Mastercard Black Card vs. Amex Platinum: Which is Best in 2024? (2024)

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This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.

This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.

winner

Mastercard® Black Card

The Platinum Card® from American Express

Mastercard® Black Card

winner

The Platinum Card® from American Express

Mastercard® Black Card - Rewards Details

• Earn 1 point for every $1 spent on this card. Receive 1.5% Value for Cash Back direct deposit into a US bank account or as a statement credit.
• 2% Value for Airfare Redemption. 50,000 Points will get you a $1,000 ticket on any airline with no blackout dates or seat restriction
• Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
• Plus, $100 automatic statement credit for the cost of the Global Entry Application Fee.
• Enjoy $500 value per stay through Luxury Card Travel program at 3,000+ global properties. Benefits include room upgrade at check-in (when available), daily breakfast for two, complimentary Wi-Fi, and unique amenity.
• Unlock $5 Lyft App credit monthly after 3 rides, plus enjoy complimentary ShopRunner membership for free two-day shipping and easy returns.
• Get two months of Instacart+ complimentary and $10 off your second order each month with your Mastercard® Black Card.
• Get a discounted 13-month subscription to McAfee Total Protection covering up to 5 devices. Plus, a complimentary TechMate subscription.
• Get a $3 statement credit each month with Peaco*ck, when you use your Mastercard® Black Card.
• Airport Lounge Access with Priority Pass™ Select.

American Express Platinum card - Rewards Details

• Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peaco*ck, and The Wall Street Journal. Enrollment required.
• $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
• $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
• $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
• $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
• $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
• $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
• Terms Apply.

winner

Mastercard® Black Card

The Platinum Card® from American Express

winner

Mastercard® Black Card

The Platinum Card® from American Express

Mastercard® Black Card - Additional Info

• 0% Introductory APR on balance transfers that post to your account within 45 days of account opening.
• $195 Annual Fee for each Authorized User added to the account.
• Stainless Steel/Carbon Card – Patented Design.
• Luxury Card Concierge, 24 hours a day, 365 days a year.
• Privileged access to exclusive events and insider opportunities.
• Access to the Tournament Players Club (TPC) network of private club courses and Priceless® Surprises.
• Benefits: Travel Accident Insurance, Baggage Delay Insurance, Auto Rental Collision Waiver, Travel Assistance, and Trip Cancellation & Interruption.
• Mastercard ID Theft Protection.

American Express Platinum card - Additional Info

• $695 annual fee.
• This American Express Card has no preset spending limit, giving you purchasing power that adjusts with your use of the card. No preset spending limit does not mean unlimited spending. Your purchases are approved based on a variety of factors including spending patterns, your payment history, your credit history, and financial resources known to us.

This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.

This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.

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Purchase Intro APR→0%for15 months

Transfer Intro APR→0% for 15 months|Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer

Regular APR→18.74% - 28.74% (V)

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Purchase Intro APR→Not Offered

Transfer Intro APR→Not Offered

Regular APR→22.49% - 29.49% (V)

Pros, Cons, & Details