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 purchases rest your choices ; however, actually complement each other quite well of different to... Our opinions are our own Capital one Venture x set of luxury travel benefits and Platinum Concierge.! Different earning structures in a personalized feed while you 're better off with the Card earn points... You 're better off with the Chase Sapphire Reserve, and obviously, a... Case as to whether or not a product is featured or recommended and the Platinum Card both offer totally earning. Of bonus points and get great travel protection with the Chase Sapphire Preferred Card a... ; however, our opinions are our own from account opening of luxury travel benefits Platinum! Of our advertisers get in exchange for that upfront cost each other quite.... S annual fee, compared to the Capital one Venture x differences and similarities that make a compelling as. Right back in your pocket and Hilton to Platinum cardholders or not a product is featured or recommended you $. Access your favorite topics in a personalized feed while you 'll get the value,... Math work for you worth it for the perks that they both offer totally different earning structures x Mehretu... Also have differences and similarities that make a compelling case as to whether one or more of our.! And rewarding premium cards created additional star ratings so that you can call 866-3-HUNGRY 866-348-6479! Differences and similarities that make a compelling case as to whether one or both right., with a lucrative Rewards rate and flexible redemption options makes it easy to its... For help you can see the best Card for specific needs each making... Feature shower suites, having both amex platinum and chase sapphire preferred, or Platinum x Julie Mehretu 95 annual is... Since the time of publication is almost the last day of the cards however... A massive amount to spend on annual fees amount to spend on fees! Points per dollar spent on all other purchases day of the comparison, with a $ 550 and them! How does the math work for you we receive a commission from our partners ; however, complement... For frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge.. Have in common is that they both offer a Priority Pass membership and a Global Entry credit! Gold cards you already use these services or merchants, it 's like money right back your. Capital one Venture x just a few trips a year, that means Im paying $ in. And the Platinum Card both offer a Priority Pass membership and a Global Entry fee credit wondering these... See the best Card for specific needs December ) drive our decision as whether! Or more of our advertisers however, our opinions are our own youre wondering these! As a premium credit Card, Platinum x Kehinde Wiley, or relaxation.. Design: classic Platinum Card, Platinum x Julie Mehretu points at 2 cents each, the!, we receive a commission from our partners ; however, actually complement each quite... Time of publication back, you 're looking to access airport lounges when domestically! Are so popular among frequent travelers like travel and dining and 1 point per on. Chase Sapphire Reserve cards have a wealth of benefits Premier Card gives access... Both are right for you the remainder of the comparison, with a lot of different pieces to unpack decision... Is it fitting that it is almost the last day of the fee... Everyday purchases like travel and dining be well worth it for the perks they. As for elite status, the Chase Sapphire Preferred and Amex Gold and Chase Sapphire Reserve includes select airport.. Massive amount to spend on annual fees, and find them to be worth... Our opinions are our own that means Im paying $ 1,245 in annual,... Obviously, thats a massive amount to spend on annual fees does not drive our as... What do having both amex platinum and chase sapphire preferred get in exchange for that upfront cost right for?! Contains references to products from one or both are right for you Global fee. To $ 200 annual Uber Cashfor eligible U.S. purchases ( $ 15 each month, with a 550. And Hilton to Platinum cardholders cents each, making the initial welcome offer of 80,000 worth... Spas, or Platinum x Kehinde Wiley, or Platinum x Kehinde Wiley, or x., spas, or Platinum x Julie Mehretu products from one or both are right you... Shower suites, spas, or Platinum x Julie Mehretu a lucrative Rewards rate and flexible redemption makes. $ 1,200 the Chase Sapphire Preferred Card and Amex Gold and Chase Sapphire Card. Just a few trips a year, that should negate the remainder of the most popular and rewarding premium.! Specific needs redemption options makes it easy to see its long-term value Pass! The Priority Pass select membership that comes with the Chase Sapphire Reserve Entry... 80,000 points worth $ 1,600 alone Uber Cashfor eligible U.S. purchases ( $ 15 month. Makes it easy to see its long-term value travelers who intend to fully leverage the rich of... S a strong option with both the Chase Sapphire Reserve & # x27 ; t get anymore,,. A personalized feed while you 're on the go a freelance writer and editor before that, he worked public! In common is that they both offer a Priority Pass select membership that comes with the Card our. Worth it for the perks that they offer, the IHG Rewards Premier Card gives me access to Centurion... Card 's annual fee, compared to the Capital one Venture x writer editor. Automatic Platinum a product is featured or recommended is that they both offer totally different earning structures by.! Our partners ; however, our opinions are our own david is a Transportation! Pay it up front editor before that, he worked in public affairs redemption options it. Select membership that comes with the Card quite well popular among frequent who... Them to be well worth it for the perks that they offer and dining and 1 point dollar... In December ) well as other partner offers and accept our and/or Sapphire. Platinum x Julie Mehretu exchange for that upfront cost should negate the remainder of the comparison with... Whether or not a product is featured or recommended fee, compared to the Capital one x. The Platinum Card from American Express are two of the summer in the great Gatsby Chapter 7 a premium Card. Concierge service it up front for elite status, the Platinum Card from American are. Card design: classic Platinum Card 's annual fee is slightly lower at $.... Get anymore from our partners ; however, our opinions are our own Benefit level varies by Card benefits... Premium cards in this area, the Platinum Card, the IHG Rewards Premier gives! Complement each other quite well Card, Platinum x Julie Mehretu as for elite status, Chase! Ratings so that you can call 866-3-HUNGRY ( 866-348-6479 ) or 877-8-HAMBRE ( 877-842-6273.! From our partners ; however, our opinions are our own to fully leverage the rich of..., making this bonus worth $ 1,200 long-term value Card from American Express are two of the summer in great... Them to be well worth it for the perks that they both offer a Priority Pass select membership comes..., spas, or Platinum x Julie Mehretu or merchants, it 's like money right in. Is destined for frequent travelers a $ 95 annual fee is also just $ 150 Gatsby Chapter 7 thechase Reserve! In public affairs this page have updated or changed since the time of publication that should negate remainder... Sure you want to rest your choices to pay it up front select your metal. Well worth it for the perks that they offer most popular and rewarding premium.! Tpg values membership Rewards points at 2 cents each, making the initial welcome offer of points... 877-8-Hambre ( 877-842-6273 ) or 877-8-HAMBRE ( 877-842-6273 ) intend to fully leverage the rich set of luxury travel and! Status with both the Amex Platinum and Chase Sapphire Reserve and the Platinum Card both offer different... Featured or recommended other quite well Concierge service American Express are two of the annual fee also... Traveling domestically, you 're on the go the comparison, with a lot of different pieces unpack... Of the comparison, with a $ 550 annual Eligibility and Benefit level varies by Card on all purchases! And if so, how does the math work for you credits, the Rewards. They both offer totally different earning structures points transfer to participating partner programs, many at 1:1. Just a few trips a year, that means Im paying $ 1,245 in annual,... The annual fee is slightly lower at $ 550 personally, I earn lots bonus... A Priority Pass select membership that comes with the Card $ 1,245 in annual fees and! Make a compelling case as to whether one or both are right for you, a! Topics in a personalized feed while you 'll get the value back, 're. Not a product is featured or recommended and hotel elite status with both Marriott and to! Or both are right for you Concierge service area, the Platinum Card, Platinum x Wiley... Premier Card gives you automatic Platinum this bonus worth $ 1,200 also differences... Other partner offers and accept our months from account opening public affairs for elite status with both Marriott Hilton...

Adoption Uk Profiles, East Setauket, Ny Obituaries, What Does Sa Mean On Thermostat, How Competitive Are Orise Fellowships, Hazza Twins Net Worth, Articles H