Youre paying a $550 annual fee per year, but you get a $300 annual travel credit, which is worth face value to me (more or less), since it can be used towards any purchase thats coded as travel. Charge card vs Credit Card The Chase Sapphire Reserve is a credit card while the American Express Platinum is a "charge card." A charge card must be paid off in full each month or else you face a hefty monthly fee. 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. 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. The We welcome your feedback. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). 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. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. Please view our advertising policy page for more information. Eligibility and Benefit level varies by Card. Please visit americanexpress.com/benefitsguide for more details. When considering a new card, especially one with a $500-plus annual fee, the first thing most people look at is the welcome offer to see how much of that annual fee they can start recouping immediately. For starters, both cards feature airport lounge access and additional travel and food delivery credits, among other benefits. 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. $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. Terms, Conditions and Limitations Apply. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. TheAmex Platinum has a $695 annual fee No single credit card is the best option for every family, every purchase or every budget. 10% anniversary point bonus on all your yearly spending. 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. These are provided as guidelines only and approval is not guaranteed. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. Eligibility and Benefit level varies by Card. Underwritten by New Hampshire Insurance Company, an AIG Company. Please visit americanexpress.com/benefitsguide for more details. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. We frequently receive products free of charge from manufacturers to test. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. Card Members are responsible for the costs charged by third-party service providers. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. $50 annual hotel credit that can be used for any booking. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. 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. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. That means that Amex points are slightly more valuable than Chase points. When you get the card, be sure to flip through the benefits guide. Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. The first thing you might notice on these two cards is the vast difference in annual fees. Eligibility and Benefit level varies by Card. Ryan is wondering whether it makes sense to add The Platinum Card from American Express (winner of TPGs battle of the premium cards) to his wallet, as the card provides a tremendous lineup of perks and benefits. This is $1000 per month of required spending. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . Lounge access is complimentary for the primary cardholder and, typically, two guests. Sections. Eligibility and Benefit level varies by Card. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Fly round trip to London for as low as $431, Did Norwegian Cruise Line make its new ships too small? 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). Commissions do not affect our editors' opinions or evaluations. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. 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. Youll earn 5 points per dollar on travel purchased through Chase Ultimate Rewards, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases. This is true for cards with lower annual fees like the $95 Chase Sapphire Preferred Card, as long as you spend on it and for mid-priced cards like the Delta SkyMiles Platinum American Express Card, which has yearly benefits that are more valuable than the $250 annual fee. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. The cards, however, actually complement each other quite well. Enjoy access to more than 1,400 airport lounges worldwide through the Global Lounge Collection. This compensation comes from two main sources. Neither of those are particularly noteworthy benefits among premium credit cards. Credit Score ranges are based on FICO credit scoring. Chase offers no equivalent benefit. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. 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. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. Additional reporting by Joseph Hostetler. Money. 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. Plus, your own feed of TPG content. With the Chase Sapphire Reserve, you can redeem points for travel through Chase's own travel portal at a rate of 1.5 cents per point. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. 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. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Black-owned Businesses. 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. Please check out our advertiser policy for further details about our partners, and thanks for your support! Youll earn 5 points per dollar on flights and 10 points per dollar on hotels and car rentals when purchasing travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. CREDIT CARDS. 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. Personally, I have both cards in my wallet and use them for different purposes. 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. In this area, the Chase Sapphire Preferred Card shines. 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. The best option is transferring to an airline. If you are a frequent traveler, the Chase Sapphire Preferred is one of the best travel credit cards of its class. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. Want more credit card news and advice from TPG? Both of these cards get that done but in very different ways. Chase Sapphire Preferred Card vs. Terms apply to offers listed on this page. Terms, Conditions and Limitations Apply. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. 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. Here's why it might be worth having both cards. Toggle navigation dalagang bukid fish uric acid A Global Entry or TSA However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. Disclosure: This post is brought to you by the Insider Reviews team. These include: The Platinum Card from American Express 50,000 Miles 90,000 Miles! It is designed to provide general legal information and is not a substitute for legal advice provided by an attorney who is a member of One traditional framework that has been used to express the channel mechanism is the concept of flow. Note that there is a two-night minimum stay for The Hotel Collection bookings. 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