Chase Sapphire Preferred Vs. AMEX Gold and AMEX Gold Premier Rewards

The Chase Sapphire Preferred, American Express® Gold Card, and American Express® Premier Rewards Gold Card are three great cards aimed at people who frequently travel. If you spend a lot on airfare, hotel stays, or car rentals abroad, you should have at least one of these cards. However, since you have three options here, you may be a little confused as to which is a better choice. All three offer generous rewards and can give merchandise and cash for free.

Welcome Offer

Chase Sapphire Preferred gives newcomers hefty bonus points in exchange for reaching their required minimum spending requirement within the first three months. Meanwhile, AMEX Gold Premier Rewards card greets new cardholders with thousands of Membership Rewards points. The spending requirement is a little lower compared to Sapphire Preferred. Though the bonus points given by Sapphire easily trumps that of AMEX’s, you are still entitled to earning more additional points if you spend at least $30,000 on a yearly basis. The AMEX Gold Card, on the other hand, does not offer a sign up bonus.

Fees and Interest

All three cards are free for one whole year. After that, Chase will cost you $95 while the Gold Card is worth $125. The Gold Premier Rewards Card has the highest annual fee of $175. Nevertheless, the additional $80 is worth every penny if you are a frequent flyer. Chase Sapphire Preferred is a good card for frequent flyers as well because it does not charge foreign transaction fees.

Both the purchases and balance transfer APRs on the Chase card are high. Gold and American Express® Premier Rewards Gold Card do not allow balance transfers, but both do not incur interest. This is because they are charge cards, which mean that cardholders are required to pay their balances on time and in full every single month. If not, they will be subjected to very high penalty fees.

Rewards and Benefits

If you have the American Express® Gold Card, you can get one point for every dollar you spend on almost all categories. If you book your travel at the AMEX website, you get double points per dollar. You can use your points to redeem rewards from more than 500 brands. You can also transfer your points to several airline and hotel partners across the globe or you can opt to get free merchandise and gift cards.

The AMEX Gold Premier Rewards card lets you earn triple points for your air tickets. Buy gasoline and groceries at eligible companies to earn double points. All other purchases you make will let you earn one point per dollar. Like the AMEX Gold card, you can purchase pre-sale tickets, access exclusive Gold Events, and get roadside assistance 24/7. You can also pay your bills with your points and acquire insurance on travel, car rental accidents, and lost or stolen baggage.

Chase Sapphire Preferred® will not let you down as well. It has triple points for airfare and hotels. You also get double points when you charge credits against dining and local transportation. Unlike when booking with AMEX, there are no additional service fees. Thus, the three points you gain on air travel are really worth it.

If you want access to exclusive rewards and access to exceptional events, you may consider the AMEX Gold Premier Rewards Card. If you want the same benefits, but don’t want to pay for the high annual fee, choose AMEX Gold. For flexibility and great value, Chase Sapphire Preferred is a wonderful choice.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

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