Ranking 2 Highest Premium Travel Credit Cards (Highest Value?) | Summary and Q&A

TL;DR

This video compares the benefits and perks of the Chase Sapphire Reserve and the American Express Platinum Card to help viewers make an informed decision on which card is better for them.

Key Insights

• 🇦🇸 Both the Chase Sapphire Reserve and the American Express Platinum Card offer significant value and benefits for frequent travelers.
• 🧡 The American Express Platinum Card provides a more prestigious and exclusive experience, with perks such as elite hotel status and a range of valuable credits.
• 😒 The Chase Sapphire Reserve is beginner-friendly and easier to use, especially for those already using other Chase products.
• 🤱 Having both cards can be beneficial for maximizing benefits, but it's important to consider the annual fees and ensure they are not outweighing the benefits.

Transcript

the Chase Sapphire reserve and the American Express Platinum Card are two luxury premium Tier credit cards that have been in heavy competition with one another that's because these two cards unlock an insane amount of value for anyone who travels regularly and they also offer some of the best credit card perks benefits and more within the market al... Read More

Questions & Answers

Q: How does the welcome bonus of the American Express Platinum Card compare to the Chase Sapphire Reserve?

The American Express Platinum Card offers an 88,000-point welcome bonus after spending $6,000 in six months, while the Chase Sapphire Reserve offers a 60,000-point welcome bonus after spending $4,000 in three months.

Q: What are the earning rates for each card?

The American Express Platinum Card earns 5x points on flights and prepaid hotels booked through Amex Travel, while the Chase Sapphire Reserve earns 10x points on prepaid hotels and rental cars booked through Chase.

Q: What are the main differences in benefits between the two cards?

The American Express Platinum Card offers benefits such as free Elite tiers at hotels, the Amex Fine Hotels and Resorts portal, and extensive protection and insurance. The Chase Sapphire Reserve offers benefits such as access to exclusive lounges and the Chase Ultimate Rewards portal.

Q: Which card is recommended for international travel and which one for domestic travel?

The American Express Platinum Card is better for international travel, while the Chase Sapphire Reserve is more suitable for domestic travel. However, it ultimately depends on personal spending habits and travel preferences.

Summary & Key Takeaways

• The American Express Platinum Card is widely considered the best Elite Tier credit card, offering a generous welcome bonus and multiple credits for travel expenses.

• The Chase Sapphire Reserve has a lower annual fee and offers a range of earning rates and benefits, making it beginner-friendly and suitable for those already using other Chase products.

• Both cards offer perks such as elite hotel status, rental car benefits, and protection and insurance. The Chase Sapphire Reserve has a higher credit limit, while the American Express Platinum Card is a charge card with no credit limit.