Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
Annual fees: The Platinum Card from American Express $895/yr, Chase Sapphire Preferred Card $95/yr. Strongest bonus categories: The Platinum Card from American Express on hotels, Chase Sapphire Preferred Card on travel.
Card data as of September 27, 2026.
Annual Fee
Welcome Bonus
| Category | The Platinum Card from American Express | Chase Sapphire Preferred Card |
|---|---|---|
| Flights | 5X | 1X |
| Dining | 1X |
The Chase Sapphire Preferred Card wins in 7 of 7 categories. The The Platinum Card from American Express leads in 0. 2 more categories depend on booking channel or caps.
Hotels
Depends: via amextravel
The Platinum Card from American Express earns 5X when conditions are met; Chase Sapphire Preferred Card earns 1X (1X without restrictions)
Flights
Depends: via AmexTravel; up to $500,000/yr
The Platinum Card from American Express earns 5X when conditions are met; Chase Sapphire Preferred Card earns 1X (1X without restrictions)
Travel
Chase Sapphire Preferred Card earns 5X vs 1X
5X via Chase Travel portal
Dining
Chase Sapphire Preferred Card earns 3X vs 1X
Gas Stations
Chase Sapphire Preferred Card earns 3X vs 1X
Electric Vehicle Charging
Chase Sapphire Preferred Card earns 3X vs 1X
Vacation Rentals
Chase Sapphire Preferred Card earns 3X vs 1X
Close — depends on how much of the credits you use
Published annual fees: The Platinum Card from American Express $895/yr, Chase Sapphire Preferred Card $95/yr — a $800 difference before welcome offers and credits.
| 3X |
| Electric Vehicle Charging | 1X | 3X |
| Gas Stations | 1X | 3X |
| Grocery Stores | 1X | 3X |
| Streaming | 1X | 3X |
| Vacation Rentals | 1X | 3X |
| Travel | 1X | 2X |
| Hotels | 1X | 1X |
| Everything Else | 1X | 1X |
Network
Key Benefits
Pros
Cons
Streaming
Chase Sapphire Preferred Card earns 3X vs 1X
Grocery Stores
Chase Sapphire Preferred Card earns 3X vs 1X
Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.
Close — depends on how much of the credits you use
| Scenario | The Platinum Card from American Express | Chase Sapphire Preferred Card | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $180 Credits (our usable estimate): $1,445 − Annual fee ($895) Ongoing: $730 Year one: $730 | Rewards: $410 Credits (our usable estimate): $109 − Annual fee ($95) Ongoing: $424 Year one: $1,774 | Close — depends on how much of the credits you use | Chase Sapphire Preferred Card |
| Heavy spender: $4,000/month | Rewards: $720 Credits (our usable estimate): $1,445 − Annual fee ($895) Ongoing: $1,270 Year one: $1,270 | Rewards: $1,642 Credits (our usable estimate): $109 − Annual fee ($95) Ongoing: $1,656 Year one: $3,006 | Close — depends on how much of the credits you use | Chase Sapphire Preferred Card |
The The Platinum Card from American Express costs $895/yr — that's $800 more than the Chase Sapphire Preferred Card ($95/yr). To justify that gap, you need to extract at least $800 in annual value from the card's higher earn rates and benefits.
The The Platinum Card from American Express includes travel credits, dining credits, lounge access, Global Entry/TSA PreCheck credit, complimentary hotel status. Those perks are not included in the earn-rate scenario table above — compare their dollar value to the $800 fee gap for your own usage.
Bottom line: Use the year-one vs ongoing table for modeled earn value at your spend level. The $800 fee gap means the The Platinum Card from American Express needs roughly $800 more in annual rewards (or credits you will use) to break even on hotels and flights and everyday spend.
Choosing one card means missing out on these benefits from the other.
Choosing Chase Sapphire Preferred Card means losing:
Get the The Platinum Card from American Express if you:
Get the Chase Sapphire Preferred Card if you:
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
