It earns one point per dollar on everything else. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. 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. David is a Senior Transportation Reporter for Business Insider. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. 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. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and * That's $750 toward travel when redeemed through Chase Ultimate Rewards . So, what do you get in exchange for that upfront cost? Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Winner: Chase Sapphire Reserve is the best for earning thanks to its favorable everyday bonus categories that help you earn more points in the long term. When you get the card, be sure to flip through the benefits guide. 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. Personally, is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. Please check out our advertiser policy for further details about our partners, and thanks for your support! The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. Should you get Global Entry or TSA PreCheck? There are two long-standing titans of the premium card market. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Its true the Amex Platinum offers Delta Sky Club access. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? 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.In Learn more. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? Card Members are responsible for the costs charged by third-party service providers. Points transfer to participating partner programs, many at a 1:1 ratio. 1.25 cents per point for purchases at gas stations and grocery stores. For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. You'll earn about 3,000 points per month, or 36,000 in a year. That means the 60,000 points earned from the sign-up. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. 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. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. The best option is transferring to an airline. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Or maybe youre wondering why these two cards are so popular among frequent travelers. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. Cost includes $12.95 plus applicable local sales tax. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. However, the Amex Platinum offers up to $200 in Uber credits annually, up to a $100 annual credit for purchases made at Saks Fifth Avenue, Global Entry or TSA PreCheck application fee credit, up to $200 in annual hotel credits, up to $200 in annual airline fee credits, up to $300 annually in statement credits for an Equinox digital or club Terms, Conditions and Limitations Apply. A Priority Pass membership. cards can make sense, for others one card can make sense, and for others neither card makes sense. 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. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. This post contains references to products from one or more of our advertisers. United rolls out free fleetwide Wi-Fi for select flyers. 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. Get $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. 1.25 cents per point to cover your annual fee. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. Please visit americanexpress.com/benefitsguide for more details. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Eligibility and Benefit level varies by Card. 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. Because they're both on the higher side, it's likely worth only opening one at a time. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? 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. Theyoffer snacks, breakfast, complimentary soft and alcoholic drinks, sometimes more substantial food during meal times, fast Wi-Fi, and spacious, comfortable seats so that you can relax before your flight. These include: The Platinum Card from American Express While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. 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. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. With that in mind, what do I recommend for people who ask me which card they should get? That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. This is just one scoring method and a credit card issuer may use another method when considering your application. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 10% anniversary point bonus on all your yearly spending. Your financial situation is unique and the products and services we review may not be right for your circumstances. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. 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. This compensation comes from two main sources. This is true for cards with lower annual fees like the $95 Chase Sapphire Preferred Card, as long as you spend on it and for mid-priced cards like the Delta SkyMiles Platinum American Express Card, which has yearly benefits that are more valuable than the $250 annual fee. 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. Learn More Terms Apply. 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. Eligibility and Benefit level varies by Card. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. Get theAmex Platinum. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. BANKING. The Sapphire Preferred only includes a single annual credit: earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. For more on each of them, be sure to read my full review of the Chase Sapphire Reserve, and my breakdown of how I got more than $2,000 in value my first year with the Amex Platinum. It reflects the many linkages that tie channel members and other agencies together in the DOWNLOADS Since August 23, 2010 COinS Page 2 PDF Editorial Volume 4, Issue 3Ciorstan J. Smark PDF Book Review : Social and Environmental AccountingLee C. Moerman Page 3 PDF Editorial Volume Bottom Line: With access to over 1,300 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges. 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. No, those numbers are not typos. The Forbes Advisor editorial team is independent and objective. 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. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Chase Sapphire Preferred Card vs. Weve got your back. You can purchase syndication rights to this story here. Compare the cost in points or miles to cash, and see which option is best. The. This is the best points offer ever for this card! 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. Different value propositions different earning structures which card they should get 3x on dining 2x. I think it absolutely could make sense, for others one card make... For on the American Express Platinum usually offers the more generous welcome bonus 60,000... Ryan Aguiar already has the Chase Sapphire Preferred card vs. Weve got your back get! United rolls out free fleetwide Wi-Fi for Select flyers spending requirement extended pay Yourself back option to Southwest but. 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