American Express
The Platinum Card from American Express
Credit cards
$695/yrAnnual fee
Explore this product Your shortlist, side by side
The Platinum Card from American Express vs Chase Sapphire Preferred Card
Find the differences that matter for your next decision.
Chase
Chase Sapphire Preferred Card
Credit cards
$95/yrAnnual fee
Explore this product What matters most to you?
Start with all rankable specifications, or focus on a particular use.
Your starting point
Buy the The Platinum Card from American Express.
- Leads 2 of 3 rankable overall specs; Chase Sapphire Preferred Card takes 1.
- Regular APR: Pay Over Time APR: 21.24% – 29.24% Variable vs 21.49% – 28.49% Variable APR
How we reached this
We compare the published specifications relevant to your priority. Each rankable specification counts once; your selected requirements can rule a product out. This is a guide to the numbers, not a laboratory performance score.
Lounge access: Yes vs No
Chase Sapphire Preferred Card charges $600 less a year. Pay the higher fee only if regular apr matters to you.
The trade-off to know
The Platinum Card from American Express: Steep $695 annual fee
Look at the differences ↓Refine your requirements
What would rule one out?
Side by side
The differences, in detail.
Start with the key specs, then explore as much as you need.
| What you’re comparing | The Platinum Card from American Express | Chase Sapphire Preferred Card |
|---|---|---|
| Annual feeFees & Rates | $695 | $95 |
| Regular APRFees & Rates | Pay Over Time APR: 21.24% – 29.24% Variable | 21.49% – 28.49% Variable APR |
| Rewards rateRewards & Perks | 5X flights booked directly with airlines or via AmexTravel (up to $500k/yr), 5X prepaid hotels, 1X other | 5X travel via Chase, 3X dining/online grocery/select streaming, 2X other travel, 1X other |
| Sign-up bonusRewards & Perks | 80,000 Membership Rewards points after $8,000 spend in first 6 months | 60,000 Ultimate Rewards points after $4,000 spend in first 3 months ($750 travel value) |
| Intro APR offerRewards & Perks | None (Pay Over Time feature optional) | None (Variable APR applies from account opening) |
Showing 5 of 10 specifications. Missing values stay unlisted. About the sources
Both sides of the decision
What you gain. What you give up.
The Platinum Card from American Express
Reasons to choose it
- Unrivaled Global Lounge Collection (Centurion Lounges, Delta Sky Clubs, Priority Pass)
- 5X Membership Rewards points on flights booked directly with airlines or Amex Travel
- Over $1,500 in annual statement credits (Hotel, Airline fee, Digital entertainment, Uber Cash, Saks)
Worth considering
- Steep $695 annual fee
- Only 1X points on everyday non-travel purchases
Chase Sapphire Preferred Card
Reasons to choose it
- Points are worth 25% more when redeemed for travel through Chase Travel
- 1:1 point transfers to Hyatt, United, Southwest, and British Airways
- Primary rental car collision damage waiver insurance
Worth considering
- No airport lounge access
- $95 annual fee is not waived the first year
Beyond the spec sheet
Living with your choice.
Explore the ownership details available for this pair.
What three years could cost
The Platinum Card from American Express
3-Year Estimated Total$2,085
Chase Sapphire Preferred Card
3-Year Estimated Total$285
Everyday ownership notes
Documented ergonomic quirks, hardware annoyances, and maintenance realities reported by real owners.
American Express: What to watch for
- Hidden Cost
"Coupon book" fatigue: credits require active monthly tracking.
Chase: What to watch for
Know what’s behind the comparison
Published specs. Visible sources.
Clinchmark compares manufacturer specifications and other published information. We have not independently lab-tested these products. Editorial assessments and unknown values are identified in the specification details.
Catalog snapshot: September 1, 2026. Prices, availability, and provider terms can change.
Still weighing it up?
Which card has the lower annual fee, The Platinum Card from American Express or Chase Sapphire Preferred Card?
Chase Sapphire Preferred Card charges $600 a year less.
What is the biggest catch with the The Platinum Card from American Express or Chase Sapphire Preferred Card?
Both has this deal-breaker: annual fee. You pay before a single reward is earned.
Which is better for travel, the The Platinum Card from American Express or the Chase Sapphire Preferred Card?
Tied on travel. Chase Sapphire Preferred Card charges less a year. The 2 rankable travel specs split 1 to 1. Saves $600 a year in fees.
What cannot be compared from spec sheets?
Of the 10 specs tracked here, 7 are descriptive and cannot be ranked on numbers alone. Spec sheets also cannot measure subjective factors like build quality, real-world performance, or comfort.
A few other possibilities.
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