The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Access your favorite topics in a personalized feed while you're on the go. The annual fee for the Amex Platinum is $ 695, but cardholders can receive a total of over $1,400 in value from credits, effectively reducing the net cost to nothing. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Compare the cost in points or miles to cash, and see which option is best. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. We frequently receive products free of charge from manufacturers to test. Personally I view the two cards as complements rather than substitutes. This card shines for this use, but overall the star ratings may differ when compared to other cards. Some have transfer ratios below 1:1, have longer transfer times (which means you risk watching your award space disappear) or simply dont have reasonably priced redemption options. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of 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 The Platinum Card from. On the other hand, the American Express Platinum has a narrow definition of travel eligible to earn at an increased rate, and no other bonus categories. Ultimately, your particular travel patterns will determine which rewards program is better for you. Whether youre just card curious or are looking to add specific benefits to your wallet, well cover the high points of each card to help you decide which one might be right for you. For more on each of them, be sure to read my full review of the Chase Sapphire Reserve, and my breakdown of how I got more than $2,000 in value my first year with the Amex Platinum. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). INVESTING. this card independently, rather than in comparison to another 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. Does it make sense to have Amex Gold and Chase Sapphire Reserve? Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Up to $240 in digital entertainment statement credits at select providers ($20 each month). Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. 1.25 cents per point to cover your annual fee. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? TheAmex Platinum has a $695 annual fee If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. fees? Please visit americanexpress.com/benefitsguide for more details. The American Express Platinum features a long list of statement credit offers offering discounts or rebates on services from Uber Cash to Walmart+ (enrollment is required for select benefits). For rates and fees of the Amex Platinum card, please click here. Currently, the Sapphire Reserve offers a 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening, worth $1,200 according to TPG valuations. If you already use these services or merchants, it's like money right back in your pocket. When you're working to earn credit-card rewards, it's important to practice financial discipline, like paying your balances off in full each month, making payments on time, and not spending more than you can afford to pay back. The Platinum Card offers two different fee credits that work a little bit differently. This section explains the subject of divorce law in New Jersey. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Enrollment required. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. Terms, Conditions and Limitations Apply. Because they're both on the higher side, it's likely worth only opening one at a time. Amex Platinum. Bottom line. View the current offers here. Please visit americanexpress.com/benefitsguide for more details. Basically, treat your credit card like a debit card. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? 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. With either card, youll earn rewards with every purchase. Please check out our advertiser policy for further details about our partners, and thanks for your support! The Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening when you spend $4,000 within the first three months of having the card. Terms, Conditions and Limitations Apply. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. United customers should look at the United Club Infinite Card. The $300 annual travel credit is automatically applied to a wide range of purchases. While you'll get the value back, you still have to pay it up front. However, the Amex Platinum offers up to $200 in Uber credits annually, up to a $100 annual credit for purchases made at Saks Fifth Avenue, Global Entry or TSA PreCheck application fee credit, up to $200 in annual hotel credits, up to $200 in annual airline fee credits, up to $300 annually in statement credits for an Equinox digital or club No, those numbers are not typos. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. Customize Reject All Accept All Customize Consent Preferences Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. Plus, your own feed of TPG content. This compensation comes from two main sources. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Amex Platinum. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. Enjoy access to more than 1,400 airport lounges worldwide through the Global Lounge Collection. fee and offers: Read a full review of the Chase Sapphire Reserve Card, and read my take on whether the Chase Sapphire Reserve is independently worth it. Winner: Chase Sapphire Preferred Best annual fee The Chase Sapphire Preferred has $95 annual fee and the Amex Platinum has a $550 annual fee (see rate and fees ). Please visit americanexpress.com/benefitsguide for more details. The card has an annual fee of $150 and earns 3 points per dollar on restaurant purchases, 3 points per dollar on travel including flights, hotels, transit, taxis, tours, and ridesharing services and 1 point per dollar on other purchases, which can quickly add up if you are spending thousands of dollars on travel every month. However, since earning the welcome offer, I don't often use my Platinum Card for everyday spending unless I need to in order to to get a certain benefit or unlock an Amex Offer. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. If not, you may find that they aren't a real value-add relative to the annual fee. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. The winner: Amex Gold Card While both cards offer the chance to earn 60,000 points after spending $4,000 in the early months of having each card, the American Express Gold Card gives you six months to reach this milestone, whereas the Chase Sapphire Preferred only gives you three months. Here's the full list of Chase's transfer partners. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. Underwritten by New Hampshire Insurance Company, an AIG Company. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. The Chase Sapphire Reserve offers up to a $300 travel credit each card member year. Try BYJUS free classes today!No worries! The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. On quick thought, that makes sense. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. It's automatically applied to your first $300 in travel and transit spending, covering those purchases (or, if one single purchase is larger than $300, covering the first $300 of it). Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. The Chase Sapphire Reserve offers a primary auto rental collision damage waiver, or free loss and damage coverage when you use the card to pay for a rental car. Eligibility and Benefit level varies by Card. And we haven't even gotten to the rewards yet. Terms apply to the offers listed on this page. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. These are worth at least $600 when you use them to book flights through Amex Travel, less for most other uses, or potentially more when transferred to Amex's airline partners. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. 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. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . Our points-obsessed staff uses a plethora of credit cards on a daily basis. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. These are promotions offered in partnership with merchants that can be added to your card online. Search For: Get cheap travel tips to your inbox! Eligibility and Benefit level varies by Card. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Capital One Venture X Rewards Credit Card . We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Eligibility and Benefit level varies by Card. Please visit americanexpress.com/benefitsguide for more details. Becky Pokora is an avid traveler with a particular love for the outdoors. 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. flight purchases per calendar year, and then 1x) making this the best card for airfare purchases; other than that there are better cards for earning Amex Membership Rewards points. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. This post contains references to products from one or more of our advertisers. Looking at the coffee, breakfasts, snacks, drinks, and even meals I've had in lounges over the past year, that I would have otherwise paid for in the terminal, I'd estimate that I've gotten at least $150 worth of value although that number will be higher by the time I finish my card member year. Access is exclusive for Platinum and Centurion (Black) cardholders. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. Next, there's an airline fee credit each calendar year**. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. Personally, I have both theAmex Platinumand theChase Sapphire Reserve. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Cost includes $12.95 plus applicable local sales tax. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, 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. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. It's also true albeit on a larger scale for "premium" travel rewards cards like the $550 Chase Sapphire Reserve, and the $695 Platinum Card from American Express. Terms, Conditions and Limitations Apply. Editor's note: This is a recurring post, regularly updated with new information and card details. Plus, enjoy premium rental car status with Avis, Hertz and National. Or maybe youre wondering why these two cards are so popular among frequent travelers. 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