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. Capital One Venture X Rewards Credit Card . The Forbes Advisor editorial team is independent and objective. 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. 3x points on dining and travel. 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. We'd love to hear from you, please enter your comments. 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. Right on! Best Overall: Chase Sapphire Preferred Card. Nowadays premium credit cards are more popular than ever before. 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. 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. 2023 Forbes Media LLC. 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. 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. Check here before booking an award fare. But who wants to pay $1,245 The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. That's only $667 per month of spending required to hit the bonus! Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. That means that Amex points are slightly more valuable than Chase points. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. Subscribe to our newsletter. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. Terms apply to the offers listed on this page. all about the points earning potential and great purchase protection. 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). $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Terms, Conditions and Limitations Apply. For many, the $500-plus annual fees that come with ultra-premium travel cards such as the Chase Sapphire Reserve and The Platinum Card from American Express aren't justifiable. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. A bunch of annual credits a $300 annual Equinox credit (enrollment required), a $240 annual digital entertainment credit (enrollment required), a $200 annual hotel credit, a $200 annual airline fee credit (enrollment required), a $200 annual Uber credit (enrollment required), a $189 annual CLEAR credit, and a $100 annual Saks credit, The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta SkyClubs, a Priority Pass membership (enrollment required), and more, 5x points on airfare purchased directly from airlines (on up to $500,000 in 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. Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. Eligibility and Benefit level varies by Card. 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. These are promotions offered in partnership with merchants that can be added to your card online. Both cards can potentially offer outsized value, but theyre very different from one another. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. Terms, Conditions and Limitations Apply. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 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. 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 Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? $50 annual hotel credit that can be used for any booking. Learn More Terms Apply. Terms, Conditions and Limitations Apply. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. Make sure your credit card checks off these 5 boxes when traveling internationally. The following links will direct you to the rates and fees for mentioned American Express Cards. A native New Yorker and avid photographer, David previously covered travel, credit-card rewards, and frequent-flyer programs. 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. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. INVESTING. In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). BANKING. 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. Weve got your back. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Eligibility and Benefit level varies by Card. Customize Reject All Accept All Customize Consent Preferences For some travelers, that. 50,000 Miles 90,000 Miles! The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. Final Verdict. Download the free TPG App to start spending like a pro. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. 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. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. Points transfer to participating partner programs, many at a 1:1 ratio. Secondary car rental coverage. Your financial situation is unique and the products and services we review may not be right for your circumstances. 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 various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. Underwritten by AMEX Assurance Company. 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. Just decline the collision/damage/loss coverage offered by the rental agency. CREDIT MONITORING. Card Members are responsible for the costs charged by third-party service providers. Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. 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. Eligibility and Benefit level varies by Card. Nowadays premium credit cards are more popular than ever before. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. Improve earnings, maximize rewards and track progress toward dream trips. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card However, since earning the welcome offer, I don't often use my Platinum Card for everyday spending unless I need to in order to to get a certain benefit or unlock an Amex Offer. If you fly even just a few times each year, such substantial lounge access can be valuable. You can get up to $200 a year in Uber credits each card member year. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Sometimes you can even be reimbursed for airline gift cards that you can apply toward tickets, even though this is an unpublished benefit do some Googling to see whether that works on your airline of choice. Eligibility and Benefit level varies by Card. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Although they both have high annual fees, they each. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. Are you sure you want to rest your choices? Subscribe. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and Search For: Get cheap travel tips to your inbox! However, some people may even find that it makes sense to carry both cards. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Is it worth having Amex Gold and Chase Sapphire Preferred? Plus, enjoy premium rental car status with Avis, Hertz and National. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. He went from studying abroad in Paris to moving to Shanghai after graduating college, where he covered all things travel in the Asia-Pacific region for TPG. Youll earn 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. We frequently receive products free of charge from manufacturers to test. 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. We operate independently from our advertising sales team. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. The best option is transferring to an airline. 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. Unless you value the airline lounge access or can take advantage of the American Express Platinums many potential credits, most people will find greater value overall with the Chase Sapphire Preferred. 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. 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. This is just one scoring method and a credit card issuer may use another method when considering your application. There are also 11 American Express lounges in international airports. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. 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. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. New cardholders can earn 100,000 points on the welcome offer after spending $6,000 on purchases in the first six months of card membership. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Underwritten by New Hampshire Insurance Company, an AIG Company. Airfare booked through the Ultimate Rewards portal. This site does not include all credit card companies or all available credit card offers. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel 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. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. It's worth noting that you can get less or more than that this is just a rough estimate. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Points are worth 1 cent each when redeemed as cash back. Access is exclusive for Platinum and Centurion (Black) cardholders. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. To me, the only thing that the Amex Platinum and Please visit americanexpress.com/benefitsguide for more details. 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 Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. This post contains references to products from one or more of our advertisers. This is worth approximately $2,000 to $2,500 depending on your redemption method. After the two AMEX cards I probably won't get anymore. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. The overlap between groups has ______ in americas residential neighborhoods and workplaces. Elite status at hotels often includes perks like daily breakfast, room upgrades, early check-in or late checkout, premium internet, lounge access, free nights, points-earning bonuses, and more. Points can also be transferred to any of Chase's 14 airline and hotel partners. 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%. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. The offers on this page have updated or changed since the time of publication. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. 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