The Platinum Card from American Express vs Chase Sapphire Preferred Card
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 November 13, 2026.
The Platinum Card from American ExpressAmerican Express · $895/yr
Chase Sapphire Preferred CardChase · $95/yr
Overview
- Annual fee
- The Platinum Card from American Express$895Chase Sapphire Preferred Card$95Lowest
- Welcome offerCurrent public offer
- The Platinum Card from American ExpressAs high as 175,000 points — offers varyChase Sapphire Preferred Card75,000 points
- Rewards
- The Platinum Card from American ExpressAmerican Express Membership RewardsChase Sapphire Preferred CardChase Ultimate Rewards
- Foreign transaction fee
- The Platinum Card from American ExpressNoneChase Sapphire Preferred CardNone
- Network
- The Platinum Card from American ExpressAmerican ExpressChase Sapphire Preferred CardVisa Signature
Earn ratesPer $1 spent
- Flights
- The Platinum Card from American Express5xHighestChase Sapphire Preferred Card1x
- Dining
- The Platinum Card from American Express1xChase Sapphire Preferred Card3xHighest
- Electric Vehicle Charging
- The Platinum Card from American Express1xChase Sapphire Preferred Card3xHighest
- Gas Stations
- The Platinum Card from American Express1xChase Sapphire Preferred Card3xHighest
- Grocery Stores
- The Platinum Card from American Express1xChase Sapphire Preferred Card3xHighest
- Streaming
- The Platinum Card from American Express1xChase Sapphire Preferred Card3xHighest
- Vacation Rentals
- The Platinum Card from American Express1xChase Sapphire Preferred Card3xHighest
- Travel
- The Platinum Card from American Express1xChase Sapphire Preferred Card2xHighest
- Hotels
- The Platinum Card from American Express1xChase Sapphire Preferred Card1x
- Everything else
- The Platinum Card from American Express1xChase Sapphire Preferred Card1x
Statement creditsAs the issuer states them · — means none on record
- Travel
- The Platinum Card from American Express
- $600 lodging credit
- $250 Airbnb Experiences credit
- $219 CLEAR Plus credit
- $200 airline credit
- $120 Global Entry or up to $85 TSA PreCheck / 4 years · $120 every 4 years
Chase Sapphire Preferred Card- $120 Global Entry/TSA PreCheck/NEXUS credit · $120 every 4 years
- $100 hotel credit
- Rideshare & transit
- The Platinum Card from American Express
- $200 Uber Cash
- $120 Uber One credit
Chase Sapphire Preferred Card— - Dining & delivery
- The Platinum Card from American Express
- $400 Resy credit
Chase Sapphire Preferred Card— - Entertainment & streaming
- The Platinum Card from American Express
- $300 streaming credit
Chase Sapphire Preferred Card- A year of Apple TV, valued at $180 · $180 one-time
- Shopping & wellness
- The Platinum Card from American Express
- $300 Equinox credit
- $300 Lululemon credit
- $200 Oura Ring credit
- $155 Walmart+ credit
Chase Sapphire Preferred Card—
Perks & access— means none on record
- Lounges
- The Platinum Card from American Express
- Airspace Lounge access at US airports with 2 guests
- 26 Centurion Lounges worldwide with premium dining
- 10 Delta Sky Club visits per year when flying Delta
- Escape Lounge access at US airports with food and beverages
- International Amex Lounges at select global airports
- Global Lounge Collection with 1,550+ airport lounges
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- Lufthansa Business Lounge access on Lufthansa Group
- Plaza Premium Lounge access at airports with Global Lounge
- Priority Pass Select with 1,300+ lounges globally
Chase Sapphire Preferred Card— - Hotel status & programs
- The Platinum Card from American Express
- Hilton Gold with 80% bonus points and breakfast
- Leaders Club Sterling Status at Leading Hotels
- Marriott Gold with 25% bonus points and upgrades
- Fine Hotels + Resorts: $100 credits and upgrades
- Hotel Collection access with room upgrades and credits
Chase Sapphire Preferred Card— - Airline perks
- The Platinum Card from American Express
- Platinum Member Airfares, 10% average premium savings
Chase Sapphire Preferred Card— - Car rental
- The Platinum Card from American Express
- Elite status with Hertz, National, Avis for upgrades
Chase Sapphire Preferred Card— - Other perks
- The Platinum Card from American Express
- Amex Offers
- 24/7 premium travel assistance with medical transport
- Premium Events Collection™
- Early access to concerts and events
- 24/7 Platinum Concierge for travel and lifestyle help
- Free expedited card replacement in 24-48 hours worldwide
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- Entertainment access with exclusive presales and VIP events
- No foreign transaction fees on international purchases save
- Roadside assistance with up to 4 service calls per year
- Platinum Nights by Resy
- Platinum Travel Service
Chase Sapphire Preferred Card- Complimentary DashPass after activation
- Up to $10 monthly on a non-restaurant DoorDash order
- No Foreign Transaction Fees on international purchases
Protections & insuranceLimits where published · — means none on record
- Trip insurance
- The Platinum Card from American Express
- $10,000 trip cancellation coverage per covered trip
- $500 trip delay Cover for delays exceeding 6 hours
Chase Sapphire Preferred Card- Travel Accident Insurance up to $500,000
- $10,000 Trip Cancellation Insurance per person
- $500 Trip Delay Reimbursement per traveler
- Baggage
- The Platinum Card from American Express
- $3,000 baggage insurance for lost or damaged bags
Chase Sapphire Preferred Card- $500 Baggage Delay Insurance ($100 per day)
- $3,000 Lost Luggage Reimbursement per traveler
- Rental car
- The Platinum Card from American Express
- $100,000 primary rental car coverage for $20-$25/rental
- $75,000 car rental loss and damage insurance
Chase Sapphire Preferred Card- Auto Rental Coverage
- Purchase & returns
- The Platinum Card from American Express
- $10,000 purchase Cover against theft and damage for 90 days
- $300 return Cover when merchants won't accept returns within
Chase Sapphire Preferred Card- 120-day Purchase Protection up to $500 per item
- Extended warranty
- The Platinum Card from American Express
- Extended warranty adds 1 year to warranties under 5 years
Chase Sapphire Preferred Card- Extended Warranty Protection adds 1 extra year
- Cell phone
- The Platinum Card from American Express
- $800 cell phone protection with $50 deductible
Chase Sapphire Preferred Card— - Other protections
- The Platinum Card from American Express
- Zero liability protection on fraudulent charges
- Global Assist Hotline with 24/7 emergency help traveling
Chase Sapphire Preferred Card- Travel and Emergency Assistance Services
Pros & cons
- Pros
- The Platinum Card from American Express
- Access to 9 lounge networks including exclusive Centurion Lounges with 2 guests free
- $200/year Uber Cash plus a $120 Uber One membership credit
- $400/year Resy dining credit at select restaurants
- Automatic Marriott Gold and Hilton Gold status with room upgrades and breakfast
- 5X points on flights booked direct or via Amex Travel
Chase Sapphire Preferred Card- 75,000 point welcome bonus after $5,000 in purchases in the first 3 months
- $95 annual fee partly offset by a $100 Chase Travel hotel credit each account anniversary year
- Transfers to 14 airline and hotel partners, 13 at 1:1 and Hyatt at 4:3
- 5X on Chase Travel, 3X dining, streaming, online groceries
- Trip cancellation, delay, and lost luggage insurance included
- Cons
- The Platinum Card from American Express
- $895 annual fee requires significant credit utilization to break even
- Many credits require specific merchants (Resy, Equinox, lululemon, Oura)
- Only 1X points on non-travel purchases limits everyday earning
- Secondary car rental coverage unless paying $24.95/rental for primary
- $195 authorized user fee after first 3 free cards
Chase Sapphire Preferred Card- $95 annual fee vs $0 Freedom cards
- No lounge access included
- 5/24 rule restricts applicants with 5+ cards in 24 months
- No 0% intro APR offer
Expert Analysis
The Platinum Card from American Express and Chase Sapphire Preferred Card are two of the most popular cards in their category, and choosing between them comes down to which rewards structure better matches your spending. Both deliver strong value, but in meaningfully different ways.
The Platinum Card from American Express's strongest category is Flights at 5X, while the Chase Sapphire Preferred Card leads with 3X on Dining. Overall, the Chase Sapphire Preferred Card wins in more bonus categories (5 vs 1) — so the better choice depends on where you spend the most.
At $95/yr vs $895/yr, the Chase Sapphire Preferred Card is the more accessible option. The Platinum Card from American Express needs to deliver at least $800 in annual value through its premium benefits to justify the gap. It offers airport lounge access, a Global Entry/TSA PreCheck credit, which can cover that gap for active users.
Key Differences
- The Platinum Card from American Express earns 5X on Flights vs 1X for the other
- Chase Sapphire Preferred Card earns 3X on Dining vs 1X for the other
- Chase Sapphire Preferred Card earns 3X on Streaming vs 1X for the other
- The Chase Sapphire Preferred Card costs $95/yr vs $895/yr — a $800 annual gap
- Only The Platinum Card from American Express offers airport lounge access and a Global Entry/TSA PreCheck credit
- Different networks: The Platinum Card from American Express is AMEX, Chase Sapphire Preferred Card is VISA
Spending Scenarios
Which card wins in real-world spending situations?
$300/month on flights
The Platinum Card from American ExpressThe Platinum Card from American Express earns 5X vs 1X. Over a year, that's 18,000 vs 3,600 points — a 14,400-point advantage.
$400/month on dining
Chase Sapphire Preferred CardChase Sapphire Preferred Card earns 3X vs 1X. Over a year, that's 14,400 vs 4,800 points — a 9,600-point advantage.
$50/month on streaming
Chase Sapphire Preferred CardChase Sapphire Preferred Card earns 3X vs 1X. Over a year, that's 1,800 vs 600 points — a 1,200-point advantage.
Mixed everyday spending, 2 trips/year
Chase Sapphire Preferred CardWithout heavy spending in The Platinum Card from American Express's premium categories, the $800 fee difference is hard to recover. The Chase Sapphire Preferred Card delivers better overall value for moderate spenders.
Who Should Get Which?
Get the The Platinum Card from American Express if:
The Platinum Card from American Express is ideal for cardholders who prioritize spending heavily on flights and maximizing premium travel perks. At $895/yr, it delivers solid return on the annual fee investment for its target audience.
Get the Chase Sapphire Preferred Card if:
The Chase Sapphire Preferred Card is ideal for cardholders who prioritize spending heavily on dining and streaming and keeping annual costs low. At $95/yr, it delivers solid return on the annual fee investment for its target audience.
Upgrade & Downgrade Path
These cards are from different issuers, so switching between them requires a new application. Many rewards enthusiasts hold both to maximize earn rates across different spending categories — the annual fee total may be worth it if you're actively using both cards' bonus categories.
Consider which card's rewards ecosystem better fits your redemption goals. Transferable points programs offer more flexibility for travel redemptions.
Category-by-Category Winner
The Chase Sapphire Preferred Card wins in 5 of 5 categories. The The Platinum Card from American Express leads in 0. 3 more categories depend on booking channel or caps.
Vacation Rentals
Depends: via issuer travel portal; Link an Airbnb account in your name to your American Express online account and book prepaid through Amex Travel; Airbnb bookings made directly with Airbnb earn 1X.
The Platinum Card from American Express earns 5X when conditions are met; Chase Sapphire Preferred Card earns 3X (3X without restrictions)
Travel
Chase Sapphire Preferred Card earns 5X vs 1X
5X via Chase Travel portal
Car Rentals
Depends: via Chase Travel portal - the Chase Travel travel rate restated per bookable subcategory, as Capital One and Citi portal rates are recorded
Chase Sapphire Preferred Card earns 5X when conditions are met; The Platinum Card from American Express earns 1X (1X without restrictions)
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
Streaming
Chase Sapphire Preferred Card earns 3X vs 1X
Grocery Stores
Depends: Online purchases only. Excludes Target, Walmart, Wholesale Clubs. Grocery pickup or delivery must be ordered online and qualify under Chase's online grocery category. Excludes membership and subscription fees, supermarket pharmacies, gift cards and gift baskets.
Chase Sapphire Preferred Card earns 3X when conditions are met; The Platinum Card from American Express earns 1X (1X without restrictions)
Year One vs Ongoing Value
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): $1,381 − Annual fee ($895) Ongoing: $666 Year one: $666 | Rewards: $346 Credits (our usable estimate): $75 − Annual fee ($95) Ongoing: $326 Year one: $1,784 | 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): $1,381 − Annual fee ($895) Ongoing: $1,206 Year one: $1,206 | Rewards: $1,382 Credits (our usable estimate): $75 − Annual fee ($95) Ongoing: $1,362 Year one: $2,820 | Close — depends on how much of the credits you use | Chase Sapphire Preferred Card |
Is the Fee Difference Worth It?
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 vacation rentals and everyday spend.
What You Give Up
Choosing one card means missing out on these benefits from the other.
Choosing Chase Sapphire Preferred Card means losing:
- -Airport lounge access
Which Card Is Right for You?
Get the The Platinum Card from American Express if you:
- +Fly frequently and value airport lounge access
Get the Chase Sapphire Preferred Card if you:
- +Spend $300+/month on restaurants and dining out
- +Do most of your spending at grocery stores
The Bottom Line
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.
Frequently Asked Questions
- Is the The Platinum Card from American Express worth the higher annual fee?
- The The Platinum Card from American Express costs $895/yr vs $95/yr for the Chase Sapphire Preferred Card. Compare the year-one vs ongoing value table on this page — the $800 gap must be offset by higher earn rates, welcome offers, or credits you will use (the The Platinum Card from American Express also lists lounge access, travel credits, dining credits).
- Which card earns more rewards, the The Platinum Card from American Express or Chase Sapphire Preferred Card?
- Both cards earn 1X on everyday purchases. The difference is in bonus categories — check the earn rate comparison above for a full breakdown.
- What benefits does the The Platinum Card from American Express have that the Chase Sapphire Preferred Card doesn't?
- The The Platinum Card from American Express offers lounge access, travel credits, dining credits, cell phone protection. The Chase Sapphire Preferred Card focuses more on earn rates than premium perks.
- Should I get the The Platinum Card from American Express or the Chase Sapphire Preferred Card?
- Use the spend scenarios on this page: the Chase Sapphire Preferred Card has a lower $95/yr fee; the The Platinum Card from American Express must earn enough extra (or offer a larger welcome bonus) to justify $895/yr.
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; catalog last published November 13, 2026, and each card page shows when its terms were last checked. Card issuers do not influence our rankings or content.