If you've had your Gold for over 1 year, I would call to see if they have a retention offer for you to keep the card. Amex's website is showing a bonus of 60k MR points now for a new Platinum. I would not do an upgrade for just 25K.
For me, the Platinum would be worth it but I wouldnt keep both the Gold and Platinum at the same time.
American Express Platinum may or may not be worth it for any one individual.
Unlike competing Chase products, Amex Gold and Amex Platinum are “different” products. Platinum is not a superset of Gold... it is... different.
Under the old gift card rules and with old fee of $450 it was not so hard to justify.
The current fee of $550 seems like a lot because... it is a lot.
Add up the benefits and see whether you are likely to get more than that value.
It seems like they are advertising the platinum as a “better gold.” How different are they?
Anyone feel free to correct me but my understanding is that the Chase Sapphire Reserve is a strict superset of the Chase Sapphire Preferred.
Any value that Preferred provides, Reserve provides that benefit or more.
That is NOT the relationship between the Amex Gold and Amex Platinum.
Amex Platinum has a lower MR point earning rate than Amex Gold except for airfare.
Platinum does offer airline lounge access.
Gold and Platinum are in the same product family but are distinct products.
Don't take that. I just received an offer to upgrade for 60,000pts. I'm mulling it over...
Platinum is a travel card, pure and simple. Gold is a daily driver. Look at the rewards structures to see that. If you fly a lot and value lounge access, Plat can be a great card. If not, Gold is likely a better fit. There is some crossover but in a nutshell that's the distinction.