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. Please visit americanexpress.com/benefitsguide for more details. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. However, they offer slightly different value propositions. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Becky Pokora is an avid traveler with a particular love for the outdoors. 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. If you wont meet the minimum spending requirement for the Amex Platinums welcome bonus through normal, everyday spending, it may make sense to increase your spending so as not to leave points on the table. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. This is worth approximately $2,000 to $2,500 depending on your redemption method. 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. Sign up for our daily newsletter! The welcome offer alone is worth $2,000, according to TPG valuations. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. Secondary car rental coverage. In the right hands, the classic status card's staggering annual fee is well justified. 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. Although they both have high annual fees, they each. The catch is that not everyone is going to use all of those credits. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. For rates and fees of The Platinum Card from American Express, please click here. 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 you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. Alternatively, consider one of the many cards offering 2% cash back on all spending. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. 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. Editorial Note: We earn a commission from partner links on Forbes Advisor. That noted, there are plenty of very . Your financial situation is unique and the products and services we review may not be right for your circumstances. A bunch of annual credits a $300 annual Equinox credit (enrollment required), a $240 annual digital entertainment credit (enrollment required), a $200 annual hotel credit, a $200 annual airline fee credit (enrollment required), a $200 annual Uber credit (enrollment required), a $189 annual CLEAR credit, and a $100 annual Saks credit, The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta SkyClubs, a Priority Pass membership (enrollment required), and more, 5x points on airfare purchased directly from airlines (on up to $500,000 in Ryan is wondering whether it makes sense to add The Platinum Card from American Express (winner of TPGs battle of the premium cards) to his wallet, as the card provides a tremendous lineup of perks and benefits. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. 50,000 Miles 90,000 Miles! 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. Nowadays premium credit cards are more popular than ever before. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. Chase offers no equivalent benefit. Both cards have similar travel benefits. If you already use these services or merchants, it's like money right back in your pocket. Please visit americanexpress.com/benefitsguide for more details. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. This section explains the subject of divorce law in New Jersey. The airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. Card Members are responsible for the costs charged by third-party service providers. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. 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. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Eligibility and Benefit level varies by Card. This is just one scoring method and a credit card issuer may use another method when considering your application. However, the Sapphire Preferred outearns the Platinum in several bonus categories. Please visit americanexpress.com/benefitsguide for more details. But wait! TheChase Sapphire Reserve has a $550 annual Amex Platinum. Cost includes $12.95 plus applicable local sales tax. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. Please visit americanexpress.com/benefitsguide for more details. is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. 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. Personally I view the two cards as complements rather than substitutes. 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. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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 Chase Sapphire Preferred Card offers no airport lounge access benefits. Both cards also offer a travel assistance service which can make medical and legal referrals, but the costs of services provided are the responsibility of the cardholder. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. Eligibility and Benefit level varies by Card. These are the best publicly available offers (terms apply) that we have found for each product or service. 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. $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. That's only $667 per month of spending required to hit the bonus! The Platinum Card from. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. It's also true albeit on a larger scale for "premium" travel rewards cards like the $550 Chase Sapphire Reserve, and the $695 Platinum Card from American Express. Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. To me, the only thing that the Amex Platinum and There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Terms apply to the offers listed on this page. Sections. Check here before booking an award fare. This post contains references to products from one or more of our advertisers. Compare the cost in points or miles to cash, and see which option is best. No, those numbers are not typos. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. Furthermore, I earn lots of bonus points and get great travel protection with the card. Both cards can potentially offer outsized value, but theyre very different from one another. This does not drive our decision as to whether or not a product is featured or recommended. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. I know that typically these two car are viewed as "rival" car. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. 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). Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. 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. Find the right card for you. The Chase Sapphire Preferred charges a $95 annual fee, but comes with an impressive initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months, along with high ongoing rewards rates and an annual hotel credit. our office. 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. 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. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. 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. Chase Dining purchases made through the Ultimate Rewards portal. 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. CREDIT MONITORING. You can get up to $200 a year in Uber credits each card member year. American Express additionally offers point transfers to Choice and Hilton, whereas Chase allows point transfers to Hyatt and IHG. Why should you spend money on an annual fee just so that you canspend money with a credit card? (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 . Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! We may receive compensation when you click on links to those products. Eligibility and Benefit level varies by Card. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. United rolls out free fleetwide Wi-Fi for select flyers. The various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. 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. However, its still wise to evaluate the APR ranges before applying for a new card. 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having both amex platinum and chase sapphire preferred