{"id":69159,"date":"2024-01-16T20:15:28","date_gmt":"2024-01-16T20:15:28","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/01\/16\/does-it-make-sense-to-have-both-the-amex-platinum-and-gold-cards-the-points-guy\/"},"modified":"2024-01-16T20:15:28","modified_gmt":"2024-01-16T20:15:28","slug":"does-it-make-sense-to-have-both-the-amex-platinum-and-gold-cards-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/01\/16\/does-it-make-sense-to-have-both-the-amex-platinum-and-gold-cards-the-points-guy\/","title":{"rendered":"Does it make sense to have both the Amex Platinum and Gold cards? – The Points Guy"},"content":{"rendered":"


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I know what you’re thinking: It doesn’t make much sense to hold two cards that earn the same type of points while paying hefty annual fees to keep them both in your wallet.<\/p>\n

For me (and many others), however, it’s entirely worthwhile.<\/p>\n

It’s true that the price tags on The Platinum Card\u00ae from American Express<\/a><\/span> and American Express\u00ae Gold Card<\/a><\/span> can look hefty \u2014 especially combined \u2014 and that they earn the same type of points. However, these cards’ earning rates and perks couldn’t be more different.<\/p>\n

If you want to accelerate your earnings, maximize the benefits available each year and ensure that you’re protecting as many of your expenses as possible, it makes sense to hold both the Platinum and Gold cards. Here’s why.<\/p>\n

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Two cards, two bonuses<\/h2>\n

During the first year that you have a credit card, the welcome bonus is one of (if not) the most valuable benefits. Plus, it’s possible to earn welcome bonuses on most American Express cards. However, it’s important to read the restrictions carefully, since Amex has started implementing rules for cards in the same family<\/a> that could restrict your eligibility for these offers.<\/p>\n

For example, last fall, Amex added verbiage to the offer terms on the Amex Gold, indicating that you may not be eligible for the welcome bonus if you currently have (or have had) the Amex Platinum. However, the reverse doesn’t hold; as of now, you can still earn a Platinum welcome bonus as a current (or past) Gold card member.<\/p>\n

As a result, you’d want to start with the Amex Gold and then look to add the Amex Platinum at a later date \u2014 so long as you meet the issuer’s other application rules<\/a>, of course.<\/p>\n

Right now, new applicants for the Amex Platinum card<\/a><\/span> can earn 80,000 bonus points after spending $8,000 on purchases in the first six months of card membership. Meanwhile, applicants for the Amex Gold card<\/a><\/span> can earn 60,000 bonus points after spending $6,000 on purchases in the first six months of card membership.<\/p>\n

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