It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. A Priority Pass membership. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Enrollment required. The combination of generous rewards on a number of spending categories, easily redeemable points and a much lower annual fee will add up to a more compelling value proposition for most. 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. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. For rates and fees of The Platinum Card from American Express, please click here. Becky Pokora is an avid traveler with a particular love for the outdoors. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. our office. Nonverbal communication is defined as how people communicate with each other without talking or writing. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. The best option is transferring to an airline. 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%. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. 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. Thats $750 when you redeem through Chase Ultimate Rewards. The Chase Sapphire Preferred Card offers no airport lounge access benefits. Check here before booking an award fare. We'll run a soft credit check to find special offers, but it wont affect your credit score. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024. Capital One Venture X Rewards Credit Card . While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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. Learn More Terms Apply. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. Although they both have high annual fees, they each. Many of these cards offer solid value, especially if youre loyal to the underlying brand. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. The various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. However, the Sapphire Preferred outearns the Platinum in several bonus categories. The Forbes Advisor editorial team is independent and objective. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. While the Chase Sapphire Reserve offers access to more than 1,000+airport lounges as well as credits to a number of restaurants, spas, and other properties many of these lounges are in international terminals in US airports, or in foreign airports. Access your favorite topics in a personalized feed while you're on the go. 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. 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. Terms, Conditions and Limitations Apply. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. He went from studying abroad in Paris to moving to Shanghai after graduating college, where he covered all things travel in the Asia-Pacific region for TPG. 1.5 cents per point for select charitable donations through Dec. 31, 2023. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Please visit americanexpress.com/benefitsguide for more details. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. If youre anything like me, the math may make sense on both cards. Plus, that way you can spread out the annual fees by a few months. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. Like individuals, teams develop their skills, the more they use them. The card also comes with trip cancellation/interruption coverage. 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. 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 ). Offering a rare mix of high rewards rates and redemption flexibility, this card is a dream for frequent spenders on travel & dining - while charging a modest annual fee. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. 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. For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. The offers on this page have updated or changed since the time of publication. Learn more. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. We welcome your feedback. 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. 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. Both cards have similar travel benefits. This should be a good start in helping Ryan decide if adding The Platinum Card from American Express is the best strategy for him. Enrollment required. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). 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. Terms, Conditions and Limitations Apply. That's only $667 per month of spending required to hit the bonus! But who wants to pay $1,245 in annual 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. Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Plus, you earn 3 points per dollar on travel (excluding the $300 travel credit) and dining, and these categories are broad enough that you wont be scratching your head trying to decide if youre swiping the right card. Get theAmex Platinum. 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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 Underwritten by AMEX Assurance Company. Related: The best travel credit cards of 2023. 10% anniversary point bonus on all your yearly spending. Underwritten by AMEX Assurance Company. Fantastic car rental coverage, as well as travel and baggage protection. 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. Best Overall: Chase Sapphire Preferred Card. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? 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. For some people both The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. Learn more. Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card (Rates & Fees). * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. It's also true albeit on a larger scale for "premium" travel rewards cards like the $550 Chase Sapphire Reserve, and the $695 Platinum Card from American Express. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. On the airline side of things, popular redemption options include United MileagePlus, Southwest Rapid Rewards, British Airways Avios, Virgin Atlantic Flying Club and Flying Blue (Air France-KLM) though the last three also partner with Amex Membership Rewards. If you are a road warrior looking to maximize your earnings on travel spending, you can do better than either of these cards. 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. In the right hands, the classic status card's staggering annual fee is well justified. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. 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. Both cards are considered "premium" products, and although people often think of them in terms of "either or," they can actually complement each other quite well and earn you a ton of value. 1.25 cents per point for purchases at gas stations and grocery stores. And thats without even using the Equinox or digital entertainment credits. 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. Weve got your back. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. 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 Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. 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. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. 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. 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. That means that Amex points are slightly more valuable than Chase points. Why should you spend money on an annual fee just so that you canspend money with a credit card? The Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Youll earn 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. The Chase Sapphire Reserve's annual fee is slightly lower at $550. And we haven't even gotten to the rewards yet. He primarily covers airlines and air travel. Underwritten by AMEX Assurance Company. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. With more than 30 locations, access to Delta Sky Clubs can also come in handy. When I speak with people about credit card rewards programs and the best cards out there, many of them tend to focus on finding a card without an annual fee. 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. Personally I view the two cards as complements rather than substitutes. 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. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. High reward potential on flights and hotels booked through American Express Travel, Multiple credits can help justify the fee, Luxury travel benefits and elite status with Hilton and Marriott with enrollment, Maximizing the statement credits takes some work and could be unworkable for many, Reward rate outside of travel is sub-par for a premium card. 50,000 Miles 90,000 Miles! For the rest of this article, though, let's assume you only use it once; we'll consider the remaining fee, minus the credits, at $150. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. These are provided as guidelines only and approval is not guaranteed. You might be using an unsupported or outdated browser. Underwritten by New Hampshire Insurance Company, an AIG Company. Plus, your own feed of TPG content. Improve earnings, maximize rewards and track progress toward dream trips. Are you sure you want to rest your choices? Underwritten by New Hampshire Insurance Company, an AIG Company. Information provided on Forbes Advisor is for educational purposes only. The airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. Underwritten by New Hampshire Insurance Company, an AIG Company. If you buy them, we get a small share of the revenue from the sale from our commerce partners. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. 60,000 Points Learn More Terms Apply. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. When discussing the top premium travel rewards cards on the market, the Chase Sapphire Reserve and The Platinum Card from American Express are usually top of mind. These include: The Platinum Card from American Express Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or 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. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. For an explanation of our Advertising Policy, visit. Something went wrong. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? This site does not include all credit card companies or all available credit card offers. Also, the credits from the platinum are mostly niche and help offset the annual fee. fees? On quick thought, that makes sense. It is worth noting that the Chase Sapphire Preferred Card has a lower annual fee. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. Eligibility and Benefit level varies by Card. Plus Ups are excluded. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Try BYJUS free classes today!No worries! Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. 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. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. 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. Chase Sapphire Preferred Card .
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