Amex Platinum vs. Chase Sapphire Reserve: Which card is best for you?

It looks as if virtually each airline, lodge chain and bank card issuer has launched its personal premium bank card, attractive prospects with luxurious journey perks paired with hefty annual charges. Many of those playing cards supply strong worth, particularly in the event you’re loyal to the underlying model.

There are two long-standing titans of the premium card market. After all, I’m speaking about The Platinum Card® from American Categorical and the Chase Sapphire Reserve.

The previous constructed the marketplace for premium rewards playing cards a long time in the past, whereas the latter is accountable for rising its mass enchantment.

For the reason that Sapphire Reserve debuted in August 2016, competitors between these two playing cards has been fierce. At this time, we’re going to try how they stack up in opposition to one another and whether or not you must contemplate including one (or each) to your pockets.

Associated: The most effective journey bank cards of 2023

Welcome supply


When contemplating a brand new card, particularly one with a $500-plus annual price, the very first thing most individuals have a look at is the welcome supply to see how a lot of that annual price they will begin recouping instantly.

With its $695 annual price (see charges and costs), the Amex Platinum is at the moment providing new candidates 80,000 Membership Rewards factors after they spend $6,000 on purchases within the first six months of cardmembership. Nevertheless, it’s value checking to see in the event you’re focused for a better supply of 125,000 and even 150,000 factors by the CardMatch device (supply topic to vary at any time).

TPG values Membership Rewards factors at 2 cents every, making the preliminary welcome supply of 80,000 factors value $1,600 alone. Since Amex solely permits you to earn a welcome supply on every of its playing cards as soon as per lifetime, it is perhaps tempting to carry off on making use of for the Amex Platinum in hopes that you could be be focused by CardMatch for a better bonus in some unspecified time in the future sooner or later.

In the meantime, the Chase Sapphire Reserve gives a sign-up bonus of 60,000 bonus factors after you spend $4,000 within the first three months from account opening.

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TPG additionally values Final Rewards factors at 2 cents every, making this bonus value $1,200. That’s considerably decrease than the Amex Platinum supply, although the spending requirement to earn the bonus can be decrease.

Winner: The Amex Platinum takes the lead on this first class, particularly in case you are focused for an elevated supply by CardMatch.



Lengthy after your bonus has been earned and spent, you’ll need a card that may aid you rack up invaluable transferable factors shortly.

Each of those playing cards get that accomplished however in very alternative ways. The best choice will depend on which different Chase or Amex playing cards you at the moment have in your pockets and the way the bonus classes on these different playing cards overlap with the Chase Sapphire Reserve and Amex Platinum.

Listed below are the bonus classes for these two playing cards:

Bonus multiplier

Amex Platinum

Chase Sapphire Reserve

10 factors per greenback N/A. Lyft rides by March 2025.

Inns and automotive leases booked by the Final Rewards portal.

Chase Eating purchases made by the Final Rewards portal.

5 factors per greenback Airfare booked instantly with airways and airfare booked with American Categorical Journey, on as much as $500,000 on these purchases per calendar yr.

Pay as you go resorts booked with Amex Journey.

Airfare booked by the Final Rewards portal.
3 factors per greenback N/A. Journey and eating.
1 level per greenback All different purchases. All different purchases.

Chase gives a broader vary of bonus classes, together with on a regular basis purchases like journey and eating.

Whereas the Amex Platinum does pull forward on most airfare purchases (with a terrific 10% return), the Chase Sapphire Reserve pulls forward for dozens of different journey bills, together with most resorts, ride-sharing providers, parking charges, tolls, excursions and extra. It additionally has an equally broad 3 factors per greenback spent on eating that the Platinum can’t match.

Winner: Chase Sapphire Reserve is the very best for incomes because of its favorable on a regular basis bonus classes that aid you earn extra factors in the long run.

Redemption choices


With Chase Final Rewards and Amex Membership Rewards tied at 2 cents apiece in TPG’s valuations, it’s as much as you to have a look at the totally different switch companions and resolve which of them greatest fit your wants.

Let’s begin with the Chase Sapphire Reserve. Along with 11 airline and three lodge switch companions, Sapphire Reserve prospects get a 50% bonus when redeeming factors for journey instantly by the Chase Final Rewards portal. This offers you an absolute minimal redemption worth of 1.5 cents per level, that means you’ll be able to ebook a seat on any flight that’s on the market, even when there isn’t award area accessible.

That stated, you’ll typically get a greater worth by transferring your factors to the loyalty applications of airways and resorts as a substitute. All Chase accomplice transfers happen at a 1:1 ratio, and most of them are practically instantaneous. Final Rewards has an actual edge for lodge bookings due to its partnership with World of Hyatt, the place free nights begin as little as 3,500 factors per night time.

On the airline aspect of issues, well-liked redemption choices embrace United MileagePlus, Southwest Speedy Rewards, British Airways Avios, Virgin Atlantic Flying Membership and Flying Blue (Air France-KLM) — although the final three additionally accomplice with Amex Membership Rewards. The identical holds true for Air Canada Aeroplan — although in the event you additionally maintain the Aeroplan Credit score Card, you’ll be able to really take pleasure in a ten% bonus on sure transfers from Chase Final Rewards to your Aeroplan account.

Lastly, you even have the Pay Your self Again choice with the Sapphire Reserve, permitting you to make use of factors to cowl sure purchases at greater values:

  • 1.5 cents per level for choose charitable donations by Dec. 31, 2023.
  • 1.25 cents per level for purchases at gasoline stations and grocery shops.
  • 1.25 cents per level to cowl your annual price.

Once more, although, the very best redemption choice will usually come from maximizing Chase’s switch companions.

In the meantime, Amex Membership Rewards has a whopping 20-plus switch companions, however not all of them are value your consideration. Some have switch ratios beneath 1:1, have longer switch instances (which implies you danger watching your award area disappear) or just don’t have moderately priced redemption choices.

A few of the greatest are ANA Mileage Membership, Air Canada Aeroplan and Avianca LifeMiles, every of which gives attractively priced choices for reserving Star Alliance tickets. Cathay Pacific Asia Miles, Etihad Visitor and Delta SkyMiles are additionally well-liked switch choices.

Nevertheless, in the event you choose to make use of your factors instantly by American Categorical Journey, you will not get practically the worth you do by Chase. Flight bookings are a flat 1 cent per level, whereas lodge reservations clock in at simply 0.7 cents apiece. In consequence, you are usually a lot better off with the switch choices.

Winner: Chase Sapphire Reserve comes out on prime for redemption choices because it gives a 1:1 switch ratio for all of its airline and lodge companions, the Pay Your self Again function and extra flexibility with its 50% bonus for journey booked in Final Rewards.

Need to be sure to’re maximizing each buy like a factors professional? Obtain the free TPG App to start out spending like a professional.

Perks and advantages

The Chase Sapphire Reserve and Amex Platinum are two of probably the most invaluable rewards playing cards available on the market, however they’re additionally two of the costliest.

You’ll pay a $550 annual price with the Sapphire Reserve and a $695 annual price with the Amex Platinum.

So, what do you get in alternate for that upfront value? For starters, each playing cards function airport lounge entry and extra journey and meals supply credit, amongst different advantages. Let’s have a look beneath at the preferred and invaluable perks accessible (observe that enrollment is required for choose advantages):


Amex Platinum

Chase Sapphire Reserve

Annual assertion credit and accomplice advantages

As much as $200 annual airline incidental price assertion credit score.

As much as $200 annual pay as you go lodge assertion credit score.

As much as $200 annual Uber Money for eligible U.S. purchases ($15 every month, with a $20 bonus in December).

As much as $189 annual Clear membership assertion credit score.

As much as $100 Saks Fifth Avenue assertion credit score ($50 each six months).

As much as $240 in digital leisure assertion credit at choose suppliers ($20 every month).

$300 annual journey credit score.

Complimentary DoorDash DashPass membership by Dec. 31, 2024, plus a $5 month-to-month credit score.

Lounge entry Entry to the American Categorical International Lounge Assortment, which incorporates Centurion Lounges, Precedence Cross (excluding eating places), Delta Sky Golf equipment on same-day Delta flights, Plaza Premium, Airspace and Escape lounges. Precedence Cross Choose membership (together with eating places).
Journey protections

Secondary automotive rental protection.* (Underwritten by AMEX Assurance Firm. Automobile Rental Loss or Injury Protection is obtainable by American Categorical Journey Associated Companies Firm, Inc.)

Journey delay safety.* (Underwritten by New Hampshire Insurance coverage Firm, an AIG Firm)

Journey cancellation/interruption insurance coverage.* (Underwritten by New Hampshire Insurance coverage Firm, an AIG Firm)

See right here for extra particulars.

Main automotive rental insurance coverage.

Baggage delay insurance coverage.

Journey delay insurance coverage.

Journey cancellation/interruption insurance coverage.

Emergency medical and dental profit.

Lodge elite standing Gold standing with Marriott Bonvoy and Hilton Honors. None.
Lodge perks American Categorical Superb Inns + Resorts. Luxurious Lodge & Resort Assortment.
International Entry/TSA PreCheck credit score One credit score each 4 years for International Entry or each 4 1/2 years for TSA PreCheck. One credit score each 4 years.

*Eligibility and profit degree varies by card. Phrases, situations and limitations apply. Please go to for extra particulars.

That is by far the trickiest a part of the comparability, with loads of totally different items to unpack. It’s additionally the one the place your personal private preferences might sway you probably the most to 1 card or one other.

For starters, the Sapphire Reserve nonetheless has an edge over Amex concerning the $300 annual journey credit score. Not solely is it a better quantity than the up-to-$200 airline price credit score that comes with the Amex Platinum, however it’s additionally a lot much less restrictive. It can robotically apply to a broad vary of journey purchases, whereas the $200 Amex airline credit score solely applies to pick charges equivalent to seat assignments or checked baggage — and also you’re restricted to a single airline you designate every year.

Associated: Expensive bank card issuers: Loosen up on the airline price credit score restrictions

In relation to ride-sharing providers, some individuals see the up-to-$200 in annual (U.S.) Uber Money (damaged into $15 a month, with a $20 bonus in December) that comes with the Amex Platinum card as a cash-like credit score. Nevertheless, not everybody makes use of a ride-sharing service or locations an Uber Eats order within the U.S. as soon as a month, which implies the ten factors per greenback spent on Lyft rides with the Sapphire Reserve is perhaps a extra invaluable choice.

On the flip aspect, in the event you reside in a smaller metropolis or by no means order meals, you would possibly discover the DoorDash partnership with Chase to be fully ineffective.

The identical may be stated of sure perks on the Amex Platinum — together with assertion credit with Saks Fifth Avenue, Clear and choose digital leisure suppliers. In case you already use these providers or retailers, it is like cash proper again in your pocket. If not, you could discover that they are not an actual value-add relative to the annual price.


In the meantime, the Amex Platinum is extensively thought-about probably the most complete card in terms of airport lounge entry. Though the Precedence Cross Choose membership that comes with this card not permits you to entry collaborating eating places (you’ll be able to with a Chase-issued Precedence Cross membership), the entry to Amex’s huge assortment of Centurion Lounges and Delta Sky Golf equipment on same-day Delta flights needs to be sufficient to make up for that.

In the meantime, the Sapphire Reserve solely gives Precedence Cross entry, and whereas Chase does have plans to construct out its personal community of branded lounges, only a single location (Hong Kong) has opened its doorways.

One other space the place Amex excels is by providing Gold elite standing with each Marriott and Hilton to Platinum cardholders. Chase gives no equal profit.

Chase has traditionally been the chief in journey insurance coverage, with a mess of various insurance policies and beneficiant phrases. Amex has partially closed the hole, including a brand new suite of journey safety advantages to the Amex Platinum card (see right here for extra).

Winner: Amex Platinum is the clear winner in terms of perks and advantages, which embrace its $1,400-plus in annual assertion credit, expanded airport lounge entry, journey protections, and elite standing with Marriott and Hilton. Nevertheless, in the event you’re searching for a extra versatile journey credit score, extra complete protections and fewer way of life perks, the Sapphire Reserve could possibly be a greater choice.

Backside line

The Chase Sapphire Reserve and The Platinum Card from American Categorical are two of the preferred premium rewards playing cards available on the market. Nevertheless, they provide barely totally different worth propositions.

Between lodge elite standing and Centurion Lounge entry, the Amex Platinum is best fitted to these trying to take pleasure in a extra luxurious journey way of life. In case you often buy airfare that might qualify for five factors per greenback, this card deserves a spot in your pockets.

The Sapphire Reserve, by comparability, is a premium card that’s easy sufficient for freshmen and professionals alike. The $300 annual journey credit score is robotically utilized to a variety of purchases. Plus, you earn 3 factors per greenback on journey (excluding the $300 journey credit score) and eating, and these classes are broad sufficient that you simply received’t be scratching your head attempting to resolve in the event you’re swiping the fitting card.

Nevertheless, some individuals might even discover that it is sensible to hold each playing cards. In case you can benefit from all of the annual assertion credit and luxurious perks, these playing cards can really complement one another properly.

Official software hyperlink: Amex Platinum.
Official software hyperlink: Chase Sapphire Reserve.

For charges and costs of the Amex Platinum, click on right here.

Extra reporting by Ryan Wilcox, Stella Shon, Juan Ruiz and Chris Dong.

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