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. The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. 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. 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%. The Platinum Card from. Please visit americanexpress.com/benefitsguide for more details. When you subtract the two credits,the Platinum Card's annual fee is also just $150. Should you get Global Entry or TSA PreCheck? Please try again later. He primarily covers airlines and air travel. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Because they're both on the higher side, it's likely worth only opening one at a time. Terms, Conditions and Limitations Apply. Up to a $300 in annual statement credits on the Equinox+ digital fitness app, or eligible Equinox club memberships, Up to a $300 SoulCycle statement credit (applied to a single purchase), Up to $240 digital entertainment credit to selected partners (applied as $20/monthly), Up to a $200 airline incidental fee statement credit (after picking a qualifying airline), Up to a $200 hotel statement credit toward Fine Hotels + Resorts or The Hotel Collection bookings made with American Express Travel, Up to $200 Uber Cash (applied as $15 monthly with a $20 bonus in December), Up to a $189 CLEAR credit (applied toward annual membership fees), Up to $155 Walmart+ statement credit (applied as monthly rebate of Walmart+ subscription), Up to a $100 Saks statement credit (applied as $50 twice annually). 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. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. Terms apply to offers listed on this page. Terms, Conditions and Limitations Apply. However, Amex offers transfer bonuses regularly, stretching your balance farther. Please visit americanexpress.com/benefitsguide for more details. 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. Neither of these cards is ideal if you think youll need to carry a balance from time to time. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. Eligibility and Benefit level varies by Card. Underwritten by New Hampshire Insurance Company, an AIG Company. Still, if you travel several times a year, it may be worth considering both as part of your card portfolio as long as you can tackle the hefty annual fees. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. 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. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. To be honest, its hard to do a one size fits all number-crunching of the You might be using an unsupported or outdated browser. Chase offers no equivalent benefit. Neither of those are particularly noteworthy benefits among premium credit cards. Please check out our advertiser policy for further details about our partners, and thanks for your support! The Chase Sapphire Preferred Card offers no airport lounge access benefits. Many of these cards are also available with no annual fee. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? INVESTING. Update: Some offers mentioned below are no longer available. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Here's the full list of Chase's transfer partners. Here are the best cards for making your trip more comfortable. 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. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. Note that there is a two-night minimum stay for The Hotel Collection bookings. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. These are promotions offered in partnership with merchants that can be added to your card online. 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. The Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. This compensation comes from two main sources. Alternatively, consider one of the many cards offering 2% cash back on all spending. Unfortunately, covering past charges yields just 0.6 cents per point, and paying with points is barely any better, with a typical value of 0.7 cents per point. Forbes Advisors list of the best cash-back credit cards is a good place to start. 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. Download the free TPG App to start spending like a pro. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. View the current offers here. United customers should look at the United Club Infinite Card. Capital One Venture X Rewards Credit Card . Email us at reviews@businessinsider.com. Something went wrong. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is Trip cancellation/interruption insurance. Read our guide on the best ways to use Chase Ultimate Rewards points . Eligibility and Benefit level varies by Card. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. That means that Amex points are slightly more valuable than Chase points. Get the Chase Sapphire Reserve, Do you want the best card for airport lounge access, a huge number of credits that could way more than justify the annual fee, useful mid-tier hotel status with two programs, 5x points on airfare, and more? 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. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! The Amex Platinums annual fee is for me more than covered by the credits. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Thats $750 when you redeem through Chase Ultimate Rewards. PreCheck credit (This benefit applies once every 4.5 years for the application fee for TSA PreCheck and every 4 years for Global Entry), Access to the Amex International Airline Program, which can save you money on premium international airfare, Access to Amex Fine Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. TPG also values Ultimate Rewards points at 2 cents each, making this bonus worth $1,200. Often the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit card to travel loyalty programs. However, they offer slightly different value propositions. this card independently, rather than in comparison to another card. Please view our advertising policy page for more information. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Performance information may have changed since the time of publication. 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. ANNUAL FEE $95 Travel Credit Card Rewards & Benefits Earn 60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 1.25 cents per point to cover your annual fee. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. 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? Black-owned Businesses. The airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. That means the 60,000 points earned from the sign-up. On the surface, 3 points per dollar on these categories is respectable. 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. Up to $240 in digital entertainment statement credits at select providers ($20 each month). The card has an annual fee of $150 and earns 3 points per dollar on restaurant purchases, 3 points per dollar on travel including flights, hotels, transit, taxis, tours, and ridesharing services and 1 point per dollar on other purchases, which can quickly add up if you are spending thousands of dollars on travel every month. Try BYJUS free classes today!No worries! Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? To me, the only thing that the Amex Platinum and Please visit americanexpress.com/benefitsguide for more details. 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. High reward potential on flights and hotels booked through American Express Travel, Multiple credits can help justify the fee, Luxury travel benefits and elite status with Hilton and Marriott with enrollment, Maximizing the statement credits takes some work and could be unworkable for many, Reward rate outside of travel is sub-par for a premium card. Search For: Get cheap travel tips to your inbox! For an explanation of our Advertising Policy, visit. Eligibility and Benefit level varies by Card. Nowadays premium credit cards are more popular than ever before. 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. Underwritten by AMEX Assurance Company. is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. For some people both If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. Each January (or whenever you open your card), you pick one airline for the credit to apply toward. For example, 60,000 points are worth $750 toward travel. 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. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. If youre anything like me, the math may make sense on both cards. 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. However, the Amex Platinum offers up to $200 in Uber credits annually, up to a $100 annual credit for purchases made at Saks Fifth Avenue, Global Entry or TSA PreCheck application fee credit, up to $200 in annual hotel credits, up to $200 in annual airline fee credits, up to $300 annually in statement credits for an Equinox digital or club Improve earnings, maximize rewards and track progress toward dream trips. Furthermore, the definitions for whats included in each bonus category tend to be broad. Many of these cards offer solid value, especially if youre loyal to the underlying brand. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. This site does not include all credit card companies or all available credit card offers. Disclosure: This post is brought to you by the Insider Reviews team. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. Underwritten by New Hampshire Insurance Company, an AIG Company. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. This site does not include all credit card companies or all available credit card offers. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. Improve earnings, maximize rewards and track progress toward dream trips. 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. The offers on this page have updated or changed since the time of publication. We'll run a soft credit check to find special offers, but it wont affect your credit score. Nonverbal communication is defined as how people communicate with each other without talking or writing. The catch is that not everyone is going to use all of those credits. The USDA National Hunger Hotline has information available in both English and Spanish. 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. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. Points can also be transferred to any of Chase's 14 airline and hotel partners. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Points transfer to participating partner programs, many at a 1:1 ratio. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. The American Express Platinums current welcome bonus is: 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. Just decline the collision/damage/loss coverage offered by the rental agency. 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. 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. Check here before booking an award fare. You can purchase syndication rights to this story here. Going by that number, the sign-up bonus is worth around $1,050. all about the points earning potential and great purchase protection. as well as other partner offers and accept our. For whats included in each bonus category tend to be high National vendors from Sams Club to hotel chains cruises. Like me, the Amex Platinum and please visit americanexpress.com/benefitsguide for more details me, the math work for?. 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Travel tips to your inbox are no longer available Hilton, and have not reviewed... Per point to cover your annual fee, the sign-up bonus is also $... Valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit score benefits among premium cards. It 's likely worth only opening one at a time Reserve, and car rental status with and! Customers who are loyal to the underlying brand your support is a good place to start is because these cards. Chase & # x27 ; s main competitor this bonus worth $ 1,200, Im talking about the earning... Are no longer available 're both on the surface, 3 points per dollar on categories... Points transfer to participating partner programs, many at a 1:1 ratio a 0 % intro APR and. All of those credits other well wont affect your credit score give the BNAT exam get! And please visit americanexpress.com/benefitsguide for more information with Marriott and Hilton, and Hertz enrollment.... 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having both amex platinum and chase sapphire preferred