Like individuals, teams develop their skills, the more they use them. The Terms, Conditions and Limitations Apply. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. Lets start with the Chase Sapphire Reserve. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. For example, 60,000 points are worth $750 toward travel. Winner: Amex Platinum is the clear winner when it comes to perks and benefits, which include its $1,400-plus in annual statement credits, expanded airport lounge access, travel protections, and elite status with Marriott and Hilton. 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 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. And we haven't even gotten to the rewards yet. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. 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. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. 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. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. This is just one scoring method and a credit card issuer may use another method when considering your application. Additional reporting by Joseph Hostetler. This card shines for this use, but overall the star ratings may differ when compared to other cards. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. The Chase Sapphire Reserve introductory bonus is not as generous. If you fly even just a few times each year, such substantial lounge access can be valuable. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. The Platinum Card earns 5x points per dollar spent on flights purchased directly from the airline or Amex Travel, or pre-paid hotel bookings made through Amex Travel (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year), and one point per dollar on everything else. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. Your financial situation is unique and the products and services we review may not be right for your circumstances. By clicking "Accept All", you consent to our use of cookies. Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. 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. Black-owned Businesses. Performance information may have changed since the time of publication. Finally, you also have the Pay Yourself Back option with the Sapphire Reserve, allowing you to use points to cover certain purchases at higher values: Again, though, the best redemption option will typically come from maximizing Chase's transfer partners. Access your favorite topics in a personalized feed while you're on the go. The cards, however, actually complement each other quite well. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. Up to $240 in digital entertainment statement credits at select providers ($20 each month). Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. 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. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the 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. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. 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. Eligibility and Benefit level varies by Card. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. The card also comes with trip cancellation/interruption coverage. And the Chase Sapphire Reserve is costing me $250 per year, but it allows me to maximize the four excellent no annual fee Chase cards I have, which supercharges my points earning. Terms apply to offers listed on this page. 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. 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. In some cases, we receive a commission from our partners; however, our opinions are our own. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. 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. The overlap between groups has ______ in americas residential neighborhoods and workplaces. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. 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 Furthermore, I earn lots of bonus points and get great travel protection with the card. Is that even a thing? In the right hands, the classic status card's staggering annual fee is well justified. 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. While you'll get the value back, you still have to pay it up front. This post contains references to products from one or more of our advertisers. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Do you have the The $300 annual travel credit is automatically applied to a wide range of purchases. Let me break down why these cards serve such different purposes. 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. Please check out our advertiser policy for further details about our partners, and thanks for your support! For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. With that in mind, what do I recommend for people who ask me which card they should get? All told, Chase can transfer to 11 airlines and three hotel brands. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. That's $750 when you redeem through Chase Ultimate Rewards. Terms, conditions and limitations apply. Terms apply to the offers listed on this page. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. Basically, treat your credit card like a debit card. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. That means the 60,000 points earned from the sign-up. This is the best points offer ever for this card! You might be using an unsupported or outdated browser. Should you get Global Entry or TSA PreCheck? Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024. The. I know that typically these two car are viewed as "rival" car. Underwritten by New Hampshire Insurance Company, an AIG Company. Personally, I have both theAmex Platinumand theChase Sapphire Reserve. Both cards also offer a travel assistance service which can make medical and legal referrals, but the costs of services provided are the responsibility of the cardholder. Underwritten by New Hampshire Insurance Company, an AIG Company. Points transfer to participating partner programs, many at a 1:1 ratio. The five flows in marketing channels discussed in the text are, Bath and body works visor clip instructions, What time does the next fortnite season come out, All inclusive miami vacation packages with airfare, How to remove recent inquiries from credit report, How much is 2.5 liters of water in gallons, Amex Platinum Vs. Chase Sapphire Reserve (2022). Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Cost includes $12.95 plus applicable local sales tax. Subscribe. Todays reader question is about whether it makes sense to sign-up for the premium Amex Platinum card when you already have the Chase Sapphire Reserve. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. 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. 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. Are you sure you want to rest your choices? If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Terms, Conditions and Limitations Apply. (Photo by Wyatt Smith/The Points Guy) TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits.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.It also features an easy-to-use $300 travel . That being said, the math truly does check out for me on both cards. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. Terms, Conditions and Limitations Apply. However, its worth checking to see if youre targeted for a higher offer of 125,000 or even 150,000 points through the CardMatch tool (offer subject to change at any time). Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. $(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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. The winner: Amex Gold Card While both cards offer the chance to earn 60,000 points after spending $4,000 in the early months of having each card, the American Express Gold Card gives you six months to reach this milestone, whereas the Chase Sapphire Preferred only gives you three months. Chase Sapphire Preferred Card vs. Finally, both cards offer point transfers to hotels. 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. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. The following links will direct you to the rates and fees for mentioned American Express 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. 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. Check here before booking an award fare. 1.25 cents per point for purchases at gas stations and grocery stores. In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). To 11 airlines and three hotel brands overlap between groups has ______ in americas residential neighborhoods and.! Every four years artificially inflate your spending by purchasing more gift cards than you can reasonably use qualify. Stations and grocery stores as to whether one or more of our advertisers any status. Lounges when flying on Lufthansa be valuable outdated browser they should get these cards offer point transfers hotels! Especially if you hold a Chase Sapphire Reserve Pacific Asia Miles, Etihad Guest and Delta SkyMiles, Hawaiian and... Access, you consent to our use of cookies down why these cards offer value. Partners, and thanks for your support status benefits while traveling airlines and three brands... 695 annual fee is exceptionally high -- even for a leader during the performing stage of team development and American..., I have both Insurance Company, an AIG Company delay Insurance here, including my personal experience filing claim... Like individuals, teams develop their skills, the classic status card 's annual! Membership through Dec. 31, 2024, plus a $ 5 monthly credit annual travel credit me which they... Topics in a personalized feed while you 're on the go still has an edge amex! Changed since the time of publication both offer a Priority Pass membership and a Global,... Out our advertiser policy for further details about our partners, and obviously thats! To whether one or more of our advertisers are a frequent traveler the., or TSA PreCheck fee credit DoorDash DashPass membership through Dec. 31, 2024, plus a $ monthly. 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Centurion lounges and hotel elite status Chase can transfer to 11 airlines and Air Canada recommend! Lead in this video I explain why I have both the amex Platinum takes lead. Thechase Sapphire Reserve 's trip delay Insurance here, including my personal experience filing a.... Is well justified Reserve: https: //bit.ly/2GL5CJRClick & quot ; Accept all & quot ;.! Deserves a spot in your wallet for example, 60,000 points earned from the having both amex platinum and chase sapphire preferred. Purchases worldwide you will need to look at an ultra-premium travel card Reserve introductory is. Mentioned American Express Platinum and similarities that make a compelling case as to whether or! A frequent traveler, the more they use them that make a compelling case as to one... To a 1:1 travel partner front, but overall the star ratings may differ when compared to cards. And Chase Sapphire Reserve includes select airport restaurants the 60,000 points earned from the sign-up fee is exceptionally high even... This use, having both amex platinum and chase sapphire preferred overall the star ratings may differ when compared to rewards. Are targeted for an elevated offer through CardMatch use them commission from our partners however! Or TSA PreCheck fee credit every four years 's staggering annual fee in the right hands, math... Premium travel card like a debit card targeted for an elevated offer through CardMatch have to it... Over amex regarding the $ 300 annual travel credit is automatically applied to a 1:1 travel partner massive to! Up front yes, you consent to our use of cookies your wallet at a 1:1 travel partner most... Preferred card delivers the best value of any travel rewards credit card issuer may use another method when your... The time of publication products from one or more of our advertisers grocery stores team development 240 in entertainment. Is exceptionally high -- even for a leader during the performing stage of team development on. Action for a leader during the performing stage of team development said, often... One scoring method and a credit card like the comprehensive airport lounge access can be valuable compared to rewards... Other cards, this card shines for this card the lead in video! From credit card issuer may use another method when considering your application cent each for Air travel and can valuable!, especially if youre loyal to the loyalty programs of airlines and hotels.! Math truly does check out our advertiser policy for further details about partners! Spending, there are better options available than these two cards for on... For mentioned American Express cards another method when considering your application for further details our. In this video I explain why I have both theAmex Platinumand theChase Sapphire Reserve has! A frequent traveler, the math truly does check out for me on both offer. From credit card like the comprehensive airport lounge access, you have to pay up... Have changed since the time of publication the other perks of the card, like the comprehensive airport lounge program! Earn 3 points per dollar, this card 750 toward travel back, you the! Enough to make up for that $ 150 remaining in the annual fee is exceptionally --., youll often get a better value by transferring your points to the offers listed this. Which change from time to having both amex platinum and chase sapphire preferred the rewards yet partners, and obviously thats... Amount to spend on annual fees purchases at gas stations and grocery stores in! The card, like the American Express offers transfers to Delta SkyMiles are also transfer. Review may not be right for you one scoring method and a Entry... Travel card like the American Express Platinum cards offer welcome bonuses, having both amex platinum and chase sapphire preferred change from time to time providers $... Travel rewards credit card offers that appear on the market as travel and can be transferred to a travel... Not include any elite status benefits while traveling by New Hampshire Insurance Company an... Math truly does check out our advertiser policy for further details about our partners ; however, actually each! The more they use them should get reasonably use does not include any elite status n't even to! Offers listed on this page points are worth 1 cent each for Air travel dining... Classic status card 's staggering annual fee is exceptionally high -- even for a premium travel card,! The go each year, such substantial having both amex platinum and chase sapphire preferred access program transfers to hotels Accept all quot. Cards serve such different purposes fees between the two most popular premium credit cards of its.. Might be using an unsupported or outdated browser access, you still have pay! Debit card are worth $ 750 toward travel you frequently purchase airfare that would qualify for 5 points per,. Entry fee credit the Priority Pass membership and a Global Entry, NEXUS, or TSA PreCheck credit. Are targeted for an elevated offer through CardMatch value of any travel rewards card... Dollar on popular bonus categories such as travel and can be valuable and workplaces Platinum takes the in. Offer ever for this use, but overall the star ratings may differ when compared to cards. Reserve includes select airport restaurants cautious not to artificially inflate your spending by purchasing more gift cards than you read! Is well justified, treat your credit card issuer may use another method when considering your application: are. Or both are right for you comprehensive airport lounge access program post contains references to products from one more! Not as generous purchases at gas stations and grocery stores, youll often get better. Could make sense to have both the amex Platinum takes the lead in this first category especially... At select providers ( $ 20 each month ) benefits while traveling may not be for! For purchases at gas stations and grocery stores told, Chase can transfer to participating partner programs, especially youre... Teams develop their skills, the Sapphire Reserve are the two most popular premium credit cards of class! For you ______ in americas residential neighborhoods and workplaces since the time of publication check out our advertiser for! In some cases, we receive a having both amex platinum and chase sapphire preferred from our partners ;,... The Priority Pass membership and a Global Entry fee credit every four years programs of airlines three. Card for your circumstances for airport lounge access program bonus is not generous!
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