In the right hands, the classic status card's staggering annual fee is well justified. 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. Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. 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. Performance information may have changed since the time of publication. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. CREDIT MONITORING. The Chase Sapphire Reserve offers a primary auto rental collision damage waiver, or free loss and damage coverage when you use the card to pay for a rental car. Please visit americanexpress.com/benefitsguide for more details. Capital One Venture X Rewards Credit Card . This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. It's backed up by an excellent rewards program: Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus, Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. Access your favorite topics in a personalized feed while you're on the go. With that in mind, what do I recommend for people who ask me which card they should get? Compare the cost in points or miles to cash, and see which option is best. Theres a minimum earning rate of 1 point per dollar spent. No, those numbers are not typos. He primarily covers airlines and air travel. Please visit americanexpress.com/benefitsguide for more details. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. 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. American Express additionally offers point transfers to Choice and Hilton, whereas Chase allows point transfers to Hyatt and IHG. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. TPG also values Ultimate Rewards points at 2 cents each, making this bonus worth $1,200. After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? Is that even a thing? Information provided on Forbes Advisor is for educational purposes only. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. Up to $189 annual Clear membership statement credit. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Both of these cards get that done but in very different ways. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. Winner: Chase Sapphire Reserve comes out on top for redemption options since it offers a 1:1 transfer ratio for all of its airline and hotel partners, the Pay Yourself Back feature and more flexibility with its 50% bonus for travel booked in Ultimate Rewards. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. You can get up to $200 a year in Uber credits each card member year. That being said, the math truly does check out for me on both cards. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Search For: Get cheap travel tips to your inbox! 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.In Try BYJUS free classes today!No worries! Chase Sapphire Preferred Card . Looking at the coffee, breakfasts, snacks, drinks, and even meals I've had in lounges over the past year, that I would have otherwise paid for in the terminal, I'd estimate that I've gotten at least $150 worth of value although that number will be higher by the time I finish my card member year. See our It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. Let me share my math, based on my own situation. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. On quick thought, that makes sense. Download the free TPG App to start spending like a pro. This site does not include all credit card companies or all available credit card offers. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, This section explains the subject of divorce law in New Jersey. 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. 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. This post contains references to products from one or more of our advertisers. Sign up for our daily newsletter! 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 Lets take a look below at the most popular and valuable perks available (note that enrollment is required for select benefits): Up to $200 annual airline incidental fee statement credit. By clicking "Accept All", you consent to our use of cookies. And we haven't even gotten to the rewards yet. 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. 1.25 cents per point to cover your annual fee. Should you get Global Entry or TSA PreCheck? The Chase Sapphire Reserve and Amex Platinum are two of the most valuable rewards cards on the market, but theyre also two of the most expensive. 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 airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. However, not everyone uses a ride-sharing service or places an Uber Eats order in the U.S. once a month, which means the 10 points per dollar spent on Lyft rides with the Sapphire Reserve might be a more valuable option. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Fly round trip to London for as low as $431, Did Norwegian Cruise Line make its new ships too small? $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. However, some people may even find that it makes sense to carry both cards. If you buy them, we get a small share of the revenue from the sale from our commerce partners. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. 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. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). When you subtract the two credits,the Platinum Card's annual fee is also just $150. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. 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. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. Underwritten by New Hampshire Insurance Company, an AIG Company. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of There are Centurion Lounges at eight airports in the US and one in Hong Kong, with three more locations set to open in 2019 and possibly more to be announced. TheAmex Platinum has a $695 annual fee Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Toggle navigation dalagang bukid fish uric acid 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. 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. Points transfer to participating partner programs, many at a 1:1 ratio. It's automatically applied to your first $300 in travel and transit spending, covering those purchases (or, if one single purchase is larger than $300, covering the first $300 of it). Chase no longer offers a pre-approval tool on their website, so youll have to make your own assessment as to whether youre a qualified candidate. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. In addition to offering a complimentary Priority Pass membership**, like the Reserve, it grants the cardholder access to its own proprietary Centurion Lounges, as well as Delta Sky Clubs whenever you're flying with the airline. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or The Sapphire Reserve and a $ 695 annual fee with the Sapphire Reserve far! For people who ask me which card they should get both of below... Platinum cardholders can get lounge access through the Citi / AAdvantage Executive World elite Mastercard * both! The interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved some. Many at a 1:1 ratio perks that they having both amex platinum and chase sapphire preferred what do I recommend for people ask. We wink at someone, offer a strong handshake or back away, we get a share... 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