Terms, Conditions and Limitations Apply. Learn More Terms Apply. The Platinum card offers access to over 1,400 airline lounges worldwide through the American Express Global Lounge Collection, which includes Priority Pass, Centurion and Centurion Studio lounges. Amex Platinum. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. We operate independently from our advertising sales team. Still, if you travel several times a year, it may be worth considering both as part of your card portfolio as long as you can tackle the hefty annual fees. For rates and fees of The Platinum Card from American Express, please click here. 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. Underwritten by New Hampshire Insurance Company, an AIG Company. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. 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. If your budget allows, consider using the designated spending period to make major purchases you were planning on anyway, such as home appliances, car repairs or electronics. The following links will direct you to the rates and fees for mentioned American Express Cards. 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. * (Underwritten by AMEX Assurance Company. Terms apply to the offers listed on this page. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card Subscribe. 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. 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. The welcome offer alone is worth $2,000, according to TPG valuations. Eligibility and Benefit level varies by Card. Learn more. Eligibility and Benefit level varies by Card. Chase Sapphire Preferred Card . Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Some of the larger locations feature showers, too. Performance information may have changed since the time of publication. TPG also values Ultimate Rewards points at 2 cents each, making this bonus worth $1,200. Like individuals, teams develop their skills, the more they use them. Let me break down why these cards serve such different purposes. Keep in mind that we're focusing on the rewards and perks that make these cards great options, not things like interest rates and late fees, which can far outweigh the value of any rewards. 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. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. 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. Both cards can potentially offer outsized value, but theyre very different from one another. (Rates & Fees). 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. 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. 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 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. 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. 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. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Please visit americanexpress.com/benefitsguide for more details. Please view our advertising policy page for more information. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. It's a valid thought, but the fact is that many cards with annual fees come with valuable rewards and benefits that, when used properly, outweigh the yearly fee. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Fly round trip to London for as low as $431, Did Norwegian Cruise Line make its new ships too small? Executives hint at an answer. The card has an annual fee of $150 and earns 3 points per dollar on restaurant purchases, 3 points per dollar on travel including flights, hotels, transit, taxis, tours, and ridesharing services and 1 point per dollar on other purchases, which can quickly add up if you are spending thousands of dollars on travel every month. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. 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. Underwritten by AMEX Assurance Company. 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. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Eligibility and Benefit level varies by Card. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. We'll run a soft credit check to find special offers, but it wont affect your credit score. Underwritten by New Hampshire Insurance Company, an AIG Company. Up to $189 annual Clear membership statement credit. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. Thats $750 when you redeem through Chase Ultimate Rewards. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. 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. Eligibility and Benefit level varies by Card. This post contains references to products from one or more of our advertisers. As a result, you're typically much better off with the transfer options. 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. 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. Terms, Conditions and Limitations Apply. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of 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. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. United customers should look at the United Club Infinite Card. 1.25 cents per point for purchases at gas stations and grocery stores. Is that even a thing? Nonverbal communication is defined as how people communicate with each other without talking or writing. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. The overlap between groups has ______ in americas residential neighborhoods and workplaces. 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. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. If you take even just a few trips a year, that should negate the remainder of the annual fee. CREDIT MONITORING. It earns one point per dollar on everything else. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. In Section 3.4, new literature is explored and the assessment of impacts and projected risks is updated for a large number of natural and human systems. By clicking Sign up, you agree to receive marketing emails from Insider Can you combine American Express and Chase points? Chase offers no equivalent benefit. The first thing you might notice on these two cards is the vast difference in annual fees. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. Subscribe to our newsletter. 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 Both Chase and American Express partner with Marriott. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. 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. page for a list of current offers. Final Verdict. Find the right card for you. There are two long-standing titans of the premium card market. 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 With that in mind, what do I recommend for people who ask me which card they should get? Fee-only vs. commission financial advisor, my full review of the Chase Sapphire Reserve, how I got more than $2,000 in value my first year with the Amex Platinum, read more about the Sapphire Reserve's trip delay insurance here, transfer them to a frequent flyer partner and redeem them for premium travel, 11 American Express lounges in international airports, The president of Emirates says passengers will never again be as comfortable as they have been aboard the enormous discontinued Airbus A380, 'Delta may be onto something': Experts describe how the company is winning with customers even though rival airlines can fit more passengers, United's CEO argued it's not a problem that airlines will keep burning tens of millions of cash per day for months, Delta's CEO reveals why the airline industry is nixing the change fees that once produced 3% of revenues and how happier travelers could make up the difference, The pandemic is reshaping airlines and how you fly will never return to 'normal', DHL execs explain how they'll capitalize on the airlift of a lifetime and deliver billions of COVID-19 vaccine doses, New data shows how US airfares plunged alongside demand early in the pandemic, dealing airlines a double blow, United is shifting its strategy as it rebuilds its flight schedule, targeting new pockets of demand in Africa, India, and Hawaii, American will lose its crown as the biggest US airline and could fall behind Delta and United as it struggles to pay off $38 billion in debt, A Bill Gates-backed aviation startup founder reveals how he got $21 million to build a hydrogen plane that won't go to market for a decade, An American Airlines worker reveals why he's giving up his dream job and his paycheck to take a buyout, JetBlue founder David Neeleman reveals how his new airline can succeed by flying weird routes for low prices, Airline CEOs say it doesn't matter how well they protect passengers from COVID-19 travel demand won't bounce back until the pandemic ends, Boeing may have to shell out billions to airlines after regulators erased one of the 737 Max's key selling points, Airbus redesigned a key part of the A350 jet cockpit after spilled drinks caused two midair engine shutdowns, I flew on Qantas' 'Project Sunrise,' a nonstop flight from New York to Sydney, Australia, that took almost 20 hours and covered nearly 10,000 miles here's what it was like. 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