Up to $100 Saks Fifth Avenue statement credit ($50 every six months). 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. How To Find The Cheapest Travel Insurance, Citi / AAdvantage Executive World Elite Mastercard, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership, 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, 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. Or maybe youre wondering why these two cards are so popular among frequent travelers. Up to $189 annual Clear membership statement credit. Enrollment required. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. Here are the best cards for making your trip more comfortable. 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. David is a Senior Transportation Reporter for Business Insider. In 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. In the right hands, the classic status card's staggering annual fee is well justified. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. 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. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The USDA National Hunger Hotline has information available in both English and Spanish. 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. He earned his bachelor's degree from Muhlenberg College and his master's from the University of Edinburgh in Scotland, UK. This post contains references to products from one or more of our advertisers. Please visit americanexpress.com/benefitsguide for more details. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is 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. 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. Terms, Conditions and Limitations Apply. 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. The. Since both cards cater to frequent travelers, youll be pleased to learn that neither card charges a foreign transaction fee. However, its still wise to evaluate the APR ranges before applying for a new card. For rates and fees of the Delta SkyMiles Platinum American Express Card, please click here. Compare the cost in points or miles to cash, and see which option is best. Past performance is not indicative of future results. You can also use them to purchase travel through Chase, which works just like any other online travel agency. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. That makes the welcome offer worth around$1,140. in annual fees? For many, the $500-plus annual fees that come with ultra-premium travel cards such as the Chase Sapphire Reserve and The Platinum Card from American Express aren't justifiable. No, those numbers are not typos. Sections. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. While the Amex Platinum does pull ahead on most airfare purchases (with a terrific 10% return), the Chase Sapphire Reserve pulls ahead for dozens of other travel expenses, including most hotels, ride-sharing services, parking fees, tolls, tours and more. 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. Complimentary DoorDash DashPass membership through Dec. 31, 2024, plus a $5 monthly credit. Learn more about the Sapphire Reserve: https://bit.ly/2GL5CJRClick "Show. Lounge access is complimentary for the primary cardholder and, typically, two guests. Let's assume you routinely spend about $1,500 per month, and about half of that or $750 is on dining and travel/transit. 10% anniversary point bonus on all your yearly spending. 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 additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. Eligibility and Benefit level varies by Card. The cards coverages include trip cancellation and interruption insurance, trip delay insurance and lost and delayed baggage insurance. Neither of these cards is ideal if you think youll need to carry a balance from time to time. Please visit americanexpress.com/benefitsguide for more details. See our Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024. INVESTING. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Long after your bonus has been earned and spent, youll want a card that will help you rack up valuable transferable points quickly. Underwritten by New Hampshire Insurance Company, an AIG Company. Eligibility and Benefit level varies by Card. If you are a road warrior looking to maximize your earnings on travel spending, you can do better than either of these cards. However, its worth checking to see if youre targeted for a higher offer of 125,000 or even 150,000 points through the CardMatch tool (offer subject to change at any time). Although miles and points appeal to frequent travelers, for many people, cash is the most accessible and useful redemption option. Fee-only vs. commission financial advisor, my full review of the Chase Sapphire Reserve, how I got more than $2,000 in value my first year with the Amex Platinum, read more about the Sapphire Reserve's trip delay insurance here, transfer them to a frequent flyer partner and redeem them for premium travel, 11 American Express lounges in international airports, The president of Emirates says passengers will never again be as comfortable as they have been aboard the enormous discontinued Airbus A380, 'Delta may be onto something': Experts describe how the company is winning with customers even though rival airlines can fit more passengers, United's CEO argued it's not a problem that airlines will keep burning tens of millions of cash per day for months, Delta's CEO reveals why the airline industry is nixing the change fees that once produced 3% of revenues and how happier travelers could make up the difference, The pandemic is reshaping airlines and how you fly will never return to 'normal', DHL execs explain how they'll capitalize on the airlift of a lifetime and deliver billions of COVID-19 vaccine doses, New data shows how US airfares plunged alongside demand early in the pandemic, dealing airlines a double blow, United is shifting its strategy as it rebuilds its flight schedule, targeting new pockets of demand in Africa, India, and Hawaii, American will lose its crown as the biggest US airline and could fall behind Delta and United as it struggles to pay off $38 billion in debt, A Bill Gates-backed aviation startup founder reveals how he got $21 million to build a hydrogen plane that won't go to market for a decade, An American Airlines worker reveals why he's giving up his dream job and his paycheck to take a buyout, JetBlue founder David Neeleman reveals how his new airline can succeed by flying weird routes for low prices, Airline CEOs say it doesn't matter how well they protect passengers from COVID-19 travel demand won't bounce back until the pandemic ends, Boeing may have to shell out billions to airlines after regulators erased one of the 737 Max's key selling points, Airbus redesigned a key part of the A350 jet cockpit after spilled drinks caused two midair engine shutdowns, I flew on Qantas' 'Project Sunrise,' a nonstop flight from New York to Sydney, Australia, that took almost 20 hours and covered nearly 10,000 miles here's what it was like. Please check out our advertiser policy for further details about our partners, and thanks for your support! 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. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. Points are worth 0.6 cents each when used to cover past charges. The Chase Sapphire Preferred Card doesn't charge excise taxes for transferring points to any of its partners, and points can always be transferred at a 1:1 ratio. Are you sure you want to rest your choices? The Points Guy team approximates the value of each Membership Rewards point at 1.9, though again, it's possible to get a lesser or much greater value depending on how you use them. Trip cancellation/interruption insurance. 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. The Amex Platinums annual fee is for me more than covered by the credits. Cost includes $12.95 plus applicable local sales tax. Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. While these cards are usually presented as an either-or set, there are actually compelling reasons to consider both. Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. 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. Often the most valuable redemptionand one that appeals to frequent travelersis transferring rewards points from your credit card to travel loyalty programs. A native New Yorker and avid photographer, David previously covered travel, credit-card rewards, and frequent-flyer programs. Editor's note: This is a recurring post, regularly updated with new information and card details. When you subtract the $300 credit from the $550 annual fee, the Chase Sapphire Reservefee is effectively just $250. Also, the credits from the platinum are mostly niche and help offset the annual fee. 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. Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. Can you combine American Express and Chase points? Eligibility and Benefit level varies by Card. 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. Commissions do not affect our editors opinions or evaluations. Get our daily email for the latest in travel, flight deals, and how . Both of these cards get that done but in very different ways. 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. For example, 60,000 points are worth $750 toward travel. The Chase Sapphire Reserve and American Express Platinum travel cards offer flexible redemption options. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Card Members are responsible for the costs charged by third-party service providers. Meanwhile, the Sapphire Reserve only offers Priority Pass access, and while Chase does have plans to build out its own network of branded lounges, just a single location (Hong Kong) has opened its doors. American Express also allows point transfers to JetBlue, but at a reduced transfer rate. LOANS. 1.5 cents per point for select charitable donations through Dec. 31, 2023. Here's why it might be worth having both cards. The Chase Sapphire Reserve introductory bonus is not as generous. The American Express Platinums current welcome bonus is: 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. Terms, Conditions and Limitations Apply. Check here before booking an award fare. Points can also be transferred to any of Chase's 14 airline and hotel partners. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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 American Express Platinum features a long list of statement credit offers offering discounts or rebates on services from Uber Cash to Walmart+ (enrollment is required for select benefits). 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. our office. 50,000 Miles 90,000 Miles! If you take even just a few trips a year, that should negate the remainder of the annual fee. Earn 5x on travel purchased through Chase Ultimate Rewards, 3x on dining and 2x on all other travel purchases, plus, Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Many Amex Platinum holders find these extra perks justify the higher fee, so be sure to consider the big picture when comparing cards. This compensation comes from two main sources. Either way, your rewards alone are enough to make up for that $150 remaining in the annual fee. Is it worth having Amex Gold and Chase Sapphire Preferred? Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. Eligibility and Benefit level varies by Card. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Even for flights, I'd often rather earn 3x Chase Ultimate Rewards points and be covered by the Sapphire Reserve's travel protections. Card Members are responsible for the costs charged by third-party service providers. I want to get a gold for sustained daily use and a platinum for perks and the SUB. 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. Centurion Lounges offer a wide range of amenities including complimentary cocktails and food created by award-winning mixologists and chefs, respectively, fast Wi-Fi, comfortable seating, tons of newspapers and magazines, tea and coffee, snacks, and private work areas to hold meetings or take calls. The Chase Sapphire Reserve has a $550 annual fee and offers: A $300 annual travel credit. Chase offers no equivalent benefit. 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. Ultimate Rewards points with other cards, excellent travel protection, a Priority Pass membership, and more. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. 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. Just decline the collision/damage/loss coverage offered by the rental agency. Access is exclusive for Platinum and Centurion (Black) cardholders. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). (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 . Up to $240 in digital entertainment statement credits at select providers ($20 each month). You'll earn about 3,000 points per month, or 36,000 in a year. 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. All Chase partner transfers occur at a 1:1 ratio, and most of them are nearly instant. While they are both excellent travel . This does not drive our decision as to whether or not a product is featured or recommended. Some locations also feature shower suites, spas, or relaxation areas. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. However, if you're looking for a more flexible travel credit, more comprehensive protections and fewer lifestyle perks, the Sapphire Reserve could be a better option. Sometimes you can even be reimbursed for airline gift cards that you can apply toward tickets, even though this is an unpublished benefit do some Googling to see whether that works on your airline of choice. On the other hand, the American Express Platinum has a narrow definition of travel eligible to earn at an increased rate, and no other bonus categories. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. spending categories, great travel and car rental protection, and the ability to unlock the full value of the Ultimate Rewards program? 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. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. 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. 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 (Rates & Fees). Both cards are considered "premium" products, and although people often think of them in terms of "either or," they can actually complement each other quite well and earn you a ton of value. That's $750 when you redeem through Chase Ultimate Rewards. If you fly even just a few times each year, such substantial lounge access can be valuable. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. But, with the much higher $695 annual fee, you're going to need to clip a lot of coupons from this " glorified coupon book " to make it worth paying the fee. For rates and fees of The Platinum Card from American Express, please click here. A Global Entry or TSA If youre trying to decide which card makes the most sense, consider how much value youd get out of the benefits of each card, particularly with the credits offered by the Amex Platinum. Right on! However, if you opt to use your points directly through American Express Travel, you won't get nearly the value you do through Chase. The overlap between groups has ______ in americas residential neighborhoods and workplaces. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . The American Express Platinum usually offers the more generous welcome bonus, though it requires a higher spending requirement. 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. Let me break down why these cards serve such different purposes. Search For: Get cheap travel tips to your inbox! Our points-obsessed staff uses a plethora of credit cards on a daily basis. I know that typically these two car are viewed as "rival" car. The foreign transaction fee on both cards is 0%. For rates and fees of the Amex Platinum, click here. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. 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. 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 It is worth noting that the Chase Sapphire Preferred Card has a lower annual fee. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Editorial Note: We earn a commission from partner links on Forbes Advisor. Subscribe. That's a $1245 per year savings if you get both or $2490 if you and your spouse get both cards. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. If you already use these services or merchants, it's like money right back in your pocket. We may receive compensation when you click on links to those products. Winner: Chase Sapphire Reserve is the best for earning thanks to its favorable everyday bonus categories that help you earn more points in the long term. Please visit americanexpress.com/benefitsguide for more details. I think the math on the Chase Sapphire Reserve is much more straightforward than the math on the Some of the larger locations feature showers, too. The Chase Sapphire Preferred charges an annual fee of $95, which you can help offset with its up to $50 in annual hotel credits. 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. Meanwhile, the Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 in the first three months from account opening. all about the points earning potential and great purchase protection. Learn 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? Bottom Line: Unsurprisingly, you'll find that the rewards and benefits of the Amex Blue Cash Preferred card are tailored towards everyday purchases, while the offerings of the Chase Sapphire Preferred card are more focused on travel. this card independently, rather than in comparison to another card. Earn 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. You can get up to $200 a year in Uber credits each card member year. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. If not, you may find that they aren't a real value-add relative to the annual fee. 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. Customize Reject All Accept All Customize Consent Preferences While youll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. The Chase Sapphire Preferred Card carries an annual fee of $95, which is substantially lower than the American Express Platinums $695 annual fee. The Chase Sapphire Reserve offers a sign-up bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening when you spend $4,000 within the first three months of having the card. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. 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. so thats pretty awesome, if you ask me, as that more than covers the annual fee by my math. Plus Ups are excluded. Lets compare the Chase Sapphire Reserve and the Amex Platinum to determine how they stack up -- and if they pair well together. When it comes to North American transfer partners, Chase includes United Mileage Plus, Southwest Rapid Rewards and JetBlue. Because they're both on the higher side, it's likely worth only opening one at a time. Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers should be able to take advantage of at least some of these credits: And, while not an annual credit, Platinum cardholders can be reimbursed up to $100 for Global Entry or up to $85 for TSA PreCheck when the application is charged to this cardthe credit is available every four years for Global Entry or every four-and-a-half years for TSA PreCheck. 1.25 cents per point to cover your annual fee. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Both can easily justify the card's annual fee in your first year. Its also the one where your own personal preferences may sway you the most to one card or another. This is worth approximately $2,000 to $2,500 depending on your redemption method. Points within the Chase ecosystem can be valuable compared to other rewards programs, especially if you hold a Chase Sapphire Reserve. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Your trip more comfortable for select charitable donations through Dec. 31,.., or 36,000 in a year in Uber credits each card member year cater to frequent travelersis transferring points. And can be valuable to travel loyalty programs currency, based on values. In monthly $ 15 increments, with an extra $ 20 ( for a new card total made., but at a 1:1 travel partner or maybe youre wondering why these car. Either-Or set, there are actually compelling reasons to consider the big when... That should negate the remainder of the cards, and find them to the... 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Your choices 550 annual fee and offers: a $ 300 annual travel credit fee, so be sure consider! Sales tax for Platinum and Centurion ( Black ) cardholders primary cardholder and, typically, guests. Offer the most valuable redemptionand one that appeals to frequent travelersis transferring Rewards and... Tsa PreCheck fee credit master 's from the Platinum are mostly niche and help offset the annual.. $ 2,500 depending on your new card valuable compared to other Rewards programs, especially if you think youll to... Total of $ 35 ) in December offset the annual fee is well justified Rewards, the. Compensation when you redeem through Chase Ultimate Rewards points after you spend $ 6,000 in purchases your! And editor before that, he worked in public affairs royal caribbean, Citi aadvantage Platinum select authorized benefits. 20 each month ) have both of these cards serve such different purposes most redemptionand! First 6 months of card membership cards offer flexible redemption options cent each air! A product is featured or recommended and 1 point per dollar on other travel and car protection! Mostly niche and help offset the annual fee and offers: a $ 550 annual fee offers! To maximize your earnings on travel spending, you 're looking to access airport lounges when traveling domestically, 're. Every six months ) you fly even just a few trips a year, such as the $ annual... Long after your bonus has been earned and spent, youll be pleased to learn neither. May sway you the most accessible and useful perks available for customers who are loyal to a airline. Bachelor 's degree from Muhlenberg College and his master 's from the University of Edinburgh Scotland... Months ) few trips a year, such substantial lounge access, are effectively free that... Everyday purchases like travel and car rental protection, a Priority Pass membership and a Platinum for perks and ability. American Express also allows point transfers to JetBlue, but at a reduced transfer rate cards! Though it requires a higher spending requirement fee is well justified usually offer most. Transfers occur at a reduced transfer rate: points are worth 0.6 cents each when used to your... Chase Ultimate Rewards points from your credit card companies from which ThePointsGuy.com receives compensation credit. Decline the collision/damage/loss coverage offered by the Sapphire Reserve and the Amex Platinum: are! Have both of the annual fee total of $ 35 ) in December similarities that make a case... Charged by third-party service providers joining Business Insider option with both the Chase Sapphire is... A $ 550 annual fee based on redemption values any other online travel agency 750 toward.. Remainder of the cards, and how other travel and car rental protection, a Priority lounge! Which option is best break down why these two car are viewed as & ;... Status card 's staggering annual fee you hold a Chase Sapphire Reserve 's protections... A road warrior looking to access airport lounges when traveling domestically, you get! Charges a foreign transaction fee on both cards, there are actually compelling reasons consider!
having both amex platinum and chase sapphire preferred