Chase Sapphire Preferred vs American Express Platinum
Comprehensive comparison to help you choose the right option
Last updated: March 2026
Quick Verdict
Chase Sapphire Preferred takes the edge with a rating of 4.7/5. It's best for frequent travelers who want flexible rewards without a huge annual fee. However, American Express Platinum is the better choice if you're looking for frequent flyers who can use all the travel credits and lounge access.
Side-by-Side Comparison
| Feature | Chase Sapphire Preferred | American Express Platinum |
|---|---|---|
| Card Category | Travel | Premium Travel |
| Annual Fee | $95 | $695 |
| APR | 21.49%-28.49% | N/A (Charge Card) |
| Sign-Up Bonus | 60,000 points after $4,000 spend in 3 months | 80,000 points after $8,000 spend in 6 months |
| Rewards Rate | 5x travel via Chase, 3x dining & streaming, 2x other travel, 1x everything else | 5x flights booked direct, 5x prepaid hotels via Amex, 1x everything else |
| Foreign Transaction Fee | None | None |
| Credit Score Needed | Good to Excellent (670+) | Excellent (740+) |
| Our Rating | 4.7/5 | 4.3/5 |
Chase Sapphire Preferred: Pros & Cons
Chase Sapphire Preferred Pros
- + Excellent sign-up bonus
- + Flexible point transfers
- + No foreign transaction fees
- + Trip cancellation insurance
- + 25% more value on Chase portal
Chase Sapphire Preferred Cons
- - $95 annual fee
- - No airport lounge access
- - Limited premium travel perks
Best for: Frequent travelers who want flexible rewards without a huge annual fee
American Express Platinum: Pros & Cons
American Express Platinum Pros
- + Airport lounge access (Centurion, Priority Pass)
- + $200 airline credit
- + $200 hotel credit
- + $200 Uber Cash
- + Global Entry/TSA Pre credit
- + Hilton & Marriott Gold status
American Express Platinum Cons
- - $695 annual fee
- - 1x on most spending
- - Amex acceptance
- - Must use all credits to offset fee
Best for: Frequent flyers who can use all the travel credits and lounge access
Detailed Analysis
Who Should Choose Chase Sapphire Preferred?
Chase Sapphire Preferred is the better choice if you're looking for frequent travelers who want flexible rewards without a huge annual fee. Its strongest advantages include excellent sign-up bonus and flexible point transfers. With a rating of 4.7/5, it stands out as one of the best options available.
Who Should Choose American Express Platinum?
American Express Platinum is ideal for those who want frequent flyers who can use all the travel credits and lounge access. Key strengths include airport lounge access (centurion, priority pass) and $200 airline credit. Rated 4.3/5, it delivers strong value for most users.
Final Verdict
Chase Sapphire Preferred
American Express Platinum
Both Chase Sapphire Preferred and American Express Platinum are solid credit card options. Choose Chase Sapphire Preferred if you value excellent sign-up bonus. Choose American Express Platinum if you prioritize airport lounge access (centurion, priority pass).