If you want a more flexible travel and dining rewards card that offers a valuable sign-up bonus at a lower annual fee, check out the Chase Sapphire Preferred® Card.
At $95 a year, the Chase Sapphire Preferred® Card offers a similar sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
The card offers a larger number of valuable redemption options, including cash, statement credits, gift cards, travel and products and services. Cardholders also get a 25% bonus on points redeemed for travel through Chase Ultimate Rewards®, meaning you can get at least 1.25 cents per point on most of your travel redemptions.
Like the American Express® Gold Card, the Chase Sapphire Preferred® Card allows members to transfer points to a variety of travel transfer partners at a rate of 1:1 to get even more value on their points. However, Chase offers different transfer partners, including United and Southwest, making the card a better fit for frequent flyers with these airlines.
While the American Express® Gold Card offers the opportunity to earn a higher rewards rate on flights booked directly with airlines or on amextravel.com, the Chase Sapphire Preferred® Card also offers an elevated rate in a broader variety of travel categories, including airlines, hotels, motels, timeshares, car rental agencies, discounted travel sites and campgrounds, as well as operators of passenger trains, buses, taxis, limousines, ferries, toll bridges, highways, parking lots and garages.