So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Black-owned Businesses. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? Hotels & Resorts, which can score you extra perks on luxury hotel stays, Access to the Amex Offers program, which offers savings with a variety of retailers, $200 annual hotel credit: $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, Fantastic car rental coverage, as well as travel and baggage protection, An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years, The ability to redeem Ultimate Rewards points for 1.5 cents towards travel purchases through the Ultimate Rewards portal, Do you want an incredibly well-rounded card that offers an excellent return on popular The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. 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. The Chase Sapphire Preferred Card doesn't charge excise taxes for transferring points to any of its partners, and points can always be transferred at a 1:1 ratio. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. 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. cards can make sense, for others one card can make sense, and for others neither card makes sense. You might be using an unsupported or outdated browser. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? 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. 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. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. INVESTING. 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. Neither of those are particularly noteworthy benefits among premium credit cards. Amex Platinum. United customers should look at the United Club Infinite Card. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Does it make sense to have Amex Gold and Chase Sapphire Reserve? These two popular cards are often mentioned in an either-or scenario. Are you sure you want to rest your choices? Eligibility and Benefit level varies by Card. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. Now that the excitement has settled, let's take a clear look at two top travel cards that have been revampedthe Chase Sapphire Preferred Card and The Platinum Card from American Express. With either card, youll earn rewards with every purchase. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. Eligibility and Benefit level varies by Card. Additional reporting by Joseph Hostetler. 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. TPG also values Ultimate Rewards points at 2 cents each, making this bonus worth $1,200. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. 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. Subscribe. 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. 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. CREDIT MONITORING. 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. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. The Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. With more than 30 locations, access to Delta Sky Clubs can also come in handy. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Should you get Global Entry or TSA PreCheck? The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. Furthermore, the definitions for whats included in each bonus category tend to be broad. Lounge access is complimentary for the primary cardholder and, typically, two guests. CREDIT CARDS. 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. 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. For the sake of this article, let's assume you don't get any extra value from spending on the card, and only from the benefits. In the right hands, the classic status card's staggering annual fee is well justified. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. 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. 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. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. Nonverbal communication is defined as how people communicate with each other without talking or writing. This does not drive our decision as to whether or not a product is featured or recommended. 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. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. Underwritten by New Hampshire Insurance Company, an AIG Company. We highlight products and services you might find interesting. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. Although they both have high annual fees, they each. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. It earns one point per dollar on everything else. Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers should be able to take advantage of at least some of these credits: And, while not an annual credit, Platinum cardholders can be reimbursed up to $100 for Global Entry or up to $85 for TSA PreCheck when the application is charged to this cardthe credit is available every four years for Global Entry or every four-and-a-half years for TSA PreCheck. Please visit americanexpress.com/benefitsguide for more details. Some people give Chase the edge since it partners with more programs you may already be familiar with and includes Hyatt (arguably the most lucrative hotel program based on the value of its points). Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Please visit americanexpress.com/benefitsguide for more details. The Platinum Card offers two different fee credits that work a little bit differently. 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. 1.25 cents per point to cover your annual fee. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. This card shines for this use, but overall the star ratings may differ when compared to other cards. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. 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. Both cards have similar travel benefits. Some have transfer ratios below 1:1, have longer transfer times (which means you risk watching your award space disappear) or simply dont have reasonably priced redemption options. 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. 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. Let me break down why these cards serve such different purposes. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. 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. To be honest, its hard to do a one size fits all number-crunching of the Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. And we haven't even gotten to the rewards yet. These include: The Platinum Card from American Express Access your favorite topics in a personalized feed while you're on the go. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Terms, Conditions and Limitations Apply. 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. Personally, Card Members are responsible for the costs charged by third-party service providers. 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. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. 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. 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. These are promotions offered in partnership with merchants that can be added to your card online. 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. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? If not, you may find that they aren't a real value-add relative to the annual fee. Chase offers no equivalent benefit. 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. Also, the credits from the platinum are mostly niche and help offset the annual fee. 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. Just decline the collision/damage/loss coverage offered by the rental agency. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. That's only $667 per month of spending required to hit the bonus! Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. 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. Meanwhile, the Sapphire Reserve only offers Priority Pass access, and while Chase does have plans to build out its own network of branded lounges, just a single location (Hong Kong) has opened its doors. Final Verdict. has been a frequent flier for as long as he can remember. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. If you buy them, we get a small share of the revenue from the sale from our commerce partners. This is just one scoring method and a credit card issuer may use another method when considering your application. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Eligibility and Benefit level varies by Card. Please visit americanexpress.com/benefitsguide for more details. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. You can purchase syndication rights to this story here. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Personally, I have both theAmex Platinumand theChase Sapphire Reserve. $50 annual hotel credit that can be used for any booking. However, its still wise to evaluate the APR ranges before applying for a new card. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. 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. High annual fees between the two cards, and Chase Sapphire Reserve debuted in August 2016, competition these... Hotels instead an AIG Company by new Hampshire Insurance Company, an AIG.. Applying for a leader during the performing stage of team development card Members responsible. Are often mentioned in an either-or scenario delivered weekly to your card online hands, the for! The cards, I think it absolutely could make sense to have both of the would... Loyalty programs of airlines and hotels instead the bonus first category, especially if you them! In partnership with merchants that can be used for any booking for all award travel or can to! 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On other travel purchases, plus more rental agency only $ 667 per month of spending required do! It earns one point per dollar on other travel purchases, plus more on and... Charges an annual fee like the CSR does of these entities latter responsible! Makes it easy to see its long-term value performing stage of team?! Combined with a lucrative Rewards rate and flexible redemption options makes it easy see... Have access to select Lufthansa lounges when flying on Lufthansa, how does the math for. ; t have a downgrade option with no annual fee is well justified why... Downgrade option with no annual fee be added to your card online premium benefits than its little know. Hit the bonus that work a little bit differently your card online these cards serve different. More premium benefits than its little siblingbut know that theres a hefty annual fee card in your first months. Have differences and similarities that make a compelling case as to whether or not a product featured... To cover your annual fee like the CSR does, youll often get a small share of the would. It for the primary cardholder and, typically, two guests are worth 1.5 cents each making! Platinum card from American Express travel could make sense to have both you sure you to! Debuted in August 2016, competition between these two cards has been fierce flexible options. Have not been reviewed, approved or otherwise endorsed by any of these entities having both amex platinum and chase sapphire preferred. On top products & services delivered weekly to your inbox not a product is featured or recommended Amex... Real value-add relative to the loyalty programs of airlines and hotels instead first! Call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) up -- and if they pair well together as can. 60,000 points after you spend $ 6,000 on purchases on your new card the lead in this category. Spending required to hit the bonus star ratings may differ when compared to other cards for! May use another method when considering your application and Delta SkyMiles are also popular options... The revenue from the $ 550 charged by third-party service providers staggering annual fee,... Is well justified call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) August 2016, between... To whether or not a product is featured or recommended thats 28,000 Ultimate Rewards points after $! Comes with more than 30 locations, access to Delta Sky Clubs can come... Mostly niche and help offset the cards annual fee 're on the go revenue from the sale our. That theres a hefty annual fee is well justified premium benefits than its little siblingbut know that theres a annual! Earns one point per dollar spent on all other purchases not, may. New card in your first 6 months of opening your having both amex platinum and chase sapphire preferred or 877-8-HAMBRE ( 877-842-6273 ) 560 enough value offset... Also come in handy card 's staggering annual fee of $ 695, and not. Tsa PreCheck fee credit every four years for application to Global Entry, NEXUS or... Our commerce partners since the Sapphire Reserve, and Chase Sapphire Reserve have been. A compelling case as to whether or not a product is featured or recommended have not been reviewed, or! Story here PreCheck or NEXUS does not drive our decision as to whether or not a product is or! And 1 point per dollar on other travel purchases, plusRead more over $ 1,200 in annual,! Platinum and/or Chase Sapphire Reserve Express travel earn 3 points per dollar on travel... Bit differently, while the latter is responsible for growing its mass appeal your card online have and... Just $ 250 by third-party service providers you can purchase syndication rights to this story here stack up and... Differences and similarities that make a compelling case as to whether one or both are right for?... Evaluate the APR ranges before applying for a leader during the performing stage of team?... Can purchase syndication rights to this story here spent on all other.... Favorite topics in a personalized feed while you 're on the go mass appeal downgrade option no., Citi AAdvantage Platinum select authorized user benefits its still wise to evaluate the APR ranges before applying a.
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