Amex Platinum is better than FoundersCard across the board. FoundersCard is a membership card designed for entrepreneurs and small business owners. It offers discounts on travel and business services along with networking opportunities. It is neither a credit card nor a charge card, however, which means it cannot be used to make purchases. To earn discounts, members can either enter an e-mailed promo code on a sponsor’s website or present the card at a participating venue.
Fundamental differences aside, Amex Platinum offers better value than FoundersCard. Although Amex Platinum has a $550 annual fee, perks such as $200 annual credits for both Uber rides and airline fees, free airport lounge access, and an initial bonus of 75,000 points can go a long way toward offsetting the cost of the card. Elite status in the Hilton Honors and Marriott Bonvoy loyalty programs helps, too.
FoundersCard provides airfare discounts up to 10% on select airlines, along with special rates on hotels, rental cars, shipping, wireless data plans and more. But it also comes with a $595 annual price tag, plus a $95 initiation fee. So unless you’re a small business owner who travels frequently, you’re not likely to earn enough in discounts for the card to pay for itself. But if there is a case to be made for FoundersCard, it’s that because it’s not a credit card, you won’t need a certain credit score to qualify.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.