The American Express Gold Card

The Gold card has an annual charge of $250, and there's no annual charge for adding other cards to a Gold account. One of the greatest benefits to any cardholder is the rewards program for members, which lets customers earn points when they use their credit cards.

This card targets people who are avid eaters, who eat out often, and engage in lots of spending daily. This can earns 4 points for each dollar spent in U.S. supermarkets and restaurants ($25,000) and three points per dollar spent when booking flights through airlines or via American Express's travel website. American Express Travel website, and one point for each dollar spent on other purchases. In February 2021, the first-time cardholders will also be entitled to 60,000 points after you've used your card to purchase $4,000 within the first 6 months of membership.

Other benefits include $120 worth of dining credits per year. Cardholders have to enroll in the program to be eligible. The Gold card also grants $100 credit on airline fees yearly, for checked baggage and in-flight meals are debited on the Gold Card. The Gold card also provides an extra warranty plan, purchase protection, and return protection. Amex preferential seating with airline flights, along with roadside help.

The American Express Platinum Card

Platinum Amex card offers members five points per dollar that are spent on flights made directly through airlines or on Amextravel.com, the American Express travel site, and five points for booked hotels via amextravel.com and one point for each dollar used elsewhere.

This Platinum welcomes bonus introduced in February 2021 grants cardholders 75,000 points once they spend more than $5,000 within the first six months of membership. This is equivalent to $855 in airfare booked on the Amex travel site. If you add three additional cards to the Platinum account, you will be required to pay an additional $175. Every subsequent card will be charged an annual fee of $175.

This card is ideal for those who love traveling. Many advantages come from Platinum cards over Gold, particularly considering the more expensive annual cost. The rewards can be used to purchase gifts, merchandise for entertainment, shopping, or on the Amex travel site.

The Platinum card provides Uber credit for rides throughout the United States. The card also includes an annual incidental $200 airline cost credit to the airline you prefer and gives passengers complimentary checked baggage and the option of eating on-board with certain airlines.

Members also receive an additional $100 hotel credit when they make reservations at qualifying The Hotel Collection properties through the Amex travel website. Other advantages include (but are not limited to) an $85 or $100 statement credit to The Global Entry program or TSAPre program, respectively, free Boingo WiFi at over a million locations, emergency medical insurance for travel, and the best roadside service. With all these benefits, they are truly additions to Platinum cards that are the most valuable. Platinum cards are worth the cost and reduce the price.

Suppose you can afford to live life at a high level and want to be a VIP. In that case, the Platinum card provides a host of additional benefits, including discounts on private jets and limousine rentals and a dedicated concierge service that assists in coordinating travel information. American Express even holds reservations for exclusive dining establishments worldwide for those who require food while you travel.

Special Considerations

There are other expenses to be considered in addition to annual fees. Both are charge cards, meaning the balances must be fully paid by the end of every month. First, late payment is charged a penalty of $28. Further late payments during the next six months will be charged up to a $40 per month charge for a gold-colored card on May 1, 2021. Similar guidelines apply to any payment that the bank of the cardholder rejects. To maintain your account's credit score and an impeccable credit score, it is vital to pay your bills in time each month.

There are no interest fees for the Platinum account since it must be fully paid every month. However, there is greater flexibility when using this Gold credit card. It allows cardholders to carry an account balance on purchases of more than $100 with interest. American Express offers a calculator to calculate your interest fees. The card does not charge a cost for transactions outside the United States, making it more convenient to use even when cardholders are overseas.