having both amex platinum and chase sapphire preferred

3x points on dining and travel. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? We may receive compensation when you click on links to those products. 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. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. Terms, Conditions and Limitations Apply. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). Nowadays premium credit cards are more popular than ever before. Amex Platinum. Terms, Conditions and Limitations Apply. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. With its $695 annual fee (see rates and fees), the Amex Platinum is currently offering new applicants 80,000 Membership Rewards points after they spend $6,000 on purchases in the first six months of cardmembership. That's $750 when you redeem through Chase Ultimate Rewards. Learn more. Underwritten by AMEX Assurance Company. * (Underwritten by New Hampshire Insurance Company, an AIG Company), Trip cancellation/interruption insurance. Improve earnings, maximize rewards and track progress toward dream trips. There are plenty of other benefits that come with the Platinum Card, including exclusive access to a concierge service,a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections,a free membership in Boingo's preferred plan, which gets you access to more than 1 million WiFi hotspots around the world,access to the AmEx Fine Hotels and Resorts program, and much more. However, Amex offers transfer bonuses regularly, stretching your balance farther. Sections. The. If instead you redeem your points against travel purchases through the Chase Ultimate Rewards portal or to cover eligible Pay Yourself Back purchases, the Sapphire Preferred sweetens the deal and gives you 25% more value for your points. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. Editor's note: This is a recurring post, regularly updated with new information and card details. You can also use them to purchase travel through Chase, which works just like any other online travel agency. But who wants to pay $1,245 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. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Cardholders earn 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. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. Both of these cards get that done but in very different ways. Toggle navigation dalagang bukid fish uric acid 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. However, be aware that in some countries, Amex is not as widely accepted as cards on the Visa network (the Sapphire Preferred is a Visa). So, what do you get in exchange for that upfront cost? For more on each of them, be sure to read my full review of the Chase Sapphire Reserve, and my breakdown of how I got more than $2,000 in value my first year with the Amex Platinum. However, they offer slightly different value propositions. 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. Chase offers no equivalent benefit. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Becky Pokora is an avid traveler with a particular love for the outdoors. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. The Points Guy team approximates the value of each Membership Rewards point at 1.9, though again, it's possible to get a lesser or much greater value depending on how you use them. Terms apply to offers listed on this page. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. 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. Weve got your back. Get $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. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. If you prefer an Amex, consider the American Express Green Card*. Underwritten by New Hampshire Insurance Company, an AIG Company. To be honest, its hard to do a one size fits all number-crunching of the Like individuals, teams develop their skills, the more they use them. In this video I explain why I have BOTH the AmEx Platinum and the Chase Sapphire Reserve (CSR). Up to $100 Saks Fifth Avenue statement credit ($50 every six months). Please view our advertising policy page for more information. 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). We welcome your feedback. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. Compare the cost in points or miles to cash, and see which option is best. Normally, you would need to stay for 40-50 nights to earn that level of status, so if you stay anything less than that but often enough to use the benefits this can come in extremely useful. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Card Members are responsible for the costs charged by third-party service providers. Also, the credits from the platinum are mostly niche and help offset the annual fee. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Get our daily email for the latest in travel, flight deals, and how . 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. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. Fantastic car rental coverage, as well as travel and baggage protection. Learn More Terms 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. Credit Score ranges are based on FICO credit scoring. For the rest of this article, though, let's assume you only use it once; we'll consider the remaining fee, minus the credits, at $150. * (Underwritten by AMEX Assurance Company. The Amex Platinum offers 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. 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. 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. Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. Editorial Note: We earn a commission from partner links on Forbes Advisor. For rates and fees of the Amex Platinum card, please click here. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. Both Chase and American Express partner with Marriott. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. While they are both excellent travel . These are provided as guidelines only and approval is not guaranteed. Check here before booking an award fare. fee and offers: Read a full review of the Chase Sapphire Reserve Card, and read my take on whether the Chase Sapphire Reserve is independently worth it. Points are worth 0.6 cents each when used to cover past charges. 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. 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. For the sake of this article, let's assume you don't get any extra value from spending on the card, and only from the benefits. There are also 11 American Express lounges in international airports. $(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.
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