AMEX Gold vs Chase Sapphire Reserve - Calculator & Benefits

Rewards Comparison Calculator
Review the benefits, calculate points based on spend, and compare the cash value of the AMEX Gold vs the Chase Sapphire Reserve side by side.
Last Updated 2022-01-11 By R.Flowers III

The American Express® Gold Card is one of the best credit cards when it comes to earning rewards on dining and U.S. supermarket purchases while the Chase Sapphire Reserve Card® is one of the best when it comes to dining and travel purchases.

Comparing Rewards

The American Express Gold Card earns Membership Rewards Points which is flexible rewards currency that is best used towards travel.

The Chase Sapphire Reserve earns Ultimate Rewards Points which is also flexible currency that is best used towards travel, but also offers solid value when redeemed for cash back.

Membership Rewards Points

Membership Rewards Points earned with the AMEX Gold Card will have the easiest redemption value of 1 cent per point when used towards airfare purchased through American Express Travel.

Any redemptions that give you less than 1 cent per point in value 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 value of Membership Rewards Points will come from transferring them to AMEX's travel partners and redeeming them for airfare and hotel stays. This gives you the chance to easily obtain over 1 cent per point.

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

You can transfer Membership Rewards Points to frequent flyer programs to get an average of 1.2 to 1.5 cents per point with ease. Transferring points and redeeming them for upper class redemptions such as First or Business Class can give you even higher values of up to 2 cents or more.

Hotel rewards points are worth a lot lower on average and will typically take some research in order to squeeze more than 1 cent in value out of your points. For Membership Rewards, your best option will be Marriott as they have many sweet spots that can get you anywhere between 1 and 1.5 cents in value.

Ultimate Rewards Points

Ultimate Rewards Points earned with the Chase Sapphire Reserve will have the best value when redeemed towards travel. You can obtain the easiest value of 1.5 cents per point when you use your points towards travel through Chase Ultimate Rewards.

Other redemptions such as cash back, statement credits, and gift cards also offer a solid redemption value of 1 cent per point. Any redemptions that give your points less than 1 cent in value 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 Reserve.

Chase Sapphire Reserve Points Value
Redemption Avg Point Value
Point Transfers To Partners 1.2 to 2+ Cents
Travel via Chase Ultimate Rewards 1.5 Cents
Pay Yourself Back 1.5 Cents
Cash Back, Statement Credits, Gift Cards 1 Cent
Amazon 0.8 Cents

If you're looking to maximize your value, you'll want to consider transferring your points to Chase's travel partners and redeeming them towards airfare and hotel stays. This gives you the chance to get more than 1.5 cents in value out of your points.

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 have an average value of 1.2 to 1.5 cents each with most major airlines, so transferring your Ultimate Rewards Points to frequent flyer programs can net you some solid value. It's possible to get even higher value of up to 2 cents or more with some First and Business class redemptions.

Hotel rewards points are generally worth around 0.6 to 0.7 cents per point with most hotels offering sweet spots that can get you 1 cent or more in value. The exception to this is the World of Hyatt program.

The Point Calculator values Hyatt Points at a very generous 1.8 cents per point, but it's very easy to get over 2 cent in value from these points. With Chase Ultimate Rewards being a 1:1 transfer of Hyatt, this is the easiest transfer partner for obtaining high point value.

Comparing Earning Rates

The AMEX Gold Card offers bonus points on everyday categories with a pinch of travel while the Chase Sapphire Reserve focuses strictly on travel and dining.

Bonus Categories: Chase Sapphire Reserve vs AMEX Gold
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
Chase Sapphire Reserve
  • 10 Ultimate Rewards Points per $1 spent on the Chase Dining
  • 10 Ultimate Rewards Points per $1 spent on hotel and car rental purchases made through Chase Ultimate Rewards
  • 5 Ultimate Rewards Points per $1 spent on airfare purchases made through Chase Ultimate Rewards
  • 3 Ultimate Rewards Points per $1 spent on other travel and dining
  • 1 Ultimate Rewards Point per $1 spent on everything else

If you're looking to earn rewards on your travel spending, the Chase Sapphire Reserve is the clear winner, especially if you plan on booking travel through the Ultimate Rewards Portal as you'll be able to get a significantly high return on your spend.

If you're big on U.S. supermarket spending, the AMEX Gold Card will come out ahead by a landslide with the 4X earnings per $1 spent on up to $25,000 per calendar year. The Membership Rewards program has been always been the better choice for earning on everyday categories, and the AMEX Gold is no exception.

When it comes to dining, both cards offer a solid return. While the AMEX Gold Card offers more points, the value of points between both programs have a very wide range, so points earned with either card can outperform the other based on how you plan on redeeming your rewards.

Comparing Benefits

The AMEX Gold Card offers access to The Hotel Collection as well as $240 in annual credits. The card also features standard American Express benefits such as complimentary ShopRunner Membership and AMEX Offers.

The Chase Sapphire Reserve, on the other hand, is loaded with travel benefits including an annual $300 travel credit, Priority Pass Select membership, a 50% boost to point value, excellent travel insurance, and much more.

Benefits: Chase Sapphire Reserve vs AMEX Gold
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
Chase Sapphire Reserve
  • $300 Travel Credit: Receive up to $300 in reimbursements towards travel purchases made to the card
  • 50% Point Value Boost: You'll receive a 50% point boost when you redeem points on the Chase Ultimate Rewards Portal
  • Global Entry/TSA PreCheck Credit: Receive up to $100 towards a Global Entry or TSA PreCheck application fee
  • Priority Pass Select Membership: Receive complimentary access to over 1,300 airport lounges worldwide with Priority Pass Select Membership.
  • Luxury Hotel & Resort Collection: Receive special benefits when booking stays at top hotels worldwide
  • Fantastic Travel Insurance: Trip Cancellation, Trip Interruption, Baggage Delay, Trip Delay, and more

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.

Point Calculator

Calculate how many points you can earn with the Chase Sapphire Reserve 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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