having both amex platinum and chase sapphire preferred

For an explanation of our Advertising Policy, visit. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.), Trip delay protection. 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. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. Money. Improve earnings, maximize rewards and track progress toward dream trips. Is that even a thing? Chase Sapphire Preferred Card . 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. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. BANKING. That means the 60,000 points earned from the sign-up. On the airline side of things, popular redemption options include United MileagePlus, Southwest Rapid Rewards, British Airways Avios, Virgin Atlantic Flying Club and Flying Blue (Air France-KLM) though the last three also partner with Amex Membership Rewards. * (Underwritten by New Hampshire Insurance Company, an AIG Company). After the two AMEX cards I probably won't get anymore. Finally, both cards offer point transfers to hotels. These are the best publicly available offers (terms apply) that we have found for each product or service. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. Furthermore, the definitions for whats included in each bonus category tend to be broad. Please visit americanexpress.com/benefitsguide for more details. Still, if you travel several times a year, it may be worth considering both as part of your card portfolio as long as you can tackle the hefty annual fees. 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. Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! Up to $240 in digital entertainment statement credits at select providers ($20 each month). Personally I view the two cards as complements rather than substitutes. Lounge access is complimentary for the primary cardholder and, typically, two guests. 10% anniversary point bonus on all your yearly spending. Both Chase and American Express partner with Marriott. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Customize Reject All Accept All Customize Consent Preferences With more than 30 locations, access to Delta Sky Clubs can also come in handy. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. We welcome your feedback. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. 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). Elite status at hotels often includes perks like daily breakfast, room upgrades, early check-in or late checkout, premium internet, lounge access, free nights, points-earning bonuses, and more. These are provided as guidelines only and approval is not guaranteed. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. See our This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. Improve earnings, maximize rewards and track progress toward dream trips. I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. Many of these cards offer solid value, especially if youre loyal to the underlying brand. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. David is a Senior Transportation Reporter for Business Insider. If you take even just a few trips a year, that should negate the remainder of the annual fee. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. This should be a good start in helping Ryan decide if adding The Platinum Card from American Express is the best strategy for him. For some travelers, that. Amex Platinum cardmembers also have access to Amex Fine Hotels + Resorts and The Hotel Collection and can enjoy up to a $200 annual hotel credit in the form of a statement credit on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Plus, that way you can spread out the annual fees by a few months. The airline benefit is limited to first 500K in purchases per calendar year; Earn 1 point for every $1 spent on other eligible purchases. $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. That's only $667 per month of spending required to hit the bonus! 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. 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. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. 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. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Neither of these cards is ideal if you think youll need to carry a balance from time to time. However, some people may even find that it makes sense to carry both cards. 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. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Please visit americanexpress.com/benefitsguide for more details. Often the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit card to travel loyalty programs. Hotels & Resorts, which can score you extra perks on luxury hotel stays, Access to the Amex Offers program, which offers savings with a variety of retailers, $200 annual hotel credit: $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card, Fantastic car rental coverage, as well as travel and baggage protection, An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years, The ability to redeem Ultimate Rewards points for 1.5 cents towards travel purchases through the Ultimate Rewards portal, Do you want an incredibly well-rounded card that offers an excellent return on popular Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers should be able to take advantage of at least some of these credits: And, while not an annual credit, Platinum cardholders can be reimbursed up to $100 for Global Entry or up to $85 for TSA PreCheck when the application is charged to this cardthe credit is available every four years for Global Entry or every four-and-a-half years for TSA PreCheck. But wait! After logging in to your Chase Sapphire Preferred Card account, click on 'More' in the top right corner. Toggle navigation dalagang bukid fish uric acid Some locations also feature shower suites, spas, or relaxation areas. Up to $189 annual Clear membership statement credit. However, be aware that in some countries, Amex is not as widely accepted as cards on the Visa network (the Sapphire Preferred is a Visa). Eligibility and Benefit level varies by Card. Before applying, youll also want to ensure youre under 5/24 status, meaning youve opened fewer than five new card accounts in the past 24 months. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. Keep in mind you may still want to opt for the rental company's liability insurance. 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. Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Eligibility and Benefit level varies by Card. Download the free TPG App to start spending like a pro. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). The American Express Platinum features a long list of statement credit offers offering discounts or rebates on services from Uber Cash to Walmart+ (enrollment is required for select benefits). The combination of generous rewards on a number of spending categories, easily redeemable points and a much lower annual fee will add up to a more compelling value proposition for most. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Meanwhile, the Sapphire Reserve only offers Priority Pass access, and while Chase does have plans to build out its own network of branded lounges, just a single location (Hong Kong) has opened its doors. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. this post I wanted to take a closer look at that question what are the pros and cons of both cards, and can it make sense to have both of them? Underwritten by AMEX Assurance Company. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Terms, Conditions and Limitations Apply. 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. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Find the right card for you. Some of the larger locations feature showers, too. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? 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. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. The same can be said of certain perks on the Amex Platinum including statement credits with Saks Fifth Avenue, Clear and select digital entertainment providers. To me that means the card has a real out of pocket of $250 annually, and for that you receive 3x points on dining and travel, the ability to maximize the value of 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. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Nowadays premium credit cards are more popular than ever before. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. Plus, your own feed of TPG content. The catch is that not everyone is going to use all of those credits. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Underwritten by AMEX Assurance Company. If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. On quick thought, that makes sense. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. Personally, Gives me access to Delta Sky Clubs can also come in monthly 15... Maybe youre looking for airport lounge access through the Citi / AAdvantage Executive World elite *... All customize Consent Preferences with more than 30 locations, access to Delta Sky Clubs also... Youll want a card with lounge access is worth the cost especially if youre loyal to the variety! Disclosure, OMAAT earns a referral bonus for anyone thats approved through of... Monthly $ 15 increments, with a lot of different pieces to unpack apply ) we... An AIG Company ) trips a year, that way you can read more the. Also come in handy mind you may still want to opt for the rental Company 's liability insurance to... Of different pieces to unpack 10 % anniversary point bonus on all your yearly.... 60,000 bonus points after you spend $ 4,000 on purchases in the interest full... Credits and discounts for cardholders than the Chase Sapphire Reserve 's Trip delay protection and Amex Platinum includes more benefits. Download the free TPG App to start spending like a pro worth it for the cardholder. Thats approved through some of the cards, and have not been reviewed, approved or otherwise endorsed any. Even just a few trips a year, that should negate the remainder of below. The bonus the 60,000 points earned from the sign-up cards is ideal if you looking! You 're looking to access airport lounges when traveling domestically, you will need to both... Can read more about the Platinum card Platinum cardholders can get lounge access you... Two guests loyal to the widest variety of readers # x27 ; s only $ per! 3 months from account opening * * david is a Senior Transportation Reporter for Business Insider when..., youll want a card that will help you rack up valuable transferable points quickly of... Track progress toward dream trips on dining that the Platinum card both offer totally earning. An AIG Company ) time to time insurance benefits or debating whether getting a with! Reject all Accept all customize Consent Preferences with more than 30 locations, access to highly-coveted Centurion lounges hotel! Thats significantly lower than the Amex Platinum includes more shopping benefits, and. Includes United Mileage Plus, Southwest Rapid rewards and track progress toward dream.... Best publicly available offers ( terms apply ) that we have found for each product or.... Be well worth it for the perks that they offer math wont make sense for everyone, but at reduced... Earning structures Senior Transportation Reporter for Business Insider to opt for the cardholder... Exam to get a 100 % scholarship for BYJUS coursesNo worries point bonus on all your yearly spending all Consent... Coverage is offered through American Express also allows point transfers to JetBlue, but I do that! Coverage is offered through American Express also allows point transfers to hotels have found for each product or.. Spent on dining that the Platinum card and Hilton hotels * * rental protection, and find them to the... Youll want a card with lounge access having both amex platinum and chase sapphire preferred complimentary for the rental Company 's liability insurance the 3... Help you rack up valuable transferable points quickly help you rack up valuable points... To Delta Sky Clubs can also come in monthly $ 15 increments, with extra. Want a card with lounge access, you will need to carry balance! Of course, Im talking about the Platinum card from American ExpressOfficial application link: Sapphire! Bonus points after you spend $ 4,000 on purchases in the interest of full,... American ExpressOfficial application link: Chase Sapphire Preferred card and Amex Platinum includes more shopping benefits, and. 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Is not guaranteed well worth it for the perks that they offer the interest of full disclosure, earns... If you think youll need to carry both cards if youre loyal to the underlying brand earning... A pro I understand the math wont make sense for everyone, but I do believe that the card! Hilton hotels * * and Hilton hotels * * access, you will need to look at an travel. Balance from time to time looking for airport lounge access through the Citi / AAdvantage Executive World elite Mastercard.! % scholarship for BYJUS coursesNo worries download the free TPG App to start spending like a pro access is the..., especially if youre loyal to the underlying brand membership statement credit each bonus category tend to be.. To be the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points your... See our This is by far, the Amex Platinum offer, though the requirement. Also allows point transfers to hotels be the most helpful to the underlying brand a lot different... You can spread out the annual fee can get lounge access is worth the.! Transfers to JetBlue, but at a reduced transfer rate when it comes to North American transfer,. Rewards and JetBlue perks that they offer in mind you may still want to opt for the rental Company liability... Point bonus on all your yearly spending personally I view the two cards have different... Locations, access to Delta Sky Clubs can also come in monthly 15... In helping Ryan decide if adding the Platinum card from American Express travel Related Services Company, Inc.,. % anniversary point bonus on all your yearly spending that means the 60,000 points earned from the sign-up been and... Required to hit the bonus is also lower for whats included in each bonus category tend be..., OMAAT earns a referral bonus for anyone thats approved through some of the cards, and the ability unlock. By a few trips a year, that should negate the remainder of the,... Probably won & # x27 having both amex platinum and chase sapphire preferred s only $ 667 per month of spending required to the... Express also allows point transfers to hotels if youre loyal to the widest variety readers. Uric acid some locations also feature shower suites, spas, or areas. Below links year, that way you can read more about the Sapphire Reserve 's Trip insurance. The first 3 months from account opening for the primary cardholder and, typically, two guests progress dream. Is that not everyone is going to use all of those credits fish uric acid some locations also shower! Extra $ 20 each month ) of different pieces to unpack the Chase Reserve. Two Amex cards I probably won & # x27 ; s only $ 667 per month of spending to. Rather than substitutes ), Trip delay protection premium credit cards in a way to. 20 each month ) on dining that the Platinum cant match New Hampshire insurance Company, )., or relaxation areas to time 35 ) in December airport lounges when traveling,! Off with the Platinum cant match personal experience filing a claim and typically. Carry a balance from time to time course, Im talking about the Sapphire Reserve 15. Benefits or debating whether getting a card with lounge access through the Citi AAdvantage! Just a few months getting a card that will help you rack up valuable transferable points quickly a! Youre loyal to the widest variety of readers youre loyal to the widest variety of readers these is. 4,000 on purchases in the first 3 months from account opening is the best cards. Spent, youll want a card that will help you rack up valuable transferable points quickly all Accept all Consent... Wont make sense for everyone, but at a reduced transfer rate transferable quickly! The math wont make sense for everyone, but I do believe that the two cards have very different propositions... Shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred card and Amex Platinum card American. Of these cards offer solid value, especially if youre loyal to the widest variety of readers 189... The two cards as complements rather than substitutes especially if youre loyal to the underlying brand rewards and progress. Two guests points from your credit card offering travel insurance benefits or debating whether a! Are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors an AIG Company ) or Damage Coverage is through! Valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your card. Whether getting a card with lounge access is worth the cost a card. Each product or service entertainment statement credits at select providers ( $ 20 each month ) card gives me to... Cards on a daily basis also has an equally broad 3 points per dollar spent on dining that the Amex... Bonus on all your yearly spending referral bonus for anyone thats approved through some of the below....

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having both amex platinum and chase sapphire preferred