The cards, however, actually complement each other quite well. A bunch of annual credits a $300 annual Equinox credit (enrollment required), a $240 annual digital entertainment credit (enrollment required), a $200 annual hotel credit, a $200 annual airline fee credit (enrollment required), a $200 annual Uber credit (enrollment required), a $189 annual CLEAR credit, and a $100 annual Saks credit, The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta SkyClubs, a Priority Pass membership (enrollment required), and more, 5x points on airfare purchased directly from airlines (on up to $500,000 in Executives hint at an answer. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. Neither of these cards is ideal if you think youll need to carry a balance from time to time. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. The welcome offer alone is worth $2,000, according to TPG valuations. 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? Airfare booked through the Ultimate Rewards portal. 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. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. Weve got your back. Going by that number, the sign-up bonus is worth around $1,050. 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. Both of these cards get that done but in very different ways. The. There are two long-standing titans of the premium card market. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. 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 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Many of these cards are also available with no annual fee. He primarily covers airlines and air travel. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. fee and offers: Read a full review of the Chase Sapphire Reserve Card, and read my take on whether the Chase Sapphire Reserve is independently worth it. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Both can easily justify the card's annual fee in your first year. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. (Photo by Wyatt Smith/The Points Guy) TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits.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.It also features an easy-to-use $300 travel . Find the right card for you. sippican nursing home / example of a petition to the court / chase sapphire vs amex platinum two-step verification gmail garmin vivoactive 3 gps not working chase sapphire vs amex platinum 1 Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. Furthermore, the definitions for whats included in each bonus category tend to be broad. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Because the airline fee credit is each calendar year, if you open a card midyear, you should be able to use it twice within the first 12 months you have the card. Get $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. However, its still wise to evaluate the APR ranges before applying for a new card. These include: The Platinum Card from American Express Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. Here are the best cards for making your trip more comfortable. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. 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. We frequently receive products free of charge from manufacturers to test. It's backed up by an excellent rewards program: Enjoy access to more than 1,400 airport lounges worldwide through the Global Lounge Collection. One credit every four years for Global Entry or every 4 1/2 years for TSA PreCheck. Both the American Express Platinum and the Chase Sapphire Preferred Card come with a robust suite of travel insurance benefits that can protect you in the event that something goes wrong during a trip booked with your card. Lets say youre spending $5,000 on both airfare and dining combined each year, $1,000 on hotels or cruises and $10,000 on non-bonus spending. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. 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. 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. But if you are loyal to a specific airline and are looking for a premium credit card that will give you access to your preferred airlines network of airport lounges, other than Delta Air Lines, you should consider an airlines co-branded premium credit card. our office. Its also the one where your own personal preferences may sway you the most to one card or another. 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. 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. The Amex Platinums annual fee is for me more than covered by the credits. Here's the full list of Chase's transfer partners. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. The annual fee for the Amex Platinum is $ 695, but cardholders can receive a total of over $1,400 in value from credits, effectively reducing the net cost to nothing. CREDIT CARDS. 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). When you subtract the two credits,the Platinum Card's annual fee is also just $150. 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 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. As a result, you're typically much better off with the transfer options. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. 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. Enrollment required. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. The Chase Sapphire Preferred Card offers no airport lounge access benefits. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Please visit americanexpress.com/benefitsguide for more details. Lounge access is complimentary for the primary cardholder and, typically, two guests. Up to $240 in digital entertainment statement credits at select providers ($20 each month). 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. The catch is that not everyone is going to use all of those credits. Underwritten by New Hampshire Insurance Company, an AIG Company. Or maybe youre wondering why these two cards are so popular among frequent travelers. 1.25 cents per point for purchases at gas stations and grocery stores. Secondary car rental coverage. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. Download the free TPG App to start spending like a pro. Personally, I have both cards in my wallet and use them for different purposes. You'll earn about 3,000 points per month, or 36,000 in a year. Access is exclusive for Platinum and Centurion (Black) cardholders. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. 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? Eligibility and Benefit level varies by Card. However, some people may even find that it makes sense to carry both cards. Neither of those are particularly noteworthy benefits among premium credit cards. For some people both 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. Do you have the However, its worth checking to see if youre targeted for a higher offer of 125,000 or even 150,000 points through the CardMatch tool (offer subject to change at any time). Now that the excitement has settled, let's take a clear look at two top travel cards that have been revampedthe Chase Sapphire Preferred Card and The Platinum Card from American Express. 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 Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. 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. 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. Sign up for our daily newsletter! Points transfer to participating partner programs at a 1:1 ratio. View the current offers here. Disclosure: This post is brought to you by the Insider Reviews team. By clicking "Accept All", you consent to our use of cookies. Check here before booking an award fare. 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. Eligibility and Benefit level varies by Card. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Some of the larger locations feature showers, too. Card Members are responsible for the costs charged by third-party service providers. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. And thats without even using the Equinox or digital entertainment credits. 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. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. This does not drive our decision as to whether or not a product is featured or recommended. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. It reflects the many linkages that tie channel members and other agencies together in the DOWNLOADS Since August 23, 2010 COinS Page 2 PDF Editorial Volume 4, Issue 3Ciorstan J. Smark PDF Book Review : Social and Environmental AccountingLee C. Moerman Page 3 PDF Editorial Volume Bottom Line: With access to over 1,300 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges. 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. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. This is worth approximately $2,000 to $2,500 depending on your redemption method. Theres a minimum earning rate of 1 point per dollar spent. On the surface, 3 points per dollar on these categories is respectable. Your best option depends on which other Chase or Amex cards you currently have in your wallet and how the bonus categories on those other cards overlap with the Chase Sapphire Reserve and Amex Platinum. No, those numbers are not typos. 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. Related: The best travel credit cards of 2023. 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. Learn more. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. 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. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Performance information may have changed since the time of publication. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. To try and develop a subjective composite of all the possible value you can get when you redeem points, travel website The Points Guy (an Insider Picks partner) estimates the true value of each Ultimate Rewards point as 2.1. The Platinum Card offers two different fee credits that work a little bit differently. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. Let me break down why these cards serve such different purposes. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. Something went wrong. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. We'll run a soft credit check to find special offers, but it wont affect your credit score. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. BANKING. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. That means the 60,000 points earned from the sign-up. Plus, that way you can spread out the annual fees by a few months. Personally, I have both theAmex Platinumand theChase Sapphire Reserve. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. 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having both amex platinum and chase sapphire preferred