They’re also among the most expensive, with annual fees of $695 (see rates and fees) and $550, respectively.
But which is right for your wallet?
Both cards are offering lucrative welcome bonuses. New Amex Platinum cardmembers can earn 80,000 Membership Rewards points after spending $8,000 in the first six months of card membership. TPG values that offer at around $1,600.
Plus, some targeted applicants may be able to earn up to 150,000 points. Check your eligibility using TPG’s CardMatch tool.
Meanwhile, new Sapphire Reserve cardholders can earn up to 60,000 Chase Ultimate Rewards points by spending $4,000 within the first three months of card membership. TPG values that welcome offer at roughly $1,230. It’s fewer points but an easier-to-reach spending threshold.
You’ll get premium airport lounge access with both cards, from Amex’s Centurion Lounges (more widespread) to Chase’s new Sapphire Lounges (a smaller but fast-growing portfolio).
You’ll also get access to Amex Fine Hotels + Resorts through Amex Travel and Chase’s Luxury Hotel & Resort Collection in the Chase Travel portal, which both offer additional travel benefits.
Both cards have an assortment of travel and non-travel credits. If you fully use all the statement credits available, your potential cost savings are higher with the Amex Platinum. At the same time, some of the Amex credits can be tougher to use than others.
Amex Platinum members get automatic elite status with Marriott Bonvoy and Hilton Honors. But Sapphire Reserve cardholders can transfer their points to World of Hyatt, which won a TPG Award in 2023 for Best Hotel Loyalty Program.
Ultimately, it comes down to your spending habits and travel preferences.
Here are some resources to help you decide which card is best for you:
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Disney reveals the name, theme and bow artwork for the third vessel in the line's new Triton Class of ships. It will be a sister ship to Disney Wish and the soon-to-debut Disney Treasure.
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