Chase Sapphire Reserve vs Amex Platinum (Everything You Need To Know)

Рет қаралды 14,120

Күн бұрын

This video is an in-depth comparison of two of the most prestigious credit cards on the market: the Chase Sapphire Reserve and the Amex Platinum.
Let's start by examining the Chase Sapphire Reserve benefits and credits. This card is renowned for its exceptional travel benefits, including generous rewards on travel and dining purchases, as well as access to over 1,000 airport lounges worldwide through the Priority Pass Select program. The Chase Sapphire Reserve also offers valuable travel credits, such as an annual $300 travel credit and reimbursement for Global Entry or TSA PreCheck fees. Plus, with perks like trip cancellation/interruption insurance and primary rental car insurance, you can travel with peace of mind knowing you're protected.
On the other hand, the Amex Platinum card, with its array of benefits and credits, is a powerhouse in its own right. With its premium perks and luxury benefits, it's a favorite among frequent travelers and high spenders. Cardholders enjoy access to exclusive Amex Centurion Lounges, as well as complimentary benefits like Fine Hotels & Resorts bookings, concierge services, and statement credits for travel expenses. Additionally, the Amex Platinum offers robust travel insurance coverage, including trip delay and baggage insurance, as well as purchase protections like extended warranty and return protection.
When comparing the Amex Platinum vs. Chase Sapphire Reserve, it's essential to consider your travel preferences and spending habits. While both cards offer excellent benefits, they cater to different lifestyles.
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💳 Chase Sapphire Reserve:
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CHAPTERS:
0:00 Introduction
0:42 Annual Fees of Amex Platinum Card & Chase Sapphire Reserve
1:14 Amex Platinum Card Reward Multipliers
1:32 Chase Sapphire Reserve Card Reward Multipliers
3:12 Amex Platinum Card Credits
11:25 Chase Sapphire Reserve Credits
13:00 Amex Platinum Card Benefits
22:39 Chase Sapphire Reserve Benefits
27:46 Insurances & Protections of Amex Platinum Card & Chase Sapphire Reserve
28:50 Which Card is Right for You?
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Chase Yokoyama is not a financial advisor and this is not financial advice. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
#amexplatinum #Chasesapphirereserve #chasesapphirereservevsamexplatinum

Пікірлер: 88

@ChaseYokoyama 2 ай бұрын

The Priority Pass Restaurant benefit on the Chase Sapphire Reserve will be REMOVED on July 1st, 2024.

@_zach Ай бұрын

So a lot of people are looking at this as a bad thing, and that's understandable, although, it's been known for years that the priority pass benefit is pretty inconsistent depending on where you are. I wonder if this is a strategic move on Chase's part and that there may be a better alternative on the way? That's my theory at least.

@GMONEY159753 2 ай бұрын

I really enjoyed this video, thanks Chase! Subscribed!

@ChaseYokoyama 2 ай бұрын

Awesome, thank you so much! I'm glad you liked it 🤙🏽 welcome to the channel

@clausellray3949 2 ай бұрын

Than you for the Great video great detail on both cards keep that content coming

@ChaseYokoyama 2 ай бұрын

More to come! Thank you for watching!

@funny2thag 2 ай бұрын

Great video as always. I think there’s a compelling reason to hold both for frequent travelers like myself. Both Cards offer credits that I already use plus the broad category of 3x on travel with CSR is very useful plus 3x on dining. The combined transfer partners of both banks is awesome. I already have the Platinum but I’ll either and the CSR or Ink Preferred this year.

@ChaseYokoyama 2 ай бұрын

for sure. I know people with both cards and do fine. I like the reward multipliers of the CSR better. It's always a good idea to be a customer of those two issuers.

@whereistheaccountability7353 2 күн бұрын

Great video. Much appreciated

@rox24561 2 ай бұрын

Great breakdown, Chase!

@ChaseYokoyama 2 ай бұрын

Glad you liked it!

@fLiPnoTTiC 2 ай бұрын

Earned a sub with this

@ChaseYokoyama 2 ай бұрын

thank you for that very much 🙏🏽 welcome!

@globalwillh 2 ай бұрын

Thanks for the detailed video! I have both and have done a horrible job using the benefits. Recently, I have been contemplating ditching my Amex Platinum since I moved abroad, but the international airlines program has me reconsidering...decent discounts for business class. Subscribed.

@ChaseYokoyama 2 ай бұрын

Ya. take a look if that IAP will do you any good 🤷🏽‍♂️ could be the difference maker. But take a look at both cards and see what you can do to get more value from them. Thank you for watching and subscribing!

@LoneWolfe863 22 күн бұрын

Great Video Chase. I appreciate your knowledge and research on both cards. A+…

@ChaseYokoyama 22 күн бұрын

My pleasure! Thank you so much LoneWolfe 🤙🏽

@LoneWolfe863 22 күн бұрын

@@ChaseYokoyama I’m staying with the Platinum Card. A little more expensive, but many more benefits..

@drespinoza190 2 ай бұрын

Great video chase! I always wanna the Amex platinum card just to have it but after seeing your video, I already use some of those credits! So realistically I’m only paying $155 a year just to keep it open!

@ChaseYokoyama 2 ай бұрын

Thank you so much! I'm glad that I could help. Ideally let's get that number to $0!

@drespinoza190 2 ай бұрын

@@ChaseYokoyama hopefully, but the way I see it, I doubt that will be possible since that’s only the credits I use but if I use the airline and hotel credit then I’m positive!

@divyv20 2 ай бұрын

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@Ljberkow 2 ай бұрын

This is the best critical look I have seen on KZfaq of the cards. I have the Disney bundle so did view it as a $240 value for AMEX. The airline credit is easy to use for me. The other credits had some but little value. To me, this card was about lounge access, gold with Hilton and then making up $245 net fee somewhere. If you are an “aspirational traveler” like many of the typical KZfaq credit guys, great, but with bad points multipliers, this is a card that too many people have for status. If you want Hilton Gold, get an AMEX Hilton Surpass card. It comes with gold status, easy statement credits to make it no cost or negative cost annual fee, and a free night after a $15K spend. I am looking at the Chase Sapphire Reserve. I like the multipliers and the $300 travel credit, making the $550 fee the same $250 net fee, but the multipliers are actually real. Did you mention the priority pass on Chase will no longer be giving the restaurant benefit?

@ChaseYokoyama 2 ай бұрын

I appreciate your comment 🙏🏽 I also agree that you can get status for certain things with other cards as well if you really wanted to. Unfortunately I only mentioned the Priority pass restaurant benefit being removed via text on screen. I will make a pinned comment right now to add more clarity.

@stelladee9973 2 ай бұрын

Great video! sad to see the restaurants benefit go on the chase sapphire reserve starting in July 😞

@ChaseYokoyama 2 ай бұрын

I KNOW RIGHT! I was so upset hearing that news RIP ☠️

@WhatsThePoints1 2 ай бұрын

Been using resy for the monthly credits on delta bus platinum; I’m assuming that’s the same level of resy as tied to the vanilla plat right?

@ChaseYokoyama 2 ай бұрын

Yes it is the same Resy access

@Re3iRtH 2 ай бұрын

Netflix and KZfaq credits or bust! That would be ideal but I dont see any CC offering this. Even though those two are BY FAR the most useful

@ChaseYokoyama 2 ай бұрын

1000% netflix, Spotify, Apple Music, KZfaq, Hulu, Crunchyroll, and so on would be dream credits

@theVhin Ай бұрын

Amex got Hulu, and you can use the HULU+Max bundle to get credit.

@ryanc5517 9 күн бұрын

Can you add an Authorized User on the CSR card and can that AU gain access to the Chase airport lounge using their card?

@ChaseYokoyama 8 күн бұрын

Yes you can add an authorized user for $75 and they can access to the Chase Sapphire Lounges

@Adiscretefirm 2 ай бұрын

Just read a news article that mentioned Peloton and Saks as businesses showing signs of a financial crunch. Imagine if your coupons stopped working

@ChaseYokoyama 2 ай бұрын

hahahah well that won't be good. But hopefully Amex does to prevent that from happening.

@Argelius1 Ай бұрын

It’s remarkable how so many have fallen for these “elite” credit cards. The benefits are hit or miss whether you’ll even use them.

@ChaseYokoyama Ай бұрын

I agree. They are not for everyone. I don't want to shill anyone into getting a card that isn't for them either.

@gailgohrick5836 Ай бұрын

What about minimum spending comparisons? Anyone know that off hand?

@ChaseYokoyama Ай бұрын

right now the CSR has a SUB of 75,000 points after you spend $4,000 on purchases in the first 3 months while the Amex Platinum has a SUB of 125,000 points after you spend $8,000 on purchases on your new card in your first 6 months

@JV_ApexPerpetual 2 ай бұрын

CSR all the wayyyy. UR points are worth so much more. If you want to keep MR points after receiving a SUB. Downgrade your card to a no AF Blue Cash Everyday card. This is the best and can still earn MR points and stay in the ecosystem. Good video 👍

@trevorfurtis4812 2 ай бұрын

The BCE isn’t a downgrade option for Platinum card holders. All downgrade options for the Platinum have an annual fee.

@JV_ApexPerpetual 2 ай бұрын

@@trevorfurtis4812 sorry, I meant to get the BCE and then either close the card*

@JV_ApexPerpetual 2 ай бұрын

@@trevorfurtis4812 Another good choice after closing a AF card from Amex is the no AF Blue Business Plus, earns MRs at 2 MRs/dollar on uncategorized spend, up to 50K annual spending. Best to redeem MR points for Travel

@ChaseYokoyama 2 ай бұрын

UR points are more flexible. Like others already said unfortunately you can't downgrade to a no annual fee card from an annual fee amex card. But yes you can get an Amex EveryDay or BBP to keep those points!

@JV_ApexPerpetual 2 ай бұрын

@@ChaseYokoyama I mean I still love Amex, but I just find more value with Chase’s ecosystem. If I could justify the platinum again after the SUB, maybe I’ll pick it up again one day. Until then CSR so easy

@Flyin5013 2 ай бұрын

Are chase sapphire lounges typically packed ?

@ChaseYokoyama 2 ай бұрын

Personally I have not experienced it but I have heard that the Sapphire Lounges tend to be bigger, emptier and nicer. To be fair, Amex Centurion lounges have been out longer so Sapphire lounges aren't as popular quite yet and are newer. So if anything now would be the time to enjoy the Sapphire Lounges as they are on the up and coming 👌🏽

@Flyin5013 2 ай бұрын

@@ChaseYokoyama can’t wait. Philly is my home airport

@rmknicks 2 ай бұрын

I was at the JFK Sapphire last month and it wasn't crowded

@Creditcardnerd 2 ай бұрын

Didnt csr going to remove the ppr?

@ChaseYokoyama 2 ай бұрын

Yes 😢 unfortunately they are removing it on July 1, 2024

@Creditcardnerd 2 ай бұрын

@@ChaseYokoyama thats why i got the amex plat :(

@aryehwalter4536 2 ай бұрын

If the majority of my budget goes to groceries and eating out, what’s the best CC for me? I’m a beginner, but have good credit score

@Aguynearu 2 ай бұрын

amex Gold

@ChaseYokoyama 2 ай бұрын

Good question. I actually have a video coming out this week (hopefully Thursday) that will be the perfect answer to that question. However a few good options that you can look into are the Amex Gold, Capital One Savor One, and Citi Custom Cash

@aryehwalter4536 2 ай бұрын

@@Aguynearu not chase sapphire??

@aryehwalter4536 2 ай бұрын

@@ChaseYokoyama I will definitely watch!! I’m surprised one of the chase sapphires or something isn’t on here! I will mention I prefer cash back to points. I don’t travel allll that much

@Aguynearu 2 ай бұрын

@@aryehwalter4536 chase sapphire doesn’t have a grocery category

@chrisa9629 2 ай бұрын

You never mentioned the credit from AMEX with $100 to $300 for cruises from a variety of choices

@ChaseYokoyama 2 ай бұрын

you are right. thats a good catch. I also should have talked about the authorized users as well

@chrisa9629 2 ай бұрын

@@ChaseYokoyama I question for you if that is alright. It is just a thought here as I do not have the AMEX Platinum nor have I read up on this aspect of the card, but I was curious if you apply for the AMEX from there website as opposed to any other version of the card like the Charles Schwab version or what have you do you get double credit values on the free authorized user card for you and your free second card you share the same account with? For example there is one annual fee total for two users that are married and live together while not paying for any secondary additional members to be able to use the same account balance while both card users get $50 SAKS credit so there is a total of $200 SAKS credit between both users and the same goes for all the other credits that the card can offer like both users can get into the centurion lounge and so on and so forth? What are your thoughts on that may I ask?

@SabriaThomas-Vales Ай бұрын

Booking through the Chase portal is more expensive so no saving there

@ChaseYokoyama Ай бұрын

Ya I’ve seen it be a hit or miss

@shawn.credit 2 ай бұрын

I'll take my AMEX PLATINUM any day and enjoy status and luxury travel that is unmatched! ✊

@ChaseYokoyama 2 ай бұрын

The Amex Plat is top tier ✨ especially for those things

@himelu 10 күн бұрын

I just wish it was more accepted in Europe.

@atsawinthongsumak57 2 ай бұрын

As I rarely use Uber (1-2 times a year) and use only sling as streaming services, fly twice a year but I want aspiration flying. Chase fits with my wallet.

@ChaseYokoyama 2 ай бұрын

smart thinking. that makes more sense with your lifestyle 🤝🏽

@atsawinthongsumak57 19 күн бұрын

@@ChaseYokoyama Thank you ;) I will upgrade from Marriott Bonvoy Boundless to Ritz Carlton later if I can, then might downgrade to Sapphire Preferred to trim down the cost.

@ChaseYokoyama 18 күн бұрын

@@atsawinthongsumak57 good luck!

@chrisa9629 2 ай бұрын

Chase will no longer be giving $28 for the card user and one guest after this year sadly 😓😭when you go to an airport lounge restaurant. Heads up

@JV_ApexPerpetual 2 ай бұрын

Yeah it sucks :( but oh well. You’ll get points 3X on dining. Hopefully they boost the points now that they took PPR away.

@ChaseYokoyama 2 ай бұрын

Yes very true. Starting July 1, 2024 that credit will no longer work 😫

@ChaseYokoyama 2 ай бұрын

wishful thinking but yes at least we get 3x on dining.

@oSnapMillerTime 2 ай бұрын

You pretty much cant use AMEX in Asia so AMEX is DOA for me.

@ChaseYokoyama 2 ай бұрын

I've only been to Japan recently and it's not too bad over there. But I have heard of other parts of Asia not accepting it as much as other card networks.

@himelu 10 күн бұрын

Same thing in Europe, most places don't accept amex

@josebenavidez6173 2 ай бұрын

Chase restaurant not available no more

@ChaseYokoyama 2 ай бұрын

Yuh starting July 1, 2024

@sonnytham 2 ай бұрын

Amex is really bad in every way compared to Chase card

@ChaseYokoyama 2 ай бұрын

i think it depends on the user

@edwardball4358 Ай бұрын

In the future please STOP using that incredibly annoying background music. I bailed after 60% because I can hear this or read it elsewhere without the fake guitar string repetition torture.

@ChaseYokoyama 22 күн бұрын

thank you for the feedback. I will actually just remove the music from videos going forward