Should I have both Amex Platinum cards?

The bottom line. Because each card offers different benefits and earning power, it makes sense to carry more than one card. By using the AmEx Trifecta of cards, you'll earn maximum points on travel, dining, groceries and other purchases.



Holding both the Amex Consumer Platinum and Amex Business Platinum can be a highly lucrative strategy for "power users" who can maximize the distinct credits, as the cards offer over $3,500 in combined annual value as of 2026. The Business Platinum is superior for business owners due to its 35% points rebate on award flights, Dell/Adobe credits, and 1.5x points on large purchases over $5,000. The Consumer Platinum excels at lifestyle perks, such as the $200 hotel credit, digital entertainment credits, and Uber VIP status. While you will pay two hefty annual fees, having both allows you to separate business and personal expenses while doubling up on benefits like the $200 Airline Fee Credit. Furthermore, if you spend over $75,000 on the Business card, you unlock unlimited Centurion Lounge guest access, which is now restricted on the personal version. If your business spending aligns with the specific credits, the cards effectively "pay for themselves."

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The statement credits alone are worth over $1,400, but they are somewhat limited and don't match most cardholders' spending patterns. As long as you're able to get enough value with this card to cover the $695 annual fee, The Platinum Card® from American Express is worth considering.

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Does AmEx have a 5/24 rule? No; in fact, the AmEx welcome bonus rules work differently than Chase. Ariana is a travel rewards expert who has been covering points, miles and free travel for over seven years. She previously served as managing editor for FlyerTalk and Frugal Travel Guy.

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Compare Amex Platinum to other cards Amex Platinum has a higher annual fee than most credit cards, but it also offers unparalleled travel benefits and a robust rewards program. For example, your card gives you access to Delta Sky Club, The Centurion Lounge and several other airport lounge options.

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If you travel often enough use all the upgrades and perks of The Business Platinum Card® from American Express, it could be worth the hefty annual fee. Otherwise, the American Express® Business Gold Card might be a better fit for business owners who want a mix of perks and rewards on their day-to-day spending.

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As part of The American Express Global Lounge Collection®, Platinum Card® members can enjoy unlimited, complimentary access to Plaza Premium lounges around the world. Plaza Premium is a network of airport lounges around the world that are open to The Platinum Card® members, regardless of airline or ticket class.

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