The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network.
The Insider Pick:
Although the credit card and rewards space has become a bit crowded, American Express remains a popular and prestigious company, offering compelling and competitive products.
The Platinum Card® from American Express is the best product offered, with generous benefits, valuable perks, and solid rewards that more than make up for its high annual fee — for example, I got more than $2,000 of value from the card my first year.
American Express offers credit and charge card products for just about every lifestyle need. Although American Express is famous for its travel connections and premium experiential offerings, it also offers credit and charge card products with other advantages. Whether you're looking for cash back, frequent flyer miles, travel insurance, purchase protections, extra points on groceries, access to airport lounges, or more.
If you're looking for the best Amex card for you, here are the ones you should consider.
Keep in mind that, unless it's otherwise noted in the card description, we're focusing on benefits, perks, and rewards that make these cards great options, not things like interest rates and late fees, which can far outweigh the value of any rewards.
When you're working to earn credit-card rewards, it's important to practice financial discipline, like paying your balances off in full each month, making payments on time, and not spending more than you can afford to pay back — or spending more than you would otherwise. Basically, with a few rare exceptions, you should treat your credit card like a debit card.
Here are our top picks for the best Amex cards:
Read on in the slides below to see which Amex card is right for you.
SEE ALSO: The best credit card rewards, bonuses, and perks
The best Amex overall
Why you'll love it: The Platinum Card offers incredibly valuable benefits, perks, and rewards, and is a must-have for any frequent traveler.
Welcome offer: 60,000 points (after spending $5,000 in the first three months)
At $550, the Platinum Card has one of the highest annual fees of any mainstream card. However, as long as you're willing to float it up front, you can get way more value back from the card — for instance, I got more than $2,000 in value from it during my first year.
The Platinum Card earns American Express Membership Rewards. These points can be redeemed for travel, merchandise, or more. However, the best option is to transfer them to a frequent flyer partner.
The card offers 5x points per dollar spent on flights booked directly with the airline, as well as flights and pre-paid hotels booked through Amex Travel. It earns 1x point on everything else. It also offers up to $200 in Uber credits each cardmember year, as well as $200 in airline credits each calendar year — if you open the card mid-year, it's possible to earn that twice in your first cardmember year.
The card comes with a number of perks, including access to more than 1,200 airport lounges within the Priority Pass network, as well as Delta Sky Clubs and proprietary American Express Centurion Lounges. It also offers complimentary gold elite status with Marriott, Starwood, and Hilton hotels, as well as up to $100 per year in shopping credits at Saks Fifth Avenue.
The annual fee may turn a lot of people off from this card, but if you can get past that, the return it offers is tough to beat.
Pros: Valuable perks, useful benefits, possible to get outsized value
Cons: High annual fee — even though you can make it back, and more, you'll still have to float that at first
The best premium Amex for earning rewards
Why you'll love it: The Premier Rewards Gold has a lower annual fee than the Platinum Card, but it offers better rewards and solid benefits.
If the Platinum Card's annual fee is too much to stomach, but you still want a card that offers compelling travel rewards, the Premier Rewards Gold card, or "PRG," is a compelling option. While it doesn't offer the same flashy perks and outsized value, it has a great points-earning structure to make up for that, and a lower annual fee of $195, waived the first year.
The card earns 3x points on airfare, 2x points at US supermarkets, gas stations, and restaurants, and 1x points on everything else. Travel website The Points Guy assigns a value of 1.9¢ to every Membership Reward point, so using that, you'll earn a generous 5.7% back on flights, 3.8% on groceries, dining, and gas, and 1.9% on everything else.
Points can be redeemed the same way as with the Platinum Card, and they can be combined with any other points-earning Amex card.
The PRG also offers a $100 airline fee credit each calendar year, which, like the Platinum Card's, can be double-dipped.
The card has a number of other benefits, including access to benefits through Amex Travel's exclusive Hotel Collection, travel insurance, purchase protection, Amex Offers, a complimentary ShopRunner membership, and more. Check out our full review of the PRG for more details.
Keep in mind that it's possible to be targeted for a higher welcome bonus.
Pros: Great rewards earning structure, useful benefits, lower annual fee than the Platinum Card.
Cons: Relatively high annual fee compared to some other cards.
The best Amex for families
Why you'll love it: The EveryDay Preferred earns bonus points at US grocery stores and gas stations, making it a strong product for families and others who spend a lot in these categories.
Welcome offer: 15,000 points (after spending $1,000 in the first three months)
The EveryDay Preferred is a strong option for anyone looking for a Membership Rewards card, but who's not interested in a premium card like the Platinum or PRG. It also has a strong points-earning scheme and a lower annual fee of $95.
The card earns 3x points per dollar spent at US supermarkets (up to $6,000 each year — 1x point per dollar after that), 2x points at US gas stations, and 1x point on everything else. You can also get 2x points on reservations made through Amex Travel.
Best of all, if you make 30 or more purchases in a billing period, you'll earn a 50% bonus. That means that those little $3 and $4 charges for things like coffee or a snack can help you get a ton of points quickly.
The card also offers a 0% intro APR on purchases and balance transfers for the first 12 months, before switching to a variable 14.74–24.74% APR. If you have a big purchase coming up and want some time to pay it off, but don't want to pay interest fees, this is a great option.
Pros: Low annual fee, strong rewards structure, earns valuable points, 50% bonus when you make at least 30 transactions in a billing period
Cons: Relatively low welcome offer
See the rest of the story at Business Insider