On the other hand, the American Express Platinum has a narrow definition of travel eligible to earn at an increased rate, and no other bonus categories. 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 Please visit americanexpress.com/benefitsguide for more details. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. Commissions do not affect our editors opinions or evaluations. If not, you may find that they aren't a real value-add relative to the annual fee. Enrollment required. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. The following links will direct you to the rates and fees for mentioned American Express Cards. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. Eligibility and Benefit level varies by Card. Chase Sapphire Preferred Card . Eligibility and Benefit level varies by Card. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. 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. Editorial Note: We earn a commission from partner links on Forbes Advisor. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Platinum Card by American Express Interest Rates: Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. 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. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Sections. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. 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. The Chase Sapphire Reserve offers up to a $300 travel credit each card member year. 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. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Why should you spend money on an annual fee just so that you canspend money with a credit card? * (Underwritten by New Hampshire Insurance Company, an AIG Company). On the airline side of things, popular redemption options include United MileagePlus, Southwest Rapid Rewards, British Airways Avios, Virgin Atlantic Flying Club and Flying Blue (Air France-KLM) though the last three also partner with Amex Membership Rewards. Nonverbal communication is defined as how people communicate with each other without talking or writing. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. For an explanation of our Advertising Policy, visit. Credit Score ranges are based on FICO credit scoring. 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. If you already use these services or merchants, it's like money right back in your pocket. Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. 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. 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. 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. If you prefer an Amex, consider the American Express Green Card*. The. We'll run a soft credit check to find special offers, but it wont affect your credit score. 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. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. While you'll get the value back, you still have to pay it up front. This section explains the subject of divorce law in New Jersey. Some locations also feature shower suites, spas, or relaxation areas. The USDA National Hunger Hotline has information available in both English and Spanish. The catch is that not everyone is going to use all of those credits. That noted, there are plenty of very . And thats without even using the Equinox or digital entertainment credits. Terms, Conditions and Limitations Apply. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. 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. 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. Disclosure: This post is brought to you by the Insider Reviews team. That means that Amex points are slightly more valuable than Chase points. 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. 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. Information provided on Forbes Advisor is for educational purposes only. Please view our advertising policy page for more information. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. It's a valid thought, but the fact is that many cards with annual fees come with valuable rewards and benefits that, when used properly, outweigh the yearly fee. Terms, Conditions and Limitations Apply. 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. 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. Winner: Tie Best benefits and perks 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. Learn More Terms Apply. You might be using an unsupported or outdated browser. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Please visit americanexpress.com/benefitsguide for more details. 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. The annual fee is $99. 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. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Please check out our advertiser policy for further details about our partners, and thanks for your support! page for a list of current offers. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. Best Overall: Chase Sapphire Preferred Card. The Get our daily email for the latest in travel, flight deals, and how . Terms, Conditions and Limitations Apply. is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. The Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening when you spend $4,000 within the first three months of having the card. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. We may receive compensation when you click on links to those products. 252 Sharp Street, Cooma, NSW, 2630. binstak router bits speeds and feeds. Something went wrong. He went from studying abroad in Paris to moving to Shanghai after graduating college, where he covered all things travel in the Asia-Pacific region for TPG. 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). For some travelers, that. Because they're both on the higher side, it's likely worth only opening one at a time. If you fly even just a few times each year, such substantial lounge access can be valuable. Becky Pokora is an avid traveler with a particular love for the outdoors. 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. Terms, Conditions and Limitations Apply. For rates and fees of The Platinum Card from American Express, please click here. 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. Search For: Get cheap travel tips to your inbox! Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. 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 gives me access to highly-coveted Centurion lounges and hotel elite status. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. To me, the only thing that the Amex Platinum and While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. We highlight products and services you might find interesting. Our points-obsessed staff uses a plethora of credit cards on a daily basis. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. Terms, Conditions and Limitations Apply. 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. Should you get Global Entry or TSA PreCheck? Subscribe. Lets start with the Chase Sapphire Reserve. Next, there's an airline fee credit each calendar year**. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Keep in mind you may still want to opt for the rental company's liability insurance. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). Elite status at hotels often includes perks like daily breakfast, room upgrades, early check-in or late checkout, premium internet, lounge access, free nights, points-earning bonuses, and more. We'd love to hear from you, please enter your comments. He primarily covers airlines and air travel. If youre anything like me, the math may make sense on both cards. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Eligibility and Benefit level varies by Card. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. 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. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card 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. $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. $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. Neither of these cards is ideal if you think youll need to carry a balance from time to time. Both of these cards get that done but in very different ways. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Eligibility and Benefit level varies by Card. Please visit americanexpress.com/benefitsguide for more details. Amex Platinum. For starters, both cards feature airport lounge access and additional travel and food delivery credits, among other benefits. This is $1000 per month of required spending. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. 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. 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. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the This site does not include all credit card companies or all available credit card offers. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. 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. In the right hands, the classic status card's staggering annual fee is well justified. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. 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. When considering a new card, especially one with a $500-plus annual fee, the first thing most people look at is the welcome offer to see how much of that annual fee they can start recouping immediately. (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 . 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. 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. Underwritten by AMEX Assurance Company. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Both Chase and American Express partner with Marriott. 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. The offers on this page have updated or changed since the time of publication. 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. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. 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. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. That makes the welcome offer worth around$1,140. That being said, the math truly does check out for me on both cards. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Plus, your own feed of TPG content. 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. Does it make sense to have Amex Gold and Chase Sapphire Reserve? A Priority Pass membership. Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Enrollment required. While they are both excellent travel . That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. In (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and American Express also allows point transfers to JetBlue, but at a reduced transfer rate. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. You can get up to $200 a year in Uber credits each card member year. Try BYJUS free classes today!No worries! And we haven't even gotten to the rewards yet. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is 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. The Chase Sapphire Reserve's annual fee is slightly lower at $550. 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. 10% anniversary point bonus on all your yearly spending. The Chase Sapphire Preferreds current welcome bonus is: 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. Finally, both cards offer point transfers to hotels. 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. 3x points on dining and travel. Card Members are responsible for the costs charged by third-party service providers. Compare the cost in points or miles to cash, and see which option is best. The Amex Platinums annual fee is for me more than covered by the credits. Eligibility and Benefit level varies by Card. Underwritten by AMEX Assurance Company. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Improve earnings, maximize rewards and track progress toward dream trips. You'll earn about 3,000 points per month, or 36,000 in a year. 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. read about my favorite perks of the Amex Platinum Card. Please visit americanexpress.com/benefitsguide for more details. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. 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. Check here before booking an award fare. All told, Chase can transfer to 11 airlines and three hotel brands. We may receive compensation when you click on links to those products. best credit cards Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Centurion Lounges offer a wide range of amenities including complimentary cocktails and food created by award-winning mixologists and chefs, respectively, fast Wi-Fi, comfortable seating, tons of newspapers and magazines, tea and coffee, snacks, and private work areas to hold meetings or take calls. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. That the Platinum is widely considered the most comprehensive card when it comes airport. You redeem through Chase Ultimate rewards, Delta SkyMiles Reserve American Express travel flight! Improve earnings, maximize rewards and track progress toward dream trips Company ) cardholders than the Sapphire Reserve more! 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