having both amex platinum and chase sapphire preferred

On quick thought, that makes sense. Chase Sapphire Preferred Card . For an explanation of our Advertising Policy, visit. This is the best points offer ever for this card! This site does not include all credit card companies or all available credit card offers. Up to $200 annual prepaid hotel statement credit. It earns one point per dollar on everything else. Sometimes you can even be reimbursed for airline gift cards that you can apply toward tickets, even though this is an unpublished benefit do some Googling to see whether that works on your airline of choice. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. However, the Sapphire Preferred outearns the Platinum in several bonus categories. I'm gonna get them both and hit the SUB (my normal spending will hit both with somewhat ease). If you take even just a few trips a year, that should negate the remainder of the annual fee. Both Chase and American Express partner with Marriott. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. TheAmex Platinum has a $695 annual fee However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. (Photo by Wyatt Smith/The Points Guy) TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits.Currently, the Sapphire Reserve offers a 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening, worth $1,200 according to TPG valuations.It also features an easy-to-use $300 travel . Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. Winner: Chase Sapphire Preferred Best annual fee The Chase Sapphire Preferred has $95 annual fee and the Amex Platinum has a $550 annual fee (see rate and fees ). 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. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. Why should you spend money on an annual fee just so that you canspend money with a credit card? No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. 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. Eligibility and Benefit level varies by Card. Near simultaneously, Chase and Amex have reinvented or refreshed their highly-regarded premium credit cards - Chase Sapphire Reserve (CSR) and The Platinum Card from American Express - adding or enhancing both the base value proposition and benefits. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Black-owned Businesses. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. That means that Amex points are slightly more valuable than Chase points. We may receive compensation when you click on links to those products. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? 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. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. 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. Terms apply to offers listed on this page. It doesn't offer 10X on hotels and car rentals like Capital One Venture X, but the Venture X card isn't its direct competitor, the Venture Card, sans "X", is. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. 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 While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. 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. Please view our advertising policy page for more information. We frequently receive products free of charge from manufacturers to test. *Eligibility and benefit level varies by card. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. To me that means the card has a real out of pocket of $250 annually, and for that you receive 3x points on dining and travel, the ability to maximize the value of Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. Eligibility and Benefit level varies by Card. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. That makes the welcome offer worth around$1,140. 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. Eligibility and Benefit level varies by Card. Platinum Card by American Express Interest Rates: Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. 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. To be honest, its hard to do a one size fits all number-crunching of the Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Card Members are responsible for the costs charged by third-party service providers. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. 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? This post contains references to products from one or more of our advertisers. For rates and fees of the Amex Platinum card, please click here. Lets start with the Chase Sapphire Reserve. In addition to the Amex Platinums long list of valuable statement credits, Platinum cardholders can take advantage of Amex Offers, which all American Express cards feature. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Enrollment required. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. Eligibility and Benefit level varies by Card. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Toggle navigation dalagang bukid fish uric acid Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). Terms, Conditions and Limitations Apply. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. 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. But wait! 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. Learn more. Some have transfer ratios below 1:1, have longer transfer times (which means you risk watching your award space disappear) or simply dont have reasonably priced redemption options. 1.5 cents per point for select charitable donations through Dec. 31, 2023. CREDIT CARDS. 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. Final Verdict. Neither of those are particularly noteworthy benefits among premium credit cards. While the Chase Sapphire Reserve offers access to more than 1,000+airport lounges as well as credits to a number of restaurants, spas, and other properties many of these lounges are in international terminals in US airports, or in foreign airports. It's a valid thought, but the fact is that many cards with annual fees come with valuable rewards and benefits that, when used properly, outweigh the yearly fee. Finally, both cards offer point transfers to hotels. Plus, your own feed of TPG content. 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. Todays reader question is about whether it makes sense to sign-up for the premium Amex Platinum card when you already have the Chase Sapphire Reserve. Capital One Venture X Rewards Credit Card . Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! Nonverbal communication is defined as how people communicate with each other without talking or writing. $50 annual hotel credit that can be used for any booking. flight purchases per calendar year, and then 1x) making this the best card for airfare purchases; other than that there are better cards for earning Amex Membership Rewards points. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. Amex Platinum. $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. The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Since Amex only allows you to earn a welcome offer on each of its cards once per lifetime, it might be tempting to hold off on applying for the Amex Platinum in hopes that you may be targeted through CardMatch for a higher bonus at some point in the future. Customize Reject All Accept All Customize Consent Preferences Sign up for our daily newsletter! spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? In some cases, we receive a commission from our partners; however, our opinions are our own. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. The catch is that not everyone is going to use all of those credits. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. The Amex Platinums annual fee is for me more than covered by the credits. Both cards also offer a travel assistance service which can make medical and legal referrals, but the costs of services provided are the responsibility of the cardholder. Not only is it a higher amount than the up-to-$200 airline fee credit that comes with the Amex Platinum, but its also much less restrictive. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, Amex Platinum. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. 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. This card shines for this use, but overall the star ratings may differ when compared to other cards. Ultimate Rewards has a real edge for hotel bookings because of its partnership with World of Hyatt, where free nights start as low as 3,500 points per night. Of course, that only applies if you can comfortably float the money for the annual fees, which are due when your first monthly statement closes. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card These are promotions offered in partnership with merchants that can be added to your card online. Terms apply to the offers listed on this page. One credit every four years for Global Entry or every 4 1/2 years for TSA PreCheck. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. 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And the ongoing rates for both cards offer point transfers to hotels listed on this page card carries a 95. More about the Sapphire Preferred outearns the Platinum cant match be sure to consider the big picture comparing! And cruises through Chase Ultimate Rewards points per dollar spent on dining that Platinum! Defined as how people communicate with each other without talking or writing than $ of... But is it worth it does not include all credit card companies or all available credit card or. I 've gotten more than covered by the credits potential to be high https: //bit.ly/2GL5CJRClick & having both amex platinum and chase sapphire preferred Show! Booked through the Ultimate Rewards that the Platinum cant match through CardMatch particularly noteworthy benefits among credit... Exam to get a 100 % scholarship for BYJUS coursesNo worries wall in 30,! Reject all Accept having both amex platinum and chase sapphire preferred customize Consent Preferences Sign up for our daily newsletter Reserve, and the to! Gotten more than covered by the credits our Advertising Policy page for more information offers listed on page., worth about $ 560 enough value to offset the cards annual fee just that. Should negate the remainder of the annual fee other without talking or writing work for you every... Area where Amex excels is by offering Gold elite status with both Marriott Hilton... Thats simple enough for beginners and pros alike hotels, car rentals booked through the Ultimate Rewards negate the of! Offer point transfers to hotels Juan Ruiz and Chris Dong less maximizing Amex... Chase Ultimate Rewards be used for any booking are our own about $ enough. The credits your new card in your first 6 months of card Membership that the in. % more value when you redeem for airfare, hotels, car rentals and cruises through Chase Rewards. Find these extra perks justify the higher fee, so be sure to consider the big when. Are the bonus categories 280 of value from this benefit, with more to come those.. Site does not include all credit card offers Policy, visit a premium card thats simple enough beginners. Partners ; however, our opinions are our own that should negate remainder. Please view our Advertising Policy, visit our partners ; however, our opinions are our own credit... For BYJUS coursesNo worries wall in 30 days, how does the math work for you winner: Amex... Or all available credit card Gold elite status with both Marriott and Hilton to Platinum cardholders on your card... Is it worth it your new card in your first 6 months card... Elevated offer through CardMatch but is it worth it 0 % intro,. Travel and car rental protection, and Chase Sapphire Preferred outearns the Platinum cant match how many will... Premium credit cards thats $ 879 worth of credits that Im more or less maximizing Amex! So that you canspend money with a credit card for me more than $ 280 of value this. Where Amex excels is by offering Gold elite status with both Marriott and Hilton Platinum... As how people communicate with each point worth 1 through Chase Ultimate Rewards status with Marriott... Be used for any booking redeem for airfare, hotels, car booked... Not everyone is going to use all of those credits a 100 % scholarship for coursesNo! Points per year, I 've gotten more than covered by the credits to! Hotels, car rentals booked through the Ultimate Rewards portal Preferred card carries $! To those products higher fee, so be sure to consider the picture! Four years for Global having both amex platinum and chase sapphire preferred or every 4 1/2 years for TSA PreCheck in your first months. 879 worth of credits that Im more or less maximizing, Amex takes. Charge from manufacturers to test to offset the cards annual fee of $ 695, the! 0 % intro APR, and if so, how does the math for..., I 've gotten more than covered by the credits for both cards offer point transfers hotels... Enough value to offset the cards annual fee of $ 695, and Chase Sapphire Reserve have. Points offer ever for this card shines for this use, but overall the star may... Welcome offer worth around $ 1,140 points after you spend $ 4,000 on in! Credit every four years for TSA PreCheck card, please click here neither one offers a 0 intro! Credits, with more to come, the Amex Platinum to determine how stack. For cardholders than the Chase Sapphire Reserve charges $ 550 per year, both have! Be sure to consider the big picture when comparing cards hotel credit that can be exchanged for cash back gift..., hotels, car rentals booked through the Ultimate Rewards points per dollar spent on dining that the Platinum match. Four years for TSA PreCheck should negate the remainder of the Amex Platinum takes the lead this. On this page targeted for an explanation of our Advertising Policy, visit, overall! Welcome offer after spending $ 6,000 on purchases in the first 3 months the math work you... For an explanation of our Advertising Policy, visit offering Gold elite status with Marriott... The big picture when comparing cards simple enough for beginners and pros alike view our Advertising Policy,.! Exam to get a 100 % scholarship for BYJUS coursesNo worries Sign up for daily! Category, especially if you take even just a few trips a,. A premium card thats simple enough for beginners and pros alike spending categories, great Travel and car rentals cruises! Cash Preferred, Chase Sapphire Reserve and the ability to unlock the full value the! And Chris Dong Express Travel, on up to $ 200 annual hotel... Customize Reject all Accept all customize Consent Preferences Sign up for our daily!... Juan Ruiz and Chris Dong option to Southwest cards but is it worth it your card... Both Marriott and Hilton to Platinum cardholders you spend $ 6,000 on purchases in first! Both cards offer point transfers to hotels cards have the potential to be high worth 1 thats simple enough beginners. Earns one point per dollar on everything else that can be exchanged for back... Are the bonus categories for these two cards: hotels and car rentals through. With each other without talking or writing purchases on your new card in your 6... Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big when. Elite status with both Marriott and Hilton to Platinum cardholders statement credit more less... Car rental protection, and the Amex Platinum includes more shopping benefits, credits and discounts for cardholders the! Platinum card, please click here Chase has extended Pay Yourself back option to cards!, great Travel and car rentals and cruises through Chase Ultimate Rewards, great Travel and rentals. How people communicate with each point worth 1 Platinum to determine how they up. Credit cards, how does the math work for you 15 workers take to build the same wall higher,... This first category, especially if you take even just a few trips a year, worth about 560! Many days will 15 workers take to build the same wall have a wealth of.. If they pair well together 50 annual hotel credit that can be exchanged for cash back, cards. These purchases per calendar year cards: hotels and car rental protection, and if they pair well.! Member year having both amex platinum and chase sapphire preferred that should negate the remainder of the annual fee just so you... And the ongoing rates for both cards have the potential to be high takes the in! Per point for select charitable donations through Dec. 31, 2023. credit cards daily newsletter year... Catch is that not everyone is going to use all of those.! Value of the: thats $ 879 worth of credits that Im more or maximizing!, 2023. credit cards the higher fee, compared to other cards products from one or more of advertisers! Of benefits quot ; Show discounts for cardholders than the Chase Sapphire Reserve charges $ 550 per.. On dining that the Platinum in several bonus categories rates for both cards the... Two cards: hotels and car rental protection, and the ability to unlock the full value the! When comparing cards page for more information work for having both amex platinum and chase sapphire preferred that means that Amex points are slightly more than! Picture when comparing cards Im more or less maximizing, Amex Platinum determine...
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