having both amex platinum and chase sapphire preferredhaving both amex platinum and chase sapphire preferred

Chase Sapphire Preferred Card vs. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. We'd love to hear from you, please enter your comments. Like individuals, teams develop their skills, the more they use them. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. And we haven't even gotten to the rewards yet. (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 . But they also have differences and similarities that make a compelling case as to whether one or both are right for you. 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. No single credit card is the best option for every family, every purchase or every budget. The Chase Sapphire Reserve's annual fee is slightly lower at $550. Read our guide on the best ways to use Chase Ultimate Rewards points . Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? 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. We highlight products and services you might find interesting. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. Unless you value the airline lounge access or can take advantage of the American Express Platinums many potential credits, most people will find greater value overall with the Chase Sapphire Preferred. Neither of these cards is ideal if you think youll need to carry a balance from time to time. Does it make sense to have Amex Gold and Chase Sapphire Reserve? Please view our advertising policy page for more information. 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. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. 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. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. The foreign transaction fee on both cards is 0%. This section explains the subject of divorce law in New Jersey. These include: The Platinum Card from American Express For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. It's also true albeit on a larger scale for "premium" travel rewards cards like the $550 Chase Sapphire Reserve, and the $695 Platinum Card from American Express. Keep in mind you may still want to opt for the rental company's liability insurance. 60,000 Points Learn More Terms Apply. When you're working to earn credit-card rewards, it's important to practice financial discipline, like paying your balances off in full each month, making payments on time, and not spending more than you can afford to pay back. With either card, youll earn rewards with every purchase. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. 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). is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. Some people give Chase the edge since it partners with more programs you may already be familiar with and includes Hyatt (arguably the most lucrative hotel program based on the value of its points). Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. 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. 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. *Eligibility and benefit level varies by card. If you're someone who normally buys travel insurance, using the insurance that comes with the Chase Sapphire Reserve can easily save you $2050 every time you travel. For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. Please visit americanexpress.com/benefitsguide for more details. View the current offers here. This is $1000 per month of required spending. These are the best publicly available offers (terms apply) that we have found for each product or service. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. Money. There are also 11 American Express lounges in international airports. 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. 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. The first thing you might notice on these two cards is the vast difference in annual fees. Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. 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. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. The winner: Amex Gold Card While both cards offer the chance to earn 60,000 points after spending $4,000 in the early months of having each card, the American Express Gold Card gives you six months to reach this milestone, whereas the Chase Sapphire Preferred only gives you three months. Both of these cards get that done but in very different ways. Points transfer to participating partner programs at a 1:1 ratio. Please try again later. There are two long-standing titans of the premium card market. Get the Chase Sapphire Reserve, Do you want the best card for airport lounge access, a huge number of credits that could way more than justify the annual fee, useful mid-tier hotel status with two programs, 5x points on airfare, and more? When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. If you buy them, we get a small share of the revenue from the sale from our commerce partners. in annual fees? Amex Platinum. When you subtract the two credits,the Platinum Card's annual fee is also just $150. this card independently, rather than in comparison to another card. Ryan is wondering whether it makes sense to add The Platinum Card from American Express (winner of TPGs battle of the premium cards) to his wallet, as the card provides a tremendous lineup of perks and benefits. I want to get a gold for sustained daily use and a platinum for perks and the SUB.

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