The Platinum Card from American Express vs. Bank of America Customized Cash Rewards credit card
On the criteria below, The Platinum Card from American Express wins 5 of 6. The verdict depends on which criteria matter to you.
The Platinum Card from American Express
Amex
Bank of America Customized Cash Rewards credit card
Bank of America
The Platinum Card from American Express wins 5 of 6 criteria here, making it the stronger all-rounder.
The Platinum Card from American Express wins on first-year math, earning ceiling, lounge access, travel insurance, and foreign transactions; Bank of America Customized Cash Rewards credit card wins on annual fee.
Pick the The Platinum Card from American Express if year-one math is your priority; take the Bank of America Customized Cash Rewards credit card if you want a cheaper card to keep long-term.
Who wins what
5 vs 1- First-year math The Platinum Card from American Express
The Platinum Card from American Express wins on bonus value minus annual fee.
- Annual fee Bank of America Customized Cash Rewards credit card
Bank of America Customized Cash Rewards credit card is $895 cheaper to keep.
- Earning ceiling The Platinum Card from American Express
The Platinum Card from American Express earns more on its best category (5× vs 3×).
- Lounge access The Platinum Card from American Express
The Platinum Card from American Express includes lounge access; the other doesn't.
- Travel insurance The Platinum Card from American Express
The Platinum Card from American Express carries built-in travel insurance.
- Foreign transactions The Platinum Card from American Express
The Platinum Card from American Express has a lower (or zero) foreign transaction fee.
By the numbers
- Annual fee
- $895
- Free
- Welcome offer (typical value)
- $2,800
- $200
- First-year net
- +$1,905
- +$200
- Peak earning rate
- 5×
- 3×
- Top categories
- Flights, Prepaid Hotels
- Choice Category, Grocery
- Lounge access
- centurion, delta-sky-club, priority-pass
- No
- Travel insurance
- Yes
- No
- Elite status
- Yes
- No
- Foreign transaction fee
- None
- 3.00%
- Reward currency
- American Express Membership Rewards
- Cashback
Welcome-offer dollar values use each program's typical-tier valuation from our signup bonus calculator. See the methodology page for sourcing details.