The American Express Platinum card has several attractive alternatives. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. The annual fee is $400 per year and includes some attractive benefits that are fairly competitive. But in the February 2020Nilson Report, it was reported that 99% of credit card-accepting merchants in the U.S. can now accept American Express, meaning 10.6 million retailers now accept American Express. Winner: Platinum Card Concierge wins without a fight, but even if Visa Infinite Concierge and Citi Concierge got back to me, I'm confident that Platinum Card Concierge still would have won. In February 2020, Nilson reported that Visa and Mastercard swipe fees had a weighted average of 2.26% compared to American Expresss average fee of 2.3% making this only a 0.04% difference. The information regarding the Capital One Walmart Rewards card, and Macys Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. Creating the right "experiment" was tricky here. If youre a heavy traveler, youll want the Platinum card. Editors note: This post has been updated with new information. Terms Apply. Check out the list of features for each one to determine which would be best for your needs. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. Today, I will be comparing the American Express AeroplanPlus Platinum Card, CIBC Aerogold Visa Infinite Privilege and TD Aeroplan Visa Infinite Privilege Card. 4. If you'd like to add a comment to this article and share your valuable feedback and opinions, please click here to leave your comment. Get 5X Membership Rewards points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases. However, this is incorrect since the Uber credit can't be used abroad. Youll also get your first bag checked for free (for yourself and up to four companions) when traveling domestically with American Airlines on the same reservation. But in terms of comparing eligibility requirements for Visa, Mastercard, and American Express, American Express may be the hardest issuer to qualify for as most cards require applicants to have a good credit score of at least 670 to qualify. For example, are you looking for a card that can get you into airport lounges (like Priority Pass or Centurion lounges), give you cash-back on certain spending categories, or offer 0% APR balance transfers? The Visa Platinum is the second tier of the four Visa credit card types. The information for the Citi Prestige has been collected independently by The Points Guy. And youll have complimentary access to over 1,000 VIP airport lounges in over 500 cities thanks to Priority Pass Select. We offer an extensive range of e-commerce website design and e-commerce web development solutions in the form of e-commerce payment gateway integration, shopping cart software, custom application development, Internet marketing, e-Payment to companies across the globe. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader. Visa and Mastercard are accepted at roughly the same number of retailers domestically (99% for both) and internationally (210+ countries and territories for Visa vs. 200+ for Mastercard). Plus, your own feed of TPG content. You wont pay any foreign transaction fees when you make a purchase outside of the U.S., and you can use your Venture rewards miles on hotels, flights, and more. Specific benefits for American Express vary by card, but some common benefits offered include things like: Hot Tip: It is important to reference the benefits for your specific card to get a full picture of all of the benefits your card provides. The Visa Platinum is the second tier of the four Visa credit card types. Here are the best cards for making your trip more comfortable. It's worth nothing that the Visa card gets you 6 visits per year, but they can be used on guests as well as yourself. Recently, he's invested in a few pieces of art on Masterworks too. The Infinite card offers accelerated cash back rates: 4% for grocery store purchases, 2% for gas, and 1% for daily transit purchases. If youre looking for a business card that earns high cashback rates, you may want to compare the Scotiabank Passport Visa Infinite and the Gold American Express. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. The Mastercard Black card has an annual fee of $495. Box 323 Your status as a cardmember gets you a 25% discount on inflight food and drinks as well. They took it a step further and provided a quick blurb about the cuisine, if a restaurant was card-only, its atmosphere and more. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. At face value, there appears to be no difference between the types of services offered. I am not a financial adviser. The American Express Global Lounge Collection can provide an escape at the airport. The "up to" is key here. It will NOT be published. Most users would earn back the $95 annual fee with gained points quite quickly. This bonus value is an estimated valuation. Chase pays more for restaurants (after your six month 10x rewards with Amex expires). U.S. Bank Altitude Reserve Visa Infinite Card. It's better than a Visa Classic but less luxurious than a Visa Signature or Visa Infinite. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Visa Platinum card is the choice of consumers who want more from their cards. The "up to" is key here. The much-lower annual fee will likely make up for what youre not getting in higher-end travel benefits that you might not care about anyway. Welcome Offer: Earn 120,000 Membership Rewards points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership. Unlock over $1,000 in value per year for statement credits on select purchases, including tech, recruiting and wireless with the Business Platinum Card. 1X points for each dollar you spend on eligible purchases. On the other hand, I also had a strong hunch that, outside of the fanciest restaurants in the country, there wouldn't be much variation in how well these concierges could lock down a reservation for me. It has an annual fee of $0 and also charges no foreign transaction fees. For Visa Infinite Privilege, the income requirements are $200,000 for either personal or household, at least double the Visa Infinite requirements. Welcome Offer: Earn 120,000 Membership Rewards points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership. These fees do have to be charged to your Platinum card, and the credits only apply to your pre-selected airline. Which is Better Visa Platinum or Visa Infinite? Score: 4.4/5 ( 20 votes ) The RBC Visa Platinum Avion ($120 annual fee) lets you earn 1 RBC Rewards point per $1 spent on the card and comes with a 15,000-point credit card sign-up bonus. What is the fastest way to pay off a parent PLUS loan? It seems likely that a huge reason for this increase is due to the fees between the networks becoming closer aligned. For example, it's rare to see a high-end credit card these days that doesn't offer some form of a Priority Pass lounge membership and a travel or airline credit worth hundreds of dollars. No Foreign Transaction Fees. This is because, as the card issuer, it offers its own cards and only a limited selection of cards with other card issuers on the American Express payment network. Christy was born in St. Louis, Missouri, but lived in Texas for the majority of her life. However, if youd rather have more flexibility in where you stay, or if you dont use hotels often, youre likely better off with a general rewards card like the Amex Platinum. Youll earn 2x AAdvantage miles for every $1 spent at gas stations and restaurants. We'll run a soft credit check to find special offers, but it wont affect your credit score. Meanwhile, Visa Infinite Concierge and Citi Concierge did not acknowledge my request about the must-sees or must-do's. That being said, the sign-up bonus, lack of income requirement, and ability to get up to a 3% return on your rewards can make this $120 annual fee worth it for some. How does this compare to the American Express Platinum card? The same thing goes for travel itineraries unless you're going to a remote island in a far corner of the world, all concierges should have access to the same flight options for you. AMEX Plat's PP Select gets you unlimited visits, but guests are $29. The biggest difference between Visa Infinite and Visa Infinite Privilege is the amount of benefits you'll receive. The most recent comparative post was: AMEX vs. CIBC vs. TD Aeroplan Platinum/Privilege Cards. Citi AAdvantage Platinum Select World Elite Mastercard, our full review of the Platinum Card by American Express goes into great detail on this too, Learn more about the Mastercard Black Card, Marriott Bonvoy Brilliant American Express Card. And 3x points on all other travel purchases. Visa Infinite represents the most premium offering from the card network, and offers benefits suited to the premium rewards cards that carry the designation. Partnerships with other retailers like HBC and Petro-Canada, excellent travel insurance, and the 35,000 bonus points on sign-up sweeten the pot. "Visa Infinite" is a package of superpremium benefits available on certain cards that carry the Visa label. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). With a $495 annual fee, this card comes with plenty of statement credits, including a $250 annual airline fee credit and a $500 dining and airport club statement credit. Having a platinum credit card used to mean that your credit card was more exclusive and elite than a normal credit card. Just to be safe, the bestbet when traveling abroad is to have a Visa or Mastercard in your wallet. 1X points on spending redeemed at 1.5% of spending if taken as cash back or 2% of spending if redeemed for flights. Theres just not as wide a selection of cards issued by American Express compared to the number of cards that hold the Visa or Mastercard logo. The Marriott Bonvoy Brilliant American Express Card offers 95,000 Marriott Bonvoy points after you spend $5,000 in purchases in the first 3 months.. At face value, there appears to be no difference between the types of services offered. With Visa Infinite Privilege, you can enjoy Global Airport Lounge Access with 6 complimentary passes, and other great benefits at select airports in Canada. I needed a request that would give each concierge a chance to show some creativity. The annual fee on the U.S. Bank Visa Platinum Card is $0. What percent of income should go to mortgage? It's the top tier within Visa's three levels of benefits, tailored to high-net-worth cardholders. Verdict: Once the $200 travel credit is taken into account, the Platinum Cards price point is more favourable. You can redeem any earned rewards instantly using your mobile device. Related: Dining out, taking out and ordering in: These are the best cards for foodies. If you travel often, like luxury travel benefits such as concierge services, and would benefit from the bonus points for travel, get the Platinum card. Contact: 800-953-7392. If youre looking for a business card that earns high cashback rates, you may want to compare the Scotiabank Passport Visa Infinite and the Gold American Express. It's the top tier within Visa's three levels of benefits, tailored to high-net-worth cardholders. Thats better than American Express. Both Visa Paywave and Mastercard Tap & Go work at contactless terminals, as well as mobile wallets. There are plenty of alternatives that provide similar perks for a smaller annual fee. It seems likely that a huge reason for this increase is due to the fees between the networks becoming closer aligned. Now, work has her living in San Diego with her husband, daughter, and yellow lab. Having reliable, timely support is essential for uninterrupted business operations. 6. Flights booked directly with the airlines and flights and hotel stays booked directly with Amex Travel earn 5x points. For example, American Express is the only network that offers Delta and Hilton cards. The Wells Fargo Active CashSMCard is no different. The main benefits of Platinum Rewards credit card include the following: Earn 5 reward points for every INR 150 spent on dining. There are also some lounges that you can access via the Plat directly, like Delta SkyClubs. Youll get 2% value when you redeem for airfare, and 1.5% value for cash back redemptions. 2. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. Therefore, you will get more points with it than with the 1.5 points of the TD card. For example, Chase credit issues cards with Visa will have both the Chase and Visa logos on them. The Global Lounge Collection membership gives you access to over 1,300 lounges in over 500 airports, and 140 countries around the world. Finding a card that matches your requirements might be more important than picking a card network. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. While on the American Express Aeroplan * Card, you could earn 50,000 points after six months by spending $3,000. This post contains references to products from one or more of our advertisers. Fulton, MD 20759, 2023 Best Wallet Hacks All rights reserved. Mastercard is accepted at 99% of retailers in the U.S. If you have lost your Visa card, we can help block your account, send a replacement card and provide emergency cash. The U.S. Bank Altitude Reserve Card offers several great travel benefits and a lower annual fee. In this Indigo Platinum Mastercard review, I cover the card's features, including the positives and negatives, and share some Indigo Mastercard alternatives. However, there are two different phone numbers one dedicated for Visa Signature cardholders and another for Visa Infinite cardholders. Visa Infinite vs. How much income do I need for a 800k mortgage? The Infinite card offers accelerated cash back rates: 4% for grocery store purchases, 2% for gas, and 1% for daily transit purchases. Topics included museums and retail reopening, masks, capacity limits and other pandemic restrictions. Other benefits include 24/7 Global Assist Hotline access and no foreign transaction fees when traveling abroad. Most Visa Platinum cards require a credit score in the 600s. is a former TPG writer. For more information on our advertisers, see here. WebScotiabank Gold American Express. The Visa Infinite concierge can help you do things like book restaurant reservations, select gifts or obtain event tickets right when they go on sale. The Capital One Venture Rewards Card offers several great travel benefits with only an annual fee of $95. We briefly discussed the benefits above, but you need to decide what you are looking to get back from a credit card. And youll earn 2x AAdvantage miles for every eligible American Airlines purchase. Based in New York City, Stella is always on the road (or in the air). None of the concierge services could fulfill my requests on the spot (which is to be expected), so where the differences started to become strikingly apparent was how long it took them to follow up. Unfortunately, American Expresss international acceptance is much lower than its competitors. A credit score of 700 and above is considered as ideal. You might be able to qualify for some with a score in the very high 500s. This is especially true if you like to travel frequently and enjoy the finer things in terms of dining, accommodations, and other travel expenses. When the travel credit is netted against the annual fee, we can think of the Platinum Card as having an effective annual fee of $499, which is more favourable than what the premium Aeroplan cards are charging. For example, if youre hoping to use your points to get a flight on AerLingus, youd want to go with a card that can get you Amex Membership Rewards or Chase Ultimate Rewards. Platinum Card Concierge provided the following information about the metro: Meanwhile, Visa Infinite Concierge provided this information about the metro: Platinum Card Concierge was the only other service to provide information on alternative modes of transportation. However, given that it's been almost two weeks since my initial request, it's unlikely that I'll hear back. And theres no cap to the number of AAdvantage miles you can earn. Instead, youd contact the credit card company that issued the card, like Bank of America, Chase, etc. 4,000. Almost all Canadian credit cards impose a hefty 2.5% foreign transaction fee on purchases made in currencies other than the Canadian dollar. Finding a PCR test to return to the traveler's home country. The UBS Visa Infinite Credit Card currently offers a welcome bonus of 25,000 points when you make $3,000 in eligible purchases during the first three months from card account approval. Contact: 800-953-7392. For example, the Capital One Walmart Rewards card is a Mastercard, the Costco Anywhere Visa Card by Citiis on the Visa network, and the Macys Credit Card is processed by American Express. I'd say the overlap of information, advice and recommendations I received from all three was far better than any one service on its own. You might be able to qualify for some with a score in the very high 500s. And youll get 50% more value when you redeem your rewards through the Ultimate Rewards program. These points can be redeemed for travel through UBS's own portal. 95,000 Marriott Bonvoy points after you spend $5,000 in purchases in the first 3 months. join our free newsletter and join 25,000+ subscribers learning how to make more money, invest better, enjoy more of life with our 100% free newsletter. These points can be redeemed for travel through UBS's own portal. $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account. In general, the more benefits a card provides, the harder it is to qualify for. And youll earn unlimited 2x miles on every purchase, every day. The Luxury Hotel & Resort Collection benefit provides for additional benefits at select hotels and resorts, such as early check-in and late check-out. Health protocols of the hospitality and tourism industry in Greece. 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