Overview
This video provides a detailed comparison of the American Express Gold and Platinum credit cards, outlining their fees, benefits, and suitability for different types of users.
Annual Fees and Welcome Bonuses
- The Gold Card costs EUR 12/month (EUR 144 per year) and Platinum costs EUR 60/month (EUR 720 per year).
- Gold Card offers a welcome bonus of EUR 72 or 20,000 Membership Rewards points; Platinum offers EUR 100 or 30,000 points.
Withdrawal and Currency Fees
- Both cards incur a 4% cash withdrawal fee, minimum EUR 5.
- A 2% foreign currency fee applies to both cards for non-euro transactions.
- A recommended supplementary card (linked in the video) avoids these fees.
Membership Rewards and Offers
- Both cards earn 1 point per EUR spent with optional 50% "Rewards Turbo" for EUR 15/year.
- Amex Offers provide bonus points or credits with partner merchants for both cards.
Insurance Coverage
- Gold Card includes travel health (up to 62 days), cancellation/interruption, purchase protection, and motor vehicle coverage.
- Platinum Card includes all Gold insurances (with enhanced terms), plus liability, travel accident, baggage, rental car, and gap year insurance.
- Platinum covers children up to 25 years and grandchildren; Gold up to 18 years.
Platinum Card Exclusive Advantages
- Annual EUR 200 travel credit, EUR 200 Sixt Ride credit, EUR 150 restaurant credit, EUR 120 entertainment credit.
- Free Priority Pass (EUR 399/year value) for unlimited lounge access for cardholder and guest.
- Complimentary hotel status at 7 major chains and special Amex hotel program benefits.
- Free status with car rental companies Avis, Hertz, and Sixt.
- 24/7 Platinum Service Hotline for concierge requests.
- Occasional credits (e.g., EUR 250) for select retailers.
- Metal card construction for premium feel.
Additional Cards
- Gold Card: One free partner card with similar benefits.
- Platinum Card: One additional Platinum card plus four Gold cards, all free; benefits include insurance, lounge access, and status.
- Credits are limited to main cardholder; rewards turbo applies to partner cards if booked.
Gold vs Platinum: Who Should Choose Which?
- Gold Card suits users seeking rewards and good travel insurance at a lower annual fee.
- Platinum Card is ideal for frequent travelers who will use credits, lounge access, premium services, and enhanced insurances to offset the high fee.
Recommendations / Advice
- Use a supplementary credit card for withdrawals and foreign currency to avoid Amex fees.
- Choose Gold for basic rewards and insurance; Platinum if premium travel benefits and credits justify the higher cost.
Questions / Follow-Ups
- Viewers are invited to ask further questions in the video comments for clarification on either card.