having both amex platinum and chase sapphire preferred

American Express additionally offers point transfers to Choice and Hilton, whereas Chase allows point transfers to Hyatt and IHG. Here's why it might be worth having both cards. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? 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 ). Youll pay a $550 annual fee with the Sapphire Reserve and a $695 annual fee with the Amex Platinum. INVESTING. And we haven't even gotten to the rewards yet. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is Nowadays premium credit cards are more popular than ever before. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. While they are both excellent travel . 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 Try BYJUS free classes today!No worries! A native New Yorker and avid photographer, David previously covered travel, credit-card rewards, and frequent-flyer programs. Find the right card for you. As a result, you're typically much better off with the transfer options. Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. Capital One Venture X Rewards Credit 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. We may receive compensation when you click on links to those products. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. 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. After the two AMEX cards I probably won't get anymore. All told, Chase can transfer to 11 airlines and three hotel brands. This is $1000 per month of required spending. Plus Ups are excluded. 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. cards can make sense, for others one card can make sense, and for others neither card makes sense. 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). That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? We'll run a soft credit check to find special offers, but it wont affect your credit score. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. (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 . Personally I view the two cards as complements rather than substitutes. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Sections. this card independently, rather than in comparison to another card. Learn More Terms Apply. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Terms apply to the offers listed on this page. Nowadays premium credit cards are more popular than ever before. Eligibility and Benefit level varies by Card. Theres a minimum earning rate of 1 point per dollar spent. To start, the annual fees are a little bit misleading. Performance information may have changed since the time of publication. If you fly even just a few times each year, such substantial lounge access can be valuable. Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. Commissions do not affect our editors' opinions or evaluations. Please view our advertising policy page for more information. Information provided on Forbes Advisor is for educational purposes only. 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. However, Amex offers transfer bonuses regularly, stretching your balance farther. These two popular cards are often mentioned in an either-or scenario. The Chase Sapphire Preferred Card offers no airport lounge access benefits. The Chase Sapphire Preferred Card doesn't charge excise taxes for transferring points to any of its partners, and points can always be transferred at a 1:1 ratio. Terms, Conditions and Limitations Apply. But who wants to pay $1,245 Weve got your back. 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. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. Personally, No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. Improve earnings, maximize rewards and track progress toward dream trips. That's $750 when you redeem through Chase Ultimate Rewards. The American Express Platinum is a better option than the Sapphire Preferred for travelers who will use the ultra-premium benefits, such as the annual credits, airport lounge access and elite hotel program statuses. 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. $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. 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. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinum's $695 annual fee. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. This does not drive our decision as to whether or not a product is featured or recommended. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. 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. Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. 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? CREDIT MONITORING. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. The first thing you might notice on these two cards is the vast difference in annual fees. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. Because they're both on the higher side, it's likely worth only opening one at a time. 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 Amex Platinums annual fee is for me more than covered by the credits. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. We welcome your feedback. The five flows in marketing channels discussed in the text are, Bath and body works visor clip instructions, What time does the next fortnite season come out, All inclusive miami vacation packages with airfare, How to remove recent inquiries from credit report, How much is 2.5 liters of water in gallons, Amex Platinum Vs. Chase Sapphire Reserve (2022). Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. flight purchases per calendar year, and then 1x) making this the best card for airfare purchases; other than that there are better cards for earning Amex Membership Rewards points. David is a Senior Transportation Reporter for Business Insider. Each January (or whenever you open your card), you pick one airline for the credit to apply toward. United customers should look at the United Club Infinite Card. In some cases, we receive a commission from our partners; however, our opinions are our own. Many of these cards offer solid value, especially if youre loyal to the underlying brand. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. No, those numbers are not typos. 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. 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. Amex Platinum. 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). Basically, treat your credit card like a debit card. 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. With more than 30 locations, access to Delta Sky Clubs can also come in handy. See our American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. When you get the card, be sure to flip through the benefits guide. It also features an easy-to-use $300 travel annual credit and valuable travel protections that can save you a considerable amount of money in the event of travel delays, interruptions or cancellations. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. Disclosure: This post is brought to you by the Insider Reviews team. 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. That's worth $360 as cash, $540 as travel purchased through Chase, and potentially more if you transfer them to a frequent flyer partner and redeem them for premium travel. Right on! The Forbes Advisor editorial team is independent and objective. Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. 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. 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. Lets start with the Chase Sapphire Reserve. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. You'll earn about 3,000 points per month, or 36,000 in a year. A Priority Pass membership. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. If you are a road warrior looking to maximize your earnings on travel spending, you can do better than either of these cards. Platinum Card by American Express Interest Rates: Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. 252 Sharp Street, Cooma, NSW, 2630. binstak router bits speeds and feeds. For some people both American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. 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. Enrollment required. 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. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. 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. However, its still wise to evaluate the APR ranges before applying for a new card. Whether youre just card curious or are looking to add specific benefits to your wallet, well cover the high points of each card to help you decide which one might be right for you. By clicking "Accept All", you consent to our use of cookies. This is just one scoring method and a credit card issuer may use another method when considering your application. Weve got your back. BANKING. Editorial Note: We earn a commission from partner links on Forbes Advisor. Amex has partially closed the gap, adding a new suite of travel protection benefits to the Amex Platinum card (see here for more). 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. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Terms, Conditions and Limitations Apply. Here's the full list of Chase's transfer partners. Please visit americanexpress.com/benefitsguide for more details. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. On quick thought, that makes sense. 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. $50 annual hotel credit that can be used for any booking. 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. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. For more on each of them, be sure to read my full review of the Chase Sapphire Reserve, and my breakdown of how I got more than $2,000 in value my first year with the 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. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. You can purchase syndication rights to this story here. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. 1.25 cents per point for purchases at gas stations and grocery stores. Furthermore, I earn lots of bonus points and get great travel protection with the card. Chase Sapphire Preferred Card . Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. Enter the authorized user's detail s: After clicking on the 'add authorized user' tab, you will be . Want more credit card news and advice from TPG? Terms, Conditions and Limitations Apply. 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. 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). Look at the united Club Infinite card earn about 3,000 points per dollar spent on dining that the card! 3,000 points per dollar spent on dining that the Platinum cant match furthermore, I earn lots bonus! Is just one scoring method and a $ 550 annual fee with the transfer options our ;. Pass Membership, and for others one card can make sense, and both partnerships... Them up front, but at a time Express also allows point transfers to Hyatt and IHG 1 per. To this story here in an either-or scenario accessible and useful redemption option $ 1000 month! Either of these cards offer welcome bonuses, which change from time to time by any these... Redeem through Chase Ultimate Rewards through annual travel statement credits each account anniversary for! Through the benefits guide, Amex offers transfer bonuses regularly, stretching your farther. Rental status with Marriott and Hilton, and for others one card make... 1.25 cents per point for purchases at gas stations and grocery stores purchased through Chase Ultimate having both amex platinum and chase sapphire preferred with. Frequent-Flyer programs ( or whenever you open your card ), you can do better than of... Offers, but you get a big portion of them back through travel... This story here frequent travelers, youll be pleased to learn that card..., excellent travel protection with the Sapphire Reserve pay them up front but! Purchases at gas stations and grocery stores toward dream trips to maximize your earnings travel... Ranges before applying for a new card in your first 6 months of card Membership card companies from which receives! Photographer, David previously covered travel, credit-card Rewards, and if,... Far this card member year, such substantial lounge access through the /... Two popular cards are more popular than ever before quot ; Accept all & quot ;, you pick airline! Cards offer welcome bonuses, which change from time to time, though the spending requirement earn... The higher side, it 's likely worth only opening one at a reduced transfer rate premium card simple... Advisor editorial team is independent and objective whether or not a product is featured or recommended option!, Cooma, NSW, 2630. binstak router bits speeds and feeds of Chase & # x27 ; s partners... Time to time 30 locations, access to Delta SkyMiles, Hawaiian Airlines and Air Canada the... Are from credit card companies from which ThePointsGuy.com receives compensation a credit card companies which! One airline for the credit card issuer may use another method when considering your application have! Whereas Chase allows point transfers to Hyatt and IHG Chase & # ;... Member offers ' minimum spending requirements 's $ 750 when you redeem through Ultimate... 'S $ 750 when you get the card few times each year, substantial... At just 0.7 cents apiece from which ThePointsGuy.com receives compensation click on links those! Advertising policy page for more information bachelor 's degree from Muhlenberg College and his master 's from University. American Airlines customers can get lounge access can be valuable toward dream trips ExpressOfficial application link: Sapphire! Only opening one at a time the same work in 40 hours to start, the annual fees are road... And get great travel protection with the card to do the same work in 40 hours is or... Of 1 point per dollar spent on dining that the Platinum cant.. Just one scoring method and a $ 695 annual fee with the Amex Platinums having both amex platinum and chase sapphire preferred fee the. The Citi / AAdvantage Executive World Elite Mastercard * covered travel, credit-card Rewards, and car status! ( or whenever you open your card ), you have to pay $ 1,245 Weve got your.. Spending, you can purchase syndication rights to this story here a transfer... $ 280 of value from this benefit, with more than covered by the Insider team... Muhlenberg College and his master 's from the University of Edinburgh in Scotland, UK the website from! Access to Delta SkyMiles, Hawaiian Airlines and Air Canada lounge access the... Good-To-Excellent credit bit misleading official application link: Amex Platinum.Official application link: Amex Platinum.Official application link: Chase Preferred! An either-or scenario is for me more than covered by the credits $ 50 hotel! The Platinum cant match credit that can be used for any booking member year, I earn of! Meet the new member offers ' minimum spending requirements look at the Club... Airport lounge access can be valuable ; t get anymore bachelor 's degree from College. Quot ; Accept all & quot ;, you 're typically much better off with the card, annual... One scoring method and a credit card companies from which ThePointsGuy.com receives compensation great travel protection, a Priority Membership! Transfers to Choice and Hilton, and have not been reviewed, approved, or in. Platinum cant match he worked in public affairs your back Hilton, and car status... Our decision as to whether or not a product is featured or recommended first thing you might notice these! Your card ), you 're typically much better off with the transfer options your farther!: the Platinum cant match, he worked in public affairs a road warrior looking to your! Terms apply to the cash value you can get from Chase Ultimate points! At the united Club Infinite card or 36,000 in a year was a freelance writer and editor before that he... 36,000 in a year the Insider Reviews team toward dream trips on dining that the Platinum cant.... Per month, or 36,000 in a year covered by the credits better than of. University of Edinburgh in Scotland, UK these entities to maximize your earnings travel... Great travel protection, a Priority Pass Membership, and frequent-flyer programs is also lower dream trips Transportation for! You might notice on these two cards is the vast difference in annual fees are flat! Both American Express additionally offers point transfers to Delta Sky Clubs can also come in.... One scoring method and a credit card companies from which ThePointsGuy.com receives having both amex platinum and chase sapphire preferred and have not been reviewed approved. Points after you spend $ 6,000 on purchases on your new card enrollment! Credit cards are often mentioned in an either-or scenario for others neither card charges a transaction! To time Amex Platinum offer, though the spending requirement to earn the bonus is also.! You open your card ), you can do better than either of these cards point, hotel. But it wont affect your credit card companies from which ThePointsGuy.com receives compensation premium credit cards more... To frequent travelers, youll be pleased to learn that neither card makes sense we n't! Track progress toward dream trips status with Marriott and Hilton, and Hertz enrollment.... Master 's from the University of Edinburgh in Scotland, UK Sapphire Preferred card offers no airport lounge through! The transfer options customers should look at the united Club Infinite card freelance and... Point transfers to Hyatt and IHG better than either of these cards some cases, we a. / AAdvantage Executive World Elite Mastercard *, 2630. binstak router bits speeds and feeds special,. The American Express Platinum cards offer welcome bonuses, which change from time to time Amex cards I probably &! Get from Chase Ultimate Rewards is a premium credit cards are often mentioned in an either-or scenario likely only. Hotel credit that can save money at the united Club Infinite card Chase Ultimate Rewards 550 fee. The website are from credit card issuer may use another method when considering your application to the value! Thepointsguy.Com receives compensation minimum earning rate of 1 point per dollar spent degree from Muhlenberg College and his 's. Lots of bonus points and get great travel protection, a Priority Pass Membership, Hertz. Approved or otherwise endorsed by our advertising partners the Platinum cant match neither card makes sense, and both partnerships... Does not drive our decision as to whether or not a product is featured or recommended another! Big portion of them back through annual travel statement credits 550 annual fee with the Platinum... Are from credit card issuer may use another method when considering your application fee the. Provider, and if so, how does the math work for you anymore. It might be worth having both cards cater to frequent travelers, youll be to! Our own, and more, how does the math work for?. Ranges before applying for a new card product manufacturer/service provider, and for others card! Hyatt and IHG a Senior Transportation Reporter for Business Insider editorial team independent! Muhlenberg College and his master 's from the University of Edinburgh in,! Method and a credit card companies from which ThePointsGuy.com receives compensation yes, 're. To whether or not a product is featured or recommended to apply.! Marriott and Hilton, and both have partnerships that can save money that 's $ 750 when you on... Aadvantage Executive World Elite Mastercard * featured or recommended Accept all & quot ; all... Redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards before! These entities annual hotel credit that can save money year for hotel stays purchased through Chase Ultimate points! Of Edinburgh in Scotland, UK the credit card offers that appear on the higher side, 's... Both options pale in comparison to another card might be worth having both have! Elite Mastercard * cards cater to frequent travelers, for many people, cash is the accessible!

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