American Express: Gold vs Platinum
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- Опубліковано 5 чер 2024
- #creditcard #amex
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tags: american express, amex, top amex cards
The platum is a niche card. It caters 5x to flights and hotels . And only 1X on everything else. Thats it. I get more use out of the Gold card on a daily basis. Then when I want to travel just transfer the points over to the platnum. But if Amex would just add more categories to the platnum card i'd be happy paying $1,000 annual fee for it.
You're forgetting the travel perks. That's the main reason for having it. It is the premier travel card. But if you're not living that jet setting life style flying here and there every month or two? Then yeah it's not worth it.
The Walmart+ benefit with the Platinum is great because you can get $0.10 off per gallon at Exon Mobile stations. Unfortunately, Platinum just dropped priority lounges. Centurion lounges are pretty gross too-they are always packed, loud, dirty, and most of their food isn’t friendly for people with common allergies.
I think with the annual fee, it would be fair to calculate the cost of 2-3 lounge visits. There the AMEX Platinum would be wildly more net positive.
That's a good one to call out Ryan!
I think the cards are meant to work together. If they put more piont earning categories on the Platinum, then fewer people may get the Gold. I think it was done strategically. More cards mean more annual fee charges for AMEX.
That's exactly it!
I only fly about three times a year so for me I see more value in the Gold card because of the grocery and dining categories plus the eating bonuses will cover the annual fee. I'd add the Gold card with the AE Blue Cash Everyday card and a 2% card and be covered for most things I do or need.
The perfect use case for the Gold
You nailed it! I think they are complementary cards. I got the Amex plat few months ago, and this card is great for traveling but I was not using it daily because of the 1x , so I referred my husband to apply for the gold to get the 4x on dining and restaurant 😊
I LOVE the Gold card because all the points earned on restaurants and groceries for my large family, Uber/Uber Eats credits, and it also still earns some points on flights.
Same here! Favorite "food" card for sure
I just entered the CC game and after watching yours and several other channels' think that the perfect 2 card combo is the AMEX PLT and the BILT card.With that being said.I overkilled it got the Chase Saphire Reserve as well 😁
Unfortunately bilt only works for renters not homeowners.
Thank you for the breakdown. I would like to hear your research on additional card members, as that is what I always struggle with especially when having 2 accounts: 1 for bus and one for personal. My husband and i travel separately sometimes. Thinking we should each have a platinum and gold /bus and plat gold/ personal. I also think you get a discount for adding gold members to an existing platinum.
First of all
Great intro I subscribed within the first 30 seconds because of the quality of your video and I can tell you take time to make this videos look as good as possible so congratulations keep it up 🎊
Got my Gold card by a friend’s referral a few months ago and received 90K sign up bonus! 🎉
Is this offer still avail?
, not on the American Express website. I just got my gold last month and only 60k welcome bonus. Last week I got approved for the green ( waiting for it in the mail) and it's 40k welcome bonus. I'm a authorized user on my husband's blue American express.
Question to you… what can 90k points get you? Just curious…
For example:
Round trip to Europe in economy 80k.
Or one way business 50k to 70k.
If you're not a frequent flyer and/or won't derive benefits from the platinum's "coupon book," then the gold wins hands down.
The tie was the right outcome. That’s why it’s important to have both and use them as a duo. I pool the points and get a much better return that way. I wanted to add in the Green card, but alas I am in Amex Pop Up jail. Lol. Great video as always! Thank you !
Agreed, it all comes down to personal usage. And thank you for the comment. Unfortunate to hear about the Amex pop up jail :(
@@johnsfinancetips I really appreciate the reply! Thank you for your great videos!
How do you get in a pop up jail with Amex?
Something that is not mentioned in this video is that if you are a military personel and you have any active duty order, you dont have to pay the annual fee!! You just have to sumit a copy of your orders, and that's it
First comment. Love your videos. Keep up the good work
might have been a tie, thanks for your support!!
I have the American Express trifecta: Blue Cash Preferred, Gold, and Platinum. This way I'm covered all around.
Effective annual fee on the Platinum for me is -$300 because I used so many of the credits. Best card for my lifestyle. I travel 12 - 15 per year.
The grocery and dining points is definitely a miss on the platinum. In reality you need both cards because you want the airport lounge access but you also want the grocery dinning points. It's a tough choice for someone wanting just one card.
I chose the Gold card, its not just the difference in fee, but I could justify the credits providing I remember to use them each month and if I do, I can deal with a $10 effective annual fee. I don't travel enough and I don't have an airport near with with a Centurion Lounge.
Being in the military the fee gets waived and I do travel so platinum for me for now. When I retire I ain't paying $695 I'll tell u that much but for now it is much enjoyed benefits and I do use walmart+ to deliver directly to the house so easy
You got my attention John!
Hi!
Great informative video, subscribed.
Do you already have a video or a quick summary on if it makes sense to have a Chase Sapphire Preferred AND an Amex Platinum?
I knew it was going to be a tie the moment I saw an even number of categories XD.
Still, I think it was the correct choice since they appeal to different groups. As someone who only travels maybe once a year, gold is way more attractive.
Best amex duo gold and platinum
Best cap1 duo savor1 rewards
Best chase trio chase freedom unlimited, flex, and sapphire reserve.
haha you nailed it!
You stated that they're charge cards. Others have referenced them as hybrid cards... Do you know which they are? I thought charge cards wouldn't allow you to use them anymore until you paid off the balance. I figured they were hybrids because they have no preset limit, but still require a monthly payment 🤔
Are some bank's points just more valuable than others? Like if you could have 100k amex points vs 100k chase points, would one be better just because of their different transfer partners, etc.? Or is it completely individual?
You can definitely get another Amex bonus I did for the green card in 2013 and once again for the gold card in 2018
got my amex gold approved for 90k points yesterday!!
I currently have the Amex Gold, Discover It (oldest), and just got approved for the Bilt. Any recommendations for my next card? I'm eyeing the Platinum, CSR, or Venture X.
When's the best time to check in o my flight John should I wait til a hr and a half before departure
What if you sing up for one, let’s say platinum for my business and the gold for my personal use. Can I use them both and have them available in my web interface?
With the Uber credit, the FHR credit, Travel credit (AA seat upgrades qualify), entertainment credit, and Saks credit you will come out +195. Totally the winner if you don’t care about more than 1x points on purchases. This does not even consider the lounge access!
Everyone forgets the $100 experience credit when booked 2 nights through the hotel collection on Gold
the black AMEX Centurion is status. The platinum is only for show-offs at lounge entries and so on. Because you show that you spend too much on travel. Even with 200$ bonus or so on credit, everything you can spend that bonus on is too expensive compared to other things. Like you can book the same hotel on the same dates for 200$ less on other sites then Amex travel anyway, so giving just 200$ just isn't enough when Amex travel itself is overpriced.
Agreed, though 1 more caveat the Personal Black card not the Business. Businesses spend a lot of money doesn't mean much imo
true
Amex price matches for hotels. Best to shop around for the lower price, tell Amex the price match cost, then cha-ching MR points 💯
Enjoy watching your videos very much, thanks
Send me some dollars for Christmas matr
Gonna have to respectfully disagree on the statement that credit cards don’t convey status:
If you’re talking cards accessible to us plebeians, I mean the general public 😅; the AMEX Gold, Platinum and (all of its iterations), Ritz Carltons, Sapphire Reserve doesn’t mean anything when I see it in public
But if you whip out the invite-only cards known by all (i.e. Centurion), known be a few (e.g. J.P Morgan Reserve, Dubai Royal First), I’m pretty sure they will still cause you to double take turn whether you’re a credit card warrior who’ve seen it all, or not. 🙃
That's fair. Centurion yes. But JP Morgan Reserve there's a work around if you push hard enough, you can get it by moving over $250K to JP Morgan wealth management. Publicly they say $10M but ime you can push for $250K.
Just get both if you do the credits the annual fee could be reasonable, I have the rose gold and currently doing the $4000 spend to get 90,000 welcome bonus, Once I completed that I will apply for the platinum hopefully when I apply I will get the 150,000 welcome bonus and I already map out what credits I will be doing to offset the $695 annual fee so I’m not to worried about the annual fee for both cards just as long you do the credits you will be fine, I’m debating on a third Amex card to complete the trifecta I’m looking into a Amex blue everyday card or Amex green card? Anybody wants to shed some light between these two cards?
people usually do the blue business plus because the plus cash everyday doesn't earn MR points. I'm done my Gold SUB and am contemplating applying for the Platinum this fall
That's what I'd do for sure, all about the sign up bonuses
If I have gold, can apply for platinum and close gold?
Can i get into the Delta sky club lounges with the amex gold?
What is the condition of the gold card when it`s come from a platinum card additional? The 4x in restaurants and grocery is remais or not?
nope, that's a weird Gold card. The one from an authorized user on Platinum earns the same as Platinum
Can you have both? Hold both cards?
Do you have to pay annual fees for both cards if you get them? Or just the higher price of the platinum?
You pay the AF for both.
you'll pay twice
Don't forget platinum gives you status with Hertz. I skipped the wait and saved $500 on a one week rental
Credit cards do convey status man. I’ve seen it a bunch of ways, a bunch of times.
I think what you meant to say is, us “credit card people” know that Amex is just as obtainable as Chase.
But in the general public you are without a doubt conveying status. Seen it myself.
For sure, but I'd like to challenge that because in the scheme of everything having a particular card should mean next to nothing to most people. It's be great if the general public were aware to that.
I read somewhere on their website (via Phone) that platinum covers the Gold card annual fee. is this true or do you pay two separate fees?
There is no annual fee for authorized user for gold card if you’re a platinum card member but the authorized gold card doesn’t have the same benefits of the regular gold like 4x dining and 4x grocery, only 1x.
That's a different Gold you get when you add an authorized user on the Platinum
If you have a corporate amex card, you can take advantage of $150 annual credit for your platinum, but you must apply for the card after you have your corporate card... look for this information under amex corporate program options
That's good to note!
@johnsfinancetips Thanks for the reply, I like your videos as they are well informative
I was offered the upgrade from Gold to Platinum with a 100k bonus after 6k spent in 6 months. I guess for some customers the one time lifetime signup bonuses limit are waived?
They offered me 100k to upgrade from Business Gold to Business Platinum, and I just applied for a Business Gold with a 90k offer 👍
I have Amex gold right now, Amex is offering me an upgrade which includes 100,000 points if I spend $6,000. Should I upgrade for the 100,000 then downgrade after the 12 month period? Any help is appreciated
This is how you win: One person gets the platinum and your spouse gets the gold. Best of both worlds for the sign in bonus. Afterwards, the platinum card holder should get a gold. That’s how to play the game.
Please elaborate
@@sayzad14 it’s a player 1 and 2 strategy. Look it up. Basically free money.
so for the $120 dining credit. If I use the amex gold to buy a $10 giftcard to grubhub will amex give me that months statement credit towards that??? or can I only get the statement credit with a deliver/pickup purchase
No, I don't think that will work
American Express gets their panties in a wad if there's any sort of questionable purchases using credits or in gathering reward points. Don't risk it it's not worth it.
I can't say for sure to do it, but also unofficially there are data points that point to that counting. Again at your own risk and YMMV
I would like to see a video comparing Savior 1 vs Amex Gold .
Amex is better
Is it possible to get both welcom bonuses to sign up separately?
That is 100% possible and the recommend approach!
can you combine points for any amex whether it's personal , business or brand?
Yes. My personal and biz points were automatically combined
Yes 100%
Thank you so much for goodness videos
It's not a whole lot of status till you pull out that amex black centurion lol.
With the Gold card I don’t have access to lounges at airports?
I have a CSR and still trying to justify if I should get a Platinum since there's currently that 120K sign up bonus 😅
amex platinum states you can get a gold for no additional fee. Does that mean you can stack the uber credits for Gold and Platinum , i.r. $240 and $200 respectively
good question, but that Gold you get from the Platinum is a watered down version and not the same as the regular Gold you apple for out right
Thanks AMEX confirmed that as well
And I want it facilitated for my equifax databreach settlement, now.
For whoever upgraded from gold to platinum did your credit limit increased or stayed the same. ?
mine boosted to 75k
does gold card does not give you access to lounge?
I just got an offer to to upgrade my gold to platinum and there will be giving me 75,000 points. I know you say never to upgrade but is this different?
Unlike in United States, Having Amex Platinum issued by countries from Asia is in fact convey status. You can always pays your bill on time but if you are not rich, you can’t get approved for Amex Platinum in Asia.
That's good to note. Thanks for your feedback
@@johnsfinancetips yeah amex does income verification in many countries in asia i think so you gotta be rich or upper class
Both
This information must only apply to their personal cards…My business gold requires a min payment ,but I pay it off every month.
All credit cards should be paid in full each month, regardless of personal or business. Thanks for the feedback!
With all do respect.
You cannot just get a platinum card (like mentioned in the video: “01.05-01.10”), in Europe.
The platinum and black demands some serious investment in the bank/properties/etc. - or equity.
Good to note, in the US it's a dime a dozen as long as someone wants it (Platinum). Then Centurion for sure requires some spend.
Do they still have the Gold card now? Seems gone from their card list on the website
Yes, i just got pre-Approval letter in mail for Gold and platinum
Amex price matches for hotels. Best to shop around for the lower price, tell Amex the price match cost, then cha-ching MR points 💯
It does convey something though... You even said so yourself. Everytime you pull it out it gets a reaction.
Whether it's warranted or no is kind of irrelevant. Most people don't know much about AMEX except what their grandpa or father told them. The impression from 95% of people is that it's hard to get and only for rich people... That's why you get that reaction. So, even though it may not be warranted... It does convey something when you pull it out and use it in front of people who aren't in the know.
I think Amex changed their policy, now you can upgrade your gold to platinum and get the sign up bonus but if you have a platinum and wanna get the gold, you won’t get the SUB
I’m debating between Platinum and Venture X. If you’re able to make use of the credits on Platinum and get a net positive would you go for the Platinum over Venture x? Currently have a 125k offer also, but it’d be my only Amex card. Idk if it makes sense to be so spread out between companies. Currently have Savor and Freedom Flex, so if i go Venture X it’d pair with the Savor card but it’s only the typical 75k offer. Which card would be better factoring in my current card situation but also the sub bonus comparison?
I would go with the venture x. Love that card and was debating on getting the platinum but at almost $700 it didn’t make sense since I don’t travel to much, only twice internationally a year and maybe 2-3 domestic max a year.
@@andrewbueno3935 I'm leaning towards Venture X. I only ask because I'd be able to make use of all the Platinum credits so the fee doesn't bother me. So disregarding the fee's, would the Venture X still be the better overall card? Pro's for Venture X is the 2x on everything and being able to use Savor also. The Platinum has a great SUB bonus and also allowing you to buy directly from Airlines, where as Venture X you'd have to call for price match. My only hesitation with Platinum is I don't currently have a Gold card so I'd really only get points with Platinum if I'm getting airline tickets or hotel, where as the Venture X I'd still be accumulating because I have Savor and the 2x on Venture X. So considering that I might not rack up many points with Platinum after a bit. Maybe it's just the SUB that's enticing me 😂
@@BrickUltra if you can justify the benefits to out weight the fee I would have the platinum for sure! I just couldn’t justify it with my spending habits or I would have gotten it. I decided to get my friend referral for the gold for 90k so I decided to get that just for the bonus and food and use the venture x for travel expenses. Plus their travel portal isn’t that bad with prices, just got a round trip to Japan in April for $700 on American Airlines.
@@andrewbueno3935 Okay I'll have to think about it. Different pro's and con's with both. Probably leaning towards the Venture X just because of the 2x and that can become my catch everything card, I just don't know if I'll accumulate as many points after the first year with Platinum just because it's only stuck to Airline/hotel purchases and because I don't have Gold. But I travel a bit so maybe it'll add up. So I either fully commit to Capital One or switch and get Platinum and then Gold down the line to stay within one ecosystem. Have to put more thought into it, thanks for the help!
Maybe the best thing to do is get the Platinum and if I like it and keep getting value out of it I'll keep it, otherwise if I stop using it like in 2-3 years I can always close it and move over to Venture
I love your content, but it's kind of funny when you say the American Express card doesn't give you status and then you go on to talk about how much that is you get with the card lol
Hush
I think the info on the intro offer for the Gold is inaccurate. It's also possible to get a 90k points offer, and I believe it's for spending $4k in 6 months instead of 3.
Could you just borrow someone’s card and show them or do they need to run it at the lounge?
No. The lounge checks a vlid government issued ID (driver's license/passport), along with a valid boarding pass, AND the name on the card.
Just got the 90k offer with Gold.
Do you have a black card John? That’s a status symbol lol
Great video John. Any chance you could make a video with the correct order to get cards for each company like CapOne, Amex and Chase.
Great idea! I'll get that in the line up. In general Chase goes first and Amex goes last. Barclay I would say second. Then Capital One and Citi.
lol that was a terrible comment by me. Chase, Barclay, Cap One, Citi, Amex
Haha thanks for that!
I think an AMEX centurion card conveys status
It’s a Both scenario!
Agreed!
gold also gets 3x on flights book directly on airline sites...
In the immortal words of that cute lil mexican girl from the old el paso taco shell commercials. "Why not both?"
It use to be only charge cards but now after covid19 they added to use as credit. I have both & pay them all in every month, but you also have as credit card option. Thanks for sharing…
Yea I noticed that recently, I hope people aren't falling for it and now thinking they can hold a balance. Yikes!
it’s two different products , it just a dumb comparasion.
Thought I was in Pop Up jail due to 2 in 90 rule but im outside that window and still getting the pop up window
Nope. Pop-up jail is a mystery. Amex probably doesn't think you're a profitable customer
Super frustrating to hear but sadly pop up jail is a weird mystery. The general guidance is to spend on current Amex cards
Capital one Venture X beats both of the cards !&
Handsdown Platinum 💳
Blue
This needs to be updated
I have both 🤷♂️
If Amex did not convey any sign of status you wouldn't be making a video about it 🤷♂
Not hating but this feels like a recycled video. Are you running out of ideas?
There's only so many cards and combinations, their bound to sound the same. Had the same thought when I first heard about the Venture/Savor card combo - then everyone had a video on it.
But the different perspectives are handy and interesting.
Am choosing between the green with a 60k SUB or the vanillla plat with a 125k SUB 🤔
125k > 60k. I'd get the Plat
125K SUB all day, eating the AF in year 1 is also ok
You can get a 90k SUB for the gold and a 150k SUB for the platinum.
Gold is 4K in 6 months
What a shitty card 120$ credits but it’s 10$ a month lmao 10$ a month for food credit ain’t shit and you gotta pay it all back at the end of the month. You also only get points if you spend like 6k in the first 3 months this cards terrible for people with debt or that are bad with their finances
If you have a lot of debt and bad finances then most likely you won’t be able to get this credit card.
Gold is better
first!
Let's go!!!
Fake ass Jaspreet. Jeez dude.
3rd
Bronze metal leggo!!