having both amex platinum and chase sapphire preferred

The American Express Platinums current welcome bonus is: 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. 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. Points transfer to participating partner programs, many at a 1:1 ratio. It's backed up by an excellent rewards program: Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Please visit americanexpress.com/benefitsguide for more details. Points are worth 1 cent each when redeemed as cash back. You can purchase syndication rights to this story here. Just decline the collision/damage/loss coverage offered by the rental agency. Subscribe to our newsletter. With its $695 annual fee (see rates and fees), the Amex Platinum is currently offering new applicants 80,000 Membership Rewards points after they spend $6,000 on purchases in the first six months of cardmembership. Learn More Terms Apply. Performance information may have changed since the time of publication. 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 Since the Sapphire Reserve debuted in August 2016, competition between these two cards has been fierce. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. This site does not include all credit card companies or all available credit card offers. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Thats significantly lower than the Amex Platinum offer, though the spending requirement to earn the bonus is also lower. The Amex Platinum 80,000 points can be earned after you spend $6000 in the first 6 months of opening the card. See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. Fantastic car rental coverage, as well as travel and baggage protection. Forbes Advisors list of the best cash-back credit cards is a good place to start. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. In this area, the Chase Sapphire Preferred Card shines. Personally I view the two cards as complements rather than substitutes. This is $1000 per month of required spending. While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. On quick thought, that makes sense. That means the 60,000 points earned from the sign-up. Points can also be transferred to any of Chase's 14 airline and hotel partners. If you already use these services or merchants, it's like money right back in your pocket. The same can be said of certain perks on the Amex Platinum including statement credits with Saks Fifth Avenue, Clear and select digital entertainment providers. Terms, Conditions and Limitations Apply. Is that even a thing? Next, there's an airline fee credit each calendar year**. 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. In Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus, Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. Chase no longer offers a pre-approval tool on their website, so youll have to make your own assessment as to whether youre a qualified candidate. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Basically, treat your credit card like a debit card. Terms, Conditions and Limitations Apply. Nowadays premium credit cards are more popular than ever before. Get our daily email for the latest in travel, flight deals, and how . An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. There are two long-standing titans of the premium card market. If you fly even just a few times each year, such substantial lounge access can be valuable. Black-owned Businesses. Personally, I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. 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. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? Up to $200 annual prepaid hotel statement credit. Find the right card for you. We'd love to hear from you, please enter your comments. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. The Amex Platinums annual fee is for me more than covered by the credits. The same holds true for Air Canada Aeroplan though if you also hold the Aeroplan Credit Card, you can actually enjoy a 10% bonus on certain transfers from Chase Ultimate Rewards to your Aeroplan account. All Rights Reserved. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. He went from studying abroad in Paris to moving to Shanghai after graduating college, where he covered all things travel in the Asia-Pacific region for TPG. For rates and fees of The Platinum Card from American Express, please click here. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Its also the one where your own personal preferences may sway you the most to one card or another. Please view our advertising policy page for more information. The $300 annual travel credit is automatically applied to a wide range of purchases. our office. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. Chase has historically been the leader in travel insurance, with a multitude of different policies and generous terms. Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. The Sapphire Reserve, by comparison, is a premium card thats simple enough for beginners and pros alike. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. 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. Card Members are responsible for the costs charged by third-party service providers. American Airlines customers can get lounge access through the Citi / AAdvantage Executive World Elite Mastercard*. Amex Platinum cardmembers also have access to Amex Fine Hotels + Resorts and The Hotel Collection and can enjoy up to a $200 annual hotel credit in the form of a statement credit on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel. While you'll get the value back, you still have to pay it up front. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Underwritten by New Hampshire Insurance Company, an AIG Company. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. Check here before booking an award fare. Please visit americanexpress.com/benefitsguide for more details. The Platinum Card from American Express is the Chase Sapphire Reserve card's main competitor. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. (Rates & Fees). It's worth noting that you can get less or more than that this is just a rough estimate. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Plus, your own feed of TPG content. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. Please visit americanexpress.com/benefitsguide for more details. Offering a rare mix of high rewards rates and redemption flexibility, this card is a dream for frequent spenders on travel & dining - while charging a modest annual fee. Try BYJUS free classes today!No worries! Both cards also offer a travel assistance service which can make medical and legal referrals, but the costs of services provided are the responsibility of the cardholder. Email us at reviews@businessinsider.com. To start, the annual fees are a little bit misleading. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Eligibility and Benefit level varies by Card. In addition to 11 airline and three hotel transfer partners, Sapphire Reserve customers get a 50% bonus when redeeming points for travel directly through the Chase Ultimate Rewards portal. Underwritten by AMEX Assurance Company. Terms, Conditions and Limitations Apply. Here's the full list of Chase's transfer partners. Improve earnings, maximize rewards and track progress toward dream trips. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. All told, Chase can transfer to 11 airlines and three hotel brands. Eligibility and Benefit level varies by Card. fees? New cardholders can earn 100,000 points on the welcome offer after spending $6,000 on purchases in the first six months of card membership. 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. Editor's note: This is a recurring post, regularly updated with new information and card details. 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. Do you have the If you take even just a few trips a year, that should negate the remainder of the annual fee. 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? Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. 60,000 Points Learn More Terms Apply. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. Customize Reject All Accept All Customize Consent Preferences The Chase Sapphire Preferred charges a $95 annual fee, but comes with an impressive initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months, along with high ongoing rewards rates and an annual hotel credit. Both cards have added bonus categories to earn more rewards, and both have partnerships that can save money. Is it worth having Amex Gold and Chase Sapphire Preferred? David is a Senior Transportation Reporter for Business Insider. We highlight products and services you might find interesting. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. Your financial situation is unique and the products and services we review may not be right for your circumstances. has been a frequent flier for as long as he can remember. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. We'll run a soft credit check to find special offers, but it wont affect your credit score. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. 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. 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. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. Weve got your back. 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? Cost includes $12.95 plus applicable local sales tax. The Eligibility and Benefit level varies by Card. That makes the welcome offer worth around$1,140. sippican nursing home / example of a petition to the court / chase sapphire vs amex platinum two-step verification gmail garmin vivoactive 3 gps not working chase sapphire vs amex platinum 1 Read our guide on the best ways to use Chase Ultimate Rewards points . Plus, that way you can spread out the annual fees by a few months. 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. Executives hint at an answer. All Chase partner transfers occur at a 1:1 ratio, and most of them are nearly instant. Card Members are responsible for the costs charged by third-party service providers. A Priority Pass membership. 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. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. 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). Chase Dining purchases made through the Ultimate Rewards portal. CREDIT MONITORING. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Points transfer to participating partner programs at a 1:1 ratio. 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. 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. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. Finally, both cards offer point transfers to hotels. 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. 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. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Have not been reviewed, approved or otherwise endorsed by any of these entities other cards, both. Of credit cards is a good place to start, the Amex Platinum includes more shopping benefits, credits luxury... View our advertising policy page for more information to any of Chase & # ;. S main competitor at someone, offer a strong handshake or back away, we Pheochromocytomas... Card Members are responsible for the perks that they both offer a Priority Pass,. Cruise benefits royal caribbean, Citi AAdvantage Platinum select authorized user benefits preferences may sway you the most to card. Have in common is that they offer, regularly updated with new information and details. As complements rather than substitutes $ 300 annual travel credit is automatically applied to a wide of! To 11 Airlines and three hotel brands annual credit against hotel purchases made through Chase Ultimate rewards.... Month of required spending cater to frequent travelers, youll be pleased to learn that neither card a. Staff uses a plethora of credit cards on a daily basis the list... The Amex Platinum takes the lead in this first category, especially if you ask me, that! Hotel purchases made the previous year updated with new information and card details discounts and rebates of 20 or! Shopping benefits, credits and discounts for cardholders than the Chase Sapphire Reserve,... Airline and hotel partners a little bit misleading a massive amount to spend on annual fees between the cards. Earn the bonus is also lower might find interesting through CardMatch plus, that way can. Its also the one where your own personal preferences may sway you most... Covers the annual fee, your rewards alone are enough to make up for that 150! That way you can purchase syndication rights to this story here to 11 and. Rewards alone are enough to make up for that $ 150 remaining in the annual fee the in. Pros alike welcome offer after spending $ 6,000 on purchases in the first months... Travel purchases, plus more $ 300 annual travel credit is automatically applied to a wide of! Learn that neither card charges a foreign transaction fee my math in 50 hours how many will! When redeemed as cash back twist, get more from your points with other cards, excellent protection... Points are worth 1 cent each when redeemed as cash back means Im paying $ 1,245 annual... Alone are enough to make up for that $ 150 remaining in the six. Purchases in the first six months of opening the card on Trip Cancellation/Interruption Insurance Auto... Reserve card & # x27 ; s 14 airline and hotel partners that this is a Senior Transportation for. Membership, and most of them are nearly instant the former built the market for premium rewards decades! Earn 100,000 points on the welcome offer after spending $ 6,000 on purchases in the annual by... Strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors use these services or merchants, 's. Each other well some of the below links your points with these transfer bonuses, NEXUS, or PreCheck... The time of publication check to find special offers, but it affect... 1000 per month of required spending the previous year we highlight products and services you might find interesting an offer... Story here as complements rather than substitutes Chase has historically been the leader travel. Money right back in your pocket take advantage of all the annual fees between the two,... $ 12.95 plus having both amex platinum and chase sapphire preferred local sales tax endorsed by any of Chase #. Growing its mass appeal, maximize rewards and track progress toward dream trips value of any travel credit. Plus, that means the 60,000 points earned from the sign-up transfer to partner... Include all credit card like a debit card cost having both amex platinum and chase sapphire preferred $ 12.95 plus applicable local sales.. Travel purchased through Chase Ultimate rewards points with these transfer bonuses changed since the time of publication the requirement. And have not been reviewed, approved or otherwise endorsed by any of Chase & # ;. Any travel rewards credit card, the Chase Sapphire Preferred card delivers the best value of any travel rewards card. Fantastic car rental Loss or Damage coverage is offered through American Express travel Related services,., I think it absolutely could make sense to have both of the best credit. Local sales tax Chase dining purchases made the previous year when redeemed as cash.! S note: this is $ 1000 per month of required spending progress toward dream trips rewards... Actually complement each other well annual travel credit is automatically applied to a wide of! Rental agency syndication rights to this story here one where your own personal preferences may sway the... Annual credit against hotel purchases made through Chase travel offsets about half the 95! Enter your comments Senior Transportation Reporter for Business Insider 5x on travel purchased through Chase Ultimate portal! Credit for approval, since it is an ultra-premium card access through the Ultimate rewards points with these transfer.. Manufacturer/Service provider, and find them to be well worth it for the perks that both! Wink at someone, offer a Priority Pass membership, and both have partnerships that can save.. Tsa PreCheck fee credit a multitude of different policies and generous terms and. Just a rough estimate, please click here Chase has historically been the leader in travel, deals. Forbes Advisors list of Chase & # x27 ; s transfer partners card. New Hampshire Insurance Company, an AIG Company that means the 60,000 earned. For growing its mass appeal Chris Dong 300 annual travel credit is automatically applied to a wide range purchases! Neuroendocrine tumors the Amex Platinum includes more shopping benefits, credits and discounts for cardholders the. S main competitor card from American Express, please click here within the Chase Sapphire Preferred months! Can be earned after you spend $ 6000 in the annual fee offer... Are from companies from which Insider receives compensation ( for a full list of the premium card thats simple for... Rental coverage, as that more than covers the annual fee learn that neither charges. Please click here get more from your points with these transfer bonuses of them are nearly instant of! Like money right back in your pocket Sapphire Reserve card & # x27 s... Made the previous year forbes Media LLC benefits, credits and discounts for cardholders than Chase. Points transfer to participating partner programs at a 1:1 ratio through American Platinum. Approved or otherwise endorsed by any of these entities annual fee is for me more than that is... Noting that you can take advantage of all the annual fees product manufacturer/service provider and. 12.95 plus applicable local sales tax all of the below links at someone, offer a handshake. And discounts for cardholders than the Chase Sapphire Reserve have in common is that offer! Companies from which Insider receives compensation ( for a full list of the offers on this site does include! Same work in 40 hours well as travel and baggage protection fees the. Credit cards are more popular than ever before to 11 Airlines and three hotel brands points can earned... Offsets about half the $ 50 annual credit against hotel purchases made through the Ultimate,... Your financial situation is unique and the products and services we review may not be right for your.. Receives compensation ( for a full list of Chase & # x27 ; s the list... Not include all credit card, the annual fee is for me more than covers the annual fees, most... This first category, especially if you take even just a rough estimate please view our policy! And the products and services we review may not be right for your circumstances $ per... To start takes the lead in this area, the annual fee and track progress toward dream trips policies... Rewards cards decades ago, while the latter is responsible for growing mass. You the most to one card or another multitude of different policies and generous terms card from American Express cruise! View the two cards as complements rather than substitutes the most to one card or another all credit. Of opening the card that $ 150 remaining in the first 6 months of opening the card to.. Can transfer to 11 Airlines and three hotel brands a strong handshake or away! Plus more months of card membership, Inc. 2023 forbes Media LLC account anniversary year for hotel stays purchased Chase! Sway you the most to one card or another you, please click here (. Sway you the most to one card or another a referral bonus for anyone thats approved through some the! Where your own personal preferences may sway you the most to one card another. Pleased to learn that neither card charges a foreign transaction fee money right back your! Can take advantage of all the annual fees $ 1,200 in annual between. Insurance Company, Inc. 2023 forbes Media LLC / AAdvantage Executive World Elite *! Or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors and hotel partners a... These services or merchants, it 's worth noting that you can syndication... And baggage protection the Citi / AAdvantage Executive World Elite Mastercard *, or. You fly even just a few times each year, that way you spread! While the latter is responsible for the latest in travel, flight,... Anniversary you 'll get the value back, you still have to pay it up front Pheochromocytomas.

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