Nowadays premium credit cards are more popular than ever before. It is designed to provide general legal information and is not a substitute for legal advice provided by an attorney who is a member of One traditional framework that has been used to express the channel mechanism is the concept of flow. this card independently, rather than in comparison to another card. It's automatically applied to your first $300 in travel and transit spending, covering those purchases (or, if one single purchase is larger than $300, covering the first $300 of it). Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. Terms, Conditions and Limitations Apply. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. 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. Ryan is wondering whether it makes sense to add The Platinum Card from American Express (winner of TPGs battle of the premium cards) to his wallet, as the card provides a tremendous lineup of perks and benefits. 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. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. See our 3x points on dining and travel. This is just one scoring method and a credit card issuer may use another method when considering your application. 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. View the current offers here. Email us at reviews@businessinsider.com. 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? Get theAmex Platinum. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Please visit americanexpress.com/benefitsguide for more details. The annual fee is $99. 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. Sign up for our daily newsletter! Finally, both cards offer point transfers to hotels. Please visit americanexpress.com/benefitsguide for more details. Plus, your own feed of TPG content. We highlight products and services you might find interesting. Money. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 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. However, its still wise to evaluate the APR ranges before applying for a new card. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. Is it worth having Amex Gold and Chase Sapphire Preferred? Personally, I have both theAmex Platinumand theChase Sapphire Reserve. Eligibility and Benefit level varies by Card. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. 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. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Of course, that only applies if you can comfortably float the money for the annual fees, which are due when your first monthly statement closes. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. Basically, treat your credit card like a debit card. 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. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. Please visit americanexpress.com/benefitsguide for more details. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. Please visit americanexpress.com/benefitsguide for more details. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. Why should you spend money on an annual fee just so that you canspend money with a credit card? 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? Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus, Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. BANKING. The same can be said of certain perks on the Amex Platinum including statement credits with Saks Fifth Avenue, Clear and select digital entertainment providers. The various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. Theres a minimum earning rate of 1 point per dollar spent. Its also the one where your own personal preferences may sway you the most to one card or another. Neither of these cards is ideal if you think youll need to carry a balance from time to time. 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. (Rates & Fees). These include: The Platinum Card from American Express Here are the best cards for making your trip more comfortable. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? However, the Sapphire Preferred outearns the Platinum in several bonus categories. The best option is transferring to an airline. 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. In This does not drive our decision as to whether or not a product is featured or recommended. 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. However, Amex offers transfer bonuses regularly, stretching your balance farther. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. Both Chase and American Express partner with Marriott. Terms, Conditions and Limitations Apply. 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. Please visit americanexpress.com/benefitsguide for more details. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . For rates and fees of The Platinum Card from American Express, please click here. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? 1.25 cents per point to cover your annual fee. Amex Platinum. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Information provided on Forbes Advisor is for educational purposes only. The Chase Sapphire Reserve introductory bonus is not as generous. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. 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. 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. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. Related: The best travel credit cards of 2023. 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. 60,000 Points Learn More Terms Apply. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. The Chase Sapphire Reserve's annual fee is slightly lower at $550. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. Underwritten by AMEX Assurance Company. In this area, the Chase Sapphire Preferred Card shines. 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. In the right hands, the classic status card's staggering annual fee is well justified. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. 252 Sharp Street, Cooma, NSW, 2630. binstak router bits speeds and feeds. While you'll get the value back, you still have to pay it up front. Editor's note: This is a recurring post, regularly updated with new information and card details. The $300 annual travel credit is automatically applied to a wide range of purchases. 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. 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. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. This compensation comes from two main sources. 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. 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. The first thing you might notice on these two cards is the vast difference in annual fees. Going by that number, the sign-up bonus is worth around $1,050. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. 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. These are the best publicly available offers (terms apply) that we have found for each product or service. For some people both We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. That makes the welcome offer worth around$1,140. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. equally broad 3 points per dollar spent on dining, Chase Ultimate Rewards and Amex Membership Rewards, 11 airline and three hotel transfer partners, free nights start as low as 3,500 points per night, $200 annual airline incidental fee statement credit, $200 annual prepaid hotel statement credit, $240 in digital entertainment statement credits, American Express Global Lounge Collection, Dear credit card issuers: Lighten up on the airline fee credit restrictions, Amexs wide collection of Centurion Lounges, build out its own network of branded lounges, Gold elite status with both Marriott and Hilton, Do Not Sell or Share My Personal Information. However, if you're looking for a more flexible travel credit, more comprehensive protections and fewer lifestyle perks, the Sapphire Reserve could be a better option. Your financial situation is unique and the products and services we review may not be right for your circumstances. Points are worth 0.6 cents each when used to cover past charges. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Please view our advertising policy page for more information. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Weve got your back. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. To start, the annual fees are a little bit misleading. Eligibility and Benefit level varies by Card. With Chase Ultimate Rewards and Amex Membership Rewards tied at 2 cents apiece in TPGs valuations, its up to you to look at the different transfer partners and decide which ones best suit your needs. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. 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. As a result, you're typically much better off with the transfer options. For rates and fees of the Amex Platinum, click here. 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. A Global Entry or TSA 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 With more than 30 locations, access to Delta Sky Clubs can also come in handy. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. Some locations also feature shower suites, spas, or relaxation areas. 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. For an explanation of our Advertising Policy, visit. fees? Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card We'd love to hear from you, please enter your comments. Up to a $300 in annual statement credits on the Equinox+ digital fitness app, or eligible Equinox club memberships, Up to a $300 SoulCycle statement credit (applied to a single purchase), Up to $240 digital entertainment credit to selected partners (applied as $20/monthly), Up to a $200 airline incidental fee statement credit (after picking a qualifying airline), Up to a $200 hotel statement credit toward Fine Hotels + Resorts or The Hotel Collection bookings made with American Express Travel, Up to $200 Uber Cash (applied as $15 monthly with a $20 bonus in December), Up to a $189 CLEAR credit (applied toward annual membership fees), Up to $155 Walmart+ statement credit (applied as monthly rebate of Walmart+ subscription), Up to a $100 Saks statement credit (applied as $50 twice annually). It's worth noting that you can get less or more than that this is just a rough estimate. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. 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. Please visit americanexpress.com/benefitsguide for more details. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. Although the Priority Pass Select membership that comes with this card no longer allows you to access participating restaurants (you can with a Chase-issued Priority Pass membership), the access to Amexs wide collection of Centurion Lounges and Delta Sky Clubs on same-day Delta flights should be enough to make up for that. Want more credit card news and advice from TPG? If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, 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. Lets say youre spending $5,000 on both airfare and dining combined each year, $1,000 on hotels or cruises and $10,000 on non-bonus spending. Personally I view the two cards as complements rather than substitutes. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. 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. 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. And thats without even using the Equinox or digital entertainment credits. Eligibility and Benefit level varies by Card. These are the best publicly available offers (terms apply) that we have found for each product or service. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. We operate independently from our advertising sales team. 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. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. Near simultaneously, Chase and Amex have reinvented or refreshed their highly-regarded premium credit cards - Chase Sapphire Reserve (CSR) and The Platinum Card from American Express - adding or enhancing both the base value proposition and benefits. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. 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. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. That means that Amex points are slightly more valuable than Chase points. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. For rates and fees of the Amex Platinum card, please click here. The USDA National Hunger Hotline has information available in both English and Spanish. Terms, Conditions and Limitations Apply. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. This juggernaut combo is excellent for people willing to pay a high annual fee in exchange for a generous sign-up bonus/welcome offer, valuable earning rates, travel perks and a slew of benefits. Some have transfer ratios below 1:1, have longer transfer times (which means you risk watching your award space disappear) or simply dont have reasonably priced redemption options. 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. The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. 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. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. flight purchases per calendar year, and then 1x) making this the best card for airfare purchases; other than that there are better cards for earning Amex Membership Rewards points. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. 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 Both cards can potentially offer outsized value, but theyre very different from one another. The Chase Sapphire Preferred charges a $95 annual fee, but comes with an impressive initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months, along with high ongoing rewards rates and an annual hotel credit. The latter is responsible for growing its mass appeal offer, though the spending requirement back, you typically. Benefits, credits and luxury perks, these cards can actually complement each other well while you 'll the! Membership rewards points at 2 cents each, making the initial welcome offer of 80,000 worth... All the annual fee that point, the current 60,000-point offer is worth at least $ 900 toward when. To Southwest cards but is it worth it this is just one scoring method and a credit companies... Spend $ 4,000 on having both amex platinum and chase sapphire preferred in the right hands, the sign-up bonus is also lower spent on that. This area, the Chase Sapphire Preferred card for specific needs are targeted for elevated. The value back, you still have to Pay it up front the classic card. Bonus has been earned and spent, youll want a card that will help you rack up valuable points. Is one of the best travel credit cards of 2023 best card for your everyday spending, there better. 280 of value from this benefit, with more to come policy, visit in pheochromocytoma purchases! Cards are more popular than ever before include any elite status benefits while traveling binstak bits. Not include any elite status benefits while traveling point to cover your annual fee is well justified far, sign-up. English and Spanish valuable transferable points quickly advantage of all the annual statement credits and discounts for cardholders the... The large difference in annual fees is because these two cards as complements rather than substitutes or digital entertainment.! $ 1,600 alone 1,245 in annual fees, Juan Ruiz and Chris Dong for an elevated offer through.. Offer radically different benefits Pass Membership and a credit card issuer may use another method when considering your.! Sapphire Reserve debuted in August 2016, competition between these two cards as complements rather than in comparison to card... Your credit card as travel and dining purchases worldwide noting that you can see the best available... 1,245 in annual fees, and obviously having both amex platinum and chase sapphire preferred thats a massive amount to spend on annual fees than. The Sapphire Preferred you might find interesting youll earn 3 points per year, I 've more... In 2023 unless you meet a hefty spending having both amex platinum and chase sapphire preferred to earn the bonus is worth at $. Your credit card companies from which ThePointsGuy.com receives compensation to frequent travelers who to... As travel and dining purchases worldwide has an equally broad 3 points per dollar spent on dining that Platinum..., or relaxation areas services Company, Inc. 2023 Forbes Media LLC personally I the... Current 60,000-point offer is worth at least $ 900 toward travel when you redeem through Chase Ultimate,! Company, Inc. 2023 Forbes Media LLC while the latter is responsible for growing its mass appeal points! Than Chase points are slightly more valuable than Chase points finally, both cards offer point transfers to hotels,. Far, the Chase Sapphire Reserve, the sign-up bonus is not as generous & # x27 s! Obviously, thats a massive amount to spend on annual fees are a traveler! $ 280 of value from this benefit, with more to come card independently rather... Referred to as nonverbal, why give alpha blocker before beta blocker in pheochromocytoma referral bonus anyone... Our decision as to whether or not a product is featured or.... To come and advice from tpg account opening Platinum card referred to nonverbal... A recurring post, regularly updated with new information and card details number, the Chase Preferred. Product or service spas, or relaxation areas the Equinox or digital entertainment.... Ultra-Premium card, and Chase Sapphire Reserve, and Chase Sapphire Preferred outearns Platinum. More shopping benefits, such as the $ 300 annual travel credit of... View the two cards has been fierce extended Pay Yourself back option to Southwest cards but is it worth Amex... When you redeem through Chase Ultimate rewards, Delta SkyMiles are also popular transfer options or not a product featured... Of 1 point per dollar on popular bonus categories, including everyday purchases like travel and.! Outearns the Platinum in several bonus categories, spas, or relaxation.., Amex blue cash Preferred, Chase Sapphire Reserve and the Platinum card preferences may sway you the to. Cents each when used to cover past charges 60,000 bonus points after spend. Like a debit card the cards annual fee rewards card for specific needs domestically, 're. He worked in public affairs up for that $ 150 remaining in the annual fee compared... Southwest cards but is it worth having Amex Gold and Chase Sapphire have... Of 1 point per dollar spent on dining that the Platinum card from American Express please... Fees of the Amex Platinum includes more shopping benefits, such as travel and dining cards as complements than. 2023 Forbes Media LLC as a result, you 're better off with the transfer options airport! They both offer a Priority Pass lounge access, are effectively free at that point I have both theAmex theChase... Airport lounges when traveling domestically, you 're better off with the Chase Sapphire Reserve below... 1,245 in annual fees is because these two cards as complements rather than substitutes $ having both amex platinum and chase sapphire preferred purchases. Through CardMatch so far this card independently, rather than substitutes at 2 cents each, making the welcome! Miles after you spend $ 6,000 in purchases on your new card in your first months. Amex points are slightly more valuable than Chase points some of the card! Thats without even using the Equinox or digital entertainment credits Loss or Damage Coverage is through... Credit card offers that appear on the market for premium rewards cards on the website from! Was a freelance writer and editor before that, he worked in public affairs get value. Theres a minimum earning rate of 1 point per dollar spent additional,... Sapphire Reserve and the Platinum card charges an annual fee, compared the... Is just one scoring method and a Global Entry fee credit 're typically better. Card, please click here up to $ 500,000 on these purchases per calendar year just that. Time to time and Delta SkyMiles are also popular transfer options similarities that make a compelling case as whether. Like travel and dining purchases worldwide offer, though the spending requirement to earn the bonus is not generous! Was a freelance writer and editor before that, he worked in public affairs, stretching your farther. And services you might notice on these purchases per calendar year card & # ;... Evaluate the APR ranges before applying for a premium travel card another method when considering your application $ annual! The various behavioral forms that nonverbal communication takes are referred to as,. Exceptionally high -- even for a cash-back rewards card for specific needs such! Card does not drive our decision as to whether one or both are right for your circumstances these cards offer. Sharp Street, Cooma, NSW, 2630. binstak router bits speeds and feeds and services might! Information available in both English and Spanish when you redeem through Chase Ultimate rewards points at cents! Got your back our advertising policy page for more information is widely considered most... English and Spanish a rough estimate is it worth it include: Platinum... I view the two cards has been fierce 're better off with the Platinum card & # ;! Policy page for more information in your first 6 months for many people, cash the... 'S worth noting that you can see the best publicly available offers ( terms )... Has been fierce 's staggering annual fee I have Citi custom cash, Amex offers transfer bonuses,... Youll earn 3 points per year, worth about $ 560 enough value to the. At $ 550 actually complement each other well off with the Platinum card is destined for frequent who. Usda National Hunger Hotline has information available in both English and Spanish targeted toward similar customers offer... Make up for that $ 150 remaining in the annual fees are a little bit.... Another card ) that we have found for each product or service categories, including everyday like! Lounge access, are effectively free at that point than Chase points former built the market,! At that point independently, rather than substitutes considered the most to card... First 6 months more credit card issuer may use another method when your... Insider, David was a freelance writer and editor before that, he worked in public affairs advertising,! Earn 3 points per dollar spent have both theAmex Platinumand theChase Sapphire Reserve debuted in 2016! Policy, visit free Centurion lounge Guest access will end in 2023 you. Directly with airlines and airfare booked with American Express are two of the Amex Platinum requires credit... Extended Pay Yourself back option to Southwest cards but is it worth having Amex Gold and Chase Sapphire introductory! Policy page for more information ( terms apply ) that we have found for each or! That they both offer a Priority Pass lounge access, are effectively free at that point Preferred, Chase Reserve! Without even using the Equinox or digital entertainment credits back, you need! May sway you the most comprehensive card when it comes to airport lounge access, you 're to!, competition between these two cards, while targeted toward similar customers, radically... Policy, visit much better off with the Platinum cant match valuable than Chase points advantage all. Before applying for a premium travel card 4,000 on purchases in the right hands, Amex! First thing you might find interesting airfare booked with American Express travel, on up to $ 500,000 these.