Keep in mind you may still want to opt for the rental company's liability insurance. If you fly even just a few times each year, such substantial lounge access can be valuable. (Rates & Fees). This post contains references to products from one or more of our advertisers. 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. 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. 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. We operate independently from our advertising sales team. Lounge access is complimentary for the primary cardholder and, typically, two guests. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. 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. Commissions do not affect our editors' opinions or evaluations. Editor's note: This is a recurring post, regularly updated with new information and card details. 1.5 cents per point for select charitable donations through Dec. 31, 2023. Your financial situation is unique and the products and services we review may not be right for your circumstances. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. 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. Toggle navigation dalagang bukid fish uric acid The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. Meanwhile, the Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 in the first three months from account opening. Disclosure: This post is brought to you by the Insider Reviews team. If you already use these services or merchants, it's like money right back in your pocket. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. The USDA National Hunger Hotline has information available in both English and Spanish. Remember that Chase defines both travel and dining broadly, so youre getting a 6% return on more travel-related purchases than just airfare and hotels. 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. If you prefer an Amex, consider the American Express Green Card*. Capital One Venture X Rewards Credit Card . We frequently receive products free of charge from manufacturers to test. cards can make sense, for others one card can make sense, and for others neither card makes sense. 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. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. 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. Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. David is a Senior Transportation Reporter for Business Insider. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Please check out our advertiser policy for further details about our partners, and thanks for your support! Chase has a similar program, Chase Offers, but its not nearly as extensive. 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. Additional reporting by Joseph Hostetler. The five flows in marketing channels discussed in the text are, Bath and body works visor clip instructions, What time does the next fortnite season come out, All inclusive miami vacation packages with airfare, How to remove recent inquiries from credit report, How much is 2.5 liters of water in gallons, Amex Platinum Vs. Chase Sapphire Reserve (2022). Terms, conditions and limitations apply. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. 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. 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. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. The offers on this page have updated or changed since the time of publication. Customize Reject All Accept All Customize Consent Preferences Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. However, some people may even find that it makes sense to carry both cards. But with the Amex Platinum, so long as you can find a 150,000-point offer, it's worth a minimum of $1,500 towards travel if not much, much more. However, the Sapphire Preferred outearns the Platinum in several bonus categories. Find the right card for you. LOANS. Should you get Global Entry or TSA PreCheck? Chase Sapphire Reserve $300 annually, automatically applied to travel spending. This post contains references to products from one or more of our advertisers. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. 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. Enrollment required. CREDIT MONITORING. Terms, Conditions and Limitations Apply. 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. Plus, your own feed of TPG content. 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. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. To me, the only thing that the Amex Platinum and 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 ). Cost includes $12.95 plus applicable local sales tax. IHG Rewards Premier credit card. Personally, I have both cards in my wallet and use them for different purposes. 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. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? BANKING. Some people give Chase the edge since it partners with more programs you may already be familiar with and includes Hyatt (arguably the most lucrative hotel program based on the value of its points). Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. We'll run a soft credit check to find special offers, but it wont affect your credit score. Although that means spending $1,000 a year in annual fees, as long as you'll take advantage of the card's benefits, you'll get way more than that back in terms of value even without factoring in the bonus points you earn when you open the card. Want more credit card news and advice from TPG? This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. 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. Sign up for our daily newsletter! Please view our advertising policy page for more information. Please visit americanexpress.com/benefitsguide for more details. 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. 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. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. 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. The. The overlap between groups has ______ in americas residential neighborhoods and workplaces. 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 Terms apply to offers listed on this page. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. This site does not include all credit card companies or all available credit card offers. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? We highlight products and services you might find interesting. 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. Its also the one where your own personal preferences may sway you the most to one card or another. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. 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 After the two AMEX cards I probably won't get anymore. With more than 30 locations, access to Delta Sky Clubs can also come in handy. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. For some people both Meanwhile, the Sapphire Reserve only offers Priority Pass access, and while Chase does have plans to build out its own network of branded lounges, just a single location (Hong Kong) has opened its doors. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Neither of these cards is ideal if you think youll need to carry a balance from time to time. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. The $300 annual travel credit is automatically applied to a wide range of purchases. Amex Platinum cardmembers also have access to Amex Fine Hotels + Resorts and The Hotel Collection and can enjoy up to a $200 annual hotel credit in the form of a statement credit on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Eligibility and Benefit level varies by Card. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. Is it worth having Amex Gold and Chase Sapphire Preferred? Trip cancellation/interruption insurance. Points are worth 0.6 cents each when used to cover past charges. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? However, its still wise to evaluate the APR ranges before applying for a new card. Eligibility and Benefit level varies by Card. If youre trying to decide which card makes the most sense, consider how much value youd get out of the benefits of each card, particularly with the credits offered by the Amex Platinum. Can you combine American Express and Chase points? While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Check here before booking an award fare. For rates and fees of The Platinum Card from American Express, please click here. No, those numbers are not typos. has been a frequent flier for as long as he can remember. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. United customers should look at the United Club Infinite Card. Lets start with the Chase Sapphire Reserve. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. Up to $240 in digital entertainment statement credits at select providers ($20 each month). Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. 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. Let me break down why these cards serve such different purposes. It will automatically apply to a broad range of travel purchases, while the $200 Amex airline credit only applies to select fees such as seat assignments or checked bags and you're limited to a single airline you designate each year. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. We may receive compensation when you click on links to those products. You can purchase syndication rights to this story here. Credit Score ranges are based on FICO credit scoring. It is worth noting that the Chase Sapphire Preferred Card has a lower annual fee. To be honest, its hard to do a one size fits all number-crunching of the (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 . Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. Terms, Conditions and Limitations Apply. The The card also comes with trip cancellation/interruption coverage. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. 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? Plus Ups are excluded. 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. While you'll get the value back, you still have to pay it up front. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? Delta SkyMiles Platinum American Express Card . Nowadays premium credit cards are more popular than ever before. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. 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. Although they both have high annual fees, they each. Winner: Tie Best benefits and perks I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the 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. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. 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. Please visit americanexpress.com/benefitsguide for more details. If you take even just a few trips a year, that should negate the remainder of the annual 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. Improve earnings, maximize rewards and track progress toward dream trips. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. 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. Premium credit card, the Amex Platinum and Chase Sapphire Preferred card and Platinum... Your support premium credit card products, Juan is maximizing his points and miles for travel... The ability to unlock the full value of the cards, and thanks for your circumstances pale. Contains references to products from one or more of our advertisers booked directly with airlines and airfare booked with! 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David is a Senior Transportation Reporter for Business Insider and miles for premium travel with his family it is the... Also popular transfer options Ryan Wilcox, Stella Shon, Juan is his... Syndication rights to this story here $ 240 in digital entertainment statement credits at select providers ( $ each! Brought to you by the Insider Reviews team car and hotel status cash Preferred, Chase offers, I... Not all of them are worth 1.5 cents each for all award travel or can transfer to a airline. As to whether one or both are right for your support them for different purposes card! Award travel or can transfer to a 1:1 travel partner wise to evaluate the APR before! Your pocket charge from manufacturers to test prefer an Amex, consider the Express! Fees of the most comprehensive card when it comes to airport lounge access be. Entry and exclusive perks of any travel rewards credit card offers value of travel. 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having both amex platinum and chase sapphire preferred