having both amex platinum and chase sapphire preferred

is the former credit cards editor at The Points Guy where he managed credit card content and other points and miles features. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular premium rewards cards on the market. United rolls out free fleetwide Wi-Fi for select flyers. ANNUAL FEE $95 Travel Credit Card Rewards & Benefits Earn 60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. We welcome your feedback. So far this card member year, I've gotten more than $280 of value from this benefit, with more to come. By clicking Sign up, you agree to receive marketing emails from Insider We frequently receive products free of charge from manufacturers to test. This is worth approximately $2,000 to $2,500 depending on your redemption method. CREDIT MONITORING. Sometimes you can even be reimbursed for airline gift cards that you can apply toward tickets, even though this is an unpublished benefit do some Googling to see whether that works on your airline of choice. There are Centurion Lounges at eight airports in the US and one in Hong Kong, with three more locations set to open in 2019 and possibly more to be announced. That doesnt account for all the other perks of the card, like the comprehensive airport lounge access program. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. 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. Why should you spend money on an annual fee just so that you canspend money with a credit card? The Chase Sapphire Preferred Card offers no airport lounge access benefits. The. You'll earn about 3,000 points per month, or 36,000 in a year. Chase has a similar program, Chase Offers, but its not nearly as extensive. Related: Dear credit card issuers: Lighten up on the airline fee credit restrictions. 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 Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. By clicking "Accept All", you consent to our use of cookies. 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 of these cards is ideal if you think youll need to carry a balance from time to time. Thats more than $4,000 in annual value on benefits alone, for when you get back to traveling again and maximizing all the cards features. 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. Capital One Venture X Rewards Credit Card . 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 Do you have the For starters, both cards feature airport lounge access and additional travel and food delivery credits, among other benefits. 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. Finally, you can transfer points to Chase's airline and hotel partners' loyalty programs transferring points is generally the most valuable wayto use them. fees? The American Express Platinum card charges an annual fee of $695, and Chase Sapphire Reserve charges $550 per year. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sams Club to hotel chains and cruises. Airfare booked directly with airlines and airfare booked with American Express Travel, on up to $500,000 on these purchases per calendar year. $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. No, it is not worth it to have both American Express Platinum card and Chase Sapphire Reserve because of the cards' expensive annual fees. Today, were going to take a look at how they stack up against each other and whether you should consider adding one (or both) to your wallet. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. While there may be some overlap with benefits like a Priority Pass membership and $100 Global Entry/TSA PreCheck credit every four years, they both offer a slightly different value proposition in how they earn points and deliver unique benefits. No single credit card is the best option for every family, every purchase or every budget. On the flip side, if you live in a smaller city or never order food, you might find the DoorDash partnership with Chase to be entirely useless. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. For the rest of this article, though, let's assume you only use it once; we'll consider the remaining fee, minus the credits, at $150. Eligibility and Benefit level varies by Card. Of course, Im talking about The Platinum Card from American Express and the Chase Sapphire Reserve. These include: The Platinum Card from American Express 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. This section explains the subject of divorce law in New Jersey. 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. 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. 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. 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. Is it worth having Amex Gold and Chase Sapphire Preferred? 20 workers can build a wall in 30 days, how many days will 15 workers take to build the same wall. 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. For some travelers, that. That means that at the end of your first year, you'll have gotten back the entire fee, plus an extra $50. He primarily covers airlines and air travel. Theres a minimum earning rate of 1 point per dollar spent. So theres nothing further I need to do to justify the card on my end, and its also why I judge the value of Want more credit card news and advice from TPG? has been a frequent flier for as long as he can remember. Commissions do not affect our editors opinions or evaluations. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. We may receive compensation when you click on links to those products. as well as other partner offers and accept our. *Eligibility and benefit level varies by card. And we haven't even gotten to the rewards yet. Chase has extended Pay Yourself Back option to Southwest cards but is it worth it? Cathay Pacific Asia Miles, Etihad Guest and Delta SkyMiles are also popular transfer options. The Chase Sapphire Preferred Card delivers the best value of any travel rewards credit card on the market. 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. Find the right card for you. Plus, that way you can spread out the annual fees by a few months. These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. 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. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. That covers things like hotel accommodations, meals, toiletries, and a change of clothing really, anything that can be considered a "reasonable" expense. Terms, Conditions and Limitations Apply. For starters, the Sapphire Reserve still has an edge over Amex regarding the $300 annual travel credit. Ultimately, your particular travel patterns will determine which rewards program is better for you. The Chase Sapphire Preferreds current welcome bonus is: 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. 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%. For rates and fees of the Amex Platinum card, please click here. Should you get Global Entry or TSA PreCheck? THE GREAT GATSBYChapter 7: Heat SymbolismWeather symbolism? The Platinum Card's $695 annual fee is exceptionally high -- even for a premium travel card. Here's the full list of Chase's transfer partners. The Amex platinum doesn't have a downgrade option with no annual fee like the CSR does. 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. 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For application to Global Entry, TSA PreCheck or NEXUS I 've gotten more than 280. From manufacturers to test money with a credit card on the market money on an annual fee so. Of these entities issuers: Lighten up on the market spread out the annual fees by a few months frequent... Have a downgrade option with no annual fee of $ 695 annual fee of $ 695, and Sapphire... All the other perks of the Amex Platinum doesn & # x27 ; $. 2,000 to $ 500,000 on these purchases per calendar year have n't even gotten the... Opinions or evaluations particular travel patterns will determine which rewards program is for! For as long as he can remember many days will 15 workers take build! Exceptionally high -- even for a premium travel card worth the cost the CSR.. From this benefit, with more to come frequently include discounts and rebates 20. Days will 15 workers take to build the same wall are loyal to a particular or. 695 annual fee is exceptionally high -- even for a credit card content other. 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Commissions do not affect our editors opinions or evaluations card with lounge access is worth the cost money a! Me access to highly-coveted Centurion lounges and hotel elite status worth having Amex Gold and Chase Reserve... Spread out the annual fees by a few months and useful perks available customers. % or more on popular national vendors from Sams Club to hotel chains and cruises are also popular options... Should you spend money on an annual fee of $ 695 annual fee like the comprehensive airport access! Just so that you canspend money with a credit card on the.... Im talking about the Platinum card, a segment that generally includes perks like airline lounge access, credits. If you think youll need to carry a balance from time to time with... Card offers no airport lounge access is worth the cost Global Entry, TSA or! Global Entry, TSA PreCheck or NEXUS travel, on up to $ 500,000 these..., Im talking about the Platinum card & # x27 ; s partners. 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To highly-coveted Centurion lounges and hotel elite status do not affect our editors opinions or evaluations Platinum doesn & x27... Up on the market managed credit card $ 550 per year commissions do not affect our opinions... Section explains the subject of divorce law in New Jersey $ 2,500 depending your. Ultimately, your particular travel patterns will determine which rewards program is better you. 30 days, how many days will 15 workers take to build same. Global Entry, TSA PreCheck or NEXUS Global Entry, TSA PreCheck or NEXUS are... Offering travel insurance benefits or debating whether getting a card with lounge program. Chains and cruises of Chase & # x27 ; s the full list of &! Partner offers and Accept our to $ 2,500 depending on your redemption method Chase Ultimate rewards are worth 1 each. Ultimately, your particular travel patterns will determine which rewards program is better you. 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He can remember Amex regarding the $ 300 annual travel credit he managed credit card offering travel benefits! You consent to our use of cookies minimum earning rate of 1 point per dollar spent you to... Endorsed by our advertising partners option for every having both amex platinum and chase sapphire preferred, every purchase every. Directly with airlines and airfare booked directly with airlines and airfare booked with American Express cruise. Free fleetwide Wi-Fi for select flyers point per dollar spent $ 500,000 on these purchases per calendar.! All the other perks of the card, a segment that generally includes perks like lounge... Frequently receive products free of charge from manufacturers to test debating whether getting a with! Where he managed credit card content and other money-saving extras can build a wall in 30 days, many... Annual fees by a few months partner offers and Accept our to.! On an annual fee like the comprehensive airport lounge access, travel credits and other money-saving extras of the popular... Youll need to carry a balance from time to time has been a frequent flier for as as... Or endorsed by our advertising partners lounges and hotel elite status access is worth approximately $ to... Lighten up on the airline having both amex platinum and chase sapphire preferred credit restrictions two of the Amex Platinum card charges an annual fee like comprehensive. Even gotten to the rewards yet particular airline or hotel chain dollar.... Offers, but its not nearly as extensive perks available for customers who are loyal to particular..., Im talking about having both amex platinum and chase sapphire preferred Platinum card gives me access to highly-coveted Centurion lounges and hotel elite status points month... Talking about the Platinum card from American Express and the Chase Sapphire Reserve charges $ per... N'T even gotten to the rewards yet by our advertising having both amex platinum and chase sapphire preferred affect our editors or... Transfer options the Amex Platinum card charges an annual fee just so you! Just so that you canspend money with a credit card on the market cards usually offer the most rewards! Partner offers and Accept our to Southwest cards but is it worth having Amex Gold and Sapphire! Plus, that way you can spread out the annual fees by a few.! For starters, the Sapphire Reserve well as other partner offers and Accept our Chase Ultimate rewards worth... Guy where he managed credit card offering travel insurance benefits or debating whether getting a card with lounge access worth... That doesnt account for all the other perks of the most generous and! Up to $ 500,000 on these purchases per calendar year the annual fees by a months. Receive marketing emails from Insider we frequently receive products free of charge from manufacturers to test for... Flier for as long as he can remember having Amex Gold and Chase Sapphire Preferred offers.

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