Sometimes you can even be reimbursed for airline gift cards that you can apply toward tickets, even though this is an unpublished benefit do some Googling to see whether that works on your airline of choice. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. 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. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Charge card vs Credit Card The Chase Sapphire Reserve is a credit card while the American Express Platinum is a "charge card." A charge card must be paid off in full each month or else you face a hefty monthly fee. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. Email us at reviews@businessinsider.com. 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. 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. Nowadays premium credit cards are more popular than ever before. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, 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 Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. 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. This gives you an absolute minimum redemption value of 1.5 cents per point, meaning you can book a seat on any flight thats for sale, even if there isnt award space available. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. Furthermore, I earn lots of bonus points and get great travel protection with the card. This does not drive our decision as to whether or not a product is featured or recommended. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. 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. No single credit card is the best option for every family, every purchase or every budget. 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. is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. Please view our advertising policy page for more information. Do you have the Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Neither of these cards is ideal if you think youll need to carry a balance from time to time. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Delta SkyMiles Platinum American Express Card . sippican nursing home / example of a petition to the court / chase sapphire vs amex platinum two-step verification gmail garmin vivoactive 3 gps not working chase sapphire vs amex platinum 1 Ultimately, your particular travel patterns will determine which rewards program is better for you. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. 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. Its true the Amex Platinum offers Delta Sky Club access. 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. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. Lets take a look below at the most popular and valuable perks available (note that enrollment is required for select benefits): Up to $200 annual airline incidental fee statement credit. If youre anything like me, the math may make sense on both cards. 1.5 cents per point for select charitable donations through Dec. 31, 2023. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. Terms apply to offers listed on this page. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. fee and offers: Read a full review of the Chase Sapphire Reserve Card, and read my take on whether the Chase Sapphire Reserve is independently worth it. 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. Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Enjoy access to more than 1,400 airport lounges worldwide through the Global Lounge Collection. Chase offers no equivalent benefit. Both cards can potentially offer outsized value, but theyre very different from one another. CREDIT MONITORING. These are promotions offered in partnership with merchants that can be added to your card online. 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. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per dollar on flights booked directly with airlines or AMEX travel. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. 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. Amex Platinum. 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. Underwritten by AMEX Assurance Company. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. To view rates and fees for The Platinum Card from American Express please visit this page. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Just decline the collision/damage/loss coverage offered by the rental agency. Underwritten by AMEX Assurance Company. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Some locations also feature shower suites, spas, or relaxation areas. 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. 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. This section explains the subject of divorce law in New Jersey. For an explanation of our Advertising Policy, visit. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. Underwritten by New Hampshire Insurance Company, an AIG Company. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. 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 In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). However, not everyone uses a ride-sharing service or places an Uber Eats order in the U.S. once a month, which means the 10 points per dollar spent on Lyft rides with the Sapphire Reserve might be a more valuable option. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. 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. You can get up to $200 a year in Uber credits each card member year. 1.25 cents per point to cover your annual fee. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Points are worth 0.6 cents each when used to cover past charges. We may receive compensation when you click on links to those products. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Thats $750 when you redeem through Chase Ultimate Rewards. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. Since Amex only allows you to earn a welcome offer on each of its cards once per lifetime, it might be tempting to hold off on applying for the Amex Platinum in hopes that you may be targeted through CardMatch for a higher bonus at some point in the future. 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. Learn more. 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. That makes the welcome offer worth around$1,140. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. Past performance is not indicative of future results. Chase Sapphire Preferred Card . However, Amex offers transfer bonuses regularly, stretching your balance farther. For some people both For example, 60,000 points are worth $750 toward travel. CREDIT CARDS. Or maybe youre wondering why these two cards are so popular among frequent travelers. Terms, Conditions and Limitations Apply. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. The The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. Money. How To Find The Cheapest Travel Insurance, Citi / AAdvantage Executive World Elite Mastercard, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership, 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, 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. 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Companies from which Insider receives compensation ( for a credit card content and points.
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