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Chase Sapphire Preferred® Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Chase Sapphire Preferred® Card and The Business Platinum Card® from American Express. Both cards offer unique benefits tailored to different spending habits and financial goals.
Card Overviews
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is designed for travel enthusiasts and everyday spenders who want to maximize their rewards. With its generous rewards structure and travel benefits, this card caters to consumers looking for value in travel redemptions and flexible points usage.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is tailored for business owners and frequent travelers who require premium travel benefits and services. This card offers extensive rewards on business-related expenditures and access to exclusive airport lounges, making it suitable for professionals seeking to enhance their travel experience.
Detailed Feature Comparison
| Feature | Chase Sapphire Preferred® Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $95 | $695 |
| Welcome Bonus | 100,000 bonus points after $5,000 in the first 3 months | 150,000 Membership Rewards® points after $20,000 in the first 3 months |
| Rewards Structure | 5x on travel through Chase Travel, 2x on travel, 3x on dining, 1x on other purchases | 5x on flights and prepaid hotels booked at AmexTravel.com, 1.5x on eligible purchases, 1x on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None | $200 Airline Fee Credit and other select statement credits |
| Additional Benefits | Trip insurance, lost luggage insurance, DashPass access | Global Lounge Collection, tech and wireless credits, CLEAR® Plus credit |
Rewards Highlights
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Earn 1X points on other eligible purchases.
Pros and Cons
Chase Sapphire Preferred® Card
- Pros:
- Lower annual fee compared to premium cards.
- Flexible travel redemption options with higher point value through Chase Travel.
- Comprehensive travel insurance benefits.
- Cons:
- Lower welcome bonus compared to some business cards.
- Limited lounge access compared to premium business cards.
The Business Platinum Card® from American Express
- Pros:
- High welcome bonus and statement credits for various business expenses.
- Extensive airport lounge access with the Global Lounge Collection.
- Multiple ways to earn points on business-related purchases.
- Cons:
- High annual fee that may not be justified for occasional travelers.
- Complex rewards structure may be overwhelming for some users.
Who Should Consider Which Card?
The Chase Sapphire Preferred® Card is ideal for individuals who travel occasionally and want a straightforward rewards program without a hefty annual fee. It’s perfect for diners, travelers, and those seeking flexible redemption options.
The Business Platinum Card® from American Express is best suited for business owners and frequent travelers who can take advantage of the premium benefits and are willing to pay a higher annual fee for enhanced rewards and services.
Conclusion
In conclusion, both cards offer unique features tailored to different types of users. Consider your individual needs, spending patterns, and travel habits to determine which card aligns best with your financial goals.