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- Which is a better card to have: the
Platinum Card® from American Express, or the
Chase Sapphire Preferred Card?
- They’re both very different cards with different
purposes. If you travel a lot it’s probably worth it to have both,
but if you’re just looking to earn rewards on your spending, the
Sapphire Preferred is probably a better bet.
Sapphire Preferred currently offers a
higher sign-up bonus than its beefier cousin, the Chase
I thought it was an interesting question. While we’ve compared
Chase Sapphire Reserve to the Platinum Card before, and we’ve
covered all three cards in the past, we’ve never looked at the
accessible Sapphire Preferred in the context of the ultra-premium
To be honest, they’re such different cards that it’s hard to say
which is better: Depending on your spending habits and how you
travel, it could be worth having both.
Sapphire Preferred offers 2x points on all dining and all
travel. Dining includes everything from bars and restaurants to
fast food, and travel includes everything from taxis, parking, and
trains, to travel agencies, flights, hotels, vacation rentals,
cruises, and more. It earns 1x point per dollar spent on everything
The Sapphire Preferred also offers trip delay and baggage delay
coverage for any travel you book through the card (you can
read more about that here).
Platinum offers 5x points on flights, but only if you book
directly with the airline or through AmEx Travel. If you book
through a website like Expedia or Orbitz, you only get 1x point per
dollar. You’ll also get 1x point per dollar on everything else. The
card only offers major trip cancellation coverage — not delay
AmEx Platinum offers much better benefits and perks than the
Chase Sapphire Preferred. It offers extensive access
to airport lounges, a yearly credit up to
$200 for incidental airline fees, up to
$200 of annual credits for Uber (or UberEats), and up to
$100 in annual credits for Saks Fifth Avenue. It also offers
free elite status at Hilton and Marriott hotels, and a few
other perks. Without spending much on the card, I
got $2,000 worth of value from it in my first year.
I personally hold the
AmEx Platinum for the perks and services — especially lounge
access and hotel elite status — but do most of my spending on a
Chase card, since it earns better rewards faster (and makes it
easier to spend them). I use a Sapphire Reserve, rather than a
Preferred, though that means
I pay $1,000 in annual fees for the two cards.
While that’s the best option for my personal case, the
Sapphire Preferred is still an excellent card — with a
substantially lower annual fee, and a better sign-up bonus. You can
read more about
why you might want to choose the Sapphire Preferred over the
Source: FS – All – Economy – News
We compared the Chase Sapphire Preferred to the Amex Platinum — and this time, the winner isn't clear-cut