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The Mastercard® Black Card and The Platinum Card® from American Express are two very different rewards cards. Amex Platinum is a high-tier travel rewards card that offers lots of rewards and high-value benefits. In contrast, the Mastercard Black Card’s cost far outweighs the rewards and perks it provides in return. Deciding between these two cards should be relatively easy once you see what they offer.
- Amex Platinum is well worth the cost for high spenders, and may give useful benefits such as airport lounge access and several different types of statement credits.
- The Mastercard Black Card is not really worth the cost, even though it may offer some statement credits. But it has slightly better international acceptance than Amex Platinum, and may provide some exclusive benefits at certain hotels.
SIDE BY SIDE COMPARISON
|Credit Card Company||Barclays Bank US||American Express|
|Min Credit Required||Excellent or Good||Excellent or Good|
|Intro APR Period||N/A||N/A|
|Regular APR||14.99% (V)||See Pay Over Time APR|
|Intro APR Period||15 months||N/A|
|Regular APR||14.99% (V)||N/A|
|Transfer Fee||3% (min $5)||N/A|
|Reward Bonus||N/A||75,000 points|
|Max Late Fee||$39||$40|
|Max Overlimit Fee||None||Not Applicable|
|Max Default APR||None||See Rates & Fees|
|Cash APR||25.24% (V)||25.24% (V)|
|Cash Advance Fee||5% (min $10)||5% (min $10)|
|One-time Setup Fees||None||None|
|Foreign Transaction Fee||0%||0%|
|Grace Period||23 days||25 days|
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Mastercard Black Card vs. Amex Platinum
Amex Platinum is the clear winner in this matchup of expensive rewards cards. It delivers far more value to cardholders than the Mastercard Black Card does. One of the few situations where the Mastercard Black Card is better is if you want to make a balance transfer.