Chase Sapphire Preferred vs Amex Platinum
Ultimate Rewards vs Membership Rewards
Verified July 2026
The Chase Sapphire Preferred ($95) undercuts the Amex Platinum ($895) on annual fee. Pick the Chase Sapphire Preferred for everyday Lyft spending (5x); pick the Amex Platinum for everyday Prepaid hotels via Amex Travel spending (5x).
At a Glance
Chase Sapphire Preferred
- Annual Fee
- $95
- Signup Bonus
- 100,000 points
- Network
- Visa
- Points Currency
- Ultimate Rewards
- Earning Rates
-
Lyft 5xDining 3xVacation Homes 3xOther Purchases 1xGas And Ev Charging 3xChase Travel Purchases 5x
The Platinum Card from American Express
- Annual Fee
- $895
- Signup Bonus
- 175,000 points
- Network
- Amex
- Points Currency
- Membership Rewards
- Earning Rates
-
Other Purchases 1xPrepaid Hotels Via Amex Travel 5xFlights Booked Direct Or Via Amex Travel 5x
Category Breakdown
How they compare across key categories
Annual Fee
Chase Sapphire Preferred winsChase Sapphire Preferred $95 vs Amex Platinum $895
Welcome Bonus
Amex Platinum winsChase Sapphire Preferred: 100,000 points after $5,000 in 3 months vs Amex Platinum: 175,000 points after $12,000 in 6 months
Top Earning Rate
TieChase Sapphire Preferred: 5x on Lyft vs Amex Platinum: 5x on Prepaid hotels via Amex Travel
Perks & Credits
Amex Platinum winsChase Sapphire Preferred: 4 listed benefits vs Amex Platinum: 9 listed benefits
Transfer Partners
TieChase Sapphire Preferred: 14 airline and hotel partners vs Amex Platinum: 20+ airline and hotel partners
Perks & Benefits
Chase Sapphire Preferred
- Chase Travel hotel credit ($100)
- Global Entry/TSA PreCheck credit ($120)
- DoorDash DashPass ($120)
- Apple TV subscription ($0)
The Platinum
- Hotel credit ($600)
- Digital entertainment credit ($300)
- Uber Cash and One credit ($320)
- Airline fee credit ($200)
- Saks Fifth Avenue credit ($100)
- Lululemon credit ($300)
- Resy credit ($400)
- Oura Ring credit ($200)
- Global Entry/TSA PreCheck credit ($120)
Which Is Right for You?
Get the Chase Sapphire Preferred if...
- Lower $95 annual fee
- Earns 5x on Lyft
- Earns 5x on Chase Travel purchases
- Chase Travel hotel credit ($100)
Get the Amex Platinum if...
- Premium benefits to offset the $895 fee
- Earns 5x on Prepaid hotels via Amex Travel
- Earns 5x on Flights booked direct or via Amex Travel
- Hotel credit ($600)
Frequently Asked Questions
Is the Chase Sapphire Preferred or Amex Platinum better?
The Chase Sapphire Preferred ($95) undercuts the Amex Platinum ($895) on annual fee. Pick the Chase Sapphire Preferred for everyday Lyft spending (5x); pick the Amex Platinum for everyday Prepaid hotels via Amex Travel spending (5x). Both earn transferable rewards, so many points collectors hold one from each ecosystem.
Which has the lower annual fee, the Chase Sapphire Preferred or Amex Platinum?
The Chase Sapphire Preferred has the lower annual fee at $95, versus $895 for the Amex Platinum.
Which card earns points faster?
The Chase Sapphire Preferred earns up to 5x on Lyft, while the Amex Platinum earns up to 5x on Prepaid hotels via Amex Travel.
Can I have both the Chase Sapphire Preferred and the Amex Platinum?
Yes. They're issued independently, so you can hold both and earn Ultimate Rewards and Membership Rewards side by side.
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The Business Platinum Card from American Express
Business · Annual fee $895
200,000 points
after $20,000 in 3 months
- Hotel credit ($600)
- Dell credit ($1150)
- Adobe credit ($250)
American Express Business Gold Card
Business · Annual fee $375
200,000 points
after $15,000 in 3 months
- ChatGPT Business Statement Credit ($300)
- FedEx, Grubhub and Office Supply Statement Credit ($240)
- Walmart+ Statement Credit ($155)
The Platinum Card from American Express
Personal · Annual fee $895
175,000 points
after $12,000 in 6 months
- Hotel credit ($600)
- Digital entertainment credit ($300)
- Uber Cash and One credit ($320)
American Express Gold Card
Personal · Annual fee $250
100,000 points
after $8,000 in 6 months
- Dining credit ($120)
- Resy credit ($100)
- Disney Streaming credit ($120)
Chase Sapphire Preferred
Personal · Annual fee $95
100,000 points
after $5,000 in 3 months
- Chase Travel hotel credit ($100)
- Global Entry/TSA PreCheck credit ($120)
- DoorDash DashPass ($120)
Chase Sapphire Reserve
Personal · Annual fee $795
100,000 points
after $6,000 in 3 months
- Travel credit ($300)
- The Edit hotel credit ($500)
- Dining credit ($300)
Credit card approval subject to eligibility. Terms and conditions apply. American Express cards shown are available to US residents only.