Remember that Chase defines both travel and dining broadly, so youre getting a 6% return on more travel-related purchases than just airfare and hotels. 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. Are you sure you want to rest your choices? It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. 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. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. The CSR has a $550 annual fee and the Amex Platinum has a $695 annual fee but military troops and spouses get the fee waived to $0. Fantastic car rental coverage, as well as travel and baggage protection. Get our daily email for the latest in travel, flight deals, and how . Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. Unfortunately, covering past charges yields just 0.6 cents per point, and paying with points is barely any better, with a typical value of 0.7 cents per point. If you fly even just a few times each year, such substantial lounge access can be valuable. This is worth approximately $2,000 to $2,500 depending on your redemption method. The catch is that not everyone is going to use all of those credits. $(function () { init(); setTimeout(function () { init(); }, 400); function init() { compareWidgetAlignment(); bindEvents(); showRatingTooltip(); } function bindEvents() { $(window).on('resize', window.throttle(windowResizeHandler)); } function compareWidgetAlignment() { document.querySelectorAll('.compare-cc-wrapper').forEach(function (ele) { setSameHeightForElements(ele.querySelectorAll(".top-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-heading")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-title")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-rating-img-wrapper")); setSameHeightForElements(ele.querySelectorAll(".apply-now-btn-wrapper")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-below-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper")); setSameHeightForElements(ele.querySelectorAll(".card-img-inner-wrap")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-reward-rate")); setSameHeightForElements(ele.querySelectorAll(".detail-wrapper"), '0'); setSameHeightForElements(ele.querySelectorAll(".partner-offer"), '0'); }); } setTimeout(function () { document.querySelectorAll(".loader").forEach( function(item){ return item.style.display = "none"; }); }, 1100); function applyHeightAuto(cardsList) { cardsList.forEach(function (card) { card.style.height = 'auto'; }); } function getMaxHeight(cardsList) { return Math.max.apply(null, $(cardsList).map(function () { return $(this).outerHeight(); }).get()); } function setSameHeightForElements(cardsList) { applyHeightAuto(cardsList); var maxHeight = getMaxHeight(cardsList); cardsList.forEach(function (card) { card.style.height = maxHeight + 'px'; }); } function windowResizeHandler() { compareWidgetAlignment(); } function showRatingTooltip() { var device_type = getDeviceTypeInNumber(window.deviceType); if (device_type === 1) { $('.card-rating').on('mouseenter', function () { $(this).find('.card-rating-tooltip').addClass('show'); }); $('.card-rating').on('mouseleave', function () { $(this).find('.card-rating-tooltip').removeClass('show'); }); } else { if (!window.tooltipMobileEvent) { window.tooltipMobileEvent = true; $('body').on('click', function (e) { var ratingComponent = $(e.target).closest(".card-rating"); var ratingTooltip = ratingComponent.find('.card-rating-tooltip'); if (ratingComponent.length >0 && !ratingTooltip.hasClass('show')) { ratingTooltip.toggleClass('show'); } else if ($('.card-rating-tooltip').hasClass('show')) { $('.card-rating-tooltip').removeClass('show'); } }); } } } }); If you are considering the Chase Sapphire Preferred Card or the The Platinum Card from American Express (Terms apply. Terms, Conditions and Limitations Apply. Ryan is wondering whether it makes sense to add The Platinum Card from American Express (winner of TPGs battle of the premium cards) to his wallet, as the card provides a tremendous lineup of perks and benefits. 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. To me, the only thing that the Amex Platinum and 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. $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. The American Express Platinums current welcome bonus is: 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. Let me break down why these cards serve such different purposes.Basics of the Amex Platinum CardBasics of the Chase Sapphire Reserve CardWhy the cards are complements, not substitutesBut who wants to pay $1,245 in annual Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? 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 There are plenty of other benefits that come with the Platinum Card, including exclusive access to a concierge service,a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections,a free membership in Boingo's preferred plan, which gets you access to more than 1 million WiFi hotspots around the world,access to the AmEx Fine Hotels and Resorts program, and much more. Terms, Conditions and Limitations Apply. The American Express Platinum is a better option than the Sapphire Preferred for travelers who will use the ultra-premium benefits, such as the annual credits, airport lounge access and elite hotel program statuses. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. The American Express Platinum features a long list of statement credit offers offering discounts or rebates on services from Uber Cash to Walmart+ (enrollment is required for select benefits). $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. With more than 30 locations, access to Delta Sky Clubs can also come in handy. These are provided as guidelines only and approval is not guaranteed. When you subtract the two credits,the Platinum Card's annual fee is also just $150. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. For an explanation of our Advertising Policy, visit. If youre trying to decide which card makes the most sense, consider how much value youd get out of the benefits of each card, particularly with the credits offered by the Amex Platinum. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. 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. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. 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. It earns one point per dollar on everything else. 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. CREDIT CARDS. Eligibility and Benefit level varies by Card. Money. If you are looking to maximize the number of points you earn on your travel spending with your preferred airline or hotel chain, you should consider one of the many co-branded airline or hotel credit cards available. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. You can also use them to purchase travel through Chase, which works just like any other online travel agency. On quick thought, that makes sense. Underwritten by New Hampshire Insurance Company, an AIG Company. Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. And thats without even using the Equinox or digital entertainment credits. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. LOANS. In some cases, we receive a commission from our partners; however, our opinions are our own. Want more credit card news and advice from TPG? Terms, conditions and limitations apply. Trip cancellation/interruption insurance. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. 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. This site does not include all credit card companies or all available credit card offers. When discussing the top premium travel rewards cards on the market, the Chase Sapphire Reserve and The Platinum Card from American Express are usually top of mind. 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. Ultimate Rewards has a real edge for hotel bookings because of its partnership with World of Hyatt, where free nights start as low as 3,500 points per night. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. He primarily covers airlines and air travel. 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. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Basically, treat your credit card like a debit card. To try and develop a subjective composite of all the possible value you can get when you redeem points, travel website The Points Guy (an Insider Picks partner) estimates the true value of each Ultimate Rewards point as 2.1. Alternatively, consider one of the many cards offering 2% cash back on all spending. page for a list of current offers. 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. You'll earn about 3,000 points per month, or 36,000 in a year. Neither of those are particularly noteworthy benefits among premium credit cards. 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. Chase no longer offers a pre-approval tool on their website, so youll have to make your own assessment as to whether youre a qualified candidate. Terms apply to the offers listed on this page. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Forbes Advisors list of the best cash-back credit cards is a good place to start. Some locations also feature shower suites, spas, or relaxation areas. If you buy them, we get a small share of the revenue from the sale from our commerce partners. We'll run a soft credit check to find special offers, but it wont affect your credit score. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. Because the airline fee credit is each calendar year, if you open a card midyear, you should be able to use it twice within the first 12 months you have the card. 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. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. Finally, both cards offer point transfers to hotels. Winner: Tie Best benefits and perks Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. That's $750 when you redeem through Chase Ultimate Rewards. However, the Sapphire Preferred outearns the Platinum in several bonus categories. Furthermore, I earn lots of bonus points and get great travel protection with the 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. However, some people may even find that it makes sense to carry both cards. 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. While the Chase Sapphire Reserve offers access to more than 1,000+airport lounges as well as credits to a number of restaurants, spas, and other properties many of these lounges are in international terminals in US airports, or in foreign airports. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. Many of these cards offer solid value, especially if youre loyal to the underlying brand. Toggle navigation dalagang bukid fish uric acid Credit Score ranges are based on FICO credit scoring. 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. 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. 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. In this area, the Chase Sapphire Preferred Card shines. 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. We may receive compensation when you click on links to those products. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. Terms, Conditions and Limitations 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. Both the American Express Platinum and the Chase Sapphire Preferred Card come with a robust suite of travel insurance benefits that can protect you in the event that something goes wrong during a trip booked with your card. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. Some of the larger locations feature showers, too. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. Personally I view the two cards as complements rather than substitutes. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. For some people both Please try again later. 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. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. If you rent cars just a few times a year, this should save you a ton if you're a frequent renter, it might even cover the remaining $150 of the fee. It's backed up by an excellent rewards program: The Chase Sapphire Preferred charges a $95 annual fee, but comes with an impressive initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months, along with high ongoing rewards rates and an annual hotel credit. Do you have the To view rates and fees for The Platinum Card from American Express please visit this page. We frequently receive products free of charge from manufacturers to test. 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 After the two AMEX cards I probably won't get anymore. Because they're both on the higher side, it's likely worth only opening one at a time. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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