The main divergence between the American Express Cobalt Card and the American Express Platinum Card centers around their rewards, fees, and exclusive perks. While both share some similarities, there are notable contrasts that cater to distinct financial preferences.
In the realm of rewards, the Cobalt Card boasts a dynamic points system, geared toward everyday spending like dining and groceries, appealing to the urban explorer seeking versatile perks. On the flip side, the Platinum Card targets globetrotters with lavish travel benefits, airport lounge access, and elite status.
As for fees, the Cobalt Card may flaunt a lower annual fee, a sweet deal for those looking to reap rewards without a hefty price tag. Meanwhile, the Platinum Card, though potentially sporting a higher fee, offsets it with its luxurious travel amenities and concierge services.
Both cards could offer introductory bonuses, but these tantalizing offers can change over time, so it's wise to stay updated. The Cobalt Card might hook you with bonus points on initial spending, while the Platinum Card could dazzle with its fine dining and hotel perks.
What sets the Cobalt Card apart is its focus on everyday rewards and trendy lifestyle perks, attracting those who seek more than just travel benefits. Meanwhile, the Platinum Card's emphasis on high-end travel privileges and VIP experiences is a magnet for the jet-set elite.
To sum it all up, your choice between the American Express Cobalt Card and the American Express Platinum Card hinges on your spending habits, travel inclinations, and desire for either versatile urban advantages or opulent travel indulgences.
On website | On website |
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Description | |
Offers an attractive rewards program with a focus on earning points quickly on everyday spending categories like dining, streaming subscriptions, and transportation. | The American Express Platinum Credit Card lets you enjoy more of what you love. Earn 3x points on dining & food delivery and unlock exclusive premium credit card perks. |
Basics | |
Additional Cardholders | |
9 | 9 |
Card Type | |
American Express | American Express |
Minimum Credit Limit | |
N/A | N/A |
Maximum Credit Limit | |
N/A | N/A |
Sign up bonus | |
Signup Bonus Points | |
15000 points | 70000 points |
Signup Bonus Points Required Spend | |
$750.00 | $10,000.00 |
Signup Bonus Points Required Spend Terms | |
eligible purchases every month for 12 months, that's 1,250 Membership Rewards points for each monthly billing period. | eligible purchases in the first 3 months. Earn an additional 30,000 points when you make a purchase between 14 and 17 months of Cardmembership, giving you a total of 100,000 points |
Rewards | |
Rewards Program | |
American Express Rewards | American Express Rewards |
Domestic Rewards Points Earn Rate | |
1 | 1 |
Benefits | |
Airport Lounge Access Included | |
Yes | Yes |
Concierge Service Included | |
Yes | Yes |
Cardholder's International Travel Insurance | |
Yes | Yes |
Complimentary Flight Voucher Included | |
No | Yes |
Introductory balance transfer | |
Balance Transfer Rate | |
N/A | N/A |
Balance Transfer Period | |
N/A | N/A |
Balance Transfer Fee | |
N/A | N/A |
Balance Transfer Limit | |
N/A | N/A |
Balance Transfer Revert Rate | |
N/A | N/A |
Ongoing rates | |
Cash Advance Rate | |
21.99% p.a. | N/A |
Purchase Rate Ongoing | |
21.99% p.a. | N/A |
Ongoing fees | |
Annual Fee Ongoing | |
$155.88 | $799.00 |
Foreign Exchange Fee | |
$2.50 | $2.50 |
Late Payment Fee | |
$38.00 | $38.00 |
Overseas ATM Withdrawal Fee | |
$5.00 | $5.00 |
Digital wallets | |
Apple Pay Enabled | |
Yes | Yes |
Google Pay Enabled | |
Yes | Yes |
Samsung Pay Enabled | |
Yes | Yes |
Eligibility | |
Available To Existing Customers | |
No | No |
Minimum Age | |
18 years | 18 years |
Minimum Credit Rating | |
Good | Good |
Minimum Income | |
N/A | N/A |
Temporary Residents Accepted | |
No | No |