A Priority Pass membership. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per dollar on flights booked directly with airlines or AMEX travel. Up to $200 annual prepaid hotel statement credit. Fantastic car rental coverage, as well as travel and baggage protection. Black-owned Businesses. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This is worth approximately $2,000 to $2,500 depending on your redemption method. Points are worth 0.6 cents each when used to cover past charges. Personally I view the two cards as complements rather than substitutes. The card also comes with trip cancellation/interruption coverage. 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. 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. Learn more. 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 Executives hint at an answer. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. Improve earnings, maximize rewards and track progress toward dream trips. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. Plus, your own feed of TPG content. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. That means the 60,000 points earned from the sign-up. We'd love to hear from you, please enter your comments. This gives you an absolute minimum redemption value of 1.5 cents per point, meaning you can book a seat on any flight thats for sale, even if there isnt award space available. 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 airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. When you use points that way, and you're a Chase Sapphire Reserve cardholder, you can get a 50% bonus in other words, each point will be worth 1.5 instead. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. 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. 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. To view rates and fees for The Platinum Card from American Express please visit this page. Its true the Amex Platinum offers Delta Sky Club access. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Commissions do not affect our editors' opinions or evaluations. (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 . Underwritten by AMEX Assurance Company. Are you sure you want to rest your choices? 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. This is just one scoring method and a credit card issuer may use another method when considering your application. TheAmex Platinum has a $695 annual fee See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. 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. 50,000 Miles 90,000 Miles! 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. Chase offers no equivalent benefit. 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. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. However, the Sapphire Preferred outearns the Platinum in several bonus categories. 1.25 cents per point to cover your annual fee. 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 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. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. * (Underwritten by New Hampshire Insurance Company, an AIG Company). Read our guide on the best ways to use Chase Ultimate Rewards points . We operate independently from our advertising sales team. Terms apply to offers listed on this page. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Winner: Chase Sapphire Reserve comes out on top for redemption options since it offers a 1:1 transfer ratio for all of its airline and hotel partners, the Pay Yourself Back feature and more flexibility with its 50% bonus for travel booked in Ultimate Rewards. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. If you're someone who normally buys travel insurance, using the insurance that comes with the Chase Sapphire Reserve can easily save you $2050 every time you travel. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. The cards, however, actually complement each other quite well. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. 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. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. Terms, Conditions and Limitations Apply. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. These include: The Platinum Card from American Express 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. High reward potential on flights and hotels booked through American Express Travel, Multiple credits can help justify the fee, Luxury travel benefits and elite status with Hilton and Marriott with enrollment, Maximizing the statement credits takes some work and could be unworkable for many, Reward rate outside of travel is sub-par for a premium card. We frequently receive products free of charge from manufacturers to test. Eligibility and Benefit level varies by Card. 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. Terms, Conditions and Limitations Apply. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. 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. You can purchase syndication rights to this story here. * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. Just decline the collision/damage/loss coverage offered by the rental agency. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. If not, you may find that they aren't a real value-add relative to the annual fee. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). For rates and fees of The Platinum Card from American Express, please click here. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. And thats without even using the Equinox or digital entertainment credits. Please try again later. While there may be some overlap with benefits like a Priority Pass membership and $100 Global Entry/TSA PreCheck credit every four years, they both offer a slightly different value proposition in how they earn points and deliver unique benefits. In some cases, we receive a commission from our partners; however, our opinions are our own. Many of these cards offer solid value, especially if youre loyal to the underlying brand. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Terms, Conditions and Limitations Apply. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. By clicking Sign up, you agree to receive marketing emails from Insider The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. Chase Dining purchases made through the Ultimate Rewards portal. Get theAmex Platinum. 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. It earns one point per dollar on everything else. Eligibility and Benefit level varies by Card. Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. It's backed up by an excellent rewards program: 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 being said, the math truly does check out for me on both cards. Points transfer to participating partner programs at a 1:1 ratio. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. 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. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. 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. Or maybe youre wondering why these two cards are so popular among frequent travelers. 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. In Section 3.4, new literature is explored and the assessment of impacts and projected risks is updated for a large number of natural and human systems. While you'll get the value back, you still have to pay it up front. You can get up to $200 a year in Uber credits each card member year. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. Compare the cost in points or miles to cash, and see which option is best. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. The Chase Sapphire Preferred Card offers no airport lounge access benefits. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. Basically, treat your credit card like a debit card. Chase Sapphire Preferred Card . The best option is transferring to an airline. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Right on! These are the best publicly available offers (terms apply) that we have found for each product or service. The Chase Sapphire Reserve offers up to a $300 travel credit each card member year. 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. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Make sure your credit card checks off these 5 boxes when traveling internationally. 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. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. We highlight products and services you might find interesting. The same can be said of certain perks on the Amex Platinum including statement credits with Saks Fifth Avenue, Clear and select digital entertainment providers. We may receive compensation when you click on links to those products. So, what do you get in exchange for that upfront cost? To start, the annual fees are a little bit misleading. IHG Rewards Premier credit card. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. Please visit americanexpress.com/benefitsguide for more details. Sign up for our daily newsletter! The only unique benefit for the Amex vs the CSR is the rental car and hotel status. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. Terms apply to the offers listed on this page. Eligibility and Benefit level varies by Card. This compensation comes from two main sources. Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. New cardholders can earn 100,000 points on the welcome offer after spending $6,000 on purchases in the first six months of card membership. 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. But who wants to pay $1,245 Let me share my math, based on my own situation. However, be aware that in some countries, Amex is not as widely accepted as cards on the Visa network (the Sapphire Preferred is a Visa). In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. In this area, the Chase Sapphire Preferred Card shines. 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. Bottom line. Furthermore, the definitions for whats included in each bonus category tend to be broad. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. 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. No, those numbers are not typos. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. Find the right card for you. 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. The combination of generous rewards on a number of spending categories, easily redeemable points and a much lower annual fee will add up to a more compelling value proposition for most. our office. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Learn more. All told, Chase can transfer to 11 airlines and three hotel brands. 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