Chase Sapphire Preferred vs. Amex Gold: Which Card is Right for You?
When it comes to choosing a travel credit card, the options can be overwhelming. With ultra-premium cards like the Chase Sapphire Reserve® and The Platinum Card® from American Express carrying hefty annual fees, it’s important to consider whether the benefits justify the cost.
For those looking for a more budget-friendly option, the Chase Sapphire Preferred® Card and the American Express® Gold Card offer excellent alternatives. These sister cards to their luxury counterparts provide a range of perks and rewards without the high annual fees.
Let’s take a closer look at a side-by-side comparison of the Chase Sapphire Preferred and Amex Gold to help you decide which card is right for you:
– Welcome bonus: The Sapphire Preferred offers 75,000 bonus points after spending $4,000 in the first three months, while the Amex Gold offers 60,000 bonus points after spending $6,000 in the first six months.
– Annual fee: The Sapphire Preferred has a $95 annual fee, compared to the Amex Gold’s $250 fee.
– Earning rates: The Sapphire Preferred earns 5 points per dollar on travel and dining, while the Amex Gold earns 4 points per dollar on dining and U.S. supermarkets.
– Point valuation: The Sapphire Preferred’s points are valued at 2.05 cents, slightly higher than the Amex Gold’s 2 cents.
– Perks: The Sapphire Preferred offers a $50 annual hotel credit, while the Amex Gold provides up to $120 in dining credits and $120 in Uber Cash.
Ultimately, the choice between the Sapphire Preferred and Amex Gold depends on your spending habits and travel preferences. If you prioritize dining and grocery purchases, the Amex Gold may be the better option. However, if you prefer earning points on travel expenses, the Sapphire Preferred could be the right fit for you. Consider your priorities and choose the card that aligns best with your lifestyle.