Does it make sense to have both Amex Gold and Platinum?

Does it make sense to have the Amex Gold and Platinum? Having both the Amex Gold and Amex Platinum can make sense if you use both cards enough to offset the annual fees. You can use the American Express® Gold Card for its dining credits and 4x purchase rewards on dining and supermarket purchases.


Do Amex Gold and Platinum benefits stack?

Your Amex Gold credits will stack with any credits you might have from the Amex Platinum or from gift cards.

Should I get two Amex cards?

The bottom line. Because each card offers different benefits and earning power, it makes sense to carry more than one card. By using the AmEx Trifecta of cards, you'll earn maximum points on travel, dining, groceries and other purchases.


Can you apply for Amex Platinum and Gold at the same time?

You can apply for two Amex cards in one day—as long as one is a charge card and the other a revolving credit card.

Should I get Amex Gold or Platinum first?

Amex Platinum and Amex Gold both come with a nice initial bonus offer, plus yearly opportunities to earn additional credits and various other valuable perks. Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not.


AMEX Gold vs AMEX Platinum.. Or Both?



Is Amex Platinum difficult to get?

Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have good or excellent credit and make a lot of money, you have a good shot.

What is the hardest Amex card to get?

The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.

Can I have a Platinum and gold card?

Other Perks and Benefits to Owning Both Cards

If you own both cards, use the Amex Platinum to pay for flights and prepaid hotels and the Amex Gold to pay for your supermarket and dining purchases to earn the most points possible on every dollar you spend.


What is the most prestigious American Express card to have?

The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.

Is Amex Platinum still prestigious?

Yes, the American Express Platinum card is considered a prestigious credit card, as it's geared for big spenders who travel often and can take advantage of the card's many benefits. New cardholders get 80,000 points for spending $6,000 in the first 6 months.

Why Amex Gold is better than Platinum?

The Gold card is geared toward people who are big shoppers, eat out a lot, and do a lot of everyday spending. A Gold card costs $250 per year, and a Platinum card costs $695 annually. Platinum cards must be paid off in full every month. Gold card owners can carry over certain balances with interest.


Is Amex Platinum worth it anymore?

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual card credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Is Amex Platinum for millionaires?

The Platinum Card® from American Express is another exclusive credit card that millionaires tend to prefer. Also, this card isn't invitation-only.

What card do billionaires use?

The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.


Is there a better card than Amex Gold?

For those who can take advantage of its rich credits, the American Express® Gold Card, which carries an annual fee of $250, generally comes out ahead (see rates and fees). But if you can't use those side perks, it's usually a good idea to go with the Chase Sapphire Preferred® Card, which has an annual fee of $95.

What income do you need for Amex Gold?

Another major requirement is a steady income. American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.

How much income do you need for a Platinum card?

We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.


What's the limit on Amex Platinum?

Does American Express Platinum have a credit limit? No, the American Express Platinum card doesn't have any preset spending limit. That does not give cardholders unlimited purchasing power, though. It means American Express won't give you a specific credit limit once you're approved for the card.

How many Amex cards is too many?

Currently, you can have up to five American Express consumer credit cards at one time. It is important to note that American Express offers multiple types of cards — business cards and consumer cards — and that the rule only applies to consumer cards where you are the primary cardholder.

Is Amex gold hard to get?

Getting the Amex Gold Card isn't the easiest card to qualify for as you need good or excellent credit. That means having a minimum 670 FICO score and existing cards in good standing. Being an existing American Express cardholder can also make it easier to qualify.


What cards are better than Amex Platinum?

5 luxury credit cards to consider if you're thinking of switching from the Amex Platinum
  • Chase Sapphire Reserve® ...
  • United Club℠ Infinite Card. ...
  • Delta SkyMiles® Reserve American Express Card. ...
  • Hilton Honors American Express Aspire Card. ...
  • Marriott Bonvoy Brilliant® American Express® Card.


Is there a minimum salary for Amex Platinum?

The American Express Platinum Card does not have a minimum income requirement to be eligible. You'll earn the best available signup bonus if you apply using a referral link.

What FICO score is needed for Amex Platinum?

The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better.


What is 150000 Amex platinum worth?

How much are 150k Amex points worth? According to our valuations, Amex Membership Rewards points are worth 2.2 cents apiece. That means 150k Amex points would be worth around $3,300.

Is Amex Gold for rich people?

No,. American Express is not specifically for rich people, even though it does have a high level of status in many people's minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don't need to be rich to have a good credit score.