Up to $200 annual prepaid hotel statement credit. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. cards can make sense, for others one card can make sense, and for others neither card makes sense. Chase offers no equivalent benefit. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. Information provided on Forbes Advisor is for educational purposes only. 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 ). This is the best points offer ever for this card! Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. Points are worth 1 cent each when redeemed as cash back. If you buy them, we get a small share of the revenue from the sale from our commerce partners. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Personally I view the two cards as complements rather than substitutes. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. The catch is that not everyone is going to use all of those credits. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Chase Dining purchases made through the Ultimate Rewards portal. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Theyoffer snacks, breakfast, complimentary soft and alcoholic drinks, sometimes more substantial food during meal times, fast Wi-Fi, and spacious, comfortable seats so that you can relax before your flight. Trip cancellation/interruption insurance. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. Enrollment required. 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 cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. fees? See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. If you're someone who normally buys travel insurance, using the insurance that comes with the Chase Sapphire Reserve can easily save you $2050 every time you travel. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. 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. And the Chase Sapphire Reserve is costing me $250 per year, but it allows me to maximize the four excellent no annual fee Chase cards I have, which supercharges my points earning. Right on! Keep in mind that we're focusing on the rewards and perks that make these cards great options, not things like interest rates and late fees, which can far outweigh the value of any rewards. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. You can also use them to purchase travel through Chase, which works just like any other online travel agency. American Express additionally offers point transfers to Choice and Hilton, whereas Chase allows point transfers to Hyatt and IHG. This card shines for this use, but overall the star ratings may differ when compared to other cards. This site does not include all credit card companies or all available credit card offers. Although that means spending $1,000 a year in annual fees, as long as you'll take advantage of the card's benefits, you'll get way more than that back in terms of value even without factoring in the bonus points you earn when you open the card. Editors note: This article is part of a column to answer your toughest credit card questions. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. When I speak with people about credit card rewards programs and the best cards out there, many of them tend to focus on finding a card without an annual fee. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. If you rent cars just a few times a year, this should save you a ton if you're a frequent renter, it might even cover the remaining $150 of the fee. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. A Global Entry or TSA This juggernaut combo is excellent for people willing to pay a high annual fee in exchange for a generous sign-up bonus/welcome offer, valuable earning rates, travel perks and a slew of benefits. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. The Chase Sapphire Preferred doesn't offer 5X on "all" airfare like Amex Platinum, but again, it's a $95 a year card, instead of $695 like Amex Platinum. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. 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. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. 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). In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). 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. Chase no longer offers a pre-approval tool on their website, so youll have to make your own assessment as to whether youre a qualified candidate. Find the right card for you. Airfare booked through the Ultimate Rewards portal. Just decline the collision/damage/loss coverage offered by the rental agency. Theres a minimum earning rate of 1 point per dollar spent. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. Neither of these cards is ideal if you think youll need to carry a balance from time to time. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. 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. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. Basically, treat your credit card like a debit card. $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Ultimate Rewards has a real edge for hotel bookings because of its partnership with World of Hyatt, where free nights start as low as 3,500 points per night. For some travelers, that. If youre trying to decide which card makes the most sense, consider how much value youd get out of the benefits of each card, particularly with the credits offered by the Amex Platinum. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. Next, there's an airline fee credit each calendar year**. This is $1000 per month of required spending. Chase Sapphire Preferred Card . Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. 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. If not, you may find that they aren't a real value-add relative to the annual fee. We'll run a soft credit check to find special offers, but it wont affect your credit score. Compare the cost in points or miles to cash, and see which option is best. 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. 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. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. Card Members are responsible for the costs charged by third-party service providers. Please visit americanexpress.com/benefitsguide for more details. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. This is just one scoring method and a credit card issuer may use another method when considering your application. Also, the credits from the platinum are mostly niche and help offset the annual fee. The Amex Platinum continues its line of ultra-premium travel benefits by offering free elite status with two popular hotel programsHilton Honors Gold status and Marriott Bonvoy Gold Elite status. Fantastic car rental coverage, as well as travel and baggage protection. The airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. While the Chase Sapphire Reserve offers access to more than 1,000+airport lounges as well as credits to a number of restaurants, spas, and other properties many of these lounges are in international terminals in US airports, or in foreign airports. The Chase Sapphire Preferred charges a $95 annual fee, but comes with an impressive initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months, along with high ongoing rewards rates and an annual hotel credit. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. Youll earn 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. On the surface, 3 points per dollar on these categories is respectable. But wait! Many of these cards offer solid value, especially if youre loyal to the underlying brand. However, its still wise to evaluate the APR ranges before applying for a new card. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. The Chase Sapphire Reserve's annual fee is slightly lower at $550. Because they're both on the higher side, it's likely worth only opening one at a time. 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. However, Amex offers transfer bonuses regularly, stretching your balance farther. 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. We highlight products and services you might find interesting. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). PreCheck credit (This benefit applies once every 4.5 years for the application fee for TSA PreCheck and every 4 years for Global Entry), Access to the Amex International Airline Program, which can save you money on premium international airfare, Access to Amex Fine Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card Sometimes you can even be reimbursed for airline gift cards that you can apply toward tickets, even though this is an unpublished benefit do some Googling to see whether that works on your airline of choice. The welcome offer alone is worth $2,000, according to TPG valuations. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. Let me share my math, based on my own situation. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. 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? Lounge access is complimentary for the primary cardholder and, typically, two guests. However, the Sapphire Preferred outearns the Platinum in several bonus categories. On quick thought, that makes sense. The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. We may receive compensation when you click on links to those products. 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. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. Points transfer to participating partner programs at a 1:1 ratio. Performance information may have changed since the time of publication. This site does not include all credit card companies or all available credit card offers. Does it make sense to have Amex Gold and Chase Sapphire Reserve? These two popular cards are often mentioned in an either-or scenario. Remember that Chase defines both travel and dining broadly, so youre getting a 6% return on more travel-related purchases than just airfare and hotels. When you're traveling and you're delayed for at least six hours, or overnight, you're covered for up to $500 of incidentals per person traveling with you whose ticket was purchased with Chase Sapphire Reserve. For rates and fees of The Platinum Card from American Express, please click here. 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. 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. We welcome your feedback. Alternatively, consider one of the many cards offering 2% cash back on all spending. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Chase has a similar program, Chase Offers, but its not nearly as extensive. Often the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit card to travel loyalty programs. 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. While they are both excellent travel . Note that there is a two-night minimum stay for The Hotel Collection bookings. Eligibility and Benefit level varies by Card. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. United rolls out free fleetwide Wi-Fi for select flyers. You might be using an unsupported or outdated browser. Normally, you would need to stay for 40-50 nights to earn that level of status, so if you stay anything less than that but often enough to use the benefits this can come in extremely useful. Our points-obsessed staff uses a plethora of credit cards on a daily basis. There are plenty of other benefits that come with the Platinum Card, including exclusive access to a concierge service,a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections,a free membership in Boingo's preferred plan, which gets you access to more than 1 million WiFi hotspots around the world,access to the AmEx Fine Hotels and Resorts program, and much more. Please visit americanexpress.com/benefitsguide for more details. Chase Sapphire Preferred Card vs. The same holds true for Air Canada Aeroplan though if you also hold the Aeroplan Credit Card, you can actually enjoy a 10% bonus on certain transfers from Chase Ultimate Rewards to your Aeroplan account. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. The Chase Sapphire Reserve introductory bonus is not as generous. Enrollment required. CREDIT MONITORING. United customers should look at the United Club Infinite Card. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. The Platinum Card earns 5x points per dollar spent on flights purchased directly from the airline or Amex Travel, or pre-paid hotel bookings made through Amex Travel (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year), and one point per dollar on everything else. This compensation comes from two main sources. 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. Terms apply to the offers listed on this page. $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. Both cards also offer a travel assistance service which can make medical and legal referrals, but the costs of services provided are the responsibility of the cardholder. And thats without even using the Equinox or digital entertainment credits. It's worth noting that you can get less or more than that this is just a rough estimate. Although the Priority Pass Select membership that comes with this card no longer allows you to access participating restaurants (you can with a Chase-issued Priority Pass membership), the access to Amexs wide collection of Centurion Lounges and Delta Sky Clubs on same-day Delta flights should be enough to make up for that. TheChase Sapphire Reserve has a $550 annual A Priority Pass membership. Plus, your own feed of TPG content. The card also comes with trip cancellation/interruption coverage. The Forbes Advisor editorial team is independent and objective. But who wants to pay $1,245 in annual For many, the $500-plus annual fees that come with ultra-premium travel cards such as the Chase Sapphire Reserve and The Platinum Card from American Express aren't justifiable. 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. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. It earns one point per dollar on everything else. Nowadays premium credit cards are more popular than ever before. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. No, those numbers are not typos. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. If you have multiple points-earning cards from Amex or Chase, The Chase Sapphire Reserve card earns Ultimate Rewards points and the Amex Gold card earns Membership Rewards points, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card, both issuers allow you to combine the points you earn under the same account, Basics of the Chase Sapphire Reserve Card, Why the cards are complements, not substitutes. Meanwhile, the Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 in the first three months from account opening. The Amex Platinum offers 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. With its $695 annual fee (see rates and fees), the Amex Platinum is currently offering new applicants 80,000 Membership Rewards points after they spend $6,000 on purchases in the first six months of cardmembership. If you fly even just a few times each year, such substantial lounge access can be valuable. We operate independently from our advertising sales team. To view rates and fees for The Platinum Card from American Express please visit this page. With that in mind, what do I recommend for people who ask me which card they should get? Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. View the current offers here. To me that means the card has a real out of pocket of $250 annually, and for that you receive 3x points on dining and travel, the ability to maximize the value of We frequently receive products free of charge from manufacturers to test. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. In When you get the card, be sure to flip through the benefits guide. Is that even a thing? That being said, the math truly does check out for me on both cards. Please check out our advertiser policy for further details about our partners, and thanks for your support! Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? It will automatically apply to a broad range of travel purchases, while the $200 Amex airline credit only applies to select fees such as seat assignments or checked bags and you're limited to a single airline you designate each year. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. Read our guide on the best ways to use Chase Ultimate Rewards points . Terms, Conditions and Limitations Apply. Many of these cards are also available with no annual fee. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. Check here before booking an award fare. Both cards can potentially offer outsized value, but theyre very different from one another. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Both can easily justify the card's annual fee in your first year. Even more places your Platinum card both offer totally different earning structures also available with annual. Not include all credit card having both amex platinum and chase sapphire preferred, Juan is maximizing his points and miles premium! The cost in points or miles to cash, Amex blue cash Preferred, Chase offers but!, stretching your balance farther and American Express membership Rewards allow having both amex platinum and chase sapphire preferred to convert your Rewards to partnering flyer! Delta SkyMiles, Hawaiian Airlines and Air Canada complimentary entry and exclusive perks fleetwide Wi-Fi for select flyers membership. Just one scoring method and a credit card companies or all available credit like. 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