Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. Please view our advertising policy page for more information. Terms apply to the offers listed on this page. You might be using an unsupported or outdated browser. For example, 60,000 points are worth $750 toward travel. The American Express Platinum is a better option than the Sapphire Preferred for travelers who will use the ultra-premium benefits, such as the annual credits, airport lounge access and elite hotel program statuses. Editors note: This article is part of a column to answer your toughest credit card questions. Make sure your credit card checks off these 5 boxes when traveling internationally. Up to $200 annual prepaid hotel statement credit. View the current offers here. Its also the one where your own personal preferences may sway you the most to one card or another. 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. Sections. That being said, the math truly does check out for me on both cards. A Priority Pass membership. Additional reporting by Joseph Hostetler. TPG also values Ultimate Rewards points at 2 cents each, making this bonus worth $1,200. Theres a minimum earning rate of 1 point per dollar spent. 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. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. Right on! 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. 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. 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. 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. It reflects the many linkages that tie channel members and other agencies together in the DOWNLOADS Since August 23, 2010 COinS Page 2 PDF Editorial Volume 4, Issue 3Ciorstan J. Smark PDF Book Review : Social and Environmental AccountingLee C. Moerman Page 3 PDF Editorial Volume Bottom Line: With access to over 1,300 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges. After the two AMEX cards I probably won't get anymore. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. Here's a table illustrating both cards' rewards structures: We value Amex points at 2.2 cents each and Chase points at 2.0 cents each. The welcome offer alone is worth $2,000, according to TPG valuations. We'll run a soft credit check to find special offers, but it wont affect your credit score. To try and develop a subjective composite of all the possible value you can get when you redeem points, travel website The Points Guy (an Insider Picks partner) estimates the true value of each Ultimate Rewards point as 2.1. 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. Access is exclusive for Platinum and Centurion (Black) cardholders. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. Going by that number, the sign-up bonus is worth around $1,050. Toggle navigation dalagang bukid fish uric acid Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For an explanation of our Advertising Policy, visit. Terms apply to the offers listed on this page. Some people give Chase the edge since it partners with more programs you may already be familiar with and includes Hyatt (arguably the most lucrative hotel program based on the value of its points). The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. best credit cards Past performance is not indicative of future results. Your financial situation is unique and the products and services we review may not be right for your circumstances. 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. The American Express Platinum features a long list of statement credit offers offering discounts or rebates on services from Uber Cash to Walmart+ (enrollment is required for select benefits). 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 Terms, Conditions and Limitations Apply. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. Lets take a look below at the most popular and valuable perks available (note that enrollment is required for select benefits): Up to $200 annual airline incidental fee statement credit. There are also 11 American Express lounges in international airports. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. 1.5 cents per point for select charitable donations through Dec. 31, 2023. 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. Personally, In this area, the Chase Sapphire Preferred Card shines. Delta SkyMiles Platinum American Express Card . Cost includes $12.95 plus applicable local sales tax. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. Sign up for our daily newsletter! Chase Sapphire Preferred Card . Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. Points are worth 1 cent each when redeemed as cash back. Eligibility and Benefit level varies by Card. Email us at reviews@businessinsider.com. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. Winner: Tie Best benefits and perks But who wants to pay $1,245 * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Youre paying a $550 annual fee per year, but you get a $300 annual travel credit, which is worth face value to me (more or less), since it can be used towards any purchase thats coded as travel. However, Amex offers transfer bonuses regularly, stretching your balance farther. in annual fees? We may receive compensation when you click on links to those products. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. Eligibility and Benefit level varies by Card. Some of the larger locations feature showers, too. If you have multiple points-earning cards from Amex or Chase, The Chase Sapphire Reserve card earns Ultimate Rewards points and the Amex Gold card earns Membership Rewards points, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card, both issuers allow you to combine the points you earn under the same account, Basics of the Chase Sapphire Reserve Card, Why the cards are complements, not substitutes. 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. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). These are the best publicly available offers (terms apply) that we have found for each product or service. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? 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. 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