Take Advantage Of Travel Transfer Partner Possibilities
Since Membership Rewards points transfer at a 1:1 ratio to most of Amexs hotel and airline travel partners, there are a lot of opportunities to find a sweet spot where you can get outsized value on hotel bookings or airfare by transferring your rewards. Using the Amex Platinum and Amex Gold cards in tandem to earn maximum rewards on your spending can lead to getting maximum returns on your points redemptions.
How To Activate Chase Sapphire Reserve Priority Pass:
Follow those steps, and youll get membership cards for you and any authorized users on your Chase Sapphire Reserve account within 2-3 weeks by mail. Once you have your Chase Sapphire Reserve Priority Pass membership card, youll need to show it and a same-day boarding pass to get into a Priority Pass lounge.
You may also be able to bring guests traveling with you. Theres no limit set by Priority Pass, but individual lounges have the right to make their own rules. Authorized users have their own memberships and arent considered guests. Keep in mind that only two of your guests are free the rest cost $27 each.
Your Chase Sapphire Reserve Priority Pass membership gives you access to a widespread network. There are Priority Pass lounges all over the world, including at the most popular domestic and international airports, like the Chicago OHare International Airport, the Los Angeles International Airport, and the Dubai International Airport. Lounges offer amenities like refreshments, alcohol, TV, magazines, Wi-Fi, and in some cases, telephones, fax and showers.
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Which Card Has Better Perks And Credits
The Amex Platinum Card undeniably has more bells and whistles and offers more substantial value over time. But, you have to pay a much higher annual fee to unlock those benefits. Although I give the Amex Platinum the edge for its Global Lounge Collection, its very much a personal decision. After all, the Amex Gold might offer you better and more relevant benefits.
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The Platinum Card From American Express Statement Credits
- $300 Equinox credit: Get up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. Enrollment required.
- $300 SoulCycle credit: Toward the purchase of up to 15 SoulCycle at-home bikes per calendar year through Equinox+ .
- $240 digital entertainment credit: Up to $20 in statement credits per month for eligible purchases, including subscriptions for Audible, SiriusXM and The New York Times.
- $200 airline fee credit: Up to $200 in statement credits annually for airline incidental fees at a qualifying select airline of your choosing. Fees could include those for checked bags, priority boarding and inflight food.
- $200 hotel credit: Up to $200 in statement credits on prepaid bookings through American Express Travel for Fine Hotels and Resorts and The Hotel Collection hotels.
- $200 Uber Cash: Uber VIP status and up to $15 in Uber Cash most months .
- $100 Saks credit: A $50 statement credit from January through June, and again from July through December, for purchases at Saks Fifth Avenue or saks.com.
- Up to $179 CLEAR credit per year for a CLEAR membership.
- Global Entry or TSA Precheck credit: Up to $100 for Global Entry membership every four years, or $85 for TSA Precheck membership every 4.5 years.
- Walmart+ membership credit: The statement credit covers the monthly cost of a Walmart+ membership, which is $12.95 plus applicable local sales tax.
Is Amex Gold Better Than Platinum
The American Express® Gold Card can be better than The Platinum Card® from American Express if you want to earn bonus points on dining and grocery purchases but fewer Membership Rewards on travel. As an added benefit, the American Express® Gold Card is now available in rose gold.
Consider The Platinum Card® from American Express if youre a frequent flyer that can benefit from these perks:
- 5x Membership Reward travel purchase rewards
- Global Lounge Collection membership , Escape, Delta Sky Club)
- Global Lounge or TSA PreCheck application fee credit
- CLEAR benefits
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Annual Fee: American Express Gold Card
Heres why: Youll pay $300 less in annual fees by going for the American Express® Gold Card.
Neither of these cards is a budget option because of their annual fees, and not everyone wants to pay an annual fee of hundreds of dollars even if they could afford it. But between the two cards, we think the American Express® Gold Card is by far the more affordable choice in terms of upfront cost. Remember, it has an annual fee of $250 compared with the $695 fee of the Platinum Card® from American Express.
The Platinum Card® from American Express might justify that higher annual cost for some by offering more luxury benefits more on that later. But if minimizing the annual fee is a top priority for you, then the American Express® Gold Card is the clear choice.
Earn A Simple Flat Rate On All Of Your Spending
Using the Amex Platinum and the Amex Gold does require a bit more mental energy than a card that earns the same flat rate on every purchase. If you feel like its more hassle than its worth to remember which card to use when, consider a card like the Citi® Double Cash Card, which has no annual fee and earns a net 2% cash back on every purchase you make1% when you make a purchase and another 1% when you pay your bill.
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Who Are These Cards Good For
Clearly, these cards are targeted at people that tend to fly with Delta airlines and are looking for a way to get more value.Currently, both cards are offering a great sign-up bonus that is each worth at least $700.One thing to keep in mind if you are considering a Delta Skymiles card is whether Delta actually has a Hub at your home airport, as this could be a factor in the decision you make.Also, its worth considering if you will use all of the benefits of the card you prefer.If you know you wont make use of most of the benefits, it could end up costing you money and therefore creating a net loss in terms of value.
Earning Maximum Membership Rewards Points As A Frequent Traveler
If you are interested in earning maximum Membership Rewards for your business spending, you might be interested in having both cards. If you are a business owner who can purchase your airline and hotel bookings through American Express Travel and have a lot of other spending in categories eligible for the American Express® Business Gold Cards increased point categories, you could stand to accumulate a ton of American Express Membership Rewards points
In addition to earning a mountain of Membership Rewards points from strategically spreading your spending across the two cards, as a frequent traveler you would enjoy the travel benefits of the Platinum Card. Holders of The Business Platinum card enjoy hotel status, airline lounge access plus the many other travel benefits offered by the card.
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Delta Skymiles Platinum American Express Card Vs Delta Skymiles Reserve American Express Card
When comparing the Delta SkyMiles® Platinum American Express Card vs Delta SkyMiles® Reserve American Express Card, its important to note that the differences between these cards are much more minor than between the Delta SkyMiles® Platinum American Express Card and Delta SkyMiles® Gold American Express Card cards. That said, we believe that, most of the time, the Delta SkyMiles® Platinum American Express Card will still give you the most bang for your buck.
Heres How The American Express Platinum Card Airline Credit Works:
- Amex automatically gives you $200 per year for fees from one specific airline.
- You can choose your preferred airline by logging in to your account on American Express Travel Online and selecting from the dropdown menu. Alternatively, you can call the American Express Platinum card Travel Service at .
- You can select your preferred airline at any time during the first year your account is open. But you cant change your pick whenever you want. You can only make a change from January 1 to January 31 each year. Otherwise, Amex will use the same airline you picked previously.
- Unused airline credits do not roll over from year to year. You get no more than $200 each year.
- The American Express Platinum card airline credit covers fees for: baggage, date changes, bringing pets, picking your seat ahead of time, reservations by phone, in-flight purchases , and extra guest passes for airport lounges.
- The cards airline credit does not apply to: airfare, services provided by third parties , gift cards, fees for transferring points, using a travel agent, duty-free purchases or insurance.
With this cards airline credit, you dont need to worry about $200 in fees that youd normally have to pay out of pocket each year. And aside from designating which airline you want the credit for, you dont have to do anything to redeem.
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When To Go For The Amex Platinum
Choosing The Platinum Card® from American Express can be a better choice in these instances:
- Are a frequent flyer
- Want to earn 5x Membership Rewards on flights and hotels
- Can use the airport lounge benefits
- Prefer travel rewards to dining rewards
- Want to earn a larger welcome bonus
Another reason to consider the Amex Platinum is if you want the most luxurious card that American Express offers to the general public.
Its one of the most expensive cards but it has a valuable welcome bonus and many valuable travel perks.
Cash Back Rewards Cards
American Express’s cash back rewards cards offer some competitive picks, especially if you’re in the market for . The most popular of American Express’s cash back cards come with the highest U.S. supermarket and streaming rewards rates in the game, as well as bonus cash back on transit and U.S. gas stations. You also have a couple of options if you don’t want to pay an annual fee, including a U.S. supermarkets and U.S. gas station rewards card and one that offers unlimited flat-rate rewards.
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Compare Credit Cards: The Difference Between Classic Gold And Platinum Credit Cards
We are not sure if we should thank the Olympic committee for being not so innovative about types and color of medallions or feel sorry for the banks for being highly innovative with types of credit cards and their colors. You can thank Bank of America and American Express for inventing the metallic tiers we know today.
Brand name rather, the name of the financial institution was more important to the consumers of credit cards until the 1960s. In 1970s, Gold cards were introduced with more perks to gain more traction with business travelers and with elite consumers. By the 1980s, most of the banks and financial institutions have started issuing platinum cards with even loftier privileges and benefits. The past few years have seen even more monikers hit the market, such as Diamond, Titanium, Signature, World and over a dozen others that designate different level of customer service, privileges and perks.
Although, many of us possess at least one credit card in Singapore, most of us are least aware with the credit card types and color, and what they hold for them. Often this confusion plays vital role in selecting a wrong credit card, which ultimately proves to be a white elephant for a card holder.
Minimum Deposit: Most of the credit cards are unsecured credit cards, but to make the Platinum card a secured one, banks insist on equivalent to credit limit deposit in the bank account, which in return, hampers the cash flow of a Platinum card holder.
Amex Gold Perks And Credits
The Amex Gold is one of the best-looking cards on the market, especially if you get the Rose Gold metal version. Granted, it has a much shorter list of benefits than the Amex Platinum. But, the Amex Golds perks still add a ton of value to the card.
First off, cardholders can enjoy up to $240 in annual statement credits, including:
- Up to $120 in annual Uber Cash Up to $10 in Uber Cash each month once you add your card to your Uber app. Enrollment required.
- Up to $120 in annual dining credits Up to $10 a month at the following merchants: Grubhub, Seamless, The Cheesecake Factory, Ruths Chris Steak House, Boxed and participating Shake Shack locations. Enrollment required.
If youre capable of maxing out these benefits, this will leave you with an out-of-pocket cost of just $10 a year after considering the cards $250 annual fee . Thats not even counting the value to be had from my four other favorite lesser-known perks of the Amex Gold.
Like the Amex Platinum card, Amex Gold cardholders will also get 12 months of complimentary access to Eats Pass if they enroll by Dec. 31, 2021.
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Annual Fees And Welcome Offers
The Platinum Card® from American Express stands apart from many rewards cardsincluding other premium optionswith its $695 annual fee. Whether it’s worth the high cost may depend on how much value you’ll get from the rewards, statement credits and other cardholder perks.The benefits could far outweigh the costs if:
- You can meet the welcome offer requirement with your usual spending.
- You use the statement credits offered , allowing you to save hundreds of dollars each year.
- You will frequent the airport lounges and take advantage of other premium perks offered.
The Platinum Card® from American Express’ benefits can be particularly lucrative during the first year, with the increased rewards at restaurants and Shop-Small participating merchants, plus a statement credit for a multi-year Global Entry or TSA Precheck membership.The American Express® Gold Card’s $250 annual fee may be much easier to swallow. Although the fee is higher than on many rewards cards, the card has several statement credits that can help you save money. You also get a great rewards rate at restaurants and U.S. supermarkets.You’ll have a lower spending requirement for the American Express® Gold Card’s welcome offer. There are also fewer statement credits to remember and managewhich may be a pro or con depending on how you use cards.
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What To Know If You Are Considering The Amex Platinum
If you’re considering the Amex Platinum, it could be worth it for the first year, and then reevaluate when the second annual fee posts. But aside from the benefits, be sure to evaluate your own spending prior to applying. If you have travel purchases like flights and hotels coming up, you can take advantage of the 5X points for every dollar spent on travel booked through American Express.
The value of the credits we tallied up doesn’t take into account other American Express features such as purchase protection, travel insurance and concierge service, among others. For many, the customer support they receive as a Platinum cardmember makes the annual fee worthwhile.
In addition, take the time to figure out if you’ll be able to use the credits. For example, if you already paying for an Equinox or New York Times subscription, then those are valuable benefits. But for those uninterested or unable to access the benefits, you might want to consider another credit card.
But most importantly, don’t force yourself into a difficult financial situation just to have a credit card. If the annual fee is too expensive, don’t fret there are several other credit cards you can consider without a steep annual fee.
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American Express Gold Card: Best For Everyday Spending
If youre looking to earn rewards on everyday spending, you may want to choose the American Express® Gold Card. With this card, youll earn four Membership Rewards® points per $1 spent on purchases at restaurants.
You can also earn the same rate of four points for each $1 spent on eligible purchases at U.S. supermarkets .
And the American Express® Gold Card offers up some additional dining perks. Youll get credit at participating restaurants and restaurant delivery services as well as an automatic $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S. each month, up to $120 per year, after adding the card to your Uber account.
The American Express® Gold Card could be a great option for someone who tends to spend more throughout the year on dinner and delivery than on exotic trips. Plus, with its lower $250 annual fee, the upfront cost might be more palatable.
Gold Vs Platinum Amex Card: What’s The Difference
Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning.
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Who Should Get The Amex Platinum Card
American Express is one of the most popular card issuers due to the considerable rewards offered by its wide variety of cards. Below, we provide a guide to one of the most popular cards the Amex Platinum card.
American Express is a Nova Credit advertiser. This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by American Express.
A crucial aspect of moving to a new country is starting to establish credit with its financial institutions, especially if you plan to stay there for several years. When noncitizens move to the U.S. for work, they can apply for and earn rewards that they can use for travel, dining and more.
American Express is one of the most popular card issuers due to the considerable rewards offered by its wide variety of cards. But with so many choices, it can be difficult to figure out which credit card best fits your circumstances and lifestyle.
Below, we provide a guide to one of the most popular cards the American Express Platinum card.