Chase Sapphire Preferred vs AMEX Gold - Rewards Calculator

Rewards Comparison Calculator
Calculate how many points you can earn with the Chase Sapphire Preferred versus the AMEX Gold based on your spending. Find out which card earns you the most points and best return on your spend.
Last Updated 2022-01-06 By R.Flowers III

The American Express® Gold Card is one of the top credit cards on the market thanks to its high return per $1 spent on restaurant and U.S. supermarket purchases.

The Chase Sapphire Preferred® Card is one of the best overall rewards credit cards and offers a great return across several categories.

Both cards are considered to be the best options for each of their respective rewards programs.

Comparing Rewards

The Chase Sapphire Preferred earns Ultimate Rewards Points which is a flexible rewards currency that is best used towards travel.

The AMEX Gold Card earns Membership Rewards Points which is also a flexible rewards currency that is best used towards travel.

Ultimate Rewards Points

Ultimate Rewards Points earned with the Chase Sapphire Preferred will have the best value when redeemed towards travel.

The easiest redemption value you can obtain with very little effort is 1.25 cents per point which is what you'll get when you redeem them towards travel through Chase Ultimate Rewards.

Points can also be redeemed for 1 cent each towards a handful of redemptions including cash back, statement credits, and gift cards. This is where the bar is set for Ultimate Rewards Points and anything offering less than 1 cent per point is considered to be bad redemption value.

The table below lists out the average value you'll get when redeeming your points with the Chase Sapphire Preferred.

Chase Sapphire Preferred Points Value
Redemption Avg Point Value
Point Transfers To Partners 1.2 to 2+ Cents
Travel via Chase Ultimate Rewards 1.25 Cents
Pay Yourself Back 1.25 Cents
Cash Back, Statement Credits, Gift Cards 1 Cent
Amazon 0.8 Cents

The best use of Ultimate Rewards Points will come from transferring points to Chase's airline and hotel partners as well as redeeming points for travel through Chase Ultimate Rewards. Both of these options will easily give you the ability to redeem points for over the average value of 1 cent per point.

Ultimate Rewards Points can be transferred to 13 travel partners.

Chase Transfer Partners
Transfer Partner Ratio
Air Canada Aeroplan 1,000 Points = 1,000 Aeroplan Points
Air France-KLM Flying Blue 1,000 Points = 1,000 Flying Blue Miles
British Airways Executive Club 1,000 Points = 1,000 Avios
Emirates Skywards 1,000 Points = 1,000 Skywards Miles
Iberia Plus 1,000 Points = 1,000 Avios
JetBlue TrueBlue 1,000 Points = 1,000 TrueBlue Points
Singapore KrisFlyer 1,000 Points = 1,000 KrisFlyer Miles
Southwest Rapid Rewards 1,000 Points = 1,000 Rapid Rewards Points
United MileagePlus 1,000 Points = 1,000 United Miles
Virgin Atlantic Flying Club 1,000 Points = 1,000 Virgin Points
World of Hyatt 1,000 Points = 1,000 Hyatt Points
IHG Rewards Club 1,000 Points = 1,000 IHG Points
Marriott Bonvoy 1,000 Points = 1,000 Marriott Bonvoy Points

Airline miles with most programs are worth 1.2 to 1.5 cents on average with upper class flights being worth even more.

For hotel rewards points, Chase is a direct transfer partner of World of Hyatt in which Hyatt Points average 1.8 cents per point. This is easily one of the best use of Ultimate Rewards Points as it takes little effort to get exceptional value with Hyatt.

Marriott Bonvoy Points average around 0.7 cents per point, but they have many sweet spots in the program that can net you higher than 1 cent per point. This will typically be at Category 1 or Category 7-8 hotels and at popular properties usually found around beaches/warm weather or ski-resorts for cold weather.

Membership Rewards Points

The AMEX Gold Card earns Membership Rewards Points which can be redeemed towards a large list of redemption options giving you anywhere between 0.5 and 2+ cents in value.

When redeeming Membership Rewards Points, you can obtain the easiest value of 1 cent per point using them towards airfare on amextravel.com. Any redemption that gives you lower than 1 cent per point is considered to be bad redemption value.

The table below shows the average value you'll be able to get out of your points with the AMEX Gold Card.

AMEX Points Value
Redemption Average Value Per Point
Point Transfers To Partners 1.2 to 2+ Cents
Airfare via American Express Travel 1 Cent
Other AMEX Travel 0.7 Cents
Pay With Points At Checkout 0.7 Cents
Gift Cards 0.5 to 1 Cent
Statement Credit 0.6 Cents

The best use of Membership Rewards Points will come from transferring points to AMEX's travel partners and redeeming them for travel. This gives you the chance to redeem points for more than the average 1 cent per point in value.

Membership Rewards Points can be transferred to 20 partners.

AMEX Transfer Partners
Transfer Partner Ratio
Aer Lingus AerClub 1,000 Points = 1,000 Avios
Aeromexico Club Premier 1,000 Points = 1,600 Premier Points
Air Canada Aeroplan 1,000 Points = 1,000 Aeroplan Points
Air France-KLM Flying Blue 1,000 Points = 1,000 Flying Blue Miles
All Nippon Airways Mileage Club 1,000 Points = 1,000 ANA Mileage Club Miles
Avianca LifeMiles 1,000 Points = 1,000 LifeMiles
British Airways Avios 1,000 Points = 1,000 Avios
Cathay Pacific Asia Miles 1,000 Points = 1,000 Asia Miles
Delta Airlines SkyMiles 1,000 Points = 1,000 Delta SkyMiles
Emirates Skywards 1,000 Points = 1,000 Skywards Miles
Etihad Guest 1,000 Points = 1,000 Etihad Guest Miles
Hawaiian Airlines HawaiianMiles 1,000 Points = 1,000 HawaiianMiles
Iberia Plus 1,000 Points = 1,000 Avios
JetBlue TrueBlue 250 Points = 200 TrueBlue Points
Qantas Frequent Flyer 500 Points = 500 Qantas Points
Singapore KrisFlyer 1,000 Points = 1,000 KrisFlyer Miles
Virgin Atlantic Flying Club 1,000 Points = 1,000 Virgin Points
Choice Privileges 1,000 Points = 1,000 Choice Points
Hilton Honors 1,000 Points = 2,000 Hilton Honors Points
Marriott Bonvoy 1,000 Points = 1,000 Marriott Bonvoy Points

As with Ultimate Rewards Points, your chance to get the best value will come from transferring points to frequent flyer programs as you can easily get 1.2 to 1.5 cent in value on average with airline miles and even more for upper class redemptions.

There's also a chance to obtain some solid value out of transferring points to hotel partners — primarily Marriott as they have sweet spots that can offer more than 1 cent in value. It'll be a little more challenging to find more than 1 cent in value for Hilton and Choice, but it's possible.

Membership Rewards vs Ultimate Rewards

Which is the better points between AMEX Membership Rewards and Chase Ultimate Rewards? It depends on how you plan on using them and how many you'll be able to earn with the credit cards offered in each program.

Outside of that, it comes down to preference for most.

For example, I fly Delta and stay at Marriott brand hotels which means that the Membership Rewards program fits perfectly into how I travel. If you prefer to fly United and enjoy staying at Hyatt brand hotels, the Ultimate Rewards program may be the better options.

Many people even have cards from both programs. It really comes down to how you plan on using your credit cards and the rewards they offer.

If you're trying to decide between the two cards, the calculator below can help you find out which earns you the most value.

If you're trying to find out which program is best, I recommend using the Credit Card Comparison Tool and building a set of Membership Rewards credit cards and Ultimate Rewards credit cards and comparing the results side by side.

Comparing Earnings

Now that you know how the points can be used, lets dive into how many points you can earn with the Chase Sapphire Preferred and AMEX Gold Card.

Chase Sapphire Preferred vs AMEX Gold Card Categories
Chase Sapphire Preferred
  • 5 Ultimate Rewards Points per $1 spent on the Chase Travel Portal
  • 3 Ultimate Rewards Points per $1 spent on dining, online grocery, and streaming services
  • 2 Ultimate Rewards Points per $1 spent on travel
  • 1 Ultimate Rewards Point per $1 spent on everything else
AMEX Gold Card
  • 4 Membership Rewards Points per $1 spent at U.S. supermarkets (up to $25,000 per calendar year) and restaurants
  • 3 Membership Rewards Points per $1 spent on airfare booked direct or through American Express Travel
  • 1 Membership Rewards Point per $1 spent on everything else

Both cards offers great returns across each of the bonus categories they feature. The amount of value you can get from either card will strictly depend on how you plan on redeeming your points and how much you spend on the card.

With credit cards that feature flexible rewards, you cannot go off of earning rates alone.

For example, let say that you spend $400 per month on restaurant/dining purchases throughout the year. At 3X points per $1 with the Chase Sapphire Preferred, you would earn 14,400 Ultimate Rewards Points and at 4X points with the AMEX Gold Card you would earn 19,200 Membership Rewards Points.

Ultimate Rewards vs Membership Rewards
Redemption 14,400 Ultimate Rewards Points 19,200 Membership Rewards Points
Point Transfers To Partners $172 to $288+ $230 to $384+
Airfare via Each Card's Travel Portal $180 $192
Other Travel via Each Card's Travel Portal $180 $134
Cash Back, Statement Credit $144 $115
Amazon Purchases $115 $115

Just because you earned more points doesn't mean that it's the better option. It comes down to how you plan on using your points. So you'll want to take that into consideration when choosing a card.

Comparing Benefits

The AMEX Gold Card offers access to The Hotel Collection as well as $240 in annual credits. You'll also receive the standard suite of AMEX benefits which includes complimentary ShopRunner membership, AMEX offers, and more.

The Chase Sapphire Preferred offers an annual $50 hotel credit, a 10% cardmember anniversary bonus and a 25% boost to point value when redeemed for travel via Chase Ultimate Rewards.

Another plus to the Chase Sapphire Preferred is that you'll receive exceptional travel insurance. This is a standard with Chase's credit cards and plays a big factor for those who travel often.

Sometimes perks like trip interruption insurance, trip cancellation insurance, trip delay insurance, and other similar protections can save you more money than the rewards you earn in the case that a trip doesn't go as planned.

Chase Sapphire Preferred vs AMEX Gold Card Benefits
Chase Sapphire Preferred
  • 25% Point Value Boost: You'll receive a 25% point boost when you redeem points on the Chase Ultimate Rewards Portal
  • Annual $50 Hotel Credit: You'll receive a $50 credit every cardmember anniversary that can be used towards hotel stays booked through the Chase Ultimate Rewards Travel portal
  • 10% Cardmember Anniversary Bonus: Every cardmember anniversary you'll receive 10% bonus points based on how much you spent on the card the prior cardmember year
  • Fantastic Travel Insurance: Trip Cancellation, Trip Interruption, Baggage Delay, Trip Delay, and more
AMEX Gold Card
  • $120 Dining Credit: Receive up to $120 in dining credits annual with the American Express Gold Card. Earn up to $10 in statement credits monthly when you use the card to pay at select retailers. (Enrollment Required)
  • $120 Uber Cash: Receive up to $120 in Uber Cash annually with the American Express Gold Card. You'll automatically get $10 in Uber Cash each month that you can use towards with Uber rides or Uber Eats orders in the U.S. (Enrollment Required)
  • The Hotel Collection: As an American Express Gold Card member, you will be able to book hotels through The Hotel Collection with American Express Travel. When booking at least a two-consecutive night stay, you'll receive a $100 hotel credit, to spend on qualifying dining, spa and resort activities (qualifying activities vary by property) and a room upgrade upon arrival, when available

Comparing Transfer Partners

Membership Rewards Points and Ultimate Rewards Points are transferable to frequent flyer programs and hotel loyalty programs.

If you plan on transferring rewards points to other loyalty programs, you'll want to take note of which programs allow you to transfer points where.

This especially holds true if you have preferred hotel or airlines that you typically do business with. The transfer partners of both programs are listed side-by-side below.

Rewards Calculator

Calculate how many points you can earn with the Chase Sapphire Preferred and AMEX Gold Card side by side based on your spend. You'll also be able to calculate the average cash value of the points earned, the transfer of points to partners, and the cash value of each card.

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