Amex Platinum Points Vs Chase Sapphire Reserve in 2024
Are you someone who loves to travel and is always on the lookout for ways to earn rewards and benefits from your credit card? If so, then you may be wondering which card is better for you – the Amex Platinum Points or the Chase Sapphire Reserve.
Both cards offer a range of benefits and rewards, but which one is right for you?
In this guide updated for 2024, we will provide an in-depth comparison of these two super duper popular credit cards. We’ll analyze their rewards programs, travel benefits, and other important features to help you make an informed decision so that you can maximize your points and gains!
Whether you’re a frequent traveler or simply looking for a great rewards program, read on to find out which card is best suited to meet your needs. With our objective analysis, we’ll help liberate your mind from confusion and guide you towards making a smart choice that fits your lifestyle.
Overview of the Amex Platinum Points
You’re going to love the Amex Platinum Points – they’re like a golden ticket to luxury travel, whisking you away to exotic destinations with ease. With the ability to transfer points to over 20 airline and hotel partners, the options for redemption are endless.
Plus, when you book through the Amex Travel Portal, you can receive 5x points on flights and hotels. The earning potential for Amex Platinum Points is impressive as well. You can earn 5x points on flights booked directly with airlines or through American Express Travel, as well as on prepaid hotels booked through amextravel.com.
Additionally, you can earn 1 point per dollar spent on all other purchases. And let’s not forget about the welcome bonus – currently up to 75,000 Membership Rewards points after spending $5,000 in the first six months of card membership.
Overall, if you’re looking for a rewards program that offers flexibility and high earning potential for luxury travel experiences, Amex Platinum Points may be just what you need.
By the way, If you want to sell your Amex Points you can click here.
Overview of the Chase Sapphire Reserve
Exploring the benefits of the Chase Sapphire Reserve, you’ll find that it offers an enticing rewards structure that is designed to appeal to frequent travelers. With this card, you can earn 3x points per dollar spent on travel and dining purchases, as well as 1x point per dollar on all other purchases.
The points earned can be redeemed for various travel-related expenses, such as flights, hotels, rental cars, and cruises. Furthermore, if you book your travel through the Chase Ultimate Rewards portal using your points, you’ll receive a 50% bonus on their value.
To be eligible for the Chase Sapphire Reserve, you must have excellent credit and meet certain income requirements. Additionally, this card comes with a hefty annual fee of $550. However, it also includes a number of valuable perks such as airport lounge access through Priority Pass Select membership and an annual $300 statement credit towards travel purchases.
All in all, if you’re a frequent traveler who values flexibility in redeeming rewards and wants to enjoy premium perks while on-the-go, the Chase Sapphire Reserve may be just what you need!
And also, if you want to sell your Chase Sapphire Reserve Points you can click here.
Comparison of Rewards Programs Amex Platinum Points vs Chase Sapphire Reserve
If you’re a frequent traveler who wants to compare rewards programs, it’s important to take a closer look at the benefits offered by different credit cards.
When comparing the Amex Platinum and Chase Sapphire Reserve, points valuation is an important factor to consider. The Amex Platinum offers 5x points on flights booked directly with airlines and hotels booked through amextravel.com. Meanwhile, the Chase Sapphire Reserve offers 3x points on travel (excluding $300 travel credit) and dining purchases.
Comparison table between Amex Platinum Points vs. Chase Sapphire Reserve updated for Jan 2024!
| Aspect | American Express Platinum Points | Chase Sapphire Reserve Points |
|---|---|---|
| Credit Card Issuer | American Express | Chase |
| Annual Fee | Typically higher annual fee, but with a range of premium benefits. | High annual fee, but offers valuable travel perks and benefits. |
| Welcome Bonus | Offers substantial welcome bonuses upon meeting spending requirements. | Provides generous welcome bonuses to new cardholders. |
| Earning Rate | Varies by card but may offer bonus points for specific categories. | Earns points on travel and dining with additional bonus categories. |
| Transfer Partners | Provides access to a variety of airline and hotel transfer partners. | Features a selection of airline and hotel partners for point transfers. |
| Redemption Options | Offers diverse redemption choices, including flights, hotels, and more. | Provides flexibility in redemption options, including travel and cash back. |
| Travel Benefits | Includes airport lounge access, airline fee credits, and elite status with hotels. | Offers Priority Pass membership, travel credits, and trip cancellation insurance. |
| Global Acceptance | Widely accepted internationally with access to Amex’s global network. | Accepted worldwide, offering Visa’s global payment network. |
| No Foreign Transaction Fees | Typically, American Express cards do not charge foreign transaction fees. | No foreign transaction fees, making it suitable for international travel. |
| Points Value | The value of Membership Rewards Points can vary based on redemption methods. | Points have a fixed value when redeemed for travel through Chase. |
| Points Transfer Bonuses | May offer occasional transfer bonuses, increasing the value of points. | No transfer bonuses, but points have a fixed and competitive value. |
| Additional Cardholder Benefits | Includes premium perks like hotel status, Fine Hotels & Resorts program, and concierge service. | Provides travel and purchase protections, including trip interruption insurance. |
| Annual Travel Credits | Offers annual travel credits that can offset the annual fee. | Provides an annual travel credit that can help offset the fee. |
| Global Entry/TSA PreCheck Credit | Provides a credit to cover the application fee for Global Entry or TSA PreCheck. | Offers a credit for Global Entry or TSA PreCheck application fees. |
| Statement Credits | Offers statement credits for certain purchases, such as Uber rides and Saks Fifth Avenue. | Provides statement credits for travel and dining purchases. |
Redemption options are also a key consideration when comparing these two rewards programs. The Amex Platinum allows for redemption of Membership Rewards points for travel through their portal or transfer to airline partners, while the Chase Sapphire Reserve allows for redemption of Ultimate Rewards points for travel through their portal or transfer to airline/hotel partners.
Both cards offer valuable benefits that cater to frequent travelers, but ultimately it comes down to personal preference and which program better suits your needs.
Comparison of Travel Benefits Amex Platinum Points vs Chase Sapphire Reserve
Get ready to experience the ultimate travel benefits showdown between two top credit cards: Amex Platinum Points and Chase Sapphire Reserve.
When it comes to travel insurance, both cards offer a range of benefits that can provide peace of mind during your travels. The Amex Platinum Points card offers coverage for trip cancellation and interruption, baggage loss or delay, and emergency medical expenses when traveling abroad. Meanwhile, the Chase Sapphire Reserve provides similar perks but also includes trip delay reimbursement and emergency evacuation coverage.
Lounge access is another aspect of travel where both cards excel. The Amex Platinum Points card grants access to several airport lounges including Centurion Lounges and Priority Pass Select membership while the Chase Sapphire Reserve offers Priority Pass Select membership as well.
Travel Benefits of Amex Platinum Points vs. Chase Sapphire Reserve in a comparison table manner:
| Travel Benefits | American Express Platinum Points | Chase Sapphire Reserve Points |
|---|---|---|
| Airport Lounge Access | Provides access to Centurion Lounges, Priority Pass, Delta Sky Club, and more. | Offers Priority Pass Select membership for access to airport lounges. |
| Global Entry/TSA PreCheck Credit | Reimburses the application fee for Global Entry or TSA PreCheck. | Offers a credit for Global Entry or TSA PreCheck application fees. |
| Airline Fee Credits | Provides annual credits for airline incidentals, like baggage fees and in-flight purchases. | Offers an annual travel credit that can be used for a wide range of travel expenses. |
| Hotel Elite Status | Grants Marriott Bonvoy Gold Elite status and Hilton Honors Gold status. | Offers access to the Luxury Hotel & Resort Collection and other benefits. |
| Fine Hotels & Resorts Program | Provides access to premium hotel benefits, including room upgrades and dining credits. | Offers exclusive benefits and amenities at select luxury hotels and resorts. |
| Concierge Services | Offers 24/7 concierge services to assist with travel arrangements and reservations. | Provides access to a dedicated concierge team to assist with travel planning. |
| Travel Insurance | Includes travel insurance coverage such as trip cancellation and baggage protection. | Offers a variety of travel protections, including trip interruption and delay coverage. |
| No Foreign Transaction Fees | Typically, American Express cards do not charge foreign transaction fees. | No foreign transaction fees, making it suitable for international travel. |
| Transfer Partners | Provides access to a variety of airline and hotel transfer partners for versatile redemptions. | Features a selection of airline and hotel partners for point transfers. |
| Annual Travel Credits | Offers annual travel credits that can offset the annual fee. | Provides an annual travel credit that can help offset the fee. |
| Car Rental Benefits | Includes car rental privileges and discounts with select rental car companies. | Offers car rental insurance coverage and discounts with car rental agencies. |
| Emergency Assistance | Provides access to 24/7 emergency assistance services while traveling. | Offers access to travel and emergency assistance services. |
| Global Acceptance | Widely accepted internationally with access to Amex’s global network. | Accepted worldwide, offering Visa’s global payment network. |
| Points Value | The value of Membership Rewards Points can vary based on redemption methods. | Points have a fixed value when redeemed for travel through Chase. |
| Points Transfer Bonuses | May offer occasional transfer bonuses, increasing the value of points. | No transfer bonuses, but points have a fixed and competitive value. |
However, if you are looking for hotel benefits or airline credits, these differ between the two cards. The Amex Platinum Points card offers complimentary room upgrades at select hotels and an annual $200 airline fee credit while the Chase Sapphire Reserve has a $300 annual travel credit that can be used towards any travel purchases made with the card.
Ultimately, which card you choose will depend on your specific needs as a traveler.
Other Card Features Amex Platinum Points vs Chase Sapphire Reserve
Apart from travel benefits, there are other features that distinguish the two credit cards. One of them is the redemption options available with each card. With Amex Platinum, points can be redeemed for travel expenses through Amex Travel or transferred to airline and hotel loyalty programs.
Amex Platinum Points Card Features in a table manner:
| American Express Platinum Points Features |
|---|
| 1. Membership Rewards Points: Earn points for every dollar spent on eligible purchases with your American Express Platinum Card. |
| 2. Transfer Partners: Access to a wide range of airline and hotel transfer partners for flexible point redemptions. |
| 3. Travel Benefits: Enjoy premium travel perks, including airport lounge access, Global Entry/TSA PreCheck credit, and travel insurance. |
| 4. Hotel Elite Status: Receive Marriott Bonvoy Gold Elite and Hilton Honors Gold status for enhanced hotel stays. |
| 5. Fine Hotels & Resorts Program: Access exclusive benefits at luxury hotels, such as room upgrades and dining credits. |
| 6. Concierge Services: 24/7 concierge services to assist with travel reservations and other arrangements. |
| 7. Travel Insurance: Comprehensive travel insurance coverage, including trip cancellation, baggage protection, and car rental insurance. |
| 8. No Foreign Transaction Fees: Use your card internationally without incurring foreign transaction fees. |
| 9. Car Rental Privileges: Enjoy car rental privileges and discounts with select rental car companies. |
| 10. Emergency Assistance: Access 24/7 emergency assistance services while traveling. |
| 11. Global Acceptance: Widely accepted worldwide, offering global payment convenience. |
| 12. Annual Travel Credits: Receive annual travel credits to offset the card’s annual fee. |
| 13. Points Value: Flexible point redemption options, although point values can vary based on how you use them. |
| 14. Points Transfer Bonuses: Occasional transfer bonuses can increase the value of your points when transferring to partners. |
On the other hand, Chase Sapphire Reserve allows for more flexibility in redeeming points, including cash back, gift cards, and travel expenses. Another important factor to consider when choosing between these two credit cards is their annual fees.
Chase Sapphire Reserve Card Features in a table manner:
| Chase Sapphire Reserve Card Features |
|---|
| 1. Generous Welcome Bonus: Offers substantial welcome bonuses to new cardholders upon meeting spending requirements. |
| 2. Travel Rewards: Earns valuable points on travel and dining purchases, making it ideal for frequent travelers and food enthusiasts. |
| 3. Transfer Partners: Access to a selection of airline and hotel transfer partners for flexible point redemptions. |
| 4. Priority Pass Select: Provides complimentary Priority Pass membership for access to airport lounges worldwide. |
| 5. Travel Insurance: Offers extensive travel protections, including trip cancellation, trip interruption, and travel accident insurance. |
| 6. Global Entry/TSA PreCheck Credit: Reimburses the application fee for Global Entry or TSA PreCheck, expediting airport security. |
| 7. Annual Travel Credit: Includes an annual travel credit that can be used for various travel-related expenses. |
| 8. Points Value: Points have a fixed value when redeemed for travel through the Chase Ultimate Rewards portal. |
| 9. Luxury Hotel & Resort Collection: Provides exclusive benefits and amenities at select luxury hotels and resorts. |
| 10. Dining Benefits: Offers access to special dining events and reservations through the Reserve’s culinary experiences. |
| 11. No Foreign Transaction Fees: Use your card internationally without incurring foreign transaction fees. |
| 12. Car Rental Benefits: Includes car rental insurance coverage and discounts with participating car rental companies. |
| 13. DoorDash Benefits: Enroll in DashPass for complimentary food delivery and reduced service fees on eligible orders. |
| 14. Annual Fee: Comes with a premium annual fee, but the card’s benefits often offset the cost for frequent travelers. |
| 15. Points Transfer Bonuses: May provide transfer bonuses to certain partners, enhancing the value of your points. |
While both cards have high annual fees (Amex Platinum at $550 and Chase Sapphire Reserve at $550), they also offer various credits that can offset some of the cost. For example, Amex Platinum provides a $200 airline fee credit and up to $200 in Uber credits annually, while Chase Sapphire Reserve offers a $300 annual travel credit and up to $60 in DoorDash credits per year.
Ultimately, it’s important to weigh the redemption options and annual fees against your personal spending habits and lifestyle before deciding which card is right for you.
Which Card is Right for You Amex Platinum Card vs. Chase Sapphire Reserve
To decide which credit card suits your lifestyle and spending habits, consider the annual fees and redemption options available to you. The American Express Platinum Card has an annual fee of $550, while the Chase Sapphire Reserve has a lower annual fee of $450. However, the Amex Platinum offers more exclusive benefits such as airport lounge access and travel credits that can make up for its higher fee.
When it comes to credit score requirements, both cards require good to excellent credit scores. The Chase Sapphire Reserve may be easier to qualify for as it only requires a minimum credit score of 720, while the Amex Platinum requires a higher score of at least 750.
It’s important to note that applying for multiple credit cards at once can negatively impact your credit score, so choose wisely based on your needs and current financial situation. Ultimately, weigh the pros and cons of each card carefully before making a decision that fits your lifestyle and budget.
Frequently Asked Questions
- Can I transfer my Amex Platinum Points to Chase Sapphire Reserve?
- Yes, you can transfer Amex Platinum points to Chase Sapphire Reserve through their transferability options. The point conversion rates vary, so be sure to compare the rates before making a transfer. What is the maximum value I can get from Amex Platinum Points or Chase Sapphire Reserve?
- When it comes to redeeming strategies, premium credit cards like Amex Platinum and Chase Sapphire Reserve offer great value. However, comparing them solely on their maximum point value is not enough. Consider other benefits such as travel perks and annual fees.
- Are there any limitations on the travel benefits offered by these cards?
- When considering travel rewards, it’s important to be aware of limitations on benefits. While both Amex Platinum and Chase Sapphire Reserve offer impressive perks, each has its own pros and cons.
- Is there any difference in the acceptance of these cards internationally?
- When traveling abroad, it’s important to consider cross border acceptance and foreign transaction fees for your credit card. Some cards may have limited acceptance in certain countries or charge high fees.
- Can I redeem my rewards for cashback or statement credit instead of travel rewards?
- Yes, both Amex Platinum Points and Chase Sapphire Reserve allow for cashback redemption or statement credit redemption. This provides the flexibility to use your rewards towards any purchase or pay off your balance directly
For more FAQ’s you can click HERE.
Chase vs Amex the battle of the century!
So, which card is right for you? It ultimately depends on your personal preferences and spending habits.
If you’re a frequent traveler who values luxury perks and access to airport lounges, the Amex Platinum Points may be the better choice for you. However, if you prioritize earning rewards on everyday purchases and prefer a lower annual fee, the Chase Sapphire Reserve could be the way to go.
Both cards offer impressive rewards programs and travel benefits that can enhance your overall experience. Ultimately, it’s important to carefully consider your priorities and choose the card that aligns with them best.
Regardless of which one you choose, both the Amex Platinum Points and Chase Sapphire Reserve are excellent options for those seeking premium credit cards with top-notch benefits.
