Platinum vs Rakuten
Platinum
$895/yr
7.0/10
VS
Rakuten
$0/yr
7.0/10
Quick Answer
Platinum charges $895/yr with 1X base rewards. Rakuten charges no annual fee with 1X base rewards. Rakuten 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
Rakuten
Lower annual fee ($895 vs $0)
Rewards Earning
Platinum
3 earning categories
Benefits & Protection
Platinum
9 benefits vs 0
Statement Credits
Platinum
$1429 in annual credits
Flexibility
Platinum
Transferable points to airline/hotel partners
OUR PICK
Rakuten wins for most people
The $895 fee difference is hard to justify unless you maximize premium benefits.
Apply for RakutenPREMIUM PICK
Platinum wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for PlatinumRewards Earning: Detailed Comparison
Platinum
| Flights booked directly or via Amex Travel | 5.0X |
| Hotels via Amex Travel | 5.0X |
| Everything else | 1.0X |
Rakuten
| Rakuten partner stores | 3.0X |
| Everything else | 1.0X |
Card Benefits: Detailed Comparison
Platinum (9 benefits)
- Trip Cancellation/Interruption Insurance (up to $10,000)
- Baggage Insurance Plan (up to $3,000)
- Premium Car Rental Protection
- Purchase Protection (up to $10,000)
- Extended Warranty
- Return Protection (up to $300)
- Centurion Lounge + Priority Pass + Airline Lounges
- Global Entry/TSA PreCheck Fee Credit (up to $120)
- Hotel Elite Status
Rakuten (0 benefits)
No benefits data available