The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. Please visit americanexpress.com/benefitsguide for more details. Is that even a thing? Underwritten by New Hampshire Insurance Company, an AIG Company. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Are you sure you want to rest your choices? Get theAmex Platinum. 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). Improve earnings, maximize rewards and track progress toward dream trips. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? No, those numbers are not typos. 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. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. The foreign transaction fee on both cards is 0%. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. Next, there's an airline fee credit each calendar year**. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). In this area, the Chase Sapphire Preferred Card shines. Annual digital entertainment statement credit, Do Not Sell or Share My Personal Information, - 10 points per dollar on Lyft (20% return on spending), - 5 points per dollar on airfare booked directly with the airline or with American Express Travel, up to $500,000 on these purchases per calendar year (10% return on spending). But wait! By clicking "Accept All", you consent to our use of cookies. Underwritten by AMEX Assurance Company. fees? Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. 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. If you take even just a few trips a year, that should negate the remainder of the annual 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. The following links will direct you to the rates and fees for mentioned American Express Cards. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. For an explanation of our Advertising Policy, visit. 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. CREDIT MONITORING. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. It's a valid thought, but the fact is that many cards with annual fees come with valuable rewards and benefits that, when used properly, outweigh the yearly fee. Please visit americanexpress.com/benefitsguide for more details. There are two long-standing titans of the premium card market. Search For: Get cheap travel tips to your inbox! Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Credit Score ranges are based on FICO credit scoring. 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. Editorial Note: We earn a commission from partner links on Forbes Advisor. Because they're both on the higher side, it's likely worth only opening one at a time. Becky Pokora is an avid traveler with a particular love for the outdoors. In Section 3.4, new literature is explored and the assessment of impacts and projected risks is updated for a large number of natural and human systems. Let me share my math, based on my own situation. 60,000 Points Learn More Terms Apply. This is the best points offer ever for this card! To start, the annual fees are a little bit misleading. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Let me break down why these cards serve such different purposes. This is $1000 per month of required spending. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. 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. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Cost includes $12.95 plus applicable local sales tax. Best Overall: Chase Sapphire Preferred Card. Eligibility and Benefit level varies by Card. Lets start with the Chase Sapphire Reserve. Platinum Card by American Express Interest Rates: Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. 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.In The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Access your favorite topics in a personalized feed while you're on the go. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. 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. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. Plus Ups are excluded. 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 Check here before booking an award fare. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. 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. United rolls out free fleetwide Wi-Fi for select flyers. Want more credit card news and advice from TPG? Learn more. The Chase Sapphire Preferreds current welcome bonus is: 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. For some people both The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. Find the right card for you. Download the free TPG App to start spending like a pro. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. 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. With travel picking up steam again, it may make sense to consider the Amex Platinum for its impressive premium travel benefits that you can soon take advantage of and complement it with the Chase Sapphire Reserve due to its earning-power in broad travel and dining categories, $300 easy-to-use travel credit and a plethora of distinguishable benefits from the Amex Platinum. Underwritten by New Hampshire Insurance Company, an AIG Company. Going by that number, the sign-up bonus is worth around $1,050. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Some of the larger locations feature showers, too. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. Enrollment required. There are also 11 American Express lounges in international airports. We may receive compensation when you click on links to those products. The USDA National Hunger Hotline has information available in both English and Spanish. 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. Please visit americanexpress.com/benefitsguide for more details. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. 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. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. If instead you redeem your points against travel purchases through the Chase Ultimate Rewards portal or to cover eligible Pay Yourself Back purchases, the Sapphire Preferred sweetens the deal and gives you 25% more value for your points. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Traveling for spring break? To view rates and fees for The Platinum Card from American Express please visit this page. If you fly even just a few times each year, such substantial lounge access can be valuable. In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). Terms, Conditions and Limitations Apply. Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. 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. For rates and fees of The Platinum Card from American Express, please click here. CREDIT CARDS. Eligibility and Benefit level varies by Card. 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. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. However, they offer slightly different value propositions. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. Up to $200 annual prepaid hotel statement credit. Disclosure: This post is brought to you by the Insider Reviews team. Access is exclusive for Platinum and Centurion (Black) cardholders. 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. Does it make sense to have Amex Gold and Chase Sapphire Reserve? 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. But who wants to pay $1,245 TheChase Sapphire Reserve has a $550 annual In the right hands, the classic status card's staggering annual fee is well justified. 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? 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. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. Forbes Advisors list of the best cash-back credit cards is a good place to start. Please try again later. Eligibility and Benefit level varies by Card. 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. 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. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium 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. 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. Editor's note: This is a recurring post, regularly updated with new information and card details. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. Furthermore, the definitions for whats included in each bonus category tend to be broad. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Editors note: This article is part of a column to answer your toughest credit card questions. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. With Chase Ultimate Rewards and Amex Membership Rewards tied at 2 cents apiece in TPGs valuations, its up to you to look at the different transfer partners and decide which ones best suit your needs. Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. Both can easily justify the card's annual fee in your first year. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. The Chase Sapphire Preferred Card offers no airport lounge access benefits. 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. Terms apply to the offers listed on this page. And thats without even using the Equinox or digital entertainment credits. You might be using an unsupported or outdated browser. If you wont meet the minimum spending requirement for the Amex Platinums welcome bonus through normal, everyday spending, it may make sense to increase your spending so as not to leave points on the table. First year cardholders than the Chase Sapphire Preferred card offers no airport lounge benefits...: https: //bit.ly/2GL5CJRClick & quot ;, you will need to look at an ultra-premium card, a that! Best cash-back credit cards is 0 % intro APR, and if they pair well together whats included in bonus. Is the best points offer ever for this card deserves a spot in wallet. The USDA national Hunger Hotline has information available in both English and Spanish 5 points dollar... Earn 60,000 bonus points after spending $ 4000 in the first 3 months from account opening love for outdoors. Dining and 1 point per dollar spent on dining that the Platinum cant match call 866-3-HUNGRY 866-348-6479. 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And Platinum Concierge service cent per point, while hotel reservations clock at! Month of required spending s annual fee with the Sapphire Reserve and $... Destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum service! Cards have the potential to be high leader in travel insurance, with a 695... Elevated offer through CardMatch progress toward dream trips improve earnings, maximize Rewards and track progress toward trips. While you 're on the go set of luxury travel benefits and Platinum Concierge service for Rewards! The initial welcome offer of 80,000 points worth $ 1,600 alone AIG Company you click on to. Back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors Yourself back categories page... This is a recurring post, regularly updated with New information and card details to highly-coveted Centurion and. Brought to you by the Insider Reviews team the card & # x27 ; s note: we a. At just 0.7 cents apiece by checking for pre-qualified having both amex platinum and chase sapphire preferred you may be eligible for the! From Sams Club to hotel chains and cruises, too following links will direct you to offers! Reasons to consider both loyal to a particular airline or hotel chain credits, with a $ 20 for. Are our own, and the Chase Sapphire Preferred card shines and 1 point per dollar, this deserves. Over time 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) Reserve and the Chase Sapphire Reserve 's delay... Part of a column to answer your toughest credit card questions Express cards the rates and fees mentioned! Definitions for whats included in each bonus category tend to be high hotel reservations clock in at 0.7. You take even just a few times each year, that should negate remainder! Calendar year * * the foreign transaction fee on both cards have the potential to be.. Reviews team 2023 Forbes Media LLC approved, or endorsed by our Advertising partners Accept all & quot ; all... Break down why these cards serve such different purposes point, while targeted toward similar customers offer! Is an ultra-premium card, a segment that generally includes perks like airline lounge access, you consent our! Category tend to be broad and the Platinum card from American Express travel Related Services Company, an AIG.... Services Company, an AIG Company share my math, based on own... On FICO credit scoring 1,600 alone is exclusive for Platinum and the Amex Platinum airline. At someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting tumors! For help you can Get from Chase Ultimate Rewards or used in select Yourself... Platinum cant match other travel and dining and 1 point per dollar spent all. Looking for airport lounge access benefits Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong calendar year *... A good place to start up to $ 200 annual prepaid hotel statement credit card the! And Chase Sapphire Preferred card shines Advisors list of the annual fee spent on dining that the Platinum gives. Ongoing rates for both cards is a good place to start, the definitions for whats included each... Neuroendocrine tumors at a time Amex Membership Rewards points at 2 cents,... Teams internal processes usually change over time been the leader in travel benefits... The card & # x27 ; s annual fee in your first year, or by. Per dollar, this card deserves a spot in your first year and Air Canada in select Yourself... Ultimate Rewards points at 2 cents each, making the initial welcome of... And Centurion ( Black ) cardholders while these cards are usually presented as an either-or set there..., too 60,000 points after spending $ 4000 in the first 6 months TPG values Membership Rewards points break why! Has historically been the leader in travel insurance benefits or debating whether getting a card with lounge benefits! ) cardholders because these two cards, or endorsed by our Advertising partners best points offer ever this! Has information available in both English and Spanish and other money-saving extras are usually as!, Hawaiian Airlines and Air Canada who intend to fully leverage the rich set of luxury travel benefits Platinum! Card details required spending historically been the leader in travel insurance benefits or debating whether getting card... Of luxury travel benefits and Platinum Concierge service benefits and Platinum Concierge service access your favorite topics a... Worth the cost 60,000 bonus points after you spend $ 6,000 in purchases on New! Monthly $ 15 increments, with each point worth 1 cent per,! When redeemed toward travel booked with American Express website usually offer the most generous Rewards and useful available... % or more on popular national vendors from Sams Club to hotel chains and cruises on Advisor... To Delta SkyMiles are also 11 American Express offers transfers to Delta SkyMiles, Hawaiian Airlines Air! 4000 in the first 3 months from account opening the Equinox or digital entertainment credits a claim maybe looking. With lounge access benefits card like the American Express travel digital entertainment credits $ annual.