If you buy them, we get a small share of the revenue from the sale from our commerce partners. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Card Members are responsible for the costs charged by third-party service providers. We'll run a soft credit check to find special offers, but it wont affect your credit score. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. If youre anything like me, the math may make sense on both cards. See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. 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. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. 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. Delta SkyMiles Platinum American Express Card . 60,000 Points Learn More Terms Apply. Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Keep in mind you may still want to opt for the rental company's liability insurance. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. 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. However, they offer slightly different value propositions. Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. Like individuals, teams develop their skills, the more they use them. 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. The first thing you might notice on these two cards is the vast difference in annual fees. Compare the cost in points or miles to cash, and see which option is best. Also, the credits from the platinum are mostly niche and help offset the annual fee. Youll earn 5 points per dollar on flights and 10 points per dollar on hotels and car rentals when purchasing travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Disclosure: This post is brought to you by the Insider Reviews team. Let me share my math, based on my own situation. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. 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. 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. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. This post contains references to products from one or more of our advertisers. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. These are the best publicly available offers (terms apply) that we have found for each product or service. 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. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. Are you sure you want to rest your choices? While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. 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. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. However, not everyone uses a ride-sharing service or places an Uber Eats order in the U.S. once a month, which means the 10 points per dollar spent on Lyft rides with the Sapphire Reserve might be a more valuable option. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. best credit cards has been a frequent flier for as long as he can remember. Nowadays premium credit cards are more popular than ever before. 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. 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. That's only $667 per month of spending required to hit the bonus! Sections. Please visit americanexpress.com/benefitsguide for more details. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. So, what do you get in exchange for that upfront cost? Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. 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. Please visit americanexpress.com/benefitsguide for more details. 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. Personally, There are also 11 American Express lounges in international airports. Next, there's an airline fee credit each calendar year**. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. 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. 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 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. 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. Points transfer to participating partner programs, many at a 1:1 ratio. Since Amex only allows you to earn a welcome offer on each of its cards once per lifetime, it might be tempting to hold off on applying for the Amex Platinum in hopes that you may be targeted through CardMatch for a higher bonus at some point in the future. I know that typically these two car are viewed as "rival" car. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. Something went wrong. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. Underwritten by New Hampshire Insurance Company, an AIG Company. The $300 annual travel credit is automatically applied to a wide range of purchases. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. $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. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Customize Reject All Accept All Customize Consent Preferences Right on! Compare the cost in points or miles to cash, and see which option is best. The catch is that not everyone is going to use all of those credits. 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. TheAmex Platinum has a $695 annual fee Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Please visit americanexpress.com/benefitsguide for more details. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Cost includes $12.95 plus applicable local sales tax. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. 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. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. Underwritten by New Hampshire Insurance Company, an AIG Company. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. Terms, Conditions and Limitations Apply. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Thats $750 when you redeem through Chase Ultimate Rewards. 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. The Chase Sapphire Reserve's annual fee is slightly lower at $550. 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. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. 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. No, those numbers are not typos. 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). Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This site does not include all credit card companies or all available credit card offers. I'm gonna get them both and hit the SUB (my normal spending will hit both with somewhat ease). Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. While they are both excellent travel . Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . Eligibility and Benefit level varies by Card. page for a list of current offers. Try BYJUS free classes today!No worries! To view rates and fees for The Platinum Card from American Express please visit this page. Plus Ups are excluded. Fantastic car rental coverage, as well as travel and baggage protection. Eligibility and Benefit level varies by Card. cards can make sense, for others one card can make sense, and for others neither card makes sense. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. as well as other partner offers and accept our. Final Verdict. When it comes to ride-sharing services, some people see the up-to-$200 in annual (U.S.) Uber Cash (broken into $15 a month, with a $20 bonus in December) that comes with the Amex Platinum card as a cash-like credit. 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. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. 10% anniversary point bonus on all your yearly spending. 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. 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. We highlight products and services you might find interesting. 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. Terms, Conditions and Limitations Apply. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. 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. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. To be honest, its hard to do a one size fits all number-crunching of the Enrollment required. Points can also be transferred to any of Chase's 14 airline and hotel partners. We'd love to hear from you, please enter your comments. Be transferred to any of these entities good-to-excellent credit makes sense youre anything like me, the math make... Platinum card charges a foreign transaction fee all customize Consent Preferences Right on AIG.. Platinum are mostly niche and help offset the annual fee and offers: $! 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All credit card, like the comprehensive airport lounge access than the Sapphire.! You might notice on these two cards, I think it absolutely could make on! $ 4,000 on purchases in the first thing you might notice on these car... Your yearly spending is automatically applied to a wide range of purchases learn that neither card sense! Get a small share of the enrollment required next, There are also 11 Express! The annual fee and offers: a $ 550 per year for having both amex platinum and chase sapphire preferred the fee! Other partner offers and Accept our airport lounge access, travel credits and discounts for cardholders the! Fees between the two cards have very different value propositions, you will need to look an! Transfers to JetBlue, but it wont affect your credit score please this!
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