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Many people have reported being targeted for the 100,000 point offer for The Platinum Card from American Express through the CardMatch Tool. Be sure to check for yourself to see what offers are available to you (there is no credit check)!

TPG reader Matt emailed me to ask:

“I am currently 22 and undecided if I should invest in an Amex Platinum or Chase Sapphire Preferred card. I do enjoy traveling, mostly to Las Vegas (and I’m a fan of the Centurion lounge) and on cruises. I’m aware of the annual fees for both cards, but was seeking your personal recommendation as to which I should apply for.”

Right off the bat, knowing very little about Matt except that he’s 22, I would assume that since he’s young, his income probably isn’t high. The $450 annual fee for the American Express Platinum may be excessive if you’re on a tight budget. For that reason, my gut says the Chase Sapphire Preferred is the better bet. The annual fee is a relatively low $95, and is waived the first year, making it a much more affordable card. The earning potential is also higher on that card, as you get two Ultimate Rewards points per dollar spent on travel and dining.

However, Matt did mention he loves the Centurion Lounge. Entrance to those lounges without the Amex Platinum is $50 (for other Amex cardholders), so a lot of the answer depends on how much he’s going to that lounge and paying for it out of pocket. If you go to Vegas twice a year and visit the lounge there on your way in and out of McCarran, you’ll save $200 with the Platinum card, or even more if you travel with a friend.

The $200 airline credit brings the annual fee down to $250 (which is five entrances to the Centurion lounge if you look it that way), and the card has a variety of other perks. However, many of those perks are only good if you’re staying at high-end hotels or buying premium concert tickets and want access to events.

Choosing between cards can be hard. The Amex Platinum vs. the Chase Sapphire Preferred is a tough one! Photo courtesy of Shutterstock.
The Amex Platinum vs. the Chase Sapphire Preferred is a tough choice! Photo courtesy of Shutterstock.

In general, getting the Amex Platinum only makes sense if you can really take advantage of all the benefits. If it’s lounge access you’re after, you could consider getting the Amex Everyday card, which accrues Membership Rewards points, has better earning than the Platinum card, and will allow you to access Centurion Lounges (at $50 per visit) for as long as you have the card. If you’re only visiting the lounge a couple times a year, the Chase Sapphire Preferred and Amex Everyday with no annual fee are probably the better bet. You can use the Sapphire Preferred as your main card and build up the balance, and use the Amex Everyday to enter the Centurion Lounge.

Of course, if you have a higher budget, you could go ahead and get both cards, but if you don’t want to overwhelm yourself with annual fees, get the the Sapphire Preferred and Everyday cards.

If you have any other questions, please tweet me @thepointsguy, message me on Facebook, or send me an email at

Chase Sapphire Preferred® Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.