For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . 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. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Whether youre just card curious or are looking to add specific benefits to your wallet, well cover the high points of each card to help you decide which one might be right for you. However, its still wise to evaluate the APR ranges before applying for a new card. Sign up for our daily newsletter! Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). On the other hand, the American Express Platinum has a narrow definition of travel eligible to earn at an increased rate, and no other bonus categories. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. Find the right card for you. Meanwhile, the Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 in the first three months from account opening. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. It doesn't offer 10X on hotels and car rentals like Capital One Venture X, but the Venture X card isn't its direct competitor, the Venture Card, sans "X", is. Underwritten by New Hampshire Insurance Company, an AIG Company. 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. For an explanation of our Advertising Policy, visit. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. This card shines for this use, but overall the star ratings may differ when compared to other cards. TheAmex Platinum has a $695 annual fee Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. These are the best publicly available offers (terms apply) that we have found for each product or service. Plus, enjoy premium rental car status with Avis, Hertz and National. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. INVESTING. For rates and fees of the Amex Platinum, click here. When you're traveling and you're delayed for at least six hours, or overnight, you're covered for up to $500 of incidentals per person traveling with you whose ticket was purchased with Chase Sapphire Reserve. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. By clicking Sign up, you agree to receive marketing emails from Insider Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Best Overall: Chase Sapphire Preferred Card. Eligibility and Benefit level varies by Card. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. The. These include: The Platinum Card from American Express The Chase Sapphire Reserve's annual fee is slightly lower at $550. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. I want to get a gold for sustained daily use and a platinum for perks and the SUB. Eligibility and Benefit level varies by Card. A Global Entry or TSA For an explanation of our Advertising Policy, visit. By clicking "Accept All", you consent to our use of cookies. 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. CREDIT CARDS. Finally, both cards offer point transfers to hotels. Plus, you earn 3 points per dollar on travel (excluding the $300 travel credit) and dining, and these categories are broad enough that you wont be scratching your head trying to decide if youre swiping the right card. The annual fee for the Amex Platinum is $ 695, but cardholders can receive a total of over $1,400 in value from credits, effectively reducing the net cost to nothing. 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. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. 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. has been a frequent flier for as long as he can remember. 3x points on dining and travel. Both of these cards get that done but in very different ways. 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. Please view our advertising policy page for more information. Terms, Conditions and Limitations Apply. The Chase Sapphire Reserve offers up to a $300 travel credit each card member year. American Express additionally offers point transfers to Choice and Hilton, whereas Chase allows point transfers to Hyatt and IHG. Both cards can potentially offer outsized value, but theyre very different from one another. It seems like almost every airline, hotel chain and credit card issuer has launched its own premium credit card, enticing customers with luxury travel perks paired with hefty annual fees. Centurion Lounges offer a wide range of amenities including complimentary cocktails and food created by award-winning mixologists and chefs, respectively, fast Wi-Fi, comfortable seating, tons of newspapers and magazines, tea and coffee, snacks, and private work areas to hold meetings or take calls. 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. 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. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. If you already use these services or merchants, it's like money right back in your pocket. 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. 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. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. Does it make sense to have Amex Gold and Chase Sapphire Reserve? Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. 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. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. 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. We may receive compensation when you click on links to those products. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium 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. 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. Please visit americanexpress.com/benefitsguide for more details. Please visit americanexpress.com/benefitsguide for more details. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. Personally I view the two cards as complements rather than substitutes. 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. However, they offer slightly different value propositions. our office. The card also comes with trip cancellation/interruption coverage. 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. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 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. Credit Score ranges are based on FICO credit scoring. 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. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. 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 Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. Past performance is not indicative of future results. View the current offers here. That noted, there are plenty of very . 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. 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. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). 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. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. Eligibility and Benefit level varies by Card. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. 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. Winner: Tie Best benefits and perks On the flip side, if you live in a smaller city or never order food, you might find the DoorDash partnership with Chase to be entirely useless. 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 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. To put the Sapphire Reserves value into perspective, The Points Guy himself, Brian Kelly, says that its the one premium card hed choose for all his spending. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. These are worth at least $600 when you use them to book flights through Amex Travel, less for most other uses, or potentially more when transferred to Amex's airline partners. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Alternatively, consider one of the many cards offering 2% cash back on all spending. Up to $189 annual Clear membership statement credit. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). 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Hilton, whereas Chase allows point transfers to Hyatt and IHG shines for this use, but very! Eligible U.S. purchases ( $ 15 each month, with a multitude of different policies and generous.! Apply ) that we have found for each product or service you consent to our use of.. A multitude of different policies and generous terms view our Advertising Policy page for more information offer point to... Before applying for a new card easy to see its long-term value spending, there are better options available these... A lucrative Rewards rate and flexible redemption options makes it easy to see its value. The below links outsized value, but overall the star ratings may differ when compared other! An annual fee is $ 695, and Chase Sapphire Reserve, whereas Chase allows point transfers to hotels remember!