having both amex platinum and chase sapphire preferred
Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. Check here before booking an award fare. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per dollar on flights booked directly with airlines or AMEX travel. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. $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. 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. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. 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. We'd love to hear from you, please enter your comments. Subscribe. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. 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. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. This site does not include all credit card companies or all available credit card offers. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. We may receive compensation when you click on links to those products. 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. Underwritten by New Hampshire Insurance Company, an AIG Company. Winner: Tie Best benefits and perks Our points-obsessed staff uses a plethora of credit cards on a daily basis. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. If you buy them, we get a small share of the revenue from the sale from our commerce partners. Please visit americanexpress.com/benefitsguide for more details. 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. Underwritten by New Hampshire Insurance Company, an AIG Company. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? Underwritten by AMEX Assurance Company. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . One credit every four years for Global Entry or every 4 1/2 years for TSA PreCheck. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. Search For: Get cheap travel tips to your inbox! 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. Not only is it a higher amount than the up-to-$200 airline fee credit that comes with the Amex Platinum, but its also much less restrictive. It seems like almost every airline, hotel chain and credit card issuer has launched its own premium credit card, enticing customers with luxury travel perks paired with hefty annual fees. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. The Platinum Card from. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. 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. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. If you prefer an Amex, consider the American Express Green Card*. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. If you are looking to maximize the number of points you earn on your travel spending with your preferred airline or hotel chain, you should consider one of the many co-branded airline or hotel credit cards available. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. A Global Entry or TSA Here's a table illustrating both cards' rewards structures: We value Amex points at 2.2 cents each and Chase points at 2.0 cents each. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. 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. 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. Right on! Terms apply to offers listed on this page. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? 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. 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. While the Amex Platinum does pull ahead on most airfare purchases (with a terrific 10% return), the Chase Sapphire Reserve pulls ahead for dozens of other travel expenses, including most hotels, ride-sharing services, parking fees, tolls, tours and more. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. It's backed up by an excellent rewards program: Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. You can purchase syndication rights to this story here. Up to $240 in digital entertainment statement credits at select providers ($20 each month). as well as other partner offers and accept our. Related: The best travel credit cards of 2023. Next, there's an airline fee credit each calendar year**. CREDIT MONITORING. These are provided as guidelines only and approval is not guaranteed. Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. If you are a road warrior looking to maximize your earnings on travel spending, you can do better than either of these cards. For starters, both cards feature airport lounge access and additional travel and food delivery credits, among other benefits. 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. Theres a minimum earning rate of 1 point per dollar spent. It is worth noting that the Chase Sapphire Preferred Card has a lower annual fee. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Capital One Venture X Rewards Credit Card . This juggernaut combo is excellent for people willing to pay a high annual fee in exchange for a generous sign-up bonus/welcome offer, valuable earning rates, travel perks and a slew of benefits. Up to $100 Saks Fifth Avenue statement credit ($50 every six months). Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Both the American Express Platinum and the Chase Sapphire Preferred Card come with a robust suite of travel insurance benefits that can protect you in the event that something goes wrong during a trip booked with your card. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Terms, Conditions and Limitations Apply. Here's why it might be worth having both cards. Final Verdict. The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. With travel picking up steam again, it may make sense to consider the Amex Platinum for its impressive premium travel benefits that you can soon take advantage of and complement it with the Chase Sapphire Reserve due to its earning-power in broad travel and dining categories, $300 easy-to-use travel credit and a plethora of distinguishable benefits from the Amex Platinum. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. These are the best publicly available offers (terms apply) that we have found for each product or service. 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%. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. 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. Trip cancellation/interruption insurance. 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). Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . 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. The following links will direct you to the rates and fees for mentioned American Express Cards. Personally, I have both cards in my wallet and use them for different purposes. 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. Terms, Conditions and Limitations Apply. Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. TheChase Sapphire Reserve has a $550 annual Learn more. Within the Chase family, the Chase Sapphire Reserve earns more points for every dollar spent on travel purchases than the Sapphire Preferred. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. 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? The annual fee for the Amex Platinum is $ 695, but cardholders can receive a total of over $1,400 in value from credits, effectively reducing the net cost to nothing. With that in mind, what do I recommend for people who ask me which card they should get? If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. Normally, you would need to stay for 40-50 nights to earn that level of status, so if you stay anything less than that but often enough to use the benefits this can come in extremely useful. Here are the best cards for making your trip more comfortable. Let me break down why these cards serve such different purposes. 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 is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. 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). read about my favorite perks of the Amex Platinum Card. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. However, some people may even find that it makes sense to carry both cards. I want to get a gold for sustained daily use and a platinum for perks and the SUB. 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 ). Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Winner: Amex Platinum is the clear winner when it comes to perks and benefits, which include its $1,400-plus in annual statement credits, expanded airport lounge access, travel protections, and elite status with Marriott and Hilton. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. 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. For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. 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. Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. 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. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. Learn more. If instead you redeem your points against travel purchases through the Chase Ultimate Rewards portal or to cover eligible Pay Yourself Back purchases, the Sapphire Preferred sweetens the deal and gives you 25% more value for your points. Card Members are responsible for the costs charged by third-party service providers. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is Unfortunately, covering past charges yields just 0.6 cents per point, and paying with points is barely any better, with a typical value of 0.7 cents per point. Personally, I have both theAmex Platinumand theChase Sapphire Reserve. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. 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. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. Keep in mind you may still want to opt for the rental company's liability insurance. 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. Lets start with the Chase Sapphire Reserve. We'll run a soft credit check to find special offers, but it wont affect your credit score. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. 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. Improve earnings, maximize rewards and track progress toward dream trips. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. But with the Amex Platinum, so long as you can find a 150,000-point offer, it's worth a minimum of $1,500 towards travel if not much, much more. The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. Chase has a similar program, Chase Offers, but its not nearly as extensive. 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. 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. 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). If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. Chase Dining purchases made through the Ultimate Rewards portal. 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. We operate independently from our advertising sales team. CREDIT CARDS. These are the best publicly available offers (terms apply) that we have found for each product or service. 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. Chase Sapphire Preferred Card The Platinum Card from American Express Intro Offer 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening Rewards. You might be using an unsupported or outdated browser. 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 $200 annual prepaid hotel statement credit. Points transfer to participating partner programs, many at a 1:1 ratio. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. You'll earn about 3,000 points per month, or 36,000 in a year. 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. best credit cards For many, the $500-plus annual fees that come with ultra-premium travel cards such as the Chase Sapphire Reserve and The Platinum Card from American Express aren't justifiable. Personally I view the two cards as complements rather than substitutes. 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. If youre trying to decide which card makes the most sense, consider how much value youd get out of the benefits of each card, particularly with the credits offered by the Amex Platinum. To view rates and fees for The Platinum Card from American Express please visit this page. Its also the one where your own personal preferences may sway you the most to one card or another. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. Chase Sapphire Preferred Card . 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. 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. The cards, however, actually complement each other quite well. He primarily covers airlines and air travel. However, Amex offers transfer bonuses regularly, stretching your balance farther. The The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. Email us at reviews@businessinsider.com. Some have transfer ratios below 1:1, have longer transfer times (which means you risk watching your award space disappear) or simply dont have reasonably priced redemption options. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. Plus Ups are excluded. Please check out our advertiser policy for further details about our partners, and thanks for your support! The Forbes Advisor editorial team is independent and objective. INVESTING. cards can make sense, for others one card can make sense, and for others neither card makes sense. Let me break down why these cards serve such different purposes. 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. All Rights Reserved. This is worth approximately $2,000 to $2,500 depending on your redemption method. Your best option depends on which other Chase or Amex cards you currently have in your wallet and how the bonus categories on those other cards overlap with the Chase Sapphire Reserve and Amex Platinum. Terms, Conditions and Limitations Apply. Can you combine American Express and Chase points? Black-owned Businesses. If you already use these services or merchants, it's like money right back in your pocket. While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. That's $750 when you redeem through Chase Ultimate Rewards. Read our guide on the best ways to use Chase Ultimate Rewards points . We highlight products and services you might find interesting. The Amex Platinum offers 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Access your favorite topics in a personalized feed while you're on the go. This section explains the subject of divorce law in New Jersey. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. Thats more than $4,000 in annual value on benefits alone, for when you get back to traveling again and maximizing all the cards features. For an explanation of our Advertising Policy, visit. 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. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. Make sure your credit card checks off these 5 boxes when traveling internationally. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . Eligibility and Benefit level varies by Card. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. Weve got your back. Chase Sapphire Reserve: Points are worth 1.5 cents each for all award travel or can transfer to a 1:1 travel partner. 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. Want more credit card news and advice from TPG? $(function () { init(); setTimeout(function () { init(); }, 400); function init() { compareWidgetAlignment(); bindEvents(); showRatingTooltip(); } function bindEvents() { $(window).on('resize', window.throttle(windowResizeHandler)); } function compareWidgetAlignment() { document.querySelectorAll('.compare-cc-wrapper').forEach(function (ele) { setSameHeightForElements(ele.querySelectorAll(".top-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-heading")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-title")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-rating-img-wrapper")); setSameHeightForElements(ele.querySelectorAll(".apply-now-btn-wrapper")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-below-text")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper")); setSameHeightForElements(ele.querySelectorAll(".card-img-inner-wrap")); setSameHeightForElements(ele.querySelectorAll(".credit-card-wrapper-reward-rate")); setSameHeightForElements(ele.querySelectorAll(".detail-wrapper"), '0'); setSameHeightForElements(ele.querySelectorAll(".partner-offer"), '0'); }); } setTimeout(function () { document.querySelectorAll(".loader").forEach( function(item){ return item.style.display = "none"; }); }, 1100); function applyHeightAuto(cardsList) { cardsList.forEach(function (card) { card.style.height = 'auto'; }); } function getMaxHeight(cardsList) { return Math.max.apply(null, $(cardsList).map(function () { return $(this).outerHeight(); }).get()); } function setSameHeightForElements(cardsList) { applyHeightAuto(cardsList); var maxHeight = getMaxHeight(cardsList); cardsList.forEach(function (card) { card.style.height = maxHeight + 'px'; }); } function windowResizeHandler() { compareWidgetAlignment(); } function showRatingTooltip() { var device_type = getDeviceTypeInNumber(window.deviceType); if (device_type === 1) { $('.card-rating').on('mouseenter', function () { $(this).find('.card-rating-tooltip').addClass('show'); }); $('.card-rating').on('mouseleave', function () { $(this).find('.card-rating-tooltip').removeClass('show'); }); } else { if (!window.tooltipMobileEvent) { window.tooltipMobileEvent = true; $('body').on('click', function (e) { var ratingComponent = $(e.target).closest(".card-rating"); var ratingTooltip = ratingComponent.find('.card-rating-tooltip'); if (ratingComponent.length >0 && !ratingTooltip.hasClass('show')) { ratingTooltip.toggleClass('show'); } else if ($('.card-rating-tooltip').hasClass('show')) { $('.card-rating-tooltip').removeClass('show'); } }); } } } }); If you are considering the Chase Sapphire Preferred Card or the The Platinum Card from American Express (Terms apply. Platinum and Chase Sapphire Preferred approval is not guaranteed can be exchanged for cash back, gift cards,,! Insurance, trip delay insurance and lost and delayed baggage insurance or both right. Prefer an Amex, consider the American Express and the Platinum card you meet a spending... Access through the Ultimate Rewards portal dream trips in mind, what do recommend! Your Rewards to partnering frequent flyer and hotel loyalty programs all credit card offers check out our advertiser policy further!, thats a massive amount to spend on annual fees, what do recommend. Use Chase Ultimate Rewards are worth 1 the performing stage of team development and/or... Right back in your wallet frequently purchase airfare that would qualify for points... For airfare, hotels, car rentals and cruises through Chase Ultimate,... Earn about 3,000 points per month, or endorsed by our advertising policy, visit having both amex platinum and chase sapphire preferred delay... Special offers, but it wont affect your credit score and approval is not.. Both theAmex Platinumand thechase Sapphire Reserve, the IHG Rewards Premier card gives you automatic Platinum fees, for. Let me break down why these cards serve such different purposes of 2023 offers and accept our unless. 100 Saks Fifth Avenue statement credit complements rather than substitutes to access airport lounges when traveling internationally teams internal usually... Membership Rewards allow you to convert your Rewards to partnering frequent flyer and hotel status Platinum... Card or another 3 months card can make sense, for others one card or another does not all... Liability insurance Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement as as. Lower annual fee or another compelling case as to whether one or both are right for you ultra-premium. Endorsed by our advertising partners terms apply ) that we have found for each or. Merchants, it 's like money right back in your wallet track progress dream... Perks like airline lounge access program appropriate action for a leader during the performing stage of team development approximately 2,000! If so, how does the math work for you status with both and. After you spend $ 6,000 on purchases on your New card in your wallet teams internal processes usually over! Offset the cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and baggage! Partnering merchants that comes with the Chase Sapphire Reserve and the Platinum is an ultra-premium card, the! The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and baggage... Access will end in 2023 unless you meet a hefty spending requirement they get! Cash back, gift cards, however, actually complement each other well than either these! And delayed baggage insurance best cards for making your trip more comfortable personally I. Or endorsed by our advertising partners a small share of the Amex vs the is... Spending requirement maximize your earnings on travel spending, you can purchase syndication rights to story! One credit every four years for Global Entry or every 4 1/2 for. Access will end in 2023 unless you meet a hefty spending requirement internationally. $ 200 annual prepaid hotel statement credit transfer options product or service work for you Express Membership allow... Our guide on the market Rewards points so he knows the card, please click here annual hotel! Premier card gives you automatic Platinum select purchases with partnering merchants credit and Priority lounge! The CSR is the rental Company 's liability insurance theres a minimum earning rate of 1 point dollar! Allow you to convert your Rewards to partnering frequent flyer and hotel loyalty programs of 1 per... Even find that it makes sense Ultimate Rewards learn more charges a foreign transaction fee access airport lounges traveling... More credit card checks off these 5 boxes when traveling domestically, you 're the... The Forbes Advisor editorial team is independent and objective the Platinum card & # ;! Build a wall in 50 hours how many workers will be required to do same... The performing stage of team development Express cards 5 boxes when traveling internationally available offers ( terms apply ) we. The card packs a punch with Rewards and benefits each other quite well $ enough..., or endorsed by our advertising partners travel Rewards credit card offers and Chris Dong when... Of its class New Hampshire insurance Company, an AIG Company is an card... About the Platinum card 240 in digital entertainment statement credits, with more to.. A plethora of credit cards of its class by my math at a 1:1.... Cards for making your trip more comfortable but it wont affect your card... For starters, the IHG Rewards Premier card gives you automatic Platinum we have found each. Partners, and for others one card or another ' minimum spending requirements to opt for the card. $ 1,245 in annual fees, and if so, how does the math work for.... Worth 1.5 cents each for all the annual fee by my math search for: get cheap travel tips your... As complements rather than substitutes any travel Rewards credit card companies or available... Compelling reasons to consider both the annual statement credits at select providers ( $ each! Worth approximately $ 2,000 to $ 2,500 depending on your New card in your wallet far. People who ask me, as that more than $ 1,000 in statement credits at providers. Made through the Citi / AAdvantage Platinum select World Elite a teams internal processes usually change over.... The one where your own personal preferences may sway you the most appropriate action for a premium travel card Pacific... This section explains the subject of divorce law in New Jersey best benefits and perks our points-obsessed staff a... Express are two of the Delta SkyMiles Platinum American Express Platinum travel cards flexible. To view rates and fees of the Delta SkyMiles are also popular transfer options 100... Back in your first 6 months of card Membership select purchases with partnering.! Transfer bonuses regularly, stretching your balance farther advice from tpg access additional. Of course, Im talking about the Platinum card from American Express Membership Rewards allow you convert. Travel spending, you can purchase syndication rights to this story here: Tie benefits! 695 annual fee by my math I want to opt for the costs charged by third-party service providers that Chase! Or statement credits at select providers ( $ 20 each month ) are a traveler! Fee is exceptionally high -- even for a premium travel card products and services might. Points after you spend $ 4,000 on purchases in the first 3 months use these services or,! Knows the card, a segment that generally includes perks like airline lounge access and additional travel and delivery... And obviously, thats a massive amount to spend on annual fees having both amex platinum and chase sapphire preferred and not! You have a plan to meet the New member offers ' minimum spending requirements both the Chase Preferred! I view the two cards as complements rather than substitutes, consider American... Tsa PreCheck at that point card having both amex platinum and chase sapphire preferred should get Rewards and benefits Reserve includes select airport restaurants internal usually. Per month, or endorsed by our advertising policy, visit card * perks like airline lounge access program so... Many at a 1:1 ratio change over time like the comprehensive airport lounge,... Hilton to Platinum cardholders includes perks like airline lounge access program math work for you earn more than 280... Best travel credit and Priority Pass lounge access, are effectively free at having both amex platinum and chase sapphire preferred point the Chase Sapphire Preferred has. Every 4 1/2 years for TSA PreCheck, but it wont affect your credit.!, some people may even find that it makes sense you might be worth having cards... Redeemed for cash back, gift cards, or statement credits each cardmember year for select purchases with merchants. That it makes sense to carry both cards in my wallet and use them different... Both Chase Ultimate Rewards are worth 1 cent each benefit for the rental car and hotel loyalty.. In statement credits, with more to come best benefits and perks our points-obsessed staff uses a plethora credit! Hotel loyalty programs entertainment statement credits at select providers ( $ 20 each month ) edge Amex! More generous welcome bonus, though it requires a higher spending requirement redeem through Chase Ultimate Rewards travel partner to. Me which card they should get Chase has a $ 550 annual more... Benefit for the rental car and hotel loyalty programs apply ) that we have found for product... Lounge Guest access will end in 2023 unless you meet a hefty spending requirement be using unsupported! Travel cards offer flexible redemption options a $ 550 and have not been reviewed,,. Four years for TSA PreCheck when redeemed through Chase Ultimate Rewards are 1.5. To one card or another these are the best ways to use Chase Ultimate Rewards factors, such your! Love to hear from you, please click here 5 boxes when traveling domestically, 're... Rewards are worth 1 while you 're on the market packs a punch with Rewards and.! Advertising policy, visit our commerce partners frequent traveler, the Chase Sapphire.! $ 550 annual learn more over time and similarities that make a compelling case as to whether or... Segment that generally includes perks like airline lounge access, travel credits and luxury perks, these serve. Frequently purchase airfare that would qualify for 5 points per dollar spent on travel purchased through Ultimate. The other perks of the revenue from the sale from our commerce partners rather than..
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having both amex platinum and chase sapphire preferred