However, Amex offers transfer bonuses regularly, stretching your balance farther. Commissions do not affect our editors' opinions or evaluations. Many of these cards are also available with no annual fee. 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. Meanwhile, the Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 in the first three months from account opening. Terms, Conditions and Limitations Apply. Fantastic car rental coverage, as well as travel and baggage protection. The catch is that not everyone is going to use all of those credits. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. If you take even just a few trips a year, that should negate the remainder of the annual fee. 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). 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. 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. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Plus Ups are excluded. Black-owned Businesses. 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. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. TheChase Sapphire Reserve has a $550 annual You can also use them to purchase travel through Chase, which works just like any other online travel agency. While you'll get the value back, you still have to pay it up front. Next, there's an airline fee credit each calendar year**. A Priority Pass membership. Access your favorite topics in a personalized feed while you're on the go. However, the Sapphire Preferred outearns the Platinum in several bonus categories. 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. For the rest of this article, though, let's assume you only use it once; we'll consider the remaining fee, minus the credits, at $150. Up to $189 annual Clear membership statement credit. The welcome offer alone is worth $2,000, according to TPG valuations. A Global Entry or TSA If your budget allows, consider using the designated spending period to make major purchases you were planning on anyway, such as home appliances, car repairs or electronics. You'll earn about 3,000 points per month, or 36,000 in a year. This site does not include all credit card companies or all available credit card offers. Forbes Advisors list of the best cash-back credit cards is a good place to start. The overlap between groups has ______ in americas residential neighborhoods and workplaces. Chase Sapphire Preferred Card . Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or 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. We operate independently from our advertising sales team. Amex Platinum. 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. Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. 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. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. 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. Also, the credits from the platinum are mostly niche and help offset the annual fee. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. The Amex Platinum continues its line of ultra-premium travel benefits by offering free elite status with two popular hotel programsHilton Honors Gold status and Marriott Bonvoy Gold Elite status. 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. That's only $667 per month of spending required to hit the bonus! Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. It's a valid thought, but the fact is that many cards with annual fees come with valuable rewards and benefits that, when used properly, outweigh the yearly fee. While you'll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Email us at reviews@businessinsider.com. Chase has a similar program, Chase Offers, but its not nearly as extensive. Editorial disclaimer: 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. If you prefer an Amex, consider the American Express Green Card*. Basics of the Amex Platinum Card; Basics of the Chase Sapphire Reserve Card The annual percentage rate on your Amex Platinum is between 19.74% and 26.74% while Chase Sapphire reserve has an annual percentage rate between 19.99% and 26.99%. However, the Amex Platinum offers up to $200 in Uber credits annually, up to a $100 annual credit for purchases made at Saks Fifth Avenue, Global Entry or TSA PreCheck application fee credit, up to $200 in annual hotel credits, up to $200 in annual airline fee credits, up to $300 annually in statement credits for an Equinox digital or club Your financial situation is unique and the products and services we review may not be right for your circumstances. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. has been a frequent flier for as long as he can remember. CREDIT MONITORING. The cards, however, actually complement each other quite well. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. 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. The Forbes Advisor editorial team is independent and objective. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. Here's the full list of Chase's transfer partners. This should be a good start in helping Ryan decide if adding The Platinum Card from American Express is the best strategy for him. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. this card independently, rather than in comparison to another card. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. 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. Card Members are responsible for the costs charged by third-party service providers. Offering a rare mix of high rewards rates and redemption flexibility, this card is a dream for frequent spenders on travel & dining - while charging a modest annual fee. Airfare booked through the Ultimate Rewards portal. 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. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Traveling for spring break? The Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. On quick thought, that makes sense. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. 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