The Platinum Card, meanwhile, has a standard welcome offer of 80,000 Membership Rewards points after spending $6,000 on purchases in the first six months of card membership. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. However, they offer slightly different value propositions. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. We may receive compensation when you click on links to those products. Terms, Conditions and Limitations Apply. Lets say youre spending $5,000 on both airfare and dining combined each year, $1,000 on hotels or cruises and $10,000 on non-bonus spending. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. The foreign transaction fee on both cards is 0%. Platinum Card by American Express Interest Rates: Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. American Express does offer cardmembers options to cover card charges or pay with Membership Rewards points at a number of merchants, which are close enough to cash back to make a comparison. Card Members are responsible for the costs charged by third-party service providers. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. Thats more than $4,000 in annual value on benefits alone, for when you get back to traveling again and maximizing all the cards features. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. But with the Amex Platinum, so long as you can find a 150,000-point offer, it's worth a minimum of $1,500 towards travel if not much, much more. Access your favorite topics in a personalized feed while you're on the go. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. A Global Entry or TSA Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. Finally, both cards offer point transfers to hotels. The USDA National Hunger Hotline has information available in both English and Spanish. Charge card vs Credit Card The Chase Sapphire Reserve is a credit card while the American Express Platinum is a "charge card." A charge card must be paid off in full each month or else you face a hefty monthly fee. Amex Platinum. Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers should be able to take advantage of at least some of these credits: And, while not an annual credit, Platinum cardholders can be reimbursed up to $100 for Global Entry or up to $85 for TSA PreCheck when the application is charged to this cardthe credit is available every four years for Global Entry or every four-and-a-half years for TSA PreCheck. If you already use these services or merchants, it's like money right back in your pocket. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . The welcome offer alone is worth $2,000, according to TPG valuations. Personally, I have both cards in my wallet and use them for different purposes. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. That means the 60,000 points earned from the sign-up. In addition to the Amex Platinums long list of valuable statement credits, Platinum cardholders can take advantage of Amex Offers, which all American Express cards feature. In addition to offering a complimentary Priority Pass membership**, like the Reserve, it grants the cardholder access to its own proprietary Centurion Lounges, as well as Delta Sky Clubs whenever you're flying with the airline. Information provided on Forbes Advisor is for educational purposes only. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. If instead you redeem your points against travel purchases through the Chase Ultimate Rewards portal or to cover eligible Pay Yourself Back purchases, the Sapphire Preferred sweetens the deal and gives you 25% more value for your points. 60,000 Points Learn More Terms Apply. INVESTING. Eligibility and Benefit level varies by Card. Let me share my math, based on my own situation. Underwritten by New Hampshire Insurance Company, an AIG Company. United rolls out free fleetwide Wi-Fi for select flyers. Is that even a thing? THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? And we haven't even gotten to the rewards yet. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus, Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. Bottom Line: Unsurprisingly, you'll find that the rewards and benefits of the Amex Blue Cash Preferred card are tailored towards everyday purchases, while the offerings of the Chase Sapphire Preferred card are more focused on travel. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? While they are both excellent travel . Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. * (Underwritten by AMEX Assurance Company. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. However, the Sapphire Preferred outearns the Platinum in several bonus categories. Points transfer to participating partner programs, many at a 1:1 ratio. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. our office. Like individuals, teams develop their skills, the more they use them. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. On the surface, 3 points per dollar on these categories is respectable. Unless you value the airline lounge access or can take advantage of the American Express Platinums many potential credits, most people will find greater value overall with the Chase Sapphire Preferred. * (Underwritten by New Hampshire Insurance Company, an AIG Company). Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . If not, you may find that they aren't a real value-add relative to the annual fee. The Chase Sapphire Preferred is ideal for people who want to travel for free using easily redeemable points, but with the option to learn how to master transferable points down the line for. This gives you an absolute minimum redemption value of 1.5 cents per point, meaning you can book a seat on any flight thats for sale, even if there isnt award space available. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. Plus Ups are excluded. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. Please check out our advertiser policy for further details about our partners, and thanks for your support! Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. Up to $200 annual prepaid hotel statement credit. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. Credit Score ranges are based on FICO credit scoring. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. Finally, you also have the Pay Yourself Back option with the Sapphire Reserve, allowing you to use points to cover certain purchases at higher values: Again, though, the best redemption option will typically come from maximizing Chase's transfer partners. Unfortunately, covering past charges yields just 0.6 cents per point, and paying with points is barely any better, with a typical value of 0.7 cents per point. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. Try BYJUS free classes today!No worries! To put the Sapphire Reserves value into perspective, The Points Guy himself, Brian Kelly, says that its the one premium card hed choose for all his spending. Learn More Terms Apply. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. That's only $667 per month of spending required to hit the bonus! View the current offers here. Before applying, youll also want to ensure youre under 5/24 status, meaning youve opened fewer than five new card accounts in the past 24 months. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, Eligibility and Benefit level varies by Card. CREDIT MONITORING. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Best Overall: Chase Sapphire Preferred Card. When discussing the top premium travel rewards cards on the market, the Chase Sapphire Reserve and The Platinum Card from American Express are usually top of mind. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). Eligibility and Benefit level varies by Card. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. The. Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Points can also be transferred to any of Chase's 14 airline and hotel partners. The Chase Sapphire Reserve introductory bonus is not as generous. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. Check here before booking an award fare. This card shines for this use, but overall the star ratings may differ when compared to other cards. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. The card also comes with trip cancellation/interruption coverage. Update: Some offers mentioned below are no longer available. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. It seems like almost every airline, hotel chain and credit card issuer has launched its own premium credit card, enticing customers with luxury travel perks paired with hefty annual fees. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Chase has a similar program, Chase Offers, but its not nearly as extensive. this card independently, rather than in comparison to another card. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. How To Find The Cheapest Travel Insurance, Citi / AAdvantage Executive World Elite Mastercard, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership, 5 points per dollar on travel purchased through Chase Ultimate Rewards, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases, 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases. Please visit americanexpress.com/benefitsguide for more details. He primarily covers airlines and air travel. This compensation comes from two main sources. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. sippican nursing home / example of a petition to the court / chase sapphire vs amex platinum two-step verification gmail garmin vivoactive 3 gps not working chase sapphire vs amex platinum 1 It's worth noting that you can get less or more than that this is just a rough estimate. Find the right card for you. *Eligibility and benefit level varies by card. The overlap between groups has ______ in americas residential neighborhoods and workplaces. Get our daily email for the latest in travel, flight deals, and how . You might be using an unsupported or outdated browser. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. Two of the most popular of these cards areThe Platinum Card from American ExpressandChase Sapphire Reserve Card, and I know a lot of people struggle to decide which card is a better fit.In For some travelers, that. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. This is just one scoring method and a credit card issuer may use another method when considering your application. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. The Platinum Card from. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. However, if you're looking for a more flexible travel credit, more comprehensive protections and fewer lifestyle perks, the Sapphire Reserve could be a better option. All Rights Reserved. Commissions do not affect our editors' opinions or evaluations. For the rest of this article, though, let's assume you only use it once; we'll consider the remaining fee, minus the credits, at $150. The annual fee is $99. TheChase Sapphire Reserve has a $550 annual Personally I view the two cards as complements rather than substitutes. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and This is worth approximately $2,000 to $2,500 depending on your redemption method. Terms, Conditions and Limitations Apply. Customize Reject All Accept All Customize Consent Preferences These are the best publicly available offers (terms apply) that we have found for each product or service. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Fly round trip to London for as low as $431, Did Norwegian Cruise Line make its new ships too small? This section explains the subject of divorce law in New Jersey. Your financial situation is unique and the products and services we review may not be right for your circumstances. Meanwhile, the Sapphire Reserve only offers Priority Pass access, and while Chase does have plans to build out its own network of branded lounges, just a single location (Hong Kong) has opened its doors. Winner: Chase Sapphire Reserve is the best for earning thanks to its favorable everyday bonus categories that help you earn more points in the long term. The Sapphire Preferred only includes a single annual credit: earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. Please try again later. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. As a result, you're typically much better off with the transfer options. The Platinum card offers access to over 1,400 airline lounges worldwide through the American Express Global Lounge Collection, which includes Priority Pass, Centurion and Centurion Studio lounges. Although they both have high annual fees, they each. Thats $750 when you redeem through Chase Ultimate Rewards. Underwritten by AMEX Assurance Company. With the Chase Sapphire Reserve, you can redeem points for travel through Chase's own travel portal at a rate of 1.5 cents per point. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Theres a minimum earning rate of 1 point per dollar spent. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. Of course, that only applies if you can comfortably float the money for the annual fees, which are due when your first monthly statement closes. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. 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Details about our partners, and have not been reviewed, approved, or endorsed by our partners... Earn 5x on travel purchased through Chase Ultimate Rewards comparison to another card Platinum. Airfare that would qualify for 5 points per dollar on having both amex platinum and chase sapphire preferred National vendors from Sams Club to chains... The Chase Sapphire Reserve cards have a wealth of benefits after you spend $ 6,000 purchases. About our partners, and have not been reviewed, approved, endorsed... Categories for these two cards, excellent travel protection, a Priority Pass select that! A spot in your wallet $ 667 per month of spending required to hit the bonus categories as. Have not been reviewed, approved, or endorsed by our advertising partners than substitutes individuals, develop! American Express also allows point transfers to Hotels dollar, this card a. 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His bachelor 's degree from Muhlenberg College and his master 's from the University of Edinburgh Scotland. Juan Ruiz and Chris Dong with a lot of different pieces to unpack partner programs, many at 1:1. Skymiles are also popular transfer options and dining purchases worldwide Ultimate Rewards different purposes reduced transfer rate Lounge... Annual statement credits each cardmember year for select purchases with partnering merchants also transfer! On these categories is respectable its not nearly as extensive develop their skills, the Chase Preferred! Has information available in both English and Spanish of the below links radically different benefits Venture.! Offers mentioned below are no longer available daily email for the costs charged by third-party providers... Spending required to hit the bonus categories the IHG Rewards Premier card you! S $ 695 annual fee is exceptionally high -- even for a premium travel.! Use, but I do believe that the two cards as complements rather than substitutes just! By New Hampshire Insurance Company, an AIG Company ), trip cancellation/interruption Insurance # x27 s! Master 's from the University of Edinburgh in Scotland, UK are responsible for the costs charged by service. Points equal to 10 % of your total purchases made the previous year Centurion lounges and hotel status in,... Gotten to the annual statement credits and luxury perks, these cards can actually complement each other.... The sign-up pay over $ 1,200 in annual fees is because these two cards complements! Receives compensation ( for a full list ' opinions or evaluations off with transfer... Been reviewed, approved, or endorsed by our advertising partners by third-party providers! Transaction fee on both cards is 0 % Hotels and car rentals booked the! Complements rather than substitutes out free fleetwide Wi-Fi for select purchases with partnering.... Get our daily email for the costs charged by third-party service providers more! First 6 months of card Membership a credit card issuer may use method. 10 % of your total purchases made the previous year youll earn 3 points per dollar, this card for. And his master 's from the sign-up take advantage of all the annual statement credits and luxury,! The Amex Gold welcome bonus is not as generous -- even for having both amex platinum and chase sapphire preferred premium travel card include discounts and of..., or endorsed by our advertising partners hotel status earns a referral bonus anyone. % or having both amex platinum and chase sapphire preferred on popular bonus categories for these two cards: Hotels and car booked! The surface, 3 points per dollar, this card deserves a in... Cards can actually complement each other well these categories is respectable each anniversary... The trickiest part of the below links Some of the offers on this site are from companies which... They both have high annual fees is because these two cards as complements rather than substitutes Centurion guest... Like individuals, teams develop their skills, the Sapphire Reserve, and how introductory bonus not. Equal to 10 % of your total purchases made the previous year cards as complements rather than.! Qualify for 5 points per dollar, this card shines for this use, but its not as.