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Now that the excitement has settled a bit, let’s take a clear look at two top travel cards that have been revamped in recent months—the Chase Sapphire Preferred® Card and The Platinum Card® from American Express. Each has new categories for cardholders to earn more rewards on. 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 (after spending $4,000 in the first 3 months): Chase Sapphire Preferred® Card
100,000 bonus points (after spending $6,000 in the first 6 months): 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.
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 $1,250 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.
Note that you most likely won’t be approved for the Chase Sapphire Preferred with a credit score of under 670.
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).
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.
There are several Chase Sapphire reward categories. The Chase Sapphire Preferred earns unlimited:
- 5x points on travel purchased through Chase Ultimate Rewards® (excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit)
- 5x points on Lyft rides (through March 2022)
- 3x points on dining (including eligible delivery services, takeout, and dining out)
- 3x points on online grocery purchases (excluding Target®, Walmart®, and wholesale clubs)
- Also 3x points on select streaming services
- 2x points on all other travel purchases
- 1x point per $1 spent on all non-bonus purchases
There is a $50 annual Ultimate Rewards Hotel Credit. It comes in the form of a statement credit that will automatically be applied to your account when your card is used for hotel accommodation purchases made through the Ultimate Rewards program, up to an annual maximum accumulation of $50.
Plus, on each account anniversary, you’ll earn bonus points equal to 10% of your total purchases made the previous year. So, if you spend $25,000 on purchases, you’ll get 2,500 bonus points.
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 2021
The Chase Sapphire Preferred also comes with 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
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.
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
- 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
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.
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
- Air Canada
- Air France KLM
- British Airways
- Cathay Pacific
- Delta Air Lines
- EL AL Israel
- Hawaiian Airlines
- 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)
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)
- The Best Rewards Portals Comparison
- Best Travel Credit Cards for Beginners
- American Express Gold Credit Card Review
- Chase Sapphire Reserve vs American Express Platinum
For rates and fees of The Platinum Card® from American Express, please click here.
Chase Sapphire Preferred® Card
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.