Cost includes $12.95 plus applicable local sales tax. Points are worth 1 cent each when redeemed as cash back. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Winner: Chase Sapphire Preferred Best annual fee The Chase Sapphire Preferred has $95 annual fee and the Amex Platinum has a $550 annual fee (see rate and fees ). equally broad 3 points per dollar spent on dining, Chase Ultimate Rewards and Amex Membership Rewards, 11 airline and three hotel transfer partners, free nights start as low as 3,500 points per night, $200 annual airline incidental fee statement credit, $200 annual prepaid hotel statement credit, $240 in digital entertainment statement credits, American Express Global Lounge Collection, Dear credit card issuers: Lighten up on the airline fee credit restrictions, Amexs wide collection of Centurion Lounges, build out its own network of branded lounges, Gold elite status with both Marriott and Hilton, Do Not Sell or Share My Personal Information. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. Chase Sapphire Preferred Card . We'll run a soft credit check to find special offers, but it wont affect your credit score. We'd love to hear from you, please enter your comments. Terms apply to the offers listed on this page. 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. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. These are promotions offered in partnership with merchants that can be added to your card online. All Rights Reserved. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. 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. It's backed up by an excellent rewards program: 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 CREDIT MONITORING. Offering a rare mix of high rewards rates and redemption flexibility, this card is a dream for frequent spenders on travel & dining - while charging a modest annual fee. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. 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. Both can easily justify the card's annual fee in your first year. The welcome offer alone is worth $2,000, according to TPG valuations. Amex Platinum. For an explanation of our Advertising Policy, visit. The Chase Sapphire Reserve introductory bonus is not as generous. Just decline the collision/damage/loss coverage offered by the rental agency. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. 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. Points can also be transferred to any of Chase's 14 airline and hotel partners. Both of these cards get that done but in very different ways. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Secondary car rental coverage. He primarily covers airlines and air travel. 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. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. For rates and fees of the Amex Platinum card, please click here. Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? Please visit americanexpress.com/benefitsguide for more details. Plus Ups are excluded. The overlap between groups has ______ in americas residential neighborhoods and workplaces. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024. Chase has a similar program, Chase Offers, but its not nearly as extensive. Eligibility and Benefit level varies by Card. In some cases, we receive a commission from our partners; however, our opinions are our own. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. There are two long-standing titans of the premium card market. Winner: Amex Platinum is the clear winner when it comes to perks and benefits, which include its $1,400-plus in annual statement credits, expanded airport lounge access, travel protections, and elite status with Marriott and Hilton. Terms apply to the offers listed on this page. 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. However, Amex offers transfer bonuses regularly, stretching your balance farther. 1.25 cents per point to cover your annual fee. But wait! Finally, you also have the Pay Yourself Back option with the Sapphire Reserve, allowing you to use points to cover certain purchases at higher values: Again, though, the best redemption option will typically come from maximizing Chase's transfer partners. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. 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. Airfare booked through the Ultimate Rewards portal. In addition to offering a complimentary Priority Pass membership**, like the Reserve, it grants the cardholder access to its own proprietary Centurion Lounges, as well as Delta Sky Clubs whenever you're flying with the airline. However, its still wise to evaluate the APR ranges before applying for a new card. But who wants to pay $1,245 I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, On the surface, 3 points per dollar on these categories is respectable. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. Get the Chase Sapphire Reserve, Do you want the best card for airport lounge access, a huge number of credits that could way more than justify the annual fee, useful mid-tier hotel status with two programs, 5x points on airfare, and more? 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. Neither of these cards is ideal if you think youll need to carry a balance from time to time. 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 CSR has a $550 annual fee and the Amex Platinum has a $695 annual fee but military troops and spouses get the fee waived to $0. Final Verdict. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Terms, Conditions and Limitations Apply. fees? Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. 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). January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. Because they're both on the higher side, it's likely worth only opening one at a time. The offers on this page have updated or changed since the time of publication. The Chase Sapphire Preferred doesn't offer 5X on "all" airfare like Amex Platinum, but again, it's a $95 a year card, instead of $695 like Amex Platinum. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. 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. 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. The Chase Sapphire Reserve's annual fee is slightly lower at $550. Some locations also feature shower suites, spas, or relaxation areas. Please visit americanexpress.com/benefitsguide for more details. This card shines for this use, but overall the star ratings may differ when compared to other cards. Does it make sense to have Amex Gold and Chase Sapphire Reserve? The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. The Platinum Card from. Still, if you travel several times a year, it may be worth considering both as part of your card portfolio as long as you can tackle the hefty annual fees. Editorial Note: We earn a commission from partner links on Forbes Advisor. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. 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. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. We may receive compensation when you click on links to those products. To start, the annual fees are a little bit misleading. 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. 10% anniversary point bonus on all your yearly spending. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? Underwritten by New Hampshire Insurance Company, an AIG Company. By clicking "Accept All", you consent to our use of cookies. 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. Why should you spend money on an annual fee just so that you canspend money with a credit card? Plus, your own feed of TPG content. 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. 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