I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. On quick thought, that makes sense. Since Amex only allows you to earn a welcome offer on each of its cards once per lifetime, it might be tempting to hold off on applying for the Amex Platinum in hopes that you may be targeted through CardMatch for a higher bonus at some point in the future. To me, the only thing that the Amex Platinum and Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. The Chase Sapphire Preferred doesn't offer 5X on "all" airfare like Amex Platinum, but again, it's a $95 a year card, instead of $695 like Amex Platinum. The Platinum Card earns 5x points per dollar spent on flights purchased directly from the airline or Amex Travel, or pre-paid hotel bookings made through Amex Travel (starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year), and one point per dollar on everything else. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. Plus, your own feed of TPG content. fee and offers: Read a full review of the Chase Sapphire Reserve Card, and read my take on whether the Chase Sapphire Reserve is independently worth it. It also has an equally broad 3 points per dollar spent on dining that the Platinum cant match. But who wants to pay $1,245 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. 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. Neither of those are particularly noteworthy benefits among premium credit cards. TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Please view our advertising policy page for more information. The USDA National Hunger Hotline has information available in both English and Spanish. Learn More Terms Apply. Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. Theyoffer snacks, breakfast, complimentary soft and alcoholic drinks, sometimes more substantial food during meal times, fast Wi-Fi, and spacious, comfortable seats so that you can relax before your flight. 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. Points transfer to participating partner programs at a 1:1 ratio. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. When you use points that way, and you're a Chase Sapphire Reserve cardholder, you can get a 50% bonus in other words, each point will be worth 1.5 instead. These are the best publicly available offers (terms apply) that we have found for each product or service. 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. Card Members are responsible for the costs charged by third-party service providers. And we haven't even gotten to the rewards yet. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please visit americanexpress.com/benefitsguide for more details. Improve earnings, maximize rewards and track progress toward dream trips. Terms, Conditions and Limitations Apply. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. However, they offer slightly different value propositions. With that out of the way, here are the various perks, benefits, and points options from each card that offer value against that $150. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. Get our daily email for the latest in travel, flight deals, and how . If you fly even just a few times each year, such substantial lounge access can be valuable. The Chase Sapphire Reserve offers up to a $300 travel credit each card member year. Underwritten by New Hampshire Insurance Company, an AIG Company. 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. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. 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. For example, dining includes many takeout, delivery and fast food options and travel includes hotels, airfare, car rentals, cruises and most travel agency bookings. The Amex Platinums annual fee is for me more than covered by the credits. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. That's only $667 per month of spending required to hit the bonus! See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. I get near full value out of the: Thats $879 worth of credits that Im more or less maximizing, The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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 youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card. If youre anything like me, the math may make sense on both cards. 1.25 cents per point for purchases at gas stations and grocery stores. 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. Like individuals, teams develop their skills, the more they use them. However, Amex offers transfer bonuses regularly, stretching your balance farther. Two of the most popular of these cards areThe Platinum Card from American ExpressandChase Sapphire Reserve Card, and I know a lot of people struggle to decide which card is a better fit. Ultimate Rewards has a real edge for hotel bookings because of its partnership with World of Hyatt, where free nights start as low as 3,500 points per night. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. Money. 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 If you are a road warrior looking to maximize your earnings on travel spending, you can do better than either of these cards. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. Please visit americanexpress.com/benefitsguide for more details. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. Let me break down why these cards serve such different purposes. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. 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. The card has an annual fee of $150 and earns 3 points per dollar on restaurant purchases, 3 points per dollar on travel including flights, hotels, transit, taxis, tours, and ridesharing services and 1 point per dollar on other purchases, which can quickly add up if you are spending thousands of dollars on travel every month. 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. Chase Sapphire Reserve $300 annually, automatically applied to travel spending. 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. The annual fee is $99. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. 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. Enrollment required. The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. Lets say youre spending $5,000 on both airfare and dining combined each year, $1,000 on hotels or cruises and $10,000 on non-bonus spending. When discussing the top premium travel rewards cards on the market, the Chase Sapphire Reserve and The Platinum Card from American Express are usually top of mind. 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. 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