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. TheAmex Platinum has a $695 annual fee Card Members are responsible for the costs charged by third-party service providers. 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. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per dollar on flights booked directly with airlines or AMEX travel. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. These are provided as guidelines only and approval is not guaranteed. 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. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. Terms, Conditions and Limitations Apply. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. Information provided on Forbes Advisor is for educational purposes only. Winner: Tie Best benefits and perks Airfare booked through the Ultimate Rewards portal. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. The Chase Sapphire Reserve introductory bonus is not as generous. 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. Both Chase and American Express partner with Marriott. Want to make sure youre maximizing every purchase like a points expert? as well as other partner offers and accept our. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. Please visit americanexpress.com/benefitsguide for more details. Email us at reviews@businessinsider.com. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. 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. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. For an explanation of our Advertising Policy, visit. If your budget allows, consider using the designated spending period to make major purchases you were planning on anyway, such as home appliances, car repairs or electronics. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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. Lets take a look below at the most popular and valuable perks available (note that enrollment is required for select benefits): Up to $200 annual airline incidental fee statement credit. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. 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. Personally, I have both cards in my wallet and use them for different purposes. That's worth $360 as cash, $540 as travel purchased through Chase, and potentially more if you transfer them to a frequent flyer partner and redeem them for premium travel. Weve got your back. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. 1.25 cents per point to cover your annual fee. Related: The best travel credit cards of 2023. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . 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. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. 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. Are you sure you want to rest your choices? Underwritten by New Hampshire Insurance Company, an AIG Company. The Platinum Card offers two different fee credits that work a little bit differently. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. While the Amex Platinum does pull ahead on most airfare purchases (with a terrific 10% return), the Chase Sapphire Reserve pulls ahead for dozens of other travel expenses, including most hotels, ride-sharing services, parking fees, tolls, tours and more. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. 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. You could also buy gift cards for brands you know you shop with oftenfor example, buying Amazon gift cards before the holidays or Airbnb gift cards ahead of a summer road trip. 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. our office. Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. Money. 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. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). There are also 11 American Express lounges in international airports. The same can be said of certain perks on the Amex Platinum including statement credits with Saks Fifth Avenue, Clear and select digital entertainment providers. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. We welcome your feedback. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. (Rates & Fees). The has been a frequent flier for as long as he can remember. 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. We frequently receive products free of charge from manufacturers to test. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Plus, your own feed of TPG content. Let me share my math, based on my own situation. We'd love to hear from you, please enter your comments. This is just one scoring method and a credit card issuer may use another method when considering your application. Up to $200 annual prepaid hotel statement credit. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. Winner: Chase Sapphire Reserve comes out on top for redemption options since it offers a 1:1 transfer ratio for all of its airline and hotel partners, the Pay Yourself Back feature and more flexibility with its 50% bonus for travel booked in Ultimate Rewards. Eligibility and Benefit level varies by Card. These are the best publicly available offers (terms apply) that we have found for each product or service. The CSR has a $550 annual fee and the Amex Platinum has a $695 annual fee but military troops and spouses get the fee waived to $0. 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? I know that typically these two car are viewed as "rival" car. Some people give Chase the edge since it partners with more programs you may already be familiar with and includes Hyatt (arguably the most lucrative hotel program based on the value of its points). For the sake of this article, let's assume you don't get any extra value from spending on the card, and only from the benefits. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card Learn more. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. 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. Terms, Conditions and Limitations Apply. Check here before booking an award fare. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. Delta SkyMiles Platinum American Express Card . If not, you may find that they aren't a real value-add relative to the annual fee. Underwritten by New Hampshire Insurance Company, an AIG Company. 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. Neither of those are particularly noteworthy benefits among premium credit cards. Please check out our advertiser policy for further details about our partners, and thanks for your support! On quick thought, that makes sense. Here's the full list of Chase's transfer partners. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. There are two long-standing titans of the premium card market. For some people both 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. And thats without even using the Equinox or digital entertainment credits. To be honest, its hard to do a one size fits all number-crunching of the Please visit americanexpress.com/benefitsguide for more details. 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. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. 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. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. Fantastic car rental coverage, as well as travel and baggage protection. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? No, those numbers are not typos. The Chase Sapphire Preferred Card offers no airport lounge access benefits. Points are worth 1 cent each when redeemed as cash back. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the 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. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. This post contains references to products from one or more of our advertisers. The overlap between groups has ______ in americas residential neighborhoods and workplaces. Past performance is not indicative of future results. * (Underwritten by AMEX Assurance Company. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. in annual fees? Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. At an ultra-premium travel card like the American Express Platinum far, the Amex Platinum includes more shopping,... Not, you have to pay them up front, but you a... 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