Comparing it to the Chase Sapphire Reserve®
These two great cards have been battling for supremacy since the Chase Sapphire Reserve® debuted in 2016. The Chase Sapphire Reserve® always had a small advantage by having a lesser annual fee of $450, but that changed in January 2020 when the fee was raised to match The Platinum Card® from American Express at $695.
The Platinum Card® from American Express offers a more travel centric rewards-earning program: 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year and 5X Membership Rewards® points on prepaid hotels booked with American Express Travel. Terms apply. The Chase Sapphire Reserve® focuses on travel and dining with 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases.
Ultimately, you have to consider the rewards programs and additional card benefits to see which card is the better choice for you.
Both cards offer a few identical benefits, such as an up to $100 statement credit for Global Entry or TSA Precheck and a 1:1 points transfer to select frequent flyer programs.
However, each card also has benefits that are unique to each individual card, shown below.
To see rates & fees for The Platinum Card® from American Express please click here.