • Excellent travel rewards
Welcome offer
Welcome offer

N/A

60,000 points after spending $5,000 in your first 3 months

Rewards
Rewards

1x points on all purchases with 2% point value when you redeem for airfare or cash back

5x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases

Purchase APR
Purchase APR

14.99% variable

Annual fee
Annual fee $995 $550
Balance transfer APR
Balance transfer APR

0% intro APR for 15 billing cycles, then 14.99% variable

Cash advance
Cash advance

APR: 25.24% to 0% 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 $39 Up to $40
Additional cardholder fee
Additional cardholder fee $295 $175
Interest-free period
Interest-free period 23 days 25 days
Minimum interest
Minimum interest $0.50
Minimum credit score
Minimum credit score 740 670
Card type
Card type Credit Other
Learn more
Learn more

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Summary of card features

Luxury Card Mastercard® Gold Card™

Luxury Card Mastercard® Gold Card™

  • 2% redemption value when you redeem points for airfare, cash back or statement credits
  • Intro APR period on balance transfers
  • Travel credits
  • Airport lounge access

The Platinum Card® from American Express

The Platinum Card® from American Express

  • Membership reward points. Earn 5x points on flights and prepaid hotels booked directly through Amex Travel. You can use your points toward gift cards, travel rewards, statement credit and more. If you redeem these points for the highest valued rewards, you'll get 5% back. On all other eligible purchases, you'll earn 1x points.
  • Welcome offer. Get 60,000 membership rewards points after you spend $5,000 on purchases in the first 3 months of card membership. That's up to $1,200 worth of rewards when transferred to travel partners.
  • Airline fee credit. Select a qualifying airline and receive a $200 airline fee credit each year to cover incidental charges, such as checked bags or in-flight purchases.

Compare premium credit cards

Name Product Welcome offer Rewards Annual fee Filter values
American Express® Gold Card
35,000 points after spending $4,000 in the first 3 months
3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points)
$250
Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $350 with this upper-mid tier travel card. Rates & fees
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Get a generous $300 in annual travel credits, 3x points on travel and dining, and a 50% bonus on point redemptions with Chase's premier card.
CardMatch™ from creditcards.com
See terms
See terms
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Luxury Card Mastercard® Titanium Card™
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
Luxury Card Mastercard® Black Card™
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
$495
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
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