Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. Please check out our advertiser policy for further details about our partners, and thanks for your support! The first thing you might notice on these two cards is the vast difference in annual fees. Underwritten by AMEX Assurance Company. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. 60,000 Points Learn More Terms Apply. Eligibility and Benefit level varies by Card. So, what do you get in exchange for that upfront cost? For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Alternatively, consider one of the many cards offering 2% cash back on all spending. Commissions do not affect our editors opinions or evaluations. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . However, they offer slightly different value propositions. Is it worth having Amex Gold and Chase Sapphire Preferred? The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. The Chase Sapphire Reserve offers a primary auto rental collision damage waiver, or free loss and damage coverage when you use the card to pay for a rental car. However, the Sapphire Preferred outearns the Platinum in several bonus categories. We highlight products and services you might find interesting. No single credit card is the best option for every family, every purchase or every budget. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Please visit americanexpress.com/benefitsguide for more details. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. Search For: Get cheap travel tips to your inbox! These are worth at least $600 when you use them to book flights through Amex Travel, less for most other uses, or potentially more when transferred to Amex's airline partners. Performance information may have changed since the time of publication. The Amex Platinums annual fee is for me more than covered by the credits. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. 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. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. In the right hands, the classic status card's staggering annual fee is well justified. Card Members are responsible for the costs charged by third-party service providers. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. Chase offers no equivalent benefit. 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. You might be using an unsupported or outdated browser. Plus, that way you can spread out the annual fees by a few months. 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 TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. Access is exclusive for Platinum and Centurion (Black) cardholders. Keep in mind you may still want to opt for the rental company's liability insurance. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. 50,000 Miles 90,000 Miles! The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. Nowadays premium credit cards are more popular than ever before. BANKING. The Forbes Advisor editorial team is independent and objective. Finally, both cards offer point transfers to hotels. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. Both cards can potentially offer outsized value, but theyre very different from one another. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. 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. Youre paying a $550 annual fee per year, but you get a $300 annual travel credit, which is worth face value to me (more or less), since it can be used towards any purchase thats coded as travel. Winner: Tie Best benefits and perks And we haven't even gotten to the rewards yet. The American Express Platinums current welcome bonus is: 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. 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. 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. A native New Yorker and avid photographer, David previously covered travel, credit-card rewards, and frequent-flyer programs. 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. IHG Rewards Premier credit card. page for a list of current offers. Ultimately, your particular travel patterns will determine which rewards program is better for you. The Chase Sapphire Preferred Card offers no airport lounge access benefits. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. 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 Enjoy access to more than 1,400 airport lounges worldwide through the Global Lounge Collection. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? 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. CREDIT CARDS. Todays reader question is about whether it makes sense to sign-up for the premium Amex Platinum card when you already have the Chase Sapphire Reserve. 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. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. Terms, Conditions and Limitations Apply. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. 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. Unfortunately, covering past charges yields just 0.6 cents per point, and paying with points is barely any better, with a typical value of 0.7 cents per point. Many of these cards offer solid value, especially if youre loyal to the underlying brand. 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 Capital One Venture X Rewards Credit Card . This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Trip cancellation/interruption insurance. 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. No, those numbers are not typos. Terms, Conditions and Limitations Apply. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Update: Some offers mentioned below are no longer available. If you have multiple points-earning cards from Amex or Chase, The Chase Sapphire Reserve card earns Ultimate Rewards points and the Amex Gold card earns Membership Rewards points, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card, both issuers allow you to combine the points you earn under the same account, Basics of the Chase Sapphire Reserve Card, Why the cards are complements, not substitutes. 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. The Chase Sapphire Reserve introductory bonus is not as generous. Let me break down why these cards serve such different purposes. Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. PreCheck credit (This benefit applies once every 4.5 years for the application fee for TSA PreCheck and every 4 years for Global Entry), Access to the Amex International Airline Program, which can save you money on premium international airfare, Access to Amex Fine 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. This should be a good start in helping Ryan decide if adding The Platinum Card from American Express is the best strategy for him. cards can make sense, for others one card can make sense, and for others neither card makes sense. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Try BYJUS free classes today!No worries! There are two long-standing titans of the premium card market. The offers on this page have updated or changed since the time of publication. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. Underwritten by New Hampshire Insurance Company, an AIG Company. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. Terms apply to the offers listed on this page. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. Lounge access is complimentary for the primary cardholder and, typically, two guests. Subscribe to our newsletter. 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. 'Ve gotten more than $ 280 of value from this benefit, with more come. And services you might be using an unsupported or outdated browser is independent and objective and Express. Time of publication 'd often rather earn 3x having both amex platinum and chase sapphire preferred Ultimate rewards points and miles for premium travel with family... Pay Yourself back option to Southwest cards but is it worth having Gold! 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