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When you’re comparing travel cards, there are two that are usually at the top—the Chase Sapphire Preferred® Card and The Platinum Card® from American Express. While they are both excellent travel rewards cards thanks to their perks and partnerships, they are also great for everyday use. Chase and American Express are known for being some of the top card issuers with the top partnerships.

Plus, they both have exciting signup/welcome bonus offers of 100,000 bonus points, the highest ever for these cards, that can help maximize any travel plans. So who wins between the Chase Sapphire Preferred® Card and The Platinum Card® from American Express? Today I’ll be comparing them to see which popular card adds more value.

100,000 bonus points: Chase Sapphire Preferred® Card

100,000 bonus points: The Platinum Card® from American Express (Learn more: Johnny Jet Recommended Credit Cards)

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Chase Sapphire Preferred vs American Express Platinum
Chase Sapphire Preferred vs American Express Platinum 2021

Best Signup/Welcome Bonus: Chase Sapphire Preferred vs American Express Platinum

Chase Sapphire Preferred Card

New Chase Sapphire Preferred® Card cardholders can earn 100,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $1250 when redeemed through Chase Ultimate Rewards®. This is the highest bonus offer ever for the Chase Sapphire Preferred

There is a $95 annual fee.

You’re eligible to receive the bonus on the Chase Sapphire Preferred if you don’t currently hold the product, and it’s been at least 24 months since you last received a bonus on the card.

Also, if you’ve applied for more than 5 credit card products in the last 24 months, you most likely won’t be approved for the Chase Sapphire Preferred with a credit score of under 670.

You can compare the Sapphire Preferred with the other top Chase credit cards in this post if you’re close to hitting the 5/24 rule but still want a Chase product.

Related: 3 Reasons to Get the Chase Sapphire Preferred Bonus Offer

The Platinum Card from American Express

New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. New cardholders also earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Terms apply. 

If you’ve previously had the card, note that the offer terms for the Amex Platinum Card from the application page state:

“This offer is also not available to applicants who have or have had a Platinum Card® account enrolled in the Membership Rewards® program.”

That means you can only receive the welcome bonus once per lifetime on personal American Express cards (this rule does not apply to American Express business cards).

Winner: Tie

Best Perks: Chase Sapphire Preferred vs American Express Platinum

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card comes with no foreign transaction fees and smart chip technology, making it a great international travel option. It also offers a category bonus of 2x Ultimate Rewards points per $1 on dining and travel purchases. Cardholders also earn 5x points on Lyft rides through March 2022. 

Other perks include primary CDW on car rentals, 10,000 trip insurance, and more Sapphire Preferred benefits explained in this post.

The Chase Sapphire Preferred (CSP) is also a Visa Signature card, which unpacks more value, like free movies, wine tastings, and additional savings.

Additional Chase Sapphire Preferred Perks for 2020 and 2021

There are several new perks for Chase Sapphire Preferred cardholders for the next few months.

This includes unlimited deliveries with no delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with a DashPass subscription from DoorDash. This is worth over $100 value. But, you must activate your card by December 31, 2021.

Additionally, cardholders can earn up to $60 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership, including 1,000s of on-demand or live fitness classes. Also to note, new Peloton Digital Members are entitled to a 30-day free trial by visiting Onepeloton.com/ChaseSapphire and enrolling using your Sapphire Preferred card.

Points are worth 25% more now through September 30, 2021, when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.

Points are also worth 25% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through September 30, 2021.

American Express Platinum

For starters, you earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel, up to $500,000 on these purchases per calendar year. Prepaid hotels booked with American Express Travel earn unlimited 5x points.

Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.

If you ride Uber or use Uber Eats, this credit will make you happy. Cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.

Plus, American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.

Terms apply. Enrollment may be required.

The annual fee is $695 (See Rates & Fees) but can be offset with the perks, which are valued at over $1,400.      

New The Platinum Card from American Express Benefits

There’s also a new digital entertainment credit. Cardholders can get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.

In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $179 back per year on their CLEAR® membership. Terms apply.

Another exciting new benefit is the ability for cardholders to enjoy up to $25 back each month on select Equinox memberships. This amounts to up to $300 annually. Enrollment required.

Terms apply. Enrollment may be required.

Honestly, the Platinum Card comes with so many perks that if you were to use them all, you could offset the annual fee. You can read more about these perks in our in-depth The Platinum Card from American Express review.

However, if the fee is still a little too high and you prefer American Express over Chase, consider one of the other great American Express cards.

Learn more: Johnny Jet Recommended Credit Cards

Additional Amex Platinum Benefits

You will also receive a $100 statement credit for Global Entry (expedited service through U.S. Customs when returning from a trip abroad) or an $85 statement credit for TSA PreCheck—an excellent benefit if you travel frequently.

You will also receive free Boingo WiFi, car rental elite status, and Fine Hotels and Resorts benefits.

Additionally, cardholders can get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on their Platinum Card®. That’s up to $50 in statement credits semi-annually. However, they must be enrolled for this benefit to apply.

This is the credit score you’ll need for the Amex Platinum.

Which rewards credit card has more perks?

I like that the Chase Sapphire Preferred has category bonuses, but the Amex Platinum card offers more robust travel benefits. So the winner in perks between the Chase Sapphire Preferred vs American Express Platinum is:

Winner: The Platinum Card® from American Express (Learn more: Johnny Jet Recommended Credit Cards)

Best Points? Chase Ultimate Rewards vs American Express Membership Rewards 

Ultimate Rewards

The Chase Sapphire Preferred earns valuable Ultimate Rewards (UR) points, which can be redeemed through their online portal for flights, hotels, car rentals, and cruises. With the Chase Sapphire Preferred, you will get a 25% bonus for using your UR points this way.

As a reminder, new Chase Sapphire Preferred® Card cardholders can earn 100,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $1250 when redeemed through Chase Ultimate Rewards®. This is the highest bonus offer ever for the Chase Sapphire Preferred!

The real value of Ultimate Rewards points is found by transferring them out to one of their travel partners.

My favorite UR transfer partners are British Airways, Southwest, Hyatt, Singapore, and United. I can use my UR points for hotels or flights in the United States or abroad.

Examples

Here are a couple of examples of what I’ve done in the past (prices and awards may have changed since the time of writing):

You can stay at the Park Hyatt Vendome in Paris for 30,000 points a night. Standard rooms at this posh hotel are $1,000 a night.

I fly on the cheap domestically with British Airways Avios since they have a distance-based chart. You can fly American Airlines with British Airways Avios since they are in the OneWorld alliance, and award flights start at just 4,500 Avios one-way. Heck of a deal. I can fly from Austin to Chicago for 7,500 Avios and $5!

Flying to Europe is easy with United Airlines. The Star Alliance (which United is a part of) has a great economy and business class award availability to Europe. You can fly round-trip to Europe with United miles for only 60,000 miles in economy. Business-class flights on United metal are 57,500 each way, or 70,000 on one of their partners, like Lufthansa.

Chase Transfer Partners

This Chase Sapphire Preferred vs American Express Platinum wouldn’t be complete without comparing transfer partners.

  • Aer Lingus AerClub
  • Air Canada Aeroplan (in late 2021)
  • British Airways Executive Club
  • Emirates Skywards
  • Air France KLM Flying Blue
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airline Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

Chase Hotel Partners

  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Membership Rewards

American Express Membership Rewards points can also be transferred out to multiple travel partners. A perk with transferring Amex MR points out to travel partners is that they frequently offer transfer bonuses.

I like to transfer my American Express Membership Rewards points out to Delta, Aeroplan, ANA, British Airways, or Singapore Airlines.

Examples

Here are a couple of examples of what I’ve done, though things may have changed since the time of writing:

Air Canada’s loyalty program, Aeroplan, is a part of the Star Alliance, so it’s great for award flights to Europe. You have to watch out for fuel surcharges, but they don’t impose any on United flights. And one-way business class award flights on United are only 45,000 miles!

Another option is to transfer your MR points out to ANA. You do have to book round-trip tickets with ANA miles, but you can add three stopovers on your flight, and a round-trip ticket to Europe in economy is only 55,000 miles.

I love flying Singapore Airlines (also a transfer partner UR points) premium cabin flights. It’s a thrill. You can fly their Suites Class from NYC to Frankfurt for only 57,375 miles, or in business class from Houston to Moscow for only 48,875 miles.

American Express Transfer Partners

Here are the Amex partners for comparison in this Chase Sapphire Preferred vs American Express Platinum review.

  • Aer Lingus
  • Aeromexico
  • Air Canada
  • Air France KLM
  • Alitalia
  • ANA
  • Avianca
  • British Airways
  • Cathay Pacific
  • Delta Air Lines
  • EL AL Israel
  • Emirates
  • Etihad
  • Hawaiian Airlines
  • Iberia
  • Jetblue
  • Qantas
  • Singapore Airlines
  • Virgin Atlantic

American Express Hotel Partners

  • Choice Privileges
  • Hilton Honors
  • Marriott Bonvoy

Are American Express or Chase Points Better?

American Express Membership Rewards points and Chase Ultimate Rewards points are extremely valuable and can be used for insane travel experiences. I prefer the Chase Ultimate Rewards program because it has better hotel and flight options that work better for me.

However, both options are worthy.

Winner: Chase Sapphire Preferred® Card (Ultimate Rewards Points)

Wrap Up

In conclusion, you can’t go wrong with the Chase Sapphire Preferred Card or The Platinum Card from American Express. While I prefer to earn Ultimate Rewards points because they suit my travel goals best, but that doesn’t stop me from earning Membership Rewards points as well.

The Amex Platinum card has superior travel benefits and is worth the annual fee if you travel frequently. However, if you’re not using those benefits, the Sapphire Preferred with its lesser annual fee of $95 will make much more sense for you.

Either way, both products are excellent and worth thinking about if you’re looking for travel rewards to use soon or in the future.

100,000 bonus points: Chase Sapphire Preferred® Card

100,000 bonus points: The Platinum Card® from American Express (Learn more: Johnny Jet Recommended Credit Cards)

Related Articles:

For rates and fees of The Platinum Card® from American Express, please click here.

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2 Comments On "100k Bonuses! Chase Sapphire Preferred vs American Express Platinum 2021"
  1. Kitty B|

    Hi. I like this article. I was wondering if you could do and updated one with the Sapphire Reserve vs the Amex Platinum. Also, we own a small business. Would you be able to look up if you can switch points from one card to another with each brand? Thanks.

    1. Geoff Whitmore|

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