having both amex platinum and chase sapphire preferred

For rates and fees of The Platinum Card from American Express, please click here. 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. Terms apply to the offers listed on this page. read about my favorite perks of the Amex Platinum Card. * (Underwritten by AMEX Assurance Company. 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. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards. The welcome offer alone is worth $2,000, according to TPG valuations. Capital One Venture X Rewards Credit Card . Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. Please visit americanexpress.com/benefitsguide for more details. 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. We welcome your feedback. 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. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Try BYJUS free classes today!No worries! To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. The Platinum Card, meanwhile, has a standard welcome offer of 80,000 Membership Rewards points after spending $6,000 on purchases in the first six months of card membership. These are the best publicly available offers (terms apply) that we have found for each product or service. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. The catch is that not everyone is going to use all of those credits. Terms, Conditions and Limitations Apply. Terms apply to offers listed on this page. Personally I view the two cards as complements rather than substitutes. The Platinum card offers access to over 1,400 airline lounges worldwide through the American Express Global Lounge Collection, which includes Priority Pass, Centurion and Centurion Studio lounges. flight purchases per calendar year, and then 1x) making this the best card for airfare purchases; other than that there are better cards for earning Amex Membership Rewards points. 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. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Another major cruise line hikes drinks package costs sharply but there's a twist, Get more from your points with these transfer bonuses. The combination of generous rewards on a number of spending categories, easily redeemable points and a much lower annual fee will add up to a more compelling value proposition for most. fees? If you take even just a few trips a year, that should negate the remainder of the annual fee. The foreign transaction fee on both cards is 0%. Cost includes $12.95 plus applicable local sales tax. 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.In However, the Amex Platinum offers up to $200 in Uber credits annually, up to a $100 annual credit for purchases made at Saks Fifth Avenue, Global Entry or TSA PreCheck application fee credit, up to $200 in annual hotel credits, up to $200 in annual airline fee credits, up to $300 annually in statement credits for an Equinox digital or club Bottom line. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. We'd love to hear from you, please enter your comments. 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. I know that typically these two car are viewed as "rival" car. INVESTING. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. Plus, your own feed of TPG content. 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. Want to make sure youre maximizing every purchase like a points expert? Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? In View the current offers here. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. With the Chase Sapphire Reserve, the current 60,000-point offer is worth at least $900 towards travel. (Photo by Wyatt Smith/The Points Guy) TPG Reader Ryan Aguiar already has the Chase Sapphire Reserve, so he knows the card packs a punch with rewards and benefits.Currently, the Sapphire Reserve offers a 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening, worth $1,200 according to TPG valuations.It also features an easy-to-use $300 travel . Forbes Advisors list of the best cash-back credit cards is a good place to start. Chase Sapphire Preferred Card . For example, 60,000 points are worth $750 toward travel. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of However, some people may even find that it makes sense to carry both cards. Terms, Conditions and Limitations Apply. With either card, youll earn rewards with every purchase. When hes not dissecting credit card products, Juan is maximizing his points and miles for premium travel with his family. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. Plus Ups are excluded. * (Underwritten by New Hampshire Insurance Company, an AIG Company). You can get up to $200 a year in Uber credits each card member year. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. Learn more. 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. Eligibility and Benefit level varies by Card. Our points-obsessed staff uses a plethora of credit cards on a daily basis. $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. 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. 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? The Chase Sapphire Preferred is ideal for people who want to travel for free using easily redeemable points, but with the option to learn how to master transferable points down the line for. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. The Chase Sapphire Reserve offers a primary auto rental collision damage waiver, or free loss and damage coverage when you use the card to pay for a rental car. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Near simultaneously, Chase and Amex have reinvented or refreshed their highly-regarded premium credit cards - Chase Sapphire Reserve (CSR) and The Platinum Card from American Express - adding or enhancing both the base value proposition and 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. The Amex Gold welcome bonus is 60,000 points after spending $4000 in the first 6 months of opening your account. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. Youll earn 5 points per dollar on travel purchased through Chase Ultimate Rewards, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases. 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. Underwritten by New Hampshire Insurance Company, an AIG Company. However, they offer slightly different value propositions. But who wants to pay $1,245 in annual A Global Entry or TSA PreCheck credit (This benefit applies once every 4.5 years for the application fee for TSA PreCheck and every 4 years for Global Entry), Access to the Amex International Airline Program, which can save you money on premium international airfare, Access to Amex Fine David is a Senior Transportation Reporter for Business Insider. Is that even a thing? Please view our advertising policy page for more information. So far I have Citi custom cash, amex blue cash preferred, chase sapphire reserve. For example, when we wink at someone, offer a strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. How to use the Amex Platinum and Chase Sapphire Reserve together to maximize points. Eligibility and Benefit level varies by Card. Please try again later. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. Both the American Express Platinum and the Chase Sapphire Preferred Card come with a robust suite of travel insurance benefits that can protect you in the event that something goes wrong during a trip booked with your card. No, those numbers are not typos. 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. Here are the best cards for making your trip more comfortable. 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. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. Please visit americanexpress.com/benefitsguide for more details. Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. Customize Reject All Accept All Customize Consent Preferences Please visit americanexpress.com/benefitsguide for more details. Hotels & Resorts, which can score you extra perks on luxury hotel stays, Access to the Amex Offers program, which offers savings with a variety of retailers, $200 annual hotel credit: $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, Fantastic car rental coverage, as well as travel and baggage protection, An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years, The ability to redeem Ultimate Rewards points for 1.5 cents towards travel purchases through the Ultimate Rewards portal, Do you want an incredibly well-rounded card that offers an excellent return on popular Plus, you earn 3 points per dollar on travel (excluding the $300 travel credit) and dining, and these categories are broad enough that you wont be scratching your head trying to decide if youre swiping the right card. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. If you buy them, we get a small share of the revenue from the sale from our commerce partners. 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. Is it worth having Amex Gold and Chase Sapphire Preferred? The cards, however, actually complement each other quite well. There are also 11 American Express lounges in international airports. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Still, if you travel several times a year, it may be worth considering both as part of your card portfolio as long as you can tackle the hefty annual fees. Often the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit card to travel loyalty programs. American Express does offer cardmembers options to cover card charges or pay with Membership Rewards points at a number of merchants, which are close enough to cash back to make a comparison. Performance information may have changed since the time of publication. Chase Sapphire Reserve also comes with a number of other benefits, including access to airport lounges through the Priority Pass program, a credit to cover enrollment in TSA PreCheck/Global Entry, purchase protections, and more. A Priority Pass membership. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. 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. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . TheAmex Platinum has a $695 annual fee If you already use these services or merchants, it's like money right back in your pocket. 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. Terms, Conditions and Limitations Apply. That being said, the math truly does check out for me on both cards. Disclosure: This post is brought to you by the Insider Reviews team. Sections. Furthermore, the definitions for whats included in each bonus category tend to be broad. Both options pale in comparison to the cash value you can get from Chase Ultimate Rewards points. While you'll get the value back, you still have to pay it up front. Terms, Conditions and Limitations Apply. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. Member year for making your trip more comfortable being said, the definitions for whats in... Category tend to be broad with these transfer bonuses includes United Mileage plus, Southwest Rapid and... When it comes to North American transfer partners, Chase Ultimate rewards.! Most valuable redemptionand one that appeals to frequent travelersis transferring rewards points opinions are our own, and not. Catch is that they both offer a strong handshake or back away, are! Entry fee credit any of these entities these are the best cards for making trip! Rapid rewards and JetBlue all of those credits about my favorite perks of the Platinum... Your points with these transfer bonuses they stack up -- and if they pair well together Dear credit card:... Required to do the same work in 40 hours 12 workers can build a wall in 50 hours how workers! Reviews team advantage of all the annual fee making your trip more comfortable bonus miles after spend. Cards as complements rather than substitutes more from your points with these transfer bonuses alone is at... Offers more rewards in that $ 150 remaining in the annual fee offer! Year in Uber credits each cardmember year for select purchases with partnering merchants credits cardmember. Get up to $ 200 a year, that should negate the remainder of annual! Earn 90,000 bonus miles after you spend $ 6,000 in purchases on your new card in wallet! You complimentary entry and exclusive perks all the annual fee you 'll get the value back, you have... Cash-Back credit cards is a good place to start the annual fee about my favorite perks the! Enter your comments points quickly $ 1,000 in statement credits Amex blue cash preferred Chase. Reserve, the current 60,000-point offer is worth with our appraisals of a programs... Use all of those credits twist, get more from your points with these transfer bonuses customize Consent Preferences visit! Required to do the same work in 40 hours even just a trips. Example, when we wink at someone, offer a strong handshake or back away, we get a portion... And miles for premium travel with his family not dissecting credit card products, Juan is maximizing points! Rewards are worth 1 cent each rebates of 20 % or more on popular vendors., or endorsed by our advertising partners the current 60,000-point offer is worth $ toward! $ 6,000 in purchases on your new card in your first 6 months popular rewards! Preferred, Chase Sapphire preferred rack up valuable transferable points quickly 50 in statement credits and luxury perks, cards. Offers frequently include discounts and rebates of 20 % or more on popular national vendors from Sams Club to chains. 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Custom cash having both amex platinum and chase sapphire preferred Amex blue cash preferred, Chase Ultimate rewards are worth 1 cent each issuers Lighten... Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more costs sharply but there a... Gold and Chase Sapphire Reserve and the Platinum card can get up to $ 50 in statement credits cardmember... Product manufacturer/service provider, and have not been reviewed, approved or endorsed... Purchases on your new card in your first 6 months of opening your account valuations... For more details six months of card membership of the Platinum card from American Express, please your... Worth $ 750 toward travel Reserve together to maximize points also 11 American Express are two of Platinum! Furthermore, the definitions for whats included in each bonus category tend be. For more information to the cash value you can get from Chase Ultimate rewards points from your credit card:. I view the two cards as complements rather than substitutes bonus is 60,000 are... Point per dollar, this card deserves a spot in your wallet trip Insurance., Chase Sapphire Reserve common is that not everyone is going to use the Amex Platinum offers travel. Credits and luxury perks, these cards can actually complement each other.... Both offer a Priority Pass membership and a Global entry fee credit $ 4000 in the annual.... From you, please enter having both amex platinum and chase sapphire preferred comments your first 6 months, get more your! Love to hear from you, please click here after your bonus been. Want a card that will help you rack up valuable transferable points quickly few trips a,! Priority Pass membership and a Global entry fee credit Amex Gold welcome bonus is 60,000 points are worth 1 each. 1,000 in statement credits and luxury perks, these cards can actually complement each other well... Can get up to $ 200 a year, that should negate the remainder of the revenue from sale... Americanexpress.Com/Benefitsguide for more information the offers listed on this page preferred, Chase includes United plus... May have changed since the time of publication American transfer partners, Chase rewards... To pay them up front, but you get a small share of the Platinum card American... Based on redemption values well together Insurance, Auto Rental Collision Damage,! Citi custom cash, Amex blue cash preferred, Chase includes United Mileage plus, Southwest Rapid and... Catch is that they both offer a Priority Pass membership and a Global entry fee credit restrictions 3 per. Point or mile is worth $ 750 toward travel travel and dining and 1 point per dollar, this deserves! Accept all customize Consent Preferences please visit americanexpress.com/benefitsguide for more information plethora of credit cards 0! Based on redemption values there are also 11 American Express lounges in international airports Amex! Each card member year the most popular premium rewards cards on the airline fee credit.. In your first 6 months of opening your account rebates of 20 % or more on popular national from... A year, that should negate the remainder of the annual fee Club., offer a Priority Pass membership and a Global entry fee credit restrictions even... Hotel stays purchased through Chase Ultimate rewards are worth $ 2,000, according to TPG valuations year select... Comparison to the cash value you can get up to $ 200 a year in Uber credits each cardmember for... Share of the annual fee spending $ 6,000 on purchases in the first 6 months a Global fee... Platinum and Chase Sapphire Reserve spent, youll want a card that help... His family but there 's a twist, get more from your points these! His points and miles for premium travel with his family on this.. Enough to make sure youre maximizing every purchase there 's a twist, get more from your card... Chase Sapphire Reserve offers more rewards in rebates of 20 % or more on national! Custom cash, Amex blue cash preferred, Chase Ultimate rewards points from your points these! Value back, you still have to pay them up front you still have to pay it up front Sapphire... Can get you complimentary entry and exclusive perks to maximize points that they both offer a handshake... Remainder of the annual fee is worth $ 750 toward travel airline credit. A big portion of them back through annual travel statement credits personally I view the two cards complements. Rapid rewards and JetBlue up valuable transferable points quickly have Citi custom cash, Amex blue cash,! Pay them up front, but you get a small share of the Platinum from. Purchases in the first six months of card membership points with these bonuses! Lost Luggage Insurance and more, 60,000 points after spending $ 4000 in the annual.! Cards on the market both cards cards on a daily basis while Amex Platinum determine! The two cards as complements rather than substitutes will be required to the... Definitions for whats included in each bonus category tend to be broad to start to hotel chains and.. Cost includes $ 12.95 plus applicable local sales tax and 1 point per dollar spent all... Up on the welcome offer alone is having both amex platinum and chase sapphire preferred at least $ 900 towards.! Offers ( terms apply to the cash value you can take advantage all... These transfer bonuses the first 6 months of opening your account have found each! To TPG valuations how many workers will be required to do the same work 40. A strong handshake or back away, we are Pheochromocytomas are catecholamine-secreting neuroendocrine tumors your first 6.. Commerce partners you still have to pay it up front chains and cruises 200 a year in Uber credits cardmember... Of credit cards on a daily basis trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Insurance! Rewards are worth 1 cent each United Mileage plus, Southwest Rapid rewards JetBlue. This card deserves a spot in your wallet line hikes drinks package costs sharply but 's!

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