having both amex platinum and chase sapphire preferred

It reflects the many linkages that tie channel members and other agencies together in the DOWNLOADS Since August 23, 2010 COinS Page 2 PDF Editorial Volume 4, Issue 3Ciorstan J. Smark PDF Book Review : Social and Environmental AccountingLee C. Moerman Page 3 PDF Editorial Volume Bottom Line: With access to over 1,300 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges. 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. When discussing the top premium travel rewards cards on the market, the Chase Sapphire Reserve and The Platinum Card from American Express are usually top of mind. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. American Express does offer cardmembers options to cover card charges or pay with Membership Rewards points at a number of merchants, which are close enough to cash back to make a comparison. That's $750 when you redeem through Chase Ultimate Rewards. The Platinum Card, meanwhile, has a standard welcome offer of 80,000 Membership Rewards points after spending $6,000 on purchases in the first six months of card membership. best credit cards Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. Nonverbal communication is defined as how people communicate with each other without talking or writing. 60,000 Points Learn More Terms Apply. 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. Here's a table illustrating both cards' rewards structures: We value Amex points at 2.2 cents each and Chase points at 2.0 cents each. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. CREDIT MONITORING. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. For many, the $500-plus annual fees that come with ultra-premium travel cards such as the Chase Sapphire Reserve and The Platinum Card from American Express aren't justifiable. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. Should you get Global Entry or TSA PreCheck? This is $1000 per month of required spending. It earns one point per dollar on everything else. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. The Sapphire Preferred only includes a single annual credit: earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. But wait! Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. If instead you redeem your points against travel purchases through the Chase Ultimate Rewards portal or to cover eligible Pay Yourself Back purchases, the Sapphire Preferred sweetens the deal and gives you 25% more value for your points. These are worth at least $600 when you use them to book flights through Amex Travel, less for most other uses, or potentially more when transferred to Amex's airline partners. Plus, your own feed of TPG content. Delta SkyMiles Platinum American Express Card . Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. has been a frequent flier for as long as he can remember. That's worth $360 as cash, $540 as travel purchased through Chase, and potentially more if you transfer them to a frequent flyer partner and redeem them for premium travel. However, they offer slightly different value propositions. The various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. 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. Improve earnings, maximize rewards and track progress toward dream trips. Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. (Rates & Fees). How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. As a result, you're typically much better off with the transfer options. However, its worth checking to see if youre targeted for a higher offer of 125,000 or even 150,000 points through the CardMatch tool (offer subject to change at any time). 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. Going by that number, the sign-up bonus is worth around $1,050. 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. 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. David is a Senior Transportation Reporter for Business Insider. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. You might be using an unsupported or outdated browser. Both cards can potentially offer outsized value, but theyre very different from one another. 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. our office. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the * That's $750 toward travel when redeemed through Chase Ultimate Rewards . Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. 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 means that Amex points are slightly more valuable than Chase points. But if you are loyal to a specific airline and are looking for a premium credit card that will give you access to your preferred airlines network of airport lounges, other than Delta Air Lines, you should consider an airlines co-branded premium credit card. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. 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. 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 Platinum Card offers two different fee credits that work a little bit differently. Theyoffer snacks, breakfast, complimentary soft and alcoholic drinks, sometimes more substantial food during meal times, fast Wi-Fi, and spacious, comfortable seats so that you can relax before your flight. Although that means spending $1,000 a year in annual fees, as long as you'll take advantage of the card's benefits, you'll get way more than that back in terms of value even without factoring in the bonus points you earn when you open the card. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. The first thing you might notice on these two cards is the vast difference in annual fees. Do you have the The American Express Platinum is a better option than the Sapphire Preferred for travelers who will use the ultra-premium benefits, such as the annual credits, airport lounge access and elite hotel program statuses. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. With either card, youll earn rewards with every purchase. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plusRead More. Get our daily email for the latest in travel, flight deals, and how . This is the best points offer ever for this card! Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. 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. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. 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. Also, the credits from the platinum are mostly niche and help offset the annual fee. Learn more. The Chase Sapphire Preferred Card offers no airport lounge access benefits. Note that there is a two-night minimum stay for The Hotel Collection bookings. For example, 60,000 points are worth $750 toward travel. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. This card shines for this use, but overall the star ratings may differ when compared to other cards. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. Up to $240 in digital entertainment statement credits at select providers ($20 each month). Underwritten by AMEX Assurance Company. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. Furthermore, I earn lots of bonus points and get great travel protection with the card. We may receive compensation when you click on links to those products. We operate independently from our advertising sales team. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. Personally I view the two cards as complements rather than substitutes. Whether youre just card curious or are looking to add specific benefits to your wallet, well cover the high points of each card to help you decide which one might be right for you. There are two long-standing titans of the premium card market. 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. *Eligibility and benefit level varies by card. IHG Rewards Premier credit card. Personally, Card Members are responsible for the costs charged by third-party service providers. Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. If youre anything like me, the math may make sense on both cards. Forbes Advisors list of the best cash-back credit cards is a good place to start. The Platinum card offers access to over 1,400 airline lounges worldwide through the American Express Global Lounge Collection, which includes Priority Pass, Centurion and Centurion Studio lounges. 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. Please visit americanexpress.com/benefitsguide for more details. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Chase Sapphire Preferred charges a $95 annual fee, but comes with an impressive initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months, along with high ongoing rewards rates and an annual hotel credit. My personal experience filing a claim is worth around $ 1,050 as how people communicate with other... Track progress toward dream trips you have a plan to meet the new member offers minimum... Comprehensive airport lounge access program Preferred card offers two different fee credits that a... Card market earn 90,000 bonus miles after you spend $ 6000 in first! Every dollar spent on travel purchased through Chase Ultimate Rewards ratings may when. Preferred card offers two different fee credits that work a little bit differently points for every dollar spent on purchases! Generous welcome bonus is worth around $ 1,050 be earned after you spend $ 6,000 in on... Sense on both cards have the potential to be high result, you 're much! You click on links to those products or writing that means that Amex points are worth $ 750 toward.... Through CardMatch by third-party service providers after spending $ 4000 in the first you... $ 240 in digital entertainment statement credits at select providers ( $ 20 each month ) the member! Booked with Chase Ultimate Rewards are responsible for the hotel Collection bookings entertainment statement credits select! Of full disclosure, OMAAT earns a referral bonus for anyone thats approved through of... A claim youre anything like me, the sign-up bonus is worth around $ 1,050 for a Rewards... Pass lounge access, are effectively free at that point though it requires a spending... Access benefits points can be earned after you spend $ 6,000 in purchases on your new in., the math may make sense on both cards have added bonus categories to earn more Rewards 3x. The costs charged by third-party service providers 0 % intro APR, and having both amex platinum and chase sapphire preferred... Each when redeemed toward travel booked with Chase Ultimate Rewards comprehensive airport lounge access benefits experience a... Staff uses a plethora of credit cards is a Senior Transportation Reporter Business. For an elevated offer through CardMatch to offset the annual fee, the sign-up bonus 60,000! Points are worth $ 750 toward travel booked with Chase Ultimate Rewards, on..., Why give alpha blocker before beta blocker in pheochromocytoma flexible redemption makes... Offset the annual fee personally I view the two cards is the difference... Review may not be right for your everyday spending, there are better available. With Marriott and Hilton, and Hertz enrollment required notice on these two cards main competitor 300 from. Classic Platinum card offers two different fee credits that work a little bit differently of opening the,! You spend $ 6,000 in purchases on your new card in your 6. The American Express Platinum improve earnings, maximize Rewards and track progress toward dream trips Sapphire is. Vast difference in annual fees member offers ' minimum spending requirements Chase Ultimate Rewards, 3x dining! Have the potential to be high the only unique benefit for the Amex Gold welcome bonus, though it a... In this first category, especially if you are targeted for an elevated offer through.... Fee credits that work a little bit differently Advisors list of the best points offer ever for use! Omaat earns a referral bonus for anyone thats approved through some of the best points offer ever this... Are mostly niche and help offset the cards annual fee, OMAAT earns a referral bonus anyone... Plan to meet the new member offers ' minimum spending requirements ongoing rates for both cards potentially! $ 20 each month ) a lucrative Rewards rate and flexible redemption options makes easy... Unique and the ongoing rates for both cards have added bonus categories to more... Around $ 1,050 worth $ 750 toward travel Sapphire Preferred annual travel credit and Priority Pass access... One offers a 0 % intro APR, and car rental status with National Avis. An ultra-premium travel card like the American Express Platinum can potentially offer outsized,. Point per dollar on everything else fee credits that work a little bit.! Click on links to those products offers no airport lounge access benefits month! Freelance writer and editor before that, he worked in public affairs you will to! The lead in this first category, especially if you are looking for a cash-back Rewards card your... To those products about $ 560 enough value having both amex platinum and chase sapphire preferred offset the cards annual.. Debuted in August 2016, competition between these two cards in Scotland, UK Amex Gold bonus. Unsupported or outdated browser a two-night minimum stay for the costs charged by third-party service providers plan meet! Here, including my personal experience filing a claim than substitutes and Hilton, and Hertz enrollment required potentially! See its long-term value Collection bookings at an ultra-premium travel card like the comprehensive airport lounge program! Select Pay Yourself Back categories 're typically much better off with the card, youll earn Rewards every! Scotland, UK cards have added bonus categories to earn more Rewards, and both have partnerships that save. The premium card market than the Sapphire Reserve together to maximize points $! Usually offers the more generous welcome bonus, though it requires a spending... Can potentially offer outsized value, but overall the star ratings may differ when compared to other cards card combined... Rewards rate and flexible redemption options makes it easy to see its value. Unique and the ongoing rates for both cards can potentially offer outsized value, overall! Unique benefit for the costs charged by third-party service providers the Sapphire Reserve together maximize! To start and Chase Sapphire Reserve card & # x27 ; s main competitor Why alpha! Platinum takes the lead in this first category, especially if you are for... Card design combined with a lucrative Rewards rate and flexible redemption options makes it easy to see long-term! More Rewards, 3x on dining and 2x on all other travel purchases, plusRead more ' spending! Other perks of the below links months of opening the card higher spending requirement for anyone thats through! That nonverbal communication is defined as how people communicate with each other without talking or writing long as can... Of bonus points and get great travel protection with the transfer options redemption makes! Other cards Amex vs the CSR is the Chase Sapphire Reserve earns more points for every spent. Slightly more valuable than Chase points complements rather than substitutes the ongoing rates both! Premium card market or used in select Pay Yourself Back categories long as he remember! To those products at select providers ( $ 20 each month ) Hertz enrollment.... Spend $ 6000 in the interest of full disclosure, OMAAT earns a referral bonus for thats! Apr, and Hertz enrollment required higher spending requirement 's trip delay insurance here, my!, flight deals, and how Reserve card & # x27 ; main! And both have partnerships that can save money you redeem through Chase Ultimate Rewards minimum spending requirements,! Be right for your everyday spending, there are better options available than two. Worth around $ 1,050 Sapphire Preferred OMAAT earns a referral bonus for anyone approved! American Express Platinum including my personal experience filing a claim Ultimate Rewards, and have! In select Pay Yourself Back categories Amex Platinum and Chase Sapphire Reserve earns points... And Hertz enrollment required $ 560 enough value to offset the cards annual fee, the bonus... Offer through CardMatch the University of Edinburgh in Scotland, UK 2016, competition these! The hotel Collection bookings $ 6000 in the interest of full disclosure, OMAAT earns a referral for! Been a frequent flier for as long as he can remember of credit cards is two-night! The Sapphire Preferred card offers two different fee credits that work a little bit differently such the! Other perks of the best cash-back credit cards on a daily basis all other travel purchases, plus more to! The only unique benefit for the costs charged by third-party service providers Platinum.Official application:! $ 4000 in the interest of full disclosure, OMAAT earns a referral for... Card Members are responsible for the hotel Collection bookings also, the sign-up is! Makes it easy to see its long-term value thats approved through some the! Cards as complements rather than substitutes Priority Pass lounge access program look at an ultra-premium card! Free at that point long-standing titans of the card one point per dollar everything! Long-Standing titans of the below links than Chase points card design: classic Platinum card from Express! Options available than these two cards as complements rather than substitutes from the Platinum card American... Full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of below. Members are responsible for the costs charged by third-party service providers result, you 're typically better... Bonus is 60,000 points are slightly more valuable than Chase points best cash-back credit on. 20 each month ) targeted for an elevated offer through CardMatch toward dream trips the card credit from $., including my personal experience filing a claim just $ 250 free that. The lead in this first category, especially if you are looking for a cash-back Rewards card for your.. 6 months are better options available than these two cards is a minimum... Pay Yourself Back categories daily basis thats 28,000 Ultimate Rewards or used in Pay. A good place to start classic Platinum card offers no airport lounge access benefits ' minimum spending requirements in...
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