Comparison: Premier Rewards Gold Card and The Platinum Card® from American Express
American Express, a Credit Cards House advertiser, offers a number of card options, ranging from credit cards with no annual fees to high-end charge cards with annual fees of more than $400. Two of the cards that are among the high-end cards from American Express are the Premier Rewards Gold Card and the Platinum Card®. Both of these cards are charge cards, not credit cards. With both of these cards, you are required to pay off the balance at the end of each month. The idea is to have the convenience of a credit card and earn rewards, but without the chance of paying interest on carried balances.
If you are interested in using one of these charge cards, here’s what you need to know:
Premier Rewards Gold Card from American Express
Editorial Note: The information related to the Premier Rewards Gold Card from American Express has been collected by Credit Cards House and has not been reviewed or provided by the issuer of this card.
Premier Rewards Gold Card charge card rewards you for being a frequent flyer. With this card, you don’t have to be loyal to any particular airline. You receive 3X points for flights booked directly with any airline. You also receive 2X the points at US restaurants, gas stations and supermarkets. This is a good way to earn extra points on the things you buy every day. You receive 1 point for each dollar spent on all other purchases. With this card, there are no caps on points earnings as there are with some of the no fee credit cards offered by American Express.
The Premier Rewards Gold Card from American Express also comes with other perks, including:
- 25,000 Membership Rewards® Points after spending $2,000 with your card in the first three months
- No foreign transaction fees
- Up to $100 credit each year for baggage fees
- Hotel credit of $75 on qualifying charges and a room upgrade with hotels booked through The Hotel Collection.
- Redeem Membership Rewards® Points for technology, entertainment, gift cards, fashion, and more
- Access to exclusive luxury brand rewards
The Premier Rewards Gold Card from American Express comes with an annual fee of $195, but it’s waived for the first year. As long as you use the card for everything, you should be able to earn enough points to more than offset the cost of the annual feel.
The Platinum Card® from American Express
The Platinum Card® is another card that focuses on travel rewards. The perks for this card outweigh those offered by the Premier Rewards Gold card, though. First of all, you earn one Membership Rewards® Point for each eligible dollar spent. However, when you spend money on eligible flight and hotel purchases with your enrolled card at the American Express Travel website, you earn 5x points for each dollar. Other perks associated with the Platinum Card® from American Express include:
- 60,000 points after using your card to make at least $5,000 in purchases for the first three months
- Complimentary access to more than 1000 airport lounges around the country
- Credit for your application fee for Global Entry or TSA Pre✓TM after receiving the credential
- Complimentary Hilton HHonors™ Gold Status
- Concierge help to enhance your dining experiences
- Credit for up to $200 per calendar year in baggage fees
- Up to $200 for Uber rides annually
- Upgrades on some of your travel experiences
You can also redeem points for various rewards related to entertainment, fashion, and gift cards. This card comes with an annual fee of $550. In order to make this card worth it, you need to use all of the perks on a regular basis, and use your card for most of your spending.
Which Card is Right for You?
Both of these cards feature premier perks for those who enjoy travel. If you want to accumulate points faster and pay a lower annual fee, the Premier Rewards Gold Card is the right choice for you. It’s a good way to earn enough points so that you can enjoy free travel and there are other perks that make this card worth it.
On the other hand, the Platinum Card® is designed for those who want upscale experiences and conveniences. If you frequently travel and want to take advantage of airport lounges, upgrades, and concierge services, this is the card for you. The annual fee might be higher, but the perks make up for it as long as you use them regularly.
Consider the amount of travel you do, and the experience you prefer. Choose the card that is likely to help meet your goals and travel expectations, and make sure you plan your spending and use of perks to ensure that you make up for the annual fee.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by American Express.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.