Should You Keep Both the American Express Platinum and Gold Cards?

Friday, 9 August 2024, 02:00

Holding both the Amex Platinum and Gold cards may not be financially prudent due to their similar rewards structures and high annual fees. Assessing your spending habits and travel preferences can help determine if one card suffices for your needs. In conclusion, consider your personal finances and potential benefits before maintaining both cards.
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Should You Keep Both the American Express Platinum and Gold Cards?

Understanding Amex Card Benefits

Many cardholders find themselves questioning the value of holding both the Amex Platinum and Gold cards. While both cards earn similar points, they come with hefty annual fees that may not justify their combined retention.

Evaluating Your Financial Strategy

  • Assess spending habits to see if both cards are needed.
  • Consider travel rewards and benefits associated with each card.
  • Weigh the potential financial impact of keeping both.

Conclusion

Ultimately, keeping both cards depends on your unique financial situation and travel preferences. Review both cards’ benefits to determine if one card can sufficiently meet your goals.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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