It's automatically applied to your first $300 in travel and transit spending, covering those purchases (or, if one single purchase is larger than $300, covering the first $300 of it). We'll run a soft credit check to find special offers, but it wont affect your credit score. Chase offers no equivalent benefit. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. 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. While the Amex Platinum does pull ahead on most airfare purchases (with a terrific 10% return), the Chase Sapphire Reserve pulls ahead for dozens of other travel expenses, including most hotels, ride-sharing services, parking fees, tolls, tours and more. He primarily covers airlines and air travel. Please visit americanexpress.com/benefitsguide for more details. 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. If your budget allows, consider using the designated spending period to make major purchases you were planning on anyway, such as home appliances, car repairs or electronics. Personally, For rates and fees of The Platinum Card from American Express, please click here. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. Please try again later. These two popular cards are often mentioned in an either-or scenario. this card independently, rather than in comparison to another card. 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. These are the best publicly available offers (terms apply) that we have found for each product or service. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. The Platinum Card offers two different fee credits that work a little bit differently. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. 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. Eligibility and Benefit level varies by Card. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Customize Reject All Accept All Customize Consent Preferences Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Going by that number, the sign-up bonus is worth around $1,050. Best Overall: Chase Sapphire Preferred Card. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. Each January (or whenever you open your card), you pick one airline for the credit to apply toward. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. 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. Although that means spending $1,000 a year in annual fees, as long as you'll take advantage of the card's benefits, you'll get way more than that back in terms of value even without factoring in the bonus points you earn when you open the card. 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. 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. The annual fee is $99. It's backed up by an excellent rewards program: Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? 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. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? 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. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Plus Ups are excluded. 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. 60,000 Points Learn More Terms Apply. 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. 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. CREDIT CARDS. Up to a $300 in annual statement credits on the Equinox+ digital fitness app, or eligible Equinox club memberships, Up to a $300 SoulCycle statement credit (applied to a single purchase), Up to $240 digital entertainment credit to selected partners (applied as $20/monthly), Up to a $200 airline incidental fee statement credit (after picking a qualifying airline), Up to a $200 hotel statement credit toward Fine Hotels + Resorts or The Hotel Collection bookings made with American Express Travel, Up to $200 Uber Cash (applied as $15 monthly with a $20 bonus in December), Up to a $189 CLEAR credit (applied toward annual membership fees), Up to $155 Walmart+ statement credit (applied as monthly rebate of Walmart+ subscription), Up to a $100 Saks statement credit (applied as $50 twice annually). Credit Score ranges are based on FICO credit scoring. 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. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. 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. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. Try BYJUS free classes today!No worries! Get our daily email for the latest in travel, flight deals, and how . Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. The best option is transferring to an airline. 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. This is worth approximately $2,000 to $2,500 depending on your redemption method. When you get the card, be sure to flip through the benefits guide. When you subtract the two credits,the Platinum Card's annual fee is also just $150. Disclosure: This post is brought to you by the Insider Reviews team. Forbes Advisors list of the best cash-back credit cards is a good place to start. To be honest, its hard to do a one size fits all number-crunching of the The only unique benefit for the Amex vs the CSR is the rental car and hotel status. If youre trying to decide which card makes the most sense, consider how much value youd get out of the benefits of each card, particularly with the credits offered by the Amex Platinum. Plus, your own feed of TPG content. The Platinum Card from. 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. The Chase Sapphire Reserve's annual fee is slightly lower at $550. 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 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. 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. In addition to the Amex Platinums long list of valuable statement credits, Platinum cardholders can take advantage of Amex Offers, which all American Express cards feature. Bottom line. 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. , Inc. ), Trip delay protection this is worth approximately $ to! 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