Chase Sapphire Reserve vs. Amex Platinum Card

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If you ask most rewards enthusiasts which travel credit cards are most sought after today, the Chase Sapphire Reserve® and The Platinum Card® from American Express are usually the first that come to mind. Both offer stellar rewards, flexible redemption options and an array of luxury perks to help you upgrade your overall travel experience. That said, you’ll fork over a hefty annual fee for each of them—$550 for the Chase Sapphire Reserve and $695 for the Amex Platinum—and this fee is not waived the first year.

With that in mind, many consumers pick just one of these cards instead of both. While Chase Sapphire Reserve and Amex Platinum can both be valuable in terms of cardholder benefits and rewards programs, the reality is that many of their offerings overlap—including airport lounge access, credits for Global Entry or TSA PreCheck and annual travel credits.

Comparison overview

Which card should you sign up for? Before you apply for one of these travel credit cards, here are the main details you should consider.

Chase Sapphire Reserve Amex Platinum
Annual fee $550 $695
Welcome bonus
  • Earn 50,000 points when you spend $4,000 within three months of account opening.
  • Earn 100,000 Membership Rewards points after you spend $6,000 on purchases in your first six months of card membership.
  • Earn 3X points on travel (after earning your $300 travel credit) and dining.
  • Earn 10X points on Chase Dining, hotel stays and car rentals through Ultimate Rewards.
  • Earn 5X points on air travel purchases through Ultimate Rewards portal.
  • Earn 10X points on Lyft purchases (through March 2022).
  • Earn 1X points on other purchases.
  • 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.
  • Earn 5X Membership Rewards points on prepaid hotels booked with American Express Travel.
Redemption value
  • 1.5 cents (when redeemed through the Chase Ultimate Rewards portal) or more with Chase transfer partners
  • 1 cent (but you can often find more value with American Express transfer partners)
Travel benefits
  • $300 statement credit for travel purchases
  • Up to $100 statement credit for Global Entry or TSA PreCheck application fee
  • Up to $200 hotel credit
  • Up to $200 Uber Cash
  • Up to $100 Global Entry/TSA PreCheck application fee credit
  • Up to $179 Clear Credit
Lounge access
  • Priority Pass Select airport lounge membership
  • Priority Pass Select airport lounge membership
  • Centurion Lounge membership
  • Delta Sky Club access when you fly Delta

Chase Sapphire Reserve vs. Amex Platinum highlights

Both of these travel credit cards come with flexible rewards programs and an array of important travel perks, but they’re not necessarily equal. We dove into the details of each of the card’s major benefits to see which one stands out the most in each category, and here’s what we found.

Welcome bonus winner: Amex Platinum

The Amex Platinum offers a welcome bonus of 100,000 Membership Rewards points after you spend $6,000 on purchases on your new card in your first six months of card membership. Your points are worth 1 cent apiece when you book travel through, bringing the welcome bonus value to $1,000.

The Chase Sapphire Reserve, on the other hand, lets you earn 50,000 points when you spend $4,000 on your card within three months of account opening. These points are worth $750 in travel when you use them to book through the Chase Ultimate Rewards portal, thanks to the 50 percent bonus boost this card offers for using your points to book travel directly versus transferring to airline and hotel partners.

If you look at it from a straight value perspective, the Amex Platinum is the clear winner. Plus, Amex Platinum gives you an extra three months to hit your spend requirement and comes with 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 six months of card membership.

Rewards rate winner: Chase Sapphire Reserve

Keep in mind that the Amex Platinum gives you 5X points on airfare booked directly through an airline as well as airfare (on up to $500,000 on these purchases per calendar year) and prepaid hotels booked through the American Express Travel portal, and 1X points on all other purchases. The Chase Sapphire Reserve offers 3X points on travel (after earning your $300 travel credit) and dining and 1X points on all other purchases. However, if you book travel through Chase Ultimate Rewards, you’ll earn 5X points on travel and 10X on hotel stay purchases.

The best travel credit card for ongoing rewards depends on how much you spend each month and in which categories you spend the most. With that in mind, the Chase Sapphire Reserve can boost your rewards earnings twice as much as the Amex Platinum when booking through a travel portal.

Which card earns more?

The main reason to sign up for either of these cards is to earn rewards and score important travel perks. But which credit card will lead to the highest return overall? That really depends on your spending style and how much you spend over the course of any given year.

While the Amex Platinum could be more beneficial for someone who spends a lot on airfare and hotels (particularly when booked through, Chase’s new rewards rates on the Sapphire Reserve for purchases booked through its travel portal now top the earnings you could reap.

Chase Sapphire Reserve vs. Amex Platinum spending example

Imagine for a moment that you travel quite a bit and that you charge most of your travel and personal expenses on a credit card each year. Here’s an example of what your monthly spending might look like if that were the case:

Monthly spending:

  • $1,000 per month on regular purchases, including groceries and gas
  • $900 on airfare
  • $600 on hotel stays
  • $200 per month on rental cars
  • $200 on other travel

With the Chase Sapphire Reserve, you would earn 12,300 points per month—1,000 points on regular purchases, 4,500 points on airfare, 6,000 points on hotel stays, 2,000 on rental cars (when booking travel through Chase Ultimate Rewards) as well as 600 points for other travel.

With the Amex Platinum you would earn 8,900 points per month—1,000 points on regular purchases, 7,500 points on airfare and hotels (provided you booked airfare directly or airfare and hotels through and 400 points on rental cars and other travel.

With this example, the Chase Sapphire Reserve leaves you ahead. It’s important to understand, however, that this card only gives you 5X points for airfare and 10X points on hotel stays and rental cars booked through Ultimate Rewards. This means you have a lot less flexibility and lower potential to get a great deal, but the same could be said for Amex Platinum. If you decide to not book through an issuer’s travel portal, you still earn 3X points on travel with the Sapphire Reserve.

Why you should get the Chase Sapphire Reserve

The Chase Sapphire Reserve is best for consumers who want to earn 3X points on all their travel purchases and not just ones that meet specific criteria. Since you get 50 percent more travel value when you use points to book through the Chase travel portal, this card is also valuable for anyone who wants some added flexibility in their travel plans. Remember that the Chase portal partners with, so you can use this portal to book travel with any provider that offers airfare, hotels, rental cars, experiences and more.

And because you’ll earn 10X points on Lyft purchases (through March 2022), the card is also ideal for anyone who uses this rideshare company frequently and especially for long, expensive rides.

Additional benefits

Other Chase Sapphire Reserve benefits include a Priority Pass Select airport lounge membership, credit toward Global Entry or TSA PreCheck (up to $100) and a $300 annual travel credit good toward any travel purchase. You’ll also get a handful of important travel insurance benefits, including trip cancellation/interruption insurance, primary auto rental insurance, trip delay coverage, lost luggage reimbursement, emergency evacuation coverage, travel accident insurance and more.

Plus, new cardholders will get a one-year Lyft Pink membership that includes priority airport pickup and 15 percent off Lyft rides, as well as a DashPass membership that includes free delivery on DoorDash purchases of $12 or more and up to $60 in credits toward DoorDash (until Dec. 31, 2021).

Redemption options

The Chase Sapphire Reserve lets you redeem points for travel through the Chase portal, and you’ll even get 50 percent more value out of your points when you do. Additional redemption options include gift cards, statement credits, merchandise from or and experiences.

You can also transfer Chase Ultimate Rewards points 1:1 to the following transfer partners:

  • Aer Lingus
  • British Airways
  • Emirates
  • Air France / Flying Blue
  • Iberia
  • JetBlue
  • Singapore Airlines KrisFlyer
  • Southwest Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Recommended credit score

You need excellent credit to qualify for this credit card, which typically translates into a FICO score of 740 or higher.

Why you should get the Amex Platinum

The Amex Platinum is best for frequent travelers who are able to book airfare directly with airlines or airfare and hotels through This card is also ideal for people who want the broadest airport lounge access available, as well as those who frequently ride with Uber.

Additional benefits

This card comes with up to $200 in Uber credits per year, but you should know these credits are doled out monthly in increments of $15 ($35 in December), and that they do not roll over from month to month.

You’ll also get a $200 annual airline fee credit good for incidental airline purchases, although you’ll have to select a single airline to apply the credit to at the beginning of each year.

Platinum card members can also receive $200 back in statement credits each year on prepaid bookings with American Express Travel at Fine Hotels + Resorts or The Hotel Collection properties when they pay with their Platinum Card.

The Platinum Card offers a $179 Clear credit in addition to an application fee credit (up to $100) toward Global Entry or TSA PreCheck.

The card also has a much broader airport lounge program than the Sapphire Reserve. You’ll get the same Priority Pass Select membership you get with the Chase Sapphire Reserve, but the Amex Platinum also lets you access American Express Centurion Lounges and Delta Sky Clubs when you fly with Delta.

To sweeten the deal, this card gives you automatic Gold status with the Hilton Honors program and Marriott Bonvoy. You’ll also get a baggage insurance plan and secondary auto rental insurance.

Beginning Oct. 7, 2021, Amex Platinum cardmembers who use their card to pay for their Walmart+ monthly membership ($12.95 per month, plus applicable taxes) can receive a statement credit for the full cost of the membership. Also, there’s now a $300 annual statement credit on the SoulCycle At-Home Bike through Equinox+.

Redemption options

You can use American Express Membership Rewards to book travel directly through, though you’ll only get 1 cent per point in value when you do. You can also cash in your points for gift cards, statement credits and merchandise or use points to upgrade your flights to business or first class.

This travel program also offers a range of hotel and airline transfer partners, some of which overlap with Chase Ultimate Rewards. All transfer partners let you move points over at a ratio of 1,000:1,000 unless otherwise noted:

  • Aer Lingus
  • AeroMexico (1,000:1,600)
  • Air Canada (Aeroplan)
  • Air France / Flying Blue
  • Alitalia
  • ANA
  • Asia Miles
  • Avianca
  • British Airways
  • Delta SkyMiles
  • El Al Israel Airlines (1,000:20)
  • Emirates
  • Etihad Airways
  • Hawaiian Airlines
  • Iberia
  • JetBlue Airways (250:200)
  • Qantas (500:500)
  • Singapore Airlines
  • Virgin Atlantic
  • Choice Privileges Rewards
  • Hilton Honors (1,000:2,000)
  • Marriott Bonvoy

Recommended credit score

You need good or excellent credit to qualify for this credit card, which typically translates to a FICO score of 670 or higher.

Should you double up and get both?

While each of these cards possesses a hefty annual fee, you can consider getting both if you travel a ton and can take advantage of all of the perks. If you ride with both Uber and Lyft several times per month, for example, you could easily get value from the Amex Platinum’s Uber credits and the Lyft Pink membership and 10x points on Lyft (through March 2022) you get with the Chase Sapphire Reserve.

Both cards have airport lounge access, but you could lean on the access from the Amex Platinum for Centurion Lounge entry, as well as Delta Sky Club entry when you fly with Delta.

Both cards come with credit for Global Entry or TSA PreCheck, but they don’t specify that the purchase has to be for anyone in particular. With that in mind, you could use one credit for yourself and the other for a partner or spouse.

From there, you could use each card to rack up the most points in specific categories. But with the new rewards rates Chase updated on the Sapphire Reserve in August, you could use the Chase Sapphire Reserve for all dining and miscellaneous travel purchases to earn 3X points, plus 10X on hotel stays and rental cars in addition to 5X on airfare when booked through Ultimate Rewards.

The bottom line

Which of these valuable rewards credit cards will leave you better off? That all depends on where you spend the most money each month and which selection of airline and hotel partners makes the most sense for your regular travel plans. With that in mind, the Chase Sapphire Reserve’s updated rewards rates and benefits outstrip the Amex Platinum. Still, you should conduct some basic research to see which of these cards might work better for your needs, and don’t forget to compare these to other top credit card offers that might work even better.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson began her career working in the funeral industry, which may make you wonder why she works in personal finance now. Yet, the funeral industry taught the author everything she needs to know about the value of one's money and time. Johnson left the mortuary business a decade ago in order to explore her passion for personal finance and travel the world, and since then, she and her husband have built a debt-free lifestyle that has them on the path to retire very wealthy in their 40s. Holly's love of budgeting also led to the creation of her debt payoff book, “Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love."
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