So I had the gold first and then was approved for platinum a year later. I opted for the new account instead of an upgrade, in order to get the bonus of course. My question is, do I cut the gold and stick with only the platinum? I've used both of the card's rewards in full, Uber, GrubHub etc.
I have until Jan/Feb to decide before the AF hits.
Starting Score: EX: 625 | EQ: 690| TU: 674
I'd say NFCU More Rewards is only comparable to Amex Gold if you are doing low value redemptions like statement credit or using MRs to pay at checkout at Amazon, Best Buy, etc. For travel redemptions, Gold is at least 33.33% more rewarding (pun intended) than More Rewards. 😉
Without knowing your spending, it's hard to say whether it's worth getting rid of Gold and keeping Platinum. If all of your spend is airfare, then Platinum makes sense and it would be pointless to earn 3x on Gold when you can earn 5x on Platinum. But if you have any significant amount of restaurant and grocery spending, Gold is much better than anything else you currently have provided you're not doing one of the aforementioned low value redemptions.
@K-in-Boston I think you may want to preface any post about KFC card with this
Better than typing "Full disclosure each time"
@FidelCashflow wrote:So I had the gold first and then was approved for platinum a year later. I opted for the new account instead of an upgrade, in order to get the bonus of course. My question is, do I cut the gold and stick with only the platinum? I've used both of the card's rewards in full, Uber, GrubHub etc.
I have until Jan/Feb to decide before the AF hits.
@K-in-Boston wrote:Without knowing your spending, it's hard to say whether it's worth getting rid of Gold and keeping Platinum. If all of your spend is airfare, then Platinum makes sense and it would be pointless to earn 3x on Gold when you can earn 5x on Platinum. But if you have any significant amount of restaurant and grocery spending, Gold is much better than anything else you currently have provided you're not doing one of the aforementioned low value redemptions.
+1 ^ It really depends on your spend and your lifestyle. Platinum is great if you buy a lot of airfare and spend a lot of time in airports. But are you traveling right now during the coronavirus pandemic anyway or will you be? My lack of purchasing airfare is why I choose to keep the Chase Sapphire Reserve and AMEX Gold, both of which pay well on dining out since that is a heavy area of spend for me.
You mentioned taking advantage of the "rewards" (although I think you meant credits against the AF), but justifying the AF of cards like these beyond the pure emotional appeal has to do as much with the higher rewards rate you earn on spending categories as well as how much you value any perks. So putting pencil to paper and doing an honest evaluation of your spending is needed to make the best decision.
The two cards do not really compete with each other as far as benefits. If you just don't want two cards with substantial AFs, then you'll need to think about what each card's benefits are worth to you. While they are both travel cards in different ways, they are apples and oranges. Gold exists to build up MRs at grocery stores and restaurants that you can use to travel. Platinum is for airport lounges, plus hotel/rental car/etc status, when you travel. If you travel much, I think it's worth having both, but if I could only keep one, I'd keep Platinum. I can come close to matching Gold's rewards, but I can't come close to matching Platinum's status and lounge access. JMO!
