American Express Platinum vs. American Express Cobalt
The American Express Cobalt card’s intro offer pales in comparison to the Platinum card, but 30,000 welcome points is still nothing to scoff at. Members also have the option of earning an additional 2,500 points for every month they spend $500 or more in the first year.
The Cobalt card does offer you slightly more earning potential, with an annual fee that’s a fraction of the cost ($12.99 monthly, $155.88 annually). Cardholders earn 5 points per dollar spent on food purchases, 3 points per dollar spent on subscriptions, 2 points per dollar spent on transit or gas and 1 point per dollar spent on everything else.
Compared with the Platinum card, the Cobalt’s insurance options are limited. They don’t offer any trip interruption or cancellation insurance, nor do they offer travel emergency assistance and you can forget about airport lounge access.
That said, when you factor in the annual fees for both cards, the Cobalt earns $594.52 in annual rewards value, compared to the $-339.14 earned by the Platinum. So, if you’re not a huge spender or interested in luxury travel experiences, the Cobalt is probably better for you.
American Express Platinum vs. American Express Green Card
There’s no annual fee for the Express Green Card. This means that cardholders get to pocket 100% of their 10,000 welcome points as long as they charge a minimum of $1,000 to the card in the first three months of card ownership.
The rewards system on the Green Card is basic but efficient. Cardholders simply earn 1 point for every $1 spent on any eligible purchase. These rewards can be used towards a statement balance or to book a flight. When you factor in the annual fees for each card, the Green Card earns $278.51 in annual rewards value, compared to the -$339.14 earned by the Platinum.
However, as far as insurance goes, the Green Card doesn’t offer any. However, cardholders will be pleased to know that they get access to American Express Experiences, including dining, shopping and entertainment options. The Green Card isn’t a direct competitor for the Platinum card, but it provides a good foot in the door for anyone unwilling to commit to an expensive credit card and still wants access to classic Amex perks.
American Express Platinum vs. Scotiabank Gold American Express Card
Scotiabank Gold American Express cardholders will see their $120 ($79 if you’re 65 or over) annual fee waived for the first year. They’ll earn up to 45,000 Scene+ points within their first year, as well.
Scotiabank customers will be familiar with the Scene+ points set-up, but here’s a quick intro: Every dollar spent on groceries, restaurants and bars will earn Scotiabank Gold American Express cardholders 5X Scene+ points. Entertainment purchases, like movie tickets and concert tickets, will also earn 5X Scene points. Streaming services and transit expenses earn 3X Scene+ points. Every other purchase earns 1X Scene points.
Overall, when you factor in the annual fee for both cards, the Scotiabank Gold Amex earns $823.12 in annual rewards value even when you factor in the annual fee, compared to the -$339.14 earned by the Platinum.
Plus, the Scotiabank option offers comparable travel benefits and redemption options. The main difference is that it doesn’t have any Forex fees, which may sway international travellers in its direction.