We may receive compensation when you click on links to those products. Dining and travel are both defined broadly by Chase, which means you’re more likely for a purchase to fall within its bonus categories than with Amex. The former built the market for premium rewards cards years ago; the latter is responsible for growing their mass appeal. If these benefits will be utilized, the average cost per user becomes less than $182 per cardholder per year ($725 total for primary cardholder + 3 users). And, your 3x travel (excluding $300 travel credit) and dining bonus categories are wide enough that you won’t be scratching your head trying to decide if you’re swiping the right card. Chase doesn’t currently offer any mid-range card to directly compete with the Amex Gold, so it’s possible this change is trying to create a one-stop-shop to woo over Amex customers who might have previously held both the Gold and Platinum. If you spend money on checked baggage and other airline incidental fees, use Uber, or shop at Saks, you’ll find value with the Amex Platinum card. The Amex Platinum Card earns points in the Amex Membership Rewards program. Chase Sapphire Reserve cardholders will get at least one year of unlimited complimentary delivery through DoorDash DashPass, as well as up to $60 in DoorDash statement credits each year for 2020 and 2021. The Chase Sapphire Reserve and Amex Platinum are two of the most popular premium rewards cards on the market, but they offer slightly different value propositions. ALL RIGHTS RESERVED. Value will vary based on the airline or hotel program. The first difference that stands out is that you can only earn big on the Amex Platinum card if you purchase flights directly through an airline or if you purchase flights and prepaid hotels through Amex Travel. Ever since the Sapphire Reserve launched in August 2016, competition between these two cards has been fierce. Based on this spending mix, you will have earned 32,000 Membership Rewards points with the Amex Platinum card and 36,000 Ultimate Rewards points with the Chase Sapphire Reserve card. Hi David. The Amex Platinum card offers a 12-month complimentary Uber Eats Pass subscription featuring a 5% discount on orders over $15 and $0 delivery (enroll by December 31, 2021). The Amex Platinum card offers cardholders complimentary emergency transportation and evacuation with no stated limit but does not offer roadside assistance or baggage delay. Related: When to book through Amex Fine Hotels & Resorts vs. Chase Luxury Hotel and Resort Collection. For more information on our advertisers, see here. The $300 annual travel credit will be automatically applied to a wide range of purchases. January 2020 update: The Sapphire Reserve and Amex Platinum annual fees are both now $550. © 2021 Upgraded Points™, LLC. American Express Platinum: $550. Both cards offer the option to earn rewards points on affiliated Amex and Chase no-annual-fee cards, then transfer and redeem with travel partners for potentially greater redemption value. Having this elite status benefit come complimentary with your credit card is significant if you stay often at the participating hotels. It refreshes every year on your card membership anniversary. The Amex Platinum card has strengths that center on luxury travel benefits with elevated earnings narrowed to specific travel purchases. Will a lounge that I can use with the platinum card ever come to ORD or CLT? I'm a Gold Card holder and thinking about either upgrading to the Platinum Card or getting the Shapphire Reserve Card. Imagine for a moment that you travel quite a bit and that you charge most of your travel and personal expenses on a credit card each year. The personal version of the Amex Platinum doesn’t offer any sort of bonus or rebate for using your points to pay for flights through the Amex Travel portal, but The Business Platinum Card® from American Express and the American Express® Business Gold Card offer 35% (up to 500,000 points per calendar year) and 25% rebates (up to 250,000 points per calendar year), respectively. Hot Tip: While a current 100,000-point welcome bonus offered by the Chase Sapphire Reserve card is specifically targeted, it’s possible to find a 100,000 point bonus on the Amex Platinum card. The card provides valuable no-stated-limit emergency transportation or evacuation benefits that can provide peace of mind when traveling. The Platinum Card® from American Express comes with a $550 annual fee (see rates and fees), and so does the Chase Sapphire Reserve®. Since then, the Reserve has offered a consistent sign-up bonus of 50,000 Chase Ultimate Rewards points after cardmembers spend $4,000 on purchases in the first three months of account opening. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This is because travel such as tours, cruises, train travel, taxis, and more are included in broad travel definition of the Chase Sapphire Reserve card. Secondary coverage means that you must first file a claim with your own auto insurance before coverage kicks in. Thank you for reading and for your input. Chase Sapphire Reserve: $450. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. Likewise, there’s a $60 DoorDash credit that can be used to cover food delivery from any DoorDash restaurant. Thanks again….. -Joe, Hi Joey and thanks for reading. The value of your rewards points, when redeemed for travel, will depend on how the points are redeemed. While welcome bonuses are only 1 element in the cards’ offerings, looking at the long-term value, in addition to the welcome bonus, allows you to pick a card that’s going to work best for you beyond the first year. Sign up for our daily newsletter and check out our beginner’s guide. The Chase Sapphire Reserve® vs. American Express Platinum Card® is a matchup between two of the most popular and luxurious travel cards. For example, purchases such as train tickets, car rentals, parking, tolls, ferries, and much more are included in the travel definition for the Chase Sapphire Reserve card. I’m also Diamond with Hilton and I typically like to use 1 card for all purchases. This breaks down as follows: Winner: Amex Platinum, with its airline and Uber credits, expanded airport lounge access and elite status with Marriott and Hilton, along with new travel protections. Click here to see a list of advertisers that we work with. Please see our Advertiser Disclosure for more details! With the Chase Sapphire Reserve card, you’re going to earn 3 points per dollar spent on all travel regardless of how you purchase. Now with identical annual fees of $550 a year (see rates and fees), these two cards take the cake as the most expensive publicly-available personal credit cards (ignoring invite-only options such as the Amex Centurion card). Bottom Line: The Amex Platinum card comes out ahead by offering complimentary elite status with hotel partners. We are not financial advisors or any bank, so we can’t help in this regard. Plus, the Chase Sapphire Reserve, while technically earning less in terms of bonus multiplier, does earn on a much wider range of purchases. 1 downside to note when booking hotels through Amex Travel is that hotel program elite status benefits do not apply. Amex has partially closed the gap, adding a new suite of travel insurance benefits to the Amex Platinum card for eligible purchases made on or after Jan. 1, 2020. Long after your bonus has been earned and spent, you want a card that will help you rack up valuable transferable points quickly. However, the Amex Platinum card is challenged in earning power by the Chase Sapphire Reserve card given you can earn more points in more ways with the Chase Sapphire Reserve card. Membership Rewards may be worth more when redeemed with the right airline transfer partner. Most frequent travelers appreciate the value of a premium travel rewards credit card. While welcome bonuses change periodically, they can be a large factor when selecting which card to apply for. Winner: Amex Platinum, with the added 10x bonus categories that can help outsize your earning potential in the first six months. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. When considering a new credit card, especially one with a $500+ annual fee, the first thing most people look at is the welcome offer or sign-up bonus to see how much of that annual fee they can start recouping immediately. Whichever you choose, you’re likely to be pretty happy with your decision (as long as you don’t … Given that paid access to these lounges can be expensive, the value of complementary lounge access can be quite substantial. I’ve updated the post now so thank you for pointing that out! Both cards offer the flexible option of transferring points to travel partners for the potential of even greater value for your points. TPG values Ultimate Rewards points at 2 cents each, making this bonus worth $1,000. Winner: Chase Sapphire Reserve, since it offers more flexibility with its 50% bonus for travel booked in Ultimate Rewards, the Pay Yourself Back feature and a 1:1 transfer ratio for all of its airline and hotel partners. Please view our advertising policy page for more information. The Lyft and DoorDash benefits will help put even more points and cash back in your wallet each year, though they may be of limited value if you don’t regularly use these services already. And while both the Amex Platinum and Chase Sapphire Reserve are worth it (they can easily save you more than $550 on travel each year), there’s not enough room in one wallet for both. Lyft Pink is a subscription service that Lyft sells outright for $19.99 per month. The Chase Sapphire Reserve and the Amex Platinum can both fit in your wallet, as long as you take advantage of the credit cards' unique, valuable benefits. I always book hotels, cars and airlines directly though American, Enterprise / Avis and Hilton, never though Kayak or a third party. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Have both American Express Platinum and Chase Sapphire Preferred. On the other hand, the Chase Sapphire Reserve is offering 3x on groceries (up to $1,000 per month) through April 30, 2021. Likewise, you’re automatically enrolled in Uber VIP when you add your Amex Platinum card to your Uber account. Any other cards to consider? Right now, new Amex Platinum cardholders can earn 10x on U.S. gas stations and U.S. supermarkets (up to $15,000 in combined spending) in the first six months. When comparing shopping protections and benefits, both cards offer similar coverage: Bottom Line: While one does not select a premium travel rewards credit card based solely on shopping-related protections, it is good to know that both cards offer similar shopping coverage. 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