Access your favorite topics in a personalized feed while you're on the go. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. The USDA National Hunger Hotline has information available in both English and Spanish. 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. 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. Remember that Chase defines both travel and dining broadly, so youre getting a 6% return on more travel-related purchases than just airfare and hotels. 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 At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. 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. Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. In Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. Eligibility and Benefit level varies by Card. Two of the most popular of these cards areThe Platinum Card from American ExpressandChase Sapphire Reserve Card, and I know a lot of people struggle to decide which card is a better fit. Update: Some offers mentioned below are no longer available. We welcome your feedback. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. You might be using an unsupported or outdated browser. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Underwritten by New Hampshire Insurance Company, an AIG Company. 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. Learn more. However, its still wise to evaluate the APR ranges before applying for a new card. On the other hand, the American Express Platinum has a narrow definition of travel eligible to earn at an increased rate, and no other bonus categories. For rates and fees of The Platinum Card from American Express, please click here. Plus Ups are excluded. Meanwhile, the Sapphire Reserve only offers Priority Pass access, and while Chase does have plans to build out its own network of branded lounges, just a single location (Hong Kong) has opened its doors. 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 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. Both can easily justify the card's annual fee in your first year. Please visit americanexpress.com/benefitsguide for more details. A Priority Pass membership. fees? Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? Airfare booked through the Ultimate Rewards portal. Related: The best travel credit cards of 2023. But wait! * (Underwritten by AMEX Assurance Company. Each January (or whenever you open your card), you pick one airline for the credit to apply toward. Both cards can potentially offer outsized value, but theyre very different from one another. 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. 10% anniversary point bonus on all your yearly spending. The. To be honest, its hard to do a one size fits all number-crunching of the has been a frequent flier for as long as he can remember. 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 Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Email us at reviews@businessinsider.com. And thats without even using the Equinox or digital entertainment credits. Becky Pokora is an avid traveler with a particular love for the outdoors. While they are both excellent travel . This site does not include all credit card companies or all available credit card offers. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. That's $750 when you redeem through Chase Ultimate Rewards. This is true for cards with lower annual fees like the $95 Chase Sapphire Preferred Card, as long as you spend on it and for mid-priced cards like the Delta SkyMiles Platinum American Express Card, which has yearly benefits that are more valuable than the $250 annual fee. 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. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. Cost includes $12.95 plus applicable local sales tax. Nowadays premium credit cards are more popular than ever before. Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. 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. 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. Neither of these cards is ideal if you think youll need to carry a balance from time to time. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. 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. 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. Find the right card for you. Winner: Chase Sapphire Reserve is the best for earning thanks to its favorable everyday bonus categories that help you earn more points in the long term. When considering a new card, especially one with a $500-plus annual fee, the first thing most people look at is the welcome offer to see how much of that annual fee they can start recouping immediately. Winner: Tie Best benefits and perks The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. The catch is that not everyone is going to use all of those credits. Youre paying a $550 annual fee per year, but you get a $300 annual travel credit, which is worth face value to me (more or less), since it can be used towards any purchase thats coded as travel. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. Underwritten by AMEX Assurance Company. Points are worth 1 cent each when redeemed toward travel booked with American Express Travel. Plus, enjoy premium rental car status with Avis, Hertz and National. Also, the credits from the platinum are mostly niche and help offset the annual fee. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. Both Chase and American Express partner with Marriott. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. All told, Chase can transfer to 11 airlines and three hotel brands. 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. We operate independently from our advertising sales team. Trip cancellation/interruption insurance. 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. LOANS. 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