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 Find the right card for you. Although the Priority Pass Select membership that comes with this card no longer allows you to access participating restaurants (you can with a Chase-issued Priority Pass membership), the access to Amexs wide collection of Centurion Lounges and Delta Sky Clubs on same-day Delta flights should be enough to make up for that. Eligibility and Benefit level varies by Card. Here's the full list of Chase's transfer partners. The Platinum Card earns 5x points per dollar spent on flights purchased directly from the airline or Amex Travel, or pre-paid hotel bookings made through Amex Travel (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year), and one point per dollar on everything else. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. Let me break down why these cards serve such different purposes. Terms, Conditions and Limitations Apply. 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. The first thing you might notice on these two cards is the vast difference in annual fees. 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. Youll earn 3 points per dollar on popular bonus categories such as travel and dining purchases worldwide. Your financial situation is unique and the products and services we review may not be right for your circumstances. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Please visit americanexpress.com/benefitsguide for more details. View the current offers here. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. Forbes Advisors list of the best cash-back credit cards is a good place to start. How To Find The Cheapest Travel Insurance, Citi / AAdvantage Executive World Elite Mastercard, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership, 5 points per dollar on travel purchased through Chase Ultimate Rewards, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases, 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. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. The Or maybe youre wondering why these two cards are so popular among frequent travelers. For an explanation of our Advertising Policy, visit. 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 Chase Sapphire Preferred Card . He went from studying abroad in Paris to moving to Shanghai after graduating college, where he covered all things travel in the Asia-Pacific region for TPG. Please check out our advertiser policy for further details about our partners, and thanks for your support! Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. Youll earn 5 points per dollar on travel purchased through Chase Ultimate Rewards, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. Best Overall: Chase Sapphire Preferred Card. 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. The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. Centurion Lounges offer a wide range of amenities including complimentary cocktails and food created by award-winning mixologists and chefs, respectively, fast Wi-Fi, comfortable seating, tons of newspapers and magazines, tea and coffee, snacks, and private work areas to hold meetings or take calls. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. Unless you're traveling somewhat regularly and utilizing the full lineup of perks and credits, Finally, both cards offer point transfers to hotels. 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. Many of these cards offer solid value, especially if youre loyal to the underlying brand. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. This section explains the subject of divorce law in New Jersey. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card Winner: Amex Platinum is the clear winner when it comes to perks and benefits, which include its $1,400-plus in annual statement credits, expanded airport lounge access, travel protections, and elite status with Marriott and Hilton. New IHG Rewards Premier Credit Card cardholders can earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. Furthermore, I earn lots of bonus points and get great travel protection with the card. To view rates and fees for The Platinum Card from American Express please visit this page. Read our guide on the best ways to use Chase Ultimate Rewards points . So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. If you take even just a few trips a year, that should negate the remainder of the annual fee. See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. That being said, the math truly does check out for me on both cards. A Priority Pass membership. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. Plus Ups are excluded. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. The catch is that not everyone is going to use all of those credits. Plus, that way you can spread out the annual fees by a few months. In Section 3.4, new literature is explored and the assessment of impacts and projected risks is updated for a large number of natural and human systems. Although they both have high annual fees, they each. Plus, enjoy premium rental car status with Avis, Hertz and National. Check here before booking an award fare. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. That makes the welcome offer worth around$1,140. For rates and fees of The Platinum Card from American Express, please click here. Charge card vs Credit Card The Chase Sapphire Reserve is a credit card while the American Express Platinum is a "charge card." A charge card must be paid off in full each month or else you face a hefty monthly fee. The overlap between groups has ______ in americas residential neighborhoods and workplaces. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. 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. 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. We may receive compensation when you click on links to those products. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or If youre anything like me, the math may make sense on both cards. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. 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. With the Chase Sapphire Reserve, you can redeem points for travel through Chase's own travel portal at a rate of 1.5 cents per point. 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. Here's why it might be worth having both cards. Personally, I have both cards in my wallet and use them for different purposes. We'll run a soft credit check to find special offers, but it wont affect your credit score. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. These are provided as guidelines only and approval is not guaranteed. Please check out our advertiser policy for further details about our partners, and thanks for your support! That noted, there are plenty of very . To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. 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. Winner: Tie Best benefits and perks A bunch of annual credits a $300 annual Equinox credit (enrollment required), a $240 annual digital entertainment credit (enrollment required), a $200 annual hotel credit, a $200 annual airline fee credit (enrollment required), a $200 annual Uber credit (enrollment required), a $189 annual CLEAR credit, and a $100 annual Saks credit, The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta SkyClubs, a Priority Pass membership (enrollment required), and more, 5x points on airfare purchased directly from airlines (on up to $500,000 in This card shines for this use, but overall the star ratings may differ when compared to other cards. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. 60,000 Points Learn More Terms Apply. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. Final Verdict. Please visit americanexpress.com/benefitsguide for more details. In other words, redeeming 60,000 Ultimate Rewards yields $750 in value (instead of $600) when taking advantage of the 25% additional value. Let me share my math, based on my own situation. $(function () { init(); setTimeout(function () { init(); }, 400); function init() { compareWidgetAlignment(); bindEvents(); showRatingTooltip(); } function bindEvents() { $(window).on('resize', window.throttle(windowResizeHandler)); } function compareWidgetAlignment() { document.querySelectorAll('.compare-cc-wrapper').forEach(function (ele) { setSameHeightForElements(ele.querySelectorAll(".top-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-heading")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-title")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-rating-img-wrapper")); setSameHeightForElements(ele.querySelectorAll(".apply-now-btn-wrapper")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-below-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper")); setSameHeightForElements(ele.querySelectorAll(".card-img-inner-wrap")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-reward-rate")); setSameHeightForElements(ele.querySelectorAll(".detail-wrapper"), '0'); setSameHeightForElements(ele.querySelectorAll(".partner-offer"), '0'); }); } setTimeout(function () { document.querySelectorAll(".loader").forEach( function(item){ return item.style.display = "none"; }); }, 1100); function applyHeightAuto(cardsList) { cardsList.forEach(function (card) { card.style.height = 'auto'; }); } function getMaxHeight(cardsList) { return Math.max.apply(null, $(cardsList).map(function () { return $(this).outerHeight(); }).get()); } function setSameHeightForElements(cardsList) { applyHeightAuto(cardsList); var maxHeight = getMaxHeight(cardsList); cardsList.forEach(function (card) { card.style.height = maxHeight + 'px'; }); } function windowResizeHandler() { compareWidgetAlignment(); } function showRatingTooltip() { var device_type = getDeviceTypeInNumber(window.deviceType); if (device_type === 1) { $('.card-rating').on('mouseenter', function () { $(this).find('.card-rating-tooltip').addClass('show'); }); $('.card-rating').on('mouseleave', function () { $(this).find('.card-rating-tooltip').removeClass('show'); }); } else { if (!window.tooltipMobileEvent) { window.tooltipMobileEvent = true; $('body').on('click', function (e) { var ratingComponent = $(e.target).closest(".card-rating"); var ratingTooltip = ratingComponent.find('.card-rating-tooltip'); if (ratingComponent.length >0 && !ratingTooltip.hasClass('show')) { ratingTooltip.toggleClass('show'); } else if ($('.card-rating-tooltip').hasClass('show')) { $('.card-rating-tooltip').removeClass('show'); } }); } } } }); If you are considering the Chase Sapphire Preferred Card or the The Platinum Card from American Express (Terms apply. Personally I view the two cards as complements rather than substitutes. After its recent refresh, the Amex Platinum now includes a substantial list of benefits each potentially worth over $100. It's backed up by an excellent rewards program: Please visit americanexpress.com/benefitsguide for more details. 3x points on dining and travel. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. We'd love to hear from you, please enter your comments. Bottom line. Underwritten by AMEX Assurance Company. 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