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

Is Platinum worth its weight vs. Gold?

Megan Horner

Updated Jan 10, 2020

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™ Rates & Fees	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	Read review

Summary of card features

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

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

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Name	Welcome offer	Rewards	Annual fee
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	Apply now View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
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.	See offer View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
Luxury Card Mastercard® Gold Card™	N/A	1x points on all purchases with 2% point value when you redeem for airfare or cash back	$995	Earn 2% point value when redeemed for airfare or cash back through the Luxury rewards program.	Apply now View details	Compare	loading Fetching your data...
Delta SkyMiles® Reserve American Express Card	40,000 miles and 10,000 MQMs after spending $3,000 in the first 3 months	3x miles on direct Delta purchases and 1x miles on all other purchases	$550	Delta's luxury offering shines with access to Delta Sky Clubs, Centurion Lounges, an annual companion certificate and more valuable travel perks. Rates & fees	Apply now View details	Compare	loading Fetching your data...

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Megan Horner

Megan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker, CreditCards.com, American Banker and featured on news broadcasts across the country.

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