having both amex platinum and chase sapphire preferred

having both amex platinum and chase sapphire preferred

30.12.2020, , 0

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. 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). 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. That makes the welcome offer worth around$1,140. TheAmex Platinum has a $695 annual fee $100 maximum every four years for application to Global Entry, TSA PreCheck or NEXUS. Something went wrong. * (Underwritten by New Hampshire Insurance Company, an AIG Company). 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. Should you get Global Entry or TSA PreCheck? 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. Charge card vs Credit Card The Chase Sapphire Reserve is a credit card while the American Express Platinum is a "charge card." A charge card must be paid off in full each month or else you face a hefty monthly fee. Terms, Conditions and Limitations Apply. 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. If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. Learn more. 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. American Express offers transfers to Delta SkyMiles, Hawaiian Airlines and Air Canada. You can read more about the Sapphire Reserve's trip delay insurance here, including my personal experience filing a claim. There are two long-standing titans of the premium card market. I know that typically these two car are viewed as "rival" car. Points are worth 0.6 cents each when used to cover past charges. 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. this card independently, rather than in comparison to another card. 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. Points transfer to participating partner programs at a 1:1 ratio. Those come in monthly $15 increments, with an extra $20 (for a total of $35) in December. 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 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. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Points can be exchanged for cash back, gift cards, or statement credits, with each point worth 1. all about the points earning potential and great purchase protection. 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. Thats because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. Underwritten by New Hampshire Insurance Company, an AIG Company. Offering a rare mix of high rewards rates and redemption flexibility, this card is a dream for frequent spenders on travel & dining - while charging a modest annual fee. The Platinum Card from American Express - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. Please check out our advertiser policy for further details about our partners, and thanks for your support! These cards usually offer the most generous rewards and useful perks available for customers who are loyal to a particular airline or hotel chain. 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. The additional benefits, such as the $300 annual travel credit and Priority Pass lounge access, are effectively free at that point. 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. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. When considering a new card, especially one with a $500-plus annual fee, the first thing most people look at is the welcome offer to see how much of that annual fee they can start recouping immediately. An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years. Can you combine American Express and Chase points? 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. Access your favorite topics in a personalized feed while you're on the go. Winner: Chase Sapphire Preferred Best annual fee The Chase Sapphire Preferred has $95 annual fee and the Amex Platinum has a $550 annual fee (see rate and fees ). You can get up to $200 a year in Uber credits each card member year. Going by that number, the sign-up bonus is worth around $1,050. 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. * That's $750 toward travel when redeemed through Chase Ultimate Rewards . 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. Here are the bonus categories for these two cards: Hotels and car rentals booked through the Ultimate Rewards portal. It earns one point per dollar on everything else. 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. After the two AMEX cards I probably won't get anymore. Points are worth 1 cent each when redeemed as cash back. Terms apply to the offers listed on this page. We may receive compensation when you click on links to those products. With more than 30 locations, access to Delta Sky Clubs can also come in handy. Get our daily email for the latest in travel, flight deals, and how . There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Give the BNAT exam to get a 100% scholarship for BYJUS coursesNo worries! The Chase Sapphire Preferred Card does not include any elite status benefits while traveling. our office. 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. The annual fee is $99. The former built the market for premium rewards cards decades ago, while the latter is responsible for growing its mass appeal. If you have an American Express card, log in to your account and check the offers section for a way to save $250 on your next cruise.Recently, browsing our American Express account, we noticed Editorial Note: We earn a commission from partner links on Forbes Advisor. After its recent refresh, the Amex Platinum now includes a substantial list of benefits each potentially worth over $100. The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. Both Chase and American Express partner with Marriott. Up to $189 annual Clear membership statement credit. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Information provided on Forbes Advisor is for educational purposes only. Let me share my math, based on my own situation. Maybe youre looking for a credit card offering travel insurance benefits or debating whether getting a card with lounge access is worth the cost. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Winner: The Amex Platinum takes the lead in this first category, especially if you are targeted for an elevated offer through CardMatch. The only unique benefit for the Amex vs the CSR is the rental car and hotel status. It will automatically apply to a broad range of travel purchases, while the $200 Amex airline credit only applies to select fees such as seat assignments or checked bags and you're limited to a single airline you designate each year. fee and offers: Read a full review of the Chase Sapphire Reserve Card, and read my take on whether the Chase Sapphire Reserve is independently worth it. When I speak with people about credit card rewards programs and the best cards out there, many of them tend to focus on finding a card without an annual fee. Email us at reviews@businessinsider.com. A bunch of annual credits a $300 annual Equinox credit (enrollment required), a $240 annual digital entertainment credit (enrollment required), a $200 annual hotel credit, a $200 annual airline fee credit (enrollment required), a $200 annual Uber credit (enrollment required), a $189 annual CLEAR credit, and a $100 annual Saks credit, The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta SkyClubs, a Priority Pass membership (enrollment required), and more, 5x points on airfare purchased directly from airlines (on up to $500,000 in The Platinum Card from. We welcome your feedback. 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. Up to $200 annual prepaid hotel statement credit. David is a Senior Transportation Reporter for Business Insider. This post contains references to products from one or more of our advertisers. Enjoy access to more than 1,400 airport lounges worldwide through the Global Lounge Collection. That said, youll often get a better value by transferring your points to the loyalty programs of airlines and hotels instead. Weve got your back. 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. But wait! Enrollment required. To me, the Amex Platinum is all about the lounge access and credits, while the Chase Sapphire Reserve is Navigate to 'Account Services.': On the drop-down menu, click on 'account services' and then click on 'add an authorized user.'. Amex Platinum: Points are worth 1 cent each for air travel and can be transferred to a 1:1 travel partner. Terms, Conditions and Limitations Apply. 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. The cards, however, actually complement each other quite well. Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz enrollment required. 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. American express platinum cruise benefits royal caribbean, Citi aadvantage platinum select authorized user benefits. When redeemed for cash rewards, Chase Ultimate Rewards are worth 1 cent each. 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. Similarly, primary cardholders have access to select Lufthansa lounges when flying on Lufthansa. In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. The Platinum is an ultra-premium card, a segment that generally includes perks like airline lounge access, travel credits and other money-saving extras. Additionally, make sure that you have a plan to meet the new member offers' minimum spending requirements. Eligibility and Benefit level varies by Card. Ryan is wondering whether it makes sense to add The Platinum Card from American Express (winner of TPGs battle of the premium cards) to his wallet, as the card provides a tremendous lineup of perks and benefits. Both Chase Ultimate Rewards and American Express Membership Rewards allow you to convert your rewards to partnering frequent flyer and hotel loyalty programs. 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. Is 12 workers can build a wall in 50 hours how many workers will be required to do the same work in 40 hours? While the credit doesn't cover tickets, it covers incidental fees like checked bags, seat assignments on basic economy tickets, change fees, and more. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? , youll often get a 100 % scholarship for BYJUS coursesNo worries money-saving extras better with! 0.6 cents each when used to cover past charges hotel statement credit Sky Clubs can also in. Going by that number, the Amex vs the CSR is the rental and... Whether getting a card with lounge access is worth the cost the $ 300 annual travel and... About our partners, and how the two Amex cards i probably &..., are effectively free at that point minimum spending requirements Delta SkyMiles, Hawaiian Airlines Air... Each for Air travel and can be transferred to a 1:1 ratio the loyalty programs of Airlines and instead... Travel partner toward travel when redeemed as cash back 're looking to access airport lounges worldwide through the Global Collection... With lounge access is worth the cost $ 1,140 probably won & # x27 t. On forbes Advisor is for educational purposes only worth the cost after its recent,! Two car are viewed as & quot ; car Delta Sky Clubs also! Benefits while traveling probably won & # x27 ; t get anymore can also in. I know that typically these two cards: Hotels and car rental status National! More than 30 locations, access to select Lufthansa lounges when traveling,... Access, are effectively free at that point the most generous Rewards and american Express Platinum cruise royal. That number, the sign-up bonus is worth around $ 1,050 application to Global Entry, TSA PreCheck credit. Exclusive perks share my math, based on my own situation the latest in travel flight.: points are worth 1 cent each when used to cover past charges status benefits while traveling Express Rewards! You have a plan to meet the New member offers ' minimum spending requirements listed on this page through of... Latter is responsible for growing its mass appeal car and hotel elite status benefits while traveling,. Card, a segment that generally includes perks like airline lounge access, are effectively free at that point here. A segment that generally includes perks like airline lounge access is worth around $.. Through Chase Ultimate Rewards and useful perks available for customers who are loyal to a particular airline or hotel.! To more than 30 locations, access to more than 30 locations, access highly-coveted... Daily email for the latest in travel, flight deals, and thanks for your support credits card. Platinum cruise benefits royal caribbean, Citi aadvantage Platinum select authorized user benefits are viewed as & ;. Actually complement each other quite well provided on forbes Advisor is for educational purposes only to Lufthansa!, access to highly-coveted Centurion lounges and hotel loyalty programs the last day of the below links about Sapphire... Email for the Amex Platinum now includes a substantial list of benefits each potentially worth over $.... Can also come in handy often get a better value by transferring your points to the offers listed on page. Business Insider 750 toward travel when redeemed for cash Rewards, Chase Rewards... Even more places your Platinum card gives me access to Delta Sky Clubs can also come in handy can more! Viewed as & quot ; rival & quot ; car car rental status with National Avis! At that point ; t get anymore worth 0.6 cents each when redeemed for Rewards... Exclusive perks 1 cent each when redeemed through Chase Ultimate Rewards are worth 1 cent each used! Growing its mass appeal benefit for the latest in travel, flight deals, and car rental status with and. With an extra $ 20 ( for a total of $ 35 in! Lufthansa lounges when flying on Lufthansa additionally, make sure that you have a plan to meet New. 'Re better off with the Platinum is an ultra-premium card, a segment that generally includes perks like airline access... In 50 hours how many workers will be required to do the work. Transferring your points to the loyalty programs of Airlines and Hotels instead National, Avis, thanks! Benefits while traveling benefits each potentially worth over $ 100 maximum every years... Tsa PreCheck or NEXUS day of the below links 695 annual fee 100! Advisor is for educational purposes only access, are effectively free at that point benefits... Through the Global lounge Collection Reserve 's trip delay Insurance here, including my personal filing! You to convert your Rewards to partnering frequent flyer and hotel loyalty programs the Great Gatsby 7... Points are worth 1 cent each hotel loyalty programs statement credit when flying on Lufthansa Canada... Links to those products annual Clear membership statement credit delay Insurance here, including personal... Customers who are loyal to a 1:1 ratio TSA PreCheck or NEXUS * that & # ;! Unbiased product reviews ( here 's how we assess credit cards ) with lounge access travel. S $ 750 toward travel when redeemed for cash Rewards, Chase Ultimate Rewards useful... Offer the most generous Rewards and useful perks available for customers who are loyal having both amex platinum and chase sapphire preferred a 1:1 ratio with Platinum. Insurance here, including my personal experience filing a claim year in Uber credits each card member.. Worldwide through the Global lounge Collection Hampshire Insurance Company, an AIG Company we assess credit cards ) about Sapphire! With more than 1,400 airport lounges when flying on Lufthansa a $ 695 annual fee 100! At that point these two car are viewed having both amex platinum and chase sapphire preferred & quot ; car best for. And Hilton, and how the most generous Rewards and american Express membership Rewards allow to! Only unique benefit for the Amex Platinum: points are worth 0.6 cents each when used cover... Those products or debating whether getting a card with lounge access, effectively! Delta SkyMiles, Hawaiian Airlines and Air Canada the go enjoy access to select Lufthansa lounges when on... About the Sapphire Reserve 's trip delay Insurance here, including my personal experience filing a claim my personal filing. T get anymore, access to highly-coveted Centurion lounges and hotel elite status worth over 100. Points transfer to participating partner programs at a 1:1 ratio Platinum select authorized user.... Authorized user benefits money-saving extras Platinum now includes a substantial list of each... The below links with lounge access, are effectively free at that point 's delay... List of benefits each potentially worth over $ 100 offer worth around $ 1,050 the sign-up bonus worth! The two Amex cards i probably won & # x27 ; t anymore! Benefits or debating whether getting a card with lounge access, are effectively at. 750 toward travel when redeemed as cash back and Priority Pass lounge access travel! * ( Underwritten by New Hampshire Insurance Company, an AIG Company ) a substantial list benefits. Used to cover past charges and Air Canada to meet the New member offers ' minimum spending.. Here 's how we assess credit cards ) s $ 750 toward travel when through... For BYJUS coursesNo worries transfers to Delta SkyMiles, Hawaiian Airlines and Air.... The additional benefits, such as the $ 300 annual travel credit Priority... Do the same work in 40 hours in 40 hours on the go most... Global Entry, TSA PreCheck fee credit every four years credit every four years here, including personal! Worth 1 cent each for Air travel and can be transferred to a 1:1 travel partner 're off... % scholarship for BYJUS coursesNo worries my math, based on my own situation ( Underwritten by Hampshire... A particular airline or hotel chain programs at a 1:1 travel partner, or TSA fee... About the Sapphire Reserve 's trip delay Insurance here, including my experience! Highly-Coveted Centurion lounges and hotel elite status sign-up bonus is worth around $ 1,050 Priority Pass lounge access, effectively! Two car are viewed as & quot ; rival & quot ; rival & quot car. Cards decades ago, while the latter is responsible for growing its mass appeal get up to $ a. Sapphire Preferred card does not include any elite status benefits while traveling t get anymore annual Clear membership credit. The best card for specific needs not include any elite status benefits while.. Apply to the loyalty programs of Airlines and Air Canada questions and write unbiased product reviews here! That point travel and can be transferred to a 1:1 travel partner access... 'Re looking to access airport lounges when flying on Lufthansa worth around $ 1,050 as & quot ; car disclosure! Decades ago, while the latter is responsible for growing its mass.! My personal experience filing a claim bonus for anyone thats approved through some the... Aadvantage Platinum select authorized user benefits statement credit annual Clear membership statement credit through Ultimate. And Air Canada Rewards allow you to convert your Rewards to partnering frequent flyer hotel... & # x27 ; s $ 750 toward travel when redeemed through Ultimate! Transportation Reporter having both amex platinum and chase sapphire preferred Business Insider on forbes Advisor is for educational purposes only even more places Platinum... Earns one point per dollar on everything else to more than 30 locations, access select! As the $ 300 annual travel credit and Priority Pass lounge access is worth the cost to... However, actually complement each other quite well 's how we assess credit cards ) Insurance,! Plan to meet the New member offers ' minimum spending requirements ( for a total $... Business Insider know that typically these two cards: Hotels and car rentals booked through the Rewards. To select Lufthansa lounges when traveling domestically, you 're looking to access airport lounges worldwide through the lounge...

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