Posted by William Charles on June 16, 2016
Credit Cards

Published on June 16th, 2016 | by William Charles

45

Different Flavors Of The American Express Platinum Card

Update: We’ve added the American Express Platinum Card for Schwab.

A lot of people don’t realize that American Express offer multiple co-branded versions of their Platinum credit card. I thought it would be fun to look at each of these cards and also create a table to compare them. This is particularly interesting as American Express have moved to a one bonus per lifetime rule on their personal cards, but you should (YMMV) be able to get the bonus on each of these cards once.

The Cards

There are also a few other partners with which American Express used to offer co-branded platinum cards with: First Republic Bank & Guaranty bank.

Comparison Table

All of these cards come with the same staple of benefits, so I am only going to focus on the things that are actually different: annual fees (for both primary and additional card holders).

Platinum Card From American Express Mercedes Benz Morgan Stanley Goldman Sachs Ameriprise Financial Charles Schwab
Annual Fee $450 $475 $450 $450 per year $0 first year then $450 $450 first year then $450
Additional Cardholders First three are $175, each additional is $175 First three are $175, each additional is $175 First one free, then $175 each per year $175 each per year $175 each, first three are waived in first year First three are $175, each additional is $175
Sign up bonus 40,000 points after $3,000 in spend within three months 75,000 points after $3,000 in purchases (limited time) 50,000 points after $1,000 in spend within three months 10,000 points after first purchase None 40,000 points after $3,000 in spend within three months
Spending bonus None $1,000 certificate towards lease or purchase of Mercedes Benz after $5,000 in spend $500 after $100,000 or more in spend within a card member year 40,000 points after $100,000 or more in spend within a card member year 5,000 MR points after every $20,000 in spend (limit of 30,000 MR points) none
Availability Everybody Everybody Must have MS account Must have GS account Restricted to those with AF account, but not enforced Must have Charles Schwab account
Additional Benefits None $100 certificate at renewal of your Card account (can be used for official Mercedes Benz accessories & Up to 2,000 excess miles waived at lease-end on leases through Mercedes-Benz Financial Services None None None Redeem points for 1.25¢ per point. $100 statement credit if funds $250k+, $200 if funds 1,000k+

Best Card Platinum Card

On the surface the original American Express platinum looks one of the weakest (Goldman Sachs card is by far the worst option) but you need to remember that people often receive sign up bonuses of 100,000/150,000 MR points (the best way to check for these offers is with the American Express pre-approval tool). The best option will really depend on what cards are available to you and what you value more (e.g cash or MR points) – I can see benefits to getting each of these cards. Considering you can only get the sign up bonus on each of these cards once, I’d recommend getting cards when they have increased sign up bonuses. Here is what I’d look for:

  • Original American Express Platinum: 100,000+ points
  • Mercedes Benz: Current 75,000 offer is the highest it’s been
  • Morgan Stanley: ??
  • Goldman Sachs: ??
  • Ameriprise: 25,000 points with annual fee waived
  • Charles Schwab: Hasn’t had an increased offer

 



45 Responses to Different Flavors Of The American Express Platinum Card

  1. Scott says:

    data point: I got the Ameriprise Financial one and it included a 25k MR bonus after a $3k in 3 month spend

  2. Jordan says:

    The Ameriprise platinum waives the first 3 AU annual fee for the first year. Which I believe means you can waive 3 additional Global Entry fee’s if you have this account.

    “Each Additional Card on eligible Card accounts is also eligible for one statement credit every 5 years for an application fee. To receive the statement credit, the application fee must be charged on the eligible Additional Card.”

    “Add Additional Cards to your account for an introductory annual fee of $0 for the first year, then $175 for up to 3 Additional Platinum Cards.2 Set individual spending limits with Custom Limits®6 or add account alerts for more control. Eligible spending on Additional Cards will also get Membership Rewards points.”

  3. Parkerthon says:

    So I have Amex Platinum for Business and was told the fee was $300/each for every new cardholder. Is this different then personal? If so, isn’t the 100k/150k for business platinum only?

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  5. Larry says:

    Where is there a 10,000 points after the first purchase offer for the Ameriprise card? I just got it and didn’t see anything like that and don’t see it anywhere currently. Is there a link? Thanks

  6. Rob says:

    On MB – First three are $175, each additional is $175. Don’t forget Business Platinum too

  7. Ryan says:

    Fee for up to 3 AUs on the MB version is $175.

  8. Ryan says:

    If you have multiple businesses (separate EIN #s) can you get the bonus on the BIZ card multiple times? I got a targeted offer in the mail for 100,000 points, but it has the language that if you have had the bonus before you can’t get it again. Just hoping it might be tied to EIN. Appreciate any positive DPs.

    • PG says:

      A friend has received the same bonus on various Amex cards for multiple different LLC’s, but that was before the 1x/lifetime rule was extended to business cards. That’s recent enough there might not be a lot of dp’s…

  9. robert says:

    Delta Platinum: $3000 miniimum, $195 AF, 60K miles + 10K MQMs, +100$ credit on Delta purchase (in the first 3mo). Only really worth it if you’ve already had the Gold Delta cards.

    https://www.americanexpress.com/us/credit-cards/skymiles/28000?extlink=CH=ps-CU=us-BU=ccsg-SE=google-SKW=PA_Co_Brand-Partner-Delta_Platinum-Exact

  10. Dave C says:

    Great post. Developing a strategy on these US a good way to maximize points and get Plat benefits over multiple years.

  11. physixfan says:

    Everyone can get a Charles Schwab investment account.. But is there way for everyone to get a Morgan Stanley account or Goldman Sachs account?

  12. James Carson says:

    Speaking of co-branded precious metal charge cards, there’s also an Ameriprise gold card, but I’m not sure what the difference is from regular gold. I prefer the Premier Rewards Gold, anyway.

  13. Araa says:

    Do all of these flavors have business version?

  14. K says:

    Has anyone tried for the Morgan Stanley account and got it without having a Morgan Stanley account?

  15. Sam says:

    Nice summary. I don’t see any annual fee for the additional card for Schwab Platinum. I asked Schwab. They said there was no annual fee for the additional user. Could you confirm it?

    • Fine print says $175 for up to three additional users, then $175 per additional user.

      • Sam says:

        I am sorry but I looked through T&C. All I can see is this. Am I looking at different card?

        Annual Fee
        The annual fee for the Platinum Card® from American Express Exclusively for Charles Schwab is $450.

        Additional Cards: Additional Card Members do not have accounts with us but they can use your Account subject to the terms of the Card Member Agreement. You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account. You must pay for all charges they make. You authorize us to give Additional Card Members information about your Account and to discuss it with them.

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  18. weedibix says:

    Can a person with a Platinum Ameriprise get approved for a Platinum Personal and get the bonus?

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