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Gold vs platinum credit cards: Which is best?

Compare gold and platinum credit cards to decide which is the better option for you


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Our pick for a gold card: American Express® Gold Card

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Welcome offer after spending $4,000 in first 6 months

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  • Annual dining and flight credits
  • Access hotel collections, Personalized Travel Service and more
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While the most exclusive cards are so elusive that they can only be aspired to and not applied for, a more accessible range of premium credit cards remains within reach for most people: gold and platinum credit cards.

These products are a cut above standard cards, designed to offer greater perks such as higher credit limits, rewards and complimentary insurance. However, gold and platinum cards also typically charge higher fees for these perks.

How do gold and platinum cards stack up?

Compare the top gold and platinum credit cards and see whether their perks are worth paying the annual fee.

American Express® Gold Card Luxury Card Mastercard® Gold Card™ Luxury Card Mastercard® Titanium Card™ The Platinum Card® from American Express
Annual fee $250 $995 $195 $550
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Welcome offer checkmark x x checkmark
Annual fee credit checkmark checkmark x checkmark
Global Entry or TSA PreCheck credit x checkmark x checkmark
Charge card checkmark x x checkmark
Concierge service checkmark checkmark checkmark checkmark
Hotel benefits checkmark x x checkmark

Compare gold vs platinum credit cards

Name Product Welcome offer Rewards Annual fee Filter values
American Express® Gold Card
60,000 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)
Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 with this upper-mid tier travel card. Rates & fees
CardMatch™ from
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Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Applied Bank® Secured Visa® Gold Preferred® Credit Card
No credit check is required for this secured card. Make a deposit of at least $200 to open this card and get a low 9.99% fixed APR on purchases.
Luxury Card Mastercard® Gold Card™
1x points on all purchases with 2% point value when you redeem for airfare or cash back
Earn 2% point value when redeemed for airfare or cash back through the Luxury rewards program.
Delta SkyMiles® Gold American Express Card
35,000 miles after spending $1,000 in the first 3 months
2x miles on Delta purchases, restaurants and at US supermarkets and 1x miles on all other purchases
$0 intro annual fee for the first year ($99 thereafter)
With a welcome offer worth up to $600, up to 2x miles on select purchases, and assorted Delta perks, this is a strong choice for Delta fans. Rates & fees

Compare up to 4 providers

Name Product Welcome offer Rewards Annual fee Filter values
CardMatch™ from
See terms
See terms
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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™
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
Luxury Card Mastercard® Black Card™
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
Luxury Card Mastercard® Gold Card™
1x points on all purchases with 2% point value when you redeem for airfare or cash back
Earn 2% point value when redeemed for airfare or cash back through the Luxury rewards program.
Amalgamated Bank of Chicago Platinum Rewards Mastercard®
$150 after spending $1,200 in the first 90 days
1x points on all purchases and 5x points in quarterly rotating categories on up to $1,500 each quarter you activate, then 1x points
Earn 5x points in rotating categories and $150 after spending $1,200 in the first 90 days

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What is a gold credit card and a platinum credit card?

A gold credit card is usually a rewards card that comes with more perks, higher credit limits and a higher annual fee than a standard silver card. Meanwhile, a platinum credit card is typically a provider’s top-tier rewards credit card, second only to a Diamond or Black card, that comes with benefits that you normally wouldn’t find on a standard or gold card. These cards typically have higher interest rates, and are thus geared toward individuals who are able to pay off their balance in full each month.
platinum vs golden cards

What’s the difference between gold and platinum credit cards?

Gold credit cards are considered one step up from standard options, while platinum credit cards are a step above gold. This means the benefits they offer will vary between gold and platinum status levels, as well as between individual cards. Here are some examples of differences you may find between the offerings of gold and platinum cards:

Complimentary extras Complimentary extras may include travel and purchase insurances, concierge services and other travel perks like airport lounge access. Unlike platinum options, some gold cards may not offer domestic travel insurance or car rental insurance, nor personal concierge services for instance.
Complimentary insurance limits Insurance coverage may vary between gold and platinum versions of the same card, with platinum cardholders enjoying higher cover limits or lower excess costs.
Reward points per $1 Platinum cardholders usually earn more rewards points per $1 spent than gold cardholders. As an example, a standard rewards card may offer 1 point per $1, while the gold version offers 1.5 points per $1 and the platinum offers 2 points per $1.
Reward point caps If a reward credit card limits the amount of points you can earn per statement or year, then a platinum card will have one of the highest caps.
Bonus point offers Introductory bonus point offers may differ between gold and platinum products, with platinum cards typically offering more bonus points when you sign up.
Minimum credit limits 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.
Annual fees Platinum cards charge higher annual fees than gold cards offered by the same provider.
Minimum income requirements Platinum cards also generally require successful card applicants to have higher income levels compared to gold cards.
Credit history While both cards require cardholders to have good credit history and credit ratings, platinum cards tend to have stricter requirements than gold cards.

The most exclusive credit cards in the world


Perks of platinum cards

Airport lounge access, travel insurance and hotel and airline perks are just some of the many benefits of going with a platinum credit card. While exact perks will vary depending on what card you go with, here are some of the benefits you might enjoy:

  • Airport lounge access.Enjoy access to some of the most elite lounges in airports across the globe.
  • Luxury concierge services.Looking to book a table at that trendy restaurant everyone’s been talking about? The concierge services made available with your platinum card can help you do that.
  • Airline and hotel perks.Snag complimentary room upgrades, free airport and hotel Internet, annual credit toward airline expenses and more.
  • VIP travel benefits.Get your Global Entry or TSA PreCheck application fee waived, rental car upgrades, complimentary rideshare benefits and more with a suite of VIP travel perks.
  • Travel insurance.Whether you’re exploring a new city in a rental car or an illness derails your cruise plans, a platinum card provides the insurance you need to travel with peace of mind.
  • Redeem points for airfare and cash.Earn points — often an unlimited amount with no expiration date — to put toward an airline ticket, hotel room, rental car or more.

Perks of gold cards

No matter if you’re looking for travel insurance, airfare benefits or luxury concierge services, you’ll find plenty of elite benefits with a gold card. The specific perks your card comes with will vary depending on the provider you choose, but here are a few you may come to enjoy:

  • VIP travel benefits.From chauffeured transportation and luxury gifts, to a credit toward your Global Entry or TSA PreCheck application fee, you’ll enjoy lots of VIP perks.
  • Luxury concierge services.Get help making travel plans or finding tickets to sold out shows with access to luxury concierge services.
  • Redeem points for airfare and cash.Earn points — often with no blackout or expiration dates — to be redeemed for everything from cash and gifts cards to airline tickets and merchandise.
  • Travel insurance.From trip cancellation and interruption coverage to rental car and travel accident insurance, having a gold card means you can travel easy knowing you’re covered where it matters.
  • Purchase protection.Get extended warranties, return protection and price protection on new items you purchase with your gold card.

Compare concierge credit cards

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Gold or Platinum?

How to compare gold and platinum credit cards

When choosing between a gold and platinum credit card, the decision boils down to your individual circumstances. To help you make your decision, these are some key questions to consider:

  • How often will I use my credit card? Your yearly average spending on the card can be a strong indicator of which card type will suit you better. If you are a low frequency card user, it would not be worthwhile to pay high fees for a platinum card that you won’t use much. On the other hand, if you spend a lot on your credit card, you’d want to watch out for monthly caps on earning rewards points, which could be lower on a gold card.
  • How much can I afford to pay for a credit card? Working out a budget for your credit card expenses can be helpful in determining whether you can better manage the cost of the annual fee for a gold or platinum card.
  • What additional features do I want? Thinking about what you actually want in a card, and which card features you’ll actually use, can also bring clarity. For instance, if you regularly travel abroad, it may be worth paying a high premium for platinum travel perks like international travel insurance and airport lounge access. However, if you only go overseas once every couple of years, these features are unlikely to offset the cost of the annual fee and a gold or classic card may be more suitable.
  • Can I meet the application requirements? This can also be an important determining factor, since it would hurt your credit score if your card application was turned down because you didn’t meet the stated eligibility requirements. Keep in mind that minimum income requirements are usually higher for platinum cards when compared to gold cards, and make sure you check these details during the comparison so you can apply for an appropriate card based on your circumstances.

Requirements to get a gold or platinum credit card

While each provider will have its own set of eligibility requirements in order to get approved for its gold and platinum credit cards, here are a few things they typically require:

  • Good to excellent credit. Because these cards often come with higher credit lines, these providers are looking for individuals who have a good history of repaying their debts on time.
  • Higher income. These cards often come with high annual membership fees and high interest rates that are geared toward high-networth individuals who are able to pay their closing balance in full each month.
  • Age. You must be at least 18 years old. However, since most of these cards require at least good credit and a higher income, then you might want to wait to apply for a gold or platinum card until your older and have a more-established career and credit history.

What else should I consider when looking at gold and platinum credit cards?

Here are some other factors to consider when comparing gold and platinum cards:

  • Purchase rate. This is the interest rate charged on purchase transactions, which is very relevant if you habitually carry a balance on your credit card. This is not a real concern if you always settle your monthly statement in full. That’s because you don’t incur interest fees on your purchases.
  • Introductory interest rates. As part of a sign-up promotion, cards sometimes offer introductory interest rates that are substantially lower than their regular rates. This could be an especially important factor to consider when it comes to balance transfer promotions. Just remember to check how long the promotional rate is available and what it will revert to at the end of the honeymoon period.
  • Interest-free days. Most credit cards offer an interest-free period for purchases, which varies between 25 and 62 days per statement period. While interest-free days can help you avoid additional charges, they are only available if you pay your balance in full by the due date on each statement. Otherwise, interest will apply from the day you make a purchase.
  • Value of reward points. A little research and calculation should reveal how much a credit card’s rewards points are worth. Consider the earn rate of the card, as well as what rewards you can get and the annual fee to get an idea of the potential value. This will help you compare rewards programs across cards.
  • Application criteria. Keep in mind that submitting too many credit card applications in a short amount of time can have a negative impact on your credit rating. So researching a credit card’s eligibility requirements helps ensure that you only apply for one when you have a high chance of application success.

Are all gold and platinum credit cards premium options?

Actually, no. You can find a number of credit cards that bear the name Gold or Platinum that come with no annual fee, no rewards program and some even are targeted for individuals with fair credit score.

Bottom line

Ultimately, no credit card is perfect for everyone, but you might find one that will closely match your personal needs and spending habits. As such, platinum cards aren’t necessarily always better than gold cards, and gold cards don’t always offer more value than platinum ones. Remember to research and compare cards to find the option that best suits your needs

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4 Responses

  1. Default Gravatar
    ValentinaOctober 24, 2018

    Does platinum card have insurance on the balance? What if the cardholder gets some critical situation which makes him unable to repay the balance: long-term sickness or unemployment, or even death?

    • Avatarfinder Customer Care
      JhezNovember 5, 2018Staff

      Hello Valentina,

      Thank you for your comment.

      Regarding the insurance, most platinum cards have a complimentary insurance which includes purchase cover insurance. This is explained on this page.

      Regarding the protection on balances and repayment security, most credit card companies may offer it under a variety of names, Credit card protection insurance, Credit Shield, Payment protection, Credit safeguard. This insurance aims to provide the cardholder with the same thing: security in case unemployment, injury, disability, or death makes paying your monthly credit card bills impossible.

      By paying a monthly fee (which vary between issuers), if you should lose your job or become incapacitated, your credit card payments are put on hold and interest is suspended, often for as much as two years. This can help keep your credit rating intact during a rough patch, enabling you to remain in good standing with creditors.

      I hope I was able to answer your inquiry. Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  2. Default Gravatar
    TwinkDecember 22, 2017

    I was told to use American Express to buy a vehicle, I would like to know which card I choice for this purpose? I details

    • Avatarfinder Customer Care
      RenchDecember 23, 2017Staff

      Hi Twink,

      Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      Whilst we cannot say which card would be the best to use, you can also check this page for helpful info and compare credit cards for purchasing a vehicle.


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