AMEX GOLD vs. CHASE SAPPHIRE PREFERRED 2020
Mark Reese // Credit & Finance
•January 16th, 2021
DESCRIPTION
Both the Amex Gold Card and Chase Sapphire Preferred card are among the best credit cards for travel without paying those top-tier annual fees. Discover which one is the best fit for you! Click "Show More" to see Ad Disclosure.
Both of these travel credit cards (and metal credit cards by the way) are quite different despite their common ground. This video will be a Chase Sapphire Preferred Review AND an Amex Gold Card Review all in one video, PLUS a full comparison! In the end, it’ll help you decide which credit card is best for you!
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CARD 1: AMERICAN EXPRESS GOLD CARD
Signup Bonus
Earn 60K Membership Rewards points after spending $4K in the first 6 mo.
Value = $360 - $1,200 on average
Annual Fee = $250
Earn Membership Rewards Points
- 4X U.S. Supermarkets: Up to $25K spend / yr.
- 4X Restaurants
- 3X Flights
- 1X Everything Else
Redeem Membership Rewards Points
- Travel (Amex Transfer Partners): 2.0¢ value (avg.)
- Travel (Amex Travel Portal): 0.7¢ value for hotels car rentals, cruises & vacations | 1.0¢ value for flights
- Cash Back (via Statement Credit): 0.6¢ value
Amex Transfer Partners
Aer Lingus Aer Club
Aeromexico
Air Canada
Air France KLM Flying Blue
Alitalia Millemiglia
ANA Mileage Club
Asia Miles
Avianca Lifemiles
British Airways Exec. Club
Delta SkyMiles
El Al Israel Airlines
Emirates Skywards
Etihad Guest
Hawaiian Airlines
Iberia Plus
JetBlue TrueBlue
Quantas Frequent Flier
Singapore Airlines KrisFlyer
Virgin Atlantic Flying Club
Choice Privileges
Hilton Honors
Marriott Bonvoy
Amex Gold Card Benefits
- Dining Credit ($120/yr.): $10/mo. | Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, Shake Shack
- Airline Fee Credit ($100/yr.): 1 airline | Incidentals| Ending 12/31/2021
- Uber Cash Benefit ($120/yr.): $10/mo. | Starting early 2021
- The Hotel Collection: $100 property credit | Room upgrade | 2+ consecutive nights
- No Foreign Transaction Fees
CARD 2: CHASE SAPPHIRE PREFERRED
Signup Bonus
Earn 60K Ultimate Rewards points after spending $4K in 3 mo.
Value = $600 - $1,200 on average
Annual Fee = $95
- 2X Travel
- 2X Dining
- 2X Grocery Stores: Up to $1K/mo. | Valid thru 4/30/2021
- 1X Everything Else
Redeem Ultimate Rewards Points
- Travel (Chase Transfer Partners): 2.0¢ value on average
- Travel (Chase Travel Portal): 1.25¢ value
- Pay Yourself Back: 1.25¢ value
- Cash Back (via Statement Credit or Deposit): 1.0¢ value
Chase Transfer Partners
Aer Lingus, AerClub
Air Canada Aeroplan (coming late 2021)
Air France KLM Flying Blue
British Airways Executive Club
Emirates Skywards
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club
IHG Rewards Club
Marriott Bonvoy
World of Hyatt
Chase Sapphire Preferred Benefits
- Points Boost: Worth 25% more toward Travel (portal) + Pay Yourself Back
- DashPass: 1 year (enroll by 12/31/2021, unless changed)
- Lyft: Earn 5X points thru March 2022 (unless changed)
- Peloton: $60 back on Peloton Digital or All-Access Membership, thru 12/31/2021
- Visa Signature Luxury Hotel Collection: Room upgrade, Free WiFi, Free breakfast for 2, $25 Food & Beverage Credit, Late Check-Out
- No Foreign Transaction Fees (FTFs)
WHICH CREDIT CARD IS BEST?
AMEX GOLD CARD is best to…
- Earn points on food & flights
- Redeem points for international flights using transfer partners
GET IT IF YOU…
- Spend on Flights + Food
- Value travel rewards
- Are an international traveler
- Use Uber & Grubhub, etc.
CHASE SAPPHIRE PREFERRED CARD is best to:
- Earn points on ALL travel
- Redeem for any type of travel or use the Chase Pay Yourself Back feature
GET IT IF YOU…
- Spend broadly on Travel
- Value travel + cash back rewards
- Are a domestic / local international traveler
- Use DoorDash + Lyft + Peloton
- Fly Southwest + Stay at Hyatt
GET BOTH CREDIT CARDS IF YOU…
- Spend on travel + food
- Redeem for travel
- Value common transfer partners
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #travelcreditcard #americanexpress
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