Platinum Card vs Chase Sapphire Preferred Credit Card
Fees, rewards and real yearly value, side by side. Updated October 29, 2026.
Platinum Card
Estimated value every year on typical spending
−$140/ year
Every year, after the annual fee. Year one adds a $1,400 welcome bonus: $1,260
Chase Sapphire Preferred Credit Card
Estimated value every year on typical spending
$561/ year
Every year, after the annual fee. Year one adds a $750 welcome bonus: $1,311
The short answer
- On typical spending, the Chase Sapphire Preferred Credit Card comes out ahead: about $561 a year after its fee, against −$140 for the American Express Platinum Card.
- The American Express Platinum Card earns more on travel.
- The Chase Sapphire Preferred Credit Card earns more on groceries, dining, gas, everything else.
- The Chase Sapphire Preferred Credit Card costs $800 less a year to hold.
Side by side
| Platinum Card | Chase Sapphire Preferred Credit Card | |
|---|---|---|
| Annual fee | $895 | $95 |
| Rewards | 5X points on flights and hotels booked directly with airlines or through American Express Travel | 5x points on Chase Travel; 3x points on dining, gas stations, EV charging, vacation homes, top streaming services, and online grocery; 1x points on all other purchases |
| Welcome bonus | AS HIGH AS 175,000 Membership Rewards® points after you spend $12,000 in purchases on your new Card within the first 6 months of Card Membership. | Earn 75,000 points after you spend $5,000 in purchases in the first 3 months from account opening. |
| Credits counted | $390/yr | $80/yr |
| Intro APR | Not listed | Not applicable |
| Regular APR | 19.74% to 28.74% variable | 19.49% to 27.74% variable |
| Foreign transaction fee | None | None |
| Credit needed | Excellent | Good/Excellent |
Yearly rewards by category
| Category (monthly spend) | Platinum Card | Chase Sapphire Preferred Credit Card |
|---|---|---|
| groceries ($500) | $48 | $180 |
| dining ($400) | $38 | $144 |
| gas ($200) | $19 | $72 |
| travel ($300) | $144 | $36 |
| everything else ($1,200) | $115 | $144 |
Yearly value is rewards plus credits you'd realistically use, minus the annual fee, on $2,600/month: $500 groceries, $400 dining, $200 gas, $300 travel, $1,200 everything else. Points use conservative cash values; store-only rewards count at half. How we rank · Use your own spending
Questions people ask
Which is better, the American Express Platinum Card or the Chase Sapphire Preferred Credit Card?
On typical spending the Chase Sapphire Preferred Credit Card is worth more: about $561 a year after its fee, against −$140 for the American Express Platinum Card. Which is better for you depends on where you spend most; see the category answers below.
Which has the lower annual fee?
The Chase Sapphire Preferred Credit Card ($95 a year, against $895).
Which is better for groceries?
The Chase Sapphire Preferred Credit Card. On $500 a month of groceries it earns about $180 a year, against $48 with the American Express Platinum Card.
Which is better for dining?
The Chase Sapphire Preferred Credit Card. On $400 a month of dining it earns about $144 a year, against $38 with the American Express Platinum Card.
Which is better for travel?
The American Express Platinum Card. On $300 a month of travel it earns about $144 a year, against $36 with the Chase Sapphire Preferred Credit Card.
Which is better for gas?
The Chase Sapphire Preferred Credit Card. On $200 a month of gas it earns about $72 a year, against $19 with the American Express Platinum Card.
Put any two cards head to head.
Pick any cards, including ones you already hold, and compare them on your own spending.
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Terms change often; confirm them with the issuer before you apply.