The reason why is because you can earn 2x Amex Membership Rewards points per $1 spent on everyday business purchases, up to $50,000 per calendar year. Remember that Cashback Everyday requires £3,000 of annual spending before it pays out. After annual spending of $24,000, the Amex Green Card gives you $480 towards Aeroplan or British Airways flights, compared to the $960 you would have earned with the Amex Cobalt. With the Amex Blue Cash Everyday card, you’ll earn cash-back at U. S. As anyone familiar with premium travel credit cards. gas stations. Here is the earning structure on this card:This card is great for those who want to earn cash-back with U. 21st November 2022 - 3 min read. Currently, there are 4 Amex card levels in the travel rewards category. 60,000-point welcome bonus after spending $4,000 in the first 6 months of card membership. 4%. American Express, a leading financial institution, offers a wide range of services including credit, debit, and charge cards, complemented by various travel-related services. The good news is, Amex Platinum cardholders have access to up to $300 a year in statement credits when they use their card on the Equinox+ digital fitness app or eligible Equinox club memberships. supermarkets on up to $25,000 per calendar year in purchases, then 1x. The Platinum Card® from American Express: Best for luxury travel benefits. The Amex trifecta is a strategy in which you use a combination of three Amex cards to maximize the amount of American Express Membership Rewards points you earn on your purchases. Best Cash Back Credit Cards of November 2023. gas stations and on. Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. 88: $400 Statement Credit: Scotiabank Gold Amex:. Upgrade to the Platinum Card®. The first is an Uber Cash benefit and the other is a Dining Credit that can be used. Moderate—Cash-back cards exist that earn bonuses in specific categories or as high as 2% to 2. 5 cents to 1 cent per point. I second the BILT card as well. Both cards have annual statement credits that can help offset their annual fees. There's an initiation fee of $10,000, along with an annual fee of $5,000. In exchange for a $95 annual fee, the Chase Sapphire Preferred offers many travel perks, including a $50 annual hotel credit for bookings through Chase Travel and a 10% points bonus on your cardmember anniversary. Statement Credit Hassles. Meanwhile, American Express increased the annual fee on the Platinum Card from $550 to $695 (see rates and fees) in mid-2021. AMEX Gold gives 1% more back for groceries/restaurants. supermarkets (up to $25,000 in. Share your Benefits. And I think it’s the best balance between cash back and travel rewards. 5% “cash-back,” which is actually an early payment discount. Car Rental Loss and Damage Insurance [$175] The Amex Gold card comes with secondary car rental insurance but offers the option to purchase primary Premium Protection for 1 low fee that covers the entire rental period. Examples of cards that let you transfer points to American Express transfer partners include the Amex EveryDay Credit Card, the Amex Platinum Card and the Amex Gold Card. I don’t count that in offsetting the AF as that’s a one time benefit but that also is easily worth $900 + $250 at a poor redemption and $2700 + $250 at a good redemption. Blue Cash Everyday® Card from American Express - best for cash-back beginners. Make a transaction in month 15 to earn another 25,000 points. £2,000 – £0 Cashback Everyday vs £16 BA Amex. It’s tied only by The Business Platinum Card® from American Express (see rates & fees) and topped only by the invite-only Amex Centurion. No minimum spend. Based on Bankrate's latest point valuations, this welcome offer could be worth around $1,200, which gives Amex points a value of around 2. Both cards have annual statement credits that can help offset their annual fees. A Gold card's annual fee is $250 per year; the Platinum card's annual fee is $695. Welcome to the only officially recognized American Express community on Reddit. You just can't change miles into cash back. 4,500 plus applicable taxes. 2. 4%. $250. 19. Preferred Rewards Gold – Up to £150 in Nectar points, plus four airport lounge passes. American Express issues branded credit cards in partnership with airlines, hotels and others. Image Credit: American Express. The Platinum Card® from American Express is most definitely the latter. 2 The annual fee for. Terms Apply. An. Most people get the Amex for the bonus offers and then use them for airmiles. Compare the free BA Amex to the free Amex Platinum Cashback Everyday. Welcome bonus offer. Updated 10:10 PM EDT, Mon November 13, 2023. If you want a single credit card that earns a generous flat rate of cash back or points on all your purchases, consider one of the many 2% cash-back cards available. Image Credit: American Express. American Express® Business Gold Card. That means an offer to earn 8% cash back is equal to earning 8 Membership Rewards points per dollar. supermarkets on up to $25,000 per calendar year in purchases, then 1x. The earning rate of 4 Membership Rewards points per dollar at restaurants and U. 6 cents per point) unless you get the Charles Schwab Platinum (1. 24% based on your credit score and other factors at the time you apply for an account. supermarkets on up to $25,000 in Card purchases a year. 3% Cash Back on U. You can either pay an additional $175 per year for up to three authorized users who get their own Platinum authorized user cards (see rates and fees). (Photo by Chris Dong/The Points Guy) The Amex Platinum card is a travel-focused card, earning 5x points on flights directly with airlines or through Amex Travel, on up to $500,000 per calendar year, and on prepaid hotel reservations made through Amex Travel. American Express® Gold Rewards Card. Amex Gold vs. This welcome bonus is smaller than the Platinum Card’s, but that annual fee is only $250 (See Rates & Fees). Image Credit: American Express. Scroll until you see "$240 Digital Entertainment Credit. American Express® Gold Card - best overall dining card. Earn Everyday Cashback. While the Amex Green Card also includes the same 90-day benefit, you're capped at $1,000 per claim and $50,000 per year. If you spend a lot on. ) and U. Pros of premium credit cards: These cards have. Chase Sapphire Preferred® Card - best for dining and travel. If you spend more than $6,000, you get 1% thereafter, bringing the average below 4. We recommend evaluating your monthly spending habits to see which categories you spend the most on. Introductory Bonus Offer. Before you go and sign up for Equinox, be sure to enroll in the $300 Equinox credit in your American Express account: Image Credit:. Amex Everyday® Credit Card. Earn 60,000 points after spending $4,000 on purchases in the first 3 months. Get platinum first for the 100k offer (normal is 60k. The Amex Platinum card earns 5 Membership Rewards Points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per. Welcome bonus. Current Plat referral offer is 150K + 10X back at restaurants. The Platinum card will make sense for those who can take advantage of the card's perks and credits — and buy a lot of flights to maximize the earning categories. Terms apply. With the Delta SkyMiles Gold, you would earn 64,064 miles—worth approximately $768. Make a transaction in month 15 to earn another 25,000 points. High—Flexible point credit cards often offer more opportunities for. The Amex Platinum has a much higher annual fee: $695 compared to $250 for the Amex Gold card. There is a big difference in annual fees. Maybank has announced a revision to the card benefits of its Maybank Islamic Ikhwan American Express (Amex) Platinum credit card-i, soon allowing cardholders to earn 8% cashback of up to RM100 per month on online spend. The Amex Gold offers up to $120 in dining credit each year, while the Amex Platinum offers up to $100 in fee reimbursement for Global Entry or TSA PreCheck, complimentary airport lounge access, free elite hotel status with Marriott Bonvoy and Hilton Honors, and more. $695. The Amex Platinum consistently has one of the most valuable welcome offers out there. Rates & Fees. Plus, book on AmexTravel. First Year Fee: Rs. Sapphire for travel purchases. 4% if a cardholder spends less than $6,000/year on groceries. 5 points per dollar on flights booked directly with airlines or with American Express Travel (on up to $500,000 per calendar year) and prepaid hotels booked with American Express Travel. gas stations. 77 within a year—at a 1. Annual Fee. My take is that the 1. By Holly D. S. Best American Express Credit Card for Cashback. There are 3 new limited-time Amex Offer is available on targeted accounts: $120 statement credit after spending a minimum of $800 in one or more purchases online at Dell. This is what you would receive each year in cashback with different levels of spending. The American Express® Gold Card has a $250 annual fee. *Applicable to Cardmembers with Cards issued starting September 1, 2022. I’ve been using this setup for a while now. 10. American Express ® Gold Card: Earn 60,000 points when you spend $6,000 on purchases in the first 6 months. This comparison will hopefully help you determine which card is best for you. Further, the AmEx BCP's effective cashback rate could be lower than 4. Upgrade to the Platinum Card®. Welcome bonus offer. You can either pay an additional $175 per year for up to three authorized users who get their own Platinum authorized user cards (see rates and fees). The American Express factor. One of the greatest ways the Amex Gold adds value is through its dining and Uber credits. Information independently collected and not reviewed by Capital One. All in all, the benefits with Gold are good. BocciaChoc • 53 • 3 yr. Since we value Membership Rewards points at about 2. 5 Things to Know About the Charles Schwab AmEx Platinum. If you can’t make use of the Amex Gold credits, the card is probably not for you. In general, Amex is more prestigious than Citi. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Based on my research on this subreddit, is it fair to say that the straight 5% cash back I can get on the Citibank Custom Cash card (no annual fee) is going to be a better deal than the AmEx Gold ($250 annual fee) 4x points on restaurants, even with. These earnings can add up. Cash back is received in the form of Lowe’s Business Rewards points that can be redeemed for statement credits or select gift cards. The Platinum Card® from American Express: Earn 80,000 points after you spend $8,000 on eligible purchases within the first six months of account opening. You won't get an intro bonus if you've had a personal (not business) Amex in the last two years. Platinum Cashback – Up to £125 bonus cashback. With this card, you can earn 4x Membership Rewards points at restaurants and you’ll also earn 4x Membership Rewards points at U. The AmEx BCP advertises 6% cashback for groceries, but, factoring in its $95 annual fee, the AmEx BCP only achieves a maximum effective cashback rate of 4. streaming subscriptions. Here’s a few different. 24%-29. S. 15 grams. S. 5K points per £5K spent from October 12 onwards, so I see it as another win for myself. The APR on this card ranges from 21. Our Favorite Benefits of the Amex Platinum Card. The MR points can be worth more than the cashback you earn if you can hit £3K spending in three months. This comparison will hopefully help you determine which card is best. The current offers are: Delta SkyMiles® Gold American Express Card: Earn 40,000 bonus miles after spending $2,000 in purchases in the first 6 months of card membership. THE POINTS GUY. However, with only a 1x earning rate, you'll earn a measly 2,676 points. 1,000 plus applicable taxes Second Year onwards: Rs. Learn More. Gold sometimes shows a. You can earn. Retailers eligible for cash-back in this category include, but are not limited to:This rule covers all of Amex's cards. Credit card holders tend to prefer cash back rewards over points. Compare Rewards Credit Cards. The Amex Gold card is geared toward people who shop frequently, eat out a lot, and do a lot of everyday spending. The Chase Sapphire Reserve currently offers new applicants 60,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months from account opening. But the companion pass /uber credit, and the lounge access with the Amex. $250. online retail purchases, on up to $6,000 per year, then. Make Purchases Online. American Express® Gold Card. Platinum Cashback Everyday – Up to £100 bonus cashback. 24% to 28. Now the only real benefits are the $120 Uber and $120 Dining Credit (which I value at $0 now since I do not eat at those places). In many cases, this will be $8,000 or $10,000. Building on the Gold Card’s existing rewards and benefits, eligible Cardmembers can now get £5 back, twice every month* , when simply ordering their favourite dishes. We value Amex Membership Reward points at 2. The American Express ® Gold Card automatically wins in this category due to its much lower annual fee of $250 (see rates and fees), compared to the $695 annual. Nectar American Express – £120 in Nectar. gas stations and Amex Travel, and 1X points on other eligible purchases. spooky1054025 • 3 yr. Amex Gold for dining/groceries and CFU for non-category purchases. Welcome Offer. Terms Apply. The Amex Blue Cash Preferred offers 6% cash-back on up to $6,000 in U. Our top pick for the best rewards card, the Amex Gold rewards your food purchases — whether you're eating at home or dining out. However, generally not much higher than mid-tier welcome offers. High—Flexible point credit cards often offer more opportunities for. $695. Each Cash Back Credit Card offers competitive cash. 99% on cash advances. Plus, the Gold Card includes up to $120 in Uber Cash, up to another $120 in dining credits with participating partners, and a number of. 5% discount. Apply Now. For example, you could receive a cashback yield of 0. Platinum cardholders usually earn more rewards points per $1 spent than gold cardholders. Earn 95,000 points after spending $6,000 within the first 6 months. The Platinum Card’s welcome bonus is: Earn 80,000. Delta SkyMiles® Platinum American Express Card: Basics. There is no difference between the Amex Gold card and the Amex Rose Gold except for the color you choose. In addition, selected transactions are eligible for up to 3x TreatsPoints for every RM1 spent. After the first year, you can get the ARCC which also gives you points, if you want to keep collecting those, or empty your points into Nectar and close it - the fee is refunded pro-rata. supermarkets. 25). See related: Amex Gold vs. American Express Gold Card. American Express Gold Credit Card : 1 Membership Rewards Point for every Rs. The American Express Platinum Card comes in different flavors. Intro APR: None. Interest-free period: 56 days on purchases if the balance is paid in full each month (30. With the Amex Gold card, you could receive up to $1,250 per covered person per trip or $500 per person for checked bags if your luggage is lost, damaged, or stolen. While some cards may earn a cash back (or points) bonus on only one or two categories, the Blue Cash Preferred actually offers a bonus on four areas of spending: 6% back on select U. But at that point there's better no AF cards for purely cash back. 6% Cash Back at U. American Express® Gold Card. When you redeem points through American Express’ Membership Rewards gift cards portal, you’ll get anywhere from 0. No minimum spend. gas stations; and 1% cash back on other purchases. 4 points per dollar on supermarket spending, on up to $25,000 in purchases each year. 3 WalletHub Rating Apply Now Rates & Fees credit card. The American Express® Gold Card offers a variety of benefits, including dining credits, Membership Rewards points, Uber Cash and preferred access to premium. Which is better: Amex Gold or Platinum? Amex Gold is cheaper at $250 annual fee per year. Gift cards start at $20. Welcome Gift1 of 4,000 Bonus Membership Rewards® Points. The Amex Blue Cash Preferred card earns bonus cash-back on transit, including tolls, buses, trains, parking, and more. If you only travel a few times a year, the American Express® Gold Card could be a better fit. The Platinum would make more sense if you pair it with like the Gold, but the Platinum alone isn't that valuable (points earning wise) outside of booking direct flights. Think about which rewards match best with your spending habits and can save you the most money. You can use your Membership Rewards points to pay for online purchases with a number of retailers at a rate of 0. Keep in mind that Amex has strict rules when it comes to earning a. Many of these cards are also. supermarkets on up to $25,000 in Card purchases a year. The card will set you back $250. The Cashback Everyday card (free) has a tiered system: in Year 1, 5% cashback on all your spending in the first three months, up to £2,000 of purchases. Capital One Savor Cash Rewards Credit Card. If you want a similar card that doesn’t charge an annual fee, then the Amex Blue Cash Everyday card is the perfect option. Enjoy dining and on-site hotel experience credits. The Platinum would make more sense if you pair it with like the Gold, but the Platinum alone isn't that valuable (points earning wise) outside of booking direct flights. Amex points are worth 1. 99%, based on your creditworthiness and other factors as determined at the time of account opening. supermarkets: American Express® Gold Card - 4x points on up to $25,000 in purchases per calendar year; then 1x. The earning rate of 4 Membership Rewards. American Express® Gold Card review. *Applicable to Cardmembers with Cards issued starting September 1, 2022. S. The American Express® Gold Card is a great card for dining out, ordering takeout and traveling, but it comes with a relatively high $250 annual fee ( see rates and fees ). The Gold’s annual fee is nowhere near that of the Platinum’s, which at $695 (see rates & fees) is the priciest card on offer to most Amex consumers. Ongoing cashback rate: Nectar American Express credit card : Free in year one, then £25 a year: 20,000 Nectar points: Spend £2,000 in the first three months: £100 in Nectar points: 2 Nectar points per £1 (=1%) American Express Platinum Cashback card : £25 a year: 5% cashback: On the first £2,500 spent in the first three months: Up to £125 Sapphire Preferred vs. S. There’s a limit of 2 claims per eligible card account in each 12-month period. 6. With the Blue Cash Everyday Card, new cardmembers can earn a. If you can pay your rent by ACH or paper check, no reason to leave 2650+ points behind each month. The Amex gold for example offers 20k bonus miles sign up when spending 2k in three months. Meanwhile, the Amex Gold Card offers 60,000 Membership Rewards points after you spend $6,000 on eligible purchases within the first six months of card membership. The Amex Gold annual fee is $250, while the Amex Blue Cash Preferred stands at $95. *Up to a maximum of Php2,500 worth of bonus cashback. Representative APR: 31. com, you can pay with your Discover rewards. The same holds true for getting the most out of the Amex Plum card. S. $695: Capital One Venture Rewards Credit Card: Earn 75,000 miles when you spend $4,000 on purchases in the. For starters, the Amex Gold card offers 4 points / $1 spent at spent at restaurants worldwide (plus takeout and delivery in the U. ) and U. That’s equal to a 4. Best two-year value: The Platinum Card® from American Express. You'll get a higher earn with both of those at a smaller amount of AF. In contrast, the BofA is also limited to $2500 per quarter in bonus category spend. 60,000 plus applicable taxesWhile The Platinum Card® from American Express is a lucrative, premium card in and of itself, you can also share its perks with authorized users. Once it’s hooked up, you simply need to charge transactions over $40 via Apple Pay to that card, and then you’ll receive a $5 statement credit. Amex Platinum has an annual fee of £650 per year. Earn 1,000 Bonus Membership Rewards® Points for simply using your Card 4 times on transactions of Rs. The level of cash back you can earn depends on the individual card. Keep in mind that Amex has strict rules when it comes to earning a. Edit: Based on my calculation with my Gold card vs Cashback, you're going to break even at around £15K spent and then the Platinum Cashback Everyday wins after that. APR. In the past, Schwab used to have a 2% cashback card, which they replaced with the 1. Another change is how you have to wait until the 13th month to get the cashback on the Platinum Cashback card, while on the MR points cards. The BofA PR Elite is a great backup VISA to my AMEX Gold when restaurants don’t accept. As a top-tier travel card, the Amex Platinum card usually charges a $695 annual fee (see rates & fees ). Explore your American Express Card Benefits and enjoy shopping rewards, travel benefits and insurance protection just for being a. 7% cash back — 3% plus additional 4% — on transit purchases and at gas stations; 5% cash back — 1% plus additional 4% — on everything else; And business owners can take advantage of this latest referral bonus offer as well, with plenty of opportunities to earn rewards. For example, 20K MR points is worth £160 in Nectar vouchers and sometimes they offer bonuses with the highest being 40K MR points in total. Intro APR: None. 99% on purchases, 21. 99 a month. Annual Fee. Generally, Citi focuses on. Featured Benefits: Enjoy up to 10% cashback* for the first 3 months of Card issuance. If you are a frequent traveler looking to upgrade your experiences, the Amex Platinum could be a great choice to add to your. $0 intro annual fee for the first year, then $95. The CSP costs $35 more if you use all of the credits for both. Annual fee: $250. The AmEx BCP advertises 6% cashback for groceries, but, factoring in its $95 annual fee, the AmEx BCP only achieves a maximum effective cashback rate of 4. Cardholders can also earn an initial bonus of 60,000. Here's what you need to know about the Charles Schwab version. If you haven’t already, you will need to link your frequent flyer account to your Membership Rewards account. 99% on cash advances. Some cards offer rewards in the form of cash back. I currently have a chase card and am enjoying the 1% cash back - I think mine runs out in June as I joined late. 25% Gas), with PH Preferred Rewards. S. Earn 180,000 points after spending $6,000 in eligible purchases within the first 6 months. Blue Cash Preferred® Card from American Express - 6% cash back on up to $6,000 in purchases per calendar year; then 1%. Gold vs. 25% cashback after £10 000 overtakes the 1 point per £1 spend after around £20 000, and if you spend £40 000 or so in the year, the cashback card is better (especially as points usage comes out between 0. The $189 Clear. Best American Express Credit Card for Cashback. Now the only real benefits are the $120 Uber and $120 Dining Credit (which I value at $0 now since I do not eat at those places). You’ll earn a cash back rate of 4X. Offer ends 9 January 2024. For months seven through 12, you'll earn 10,704 Membership Rewards points if you use the Amex Gold (at 4x return). Platinum Cashback Everyday Credit Card. The average initial bonus is 30,719 points/miles or $233 cash back. supermarket purchases (up to $25,000 per calendar year, then 1x). First-year value: $1,262. S. But that fee unlocks. This year, however, I have a bunch of travel plans (later in the year though, pretty much every month from July to December, fingers crossed now though) and I was looking at Amex Platinum. I recently swapped over from my bank's card to the AMEX gold and have to say the main reason. Having access to both point ecosystems is nice for flexibility. The rates and fees of the American Express Business Gold Card include: Annual fee: $295. 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel. Here are other common rates and fees. American Express Gold Card. 4,500 plus applicable taxes. If you opt for the higher fee, make sure you get the most out of the rewards, or it may not be worth it. My question is really whether the amex gold points or avios points earned are more "valuable" than £50-£100 cashback I'm likely to earn in a 12 month period, say. 95 depending on location and coverage selected. Introductory offer: 5% cashback on purchases (up to £100) for the first 3 months. Marriott Bonvoy Brilliant ® American Express ® Card. S. Our Favorite Benefits of the Amex Platinum Card. The American Express® Gold Card (Terms apply. Earning: Over 3% returns on travel or other common bonus categories. S. The Blue Cash Preferred ® Card from American Express is a stellar cash-back credit card for those looking to maximize every purchase they make. For high-spending foodies, the American Express® Gold Card is dining rewards royalty. The first 5 additional cards are free plus $35 per extra card starting with the sixth card. With the Amex Gold, you get 4X points on up to. , or dine out at restaurants worldwide - with no. Earn 1% cashback on local purchases and 2% cashback on overseas purchases. Say you use your American Express Gold Card and spend $200 dining out and another $500 on groceries. However, the Cash Magnet is a main line Amex card, so it would be easy for Amex to change it. Learn more about these cards by reading the reviews linked below: Delta SkyMiles® Blue American. Best American Express Credit Cards in 2023. Julian Kheel. American Express® Platinum Travel Credit Card. Best Cash Back Credit Cards of November 2023. You'll get a higher earn with both of those at a smaller amount of AF.