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. 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. David is a Senior Transportation Reporter for Business Insider. Between hotel elite status and Centurion Lounge access, the Amex Platinum is better suited for those looking to enjoy a more luxurious travel lifestyle. Commissions do not affect our editors opinions or evaluations. 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). 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. Amex Platinum and Chase Sapphire Reserve are the two most popular premium credit cards. As always, just make sure you fully understand the benefits and rewards associated with both, and have a strategy to maximize the benefits. To try and put a valuation on Membership Rewards points,we can look again at valuations published by the travel website The Points Guy. Neither one offers a 0% intro APR, and the ongoing rates for both cards have the potential to be high. 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. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. 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. People often think of the Chase Sapphire Reserve and The Platinum Card from American Express as mutually exclusive. 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. Terms, Conditions and Limitations Apply. For rates and fees of the Amex Platinum card, please click here. Search For: Get cheap travel tips to your inbox! Terms, Conditions and Limitations Apply. 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. Both cards offer transfers to international airlines like Virgin Atlantic, Air France/KLM and British Airways, which can be used both to book international award tickets and domestic flights within the United States through each programs partner airlines. That being said, the math truly does check out for me on both cards. (Rates & Fees) and offers a variety of valuable perks , including: Read a full review of the Amex Platinum Card, and This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. Let me share my math, based on my own situation. Please visit americanexpress.com/benefitsguide for more details. All told, Chase can transfer to 11 airlines and three hotel brands. 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. Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. Trip cancellation/interruption insurance. This is the best points offer ever for this card! Access is exclusive for Platinum and Centurion (Black) cardholders. Find the right card for you. Please visit americanexpress.com/benefitsguide for more details. If you frequently purchase airfare that would qualify for 5 points per dollar, this card deserves a spot in your wallet. Nonverbal communication is defined as how people communicate with each other without talking or writing. Official application link: The Platinum Card from American ExpressOfficial application link: Chase Sapphire Reserve. IHG Rewards Premier credit card. Points transfer to participating partner programs at a 1:1 ratio. The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. This section explains the subject of divorce law in New Jersey. 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. In Terms, Conditions and Limitations Apply. Underwritten by New Hampshire Insurance Company, an AIG Company. The annual percentage rate on your Amex Platinum is between 19.74% and 26.74% while Chase Sapphire reserve has an annual percentage rate between 19.99% and 26.99%. 10% anniversary point bonus on all your yearly spending. Terms apply to the offers listed on this page. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. Personally, I have both cards in my wallet and use them for different purposes. While Amex Platinum offers lucrative travel rewards, Chase Sapphire Reserve offers more rewards in . The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Performance information may have changed since the time of publication. Annual digital entertainment statement credit, Do Not Sell or Share My Personal Information, - 10 points per dollar on Lyft (20% return on spending), - 5 points per dollar on airfare booked directly with the airline or with American Express Travel, up to $500,000 on these purchases per calendar year (10% return on spending). The CSR has a $550 annual fee and the Amex Platinum has a $695 annual fee but military troops and spouses get the fee waived to $0. Earn high rewards on several areas of spending, Transfer points to travel partners at 1:1 rate, Best travel earning rates are only for bookings through Chase. 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 Winner: Chase Sapphire Reserve comes out on top for redemption options since it offers a 1:1 transfer ratio for all of its airline and hotel partners, the Pay Yourself Back feature and more flexibility with its 50% bonus for travel booked in Ultimate Rewards. 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. Editors note: This article is part of a column to answer your toughest credit card questions. 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. Or maybe youre wondering why these two cards are so popular among frequent travelers. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Just decline the collision/damage/loss coverage offered by the rental agency. You might be using an unsupported or outdated browser. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. Official application link: Amex Platinum.Official application link: Chase Sapphire Reserve. It's a valid thought, but the fact is that many cards with annual fees come with valuable rewards and benefits that, when used properly, outweigh the yearly fee. 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. Points are worth 1 cent each when redeemed as cash back. Eligibility and Benefit level varies by Card. 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. Download the free TPG App to start spending like a pro. 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. Enrollment required. However, not everyone uses a ride-sharing service or places an Uber Eats order in the U.S. once a month, which means the 10 points per dollar spent on Lyft rides with the Sapphire Reserve might be a more valuable option. Your financial situation is unique and the products and services we review may not be right for your circumstances. Forbes Advisors list of the best cash-back credit cards is a good place to start. Credit Score ranges are based on FICO credit scoring. Points transfer to participating partner programs, many at a 1:1 ratio. Keep in mind you may still want to opt for the rental company's liability insurance. And we haven't even gotten to the rewards yet. These two popular cards are often mentioned in an either-or scenario. Lets say youre spending $5,000 on both airfare and dining combined each year, $1,000 on hotels or cruises and $10,000 on non-bonus spending. Its also the one where your own personal preferences may sway you the most to one card or another. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. Nowadays premium credit cards are more popular than ever before. However, the Sapphire Preferred outearns the Platinum in several bonus categories. 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. 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. The foreign transaction fee on both cards is 0%. If you can take advantage of all the annual statement credits and luxury perks, these cards can actually complement each other well. While you'll get the value back, you still have to pay it up front. For starters, both cards feature airport lounge access and additional travel and food delivery credits, among other benefits. The cards, however, actually complement each other quite well. 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