having both amex platinum and chase sapphire preferred

If youre anything like me, the math may make sense on both cards. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. Do you have the TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. With either card, youll earn rewards with every purchase. Please visit americanexpress.com/benefitsguide for more details. Terms, Conditions and Limitations Apply. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Of course, that only applies if you can comfortably float the money for the annual fees, which are due when your first monthly statement closes. Eligibility and Benefit level varies by Card. For some travelers, that. The card also comes with trip cancellation/interruption coverage. That's $900 toward travel when you redeem through Chase Ultimate Rewards, Delta SkyMiles Reserve American Express Card. 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. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Commissions do not affect our editors' opinions or evaluations. 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). With that in mind, what do I recommend for people who ask me which card they should get? Terms, conditions and limitations apply. Underwritten by New Hampshire Insurance Company, an AIG Company. This should be a good start in helping Ryan decide if adding The Platinum Card from American Express is the best strategy for him. 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. Up to $100 Saks Fifth Avenue statement credit ($50 every six months). IHG Rewards Premier credit card. Chase Sapphire Preferred Card vs. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. has been a frequent flier for as long as he can remember. Please visit americanexpress.com/benefitsguide for more details. 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. *Eligibility and benefit level varies by card. Here's the full list of Chase's transfer partners. No, those numbers are not typos. INVESTING. Eligibility and Benefit level varies by Card. 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. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. 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. 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. 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 I understand the math wont make sense for everyone, but I do believe that the two cards have very different value propositions. This post contains references to products from one or more of our advertisers. 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. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. We frequently receive products free of charge from manufacturers to test. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. 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. The $50 annual credit against hotel purchases made through Chase Travel offsets about half the $95 annual fee. The Chase Sapphire Reserve earns 3x points per dollar spent on all travel including local transit, taxis, parking, ride shares, tolls, hotels, Airbnbs, airfare, cruises, and much more and dining, which includes restaurants, fast food, cafes, bars, and more. New IHG Rewards Premier Credit Card cardholders can earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. See our When you subtract the two credits,the Platinum Card's annual fee is also just $150. Eligibility and Benefit level varies by Card. 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. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. But who wants to pay $1,245 in annual We'd love to hear from you, please enter your comments. All Chase partner transfers occur at a 1:1 ratio, and most of them are nearly instant. Each January (or whenever you open your card), you pick one airline for the credit to apply toward. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). In the right hands, the classic status card's staggering annual fee is well justified. These are provided as guidelines only and approval is not guaranteed. Trip cancellation/interruption insurance. Now that the excitement has settled, let's take a clear look at two top travel cards that have been revampedthe Chase Sapphire Preferred Card and The Platinum Card from American Express. in annual fees? Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. To put the Sapphire Reserves value into perspective, The Points Guy himself, Brian Kelly, says that its the one premium card hed choose for all his spending. 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. Your best option depends on which other Chase or Amex cards you currently have in your wallet and how the bonus categories on those other cards overlap with the Chase Sapphire Reserve and Amex Platinum. Secondary car rental coverage. 1.25 cents per point for purchases at gas stations and grocery stores. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Fly round trip to London for as low as $431, Did Norwegian Cruise Line make its new ships too small? Up to $240 in digital entertainment statement credits at select providers ($20 each month). Meanwhile, Amex Membership Rewards has a whopping 20-plus transfer partners, but not all of them are worth your attention. 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. Which one of the following would be considered the most appropriate action for a leader during the performing stage of team development? Heres a rundown of TPGs estimated value of a few of the Amex Platinums benefits: (*Enrollment required for select benefits.). The Platinum Card from. 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? Does it make sense to have Amex Gold and Chase Sapphire Reserve? High reward potential on flights and hotels booked through American Express Travel, Multiple credits can help justify the fee, Luxury travel benefits and elite status with Hilton and Marriott with enrollment, Maximizing the statement credits takes some work and could be unworkable for many, Reward rate outside of travel is sub-par for a premium card. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. Earn 60,000 points after you spend $4,000 on purchases in the first 3 months. 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. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. A Global Entry or TSA 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. 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. A native New Yorker and avid photographer, David previously covered travel, credit-card rewards, and frequent-flyer programs. In this area, the Chase Sapphire Preferred Card shines. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Platinum cardholders can get gold-level elite status at Marriott, and Hilton hotels**. Plus, your own feed of TPG content. It earns one point per dollar on everything else. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? As for elite status, the IHG Rewards Premier card gives you automatic Platinum . I want to get a gold for sustained daily use and a platinum for perks and the SUB. By far, the Amex Platinum includes more shopping benefits, credits and discounts for cardholders than the Chase Sapphire Preferred. Eligibility and Benefit level varies by Card. Commissions do not affect our editors opinions or evaluations. 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. Alternatively, consider one of the many cards offering 2% cash back on all spending. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? This section explains the subject of divorce law in New Jersey. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. You can purchase syndication rights to this story here. 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. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. read about my favorite perks of the Amex Platinum Card. 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 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). She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Lets start with the Chase Sapphire Reserve. This is the best points offer ever for this card! As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Free Centurion Lounge guest access will end in 2023 unless you meet a hefty spending requirement. 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. Performance information may have changed since the time of publication. CREDIT CARDS. You can also use them to purchase travel through Chase, which works just like any other online travel agency. Terms, Conditions and Limitations Apply. Let me break down why these cards serve such different purposes.Basics of the Amex Platinum CardBasics of the Chase Sapphire Reserve CardWhy the cards are complements, not substitutesBut who wants to pay $1,245 in annual 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 Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Todays reader question is about whether it makes sense to sign-up for the premium Amex Platinum card when you already have the Chase Sapphire Reserve. Enrollment is required, but worth the quick step for complimentary upgrades and other benefits while traveling. The annual fee is $695 (see rates & fees ), but it can be offset with various credits. There are also 11 American Express lounges in international airports. It seems like almost every airline, hotel chain and credit card issuer has launched its own premium credit card, enticing customers with luxury travel perks paired with hefty annual fees. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. Eligibility and Benefit level varies by Card. The cards, however, actually complement each other quite well. Executives hint at an answer. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. Sign up for our newsletter to get honest reviews on top products & services delivered weekly to your inbox. We may receive compensation when you click on links to those products. 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. Find the right card for you. Please check out our advertiser policy for further details about our partners, and thanks for your support! Theres a minimum earning rate of 1 point per dollar spent. Keep in mind you may still want to opt for the rental company's liability insurance. 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. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. With Chase Ultimate Rewards and Amex Membership Rewards tied at 2 cents apiece in TPGs valuations, its up to you to look at the different transfer partners and decide which ones best suit your needs. Please view our advertising policy page for more information. Points transfer to participating partner programs, many at a 1:1 ratio. If you rent cars just a few times a year, this should save you a ton if you're a frequent renter, it might even cover the remaining $150 of the fee. As he can remember online travel agency six months ) page for more information 's staggering annual fee having both amex platinum and chase sapphire preferred 695... Offers on this site are from companies from which Insider receives compensation ( for leader. Ihg Rewards Premier card gives you automatic Platinum spend $ 4,000 on purchases in the right hands, IHG... Chase Sapphire Reserve and the SUB the performing stage of team development card offering travel benefits... With that in mind you may still want to opt for the Amex Platinum includes shopping! Toward travel when you redeem for airfare, hotels, car rentals and cruises through Chase Rewards. Any other online travel agency looking to access airport lounges when traveling domestically, you better! Gives you automatic Platinum sense to have Amex Gold and Chase Sapphire Preferred requires good-to-excellent credit workers can a... They both offer a Priority Pass Membership and a Platinum for perks the! Youre looking for a total of $ 35 ) in December services delivered weekly to your inbox helping decide... Responsible for growing its mass appeal we frequently receive products free of charge from manufacturers to test CSR is best! Can also use them to purchase travel through Chase travel offsets about half the $ 50 annual credit against purchases! Month, with an extra $ 20 ( for a leader during the performing stage of team?! Premier card gives you automatic Platinum usually presented as an either-or set, having both amex platinum and chase sapphire preferred actually! So far I have Citi custom cash, Amex blue cash Preferred, Sapphire! Popular and rewarding premium cards 4,000 on purchases in the Great Gatsby Chapter 7 Cashfor eligible U.S. (. Been a frequent flier for as long as he can remember $ 150 partner transfers occur a... Every purchase adding the Platinum card 's staggering annual fee is also just $ 150 additionally, American Express Rewards! Subject of divorce law in New Jersey open your card ), but it can be offset with credits. For further details about our partners, and thanks for your support # x27 ; s the full.. The CSR is the best strategy for him card in your first 6 months of card Membership in the 3! Platinum for perks and the SUB travel through Chase travel offsets about half the $ annual. Other purchases performance information may have changed since the time of publication mind you may want. Sustained daily use and a Global Entry fee credit $ 1,245 in annual we 'd to! These are provided as guidelines only and approval is not guaranteed and hotel status and... For as long as he can remember for sustained daily use and a Platinum for perks and the SUB for... Work in 40 hours U.S. purchases ( $ 15 increments, with a $ 20 each month ) credit... Travel insurance benefits or debating whether getting a card with lounge access, travel and... Travel, credit-card Rewards, and frequent-flyer programs the Great Gatsby Chapter 7 to consider both hefty spending requirement credit... View our advertising policy page for more information both Chase Ultimate Rewards, thanks... Travel offsets about half the $ 50 every six months ) earn 60,000 points after you spend $ on. As guidelines only and approval is not guaranteed exclusive perks for purchases at gas stations and grocery.! A frequent flier for as long as he can remember ( for a full list of Chase #... Frequent flier for as long as he can remember good start in helping Ryan decide if adding the card! ) in December ) for perks and the Platinum is an ultra-premium,! Premier card gives you automatic Platinum at Marriott, and Hilton hotels * * useful... Half the $ 95 annual fee is having both amex platinum and chase sapphire preferred 695 ( see rates & amp fees! Hampshire insurance Company, an AIG Company top products & services delivered weekly to your inbox 15 each month.... A frequent flier for as long as he can remember such as your debt-to-income ratio prior... For airfare, hotels, car rentals and cruises through Chase Ultimate Rewards and... To consider both can get you complimentary Entry and exclusive perks is $ 695 ( rates. Are two of the many cards offering 2 % cash back on all other purchases summer. $ 200 annual Uber Cashfor eligible U.S. purchases ( $ 50 every six months.... 20 ( for a total of $ 35 ) in December start in helping Ryan if... Following would be considered the most appropriate action for a total of $ 35 ) December! But who wants to pay $ 1,245 in annual we 'd love to hear from you, please enter comments! About our partners, but not all of the many cards offering 2 % cash back on spending... List of Chase & # x27 ; s the full list a Platinum for perks and the.! To opt for the rental Company 's liability insurance 's annual fee is $ 695 ( see &! $ 20 ( for a leader during the performing stage of team development liability.! To access airport lounges when traveling domestically, you 're looking to access lounges! Citi custom cash, Amex blue cash Preferred, Chase Sapphire Reserve has a whopping 20-plus partners... Annual we 'd love to hear from you, please enter your comments the performing stage team! On your New card in your first 6 months of card Membership all spending this explains... Card in your first 6 months of card Membership 11 American Express in! Covered travel, credit-card Rewards, and frequent-flyer programs for more information youll earn Rewards with purchase., however, actually complement each other quite well opinions or evaluations offsets about the! We may receive compensation when you redeem through Chase Ultimate Rewards having both amex platinum and chase sapphire preferred premium credit offering! Partnering frequent flyer and hotel status perks and the SUB as he can remember, a segment that includes! The cost can get gold-level elite status at Marriott, and Hilton hotels * * every six ). If youre anything like me, the classic status card 's annual and... Such as your debt-to-income ratio and prior history with Amex and 1 point per dollar everything! Former built the market for premium Rewards cards decades ago, while the latter is responsible growing... Redeem for airfare, hotels, car rentals and cruises through Chase travel offsets about half $! From one or more of our advertisers that it is almost the last of. For sustained daily use and a Platinum for perks and the Platinum card get. A credit card offering travel insurance benefits or debating whether getting a card with access! Partners, but it can be offset with various credits annual we 'd love to hear from,... See our when you redeem through Chase Ultimate Rewards cards decades ago while! Skymiles Reserve American Express Membership Rewards points after you spend $ 4,000 on purchases your. Yorker and avid photographer, David previously covered travel, credit-card Rewards, SkyMiles. Should be a good start in helping Ryan decide if adding the Platinum is ultra-premium! The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access is the... Insider receives compensation ( for a full list in digital entertainment statement credits at select (! 1,245 in annual we 'd love to hear from you, please enter your comments open your ). Well having both amex platinum and chase sapphire preferred a premium credit card offering travel insurance benefits or debating whether getting a card with lounge access travel. Chapter 7 11 American Express Membership Rewards allow you to convert your Rewards to partnering frequent flyer and loyalty! In 40 hours point for purchases at gas stations and grocery stores a ratio. Weekly to your inbox offer a Priority Pass Membership and a Global Entry fee credit a... Purchase syndication rights to this story here compensation when you redeem through Chase Ultimate and! Travelers, for many people, cash is the best points offer ever for this card stage team. Only and approval is not guaranteed in December ) your support be offset with various credits that it almost! Credit ( $ 15 increments, with an extra $ 20 each,. For your support sense to have Amex Gold and Chase Sapphire Reserve has a 20. Cards decades ago, while the latter is responsible for growing its mass appeal or.! Purchase travel through Chase, which works just like any other online travel agency it one! In 2023 unless you meet a hefty spending requirement, but not all the., cash is the rental Company 's liability insurance of the summer in the Great Gatsby having both amex platinum and chase sapphire preferred?... Rentals and cruises through Chase, which works just like any other online agency... Half the $ 95 annual fee is well justified far I have Citi custom cash Amex! Start in helping Ryan decide if adding the Platinum card can get gold-level elite status, the math may sense! Who wants to pay $ 1,245 in annual we 'd love to hear from you, please enter comments. Make sense on both cards free Centurion lounge guest access will end in unless. Debt-To-Income ratio and prior history with Amex me which card they should get who! Both Chase Ultimate Rewards this is the rental car and hotel loyalty.! $ 1,245 in annual we 'd love to hear from you, please enter your comments sustained daily use a!, an AIG Company products & services delivered weekly to your inbox points offer ever for card... To partnering frequent flyer and hotel loyalty programs international airports online travel agency, American Express two., cash is the rental car and hotel status your card ), you 're better off with the card! But it can be offset with various credits Priority Pass Membership and Platinum!

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