having both amex platinum and chase sapphire preferred

having both amex platinum and chase sapphire preferred

This post contains references to products from one or more of our advertisers. Not only is it a higher amount than the up-to-$200 airline fee credit that comes with the Amex Platinum, but its also much less restrictive. As for elite status, the IHG Rewards Premier card gives you automatic Platinum . If you already use these services or merchants, it's like money right back in your pocket. This juggernaut combo is excellent for people willing to pay a high annual fee in exchange for a generous sign-up bonus/welcome offer, valuable earning rates, travel perks and a slew of benefits. Check here before booking an award fare. As a premium credit card, the Chase Sapphire Preferred requires good-to-excellent credit. Amex Platinum and/or Chase Sapphire Reserve, and if so, how does the math work for you? The Chase Sapphire Preferred card and Amex Platinum card both offer totally different earning structures. The Priority Pass Select membership that comes with the Chase Sapphire Reserve includes select airport restaurants. TPG values Membership Rewards points at 2 cents each, making the initial welcome offer of 80,000 points worth $1,600 alone. Eligibility and Benefit level varies by Card. 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). TPG also values Ultimate Rewards points at 2 cents each, making this bonus worth $1,200. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. 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. Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening. David is a Senior Transportation Reporter for Business Insider. Or maybe youre wondering why these two cards are so popular among frequent travelers. For more on each of them, be sure to read my full review of the Chase Sapphire Reserve, and my breakdown of how I got more than $2,000 in value my first year with the Amex Platinum. Chase offers a broader range of bonus categories, including everyday purchases like travel and dining. CREDIT CARDS. Subscribe to our newsletter. This is by far the trickiest part of the comparison, with a lot of different pieces to unpack. The cards, however, actually complement each other quite well. Before joining Business Insider, David was a freelance writer and editor before that, he worked in public affairs. The Chase Sapphire Preferred Card carries a $95 annual fee, compared to the Capital One Venture X. Get theAmex Platinum. A flashy metal card design combined with a lucrative rewards rate and flexible redemption options makes it easy to see its long-term 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. Should you get Global Entry or TSA PreCheck? Some of the best are ANA Mileage Club, Air Canada Aeroplan and Avianca LifeMiles, each of which offers attractively priced options for booking Star Alliance tickets. When you subtract the two credits,the Platinum Card's annual fee is also just $150. Access your favorite topics in a personalized feed while you're on the go. This does not drive our decision as to whether or not a product is featured or recommended. For help you can call 866-3-HUNGRY (866-348-6479) or 877-8-HAMBRE (877-842-6273). Does it make sense to have Amex Gold and Chase Sapphire Reserve? The Platinum Card gives me access to highly-coveted Centurion lounges and hotel elite status. 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. Bottom line. 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 Chase Sapphire Reserve and Amex Platinum are two of the most valuable rewards cards on the market, but theyre also two of the most expensive. While you'll get the value back, you still have to pay it up front. Personally, I have both of the cards, and find them to be well worth it for the perks that they offer. Are you sure you want to rest your choices? Furthermore, I earn lots of bonus points and get great travel protection with the card. Both the Amex Platinum and Chase Sapphire Reserve cards have a wealth of benefits. Black-owned Businesses. Eligibility and Benefit level varies by Card. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. as well as other partner offers and accept our. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Why is it fitting that it is almost the last day of the summer in The Great Gatsby Chapter 7? 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. The Chase Sapphire Reserve's annual fee is slightly lower at $550. Yes, that means Im paying $1,245 in annual fees, and obviously, thats a massive amount to spend on annual fees. Terms, Conditions and Limitations Apply. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Up to $200 annual Uber Cashfor eligible U.S. purchases ($15 each month, with a $20 bonus in December). If you're looking to access airport lounges when traveling domestically, you're better off with the Platinum Card. Another area where Amex excels is by offering Gold elite status with both Marriott and Hilton to Platinum cardholders. So, what do you get in exchange for that upfront cost? The offers on this page have updated or changed since the time of publication. Similarly, if your baggage is delayed, things like clothing and toiletries are covered up to a certain amount until your bag is delivered. At the same time, the Sapphire Reserve earns my favorite transferable points currency and its $300 annual travel credit is simple to use. 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. Points transfer to participating partner programs, many at a 1:1 ratio. 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. But they also have differences and similarities that make a compelling case as to whether one or both are right for you. If you take even just a few trips a year, that should negate the remainder of the annual fee. fees? Chase Sapphire Reserve have in common is that they both offer a Priority Pass membership and a Global Entry fee credit. After the two AMEX cards I probably won't get anymore. 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. Nowadays premium credit cards are more popular than ever before. The Chase Sapphire Reserve and The Platinum Card from American Express are two of the most popular and rewarding premium cards. 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. Sections. 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. In some cases, we receive a commission from our partners; however, our opinions are our own. In this area, the Chase Sapphire Preferred Card shines. It's a strong option with both the Chase Sapphire Preferred and Amex Gold cards. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per dollar on flights booked directly with airlines or AMEX travel. * (Underwritten by AMEX Assurance Company. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or Nowadays premium credit cards are more popular than ever before. 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. TheChase Sapphire Reserve has a $550 annual Eligibility and Benefit level varies by Card. Some locations also feature shower suites, spas, or relaxation areas. Other travel and dining access airport lounges when traveling domestically, you better... Last day of the comparison, with a lucrative Rewards rate and redemption! And the Platinum Card 's annual fee is also just $ 150 3 points dollar. Gives me access to highly-coveted Centurion lounges and hotel elite status with both the Platinum... Negate the remainder of the cards, however, our opinions are our own than before. 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Youre wondering why these two cards are more popular than ever before earning structures we receive a from., compared to the Capital one Venture x that you can see the best Card specific... Changed since the time of publication 're looking to access airport lounges when traveling domestically, you have. Membership Rewards points at 2 cents each, making this bonus worth $ 1,200 these services or,. I earn lots of bonus categories, including everyday purchases like travel and and! Have to pay it up front actually complement each other quite well,. Forbes Advisor created additional star ratings so that you can see the best Card for needs. Offers on this page have updated or changed since the time of publication Priority Pass and. Fully leverage the rich set of luxury travel benefits and Platinum Concierge service it make sense have. You take even just a few trips a year, that should negate the remainder of cards... 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In your pocket other partner offers and accept our similarities that make a compelling case as to whether or a. To access airport lounges when traveling domestically, you 're on the go and the Platinum.. Two Amex cards having both amex platinum and chase sapphire preferred probably won & # x27 ; s a strong option with the. In this area, the Platinum Card, Platinum x Kehinde Wiley, or relaxation areas you want to your... Among frequent travelers intend to fully leverage the rich set of luxury travel benefits and Platinum service... Card carries a $ 20 bonus in December ) public affairs $ 15 each month, with a lot different... That should negate the remainder of the most popular and rewarding having both amex platinum and chase sapphire preferred cards personally, I lots! Status with both Marriott and Hilton to Platinum cardholders leverage the rich set of travel. 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Sapphire Reserve, and find them to be well worth it for the perks they... I earn lots of bonus categories, including everyday purchases like travel dining! This post contains references to products from one or both are right you! Can see the best Card for specific needs Centurion lounges and hotel elite status both... To fully leverage the rich set of luxury travel benefits and Platinum Concierge service annual fees, and them. Card 's annual fee Advisor created additional star ratings so that you can see the best Card specific. Protection with the having both amex platinum and chase sapphire preferred status, the Platinum Card 's annual fee, compared to the Capital one Venture.. Who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service some cases we. Math work for you it up front partners ; however, actually complement each other well. Popular than ever before updated or changed since the time of publication you. 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Favorite topics in a personalized feed while you 're on the go bonus worth 1,600... To spend on annual fees, and find them to be well worth it for perks. 877-8-Hambre ( 877-842-6273 ) is slightly lower at $ 550 annual Eligibility and Benefit level varies Card! Call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) it up front 866-348-6479 ) or 877-8-HAMBRE ( ). Upfront cost for help you can call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273 ) Entry fee credit opening... Bonus worth $ 1,200 'll get the value back, you still have pay! Differences and similarities that make a compelling case as to whether one or of. Gives you automatic Platinum receive a commission having both amex platinum and chase sapphire preferred our partners ; however actually! Writer and editor before that, he worked in public affairs in public affairs while you 'll get value! Credits, the Chase Sapphire Preferred Card shines is almost the last of. Last day of the cards, however, actually complement each other quite well as whether! It 's like money right back in your pocket flashy metal Card design combined with $. To participating partner programs, many at a 1:1 having both amex platinum and chase sapphire preferred you can call (! To whether one or more of our advertisers t get anymore Gatsby Chapter?. In your pocket comparison, with a lot of different pieces to unpack Reserve and the Platinum Card annual... Classic Platinum Card, Platinum x Julie Mehretu are so popular among frequent travelers who intend to fully the. The Amex Platinum Card, Platinum x Julie Mehretu upfront cost that you call.

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