This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here – Starwood Preferred Guest Business Credit Card from American Express, Starwood Preferred Guest Credit Card from American Express, The Platinum Card from American ExpressPremier Rewards Gold Card from American Express

TPG reader Leo wants to know if he should pick up another American Express card:

“Do you think it’s worth getting the Starwood Preferred Guest Card from American Express when I already have the Platinum Card? Is the only advantage earning two extra Starwood points per dollar?”

Comparing the Starwood American Express and the Platinum Card from American Express is kind of like comparing apple to oranges. Starpoints, in my opinion, are more valuable than Membership Rewards points that are accrued from the Platinum Card. Not only are you getting an extra 2 Starpoints per dollar when you spend at Starwood properties (on top of the Starpoints you earn as an SPG member), but you’re earning more valuable points on everyday purchases.

Screen Shot 2013-08-30 at 1.41.13 PM

The key reasons why I like Starpoints are that they transfer to a lot of great airline partners like American Airlines and US Airways, and there is a built-in 25% transfer bonus – any time you transfer 20,000 Starpoints to an airline partner you will get 5,000-mile bonus with most of the frequent flyer programs.

In general The Platinum Card from American Express is not the best card for earning points. If you want Membership Rewards points, the Premier Rewards Gold Card from American Express is a much better option because of its earning structure. With this card you will earn 3x on airfare, 2x at US gas stations and US supermarkets and 1x for everything else.

One of the great perks of the Platinum Card is the Airport Club Access Program.
One of the great perks of the Platinum Card is the Airport Club Access Program.

Update: Beginning March 22, 2014, American Express Card Members will no longer have access to American Airlines Admiral Club and US Airways Club airport lounges through Airport Club Access / Airport Lounge Program. This means that Card Members will no longer be able to gain complimentary access to the American Airlines airport lounges (known as Admirals Club lounges) or the US Airways Club airport lounges as a benefit of their Platinum Card Membership.

However, the Platinum Card is great because of the numerous perks that come along with it. Card benefits include an annual $200 airline fee rebate, airport lounge access, Global Entry reimbursement, Starwood Gold status and access to the Fine Hotels and Resorts program. Read this post for more details on the various benefits and why they bring more value than the cost of the card’s steep $450 annual fee.

As for the Starwood Amex, the $65 annual fee is waived for the first year and there is a current 30,000-point bonus after $5,000 spent in 6 months that is available until September 3, 2013. I value those 30,000 Starpoints at $600 right off the bat. The Platinum Card has a 25,000-point sign up bonus which you will earn after spending $2,000 on the card within the first 3 months. If you’re able to spend $7,000 in 6 months to earn both bonuses I might recommend getting both cards instead of just choosing one since you can rack up those valuable Starpoints, but also enjoy the perks and benefits of the Platinum Card.

As we noticed this week with the American Airlines surcharge scare, it’s always good to have a robust portfolio of different points accounts with flexible transfer options. I would recommend having both cards in your wallet and deciding at the end of the year whether it makes sense to keep both or get rid of one. That plan is feasible because American Express will let you have 4 open credit cards and unlimited charge cards. The Platinum Card is actually a charge card so it won’t count towards that limit of 4 credit cards that you can get approved for.

I myself have multiple American Express cards, both the Starwood personal and business card, the Mercedes-Benz Platinum Card as well as the Premier Rewards Gold card so its definitely possible to mix and match and maximize those points. Please tweet me @thepointsguy if you have any follow up questions and good luck!

Know before you go.

News and deals straight to your inbox every day.

The American Express® Business Platinum Card

The Business Platinum Card from American Express offers 40,000 bonus Membership Rewards® points as well as a slew of other valuable benefits like lounge access, hotel elite status and a digital subscription to The Times and The Sunday Times for Primary and Platinum Supplementary Cardmembers.

Apply Now
More Things to Know
  • Earn 40,000 Membership Rewards points when you spend £6k in your first 3 months of Card Membership
  • Up to 99 free Supplementary Cards - one complimentary Platinum Employee Cards and 98 Complimentary Gold Employee Cards
  • Global Lounge Collection - Access to more than 1,200 airport lounges across 130 countries, including The Centurion® Lounges and membership of Priority Pass™
  • Hotel Status at Hilton, Marriott Bonvoy™, Meliá Hotels International, Radisson Hotel Group, Shangri-La Hotels & Resorts – enjoy benefits such as complimentary upgrades, early check-in and late check-out, enhanced loyalty points, complimentary Wi-Fi and more
  • The Times and The Sunday Times annual digital subscription (£312 value per Card) – available for Primary and all Supplementary Cardmembers
  • Fine Hotels and Resorts – Enjoy a collection of over 1,000 hand-selected iconic 5-star properties worldwide. Receive complimentary benefits worth an average total value of £400 per stay.*
  • £150 statement credit for every booking with onefinestay (unlimited use)
  • Dedicated Account Management Team
Annual Fee
£595
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.