Amex Platinum vs Chase Sapphire Reserve — which is worth it to you?

The American Express Platinum Card ($895/yr) and the Chase Sapphire Reserve ($795/yr) side by side: credits, earning rates against a flat 2% cash-back baseline, and protections — with your spending deciding which card actually wins each category.

The Amex Platinum charges $895 a year against the Chase Sapphire Reserve's $795, so it starts $100 behind. The Amex Platinum earns Membership Rewards while the Chase Sapphire Reserve earns Chase Ultimate Rewards. A point in one program isn't automatically worth a point in the other, so the calculator below turns everything into dollars against a flat 2% card.

Both cards pay a bonus on flights (5x vs 4x). The Chase Sapphire Reserve also has a bonus on hotels (4x) and dining (3x), with nothing to match it on the Amex Platinum.

The Amex Platinum comes with 12 statement credits, the biggest being $600 Hotel Credit, $400 Resy Dining Credit and $300 lululemon Credit, plus 9 more. The Chase Sapphire Reserve has 12 statement credits: $500 'The Edit' Hotel Credit, $500 Southwest Airlines Chase Travel Credit ($75k spend) and $300 Annual Travel Credit, plus 9 more. All of these are face values, and a credit only really pays out if it covers something you were buying anyway.

Both cards carry elite status, extended warranty, lounge access, no foreign transaction fees, purchase protection, rental car collision coverage, trip cancellation and trip delay. The Amex Platinum alone has cell phone protection; the Chase Sapphire Reserve alone has emergency evacuation, emergency medical, lost luggage, memberships, Reserve Travel Designers, return protection, roadside assistance and travel accident insurance.

American Express Platinum Card

American Express · $895 annual fee · earns Membership Rewards

Earning rates

5x Flights booked direct or via AmexTravel (on up to $500,000/yr, then 1x)
5x Prepaid hotels via AmexTravel
1x Everything else (incl. dining, groceries, hotels direct)

Statement credits (12)

$600 Hotel Credit — $300 per half-year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings via AmexTravel.
$400 Resy Dining Credit — $100 per quarter at US Resy restaurants and other eligible Resy purchases.
$300 lululemon Credit — $75 per quarter at lululemon in the US.
$300 Digital Entertainment Credit — Up to $25/month toward eligible subscriptions (Disney+, ESPN, Hulu, NYT, Paramount+, Peacock, WSJ, YouTube).
$200 Airline Fee Credit — Incidental fees (bags, seats, lounge day passes) on one selected airline per year.
$200 Uber Cash — $15/month in Uber Cash ($35 in December) for US rides or Uber Eats.
$120 Uber One Credit — Up to $120 in statement credits per calendar year for an auto-renewing Uber One membership purchased with the card.
$200 Oura Ring Credit — Up to $200 in statement credits per calendar year toward an Oura Ring purchased at Ouraring.com.
$300 Equinox Credit — Up to $300 in statement credits per calendar year toward an Equinox club membership or Equinox+ digital subscription.
$155 Walmart+ Credit — Covers a monthly Walmart+ membership ($12.95/mo).
$219 CLEAR Plus Credit — Covers a CLEAR Plus airport security membership (up to $219 per calendar year).
Global Entry / TSA PreCheck Credit — $120 Global Entry credit every 4 years (~$30/yr) or TSA PreCheck every 4.5 years.

Full American Express Platinum Card breakdown — 9 more benefits on the full page.

Chase Sapphire Reserve

Chase · $795 annual fee · earns Chase Ultimate Rewards

Earning rates

8x Chase Travel portal bookings
4x Flights booked direct
4x Hotels booked direct
3x Dining worldwide
5x Lyft rides
1x Everything else

Statement credits (12)

$300 Annual Travel Credit — Automatic statement credit against almost any travel purchase — flights, hotels, transit, parking.
$500 'The Edit' Hotel Credit — Up to $250 back per half-year on prepaid 2+ night stays booked through The Edit by Chase Travel.
$250 Select Chase Travel Hotels Credit — Up to $250 back on prepaid 2+ night Chase Travel bookings at select hotel brands, through Dec 31, 2026.
$300 Exclusive Tables Dining Credit — $150 per half-year at 'Sapphire Reserve Exclusive Tables' restaurants booked via OpenTable.
$300 StubHub / viagogo Credit — $150 per half-year toward event tickets on StubHub or viagogo.
Apple TV+ & Apple Music — Complimentary Apple TV+ and Apple Music subscriptions (activation required).
DoorDash Monthly Promos — Up to $25/month in DoorDash credits ($5 restaurant + two $10 non-restaurant promos), requires DashPass enrollment.
$10/month Lyft Credit — In-app Lyft credit each month, plus 5x points on Lyft rides.
$10/month Peloton Credit — Statement credit toward Peloton memberships.
Global Entry / TSA PreCheck / NEXUS Credit — $120 application-fee credit once every 4 years (~$30/yr).
$250 Shops at Chase Credit ($75k spend) — Up to $250 in statement credits at The Shops at Chase, unlocked once calendar-year card spend reaches $75,000.
$500 Southwest Airlines Chase Travel Credit ($75k spend) — Up to $500 in statement credits for Southwest Airlines purchases via Chase Travel, unlocked once calendar-year card spend reaches $75,000.

Full Chase Sapphire Reserve breakdown — 19 more benefits on the full page.

Card data verified against issuer sources: American Express Platinum Card on 2026-08-24, Chase Sapphire Reserve on 2026-08-24.

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