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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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 up to $200 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™

The Platinum Card® from American Express

The Platinum Card® from American Express

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★★★★★

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

1.5x 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 (annual percentage rate)
Purchase APR (annual percentage rate)

16.49% variable

None (Charge Card)

Annual fee
Annual fee $495 $550
Balance transfers
Balance transfers

APR: 0% intro APR for 15 billing cycles, then 16.49% variable

Fee:  $5 or 3% of the transaction, whichever is greater ​ ​ ​

Not a feature of a charge card

Cash advance
Cash advance

APR: 26.74% to 0% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 26.74% 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 $37 Up to $39
Additional cardholder fee
Additional cardholder fee $195 $175
Interest-free period
Interest-free period 23 days None
Minimum interest
Minimum interest $0.50
Minimum credit score
Minimum credit score 670 670
Card type
Card type Credit Charge
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
Learn more
Learn more

Read review

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 $600 worth of rewards.
  • 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
American Express® Green Card
30,000 points after spending $2,000 in the first 3 months
3x Membership Rewards® points on all eligible travel, 3x points at restaurants and 1x points on all other purchases
$150
Earn 3x Membership Rewards® points on all eligible travel, 3x points at restaurants and 1x points on all other purchases. Rates & fees
Luxury Card Mastercard® Black Card™
N/A
1.5x 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.
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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 4x points at restaurants worldwide. Rates & fees
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.

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Compare American Express credit cards

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