Luxury Mastercard vs Platinum Card from American Express | finder.com

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

Is Platinum worth its weight vs. Gold?

The winner: The Platinum Card® from American Express

Up to $4,500

In welcome offer value

  • Biggest welcome offer on the market: Valued up to $4,500
  • 10x points at US gas stations and US supermarkets on up to $15,000 combined in the first 6 months
Apply now
Terms apply, see rates & fees
The Platinum Card® from American Express offers 75,000 points after you spend $5,000 in your first 6 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 (Terms apply, see rates & fees) required of The Platinum Card® from American Express.

Luxury Card Mastercard® Gold Card™

Luxury Card Mastercard® Gold Card™

Terms apply, see rates & fees

The Platinum Card® from American Express

The Platinum Card® from American Express

Terms apply, see rates & fees

Finder rating
Finder 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

75,000 points after spending $5,000 in your first 6 months, plus 10x points at US gas stations and US supermarkets on up to $15,000 in combined purchases in the same timeframe

Rewards
Rewards

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

10x points at US gas stations and US supermarkets on up to $15,000 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

Purchase APR
Purchase APR

14.99% variable

See Pay Over Time APR

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

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

N/A
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 670 670
Card type
Card type Credit Other
Learn more
Learn more

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

Data updated regularly
Name Product Welcome offer Rewards Annual fee Filter values
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.
The Platinum Card® from American Express
75,000 points after spending $5,000 in your first 6 months, plus 10x points at US gas stations and US supermarkets on up to $15,000 in combined purchases in the same timeframe
10x points at US gas stations and US supermarkets on up to $15,000 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
$550
One of the most valuable premium travel cards, featuring two welcome offers worth up to $4,500, multiple travel credits and unrivaled lounge access. Terms apply, see rates & fees
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