When choosing between the Amex Gold vs Chase Sapphire Preferred credit cards, it’s important to know the differences between the two. Chase is generally a more generous credit card company, approving applicants with scores of 640 or higher. By contrast, Amex is stricter when it comes to credit scores.
Choose the Best One: American Express Gold Card Vs Chase Sapphire Preferred
The American Express Gold Card and Chase Sapphire Preferred Card are both popular choices regarding travel credit cards. Both offer amazing welcome bonuses, card member benefits, and redemption options. However, both companies recently made changes that may affect which card is your best choice. Before deciding which card to get, consider which benefits are most important to you.
Chase Sapphire Preferred might be a better choice if you’re on a tight budget. However, the Amex Gold Card may be more beneficial if you’re a frequent traveler. It comes with dining and Uber credits, which can help you save on travel expenses. Furthermore, you can use your Amex Gold to book hotels through the Amex Hotel Collection program, which allows you to earn points toward future hotel stays.
· Amex Gold Versus Sapphire Preferred – Membership
While both cards earn Membership Rewards points, the Chase Sapphire Preferred’s sign-up bonus is the most lucrative. It’s worth almost $1,200 in cash. TPG values this bonus at two cents per point, which means you’ll be able to redeem it for $750 of “free travel.” By contrast, the American Express Gold Card is a better value, as you’ll earn up to 60,000 points after spending $4,000 on purchases within six months.
When comparing the Amex Gold Card and the Chase Sapphire Preferred, it is important to consider the annual fee. The Amex Gold Card charges a $250 annual fee, while the Chase Sapphire Preferred has a $95 annual fee. Nevertheless, the rewards can be worth the expense. A Chase Sapphire Preferred can be a great option for many people. However, both cards are expensive and require annual fees.
The Chase Sapphire Preferred offers valuable credits, like a $50 credit per year, toward hotels booked through Chase. Additionally, cardholders receive $10 in GoPuff credit every month. In addition, the card can be paired with a membership to the DoorDashDashPass service for $9.99 a month. Other bonuses are also available to the cardholders, such as a 10% anniversary points bonus. The bonus can add up to 2,500 points for every $2500 spent.
· Amex Gold Versus Chase Sapphire Preferred – Rewards & Benefits
Considering the Amex gold vs chase sapphire preferred benefits, the American Express Gold Card is the better travel credit card, but the Chase Sapphire Preferred has a lower annual fee. Both cards offer good travel rewards, but Sapphire Preferred has more flexible reward redemption. You can pool your points with other Chase credit cards, such as Freedom Unlimited, and earn more when you travel. The Chase Sapphire Preferred is also an excellent choice if you pay your bills on time and in full. However, neither card offers an intro 0% APR period.
The American Express Gold Card has an easy-to-use rewards program, but the annual fee can be expensive. The rewards program is flexible and includes four dining and grocery shopping points. However, the Gold Card comes with an annual fee of $250 and a limit of five authorized users. It also doesn’t offer balance transfers.
· American Express Gold Versus Sapphire Preferred – Pros & Cons
The Chase Sapphire Preferred and Amex Gold cards have pros and cons. Both offer good value and earn Chase Ultimate Rewards and Amex Membership Rewards. However, the Amex Gold card is a better choice for people who want to use their card for more than one purpose.
Transferability is an important consideration when comparing the two cards. The Chase Sapphire Preferred’s points are worth 1.25 cents each when redeemed for travel, while the Amex Gold points are worth only 1 cent if you redeem them for an award flight. However, the American Express Membership Rewards program has more transfer partners.
The Amex Gold card offers a lower annual fee than the Chase Sapphire Preferred. Moreover, the rewards are different, with the Amex Gold card offering 60,000 bonus points after three months of spending. The Amex Gold card also has a dining credit program, which can earn you points.
· Amex Gold vs Chase Sapphire Preferred – Bonuses
The Amex Gold Card offers better benefits than the Chase Sapphire Preferred. Its points are transferable and come with a 25% bonus. In addition, it has more convenient transfer partners and more frequent rewards. But if you’re traveling overseas, it might be best to use the Amex Gold Card.
The Chase Sapphire Preferred card also offers a higher bonus. However, there is a $95 annual fee. The benefits of this card include travel perks like rental car insurance, trip cancellation, delay insurance, and luggage loss and delay insurance. However, these perks are limited to travel and do not enhance everyday life.
Conclusion
A little-known secret many people don’t know about is that there are two versions of the Amex Gold card. You have the regular Amex Gold card, and then there is the Chase Sapphire Preferred Card. The Amex Gold card offers better benefits than the Chase Sapphire Preferred. The Amex Gold Card is a higher-tier product. So when it comes down to perks, it gives better benefits than Chase Sapphire Preferred.
