Platinum Plus vs Premium Rewards Elite
Platinum Plus
$0/yr
7.0/10
VS
Premium Rewards Elite
$550/yr
5.5/10
Quick Answer
Platinum Plus charges no annual fee with 1X base rewards. Premium Rewards Elite charges $550/yr with 1X base rewards. Platinum Plus offers better overall value for most spenders when comparing fees, rewards, and benefits side by side.
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Winner by Category
Annual Fees
Platinum Plus
Lower annual fee ($0 vs $550)
Rewards Earning
Premium Rewards Elite
2 earning categories
Benefits & Protection
Platinum Plus
0 benefits vs 0
Statement Credits
Premium Rewards Elite
$550 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Platinum Plus wins for most people
The $550 fee difference is hard to justify unless you maximize premium benefits.
Apply for Platinum PlusPREMIUM PICK
Premium Rewards Elite wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for Premium Rewards EliteRewards Earning: Detailed Comparison
Platinum Plus
| Everything | 1.0X |
Premium Rewards Elite
| Travel & dining | 2.0X |
| Everything else | 1.5X |