Chase Sapphire Preferred Card vs. Amex Platinum Card [Detailed Comparison]

Key Takeaways

• The Chase Sapphire Preferred^® Card earns 3x points on dining, online groceries, and certain streaming services, as well as 2x points on travel.
• The Platinum Card^® from American Express provides 5x points on flights (up to $500,000 per year) and prepaid hotels booked through AmexTravel.com, along with travel benefits and statement credits.
• Choose the Amex Platinum card for luxury travel perks and the Chase Sapphire Preferred card for rewards on everyday spending.

The Chase Sapphire Preferred^® Card and the Platinum Card^® from American Express are two of the most popular cards in the U.S. Even though they are targeted toward different consumer segments, some rewards and benefits are comparable.

This guide considers the merits and drawbacks of the Chase Sapphire Preferred card and Amex Platinum card as we put them side by side.

Overview

Let’s take a look at the high-level benefits, rewards, and characteristics of the Chase Sapphire Preferred card and Amex Platinum card. Some benefits of the Amex Platinum card require enrollment.

The Chase Sapphire Preferred card and Amex Platinum card both outperform their peers, albeit in different arenas. For example, the Amex Platinum card is unparalleled in luxury travel and lifestyle benefits. On the other hand, you’d be hard-pressed to find a credit card that offers as much in the way of rewards and travel insurance at the same price point as the Chase Sapphire Preferred card.

Welcome Offers Compared

Amex and Chase both offer attractive welcome offers to accelerate the points you’re earning in the first few months of card membership.

NEW OFFER

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Apply Now(at Chase's secure site)

Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Welcome Offer

Earn 60,000 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

60,000 75,000 points

UP's Offer Valuation*:

$1,500

Annual Fee

$95

APR

19.24% - 27.49% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Good to Excellent

Why We Like This Card

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros & Cons

Pros

• 5x points on all travel booked via the Chase Travel portal
• 3x points on dining purchases, online grocery purchases, and select streaming services
• 2x points on all other travel worldwide

Cons

• $95 annual fee
• No elite benefits like airport lounge access or hotel elite status

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Card Highlights

• Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
• Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
• 10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
• Member FDIC

Financial Snapshot

• APR: 19.24% - 27.49% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Terms Apply / Rates & Fees

Platinum Card^® from American Express

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Apply Now(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

Platinum Card^® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Welcome Offer

You may be eligible for as high as 175,000 Membership Rewards^® points after you spend $12,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted. 

As High As 175,000 Points. Find Out Your Offer.

UP's Offer Valuation*:

Up to $3,850

Annual Fee

$895

APR

See Pay Over Time APR

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Good to Excellent

Why We Like This Card

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than the Platinum Card^® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

 

Pros & Cons

Pros

• The best airport lounge access out of any card (by far) — enjoy access to over 1,550 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges (enrollment required), Plaza Premium Lounges, and many more!
• 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
• 5x points per dollar spent on prepaid hotels booked with AmexTravel.com
• Annual and monthly statement credits upon enrollment (airline credit, Uber Cash and Uber One, Resy, Saks Fifth Avenue credit, lululemon credit, streaming credit, prepaid hotel credit on eligible stays, Walmart+ credit, CLEAR+ credit, and Equinox credit)
• TSA PreCheck or Global Entry credit
• Access to American Express Fine Hotels and Resorts and Amex International Airline Program
• Access to Amex transfer partners
• No foreign transaction fees (rates and fees)

 

Cons

• $895 annual fee (rates and fees)
• Airline credit does not cover airfare (only incidentals like checked bags)

 

Read Full Review

Card Highlights

• You may be eligible for as high as 175,000 Membership Rewards^® points after you spend $12,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
• Get more for your travels with 5X Membership Rewards^® points on all flights and prepaid hotel bookings through American Express Travel^®, including Fine Hotels + Resorts^® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel^® on up to $500,000 on these purchases per calendar year.
• With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection^®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club^® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges.* As of 07/2025.
• $200 Uber Cash + $120 Uber One Credit: With the Platinum Card^® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card^® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card^® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
• $300 Digital Entertainment Credit: Experience the latest shows, news and recipes. Get up to $25 in statement credits each month when you use your Platinum Card^® for eligible purchases on Disney+, a Disney+ bundle, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV when you purchase directly from one or more of the providers. Enrollment required.
• $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts^® or The Hotel Collection* bookings through American Express Travel^® using the Platinum Card^®. *The Hotel Collection requires a minimum two-night stay.
• $400 Resy Credit + Platinum Nights by Resy: Get up to $100 in statement credits each quarter when you use the Platinum Card^® to make eligible purchases with Resy, including dining purchases at U.S. Resy restaurants. Enrollment required. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card^®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you.
• $209 CLEAR+ Credit: CLEAR+ helps get you to your gate faster by using your face to verify you are you at 55+ airports nationwide. You can cover the cost of a CLEAR+ Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR+ with your Platinum Card^®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card^® Account. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
• Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts^® through American Express Travel^®, enjoy noon check-in, when available, and guaranteed 4PM check-out.
• $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card^® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
• $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card^®.* Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
• Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
• $895 annual fee.
• Terms Apply.

Financial Snapshot

• APR: See Pay Over Time APR
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

 

Hot Tip: Apply and find out if you’re eligible for a welcome bonus offer of as high as 175,000 points with the Amex Platinum. Welcome offers may vary and you may not be eligible for an offer.

 

Chase Ultimate Rewards vs. Amex Membership Rewards

In terms of rewards, you can’t go wrong with either the Chase Sapphire Preferred card or the Amex Platinum card.

The Chase Sapphire Preferred card earns Chase Ultimate Rewards points, and the Amex Platinum card earns Amex Membership Rewards points. Both of these points are flexible reward currencies that can be transferred to partners.

Depending on what type of travel you wish to book, it may be advantageous to use one type of point over another. For example, Chase Ultimate Rewards are good for hotel stays, offering an amazing 1:1 transfer partnership with World of Hyatt. On the other hand, Amex Membership Rewards has fantastic transfer partnerships with airlines, including ANA Mileage Club, Avianca Lifemiles, and Delta SkyMiles.

Earning Potential

Here’s a look at both cards’ rewards structures:

We value Amex points at 2.2 cents each and Chase points at 2 cents each. The Amex Platinum card is more valuable if you book a lot of flights and hotels, and the Chase Sapphire Preferred card is a better fit if most of your purchases are dining, online groceries, and streaming.

The Chase Sapphire Preferred card also offers a 10% points bonus on your spending each cardmember anniversary year. For example, if you spent $20,000 on the card in the previous year, you’d get a bonus of 2,000 points after your renewal anniversary.

Redemptions

Both the Amex Platinum card and Chase Sapphire Preferred card earn transferable rewards points.

In general, the best way to use these points is for luxury award travel booked through airline and hotel transfer partners. Both Amex and Chase offer this capability, though Amex’s transfer partners include more airlines than Chase’s.

With Amex points, you can also get gift cards and statement credits, as well as book AmexTravel.com reservations via Pay With Points and make charitable donations. You can even go online shopping or use points at vendors like Amazon or Best Buy.

Chase shares all of these redemption pathways with a major exception: The Chase Sapphire Preferred card allows you to get an up-to-75% redemption bonus on select Chase Travel portal bookings — through the Points Boost feature — and an up-to-25% redemption bonus via Pay Yourself Back. This allows you to get a redemption value of up to 1.75 cents per point.

Statement Credits

Another area where the Amex Platinum card outshines the Chase Sapphire Preferred card is in statement credit benefits.

The Chase Sapphire Preferred card offers a $50 annual Ultimate Rewards hotel credit for hotel stays booked through the Chase Travel portal.

The Amex Platinum card offers a seemingly endless list of statement credit benefits (some require enrollment):

• Up to $200 in airline fee credit
• Up to $600 in prepaid hotel credit
• Up to $200 in Uber Cash (up to $15 per month plus a $20 bonus in December, valid on U.S. Eats orders and rides, you must add your card to your Uber account and pay with an Amex card to use the benefit)
• Up to $120 in Uber One credit
• Up to $209 in CLEAR+ credit
• Up to $120 in Global Entry or up to $85 in TSA PreCheck application fee credit
• Up to $100 in Saks Fifth Avenue credit
• Up to $300 in Equinox credit
• Up to $300 in digital entertainment credit
• Up to $155 in Walmart+ credit
• Up to $400 in Resy credit
• Up to $300 in lululemon credit
• Up to $200 in Oura Ring credit

The Amex Platinum card offers an array of statement credit benefits that widens the gap with the Chase Sapphire Preferred card. The Chase Sapphire Preferred card offers a $50 annual Ultimate Rewards hotel credit.

Hotel Program Privileges

The Amex Platinum card exceeds the Chase Sapphire Preferred card in hotel benefits, offering Hilton Honors Gold, Marriott Bonvoy Gold Elite, and Leaders Club Sterling status (upon enrollment). These statuses offer benefits, including room upgrades, late checkout, and food and beverage credits, depending on the program.

Also, the Amex Platinum card allows you to book stays with Fine Hotels + Resorts and The Hotel Collection.

Fine Hotels + Resorts stays include:

• Complimentary breakfast for 2 daily
• Room upgrade, subject to availability
• Guaranteed 4 p.m. late checkout
• Noon check-in, subject to availability
• Complimentary Wi-Fi
• A unique property amenity valued at $100 (usually a property, spa, or food and beverage credit)

Stays of 2 nights or more booked through The Hotel Collection come with:

• Room upgrade, subject to availability
• $100 property credit

The Chase Sapphire Preferred card doesn’t offer hotel elite status or elite-like benefits.

Travel Benefits

The Amex Platinum card’s other travel benefits, as a whole, go beyond those offered by the Chase Sapphire Preferred card.

Travel-Related Statement Credits

The Chase Sapphire Preferred card’s only travel-related statement credit is the $50 annual Ultimate Rewards hotel credit, which is easy to use. If you book a hotel through the Chase Travel portal and pay with your card, you could earn up to $50 in statement credits annually.

The Amex Platinum card offers these travel credits (some of which require enrollment):

• Up to $200 in airline fee credit (per calendar year)
• Up to $600 in prepaid hotel credit (per calendar year, split into 2 semiannual up to $300 credits)
• Up to $200 in Uber Cash (up to $15 per month, up to $35 in December; valid on U.S. Eats orders and rides; you must add your card to your Uber account and pay with an Amex card to use) and up to $120 Uber One credit (per calendar year)
• Up to $209 in CLEAR+ credit (per calendar year)
• Up to $120 in Global Entry or up to $85 in TSA PreCheck application fee credit (every 4 years)

There’s more than $1,300 worth of annual travel-related statement credits with the Amex Platinum card, compared to up to $50 per year from the Chase Sapphire Preferred card.

Airport Lounge Access

One of the benefits that made the Amex Platinum card famous is the incredible airport lounge access. Indeed, this card entitles you to access the American Express Global Lounge Collection, which includes these lounges:

• Centurion Lounges (including U.S. and international locations)
• 10 visits a year to Delta Sky Club (when flying on Delta the same day, plus the ability to unlock unlimited visits)
• Escape Lounges – The Centurion Studio Partner
• Select Lufthansa Lounges (when flying Lufthansa Group airlines the same day)
• Plaza Premium Lounges
• Priority Pass lounges (activation required)
• Select Virgin Clubhouses

The Chase Sapphire Preferred card does not include any airport lounge access benefits.

Rental Car Privileges

The Amex Platinum card offers benefits at Avis, Hertz, and National upon enrollment. These benefits include varying levels of elite status and allow you to get exclusive upgrades, rate discounts, and benefits like grace periods through exclusive booking codes. You’re also able to use these statuses to match to elite status with other rental car agencies.

The Chase Sapphire Preferred card does not offer any rental car privileges.

Car Rental Loss and Damage Insurance

The Chase Sapphire Preferred card offers primary rental car coverage, which outperforms the Amex Platinum card.

The Amex Platinum card offers secondary rental car insurance as a benefit, and you can purchase primary rental car insurance as an add-on for $19.95 to $24.95 per rental period.

Travel Protection Perks

The Chase Sapphire Preferred card offers strong travel protections at its price point, and some of its features outperform those of the Amex Platinum card.

Trip Interruption and Cancellation Insurance

Both the Chase Sapphire Preferred card and the Amex Platinum card offer trip interruption and cancellation insurance.

With the Chase Sapphire Preferred card, you’re eligible to get up to $10,000 per person in reimbursements for travel interruptions caused by illness, severe weather, or a handful of other covered circumstances. This coverage is capped at $20,000 per trip.

The Amex Platinum card also offers up to $10,000 per person and up to $20,000 per trip in reimbursements.

Trip Delay Reimbursement

Both of these cards offer trip delay reimbursement, but the Amex Platinum card’s coverage is superior.

The Chase Sapphire Preferred card covers you for delays of more than 12 hours (or for overnight stays). You can get up to $500 in expense reimbursements per ticket and up to 1 claim per trip.

The Amex Platinum card’s trip delay insurance kicks in after delays of more than 6 hours or when an overnight stay is required. Coverage is up to $500 per trip and up to 2 approved claims per 12-month period.

Lost and Delayed Baggage Coverage

If your baggage is lost while you’re traveling on a common carrier (e.g., an airline), you’re eligible for reimbursement with either card. But if your baggage is delayed, you’re only eligible for reimbursement with the Chase Sapphire Preferred card.

For delayed baggage, the Chase Sapphire Preferred card offers $100 per day for up to 5 days if your baggage is delayed for more than 6 hours. Lost luggage is eligible for up to $3,000 per covered person per trip, with a limit of $500 for jewelry and watches per person per trip and $500 for electronic equipment per person per trip.

The Amex Platinum card’s baggage insurance policy covers lost, damaged, and stolen luggage for up to $3,000 per covered person per trip. There’s also a $1,000 maximum per person for all baggage, with coverage for high-risk items.

Roadside Assistance

The Amex Platinum card doesn’t offer a specific roadside assistance benefit, but the Chase Sapphire Preferred card offers basic roadside assistance.

For a set, prenegotiated rate of $69.95 per service call, you’re covered for these services:

• Fuel delivery (up to 5 gallons, plus the cost of fuel)
• Jump-starting
• Lockout service (key replacement not included)
• Standard towing (up to 5 miles included)
• Standard winching
• Tire changing (must have a good, inflated spare)

Travel and Emergency Assistance Services

The Chase Sapphire Preferred card offers travel and emergency assistance services, while the Amex Platinum card offers the Premium Global Assist Hotline.

If you, your spouse, or your dependent children under 22 years old are traveling and need assistance, you can access 24/7 referral and assistance services, though you’re responsible for any costs incurred.

Some of these benefits include:

Travel Accident Insurance

The Amex Platinum card’s Premium Global Assist Hotline provides emergency medical transportation or evacuation arranged by the hotline. The Chase Sapphire Preferred card offers up to $500,000 in travel accident insurance coverage on common carriers.

Hot Tip:

Learn more about the travel insurance coverage of the Chase Sapphire Preferred card and Amex Platinum card in our detailed guides.

Shopping Benefits and Protections

Let’s compare the shopping benefits and protections for both cards.

Earn Bonus Rewards for Shopping

The Amex Platinum card and the Chase Sapphire Preferred cards both let you save or earn bonus points on purchases.

The Chase Sapphire Preferred card has access to Chase Offers, which can get you discounts with specific merchants, such as 15% off Hyatt stays.

The Amex Platinum card has access to Amex Offers, which is similar to Chase Offers. For example, you can claim an offer to spend $500 or more to get $100 back at hotel chains like the Mandarin Oriental, Four Seasons, and more.

Enrollment is always necessary for each Amex Offer or Chase Offer.

Purchase Protection

When you use the Amex Platinum card and the item you purchased is damaged or stolen within 90 days of the purchase date, you can get up to $10,000 in purchase protection coverage per item, up to $50,000 per calendar year and up to $500 per event related to a natural disaster.

The Chase Sapphire Preferred card offers a much lower coverage per item of $500. The coverage period is slightly longer, 120 days, and the maximum coverage per calendar year is the same at $50,000.

Extended Warranty

The Amex Platinum card and Chase Sapphire Preferred card both offer extended warranty coverage.

With the Chase Sapphire Preferred card, you can receive 1 additional year on original eligible warranties of 3 years or less. Furthermore, the maximum claim amount is $10,000 per item and $50,000 per calendar year.

The Amex Platinum card offers 1 additional year on original eligible warranties of 5 years or less. The maximum coverage is $10,000 per item and $50,000 per calendar year.

Zero-Liability Protection

Both cards offer zero-liability fraud protection.

No Foreign Transaction Fees

Neither the Amex Platinum card (rates & fees) nor the Chase Sapphire Preferred card charge foreign transaction fees.

No Preset Spending Limit

The Amex Platinum card has no preset spending limit*, which is helpful if you’re planning a large purchase and don’t want to risk your card being declined.

The Chase Sapphire Preferred card has a traditional credit limit, so you need to stay under it at all times.

Annual Fees and Additional Users

Annual Fees

The Chase Sapphire Preferred card has a $95 annual fee, while the Amex Platinum card has a $895 annual fee (rates & fees).

Adding Additional Users

There are no fees to add authorized users to the Chase Sapphire Preferred card.

With the Amex Platinum card, you pay an annual fee of $195 per Additional Platinum Card holder (rates & fees).

You can add up to 99 total Companion Platinum Cards for no additional annual fees (rates & fees).

Final Thoughts

Even though the Chase Sapphire Preferred card and Amex Platinum card are both incredible products to have in your possession, they ultimately have a different place in your wallet depending on your spending and travel habits.

To start, the Amex Platinum card is one of the best products if you spend a lot of money on airfare and hotels. The Chase Sapphire Preferred card earns fantastic rewards on everyday purchases like dining, online groceries, and some streaming services.

The Amex Platinum card’s biggest selling point, though, is its luxury travel and lifestyle benefits, including a variety of valuable statement credits, airport lounge access, hotel, and car rental elite status, hotel perks, and more.

When it comes to rewards, you can’t go wrong with either Amex Membership Rewards points or Chase Ultimate Rewards points.

Surprisingly, the Chase Sapphire Preferred card offers better travel benefits than the Amex Platinum card in some cases, such as primary rental car insurance, roadside assistance, delayed baggage reimbursement, and travel accident insurance.

Overall, if you’re deciding between these cards, you should ultimately choose the Amex Platinum card if you’re looking for luxury travel perks and the Chase Sapphire Preferred card if you’re maximizing your rewards on everyday purchases.