Chase Sapphire Preferred vs Amex Platinum
Ultimate Rewards vs Membership Rewards
Verified October 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 flights purchased directly from airlines or via Amex Travel spending (5x).
At a Glance
Chase Sapphire Preferred
- Annual Fee
- $95
- Signup Bonus
- 75,000 points
- Network
- Visa
- Points Currency
- Ultimate Rewards
- Earning Rates
-
Lyft 5xDining 3xAll Other Purchases 1xTravel Booked Through Chase Travel 5x
The Platinum Card from American Express
- Annual Fee
- $895
- Signup Bonus
- 175,000 points
- Network
- American Express
- Points Currency
- Membership Rewards
- Earning Rates
-
All Other Purchases 1xFlights Purchased Directly From Airlines 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: 75,000 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 flights purchased directly from airlines or via Amex Travel
Perks & Credits
TieChase Sapphire Preferred: 3 listed benefits vs Amex Platinum: 3 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
- Hotel credit ($50)
- DoorDash DashPass
- Peloton credit ($60)
The Platinum
- Airline incidentals credit ($200)
- Uber credit ($200)
- Lounge access
Which Is Right for You?
Get the Chase Sapphire Preferred if...
- Lower $95 annual fee
- Earns 5x on Lyft
- Earns 5x on travel booked through Chase Travel
- Hotel credit ($50)
Get the Amex Platinum if...
- Premium benefits to offset the $895 fee
- Earns 5x on flights purchased directly from airlines or via Amex Travel
- Airline incidentals credit ($200)
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 flights purchased directly from airlines or 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 flights purchased directly from airlines or 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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Earn bonus points with these credit card offers
Can't find availability at your current points balance? These credit cards earn points you can put towards your next flight.
The Platinum Card from American Express
Personal · Annual fee $895
175,000 points
after $12,000 in 6 months
- Airline incidentals credit ($200)
- Uber credit ($200)
- Lounge access
American Express Gold Card
Personal · Annual fee $325
100,000 points
after $8,000 in 6 months
- Dining credit ($120)
- Resy credit ($100)
- Dunkin credit ($84)
Chase Sapphire Reserve
Personal · Annual fee $795
100,000 points
after $6,000 in 3 months
- Annual Travel Credit ($300)
- Global Entry/TSA PreCheck Credit ($120)
- The Edit Hotel Credit ($500)
Chase Ink Business Preferred®
Business · Annual fee $95
100,000 Ultimate Rewards points
after $8,000 in purchases in the first 3 months
- 3x points on travel & shipping
- 3x points on advertising
- 3x points on internet/cable/phone
Chase Sapphire Preferred
Personal · Annual fee $95
75,000 points
after $5,000 in 3 months
- Hotel credit ($50)
- DoorDash DashPass
- Peloton credit ($60)
Capital One Venture Rewards
Personal · Annual fee $95
75,000 points
after $4,000 in 3 months
- Capital One Travel credit ($300)
Credit card approval subject to eligibility. Terms and conditions apply. American Express cards shown are available to US residents only.