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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.

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Megan Horner
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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, $695-a-year option — which offers hundreds of dollars in statement credits annually. Starting January 2021, Amex’s card pays a stellar 5x points on eligible flights and hotel stays on up to $500,000 annually, reverting to 1x points after, 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™

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

★★★★★

3.3 / 5.0

★★★★★

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

N/A

100,000 points after spending $6,000 in your first 6 months, plus 10x points at restaurants worldwide and when you Shop Small in the US on up to $25,000 in combined eligible purchases in the same timeframe
Rewards
Rewards

1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back

10x points at restaurants worldwide and when you Shop Small in the US on up to $25,000 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 eligible purchases
Purchase APR
Purchase APR

14.99% variable

See Pay Over Time APR

Annual fee
Annual fee $495 $695
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% 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 670 670
Card type
Card type Credit Other
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