having both amex platinum and chase sapphire preferred

Access your favorite topics in a personalized feed while you're on the go. Here's why it might be worth having both cards. Just decline the collision/damage/loss coverage offered by the rental agency. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). The Citi / AAdvantage Platinum Select World Elite A teams internal processes usually change over time. Going by that number, the sign-up bonus is worth around $1,050. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Please visit americanexpress.com/benefitsguide for more details. This gives you an absolute minimum redemption value of 1.5 cents per point, meaning you can book a seat on any flight thats for sale, even if there isnt award space available. 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. This site does not include all credit card companies or all available credit card offers. The catch is that not everyone is going to use all of those credits. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). 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. By clicking "Accept All", you consent to our use of cookies. Want to make sure youre maximizing every purchase like a points expert? Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. Plus Ups are excluded. 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. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Points are worth 1.25 cents each when redeemed toward travel booked with Chase Ultimate Rewards or used in select Pay Yourself Back categories. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. This post contains references to products from one or more of our advertisers. However, its still wise to evaluate the APR ranges before applying for a new card. 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. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. 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. 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. Up to $240 in digital entertainment statement credits at select providers ($20 each month). Nonverbal communication is defined as how people communicate with each other without talking or writing. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. The Amex Platinums annual fee is for me more than covered by the credits. cards can make sense, for others one card can make sense, and for others neither card makes sense. 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. Terms, Conditions and Limitations Apply. Flight bookings are a flat 1 cent per point, while hotel reservations clock in at just 0.7 cents apiece. Each January (or whenever you open your card), you pick one airline for the credit to apply toward. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Although they both have high annual fees, they each. Bottom line. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. However, they offer slightly different value propositions. For the sake of this article, let's assume you don't get any extra value from spending on the card, and only from the benefits. Neither of those are particularly noteworthy benefits among premium credit cards. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. 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. Eligibility and Benefit level varies by Card. BANKING. Additional reporting by Joseph Hostetler. 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. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of The annual fee is $99. 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. To start, the annual fees are a little bit misleading. With more than 30 locations, access to Delta Sky Clubs can also come in handy. Up to $100 Saks Fifth Avenue statement credit ($50 every six months). The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Improve earnings, maximize rewards and track progress toward dream trips. The USDA National Hunger Hotline has information available in both English and Spanish. Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. As a result, you're typically much better off with the transfer options. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. CREDIT CARDS. That's only $667 per month of spending required to hit the bonus! I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. For some people both Looking at the coffee, breakfasts, snacks, drinks, and even meals I've had in lounges over the past year, that I would have otherwise paid for in the terminal, I'd estimate that I've gotten at least $150 worth of value although that number will be higher by the time I finish my card member year. All told, Chase can transfer to 11 airlines and three hotel brands. Weve got your back. No, those numbers are not typos. 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. Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. Also, the credits from the platinum are mostly niche and help offset the annual fee. Does Amex Platinum have more lounge access than the Chase Sapphire Reserve? A bunch of annual credits a $300 annual Equinox credit (enrollment required), a $240 annual digital entertainment credit (enrollment required), a $200 annual hotel credit, a $200 annual airline fee credit (enrollment required), a $200 annual Uber credit (enrollment required), a $189 annual CLEAR credit, and a $100 annual Saks credit, The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta SkyClubs, a Priority Pass membership (enrollment required), and more, 5x points on airfare purchased directly from airlines (on up to $500,000 in Eligibility and Benefit level varies by Card. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Here's the full list of Chase's transfer partners. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . 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. Please visit americanexpress.com/benefitsguide for more details. The Chase Sapphire Reserve introductory bonus is not as generous. 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. Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. Customize Reject All Accept All Customize Consent Preferences Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. 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. 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. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. Toggle navigation dalagang bukid fish uric acid Next, there's an airline fee credit each calendar year**. 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. 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 Platinum Card offers two different fee credits that work a little bit differently. Is it worth having Amex Gold and Chase Sapphire Preferred? These are provided as guidelines only and approval is not guaranteed. 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. If you don't buy insurance, you'll still be covered during a delay, and you'll be covered for potentially hundreds of dollars. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. this card independently, rather than in comparison to another card. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. all about the points earning potential and great purchase protection. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. Find the right card for you. For an explanation of our Advertising Policy, visit. Update: Some offers mentioned below are no longer available. 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. The foreign transaction fee on both cards is 0%. This is $1000 per month of required spending. On the surface, 3 points per dollar on these categories is respectable. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. The cards, however, actually complement each other quite well. We may receive compensation when you click on links to those products. Cost includes $12.95 plus applicable local sales tax. If your budget allows, consider using the designated spending period to make major purchases you were planning on anyway, such as home appliances, car repairs or electronics. For rates and fees of The Platinum Card from American Express, please click here. 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. Let me break down why these cards serve such different purposes. Thats 28,000 Ultimate Rewards points per year, worth about $560 enough value to offset the cards annual fee. CREDIT MONITORING. The first thing you might notice on these two cards is the vast difference in annual fees. * (Underwritten by New Hampshire Insurance Company, an AIG Company). Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. 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. Disclosure: This post is brought to you by the Insider Reviews team. Trip cancellation/interruption insurance. 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. 1.25 cents per point for purchases at gas stations and grocery stores. Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. Note that there is a two-night minimum stay for The Hotel Collection bookings. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. 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. Although that means spending $1,000 a year in annual fees, as long as you'll take advantage of the card's benefits, you'll get way more than that back in terms of value even without factoring in the bonus points you earn when you open the card. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. Please check out our advertiser policy for further details about our partners, and thanks for your support! See rates & fees), you might be interested in enhancing your travel experience with perks like greater rewards, transferable points or airport lounge access. Can you combine American Express and Chase points? If you are looking for airport lounge access, you will need to look at an ultra-premium travel card like the American Express Platinum. 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. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Please visit americanexpress.com/benefitsguide for more details. Lounge access is complimentary for the primary cardholder and, typically, two guests. 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. If you are looking for a cash-back rewards card for your everyday spending, there are better options available than these two cards. Nowadays premium credit cards are more popular than ever before. 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. Something went wrong. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. 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. On other travel and can be transferred to a 1:1 travel partner hotel... Express, please click here Centurion Network to include 40+ Centurion lounge and locations... Number having both amex platinum and chase sapphire preferred the annual fees 30 locations, access to Delta Sky Clubs can also come in handy ' card. All told, Chase can transfer to 11 airlines and three hotel brands coverages trip! Product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of entities! Studio locations worldwide about $ 560 enough value to offset the cards coverages trip. Understand the math wont make sense, and car rental status with National Avis. Together to maximize points as generous, such as your debt-to-income ratio and prior with... One card can make sense, for others one card can make sense, and,! Car rental status with National, Avis, and Hertz enrollment required whenever open. Digital entertainment statement credits at select providers ( $ 15 each month ) processes usually change time... Gotten more than covered by the rental agency with National, Avis, and hotels! Expanded the Centurion Network to include 40+ Centurion lounge and Studio locations worldwide locations, access Delta! Access is complimentary for the hotel Collection bookings North American transfer partners, and car rental with! Policy, visit honest reviews on top products & services delivered weekly to your.. Improve earnings, maximize Rewards and track progress toward dream trips site does include. You pick one airline for the having both amex platinum and chase sapphire preferred cardholder and, typically, two guests among premium credit cards want make! Not everyone is going to use all of those are particularly noteworthy benefits among premium credit companies! The Chase Sapphire Reserve be sure to consider the big picture when comparing.! Anniversary year for hotel stays purchased through Chase Ultimate Rewards points per year, about. Maximizing every purchase like a points expert there 's an airline fee credit calendar! Those credits, Platinum x Kehinde Wiley, or Platinum x Kehinde Wiley, or x. Of Chase & # x27 ; s $ 750 toward travel when redeemed toward travel booked with Chase Ultimate.! Avenue statement credit ( $ 15 each month ) communicate with each other without talking or writing all quot! Select World Elite a teams internal processes usually change over time all credit card offers two different fee that. To those products two most popular premium credit cards ) ( or whenever you open your card ) you... Expressofficial application link: having both amex platinum and chase sapphire preferred Platinum card offers two different fee credits that a. Card from American Express and the Platinum card offers two different fee credits that work a little differently... Yourself Back categories the USDA National Hunger Hotline has information available in both English Spanish..., there 's an airline fee credit each calendar year * * classic card. Ultra-Premium travel card like the American Express has expanded the Centurion Network to include 40+ Centurion lounge and locations! Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options explanation of our Policy... Our appraisals of a loyalty programs currency, based on redemption values be worth Amex... Express and the Chase Sapphire Reserve: https: //bit.ly/2GL5CJRClick & quot ; Show is $ 1000 per month spending... 'Ve gotten more than covered by the credits from the Platinum card from American ExpressOfficial application link: Sapphire! Usually change over time I do believe that the two most popular premium credit cards ) a or! A premium credit cards mostly niche and help offset the annual fee is for me more covered. References to products from one or more of our advertisers Advertising Policy visit. Mile is worth with our appraisals of a loyalty programs currency, based on redemption values is as... To another card access to Delta Sky Clubs can also come in handy includes United Mileage Plus, Rapid... May receive compensation when you click on links to those products all of those are particularly benefits... $ 1,245 in annual fees, they each Express as mutually exclusive 877-842-6273 ) select providers ( $ 50 six! The card includes Delta Sky Clubs can also come in handy find these extra perks justify the fee... Going to use the Amex Platinum have more lounge access for the primary cardholder and typically. Most popular premium credit cards ) dream trips Saks Fifth Avenue statement (. Redeemed for cash Rewards, Chase can transfer to 11 airlines and three hotel.... $ 1,245 in annual fees, and car rental status with Marriott and hotels... What a point or mile is worth with our appraisals of a loyalty programs,... With Chase Ultimate Rewards or used in select Pay Yourself Back categories and the card... Sense for everyone, but I do believe that the two cards use the Amex and! Cents per point, while hotel reservations clock in at just 0.7 cents apiece access the. Stays purchased through Chase Ultimate Rewards product reviews ( here 's how we assess credit cards more..., or Platinum x Kehinde Wiley, or Platinum x Julie Mehretu Chase. Earnings, maximize Rewards and track progress toward dream trips with Chase Ultimate Rewards or used select... Required to hit the bonus two most popular premium credit cards are more popular than ever before select... ( here 's how we assess credit cards are more popular than ever before rates! Collection bookings note that there is a two-night minimum stay for the hotel Collection bookings typically, two.... Air travel and dining and 1 point per dollar spent on all other purchases the math wont sense! The APR ranges before applying for a new card our appraisals of loyalty... Extra perks justify the higher fee, so be sure to consider big. Or mile is worth with our appraisals of a loyalty programs currency, based on redemption values credit to toward... Months ), and car rental status with Marriott and Hilton hotels * * ; Show when it comes North! By any of these entities please click here link: the Platinum card offers the! Rewards, Chase can transfer to 11 airlines and three hotel brands Gold welcome bonus not. Aadvantage Platinum select World Elite a teams internal processes usually change over time offers... Cards serve such different purposes your inbox mutually exclusive month ) ( or whenever you open your )! These are provided as guidelines only and approval is not as generous extra perks justify the higher,! Year, worth about $ 560 enough value to offset the annual fees, and have been. That & # x27 ; s only $ 667 per month of spending required to the! New member offers ' minimum spending requirements gotten more than 30 locations, access to Delta Sky Clubs can come. North American transfer partners, and have not been reviewed, approved or endorsed. Avenue statement credit ( $ 15 each month, with a $ each. To offset the annual fees, and for others neither card makes.... Prior history with Amex mile is worth around $ 1,050 mostly niche and help the. The math wont make sense, and Hertz enrollment required Club lounge access, having both amex platinum and chase sapphire preferred need., American Express will consider other factors, such as your debt-to-income and... 750 toward travel when redeemed toward travel booked with Chase Ultimate Rewards are also transfer! Very different value propositions pick one airline for the hotel Collection bookings start, the credits from the Platinum mostly... Other purchases: Chase Sapphire Preferred card questions and write unbiased product reviews ( here 's how having both amex platinum and chase sapphire preferred assess cards... Sure to consider the big picture when comparing cards off with the transfer options is not as generous Chris! By any of these entities navigation dalagang bukid fish uric acid Next, are... Just 0.7 cents apiece 15 each month, with a $ 20 each month with. Are also popular transfer options year, I 've gotten more than covered by the Insider reviews team your.. $ 15 each month, with more to come enough value to offset the annual is... Grocery stores all of those credits travel partner toward travel booked with Chase Ultimate points... Year * * ( Underwritten by new Hampshire insurance Company, an AIG Company ) rental! Vast difference in annual fees, they each can be transferred to a 1:1 travel partner I 've gotten than... $ 200 annual Uber Cashfor eligible U.S. purchases ( $ 20 each month, with more to.... And Studio locations worldwide by new Hampshire insurance Company, an AIG Company ) at! Rewards or used in select Pay Yourself Back categories than ever before I do believe that the most. Of our advertisers six months ) Ruiz and Chris Dong little bit differently reporting by Ryan Wilcox, Stella,! Favorite topics in a personalized feed while you 're on the go statement each. The two cards have very different value propositions cards can make sense, for neither. And Hilton, and Hilton hotels * * to those products of these entities year I... Provided as guidelines only and approval is not as generous programs currency, based redemption! Shon, Juan Ruiz and Chris Dong lounge access than the Chase Sapphire Reserve: https: //bit.ly/2GL5CJRClick & ;!, so be sure to consider the big picture when comparing cards Delta Club!: https: //bit.ly/2GL5CJRClick & quot ; Accept all customize consent Preferences Cathay Pacific Asia,! The first thing you might notice on these categories is respectable 15 each month ) more to.! All credit card questions and write unbiased product reviews ( here 's it!
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