Why Choosing the Amex Platinum Over Amex Gold Could Be Costing You Points

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Last Updated: January 12, 2024

The Hidden Gem of Amex: The Gold Card

In the world of American Express cards, the Platinum Card often steals the spotlight with its luxury travel perks and status symbol. However, for those savvy in maximizing reward points, bypassing the American Express® Gold Card in favor of its Platinum counterpart could be a significant oversight.

The Power of 4X Points with Amex Gold

The American Express® Gold Card is a powerhouse for earning rewards, especially for everyday spending. It offers an impressive 4X points on dining and supermarkets (up to $25,000 per year, then 1X), which is where most people tend to spend regularly. In contrast, the Platinum Card, while excellent for travel benefits, earns you just 1X points on these everyday categories. This difference can add up quickly, making the Gold Card a more practical choice for daily use.

Cost-Effectiveness: The Annual Fee Explained

Yes, the Amex Gold Card comes with a $250 annual fee. But here's the catch: it practically pays for itself. The card offers up to $240 in annual dining and Uber Cash credits ($10 per month for each, enrollment required), significantly offsetting the fee. Essentially, for a net cost of just $10 a year, you're unlocking a superior earning rate on your most common expenses.

The Welcome Bonus Dilemma with Platinum

For current Platinum Cardholders, there's a caveat: you might not be eligible for the welcome bonus on the Amex Gold Card due to Amex's once-per-lifetime rule on welcome bonuses. But don't let this deter you from the Gold Card's potential.

A Smart Workaround: Leverage Your Significant Other

Here's a clever strategy: if you already own the Platinum Card, consider having your significant other apply for the Gold Card. They can collect the lucrative welcome bonus and add you as an authorized user. This way, your household doesn't miss out on the Gold Card's superior earning potential.

Final Point: The Amex Gold Card - A Wise Choice

In conclusion, while the Platinum Card has its place, especially for frequent travelers, the Amex Gold Card is an unsung hero for those looking to maximize their points on everyday spending. With its high earning rate and offsetting credits, it's a financially savvy choice. And remember, if you're already a Platinum Cardholder, use the workaround to ensure you don't miss out on the Gold Card's benefits.

The American Express Gold Card earns 4X Membership Reward points at U.S. Supermarkets, such as Safeway, Publix, Trader Joe's, Whole Foods, and many, many more!

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Note: All information about the American Express Gold Card have been collected independently by The Points Passport and has not been reviewed by the issuer.