Rewards Calculator: Chase Sapphire Reserve vs AMEX Platinum

Rewards Comparison Calculator
Review the benefits, calculate rewards based on spend, and compare the cash value of the Chase Sapphire Reserve vs AMEX Platinum Card side by side.
Last Updated 2022-01-12 By R.Flowers III

The Chase Sapphire Reserve® and The Platinum Card® from American Express are two of the most popular premium travel cards on the market. They both offer top-notch travel benefits and superb value.

When it comes down to it, the Chase Sapphire Reserve offers exceptional value on your spending while providing a list of great, top-notch travel benefits. The Platinum Card doesn't offer as much value on your spend but offers a very long (and I mean very long) list of elite travel benefits that can easily offer thousands in value.

If you're trying to decide between the two, it's going to come down to how much you value the benefits offered on the Chase Sapphire Reserve vs The Platinum Card. Depending on your needs, it is also very possible to end up with both cards if you're looking for a good mix of both rewards and great benefits.

Comparing Rewards

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

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

The value of rewards earned with either card will vary depending on how you plan on using them. The table below features the average value you can obtain from Ultimate Rewards Points and Membership Rewards Points earned using the Chase Sapphire Reserve and The Platinum Card.

Chase Points vs AMEX Points Value
Chase Sapphire Reserve
  • 1.2 to 2+ Cents - Point Transfers To Partners
  • 1.5 Cents - Travel via Chase Ultimate Rewards
  • 1 to 1.5 Cents - Statement Credits, Cash Back, Pay Yourself Back
  • 1 Cent - Gift Cards
  • 0.8 Cents - Amazon.com
The Platinum Card
  • 1.2 to 2+ Cents - Point Transfers To Partners
  • 1 Cent - Airfare via American Express Travel
  • 1 Cent - Hotels (Pre-paid) via Fine Hotels & Resorts
  • 0.7 Cents - Other Travel via American Express Travel
  • 0.7 Cents - Pay with Points At Checkout
  • 0.6 Cents - Statement Credits
  • 0.5 to 1 Cent - Gift Cards

Point Transfers To Partners

The best use of both Ultimate Rewards Points and Membership Rewards Points for maximizing value is transferring them to travel partners.

Ultimate Rewards Points can be transferred to 13 travel partners and Membership Rewards Points can be transferred to 20 travel partners.

The table below lists the side by side comparison of AMEX travel partners vs Chase travel partners and the transfer ratio of each.

Airline Miles

The Point Calculator values most airline miles at an average of 1.2 to 1.5 cents each. This means that transferring points earned in either program to frequent flyer miles can net you some solid value with ease.

You can also research the sweet spots with each airline to obtain even higher value. It's possible to get as much as 2 cents or more with some redemptions, especially with upper class redemptions on 5-star airlines.

Since the value of points can range so heavily with so many airline partners, neither program is technically better than the other when it comes to transferring to frequent flyer programs. It will come down to your preference in airline or airline alliance, if you have one.

Hotel Rewards Points

Ultimate Rewards Points and Membership Rewards Points can both be transferred to a small handful of hotel loyalty programs.

The best partner for Chase Ultimate Rewards is World of Hyatt hands down. Hyatt Points have an average value of 1.8 cents per point with it being very easy to get over 2 cents per point.

Marriott is AMEX's best hotel partner as well as a solid partner for Chase. Marriott Bonvoy Points have an average value of 0.7 cents each, but it's not hard to get over 1 cent per point with a little bit of research.

All other hotel partners between these programs which includes IHG Rewards, Choice Privileges, and Hilton Honors, will be a bit challenging when it comes to redeeming points for more than 1 cent in value. Redemptions exist... but it will be a challenge.

Travel Redemptions

Ultimate Rewards Points and Membership Rewards Points can be redeemed directly through their respective bank's travel portals.

As a Chase Sapphire Reserve cardholder, you'll receive a 50% boost to the value of Ultimate Rewards Points when redeeming them for travel through Chase Ultimate Rewards. This means your points will be worth 1.5 cents each.

This is a fantastic redemption value if you don't mind booking travel through Chase. If you prefer to book direct, mainly due to having or trying to earn credit towards elite status, this particular redemption will not be beneficial to you as it is considered a 3rd party booking.

For The Platinum Card, Membership Rewards Points will have a value of 1 cent when redeemed towards airfare and Fine Hotel & Resorts bookings made through American Express Travel.

Again, if you prefer to book direct, this will not be a useful redemption option for you.

Cash Back & Statement Credits

If you're looking for cash-like redemptions such as cash back, statement credit, and gift cards, Ultimate Rewards Points will beat out Membership Rewards Points by a landslide.

Ultimate Rewards Points can be redeemed for 1 cent per point at minimum for cash-like redemptions whereas with Membership Rewards Points you'll only get 0.6 cents per point for statement credits and anywhere from 0.5 cents to 1 cent per point with gift cards.

Comparing Earning Rates

The Chase Sapphire Reserve offers bonus points on travel and dining related purchases while The Platinum Card focuses on airfare booked direct and travel booked through American Express Travel.

Bonus Categories: Chase Sapphire Reserve vs The Platinum Card
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
The Platinum Card
  • 5 Membership Rewards Points per $1 spent on airfare booked direct or through American Express Travel
  • 5 Membership Rewards Points per $1 spent on pre-paid hotel bookings through American Express Travel
  • 1 Membership Rewards Point per $1 spent on all other purchases

When it comes to card spending and overall value, the Chase Sapphire Reserve Card is going to drown out The Platinum Card on everything but airfare purchases booked direct.

The purpose of The Platinum Card are the benefits it offers. You may occasionally need to flash it to get in lounges, use it to sign up for something complimentary, or use it to pay something in order to receive a statement credit.

If you want to earn rewards in the Membership Rewards program, you'll want to pair The Platinum Card with cards like the American Express® Gold Card or American Express® Green Card. The Platinum Card isn't meant to be a daily driver for everyday purchases.

Comparing Benefits

The big battle between the Chase Sapphire Reserve and The Platinum Card comes down to the card benefits and how much you value each of these benefits.

The Chase Sapphire Reserve's best benefits include the $300 annual travel credit, 50% boost to point value when redeeming through Chase Ultimate Rewards, and excellent travel insurance.

The AMEX Platinum Card's best benefits include the American Express Global Lounge Collection, complimentary elite status with Marriott & Hilton, and over $1,400 in annual credits.

Benefits: Chase Sapphire Reserve vs The Platinum Card
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
  • 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
The Platinum Card
  • American Express Global Lounge Collection: Receive complimentary access to Centurion Lounges, Delta Sky Club Lounges (when flying Delta), Priority Pass Lounges, Airspace Lounges, and Escape Lounges
  • $300 Equinox Credit: Get a $25 statement credit each month at Equinox that can be used towards Equinox All Access, Destination, or E by Equinox membership fees, or for Equinox+ (Enrollment Required)
  • $240 Digital Entertainment Credit: Credit broken up into $20 per month that can be used for Peacock, Audible, SiriusXM, and The New York Times (Enrollment Required)
  • $200 Airline Fee Credit: Up to $200 in statement credit redeemable towards incidental purchases made with your chosen airline (Enrollment Required)
  • $200 Hotel Credit: Get $200 back in statement credits each year on select prepaid hotel bookings with American Express Travel
  • $200 Uber Cash: Receive $15 per month in credits with a bonus $20 in December redeemable towards Uber rides or Uber Eats deliveries
  • $179 CLEAR Credit: Receive up to a $179 statement credit when you use the card to pay for CLEAR Membership
  • $100 Saks Fifth Credit: Receive $50 in credits bi-annually that can be used towards purchases with Saks Fifth (Enrollment Required)
  • Global Entry/TSA PreCheck Credit: Receive up to $100 towards a Global Entry or TSA PreCheck application fee
  • Hotel Elite Status: Receive complimentary Marriott Bonvoy Gold Status and Hilton Honors Gold Status (Enrollment Required)
  • Fine Hotels & Resorts: As a Platinum Card member, you will be able to book hotels through Fine Hotels & Resorts. When booking, you'll receive noon check-in, complimentary room upgrade, continental breakfast for two, complimentary Wi-Fi, late 4pm checkout, and a unique property amenity
  • 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
  • Cruises Privileges Program: Receive between $100 USD to $300 USD when booking 5+ nights with selected cruise lines based on cruise line and type of room booked
  • Car Rental Status: Receive complimentary status and special benefits with Avis Preferred, Hertz Gold Plus Rewards, and National Car Rental (Enrollment Required)
  • International Airline Program: Save on base airfare when buying international first, business, or premium economy tickets through American Express
  • Extra Points with AMEX Travel: Earn 1 additional Membership Rewards Point per $1 spent on cruise reservations
  • Great Travel Insurance: Trip Delay, Trip Cancellation, Car Rental Loss and Damage, and Baggage Insurance Plan

Rewards Calculator

Calculate how many Ultimate Rewards Points you can earn with the Chase Sapphire Reserve versus how many Membership Rewards Points you can earn with The Platinum Card. Compare the cash value of both cards side by side and find out which card earns you the most rewards and best return.

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