Learn more. Subscribe. 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. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. 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. Trip cancellation/interruption insurance. 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. 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. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. 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. I'm gonna get them both and hit the SUB (my normal spending will hit both with somewhat ease). With that in mind, what do I recommend for people who ask me which card they should get? Nowadays premium credit cards are more popular than ever before. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. 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. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. 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. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. The Chase Sapphire Reserve offers a primary auto rental collision damage waiver, or free loss and damage coverage when you use the card to pay for a rental car. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. 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. 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. With the Chase Sapphire Reserve, you can redeem points for travel through Chase's own travel portal at a rate of 1.5 cents per point. View the current offers here. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. 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. I know that typically these two car are viewed as "rival" car. Do you have the 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. Thats more than $4,000 in annual value on benefits alone, for when you get back to traveling again and maximizing all the cards features. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card The offers on this page have updated or changed since the time of publication. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. $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. Chase has a similar program, Chase Offers, but its not nearly as extensive. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. 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. 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. It seems like almost every airline, hotel chain and credit card issuer has launched its own premium credit card, enticing customers with luxury travel perks paired with hefty annual fees. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Keep in mind that we're focusing on the rewards and perks that make these cards great options, not things like interest rates and late fees, which can far outweigh the value of any rewards. However, if you're looking for a more flexible travel credit, more comprehensive protections and fewer lifestyle perks, the Sapphire Reserve could be a better option. fees? Executives hint at an answer. For an explanation of our Advertising Policy, visit. 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. 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. Money. Personally, After its recent refresh, the Amex Platinum now includes a substantial list of benefits each potentially worth over $100. Underwritten by AMEX Assurance Company. Chase Sapphire Preferred Card vs. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. 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. That means the 60,000 points earned from the sign-up. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. David is a Senior Transportation Reporter for Business Insider. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Your best option depends on which other Chase or Amex cards you currently have in your wallet and how the bonus categories on those other cards overlap with the Chase Sapphire Reserve and Amex Platinum. This site does not include all credit card companies or all available credit card offers. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. TheAmex Platinum has a $695 annual fee Please try again later. 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. read about my favorite perks of the Amex Platinum Card. 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. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. 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. Thats $750 when you redeem through Chase Ultimate Rewards. The best option is transferring to an airline. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? Theres a minimum earning rate of 1 point per dollar spent. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. The cards, however, actually complement each other quite well. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? 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. Underwritten by AMEX Assurance Company. Weve got your back. Amex Platinum. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. But wait! Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Find the right card for you. Some locations also feature shower suites, spas, or relaxation areas. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Terms, Conditions and Limitations Apply. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. BANKING. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Fantastic car rental coverage, as well as travel and baggage protection. 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. Commissions do not affect our editors' opinions or evaluations. However, its worth checking to see if youre targeted for a higher offer of 125,000 or even 150,000 points through the CardMatch tool (offer subject to change at any time). Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? Please visit americanexpress.com/benefitsguide for more details. No, those numbers are not typos. To me, the only thing that the Amex Platinum and Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Our points-obsessed staff uses a plethora of credit cards on a daily basis. 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 Chase Sapphire Reserve offers up to a $300 travel credit each card member year. That being said, the math truly does check out for me on both cards. Want to make sure youre maximizing every purchase like a points expert? So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. best credit cards Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. In this area, the Chase Sapphire Preferred Card shines. Plus, you earn 3 points per dollar on travel (excluding the $300 travel credit) and dining, and these categories are broad enough that you wont be scratching your head trying to decide if youre swiping the right card. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. Black-owned Businesses. Your financial situation is unique and the products and services we review may not be right for your circumstances. Terms, Conditions and Limitations Apply. However, they offer slightly different value propositions. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. 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. Delta SkyMiles Platinum American Express Card . 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