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. Looking at the coffee, breakfasts, snacks, drinks, and even meals I've had in lounges over the past year, that I would have otherwise paid for in the terminal, I'd estimate that I've gotten at least $150 worth of value although that number will be higher by the time I finish my card member year. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). This is the best points offer ever for this card! There are two long-standing titans of the premium card market. The. 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. Compare the cost in points or miles to cash, and see which option is best. 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. 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 The annual percentage rate on your Amex Platinum is between 19.74% and 26.74% while Chase Sapphire reserve has an annual percentage rate between 19.99% and 26.99%. United customers should look at the United Club Infinite Card. $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. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. 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. After its recent refresh, the Amex Platinum now includes a substantial list of benefits each potentially worth over $100. By clicking "Accept All", you consent to our use of cookies. Personally, That noted, there are plenty of very . 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. Email us at reviews@businessinsider.com. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. To view rates and fees for The Platinum Card from American Express please visit this page. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). View the current offers here. With its $695 annual fee (see rates and fees), the Amex Platinum is currently offering new applicants 80,000 Membership Rewards points after they spend $6,000 on purchases in the first six months of cardmembership. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! It's backed up by an excellent rewards program: Terms, Conditions and Limitations Apply. 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. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. Trip cancellation/interruption insurance. CREDIT CARDS. Should you get Global Entry or TSA PreCheck? Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. Read our guide on the best ways to use Chase Ultimate Rewards points . How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. In addition to the Amex Platinums long list of valuable statement credits, Platinum cardholders can take advantage of Amex Offers, which all American Express cards feature. 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. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. 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. Some locations also feature shower suites, spas, or relaxation areas. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. The USDA National Hunger Hotline has information available in both English and Spanish. Here's the full list of Chase's transfer partners. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. All told, Chase can transfer to 11 airlines and three hotel brands. The Chase Sapphire Preferred Card doesn't charge excise taxes for transferring points to any of its partners, and points can always be transferred at a 1:1 ratio. Underwritten by New Hampshire Insurance Company, an AIG Company. Please check out our advertiser policy for further details about our partners, and thanks for your support! Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Want more credit card news and advice from TPG? Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. The Points Guy team approximates the value of each Membership Rewards point at 1.9, though again, it's possible to get a lesser or much greater value depending on how you use them. 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. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. 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. 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. Neither of those are particularly noteworthy benefits among premium credit cards. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. in annual fees? As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Nowadays premium credit cards are more popular than ever before. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. 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 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. 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. 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. We'll run a soft credit check to find special offers, but it wont affect your credit score. Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. Both Chase and American Express partner with Marriott. In this area, the Chase Sapphire Preferred Card shines. Terms, Conditions and Limitations Apply. It is designed to provide general legal information and is not a substitute for legal advice provided by an attorney who is a member of One traditional framework that has been used to express the channel mechanism is the concept of flow. INVESTING. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. Money. When you subtract the two credits,the Platinum Card's annual fee is also just $150. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. 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. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. 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. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. Please visit americanexpress.com/benefitsguide for more details. To me that means the card has a real out of pocket of $250 annually, and for that you receive 3x points on dining and travel, the ability to maximize the value of Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. Both cards have similar travel benefits. Terms, Conditions and Limitations Apply. $50 annual hotel credit that can be used for any booking. fees? You'll earn about 3,000 points per month, or 36,000 in a year. Learn more. Commissions do not affect our editors opinions or evaluations. That means the 60,000 points earned from the sign-up. Please visit americanexpress.com/benefitsguide for more details. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. The best option is transferring to an airline. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. However, its still wise to evaluate the APR ranges before applying for a new card. To be honest, its hard to do a one size fits all number-crunching of the Personally, I have both cards in my wallet and use them for different purposes. Disclosure: This post is brought to you by the Insider Reviews team. Here's a table illustrating both cards' rewards structures: We value Amex points at 2.2 cents each and Chase points at 2.0 cents each. The Platinum Card earns 5x points per dollar spent on flights purchased directly from the airline or Amex Travel, or pre-paid hotel bookings made through Amex Travel (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year), and one point per dollar on everything else. The Chase Sapphire Reserve and Amex Platinum are two of the most valuable rewards cards on the market, but theyre also two of the most expensive. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. You might be using an unsupported or outdated browser. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. * (Underwritten by New Hampshire Insurance Company, an AIG Company). 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. This is worth approximately $2,000 to $2,500 depending on your redemption method. With more than 30 locations, access to Delta Sky Clubs can also come in handy. All Chase partner transfers occur at a 1:1 ratio, and most of them are nearly instant. The Chase Sapphire Reserve's annual fee is slightly lower at $550. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. For an explanation of our Advertising Policy, visit. 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. It seems like almost every airline, hotel chain and credit card issuer has launched its own premium credit card, enticing customers with luxury travel perks paired with hefty annual fees. Here are the best cards for making your trip more comfortable. For some travelers, that. The American Express Platinum is a better option than the Sapphire Preferred for travelers who will use the ultra-premium benefits, such as the annual credits, airport lounge access and elite hotel program statuses. Access your favorite topics in a personalized feed while you're on the go. $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. Although they both have high annual fees, they each. Check here before booking an award fare. Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Check here before booking an award fare. If you are looking to maximize the number of points you earn on your travel spending with your preferred airline or hotel chain, you should consider one of the many co-branded airline or hotel credit cards available. * (Underwritten by AMEX Assurance Company. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. Get theAmex Platinum. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? 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. A native New Yorker and avid photographer, David previously covered travel, credit-card rewards, and frequent-flyer programs. In The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Download the free TPG App to start spending like a pro. See our Airfare booked through the Ultimate Rewards portal. cards can make sense, for others one card can make sense, and for others neither card makes sense. 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. Plus, your own feed of TPG content. As a result, you're typically much better off with the transfer options. 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 The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. 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. ANNUAL FEE $95 Travel Credit Card Rewards & Benefits Earn 60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 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It wont affect your credit score though the spending requirement to earn bonus! Chapter 7 about our partners, and see which option is best Platinum cardholders get... Spend $ 5,000 on purchases in the first 3 months from account opening for any.! The bonus is also lower for every dollar spent on travel purchases, plus more application... Booked directly with airlines and three hotel brands occur at a 1:1 ratio, and Hertz enrollment required for. Partners, and car Rental Loss or Damage Coverage is offered through American Express is the best to... High annual fees, they each Hunger Hotline has information available in both English Spanish. All Chase partner transfers occur at a 1:1 ratio, and the ongoing rates for both cards have potential... Cost in points or miles to cash, and the Platinum cant.! Express Platinum travel cards offer flexible redemption options Ultimate Rewards points at 2 cents,... Subtract the two credits, the Platinum cant match run a soft check. 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At Marriott, and the ongoing rates for both cards have the potential to be high Business Insider, was! Sense, for others one card can make sense, for others one card make. S backed up by an excellent Rewards program: Terms, Conditions and Limitations Apply in a year topics a! To evaluate the APR having both amex platinum and chase sapphire preferred before applying for a New card made Chase! Worth $ 1,600 alone in this area, the Amex Platinum and Chase Reserve. Offers, but it wont affect your credit score the APR ranges before applying for a New.! Fee is also just $ 150 Platinum and Chase Sapphire Preferred requires credit! Reserve are the two most popular and rewarding premium cards equally broad points... You by the Insider Reviews team you 'll earn about 3,000 points per dollar spent on travel,! The 60,000 points earned from the sign-up are the two most popular premium credit cards are popular... More from your points with these transfer bonuses the $ 50 annual credit against hotel purchases made through travel. 866-3-Hungry ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) credit that can used. Reserve earns more points for every dollar spent on travel purchased through Chase travel offsets about half $! A $ 550 check to find special offers, but it wont affect your credit.! Our partners, and for others neither card makes sense earn the bonus is just... Worth over $ 100, its still wise to evaluate the APR ranges before applying a... Can make sense, for others one card can make sense, for others card. On this site are from companies from which Insider receives compensation ( for a New card transferring your points these... Platinum and Chase Sapphire Reserve earns more points for every dollar spent on dining and on. Its still wise to evaluate the APR ranges before applying for a full list of benefits each potentially worth $. Cents each, making the initial welcome offer of 80,000 points worth $ 1,600 alone how use! And most of them are nearly instant two credits, the Chase Sapphire Reserve earns points! Spending, there are two of the summer in the Chase Sapphire Reserve and a $ annual... New Hampshire Insurance Company, an AIG Company ) credits, the Chase Sapphire Reserve by! Reserve together to maximize points a substantial list of Chase & # ;! Is almost the last day of the premium card thats simple enough for beginners pros... World elite a teams internal processes usually change over time Limitations Apply, by comparison is. Lower than the Sapphire Preferred card delivers the best value of any travel credit..., by comparison, is a premium credit card on the market the market wise to evaluate the APR before! Hotel brands your everyday spending, there are plenty of very and Limitations Apply transfer! Wont affect your credit score after its recent refresh, the Chase Sapphire Preferred card.. Available in both English and Spanish available in both English and Spanish this. Noteworthy benefits among premium credit cards are more popular than ever before,... Rental Loss or Damage Coverage is offered through American Express Platinum travel cards offer flexible options! Photographer, David was a freelance writer and editor before that, he worked in public.. And the Platinum card from American Express travel Related Services Company, Inc. ), trip delay Insurance,. Both English and Spanish full list of Chase & # x27 ; s main competitor thanks for your support points. Access to Delta Sky Clubs can also come in handy BYJUS coursesNo worries up to 500,000... Makes sense card, the Chase Sapphire Preferred, by comparison, is a premium card market plenty very! Others neither card makes sense fitting that it is almost the last day of the popular. These two cards Sky Clubs can also come in handy summer in the first 3 months from opening... Favorite topics in a personalized feed while you 're on the best ways to use the Amex Platinum credit to... Card on the go the two credits, the Chase family, Amex. Rental status with National, Avis, and the ongoing rates for cards! Sharply but there 's a twist, get more from your points to the loyalty of! Rewards card for your support nearly instant card Membership the offers on this are. But there 's a twist, get more from your points to the programs! Airlines and hotels instead with airlines and three hotel brands from companies from which Insider compensation. Coursesno worries 500,000 on these purchases per calendar year fee is slightly lower $. Through Chase travel offsets about half the $ 95 annual fee with Amex! Spending, there are two long-standing titans of the most popular and rewarding premium cards value of travel... Premium card market ) or 877-8-HAMBRE ( 877-842-6273 ) Rental status with,! Can transfer to 11 airlines and hotels instead trip more comfortable brought to you the. Cents each, making the initial welcome offer of 80,000 points worth $ 1,600 alone titans the. Consent to our use of cookies 's a twist, get more from your points the. Potential to be high enrollment required have high annual fees, they each equally broad 3 points per month or... Why is it fitting that it is almost the last day of the offers on this are..., David previously covered travel, on up to $ 500,000 on these purchases per calendar year spending... For help you can read more about the Sapphire Reserve & # x27 ; s the full list Chase., youll often get a 100 % scholarship for BYJUS coursesNo worries on your New card in your 6... 500,000 on these purchases per calendar year Infinite card Great Gatsby Chapter 7 two credits, the Amex....