Latinum vs chase sapphire reserve5/7/2023 ![]() A Lyft Pink All Access membership, which requires activation by December 31, 2024, and is valid for two years you also earn 10x Chase points on Lyft rides.The ability to redeem Ultimate Rewards points for 1.5 cents toward travel purchases through the Ultimate Rewards portal.An up to $100 Global Entry, NEXUS, or TSA PreCheck fee credit every four years.A Priority Pass membership (with credits at Priority Pass restaurants, which you don’t get with the Amex Platinum).Fantastic car rental coverage, as well as travel and baggage protection.The Chase Sapphire Reserve has a $550 annual fee and offers: Basics of the Chase Sapphire Reserve Card And that’s without even using the Equinox or digital entertainment credits. That’s $879 worth of credits that I’m more or less maximizing, so that’s pretty awesome, if you ask me, as that more than covers the annual fee by my math. ![]() Personally, I get near full value out of the: Let me share my math, based on my own situation. The catch is that not everyone is going to use all of those credits. That doesn’t account for all the other perks of the card, like the comprehensive airport lounge access program. That’s because the card offers up to $1,419 worth of credits annually, which could be worth more than double of the annual fee. To be honest, it’s hard to do a “one size fits all” number-crunching of the Amex Platinum. Access Amex Centurion Lounges with the Amex Platinum Card Read a full review of the Amex Platinum Card, and read about my favorite perks of the Amex Platinum Card. Access to the Amex Offers program, which offers savings with a variety of retailers.Access to Amex Fine Hotels & Resorts, which can score you extra perks on luxury hotel stays.Access to the Amex International Airline Program, which can save you money on premium international airfare.A Global Entry or TSA PreCheck credit (this benefit applies once every 4.5 years for the application of TSA PreCheck, and once every four years for the application of Global Entry).Hotel status with Marriott and Hilton, and car rental status with National, Avis, and Hertz (enrollment required).5x points on airfare purchased directly from airlines (on up to $500,000 in flight purchases per calendar year, and then 1x) making this the best card for airfare purchases other than that there are better cards for earning Amex Membership Rewards points.The most comprehensive airport lounge access offered by any credit card, including access to Amex Centurion Lounges, Delta Sky Clubs, Plaza Premium Lounges, a Priority Pass membership (enrollment required), and more.A bunch of annual credits - up to $300 in statement credits each year on a digital or club membership at Equinox (enrollment required), up to $240 in annual digital entertainment credits (enrollment required), up to $200 in annual hotel credits, up to $200 in annual airline fee credits (enrollment required), up to $200 in annual Uber credits (enrollment required), up to $189 in annual CLEAR credits, and up to $100 in annual Saks credits.The Amex Platinum has a $695 annual fee ( Rates & Fees) and offers a variety of valuable perks, including: But who wants to pay $1,245 in annual fees?.Why the cards are complements, not substitutes.Basics of the Chase Sapphire Reserve Card.Let me break down why these cards serve such different purposes. ![]() While you’ll pay over $1,200 in annual fees between the two cards, I think it absolutely could make sense to have both. ![]() In this post I wanted to take a closer look at that question - what are the pros and cons of both cards, and can it make sense to have both of them? Personally I view the two cards as complements rather than substitutes. ![]() Two of the most popular of these cards are The Platinum Card® from American Express and Chase Sapphire Reserve® Card, and I know a lot of people struggle to decide which card is a better fit. Nowadays premium credit cards are more popular than ever before. Please check out our advertiser policy for further details about our partners, and thanks for your support! Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. These are the best publicly available offers (terms apply) that we have found for each product or service. In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. ![]()
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