AMEX Platinum Vs. MasterCard Luxury Card

If you’re in the market for a new credit card but don’t know where to start you may want to keep reading. In this post we’re going to give you a side by side comparison of the American Express Platinum card and the MasterCard Luxury Card (formally known as the black card).

American Express Platinum: Cost $450 Annually

You can enjoy a $200 annual airline fee credit that is automatically applied to incidental expenses such as baggage fees or in-flight food and drink. Every four years there is a $100 credit for Global Entry or TSA Pre-Check. The card also gives you access to Delta Sky Club airport lounges, as well as lounges in the Priority Pass network, and the ultra-luxurious Centurion lounges. If this doesn’t get you to sign up alone then just keep reading and maybe you will be convinced.

Cardholders can get benefits such as room upgrades and late checkout, and also have access to American Express’ Platinum Travel Service. Cardholders also get elite status at several major hotel and car rental chains, such as Starwood’s SPG Gold status and Hilton HHonors Gold.

If you’re thinking about the rewards you receive, purchases earn Amex Membership Reward points at a one for one dollar to point rate for most purchases and a five to one point to dollar rate on air travel booked directly. As an introductory offer, American Express is advertising a 40,000-point bonus after spending $3,000 over the first three months, which basically covers your annual fee for the first year. There is also however, that the airline must be selected in advance or else it is completely lost. Also it can’t be directly used for airfare but rather in-flight purchases or bags. If you would like the cash back option then you will only get 0.6% back. 

MasterCard Luxury Card: Cost $495 Annually

The MasterCard allows you to only have access to Priority Pass airline lounge membership. While with the AMEX you get that plus access to Delta Sky Club and Centurion lounges. The Luxury Card gives you a $100 airline credit annually which is only half of AMEX. For travel credit Black Card offers it for all travel related expenses. If you are thinking about taking the cash back well then your percentage more than doubles to 1.5% vs the AMEX card. 

Now here is where Luxury Card is better than AMEX Platinum. Your rewards program has a one and a half to one point for cash back. Also it gives you double the point redemption rate for airfare.

Here is the final test of the cards. Luxury Card gives no introductory offers for signing up. You will not get a point bonus, no APR intro, no fee waivers, or pretty much anything else. So if you’re looking to spend close to $500 a year on a credit card make a wise choice as to which one you will get.

I know which one I would get, we want to hear your opinions in the comment section below. Let us know which one you would get!

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