This site does not include all credit card companies or all available credit card offers. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. We may receive compensation when you click on links to those products. Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. These two popular cards are often mentioned in an either-or scenario. Underwritten by AMEX Assurance Company. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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. There are also 11 American Express lounges in international airports. Do you have the It is worth noting that the Chase Sapphire Preferred Card has a lower annual fee. Compare the cost in points or miles to cash, and see which option is best. Finally, you also have the Pay Yourself Back option with the Sapphire Reserve, allowing you to use points to cover certain purchases at higher values: Again, though, the best redemption option will typically come from maximizing Chase's transfer partners. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. $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. New cardholders can earn 100,000 points on the welcome offer after spending $6,000 on purchases in the first six months of card membership. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. Want more credit card news and advice from TPG? Up to $200 annual prepaid hotel statement credit. Terms, Conditions and Limitations Apply. Terms, Conditions and Limitations Apply. That makes the welcome offer worth around$1,140. 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. 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. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. Improve earnings, maximize rewards and track progress toward dream trips. Youll earn 5 points per dollar on flights and 10 points per dollar on hotels and car rentals when purchasing travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. 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. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Please visit americanexpress.com/benefitsguide for more details. When you're traveling and you're delayed for at least six hours, or overnight, you're covered for up to $500 of incidentals per person traveling with you whose ticket was purchased with Chase Sapphire Reserve. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. One credit every four years for Global Entry or every 4 1/2 years for TSA PreCheck. There are two long-standing titans of the premium card market. Access your favorite topics in a personalized feed while you're on the go. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Delta SkyMiles Platinum American Express Card . Update: Some offers mentioned below are no longer available. 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. Just decline the collision/damage/loss coverage offered by the rental agency. That being said, the math truly does check out for me on both cards. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. All told, Chase can transfer to 11 airlines and three hotel brands. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? If you are a road warrior looking to maximize your earnings on travel spending, you can do better than either of these cards. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. Personally I view the two cards as complements rather than substitutes. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Final Verdict. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. BANKING. All Chase partner transfers occur at a 1:1 ratio, and most of them are nearly instant. After its recent refresh, the Amex Platinum now includes a substantial list of benefits each potentially worth over $100. The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. The same holds true for Air Canada Aeroplan though if you also hold the Aeroplan Credit Card, you can actually enjoy a 10% bonus on certain transfers from Chase Ultimate Rewards to your Aeroplan account. Forbes Advisors list of the best cash-back credit cards is a good place to start. For an explanation of our Advertising Policy, visit. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. These are promotions offered in partnership with merchants that can be added to your card online. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. Please check out our advertiser policy for further details about our partners, and thanks for your support! Forbes Advisor created additional star ratings so that you can see the best card for specific needs. Chase Sapphire Preferred Card vs. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. 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. 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. Are you sure you want to rest your choices? 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. After the two AMEX cards I probably won't get anymore. By clicking "Accept All", you consent to our use of cookies. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. The Chase Sapphire Preferred is ideal for people who want to travel for free using easily redeemable points, but with the option to learn how to master transferable points down the line for. This does not drive our decision as to whether or not a product is featured or recommended. 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. However, Amex offers transfer bonuses regularly, stretching your balance farther. Learn more. Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. This compensation comes from two main sources. 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. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. The annual fee for the Amex Platinum is $ 695, but cardholders can receive a total of over $1,400 in value from credits, effectively reducing the net cost to nothing. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Trip cancellation/interruption insurance. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. And we haven't even gotten to the rewards yet. 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. 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. Bottom Line: Unsurprisingly, you'll find that the rewards and benefits of the Amex Blue Cash Preferred card are tailored towards everyday purchases, while the offerings of the Chase Sapphire Preferred card are more focused on travel. Warrior looking to maximize your earnings on travel purchases than the Chase Sapphire Reservefee is effectively just 250! 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