Which of these high-end travel cards can offer you the most advantageous perks for your spending?
If elite travel rewards credit cards had an awards show, the Chase Sapphire Reserve® and The Platinum Card® from American Express would definitely be seen on the red carpet. This is because both cards come with travel insurance, no foreign transaction fees and a slew of perks that would please any worldly spender.
But, one of the main factors that separates the two is that The Platinum Card® from American Express is a charge card — meaning the balance needs to be paid in full each month.
|
Chase Sapphire Reserve®
|
The Platinum Card® from American Express
|
|---|---|
|
★★★★★ 4.6 / 5.0 |
★★★★★ 4.4 / 5.0 |
|
|
| 50,000 points after spending $4,000 in the first 3 months | 60,000 points after spending $5,000 in your first 3 months |
|
3x points on dining and travel after earning your $300 travel credit. 1x points on all other purchases |
5x points on flights booked directly or flights and hotels booked through American Express Travel. 1x points on all other purchases |
|
19.24% to 26.24% variable |
None (Charge Card) |
| $450 | $550 |
|
APR: 19.24% to 26.24% variable
Fee: $5 or 5% of the transaction, whichever is greater |
Not a feature of a charge card |
|
APR: 27.24% variable Fee: $10 or 5% of the transaction, whichever is greater |
Not a feature of a charge card |
| $37 | Up to $38 |
| $75 | $175 |
| 21 days | None |
| $0 | |
| 740 | 680 |
| Credit | Charge |
| Rates & Fees | Rates & Fees |
Which card should you choose?
Chase Sapphire Reserve®
- Incredible signup bonus
- Rewards for spending on travel and dining
- Extra point value when redeeming through Chase Ultimate Rewards
- Annual travel credit
The Chase Sapphire Reserve® is going to rack up points for frequent travelers who like to eat out often with its 3x points on dining and travel purchases — that's hotels, restaurants, airfare, trains and taxis. You'll receive a $100 credit every four years toward a Global Entry or TSA PreCheck application fee. The card also allows you to relax in comfort at more than 1,000 airport lounges around the world with its complimentary Priority Pass Select membership. You'll even be eligible for travel upgrades and perks via The Luxury Hotel & Resort Collection.
The Platinum Card® from American Express
- $200 airline fee credit
- $100 credit for Global Entry or TSA PreCheck
- $200 in credits for Uber each year
While the annual fee of $550 is steep, if you can take advantage of all of the priceless perks and the 1x Membership Rewards® points on eligible purchases, you'll find the Platinum Card® from American Express is worth your while. You'll also get Gold status in both the Hilton Honors and Starwood Preferred Guest (SPG) programs. And when you're waiting to fly, you can enjoy over 1,100 airport lounges that are a part of the American Express Global Lounge Collection. You'll also have flexibility to redeem your Membership Rewards® points with over 500 partner brands or participating frequent flier programs.
What’s next?
The cardholder perks on the Chase Sapphire Reserve® and The Platinum Card® from American Express are nothing to sneeze at, but it’s ultimately up to you if either top-tier card is a match for your way of spending. If you’re sure that the rewards are worth the annual fee for whichever card you’ve taken a liking to, you should apply today.
Otherwise, continue to compare credit cards until you come across the one that you’re absolutely sure of. With so many unique credit cards out there, you should be able to find the perfect piece of plastic with the help of our head-to-head comparisons.
