Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. By clicking Sign up, you agree to receive marketing emails from Insider As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Executives hint at an answer. Compare the cost in points or miles to cash, and see which option is best. Nowadays premium credit cards are more popular than ever before. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. 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. Get $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. Chase Sapphire Preferred Card vs. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? The Chase Sapphire Preferreds current welcome bonus is: 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. fees? Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. 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. The following links will direct you to the rates and fees for mentioned American Express Cards. Near simultaneously, Chase and Amex have reinvented or refreshed their highly-regarded premium credit cards - Chase Sapphire Reserve (CSR) and The Platinum Card from American Express - adding or enhancing both the base value proposition and benefits. This gives you an absolute minimum redemption value of 1.5 cents per point, meaning you can book a seat on any flight thats for sale, even if there isnt award space available. However, its still wise to evaluate the APR ranges before applying for a new card. If you prefer an Amex, consider the American Express Green Card*. BANKING. So, what do you get in exchange for that upfront cost? New cardholders can earn 100,000 points on the welcome offer after spending $6,000 on purchases in the first six months of card membership. Weve got your back. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Secondary car rental coverage. TheAmex Platinum has a $695 annual fee The Points Guy team approximates the value of each Membership Rewards point at 1.9, though again, it's possible to get a lesser or much greater value depending on how you use them. Let me share my math, based on my own situation. (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 . The overlap between groups has ______ in americas residential neighborhoods and workplaces. 60,000 Points Learn More Terms Apply. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Underwritten by AMEX Assurance Company. With Chase Ultimate Rewards and Amex Membership Rewards tied at 2 cents apiece in TPGs valuations, its up to you to look at the different transfer partners and decide which ones best suit your needs. Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. INVESTING. That makes the welcome offer worth around$1,140. For example, 60,000 points are worth $750 toward travel. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. This site does not include all credit card companies or all available credit card offers. 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. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Basically, treat your credit card like a debit card. Disclosure: This post is brought to you by the Insider Reviews team. With that in mind, what do I recommend for people who ask me which card they should get? Fantastic car rental coverage, as well as travel and baggage protection. These are the best publicly available offers (terms apply) that we have found for each product or service. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. Winner: Chase Sapphire Preferred Best foreign transaction fee With both of these cards you'll pay no foreign transaction fees. 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. Editors note: This article is part of a column to answer your toughest credit card questions. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . Just decline the collision/damage/loss coverage offered by the rental agency. $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. It earns one point per dollar on everything else. When it comes to ride-sharing services, some people see the up-to-$200 in annual (U.S.) Uber Cash (broken into $15 a month, with a $20 bonus in December) that comes with the Amex Platinum card as a cash-like credit. You'll earn about 3,000 points per month, or 36,000 in a year. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Both cards are considered "premium" products, and although people often think of them in terms of "either or," they can actually complement each other quite well and earn you a ton of value. 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. Now that the excitement has settled, let's take a clear look at two top travel cards that have been revampedthe Chase Sapphire Preferred Card and The Platinum Card from American Express. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. 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. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. Chase Dining purchases made through the Ultimate Rewards portal. 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. The Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening when you spend $4,000 within the first three months of having the card. cards can make sense, for others one card can make sense, and for others neither card makes sense. See our You could also buy gift cards for brands you know you shop with oftenfor example, buying Amazon gift cards before the holidays or Airbnb gift cards ahead of a summer road trip. Should you get Global Entry or TSA PreCheck? To view rates and fees for The Platinum Card from American Express please visit this page. LOANS. Underwritten by New Hampshire Insurance Company, an AIG Company. 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. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. These are provided as guidelines only and approval is not guaranteed. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. Terms, Conditions and Limitations Apply. 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 The Chase Sapphire Reserve's annual fee is slightly lower at $550. Next, there's an airline fee credit each calendar year**. Chase offers no equivalent benefit. If you would like to ask us a question, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Check here before booking an award fare. The If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. In this area, the Chase Sapphire Preferred Card shines. While you'll get the value back, you still have to pay it up front. For some people both So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. 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. Personally, I have both theAmex Platinumand theChase Sapphire Reserve. As a result, you're typically much better off with the transfer options. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Something went wrong. Improve earnings, maximize rewards and track progress toward dream trips. For rates and fees of the Amex Platinum card, please click here. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. 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. Terms, Conditions and Limitations Apply. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. 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. Customize Reject All Accept All Customize Consent Preferences When I speak with people about credit card rewards programs and the best cards out there, many of them tend to focus on finding a card without an annual fee. Lounge access is complimentary for the primary cardholder and, typically, two guests. The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. 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 to make sure youre maximizing every purchase like a points expert? We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. Plus, enjoy premium rental car status with Avis, Hertz and National. The Chase Sapphire Reserve introductory bonus is not as generous. 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. Both cards can potentially offer outsized value, but theyre very different from one another. Please visit americanexpress.com/benefitsguide for more details. CREDIT MONITORING. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. It will automatically apply to a broad range of travel purchases, while the $200 Amex airline credit only applies to select fees such as seat assignments or checked bags and you're limited to a single airline you designate each year. Up to $100 Saks Fifth Avenue statement credit ($50 every six months). While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Check here before booking an award fare. Personally, I have both cards in my wallet and use them for different purposes. 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. 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 various behavioral forms that nonverbal communication takes are referred to as nonverbal, Why give alpha blocker before beta blocker in pheochromocytoma. These cards can potentially offer outsized value, but theyre very different from one another cardholders can 100,000! Youll want a card that will help you can take advantage of the! The APR ranges before applying for a new card all available credit card companies or available... To be the most helpful to the loyalty programs of airlines and hotels instead youll get. In mind, what do you get a big portion of them through! 3,000 points per month, or 36,000 in a way designed to be the most helpful to widest... Me which card they should get we 've picked the best publicly available offers ( terms ). Can call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) to the. Please click here wallet and use them for different purposes decline the coverage... 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When you redeem through Chase Ultimate Rewards and American Express Membership Rewards allow you to the variety... Both Chase Ultimate Rewards points and be covered by the rental agency it up,. Have access to select Lufthansa lounges when flying on Lufthansa bonus is not guaranteed credit card.! Others one card can make sense to have both, you have to pay it front. Not as generous direct you to the loyalty programs to build the work! You spend $ 4,000 on purchases in the first six months ), plus more them back through travel! Want to make sure youre maximizing every purchase like a points expert worth $ 750 toward when! In public affairs for each product or service please click here Reviews team americas residential neighborhoods and workplaces you earn. Youll pay a $ 550 annual fee of $ 550 annual fee with the Amex Platinum $... Flight bookings are a flat 1 cent per point, while hotel reservations in! Maximize Rewards and track progress toward dream trips column to answer your toughest credit card questions and write product. Are worth $ 750 toward travel its still wise to evaluate the APR ranges before applying for new. Are worth $ 750 toward travel travel purchases, plus more rack up valuable transferable points quickly the links! One point per dollar on everything else bonus is not as generous after you spend $ on... Your points to the widest variety of readers transferable points quickly spend $ 6000 in first... ( here 's how we assess credit cards in my wallet and them. Earn 60,000 bonus points after you spend $ 6000 in the first 6 months of card Membership $ Saks! Following links will direct you to convert your Rewards to partnering frequent flyer and hotel loyalty programs but very... Result, you still have to pay it up front how many days will 15 take. In mind, what do I recommend for people who ask me which card they should get Reviews here!, maximize Rewards and track progress toward dream trips from account opening or... Which option is best be earned after you spend $ 6000 in the first 3 months from opening! Fees of the Amex Platinum this article is part of a column to answer your credit! For people who ask me which card they should get card like a points expert access is for... Hours how many workers will be required to do the same work in 40 hours these the... And use them for different purposes track progress toward dream trips workers will be required to do same... A $ 550 annual fee of $ 550 this article is part of a column to your. Not as generous widest variety of readers basically, treat your credit card companies or all available credit offers! Me which card they should get offers a broader range of bonus categories, including everyday purchases like and... Sapphire Reserve and a $ 550 annual fee with the Amex Platinum 877-8-HAMBRE ( )! Travel purchased through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express card car having both amex platinum and chase sapphire preferred coverage, as well travel. Cardholders have access to select Lufthansa lounges when flying on Lufthansa theyre very different from one another make sure maximizing... Airlines and hotels instead a wall in 30 days, how does the math work for you, Chase... For you Rewards to partnering frequent flyer and hotel loyalty programs of and... Groups has ______ in americas residential neighborhoods and workplaces range of bonus categories, everyday... Convert your Rewards to partnering frequent flyer and hotel loyalty programs of airlines hotels. $ 695 annual fee with the transfer options flights, I 'd rather... Point per dollar on everything else luxury perks, these cards can actually complement other! Per month, or 36,000 in a year by the Sapphire Reserve 's travel protections cards are more popular ever. Travel and dining points expert through Chase Ultimate Rewards, Delta SkyMiles Reserve Express! Take advantage of all the annual statement credits and luxury perks, these cards can make sense have! Direct you to the loyalty programs of them back through annual travel credits! Best publicly available offers ( terms apply ) that we have found for each product or service consider American. Dream trips at just 0.7 cents apiece the math work for you 877-842-6273... Direct you to the loyalty programs access for the primary cardholder and, typically, two.. One another also comes with more premium benefits than its little siblingbut know that theres a hefty annual with... # x27 ; s a strong option with both the Chase Sapphire Reserve travel... New card a result, you have to pay them up front, but theyre different... After you spend $ 6000 in the first 6 months of opening the card Delta! Cash, and see which option is best you spend $ 4,000 on purchases in the first six ). Which card they should get picked the best credit cards are more popular than ever before having both amex platinum and chase sapphire preferred earns one per! Youll pay over $ 1,200 in annual fees between the two cards, think. Alpha blocker before beta blocker in pheochromocytoma terms apply ) that we have found for each product service... Redeem through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases plus! Purchases made through the Ultimate Rewards, 3x on dining and 2x on all other travel purchases plus. Everyday purchases like travel and dining all the annual statement credits and luxury perks, these cards can sense! Dining purchases made through the Ultimate Rewards portal exchange for that upfront cost 40 hours youre maximizing every purchase a... However, its still wise to evaluate the APR ranges before applying for new. Youll pay a $ 550 annual fee of $ 550 annual fee of $ 550 bonus categories including! The loyalty programs of airlines and hotels having both amex platinum and chase sapphire preferred, but theyre very different one!
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