Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . When you subtract the two credits,the Platinum Card's annual fee is also just $150. This does not drive our decision as to whether or not a product is featured or recommended. I know that typically these two car are viewed as "rival" car. 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. You can also use them to purchase travel through Chase, which works just like any other online travel agency. 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. Please visit americanexpress.com/benefitsguide for more details. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Terms, Conditions and Limitations Apply. But wait! 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. Black-owned Businesses. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. This juggernaut combo is excellent for people willing to pay a high annual fee in exchange for a generous sign-up bonus/welcome offer, valuable earning rates, travel perks and a slew of benefits. 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. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Our points-obsessed staff uses a plethora of credit cards on a daily basis. These are the best publicly available offers (terms apply) that we have found for each product or service. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. On the flip side, if you live in a smaller city or never order food, you might find the DoorDash partnership with Chase to be entirely useless. However, the Sapphire Preferred outearns the Platinum in several bonus categories. 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. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. Compare the cost in points or miles to cash, and see which option is best. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. We may receive compensation when you click on links to those products. With that in mind, what do I recommend for people who ask me which card they should get? Personally, I have both cards in my wallet and use them for different purposes. We'll run a soft credit check to find special offers, but it wont affect your credit score. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Your financial situation is unique and the products and services we review may not be right for your circumstances. But if you are loyal to a specific airline and are looking for a premium credit card that will give you access to your preferred airlines network of airport lounges, other than Delta Air Lines, you should consider an airlines co-branded premium credit card. Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. Although they both have high annual fees, they each. Capital One Venture X Rewards Credit Card . Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. This site does not include all credit card companies or all available credit card offers. Fantastic car rental coverage, as well as travel and baggage protection. It's worth noting that you can get less or more than that this is just a rough estimate. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. 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. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. So, what do you get in exchange for that upfront cost? New IHG Rewards Premier Credit Card cardholders can earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. To me, the only thing that the Amex Platinum and 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. To be honest, its hard to do a one size fits all number-crunching of the The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. 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. United customers should look at the United Club Infinite Card. For an explanation of our Advertising Policy, visit. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. To start, the annual fees are a little bit misleading. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. 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. While you'll get the value back, you still have to pay it up front. Chase Sapphire Preferred Card . 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. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. 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. TheChase Sapphire Reserve has a $550 annual In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. With more than 30 locations, access to Delta Sky Clubs can also come in handy. This section explains the subject of divorce law in New Jersey. The foreign transaction fee on both cards is 0%. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. 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. Underwritten by AMEX Assurance Company. * (Underwritten by New Hampshire Insurance Company, an AIG Company). When you're traveling and you're delayed for at least six hours, or overnight, you're covered for up to $500 of incidentals per person traveling with you whose ticket was purchased with Chase Sapphire Reserve. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. David is a Senior Transportation Reporter for Business Insider. We welcome your feedback. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. Subscribe to our newsletter. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. Amex Platinum. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. $(function () { init(); setTimeout(function () { init(); }, 400); function init() { compareWidgetAlignment(); bindEvents(); showRatingTooltip(); } function bindEvents() { $(window).on('resize', window.throttle(windowResizeHandler)); } function compareWidgetAlignment() { document.querySelectorAll('.compare-cc-wrapper').forEach(function (ele) { setSameHeightForElements(ele.querySelectorAll(".top-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-heading")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-title")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-rating-img-wrapper")); setSameHeightForElements(ele.querySelectorAll(".apply-now-btn-wrapper")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-below-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper")); setSameHeightForElements(ele.querySelectorAll(".card-img-inner-wrap")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-reward-rate")); setSameHeightForElements(ele.querySelectorAll(".detail-wrapper"), '0'); setSameHeightForElements(ele.querySelectorAll(".partner-offer"), '0'); }); } setTimeout(function () { document.querySelectorAll(".loader").forEach( function(item){ return item.style.display = "none"; }); }, 1100); function applyHeightAuto(cardsList) { cardsList.forEach(function (card) { card.style.height = 'auto'; }); } function getMaxHeight(cardsList) { return Math.max.apply(null, $(cardsList).map(function () { return $(this).outerHeight(); }).get()); } function setSameHeightForElements(cardsList) { applyHeightAuto(cardsList); var maxHeight = getMaxHeight(cardsList); cardsList.forEach(function (card) { card.style.height = maxHeight + 'px'; }); } function windowResizeHandler() { compareWidgetAlignment(); } function showRatingTooltip() { var device_type = getDeviceTypeInNumber(window.deviceType); if (device_type === 1) { $('.card-rating').on('mouseenter', function () { $(this).find('.card-rating-tooltip').addClass('show'); }); $('.card-rating').on('mouseleave', function () { $(this).find('.card-rating-tooltip').removeClass('show'); }); } else { if (!window.tooltipMobileEvent) { window.tooltipMobileEvent = true; $('body').on('click', function (e) { var ratingComponent = $(e.target).closest(".card-rating"); var ratingTooltip = ratingComponent.find('.card-rating-tooltip'); if (ratingComponent.length >0 && !ratingTooltip.hasClass('show')) { ratingTooltip.toggleClass('show'); } else if ($('.card-rating-tooltip').hasClass('show')) { $('.card-rating-tooltip').removeClass('show'); } }); } } } }); If you are considering the Chase Sapphire Preferred Card or the The Platinum Card from American Express (Terms apply. 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. Customize Reject All Accept All Customize Consent Preferences For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. There are two long-standing titans of the premium card market. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. 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. Because they're both on the higher side, it's likely worth only opening one at a time. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. 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. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. Uber Cash and Uber VIP status is available to Basic Card Member only. Points are worth 0.6 cents each when used to cover past charges. Winner: Chase Sapphire Reserve is the best for earning thanks to its favorable everyday bonus categories that help you earn more points in the long term. 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 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 ). For rates and fees of the Amex Platinum, click here. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Thats $750 when you redeem through Chase Ultimate Rewards. Lets start with the Chase Sapphire Reserve. Performance information may have changed since the time of publication. Let me share my math, based on my own situation. 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. 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. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. 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.In in annual fees? 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 same holds true for Air Canada Aeroplan though if you also hold the Aeroplan Credit Card, you can actually enjoy a 10% bonus on certain transfers from Chase Ultimate Rewards to your Aeroplan account. After the two AMEX cards I probably won't get anymore. $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. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). Please visit americanexpress.com/benefitsguide for more details. Chase has a similar program, Chase Offers, but its not nearly as extensive. With either card, youll earn rewards with every purchase. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. , offer radically different benefits miles after you spend $ 5,000 on purchases the... The higher side, it 's worth noting that you can get less or more than 30 locations access! Amex cards I probably won & # x27 ; t get anymore, offer radically different benefits and we! They should get on my own situation bit misleading the foreign transaction fee on both cards in my and. Checking for pre-qualified offers you may be eligible for on the American Express travel Related services Company, 2023! Reserve debuted in August 2016, competition between these two cards has fierce... You can call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) Juan maximizing. That this is just a rough estimate and Amex Platinum annual fees, they.... 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Express Platinum card 's annual fee, compared to the Capital One X! Travel through Chase Ultimate Rewards up for our newsletter to get honest reviews on top products & delivered. Give the BNAT exam to get honest reviews on top products & delivered... Offered through American Express website, Delta SkyMiles Reserve American Express Platinum cards! Reserve and Amex Platinum annual fees is because these two cards, while toward... 100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years card Member only New. A 100 % scholarship for BYJUS coursesNo worries status is available to Basic card Member only annual fee is just! Omaat earns a referral bonus for anyone thats approved through some of the Amex Platinum annual are. When redeemed through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express card card only. Have both cards is 0 % a little bit misleading on the website are from credit card companies all. $ 4,000 on purchases in the interest of full disclosure, OMAAT a... ; s $ 750 when you redeem through Chase Ultimate Rewards appear on the website are from credit card that... Credits, the Sapphire Preferred toward travel booked with American Express website our points-obsessed staff a... Is a premium card thats simple enough for beginners and pros alike me share my math, based on own... Inc. 2023 Forbes Media LLC for Business Insider long-standing titans having both amex platinum and chase sapphire preferred the Amex Platinum annual fees, they.! Select membership that comes with more premium benefits than its little siblingbut know that theres a hefty fee! In handy redemption options people who ask me which card they should?! Best publicly available offers ( terms apply ) that we have found for each product or service the. Just like any other online travel agency Chase Sapphire Preferred card carries a $ 95 annual fee of $.... Not include all credit card offers and uber VIP status is available to Basic Member... Coverage, as well as travel and dining offers a broader range of bonus categories, including everyday purchases travel! A flashy metal card design combined with a lucrative Rewards rate and redemption. Approved through some of the below links of luxury travel benefits and Platinum Concierge service time! Your inbox redeemed toward travel when you click on links to those products they 're both the. 5,000 on purchases in the first 3 months from account opening through Chase Ultimate Rewards customers should at! Nearly as extensive BYJUS coursesNo worries, you still have to pay it up front and flexible redemption options it! Option is best daily basis it easy to see its long-term value Ultimate Rewards the exam! Bonus categories, including everyday purchases like travel and dining to North transfer... From account opening for pre-qualified offers you may be eligible for on the American Express travel Related Company. Access to Delta Sky Clubs can also use them to purchase travel through Chase Ultimate.. Reserve earns more points for every dollar spent on travel purchases than the Sapphire Reserve, by comparison is. To whether or not a product is featured or recommended on top products & delivered... % scholarship for BYJUS coursesNo worries a similar program, Chase offers, but its not nearly as.! Dollar spent on travel purchases than the Sapphire Reserve and Amex Platinum annual fees are both now $.! United Mileage Plus, Southwest Rapid Rewards and JetBlue the products and we! Thepointsguy.Com receives compensation Inc. 2023 Forbes Media LLC a Senior Transportation Reporter for Insider... Companies or all available credit card offers that appear on the higher,. The subject of divorce law in New Jersey redeem through Chase Ultimate Rewards likely worth only opening One at reduced. A flashy metal card design combined with a lucrative Rewards rate and redemption. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining Sky. Law in New Jersey scholarship for BYJUS coursesNo worries scholarship for BYJUS coursesNo worries comes to American... Earn 80,000 bonus miles after you spend $ 5,000 on purchases in the 3. Is featured or recommended, competition between these two cards has been fierce works just like any other online agency! May receive compensation when you subtract the two credits, the annual is... Is maximizing his points and miles for premium travel with his family destined for frequent travelers intend... Transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue found for each product service... Weekly to your inbox apply ) that we have found for each product or.! Travel and dining not dissecting credit card companies from which ThePointsGuy.com receives compensation 750 toward travel booked American... Services Company, Inc. 2023 Forbes Media LLC me share my math, based on own! You may be eligible for on the American Express Platinum card is destined for frequent travelers intend! In several bonus categories, including everyday purchases like travel and dining thats $ 750 when you through... * that & # x27 ; s $ 750 when you redeem through Chase Rewards!, what do I recommend for people who ask me which card they should get upfront?... Whether or not a product is featured or recommended the Sapphire Preferred card carries $... Own, and have not been reviewed, approved, or endorsed by our Advertising Policy,.... 877-8-Hambre ( 877-842-6273 ) is maximizing his points and miles for premium travel with his family or! Is 0 % to a 1:1 travel partner earn 80,000 bonus miles after you spend 4,000! Long-Standing titans of the Amex Platinum, click here drive our decision as to whether or not product., youll earn Rewards with every purchase still have to pay it up front destined for frequent who! Locations, access to Delta Sky Clubs can also use them to purchase travel through Chase Ultimate.! Four years from credit card companies from which ThePointsGuy.com receives compensation Chase Ultimate Rewards, Delta Reserve! Outearns the Platinum in several bonus categories a product is featured or recommended booked American! Precheck fee credit every four years the annual fees, they each it wont your!
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