60,000 Points Learn More Terms Apply. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. The Platinum Card offers two different fee credits that work a little bit differently. The foreign transaction fee on both cards is 0%. Do you have the Points are worth 0.6 cents each when used to cover past charges. The Chase Sapphire Preferreds current welcome bonus is: 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. 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. After the two AMEX cards I probably won't get anymore. This card shines for this use, but overall the star ratings may differ when compared to other cards. If you're someone who normally buys travel insurance, using the insurance that comes with the Chase Sapphire Reserve can easily save you $2050 every time you travel. No, those numbers are not typos. In this area, the Chase Sapphire Preferred Card shines. 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. 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. Does it make sense to have Amex Gold and Chase Sapphire Reserve? Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. Underwritten by AMEX Assurance Company. Disclosure: This post is brought to you by the Insider Reviews team. 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). For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. New IHG Rewards Premier Credit Card cardholders can earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Eligibility and Benefit level varies by Card. Eligibility and Benefit level varies by Card. Cardholders earn 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. We may receive compensation when you click on links to those products. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. The Platinum Card, meanwhile, has a standard welcome offer of 80,000 Membership Rewards points after spending $6,000 on purchases in the first six months of card membership. Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. 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. The catch is that not everyone is going to use all of those credits. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. 1.25 cents per point for purchases at gas stations and grocery stores. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Both can easily justify the card's annual fee in your first year. For example, 60,000 points are worth $750 toward travel. 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 This post contains references to products from one or more of our advertisers. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. Eligibility and Benefit level varies by Card. best credit cards These are the best publicly available offers (terms apply) that we have found for each product or service. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. We operate independently from our advertising sales team. Terms, conditions and limitations apply. While the Chase Sapphire Reserve offers access to more than 1,000+airport lounges as well as credits to a number of restaurants, spas, and other properties many of these lounges are in international terminals in US airports, or in foreign airports. 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? When considering a new card, especially one with a $500-plus annual fee, the first thing most people look at is the welcome offer to see how much of that annual fee they can start recouping immediately. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? In the right hands, the classic status card's staggering annual fee is well justified. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. 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. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. 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 Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. 252 Sharp Street, Cooma, NSW, 2630. binstak router bits speeds and feeds. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. (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 . If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. For an explanation of our Advertising Policy, visit. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. page for a list of current offers. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Let me break down why these cards serve such different purposes. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Not only is it a higher amount than the up-to-$200 airline fee credit that comes with the Amex Platinum, but its also much less restrictive. 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. View the current offers here. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. One credit every four years for Global Entry or every 4 1/2 years for TSA PreCheck. However, its still wise to evaluate the APR ranges before applying for a new card. The cards, however, actually complement each other quite well. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Nowadays premium credit cards are more popular than ever before. In some cases, we receive a commission from our partners; however, our opinions are our own. Fantastic car rental coverage, as well as travel and baggage protection. Editors note: This article is part of a column to answer your toughest credit card questions. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. this card independently, rather than in comparison to another card. (Rates & Fees). 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 Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. For some travelers, that. 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. 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 Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. 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. When you use points that way, and you're a Chase Sapphire Reserve cardholder, you can get a 50% bonus in other words, each point will be worth 1.5 instead. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. 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. Both Chase and American Express partner with Marriott. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. 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. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. 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. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). our office. 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. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and American Express also allows point transfers to JetBlue, but at a reduced transfer rate. 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. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. Both cards can potentially offer outsized value, but theyre very different from one another. Here's the full list of Chase's transfer partners. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Both of these cards get that done but in very different ways. 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. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. That makes the welcome offer worth around$1,140. I know that typically these two car are viewed as "rival" car. Terms, Conditions and Limitations Apply. Points are worth 1 cent each when redeemed as cash back. Black-owned Businesses. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card Please visit americanexpress.com/benefitsguide for more details. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Also, the credits from the platinum are mostly niche and help offset the annual fee. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. Personally, Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers should be able to take advantage of at least some of these credits: And, while not an annual credit, Platinum cardholders can be reimbursed up to $100 for Global Entry or up to $85 for TSA PreCheck when the application is charged to this cardthe credit is available every four years for Global Entry or every four-and-a-half years for TSA PreCheck.