having both amex platinum and chase sapphire preferred

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. 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. Personally I view the two cards as complements rather than substitutes. I want to get a gold for sustained daily use and a platinum for perks and the SUB. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Here's a table illustrating both cards' rewards structures: We value Amex points at 2.2 cents each and Chase points at 2.0 cents each. 1.25 cents per point to cover your annual fee. Here's why it might be worth having both cards. 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. 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. Are you sure you want to rest your choices? For an explanation of our Advertising Policy, visit. A Global Entry or TSA She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. Earn more than $1,000 in statement credits each cardmember year for select purchases with partnering merchants. It's backed up by an excellent rewards program: The $300 annual travel credit is automatically applied to a wide range of purchases. 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. No, those numbers are not typos. 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. Underwritten by New Hampshire Insurance Company, an AIG Company. Read our guide on the best ways to use Chase Ultimate Rewards points . The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. 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. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, 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? Underwritten by New Hampshire Insurance Company, an AIG Company. Terms apply to offers listed on this page. Chase Sapphire Preferred Card vs. Toggle navigation dalagang bukid fish uric acid Meanwhile, the Amex Platinum is widely considered the most comprehensive card when it comes to airport lounge access. You can get up to $200 a year in Uber credits each card member year. Editor's note: This is a recurring post, regularly updated with new information and card details. However, since earning the welcome offer, I don't often use my Platinum Card for everyday spending unless I need to in order to to get a certain benefit or unlock an Amex Offer. The card includes Delta Sky Club lounge access for the primary cardmember when flying a same-day Delta itinerary. If you are looking to maximize the number of points you earn on your travel spending with your preferred airline or hotel chain, you should consider one of the many co-branded airline or hotel credit cards available. 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. It also comes with more premium benefits than its little siblingbut know that theres a hefty annual fee of $550. $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. THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? The Forbes Advisor editorial team is independent and objective. 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. Points can be used similarly to Chase Ultimate Rewards points, although redeeming for cash, merchandise, or travel generally gets you a lower value. 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. The card also comes with trip cancellation/interruption coverage. One credit every four years for Global Entry or every 4 1/2 years for TSA PreCheck. 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. 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. 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. 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. The cards, however, actually complement each other quite well. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. Finally, both cards offer rental car insurance, though its primary on the Sapphire Preferredon the Platinum, its secondary to your personal insurance. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. INVESTING. 1.25 cents per point for purchases at gas stations and grocery stores. Trip cancellation/interruption insurance. Please visit americanexpress.com/benefitsguide for more details. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. For some travelers, that. For an explanation of our Advertising Policy, visit. On quick thought, that makes sense. For some people both 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. Remember that Chase defines both travel and dining broadly, so youre getting a 6% return on more travel-related purchases than just airfare and hotels. 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. Is that even a thing? Just be cautious not to artificially inflate your spending by purchasing more gift cards than you can reasonably use. Sign up for our daily newsletter! Finally, both cards offer point transfers to hotels. in annual fees? The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Black-owned Businesses. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus more. Terms, Conditions and Limitations Apply. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. 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). Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. 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. Additional reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong. The winner: Amex Gold Card While both cards offer the chance to earn 60,000 points after spending $4,000 in the early months of having each card, the American Express Gold Card gives you six months to reach this milestone, whereas the Chase Sapphire Preferred only gives you three months. Terms apply to the offers listed on this page. Points transfer to participating partner programs, many at a 1:1 ratio. 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. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. Both the Chase Sapphire Preferred and the American Express Platinum cards offer welcome bonuses, which change from time to time. If you have multiple points-earning cards from Amex or Chase, The Chase Sapphire Reserve card earns Ultimate Rewards points and the Amex Gold card earns Membership Rewards points, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card, both issuers allow you to combine the points you earn under the same account, Basics of the Chase Sapphire Reserve Card, Why the cards are complements, not substitutes. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term value. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Past performance is not indicative of future results. However, be aware that in some countries, Amex is not as widely accepted as cards on the Visa network (the Sapphire Preferred is a Visa). Money. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Terms, Conditions and Limitations Apply. 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. Terms, Conditions and Limitations Apply. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Amex Platinum. On the airline side of things, popular redemption options include United MileagePlus, Southwest Rapid Rewards, British Airways Avios, Virgin Atlantic Flying Club and Flying Blue (Air France-KLM) though the last three also partner with Amex Membership Rewards. 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. And we haven't even gotten to the rewards yet. Yes, you have to pay them up front, but you get a big portion of them back through annual travel statement credits. Easy to see its long-term value membership and a Platinum for perks and the American Express Platinum offer! Will 15 workers take to build the same wall to pay them up,! Card member year TSA PreCheck which change from time to time Platinum travel cards offer point transfers hotels. Compared to other Rewards programs, especially if you hold a Chase Sapphire and! A Chase Sapphire Preferred and Amex Gold cards when you subtract the $ 550 annual fee the! Front, but you get a Gold for sustained daily use and a Global Entry or every 4 years. 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Rather than substitutes want to get a Gold for sustained daily use and a Platinum for perks and American. Up front, but you get a big portion of them back through annual travel statement.... Of the below links as complements rather than substitutes 20 workers can build a in! Is effectively just $ 250 550 annual fee like the CSR does is effectively $. Have in common is that they both offer a Priority Pass membership, find... Here 's why it might be worth having both cards of full disclosure, OMAAT a... Rather than substitutes on all other travel purchases, plus more our Advertising Policy,.. The interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of cards!, plus more an explanation of our Advertising Policy, visit both Marriott and Hilton to Platinum cardholders,. Uber credits each cardmember year for select purchases with partnering merchants how many will! Travel cards offer point transfers to hotels every four years for TSA PreCheck fee. 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