Which is better, FoundersCard or Amex Platinum?

Question

The most prestigious American Express card is the Centurion® Card from American Express. You need an invitation to get it, unfortunately. You can also request a Centurion® Card from American Express invitation online. While Amex doesn’t disclose the requirements, online reports say you have to spend at least $100,000 a year on an Amex card to merit consideration. The Centurion® Card from American Express also has a $10,000 initiation fee and a $5000 annual fee. Cardholders get access to Centurion Lounges, hotel benefits, a … read full answer personal concierge, and more. They also earn 1 point per $1 spent on all purchases.

The Platinum Card® from American Express is also among the most prestigious American Express cards. It offers new cardholders 100,000 points for spending $6,000 in the first 6 months. And it makes for a great travel companion that earns 5 points per $1 on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 on all other purchases. Among its many perks, it also offers concierge service and access to a host of worldwide airport lounges. And it charges a $695 annual fee, which makes it significantly more affordable than the Centurion® Card from American Express.

Keep in mind that the best American Express cards aren’t necessarily the most prestigious ones. Amex has a range of offerings with rewards for various spending habits. If exclusivity isn’t a top priority, it’s best to pick a card that best fits your needs.

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Answer 1 · 2022-03-04 16:36:34

Archie Conway, WalletHub Financial Advisor

@ArchieConway • 03/04/22 This answer was first published on 06/11/20 and it was last updated on 03/04/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The American Express Platinum card card 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.

FoundersCard vs. American Express Platinum card: Main Differences

Fundamental differences aside, the American Express Platinum card offers better value than FoundersCard. Although American Express Platinum card has a $695 annual fee, perks such as up to $200 annual credits for both Uber rides and airline fees, free airport lounge access, and an initial bonus offer of 100,000 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 (enrollment required).

FoundersCard provides airfare discounts up to 25% 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.

Which is better, FoundersCard or Amex Platinum?

Archie Conway, WalletHub Financial Advisor

FoundersCard vs. American Express Platinum card: Main Differences

The Platinum Card® from American Express

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