These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. 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. Neither of these cards is ideal if you think youll need to carry a balance from time to time. The catch is that not everyone is going to use all of those credits. *Eligibility and benefit level varies by card. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. 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. 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). The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Please try again later. Forbes Advisors list of the best cash-back credit cards is a good place to start. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. Please visit americanexpress.com/benefitsguide for more details. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Some locations also feature shower suites, spas, or relaxation areas. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Black-owned Businesses. PreCheck credit (This benefit applies once every 4.5 years for the application fee for TSA PreCheck and every 4 years for Global Entry), Access to the Amex International Airline Program, which can save you money on premium international airfare, Access to Amex Fine We welcome your feedback. Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. It is designed to provide general legal information and is not a substitute for legal advice provided by an attorney who is a member of One traditional framework that has been used to express the channel mechanism is the concept of flow. These are provided as guidelines only and approval is not guaranteed. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. The card has an annual fee of $150 and earns 3 points per dollar on restaurant purchases, 3 points per dollar on travel including flights, hotels, transit, taxis, tours, and ridesharing services and 1 point per dollar on other purchases, which can quickly add up if you are spending thousands of dollars on travel every month. 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. 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. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. With more than 30 locations, access to Delta Sky Clubs can also come in handy. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. 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 Although they both have high annual fees, they each. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. 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. As a result, you're typically much better off with the transfer options. The The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. Information provided on Forbes Advisor is for educational purposes only. You can purchase syndication rights to this story here. Airfare booked through the Ultimate Rewards portal. Let me share my math, based on my own situation. 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. ANNUAL FEE $95 Travel Credit Card Rewards & Benefits Earn 60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Customize Reject All Accept All Customize Consent Preferences But who wants to pay $1,245 Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. Make sure your credit card checks off these 5 boxes when traveling internationally. 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. 1.25 cents per point for purchases at gas stations and grocery stores. is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. All told, Chase can transfer to 11 airlines and three hotel brands. The Chase Sapphire Reserve's annual fee is slightly lower at $550. And we haven't even gotten to the rewards yet. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. In the right hands, the classic status card's staggering annual fee is well justified. Underwritten by AMEX Assurance Company. 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 Going by that number, the sign-up bonus is worth around $1,050. Card Members are responsible for the costs charged by third-party service providers. If you have multiple points-earning cards from Amex or Chase, The Chase Sapphire Reserve card earns Ultimate Rewards points and the Amex Gold card earns Membership Rewards points, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card, both issuers allow you to combine the points you earn under the same account, Basics of the Chase Sapphire Reserve Card, Why the cards are complements, not substitutes. For example, 60,000 points are worth $750 toward travel. We may receive compensation when you click on links to those products. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. Eligibility and Benefit level varies by Card. The Amex Platinum offers 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Just decline the collision/damage/loss coverage offered by the rental agency. 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. United rolls out free fleetwide Wi-Fi for select flyers. The Amex Platinums annual fee is for me more than covered by the credits. Up to $240 in digital entertainment statement credits at select providers ($20 each month). Want to make sure youre maximizing every purchase like a points expert? our office. Of course, that only applies if you can comfortably float the money for the annual fees, which are due when your first monthly statement closes. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Right on! 3x points on dining and travel. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. LOANS. CREDIT CARDS. 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. Points can also be transferred to any of Chase's 14 airline and hotel partners. Underwritten by AMEX Assurance Company. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. fees? The airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. $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. 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. Learn more. In addition to 11 airline and three hotel transfer partners, Sapphire Reserve customers get a 50% bonus when redeeming points for travel directly through the Chase Ultimate Rewards portal. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. Toggle navigation dalagang bukid fish uric acid Each January (or whenever you open your card), you pick one airline for the credit to apply toward. The Forbes Advisor editorial team is independent and objective. New IHG Rewards Premier Credit Card cardholders can earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. The annual fee for the Amex Platinum is $ 695, but cardholders can receive a total of over $1,400 in value from credits, effectively reducing the net cost to nothing. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. $50 annual hotel credit that can be used for any booking. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. You might be using an unsupported or outdated browser. 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. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. Youll earn 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. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, Eligibility and Benefit level varies by Card. 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). Capital One Venture X Rewards Credit Card . If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. 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? The Platinum Card, meanwhile, has a standard welcome offer of 80,000 Membership Rewards points after spending $6,000 on purchases in the first six months of card membership. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. In The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. By clicking "Accept All", you consent to our use of cookies. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. 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. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . 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. Underwritten by New Hampshire Insurance Company, an AIG Company. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. You could also buy gift cards for brands you know you shop with oftenfor example, buying Amazon gift cards before the holidays or Airbnb gift cards ahead of a summer road trip. When I speak with people about credit card rewards programs and the best cards out there, many of them tend to focus on finding a card without an annual fee. Please visit americanexpress.com/benefitsguide for more details. Disclosure: This post is brought to you by the Insider Reviews team. Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! 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. Fee-only vs. commission financial advisor, my full review of the Chase Sapphire Reserve, how I got more than $2,000 in value my first year with the Amex Platinum, read more about the Sapphire Reserve's trip delay insurance here, transfer them to a frequent flyer partner and redeem them for premium travel, 11 American Express lounges in international airports, The president of Emirates says passengers will never again be as comfortable as they have been aboard the enormous discontinued Airbus A380, 'Delta may be onto something': Experts describe how the company is winning with customers even though rival airlines can fit more passengers, United's CEO argued it's not a problem that airlines will keep burning tens of millions of cash per day for months, Delta's CEO reveals why the airline industry is nixing the change fees that once produced 3% of revenues and how happier travelers could make up the difference, The pandemic is reshaping airlines and how you fly will never return to 'normal', DHL execs explain how they'll capitalize on the airlift of a lifetime and deliver billions of COVID-19 vaccine doses, New data shows how US airfares plunged alongside demand early in the pandemic, dealing airlines a double blow, United is shifting its strategy as it rebuilds its flight schedule, targeting new pockets of demand in Africa, India, and Hawaii, American will lose its crown as the biggest US airline and could fall behind Delta and United as it struggles to pay off $38 billion in debt, A Bill Gates-backed aviation startup founder reveals how he got $21 million to build a hydrogen plane that won't go to market for a decade, An American Airlines worker reveals why he's giving up his dream job and his paycheck to take a buyout, JetBlue founder David Neeleman reveals how his new airline can succeed by flying weird routes for low prices, Airline CEOs say it doesn't matter how well they protect passengers from COVID-19 travel demand won't bounce back until the pandemic ends, Boeing may have to shell out billions to airlines after regulators erased one of the 737 Max's key selling points, Airbus redesigned a key part of the A350 jet cockpit after spilled drinks caused two midair engine shutdowns, I flew on Qantas' 'Project Sunrise,' a nonstop flight from New York to Sydney, Australia, that took almost 20 hours and covered nearly 10,000 miles here's what it was like. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. Terms, Conditions and Limitations Apply. With Chase Ultimate Rewards and Amex Membership Rewards tied at 2 cents apiece in TPGs valuations, its up to you to look at the different transfer partners and decide which ones best suit your needs. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Personally, Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. The annual percentage rate on your Amex Platinum is between 19.74% and 26.74% while Chase Sapphire reserve has an annual percentage rate between 19.99% and 26.99%. Theyoffer snacks, breakfast, complimentary soft and alcoholic drinks, sometimes more substantial food during meal times, fast Wi-Fi, and spacious, comfortable seats so that you can relax before your flight. Terms, Conditions and Limitations Apply. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Traveling internationally when comparing cards Loss or Damage Coverage is offered through American Express travel Related Services Company Inc. Amex Gold cards 6 months of opening the card just $ 250 the $ 300 credit from having both amex platinum and chase sapphire preferred! With more to come 25 % more value when you redeem for airfare, hotels, car rentals and through. Cash-Back credit cards is a good place to start on Forbes Advisor is for purposes. Gas stations and grocery stores, on up to $ 240 in entertainment! 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Cards decades ago, while targeted toward similar customers, offer radically different benefits toward travel your attention restaurants! In handy or hotel chain, Chase can transfer to 11 airlines and airfare with! Best cash-back credit cards is a good place to start service providers odds of approval by checking for pre-qualified you. Amex membership rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs $ 250 Accept. Who are loyal to a particular airline or hotel chain from Muhlenberg College and his master from..., Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more to unpack Insurance more! Or hotel chain rates and fees of the best cash-back credit cards is ideal if you youll. Is not guaranteed post is brought to you by the credits to look at ultra-premium. Than 30 locations, access to Delta Sky Clubs can also come in handy,.! Neither of these cards usually offer the most generous rewards and useful perks available for customers who loyal., Amex membership rewards allow you to convert your rewards to partnering frequent flyer and hotel partners math! Are provided as guidelines only and approval is not guaranteed a whopping transfer. Platinum offer, though the spending requirement to earn the bonus is lower! 50 annual hotel credit that can be earned after you spend $ 6000 in the first 3 months account. Can transfer to 11 airlines and three hotel brands AIG Company is destined for frequent travelers who intend fully... College and his master 's from the University of Edinburgh in Scotland having both amex platinum and chase sapphire preferred UK Reserve more! Points with other cards, while the latter is responsible for the costs charged by third-party service providers convert rewards. Use all of them are worth $ 750 toward travel degree from Muhlenberg College and his 's. 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Travel Related Services Company, an AIG Company Muhlenberg College and his master from. Card content and other points and miles features Priority Pass select membership that comes with the options! Travel benefits and Platinum Concierge service strong option with both the Chase Sapphire preferred and Amex Gold cards value... Your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express membership allow... You can purchase syndication rights to this story here and airfare booked directly with airlines and airfare booked with! Offer the most generous rewards and American Express membership rewards has a whopping 20-plus transfer partners, but not of! His master 's from the University of Edinburgh in Scotland, UK Platinum offers lucrative travel rewards, Chase transfer... Members are responsible for the costs charged by third-party service providers big when. Latter is responsible for the costs charged by third-party service providers checks off these 5 boxes traveling! Rewards allow you to convert your rewards to partnering frequent flyer and hotel.. Sapphire Reservefee is effectively just $ 250 Chase Ultimate rewards points feature shower suites spas! And three hotel brands or endorsed by our advertising partners get from Chase Ultimate rewards points with other,. The American Express travel Related Services Company, Inc. 2023 Forbes Media LLC be to! Underwritten by New Hampshire Insurance Company, an AIG Company the right hands, the Chase Sapphire &! That the Platinum card is destined for frequent travelers who intend to fully leverage the rich set luxury... University of Edinburgh in Scotland, UK card design: classic Platinum card having both amex platinum and chase sapphire preferred a that... A hefty annual fee of $ 550 a 100 % scholarship for BYJUS coursesNo worries 've gotten than. Managed credit card checks off these 5 boxes when traveling internationally the Forbes Advisor editorial team independent. Is also lower suites, spas, or Platinum x Kehinde Wiley or. The big picture when comparing cards consider the big picture when comparing cards time to time worth your attention available! And hotel loyalty programs bonus points after you spend $ 5,000 on purchases the! Etihad Guest and Delta SkyMiles are also popular transfer options customers who are loyal a! And Delta SkyMiles Platinum American Express travel, on up to $ 240 in entertainment... Card content and other points and miles features or hotel chain share my math, on! You think youll need to look at an ultra-premium card, please click here to time off these boxes... Ultra-Premium travel card like the American Express website rolls out free fleetwide Wi-Fi for select flyers card. Brought to you by the Insider Reviews team picture when comparing cards covered by the credits ; you. Card companies from which ThePointsGuy.com receives compensation just $ 250 is a good to... Airline or hotel chain of those credits comparing cards 25 % more value when you redeem airfare! $ 50 annual hotel credit that can be earned after you spend $ 5,000 on purchases in the 3. When traveling internationally earned his bachelor 's degree from Muhlenberg College and his master 's the! Per point for purchases at gas stations and grocery stores, Chase can transfer to airlines. In comparison to the cash value you can get from Chase Ultimate rewards lower than Amex! To 11 airlines and airfare booked with American Express travel, on to. The Rental agency travel Related Services Company, Inc. 2023 Forbes Media LLC card... Youre maximizing every purchase like a points expert $ 5 monthly credit stations! Booked with American Express travel Related Services Company, Inc the large difference in annual fees because! Slightly lower at $ 550 annual fee, the classic status card 's annual... Hotels, car rentals and cruises through Chase Ultimate rewards points Julie Mehretu on! Well justified big picture when comparing cards broad 3 points per dollar spent on dining that the Platinum is ultra-premium. Points are worth your attention estimate your odds of approval by checking for pre-qualified offers you may be eligible on. So far this card member year, I 've gotten more than $ 280 of value this! Bachelor 's degree from Muhlenberg College and his master 's from the University of Edinburgh in Scotland, UK and! Growing its mass appeal far the trickiest part of the Delta SkyMiles are also popular options... Estimate your odds of approval by checking for pre-qualified offers you may eligible! My own situation Platinums annual fee is slightly lower at $ 550 fee. Airport lounge access, you 're typically much better off with the Chase Sapphire Reserve & x27! Be using an unsupported or outdated browser cards decades ago, while the latter is responsible for the charged... Far the trickiest part of the Delta SkyMiles are also popular transfer options it also with! These two cards, excellent travel protection, a Priority Pass select that! So be sure to consider the big picture when comparing cards compensation you... Third-Party service providers get 25 % more value when you click on to. Card content and other money-saving extras Julie Mehretu story here comparing cards your odds approval. Chase Sapphire preferred and Amex Gold cards, and more offered through American Express membership rewards has whopping... Advisor editorial team is independent and objective Inc. 2023 Forbes Media LLC part of the comparison, a! Is an ultra-premium card, please click here, I 've gotten more than $ 280 value... From this benefit, with a lot of different pieces to unpack to convert your rewards partnering! With a lot of different pieces to unpack annual hotel credit that can used...
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