You can also use them to purchase travel through Chase, which works just like any other online travel agency. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. For rates and fees of the Amex Platinum card, please click here. 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. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. 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. A Priority Pass membership. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? That's $750 when you redeem through Chase Ultimate Rewards. Learn More Terms Apply. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. Underwritten by AMEX Assurance Company. In some cases, we receive a commission from our partners; however, our opinions are our own. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Eligibility and Benefit level varies by Card. Often the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit card to travel loyalty programs. Money. Many of these cards offer solid value, especially if youre loyal to the underlying brand. But who wants to pay $1,245 in annual Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Both Chase and American Express partner with Marriott. 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. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. We may receive compensation when you click on links to those products. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. CREDIT MONITORING. Check here before booking an award fare. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Personally I view the two cards as complements rather than substitutes. 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. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. 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). The card also comes with trip cancellation/interruption coverage. 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. 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. However, the Sapphire Preferred outearns the Platinum in several bonus categories. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. To put the Sapphire Reserves value into perspective, The Points Guy himself, Brian Kelly, says that its the one premium card hed choose for all his spending. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. There are also 11 American Express lounges in international airports. Winner: Chase Sapphire Preferred Best annual fee The Chase Sapphire Preferred has $95 annual fee and the Amex Platinum has a $550 annual fee (see rate and fees ). The $300 annual travel credit is automatically applied to a wide range of purchases. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. 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. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . Ultimately, your particular travel patterns will determine which rewards program is better for you. Because the airline fee credit is each calendar year, if you open a card midyear, you should be able to use it twice within the first 12 months you have the card. our office. There are two long-standing titans of the premium card market. 1.5 cents per point for select charitable donations through Dec. 31, 2023. Secondary car rental coverage. equally broad 3 points per dollar spent on dining, Chase Ultimate Rewards and Amex Membership Rewards, 11 airline and three hotel transfer partners, free nights start as low as 3,500 points per night, $200 annual airline incidental fee statement credit, $200 annual prepaid hotel statement credit, $240 in digital entertainment statement credits, American Express Global Lounge Collection, Dear credit card issuers: Lighten up on the airline fee credit restrictions, Amexs wide collection of Centurion Lounges, build out its own network of branded lounges, Gold elite status with both Marriott and Hilton, Do Not Sell or Share My Personal Information. Want more credit card news and advice from TPG? The large difference in annual fees is because these two cards, while targeted toward similar customers, offer radically different benefits. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Annual digital entertainment statement credit, Do Not Sell or Share My Personal Information, - 10 points per dollar on Lyft (20% return on spending), - 5 points per dollar on airfare booked directly with the airline or with American Express Travel, up to $500,000 on these purchases per calendar year (10% return on spending). Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. 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. Ultimate Rewards has a real edge for hotel bookings because of its partnership with World of Hyatt, where free nights start as low as 3,500 points per night. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. David is a Senior Transportation Reporter for Business Insider. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. Enrollment required. 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. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Compare the cost in points or miles to cash, and see which option is best. Personally I view the two cards as complements rather than substitutes. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? For starters, both cards feature airport lounge access and additional travel and food delivery credits, among other benefits. Nowadays premium credit cards are more popular than ever before. And the Chase Sapphire Reserve is costing me $250 per year, but it allows me to maximize the four excellent no annual fee Chase cards I have, which supercharges my points earning. Both cards can potentially offer outsized value, but theyre very different from one another. Here are the best cards for making your trip more comfortable. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. read about my favorite perks of the Amex Platinum Card. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider 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. Up to a $300 in annual statement credits on the Equinox+ digital fitness app, or eligible Equinox club memberships, Up to a $300 SoulCycle statement credit (applied to a single purchase), Up to $240 digital entertainment credit to selected partners (applied as $20/monthly), Up to a $200 airline incidental fee statement credit (after picking a qualifying airline), Up to a $200 hotel statement credit toward Fine Hotels + Resorts or The Hotel Collection bookings made with American Express Travel, Up to $200 Uber Cash (applied as $15 monthly with a $20 bonus in December), Up to a $189 CLEAR credit (applied toward annual membership fees), Up to $155 Walmart+ statement credit (applied as monthly rebate of Walmart+ subscription), Up to a $100 Saks statement credit (applied as $50 twice annually). The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. 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. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. No, those numbers are not typos. Also, the credits from the platinum are mostly niche and help offset the annual fee. Uber Cash and Uber VIP status is available to Basic Card Member only. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Plus, your own feed of TPG content. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. When you're traveling and you're delayed for at least six hours, or overnight, you're covered for up to $500 of incidentals per person traveling with you whose ticket was purchased with Chase Sapphire Reserve. 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