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

Both are premium travel cards, but one is far and away the better choice.

Megan Horner
Megan Horner

Updated

Fact checked
The Luxury Card Mastercard® Black Card™ is a $495 travel card offering a $100 annual airline credit and 2% rewards rate on airfare redemptions. But it’s outclassed by The Platinum Card® from American Express— a premium, $550-a-year option — which offers hundreds of dollars in statement credits annually. Amex’s card pays a stellar 5x points on eligible flights and hotel stays, giving you a 10% or higher rewards rate when you transfer points to airline partners.

Luxury Card Mastercard® Black Card™

Luxury Card Mastercard® Black 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

★★★★★

2.9 / 5.0

★★★★★

4.4 / 5.0
Best for
Best for
  • Luxury 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 and 1.5% for 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

None (Charge Card)

Annual fee
Annual fee $495 $550
Balance transfer APR
Balance transfer APR

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

 Not a feature of a charge card

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 $195 $175
Interest-free period
Interest-free period 23 days 25 days
Minimum interest
Minimum interest $0.50
Minimum credit score
Minimum credit score 700 670
Card type
Card type Credit Charge
Learn more
Learn more

Read review

Which card should you choose?

Luxury Card Mastercard® Black Card™

Luxury Card Mastercard® Black Card™

  • Global Entry application fee credit.
  • Luxury gifts.
  • Rewards program.
  • Airline credit.

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
Chase Sapphire Reserve®
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
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
See offer
View details
Luxury Card Mastercard® Black Card™
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
Luxury Card Mastercard® Gold Card™
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
Luxury Card Mastercard® Titanium Card™
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
CardMatch™ from creditcards.com
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
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Compare American Express credit cards

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