Chase Sapphire Reserve Vs Amex Platinum (2023)

FAQs

Chase Sapphire Reserve Vs Amex Platinum? ›

Bottom Line: With access to over 1,400 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card.

Bottom Line: With access to over 1,400 airport lounges worldwide across several lounge networks, including the exclusive Centurion Lounges, the Amex Platinum card provides greater lounge access benefits than the Chase Sapphire Reserve card.

The Platinum Card® from American Express and the Chase Sapphire Preferred® Card are very different cards, but they can both be very useful if you travel a lot. In fact, if you travel a lot it could be worth having both.

The biggest differences between the two cards are that the Amex Platinum offers access to more lounge networks while the Sapphire Reserve provides Priority Pass restaurant benefits. Select benefits require enrollment. But you likely shouldn't decide which card to apply for based solely on lounge access.

Should I have the Chase Sapphire Reserve and Amex Gold? You should get both the Chase Sapphire Reserve and Amex Gold cards if you want the best of both worlds: The Sapphire Reserve for the travel perks and Amex Gold for generous category bonuses on everyday spending.

The Amex Platinum is one of the most prestigious travel credit cards you can own. Trying for an American Express credit card lets you establish a relationship with Amex. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future.

Yes, the Chase Sapphire Reserve is a prestigious and respectable card as it requires excellent credit to qualify. Additionally, it has many unique travel and retail partner benefits that few competitors match.

In some cases, it could be worth getting both the American Express® Gold Card and the Chase Sapphire Preferred® Card. If you travel frequently, want the Chase Sapphire Preferred's travel protections and also want to earn maximum rewards on groceries and dining, consider getting both cards.

It is hard to get the Chase Sapphire Reserve® card because it requires excellent credit for approval. Unless your credit score is 750+ and you have a lot of income, it will be difficult for you to get approved for the Chase Sapphire Reserve card.

What are the disadvantages of the AmEx Platinum Card? ›

The Platinum Card® from American Express has one major weakness: its prodigious cost. Only a few of the more than 1,000 credit cards tracked by WalletHub charge more than Platinum's $695 annual fee. So you should think long and hard about the Platinum Card's hefty cost before you submit an application.

Chase Sapphire Reserve cardholders have access to various airport lounges around the world. These include lounges in both the Sapphire and Priority Pass networks. There are currently just two open Sapphire Lounge locations (Boston and Hong Kong), plus a Sapphire Terrace at Austin-Bergstrom International Airport (AUS).

With either card, you'll earn rewards with every purchase: There's a minimum earning rate of 1 mile or point per dollar spent. Neither card has a lot of bonus categories earning at elevated rates, but the Platinum card out-earns the Delta Reserve when it comes to flying.

You have to spend approximately $18,333 per year (an average of $1,527 per month) on travel and dining or $55,000 on non-travel/dining purchases to break even with the Chase Sapphire Reserve Card.

If you're comparing these two rewards cards based only on their annual fees, the American Express Gold Card wins due to its much lower annual fee of $250. The Chase Sapphire Reserve comes with a $550 annual fee that can be hard to justify if you don't use all the cardholder benefits that come with it.

The Platinum Card® from American Express weighs 18.5 grams, while the Chase Sapphire Reserve® weighs 12.6 grams. How much does the AmEx Platinum weigh? The Platinum Card® from American Express weighs 18.5 grams.

With either card, you'll earn rewards with every purchase: There's a minimum earning rate of 1 mile or point per dollar spent. Neither card has a lot of bonus categories earning at elevated rates, but the Platinum card out-earns the Delta Reserve when it comes to flying.

In some cases, it could be worth getting both the American Express® Gold Card and the Chase Sapphire Preferred® Card. If you travel frequently, want the Chase Sapphire Preferred's travel protections and also want to earn maximum rewards on groceries and dining, consider getting both cards.

Both Chase and AmEx points are worth about the same when transferring to partners. Certain Chase cards offer a higher baseline value. Hyatt, Southwest, IHG and United loyalists should choose Chase. Delta flyers, Hilton fans should choose AmEx.

The Platinum Card® from American Express has one major weakness: its prodigious cost. Only a few of the more than 1,000 credit cards tracked by WalletHub charge more than Platinum's $695 annual fee. So you should think long and hard about the Platinum Card's hefty cost before you submit an application.