Thats $750 when you redeem through Chase Ultimate Rewards. Both of these cards get that done but in very different ways. 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. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. 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. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. We'll run a soft credit check to find special offers, but it wont affect your credit score. Uber Cash and Uber VIP status is available to Basic Card Member only. Points transfer to participating partner programs, many at a 1:1 ratio. This compensation comes from two main sources. All Rights Reserved. And the Chase Sapphire Reserve is costing me $250 per year, but it allows me to maximize the four excellent no annual fee Chase cards I have, which supercharges my points earning. 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. Terms, Conditions and Limitations Apply. No single credit card is the best option for every family, every purchase or every budget. 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. 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. You can purchase syndication rights to this story here. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. Underwritten by New Hampshire Insurance Company, an AIG Company. Just decline the collision/damage/loss coverage offered by the rental agency. He primarily covers airlines and air travel. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. A Priority Pass membership. On quick thought, that makes sense. Some locations also feature shower suites, spas, or relaxation areas. Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. IHG Rewards Premier credit card. This post contains references to products from one or more of our advertisers. 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. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. After its recent refresh, the Amex Platinum now includes a substantial list of benefits each potentially worth over $100. Please visit americanexpress.com/benefitsguide for more details. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. 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. as well as other partner offers and accept our. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Since Amex only allows you to earn a welcome offer on each of its cards once per lifetime, it might be tempting to hold off on applying for the Amex Platinum in hopes that you may be targeted through CardMatch for a higher bonus at some point in the future. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. Points are worth 0.6 cents each when used to cover past charges. Information provided on Forbes Advisor is for educational purposes only. Please visit americanexpress.com/benefitsguide for more details. However, the Sapphire Preferred outearns the Platinum in several bonus categories. Disclosure: This post is brought to you by the Insider Reviews team. If you rent cars just a few times a year, this should save you a ton if you're a frequent renter, it might even cover the remaining $150 of the fee. Becky Pokora is an avid traveler with a particular love for the outdoors. 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. 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. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Enrollment is required, but worth the quick step for complimentary upgrades and other 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. Should you get Global Entry or TSA PreCheck? There are also 11 American Express lounges in international airports. 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. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. 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. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. Please view our advertising policy page for more information. 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%. By clicking "Accept All", you consent to our use of cookies. Nonverbal communication is defined as how people communicate with each other without talking or writing. The Amex Platinum offers 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. This post contains references to products from one or more of our advertisers. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. 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. 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Subscribe to our newsletter. Compare the cost in points or miles to cash, and see which option is best. Plus, your own feed of TPG content. These are the best publicly available offers (terms apply) that we have found for each product or service. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Thats more than $4,000 in annual value on benefits alone, for when you get back to traveling again and maximizing all the cards features. The Forbes Advisor editorial team is independent and objective. 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. Terms apply to offers listed on this page. CREDIT MONITORING. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. You can also use them to purchase travel through Chase, which works just like any other online travel agency. Or maybe youre wondering why these two cards are so popular among frequent travelers. * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. If youre anything like me, the math may make sense on both cards. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. 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. Please try again later. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. Terms apply to the offers listed on this page. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. 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. Related: The best travel credit cards of 2023. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. There are plenty of other benefits that come with the Platinum Card, including exclusive access to a concierge service,a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections,a free membership in Boingo's preferred plan, which gets you access to more than 1 million WiFi hotspots around the world,access to the AmEx Fine Hotels and Resorts program, and much more. Please visit americanexpress.com/benefitsguide for more details. Something went wrong. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. 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. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Past performance is not indicative of future results. Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. Learn more. *Eligibility and benefit level varies by card. 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. Terms, Conditions and Limitations Apply. 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 foreign transaction fee on both cards is 0%. Editor's note: This is a recurring post, regularly updated with new information and card details. Many of these cards are also available with no annual fee. If you buy them, we get a small share of the revenue from the sale from our commerce partners. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Next, there's an airline fee credit each calendar year**. Sections. The USDA National Hunger Hotline has information available in both English and Spanish. Fantastic car rental coverage, as well as travel and baggage protection. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. In the right hands, the classic status card's staggering annual fee is well justified. For some travelers, that. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. When you get the card, be sure to flip through the benefits guide. Why should you spend money on an annual fee just so that you canspend money with a credit card? 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. To be honest, its hard to do a one size fits all number-crunching of the So, what do you get in exchange for that upfront cost? 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. LOANS. page for a list of current offers. 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. The following links will direct you to the rates and fees for mentioned American Express Cards. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. Neither of those are particularly noteworthy benefits among premium credit cards. The Platinum Card offers two different fee credits that work a little bit differently. We welcome your feedback. Terms, Conditions and Limitations Apply. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Terms, Conditions and Limitations Apply. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. Underwritten by AMEX Assurance Company. Eligibility and Benefit level varies by Card. 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. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. And we haven't even gotten to the rewards yet. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. The Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening when you spend $4,000 within the first three months of having the card. 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. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. Subscribe. Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? Let me break down why these cards serve such different purposes. 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. Underwritten by New Hampshire Insurance Company, an AIG Company. Access your favorite topics in a personalized feed while you're on the go. Search For: Get cheap travel tips to your inbox! 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. Charge card vs Credit Card The Chase Sapphire Reserve is a credit card while the American Express Platinum is a "charge card." A charge card must be paid off in full each month or else you face a hefty monthly fee. TheAmex Platinum has a $695 annual fee Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 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. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. 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