AmEx Gold vs. Platinum: Which Is Better for Your Business?

The Platinum can help frequent flyers travel in style, while the Gold might be a better choice for rewards on daily spending.
Gregory KarpApr 27, 2021
AmEx Gold vs. Platinum: Which Is Better For Your Business?

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When issuers name payment cards after precious metals, platinum is usually better than gold. But card names alone don’t help you make the right choice for your business.

You might choose the if you travel but also want a workhorse rewards card for daily business spending.

But the right choice is  if you want a more traditional luxury travel card for your business, replete with perks to make life on the road more rewarding.

Here’s how to choose between two good precious-metal cards from American Express.

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Both cards come with traditional bonus offers for new cardholders who can meet the required spending thresholds.

 features a higher offer, but the has a lower spending minimum to earn its bonus.

comes with a $200 credit for incidentals on your eligible airline of choice — when you use the card to pay for checked bags or buy in-flight refreshments, for example. Terms apply. This is a big deal if you’ll use it. It helps offset the difference in annual fees between the two cards, because the doesn't come with an airline fee credit.

When you redeem Membership Rewards points to book certain eligible flights through American Express Travel, gives you 35% of those points back as a bonus, up to 500,000 points back per calendar year. This can apply to:

With the , the rate is 25%, up to 250,000 points back per calendar year. Terms apply.

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: Earn 5 Membership Rewards points on flights and prepaid hotels booked through the American Express Travel website; 1.5 points per dollar on individual purchases of $5,000 or more; and 1 point per dollar spent on everything else. Terms apply.

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: Earn 4 Membership Rewards points per dollar spent in two bonus categories from the following six where cardholders spend the most each billing cycle (up to the first $150,000 in combined purchases per year; then 1 point back). Terms apply:

Other spending earns 1 point per dollar spent. Terms apply.

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Many significant perks come only with . A sampling:

Global Entry or TSA Precheck. Receive a credit of $100 or $85, respectively, every four years for the application fee for one of these .

Airport lounge access. You’ll have access to 1,200 airport lounges worldwide via the AmEx Global Lounge Collection.

Hotel upgrades. You get Gold status with the Marriott Bonvoy and Hilton Honors programs, along with perks when booking through Fine Hotels & Resorts.

Boingo Wi-Fi. Complimentary, unlimited wireless Internet access with the Boingo American Express Preferred Plan.

Terms apply.

Membership Rewards points. Membership Rewards points are redeemable for a wide variety of rewards, including travel, merchandise, charitable donations, gift cards and Amazon.com purchases. You can also transfer points to select airline and hotel rewards programs.

Payment options. Both cards started out as , meaning your bill was due in full every month and you couldn't carry a balance from month to month. Both now allow you to carry a balance on certain purchases over $100 by way of American Express's "Pay Over Time" option, so they function more like traditional cards. Some purchases still must be paid in full monthly, though.

If you travel often enough use all the upgrades and perks of , it could be worth the hefty annual fee. Otherwise, the might be a better fit for business owners who want a mix of perks and rewards on their day-to-day spending.

To view rates and fees of the , see . To view rates and fees of , see .

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