All Rights Reserved. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. You might be using an unsupported or outdated browser. Read our guide on the best ways to use Chase Ultimate Rewards points . Underwritten by New Hampshire Insurance Company, an AIG Company. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. Here's why it might be worth having both cards. Improve earnings, maximize rewards and track progress toward dream trips. Up to $240 in digital entertainment statement credits at select providers ($20 each month). Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Fly round trip to London for as low as $431, Did Norwegian Cruise Line make its new ships too small? David is a Senior Transportation Reporter for Business Insider. 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. The Amex Platinums annual fee is for me more than covered by the credits. 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. The same holds true for Air Canada Aeroplan though if you also hold the Aeroplan Credit Card, you can actually enjoy a 10% bonus on certain transfers from Chase Ultimate Rewards to your Aeroplan account. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, Something went wrong. Terms, Conditions and Limitations Apply. 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. 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. Executives hint at an answer. Please visit americanexpress.com/benefitsguide for more details. In some cases, we receive a commission from our partners; however, our opinions are our own. Theres a minimum earning rate of 1 point per dollar spent. Additional reporting by Joseph Hostetler. Bottom line. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. 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. 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. Commissions do not affect our editors' opinions or evaluations. Furthermore, I earn lots of bonus points and get great travel protection with the card. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. Find the right card for you. Related: The best travel credit cards of 2023. To view rates and fees for The Platinum Card from American Express please visit this page. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? For rates and fees of the Amex Platinum, click here. The Chase Sapphire Preferred is ideal for people who want to travel for free using easily redeemable points, but with the option to learn how to master transferable points down the line for. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Or maybe youre wondering why these two cards are so popular among frequent travelers. However, its still wise to evaluate the APR ranges before applying for a new card. Download the free TPG App to start spending like a pro. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. Both cards are considered "premium" products, and although people often think of them in terms of "either or," they can actually complement each other quite well and earn you a ton of value. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). Subscribe. Amex Platinum cardmembers also have access to Amex Fine Hotels + Resorts and The Hotel Collection and can enjoy up to a $200 annual hotel credit in the form of a statement credit on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. * (Underwritten by New Hampshire Insurance Company, an AIG Company). This post contains references to products from one or more of our advertisers. Before applying, youll also want to ensure youre under 5/24 status, meaning youve opened fewer than five new card accounts in the past 24 months. With travel picking up steam again, it may make sense to consider the Amex Platinum for its impressive premium travel benefits that you can soon take advantage of and complement it with the Chase Sapphire Reserve due to its earning-power in broad travel and dining categories, $300 easy-to-use travel credit and a plethora of distinguishable benefits from the Amex Platinum. Does it make sense to have Amex Gold and Chase Sapphire Reserve? The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. Terms apply to the offers listed on this page. Underwritten by AMEX Assurance Company. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. 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. Terms apply to the offers listed on this page. While you'll get the value back, you still have to pay it up front. 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. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Please visit americanexpress.com/benefitsguide for more details. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. 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 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 American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. Customize Reject All Accept All Customize Consent Preferences The Chase Sapphire Reserve and Amex Platinum are two of the most valuable rewards cards on the market, but theyre also two of the most expensive. 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. Points can also be transferred to any of Chase's 14 airline and hotel partners. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. Here are the best cards for making your trip more comfortable. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. This compensation comes from two main sources. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. Although the Priority Pass Select membership that comes with this card no longer allows you to access participating restaurants (you can with a Chase-issued Priority Pass membership), the access to Amexs wide collection of Centurion Lounges and Delta Sky Clubs on same-day Delta flights should be enough to make up for that. 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. 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. Improve earnings, maximize rewards and track progress toward dream trips. It reflects the many linkages that tie channel members and other agencies together in the DOWNLOADS Since August 23, 2010 COinS Page 2 PDF Editorial Volume 4, Issue 3Ciorstan J. Smark PDF Book Review : Social and Environmental AccountingLee C. Moerman Page 3 PDF Editorial Volume Bottom Line: With access to over 1,300 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges. Delta SkyMiles Platinum American Express Card . If you prefer an Amex, consider the American Express Green Card*. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. 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. These are the best publicly available offers (terms apply) that we have found for each product or service. It's worth noting that you can get less or more than that this is just a rough estimate. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. 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