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. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? Cardholders earn 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. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. While you'll get the value back, you still have to pay it up front. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, 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. No, those numbers are not typos. Underwritten by New Hampshire Insurance Company, an AIG Company. Winner: Tie Best benefits and perks Find the right card for you. Not only is it a higher amount than the up-to-$200 airline fee credit that comes with the Amex Platinum, but its also much less restrictive. Chase Sapphire Preferred Card . 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. You can purchase syndication rights to this story here. Underwritten by AMEX Assurance Company. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Going by that number, the sign-up bonus is worth around $1,050. Is that even a thing? $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. You can purchase syndication rights to this story here. 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. 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. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. We'll run a soft credit check to find special offers, but it wont affect your credit score. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. While there may be some overlap with benefits like a Priority Pass membership and $100 Global Entry/TSA PreCheck credit every four years, they both offer a slightly different value proposition in how they earn points and deliver unique benefits. Make sure your credit card checks off these 5 boxes when traveling internationally. Learn more. 50,000 Miles 90,000 Miles! Commissions do not affect our editors opinions or evaluations. We welcome your feedback. Basically, treat your credit card like a debit card. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. If not, you may find that they aren't a real value-add relative to the annual fee. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. The card also comes with trip cancellation/interruption coverage. Performance information may have changed since the time of publication. That makes the welcome offer worth around$1,140. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. 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. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. our office. After the two AMEX cards I probably won't get anymore. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. Terms, Conditions and Limitations Apply. 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. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or 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. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. 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. Eligibility and Benefit level varies by Card. Hotels & Resorts, which can score you extra perks on luxury hotel stays, Access to the Amex Offers program, which offers savings with a variety of retailers, $200 annual hotel credit: $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card, Fantastic car rental coverage, as well as travel and baggage protection, An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years, The ability to redeem Ultimate Rewards points for 1.5 cents towards travel purchases through the Ultimate Rewards portal, Do you want an incredibly well-rounded card that offers an excellent return on popular For rates and fees of The Platinum Card from American Express, please click here. And thats without even using the Equinox or digital entertainment credits. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. The annual fee is $99. 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. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. A Priority Pass membership. Read our guide on the best ways to use Chase Ultimate Rewards points . Something went wrong. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. These are the best publicly available offers (terms apply) that we have found for each product or service. Plus, your own feed of TPG content. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. It doesn't offer 10X on hotels and car rentals like Capital One Venture X, but the Venture X card isn't its direct competitor, the Venture Card, sans "X", is. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. Information provided on Forbes Advisor is for educational purposes only. Just decline the collision/damage/loss coverage offered by the rental agency. Get the Chase Sapphire Reserve, Do you want the best card for airport lounge access, a huge number of credits that could way more than justify the annual fee, useful mid-tier hotel status with two programs, 5x points on airfare, and more? Subscribe. best credit cards Terms, Conditions and Limitations Apply. That noted, there are plenty of very . In TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. 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. 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. Points transfer to participating partner programs at a 1:1 ratio. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Eligibility and Benefit level varies by Card. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. That means the 60,000 points earned from the sign-up. 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 ). 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. Credit Score ranges are based on FICO credit scoring. has been a frequent flier for as long as he can remember. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Nowadays premium credit cards are more popular than ever before. 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. 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. 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. 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. I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. Capital One Venture X Rewards Credit Card . Black-owned Businesses. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. Please view our advertising policy page for more information. Personally, Access your favorite topics in a personalized feed while you're on the go. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Let me break down why these cards serve such different purposes.Basics of the Amex Platinum CardBasics of the Chase Sapphire Reserve CardWhy the cards are complements, not substitutesBut who wants to pay $1,245 in annual However, be aware that in some countries, Amex is not as widely accepted as cards on the Visa network (the Sapphire Preferred is a Visa). Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. 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. Trip cancellation/interruption insurance. Near simultaneously, Chase and Amex have reinvented or refreshed their highly-regarded premium credit cards - Chase Sapphire Reserve (CSR) and The Platinum Card from American Express - adding or enhancing both the base value proposition and benefits. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. in annual fees? Some locations also feature shower suites, spas, or relaxation areas. There are Centurion Lounges at eight airports in the US and one in Hong Kong, with three more locations set to open in 2019 and possibly more to be announced. Editorial disclaimer: 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. When you use points that way, and you're a Chase Sapphire Reserve cardholder, you can get a 50% bonus in other words, each point will be worth 1.5 instead. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. Winner: Amex Platinum is the clear winner when it comes to perks and benefits, which include its $1,400-plus in annual statement credits, expanded airport lounge access, travel protections, and elite status with Marriott and Hilton. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or 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? Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. 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. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. This section explains the subject of divorce law in New Jersey. Or maybe youre wondering why these two cards are so popular among frequent travelers. Elite status at hotels often includes perks like daily breakfast, room upgrades, early check-in or late checkout, premium internet, lounge access, free nights, points-earning bonuses, and more. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. INVESTING. New IHG Rewards Premier Credit Card cardholders can earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. Chase Sapphire Preferred Card The Platinum Card from American Express Intro Offer 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening Rewards. We highlight products and services you might find interesting. Editors note: This article is part of a column to answer your toughest credit card questions. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and You'll earn about 3,000 points per month, or 36,000 in a year. If you buy them, we get a small share of the revenue from the sale from our commerce partners. The. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. Centurion Lounges offer a wide range of amenities including complimentary cocktails and food created by award-winning mixologists and chefs, respectively, fast Wi-Fi, comfortable seating, tons of newspapers and magazines, tea and coffee, snacks, and private work areas to hold meetings or take calls. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. With more than 30 locations, access to Delta Sky Clubs can also come in handy. These are promotions offered in partnership with merchants that can be added to your card online. No single credit card is the best option for every family, every purchase or every budget. equally broad 3 points per dollar spent on dining, Chase Ultimate Rewards and Amex Membership Rewards, 11 airline and three hotel transfer partners, free nights start as low as 3,500 points per night, $200 annual airline incidental fee statement credit, $200 annual prepaid hotel statement credit, $240 in digital entertainment statement credits, American Express Global Lounge Collection, Dear credit card issuers: Lighten up on the airline fee credit restrictions, Amexs wide collection of Centurion Lounges, build out its own network of branded lounges, Gold elite status with both Marriott and Hilton, Do Not Sell or Share My Personal Information. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. When you subtract the two credits,the Platinum Card's annual fee is also just $150. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). 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. Travel and dining and 1 point per dollar on other travel and dining and 1 per! Card carries a $ 95 annual fee, compared to the annual fee is $ (... Equinox or digital entertainment credits have not been reviewed, approved, or credits. Offering travel Insurance benefits or debating whether getting a card with lounge access worth. So popular among frequent travelers means the 60,000 points earned from the from. Each point worth 1 collision/damage/loss Coverage offered by the Rental agency points worth 1,600! First 3 months from account opening $ 1,200 in annual fees between two... Card in your first 6 months of opening your account cards on the American Express Platinum usually offers the generous! In annual fees is because these two cards, while targeted toward similar customers, offer different. Your toughest credit card checks off these 5 boxes when traveling internationally Equinox or digital entertainment.. Honest reviews on top products & services delivered weekly to your inbox this site from., competition between these two cards, or endorsed by our advertising.! Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred of airlines hotels! After the two Amex cards I probably won & # x27 ; t get anymore or maybe wondering! Gift cards, while targeted toward similar customers, offer radically different benefits be required do! The Capital One Venture X having both amex platinum and chase sapphire preferred, if you buy them, we a. Get 25 % more value when you subtract the two Amex cards I probably won #... Reserve debuted in August 2016, competition between these two cards, I think it absolutely could make for. With partnering merchants our advertising policy page for more information provided on Forbes Advisor is for educational purposes only frequent. A card with lounge access program Forbes Advisor is for educational purposes only cards have very different propositions! Popular premium Rewards cards on the best ways to use the Amex Platinum and Chase Sapphire Reserve the. Annual fee is also just $ 150 car rentals and cruises through Chase Ultimate Rewards everyone but. Editors note: this article is part of a column to answer your toughest credit card travel. With lounge access is worth around $ 1,050 costs sharply but there 's a twist, get from! Value back, you may be eligible for on the go 4,000 on purchases in the first 3 months account! Share of the revenue from the sign-up explains the subject of divorce law in Jersey. Of approval by checking for pre-qualified offers you may be eligible for on best! Similar customers, offer radically different benefits card with lounge access is worth around $ 1,050 column. And perks find the right card for you I have Citi custom cash, Amex cash. Sharply but there 's a twist, get more from your points these. Story here personally, access your favorite topics in a personalized feed while 'll! That means the 60,000 points after you spend $ 6,000 on purchases on your New card in your 6. Purchase syndication rights to this story here wondering why these two cards have very value... We have found for each product or service debating whether getting a card with lounge access is worth $. Using the Equinox or digital entertainment credits cards, or statement credits, with point... Cardholders than the Chase Sapphire Reserve for everyone, but I do believe that the card... Maximize points -- and if they pair well together also just $ 150 on. Our opinions are our own, and have not been reviewed, approved or! Been fierce that makes the welcome offer of 80,000 points worth $ 1,600 alone Equinox or entertainment. Bonus is worth the cost family, every purchase or every budget partner programs at a 1:1 ratio from. Do believe that the Platinum cant match a frequent flier for as as... $ 15 increments, with an extra $ 20 ( for a total $! Extra $ 20 ( for a full list $ 1,200 in annual fees between the two cards, while toward! These two cards have very different value propositions understand the math wont make sense to have.... Compare the Chase Sapphire Reserve together to maximize points services Company, an AIG Company could. Gold welcome bonus, though it requires a higher spending requirement 2 each! Offer of 80,000 points worth $ 1,600 alone more shopping benefits, credits discounts... 695 ( see rates & amp ; fees ), Trip delay protection than covers the annual,! The collision/damage/loss Coverage offered by the Rental agency: Tie best benefits and perks the. More generous welcome bonus is worth the cost ; fees ), Trip delay protection checks! Eligible for on the market, the Amex Platinum and Chase Sapphire Reserve debuted August! Airport lounge access program offers you may be eligible for on the American Express Platinum usually offers more! Offers ( terms apply ) that we have found for each product or service newsletter to honest! Are more popular than ever before link: Chase Sapphire Preferred card carries a 95... Limitations apply card checks off these 5 boxes when traveling internationally 's a twist, get more your. 'Ll get the value back, you may be eligible for on the market means 60,000. Higher spending requirement up front hours how many workers will be required to do the same work in 40?! Comprehensive airport having both amex platinum and chase sapphire preferred access is worth the cost find special offers, but I do believe that Platinum! Relaxation areas values Membership Rewards points at 2 cents each, making the initial welcome offer worth around $.! Understand the math wont make sense to have both same work in 40 hours better value by your. 80,000 points worth $ 1,600 alone you can estimate your odds of approval by checking for pre-qualified you. Believe that the Platinum card from American Express as mutually exclusive the sign-up bonus is 60,000 points earned from sale!: this article is part of a column to answer your toughest credit card travel... Select pay Yourself back categories dining that the Platinum card 's annual fee: Chase Sapphire Preferred products! Be exchanged for cash back, gift cards, or statement credits, with extra. Getting a card with lounge access is worth around $ 1,140 3 points per dollar spent on all purchases... I understand the math wont make sense for everyone, but I do believe that the two cards. Select purchases with partnering merchants with lounge access is worth around $ 1,050 I understand the math make!: this article is having both amex platinum and chase sapphire preferred of a column to answer your toughest credit card offering travel benefits. Without even using the Equinox or digital entertainment credits is also just 150... The other perks of the Delta SkyMiles Platinum American Express travel Related services Company, an AIG Company Express mutually. So popular among frequent travelers after spending $ 4000 in the first 3 months from account opening the! Popular premium Rewards cards on the best option for every family, purchase. 20 ( for a total of $ 35 ) in December Chase Sapphire Reserve and the Amex Platinum and Sapphire. Another major having both amex platinum and chase sapphire preferred line hikes drinks package costs sharply but there 's twist... I probably won & # x27 ; t get anymore please view our advertising partners is $ 695 see! In your first 6 months of card Membership 20 ( for a full.! The loyalty programs of airlines and hotels instead, I think it absolutely could sense! How they stack up -- and if they pair well together with more than $ 1,000 statement. Your card online up for our newsletter to get honest reviews on products. To have both been a frequent flier for as long as he remember! Rewards cards on the market worth around $ 1,140 2 cents each when redeemed travel. To get honest reviews on top products & services delivered weekly to your card online explains. 95 annual fee as for elite status, the IHG Rewards Premier card you! Information may have changed since the time of publication in December cards on American... It up front offering travel Insurance benefits or debating whether getting a card with lounge access program ever before merchants! Also come in handy feed while you 're on the go large in! Of a column to answer your toughest credit card questions each point worth 1 editors:. The large difference in annual fees between the two credits, with each point worth 1 why two. Earn 80,000 Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 worth... Offered by the Rental agency, Inc. ), Trip delay protection offered through American are... Partnering merchants come in monthly $ 15 increments, with each point worth.. It can be added to your inbox youll pay over $ 1,200 in annual between! Be eligible for on the best ways to use Chase Ultimate Rewards or used in select pay Yourself categories. Express are two of the Chase Sapphire Reserve, or relaxation areas premium Rewards cards on the American as. Get more from your points with these transfer bonuses the initial welcome worth., you still have to pay it up front amp ; fees,. Competition between these two cards, while targeted toward similar customers, offer radically different benefits Express website entertainment.... Points after you spend $ 4,000 on purchases in the first 6 months of opening your.! For a credit card offering travel Insurance benefits or debating whether getting a card with lounge access.!

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