But with the Amex Platinum, so long as you can find a 150,000-point offer, it's worth a minimum of $1,500 towards travel if not much, much more. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. 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. We may receive compensation when you click on links to those products. 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. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . So, what do you get in exchange for that upfront cost? Both Chase and American Express partner with Marriott. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. In Next, there's an airline fee credit each calendar year**. BANKING. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. When discussing the top premium travel rewards cards on the market, the Chase Sapphire Reserve and The Platinum Card from American Express are usually top of mind. Information provided on Forbes Advisor is for educational purposes only. fees? Is that even a thing? Terms, Conditions and Limitations Apply. 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. Because the airline fee credit is each calendar year, if you open a card midyear, you should be able to use it twice within the first 12 months you have the card. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. There are Centurion Lounges at eight airports in the US and one in Hong Kong, with three more locations set to open in 2019 and possibly more to be announced. TheChase Sapphire Reserve has a $550 annual Bottom line. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. However, Amex offers transfer bonuses regularly, stretching your balance farther. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. * (Underwritten by New Hampshire Insurance Company, an AIG Company). That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Terms apply to offers listed on this page. 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. Underwritten by AMEX Assurance Company. Money. However, they offer slightly different value propositions. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus, Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. Just decline the collision/damage/loss coverage offered by the rental agency. Nowadays premium credit cards are more popular than ever before. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. (Rates & Fees). Plus, that way you can spread out the annual fees by a few months. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, That means the 60,000 points earned from the sign-up. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Let me break down why these cards serve such different purposes.Basics of the Amex Platinum CardBasics of the Chase Sapphire Reserve CardWhy the cards are complements, not substitutesBut who wants to pay $1,245 in annual 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). Compare the cost in points or miles to cash, and see which option is best. has been a frequent flier for as long as he can remember. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. Do you have the Eligibility and Benefit level varies by Card. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Please visit americanexpress.com/benefitsguide for more details. Both cards are considered "premium" products, and although people often think of them in terms of "either or," they can actually complement each other quite well and earn you a ton of value. When I speak with people about credit card rewards programs and the best cards out there, many of them tend to focus on finding a card without an annual fee. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Eligibility and Benefit level varies by Card. Although they both have high annual fees, they each. Should you get Global Entry or TSA PreCheck? Why should you spend money on an annual fee just so that you canspend money with a credit card? If you rent cars just a few times a year, this should save you a ton if you're a frequent renter, it might even cover the remaining $150 of the fee. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. We'd love to hear from you, please enter your comments. Plus, your own feed of TPG content. Points are worth 0.6 cents each when used to cover past charges. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. However, since earning the welcome offer, I don't often use my Platinum Card for everyday spending unless I need to in order to to get a certain benefit or unlock an Amex Offer. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? However, they offer slightly different value propositions. See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. 60,000 Points Learn More Terms Apply. Weve got your back. Points transfer to participating partner programs at a 1:1 ratio. Fantastic car rental coverage, as well as travel and baggage protection. Up to $100 Saks Fifth Avenue statement credit ($50 every six months). To me, the only thing that the Amex Platinum and No, those numbers are not typos. Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. Sections. Improve earnings, maximize rewards and track progress toward dream trips. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Note that there is a two-night minimum stay for The Hotel Collection bookings. Personally, The offers on this page have updated or changed since the time of publication. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Eligibility and Benefit level varies by Card. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. That noted, there are plenty of very . But who wants to pay $1,245 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. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. Download the free TPG App to start spending like a pro. Editors note: This article is part of a column to answer your toughest credit card questions. 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. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Can you combine American Express and Chase points? This is the best points offer ever for this card! THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Want to make sure youre maximizing every purchase like a points expert? Our points-obsessed staff uses a plethora of credit cards on a daily basis. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. Get our daily email for the latest in travel, flight deals, and how . Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. Eligibility and Benefit level varies by Card. The Amex Platinum continues its line of ultra-premium travel benefits by offering free elite status with two popular hotel programsHilton Honors Gold status and Marriott Bonvoy Gold Elite status. This post contains references to products from one or more of our advertisers. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. The annual percentage rate on your Amex Platinum is between 19.74% and 26.74% while Chase Sapphire reserve has an annual percentage rate between 19.99% and 26.99%. 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