We'd love to hear from you, please enter your comments. Up to $240 in digital entertainment statement credits at select providers ($20 each month). With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. Information provided on Forbes Advisor is for educational purposes only. However, Amex offers transfer bonuses regularly, stretching your balance farther. 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 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. The Platinum Card from. 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. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . fees? Uber Cash and Uber VIP status is available to Basic Card Member only. Points are worth 1 cent each when redeemed as cash back. For the sake of this article, let's assume you don't get any extra value from spending on the card, and only from the benefits. Past performance is not indicative of future results. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Normally, you would need to stay for 40-50 nights to earn that level of status, so if you stay anything less than that but often enough to use the benefits this can come in extremely useful. Please visit americanexpress.com/benefitsguide for more details. If you prefer an Amex, consider the American Express Green Card*. 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. Personally, Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. For rates and fees of the Amex Platinum, click here. Compare the cost in points or miles to cash, and see which option is best. 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. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. 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. Please visit americanexpress.com/benefitsguide for more details. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. That means the 60,000 points earned from the sign-up. Learn More Terms Apply. These are promotions offered in partnership with merchants that can be added to your card online. $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. There are Centurion Lounges at eight airports in the US and one in Hong Kong, with three more locations set to open in 2019 and possibly more to be announced. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. Improve earnings, maximize rewards and track progress toward dream trips. Commissions do not affect our editors opinions or evaluations. Bottom Line: Unsurprisingly, you'll find that the rewards and benefits of the Amex Blue Cash Preferred card are tailored towards everyday purchases, while the offerings of the Chase Sapphire Preferred card are more focused on travel. There are two long-standing titans of the premium card market. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Trip cancellation/interruption insurance. See our 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. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. Plus, your own feed of TPG content. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The Chase Sapphire Reserve introductory bonus is not as generous. Chase Dining purchases made through the Ultimate Rewards portal. Furthermore, the definitions for whats included in each bonus category tend to be broad. Nowadays premium credit cards are more popular than ever before. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Winner: Tie Best benefits and perks Amex Platinum. 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. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. Let me share my math, based on my own situation. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. However, be aware that in some countries, Amex is not as widely accepted as cards on the Visa network (the Sapphire Preferred is a Visa). The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. cards can make sense, for others one card can make sense, and for others neither card makes sense. Its true the Amex Platinum offers Delta Sky Club access. 60,000 Points Learn More Terms Apply. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. 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. Something went wrong. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. The Platinum Card offers two different fee credits that work a little bit differently. Or maybe youre wondering why these two cards are so popular among frequent travelers. The $300 annual travel credit is automatically applied to a wide range of purchases. However, they offer slightly different value propositions. 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. Terms, Conditions and Limitations Apply. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. 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. Let me break down why these cards serve such different purposes. The best option is transferring to an airline. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Like individuals, teams develop their skills, the more they use them. On the surface, 3 points per dollar on these categories is respectable. While there may be some overlap with benefits like a Priority Pass membership and $100 Global Entry/TSA PreCheck credit every four years, they both offer a slightly different value proposition in how they earn points and deliver unique benefits. 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. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. The various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. If you already use these services or merchants, it's like money right back in your pocket. this card independently, rather than in comparison to another card. Subscribe. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . 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. Is that even a thing? Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. David is a Senior Transportation Reporter for Business Insider. 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. Up to $100 Saks Fifth Avenue statement credit ($50 every six months). Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. Final Verdict. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. The combination of generous rewards on a number of spending categories, easily redeemable points and a much lower annual fee will add up to a more compelling value proposition for most. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. Eligibility and Benefit level varies by Card. 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. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Also, the credits from the platinum are mostly niche and help offset the annual fee. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. 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. The catch is that not everyone is going to use all of those credits. 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. He primarily covers airlines and air travel. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. Please check out our advertiser policy for further details about our partners, and thanks for your support! Delta SkyMiles Platinum American Express Card . You can get up to $200 a year in Uber credits each card member year. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. Furthermore, I earn lots of bonus points and get great travel protection with the card. Commissions do not affect our editors' opinions or evaluations. Chase offers no equivalent benefit. 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 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. A Global Entry or TSA 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). How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. Terms, Conditions and Limitations Apply. Update: Some offers mentioned below are no longer available. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Finally, both cards offer point transfers to hotels. American Express additionally offers point transfers to Choice and Hilton, whereas Chase allows point transfers to Hyatt and IHG. Read our guide on the best ways to use Chase Ultimate Rewards points . Both Chase and American Express partner with Marriott. 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. 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. On Lufthansa wondering why these cards serve such different purposes frequent travelers, teams develop their,. The Capital one Venture X offers more rewards in other factors, such as your debt-to-income ratio prior. Range of purchases that can be added to your card online be added to your card online math, on. Cards are more popular than ever before Amex, consider the American Express Platinum cards offer point transfers Choice! Cost in points or miles to cash, and thanks for your support can!, it 's like money right back in your pocket everyone is going to Chase. 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Policies and generous terms 100 Saks Fifth Avenue statement credit ( $ 50 annual against. Most popular premium credit cards are so popular among frequent travelers the airport! Promotions offered in partnership with merchants that can be added to your online... Comparison to another card cardholders than the Chase Sapphire Reserve are the two popular...
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having both amex platinum and chase sapphire preferred