American Express Gold vs. Chase Sapphire Preferred
Вставка
- Опубліковано 1 лип 2024
- #amex #chase #creditcard
American Express Gold vs Chase Sapphire Preferred
Amex Gold www.comparecredit.com/credit-...
Chase Sapphire Preferred www.comparecredit.com/credit-...
Top Travel Credit Card www.comparecredit.com/credit-...
Best Card for Rent bit.ly/biltjft
Favorite Amex Credit Card www.comparecredit.com/credit-...
Top Beginner Card www.comparecredit.com/credit-...
Top Gas or Grocery Card www.comparecredit.com/credit-...
Favorite Business Credit Card www.comparecredit.com/credit-...
Advertiser Disclaimer: Some of the card links and other products that appear on this website are from companies for which John Liang will earn an affiliate commission or referral bonus. John Liang is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as bilt.com, rakuten.com and mybanktracker.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies, all available credit card offers, all banks or all available bank offers.
This post is sponsored by comparecredit.com. John was compensated by comparecredit.com for his comments and has an incentive to promote CompareCredit.com. The experience described may not be the experience of all clients and is no guarantee of future performance or success.
tag: travel card, best travel card, chase vs amex, chase sapphire, amex gold, best amex, chest chase card
I wouldn’t have given it to Amex gold for the AF category. Only a small amount of people might use the entire $240 eating credits. Even if you don’t factor in the credits for either card, CSP would still be better trade.
I have both! I got a 100k bonus points with Chase in 2021, and a 90k bonus with Gold in 2023…both cards are great. One thing I love about the sapphire are that the points are MORE for travel and for a few months out of the year for apple products. My 100k bonus turned out to be around $1,350 bonus for travel and apple products, which is phenomenal. Even if I only have like 2000 points, I can stretch my those to more for flights. Also, the Amex flight prices are more expensive than what I can find on google or skyscanner, while the sapphire search engine for flights have the exact same prices that I can find on google. Either way both cards rock
Dude you dont spend the points on chase or amex travel portals. You transfer points to travel partners. Your 100k points coulda been worth near double the value you got out of it. 1.3ccp is not a great conversion.
I have both cards, and I'm not planning on letting go of either one. When I applied for the gold, I got a 90k bonus (not long ago)
I know thats right. Why choose “or” when u can have both? ❤
same, i have both
@Dannee Boy anytime there is redundancy with AF cards, you should always ask yourself if it's worth having both.
Agreed, though a lot of folks just don't like to juggle too many cards. I am not one of them ahahaha but I know friends who rather just 2 or 3 cards and that's it.
Have both and just got the 90k bonus offer for American Express. I’m pretty excited that I have a lot of the travel partners covered.
Everyone forgot about the 10% anniversary perk that comes with the CSP bringing down the annual $45 fee even lower.
Indeed!
Running both as part of my setup! I just got the CSP and plan on using it for travel while my AMEX Gold is amazing for anything food while at home AND traveling!
I initially got the CSP with a 60K SUB (*cries in 80K SUB) in early January and hit the bonus in late February. I applied for the AMEX Gold in late March and get the increase SUB of 90K points plus $200 in statement credits. I couldn't resist, so I caved and hit the bonus in mid May. For the moment, I don't foresee myself downgrading either of these because they are so valuable. The increase travel protections with the CSP are second-to-none and plus the extra 25% points boost on the portal is awesome! For the Gold, I use the dining credits every month since i eat out regularly. The 4X points on groceries is awesome as well since I spend quite a bit on them monthly. If there is one caveat and a bit of a disappointment with the Gold card is that not all "Dining" places code as "Restaurants." Some places like breweries or taverns don't code correctly and you only get 1X back! If it was a small purchase I would have shrugged it off, but I used it at an out-of-town tavern and the bill was like $200 and I was robbed of the extra points! I learned my lesson and now if I am even questioning whether a "food" establishment will not code as a restaurant, I use the CSP. I noticed that bars and taverns, food merchants at malls, and even local food trucks code correctly with the CSP and you get 3X points for dining! However, now that I hit the bonus with both cards, I use the AMEX primarily for dining (80--85% of the time) and when I'm in doubt, I'll use the CSP to get the guaranteed 3X points. I went on a rant, but I love both cards! I plan on keeping them both for AT LEAST another year and maybe longer. Who knows? LOL
PS- Thanks for the info and for your great insights and comparisons as always!
thanks! i was wondering about the AMEX gold points when you use it in the restaurant since i eat out a lot. thanks for answering this question. wish AMEX & CSP give extra points for gas ⛽️ 😂 thanks again.
Does the dining and grocery point multipliers work for overseas vendors?
@@longjonsilvers802 For Dining, yes. For Groceries, it’s only for U.S. Supermarkets, unfortunately.
Preferred just for unlocking the potential of other Chase cards and high limits and having a Visa with no international fees for travel. Gold seems to crush it in capturing household spend in big categories as well as covering the large annual fee to stack points. Gold is on my radar for early 2024 when I no longer have 5x via my Chase Flex card on grocery.
Glad I have both. If I had to, edge goes to CSP - 90K bonus last month (in Chase branch), stronger UR points multiplier and Visa accepted everywhere.
I’d say the SUB category is a bit skewed, as Amex Gold (and all Amex cards) only allow 1 lifetime SUB on personal cards. Chase allows eligibility for a new SUB on Sapphire cards every 48 months.
I personally love both cards I was able to pull the 90k points on the gold and 80k on the sapphire about 2 years ago obviously If you travel and eat out a lot both make sense a lot especially having the chase freedom flex and getting 5% and and most categories throughout the year and getting that extra 25% extra on redemption and being able to transfer to transfer partners for 45 bucks a year I think is a no brainer love both of them I also have the venture x so I don’t use the sapphire that often any more but just got 3 referrals so I’m good!
Gold card is great if you are already using uber and dining at those restaurants but for me I never use either so those credits will be worthless to me. As such I just use the Citi Custom Cash to get 5% back on groceries and another card for 3% back on dining.
My Amex Gold sign up bonus was 90k when I signed up a few months back
I think the biggest problem for AMEX gold is a lot of place dont take that card including Costco.
Great video! Really appreciate this as these cards are definitely in similar "tiers". I ultimately choose the Amex Gold (and the Amex ecosystem as a whole) due to Rakuten's ability to earn MR rather than cashback. It's a game changer, and makes the Amex Gold a catch all for all sorts of points and savings opportunities.
Great call, the Rakuten play for those in the CC game is most definitely a game changer!
Personally, I'd say "Why not both"? This was a great breakdown of both cards, however, I wouldn't necessarily pin these against each other, rather I'd look at using them in combination with each other instead just like you said!
How would you spread your spend with both?
@@MarkS-cd3cw from personal experience, food and grocery on the gold, doordash (free dashpass), transfer point redemptions, streaming services, online grocery ($15 instacart quarterly category) on preferred.
Been having the Amex gold for a while now. I got it when I was 20 and have had it for over 3 years now and have gotten so much utility out of it. The credits are very nice, sometimes gotta work to have them actually be worth $10 since food delivery ups prices but some restaurants don’t. It’s a nice card to have and is the main one I’ve had for a while now. The multipliers are the best around.
We got our Gold at the same age! congrats
I would say that where I live, any Uber eats or grub hub order costs well over $10, more like $20-$30 for a single meal. You’re basically just paying for the delivery fee. Which is cool but for someone who trends away from these rather expensive, this is not free money back but really an incentive to change my habits towards potentially less responsible practice. So the chase would really win out in that category for me personally
Recently got the CSP with the 80k sign-up bonus. I’m just now finishing up my CFU/CFF/CSP trifecta and hoping to get into Amex ecosystem early next year. Great video!
I also got the CSP with 80k. I love it cuz it has great benefits that you can immediately use, and low fee compared to gold. Ill try to get into Amex as soon as possible Tho.
John, thank you for this comparison. It is very clear and I found your video very educational.
Question though. Wouldn't you give the score to the sapphire card on the annual fee for the same reasons you gave it a score for the benefits? To redeem the benefits on the sapphire is easier than the gold. For the same reasons I would give the score to sapphire on the annual because I don't see myself once a month eating between Uber Eats, Cheesecake Factory or the others to maximize the credits every year. I would think it is easier to hold and pay $45 to take advantage of the sapphire benefits yearly than worry about hitting $240/year eating out. I am thinking meals can get very expensive and the $10/mo. credit may not be worth it.
Thoughts? Thanks in advance!
I'm so confused why nearly no one compares Amex Green to CSP. I think the Chase trifecta forces everyone to think of the 2nd most expensive card in the lineup as the 'mid tier' so they compare Gold vs CSP, when in reality the Green is much closer in terms of use cases and AF. If you are able to use CLEAR, the green more than pays for itself with that credit alone. The only real thing CSP has over Green is groceries, but that's where Green/Gold differ. Green is all travel while Gold is more everyday spending.
I got sent something for the Hilton Honors card the other day, and I'm not too interested in that card rn but I am curious of the odds I would get approved for the Gold card if they already reached out with the Hilton card. Also I know with the Chase 5/24 rule, I currently only have 2 cards, 1 being the Freedom Unlimited, would you get the Amex Gold or the BILT MasterCard while completing the Chase Trifecta? I'm planning on moving into my own place in a month or 2.
I think the preferred and the freedom unlimited are almost identical. I have both of them including the gold. How would you spread your spend?
For the CSP, if the Uber Eats credit counts, the Dash Pass is worth the annual fee alone plus saving on fees (I've seen some save 1000s) may in effective annual fee.
Of course both are great, but I’ve gotta get the reserve first cuz of Chase’s 5/24 rule. They really bone you with that one. Just got the flex so I’ll wait three months and the reserve will literally be my 5th card within a two year timeframe
Hmm, I feel like the God Trifecta may be a better use for your dining purchases, let alone the 2x minimum value on all purchases and transferring to Hyatt. It’s basically these 2 cards in one!
But I think for these 2, Gold still is 👑.
Man thats is a tough decision. The CSP was my favorite for a long time, but I recently got the gold, which im loving!
Here’s my Take:
Gold - better multipliers for food, but more restrictive for travel & harder to redeem pts
CSP - better travel protections, lower AF, easy to use pts
But lower multipliers & online grocery only.
Conclusion: Get Both! 😎
Excellent summary
@@Alvin_1914- thanks 👍🏼
Think I will be jumping on the Gold this evening weekend; thinking about it . 90k offer finally came back
@@callmeNeno - Go for it Neno! I only got the 75k offer. Honestly I didn’t think they would approve me based on bad history in my youth, but they welcomed me back! 😁
Great video! I am new to owning an AMEX Gold card and have one question on it. I am enrolled in the dining credit and just bought food through GrubHub. Will the $10 credit be automatically applied to my account? Or do I have to do something else to get the credit?
I have the gold but waiting for the sign up bonus for the CSP to increase so I can get that as well. Def will carry both cards eventually
@john Liang can you make a video about how you can maximize the use on these points?
Mileage definitely varies as I would have to deviate from my normal spending habits to use any of the the credits on the Gold and therefore value them at $0.
I’ve been pre approved for the chase preferred and reserve but I don’t think I need them as I don’t travel often. I’ll just stick with my little quicksilver card and my freedom flex. My credit age is only 10 months old.
i have both! these are my two favorites
Could you do a best cards for non travel people?
I like both. I'm currently running both + freedom unlimited as of now
for the long term plan is it ideal to hold onto both or commit to either chase system (saphire, freedome, flex) or amex (gold/plt)
So the chase credit card doesn’t include Walmart online grocery?
@5:20 I thought Chase Saphire Reserve does the 6 hour delay, I think preferred has 12 hour delay
You missed that csp has partner credits like doordash, gopuff, instacart. I think that would change the annual fee rational… 8:59
Rarely anyone factors these into the annual fees of the CSP or CSR when comparing Chase to any of the other banks. Highly overlooked.
And the CSP gives you a 10% bonus points each anniversary on the amount you spend per year lowering your annual fee even more.
I literally googled this comparion after watching your previous video LOL
I don’t think the gold is for me, I don’t use Uber and those food options aren’t around my area.
Big fan of your videos John. New member here and sadly I only got the 75k SUB. Looking forward to use this card and definitely want the CSP to be my next card. Is summer/fall 2024 too soon to apply for the CSP? Since I’m 1/24 for chase 5/24 rule.
when it comes to transfer partners is there a website that will share the partnerships between the transfer partners for the airlines so I can get the best value per point? like at 6:40 where he says it was a partner airline using A&A points
which credit they pull from transunion or eqifax
Hey John I know this is an old video but I am being offered a AMEX gold with SUB 100k points after spending 10k in 3 months with a 295 annual fee... I'm not really looking to spend 10k in the first three months but those points do sound pretty good what do you think I should do? I am looking for a travel card as well I have the Quicksilver right now which helps a bit but I am looking for more benefits .... I am also unemployed rn full time student.
Though the Amex Gold seems a little better, one thing that a future cardholder needs to keep into account is that the Amex Gold is a charge card, not a credit card; the future cardholder needs to make sure they know what that means and evaluate if they are comfortable with the terms involved. If not comfortable with a charge card, I think it's better to go with the CSP.
Any good credit cards for contraction uses? Like going to the hardware stores and getting good cash back
Dining credit and Uber cash for amex gold, which is $10 each per month. If you dont use it on that particular month, you will lose it. Plus, you pay extra $ for food delivery fees and tips (which a typical tip here in the US is 15% or more).
On top of the fees, tips, and having to put effort to use the credits, food prices(in most cases) are marked up by 20% even for pick up. I really would say the value of the dining credit is if using Uber and grub hub is closer to 190 dollars making the effective annual fee more expensive closer to 60 dollars. I do like the simplicity 4x on dining and groceries.
What are your thoughts about the Mastercard Black card?
Got the gold, would love to get CSP or CSR but more hard pulls, drag my score down. Plus the new account, reduces the age on my report. May buy a house in the next year, so wondering if the drop in score is worth it. Usually 3% utilitzation if not zero....still debating
My understanding is that hard inquiries stop impacting your score after a year, though they stay on there for 2 years. I don’t think mortgage FICO treats inquiries differently.
I have a venture X already and just met my bonus spend, is there anything these card offer that I would benefit from besides bonus
you cannot use the Amex card in costco but the chase card you can.
I’ve learned if you shop in person at Walmart with the Amex card you will get the 4x bonus points but if you order your groceries to have them delivered or picked up (Walmart Plus) you’ll only receive 1 point per $. Odd how that is.
Yea it's weird how it codes like that. But I guess that's why the CSP targets online grocery for that 3x category
I’m about to have both!
I have the chase, I would never get the food credits from AE.
So I’m going to start college soon I got my first credit card with my parents at our credit union, and now I want to get something that will help me as I’m going through college… what would you guys recommended?
People put too much emphasis on the signup bonus.
Thanks for the video. I was wondering if you could share how you track all of the credit cards, the rewards, and requirements. Thanks in advance.
I have the CSP, and have absolutely loved it. I really want the AMEX gold because of a sign up bonus, but I think I'm going to have to hold off for a while. The $240 of "eating credits" just isn't within my regular spending habits, as I never use any meal delivery service, making it hard to justify the $250 annual fee.
To me regular spending habits is a huge factor as I can still get plenty of value with the CSP on my current spending habits.
I exclusively use 240$ eating credits for pick up, which has no fees involved. It's definitely worth if if you do takeout twice a month :)
100% agree
The eating credits if you use pickup should be discounted about 25%. YMMV, but around where I live everyone marks up 15%-30%.
I have the preferred, but Just signed up for the AMEX gold with the referral bonus of 90k pts. So I'd say "Why not both?" as well.
Hey John, quick question, do you use a teleprompter? Asking because I'm making some youtube videos and you speak so flawlesly haha.
I just got both cards. Got 80k on csp and 75k on the amex gold plus $200 credit. I just bought a house and i am taking advantage on the reward bonus.
Any recommendations?
I am about to choose a meal prep companies to prepare my food. For example, Factor, Fresh N Lean, etc. Its not cheap, lol. Does anyone know if these type of companies are coded as grocery or dining out? 3x or 4x points would be huge
Can you combine points from Chase and Amex for purchasing Airfare? Assuming they share the same transfer partner, can you transfer X points from Amex and X points from Chase to that same partner and combine the points to cover the points needed for the ticket? Thank you
Yes
I really think the Sapphire Preferred should be compared to the AMEX Green Card.
Yup.
AmEx Gold > CSP
AmEx Green = CSP
Because I have the Amex green corporate card, I get a $100 credit, would that make it more worth it to me?
I think the CSP is valuable because it improves the of all your Chase cards. The AMEX gold has the potential to pay for itself with all the credits, but mostly only if you’re in an urban area. Granted, that’s a lot of people, but I like the preferred for the simplicity and how it helps all my cards become more valuable. Both cards are solid for sure.
I prefer the CSP as well. Points are easier to use, redeem points at a higher rate for cash back, visa is widely accepted, receive a 10% anniversary points boost depending on the amount of money you spend per year lowering your annual fee even more,more multipliers, mann I can go all.
@@tarrius1210 I kinda regret not getting it for this reason. But the 4x on dining AND groceries sold me on the Amex Gold
@@Jiggy609 Understood, but who doesn’t like flexibility when redeeming points. The only thing MR points are good for is transferring points to transfer partners. Unless, someone has the Charles swab platinum card.
I got both cards, gold card more recently, sapphire had a 100k sign up bonus, and i got the gold card in may with a 90k sign up bonus.
Same story for me! Got CSP with 100K public offer and got referred by a friend for the Amex Gold and received 90K. Also love that both cards have no international transaction fees!🎉
Just an FYI that 4x earning on groceries for amex gold exclude walmart and target. I just wish a lot of UA-camrs bring that up since most people shop over there
ahhhh, I'll note that!
Not neighborhood market, Walmarts small grocery store!
Hey John, I see your working with Bread Financial but I haven't seen you do a review on Bread Savings?
They're actually in an old video on HYSA. But right now it's 4.75% APY, an amazing rate!
I have gold but if they just changed the eating credits to be yearly.. id be a lot happier
I just approved my Amex Gold! I got offer 75 points #spent $4000 (6 months) and 20% back as a statement credit on purchase made at restaurant worldwide up to $250 back in your first 12 months of card membership 😍
gold lack of travel benefits and protection such as rental car collision damage waiver primary insurance.
Isn’t the Amex platinum more of the travel card for Amex ?
Hello, I’m 20 and the only card I’ve had is the discover it, and I just applied to get the Amex gold. I think I would like to get the CSP as well. Should I wait to get it after I get the signup bonus on the Amex gold?
I booked the secrets moxche for 67k points before hyatts devaluation. If the cash price is $2,196, how much was my CPP? Im getting 3.27CPP but that sounds wrong….
i wish other cards had points on grocery than just that one card. I can't find it on any other card
Sheeesh I’m glad I have both 🙏
Can you still downgrade your Chase cards to no annual fee cards? It used to be that you could have the Sapphire Preferred and downgrade to a Freedom card. I have the amex gold rn but just thinking about future options.
Still the case
So I just got the sapphire preferred and I’m wondering how do I get this doordash, is this something I just have automatically by owning the card or do I have to go on their website and apply?
For me, when I added my sapphire preferred card into the Door Dash App. A pop up came up saying I had complimentary dash pass and it added it on!
yup add the card in the app!
I Recently applied Amex gold through referral and received 90K points + $200 statement credit which is way ahead of chase
Amex recently added Primary Auto rental car insurance, although I believe this was a targeted offer. I got this benefit on My Amex Everyday Preferred
You are not counting the $100 hotel credit that the gold gives on Hotel Collection. Haven't counted the $10/month gopuff credit for CSP. Also, if anyone has a an Amex corporate card, then the annual fee on the gold is just $150
I think I'll go with the CSP because the benefits that AMEX offer are only limited to $10 a month. That spread makes it seem like I'd have to stress regarding my due diligence of remembering my benefits in order for the card to pay off itself. Additionally, the CSP would be accepted at more locations, particularly internationally.
Is Amex Gold card actual Gold or is it just plastic and ink paint?
0:38. We’ll never know what part of this for the past 10 years….
I have both and love them! I do disagree with your conclusion though, mainly regarding the annual fee. Most people aren’t going to use the dining credits; I don’t actually have a handful of the dining credit options where I live, whereas a yearly hotel credit is much more practical in my opinion.
Exactly and on top of that it's a monthly limit and I don't everyone ears out every month.
Currently in AMEX Gold pop up jail. So would have to be the CSP. Question for later, I have the AMEX Plat, if I get the Gold also can you stack the Uber cash benefits?
Yes, in my experience having both, I get the $10 from the Gold and $15 from the Platinum totaling $25/month in Uber cash!
How does the Amex Gold and Platinum positively impact your credit score if they're both charge cards if it's not reporting utilization lol?
They report on-time payments.
Which card do you prefer? CSP or Gold. Or do we have a 3rd contender?
@@davidwilliam9451The card's trash as hell unless you pay a high-ass rent and if you do that you might have a mortgage and then they don't even do a mortgage card is kind of junk has a couple benefits but until they do mortgage and sub it's not really worth it. Really worth it for most people
I said gold is better because most people's purchasing is grocery and restaurant compared to the chase one but they're both fine reality. I think the best way is probably getting both or the chase card and savor
Venture X, although that probably competes more with the CSR & AmEx Plat
@@davidwilliam9451 that's only like 12000 a year on points that's not much honestly I thought the Walmart card was cancelled but I'd never buy food from Walmart their meat section is trash
@@davidwilliam9451 nice
I'm going with CSP because I've been in Amex pop up jail for the past three years.
Can you share other examples of good Hyatt redemption? You've mentioned the Secrets Moxche is multiple videos already.
Great question! I'd say most Hyatt redemptions that come in at 1.5 CPP are solid, and many do. Their all-inclusive resorts are the easiest to contextualize value for most people vs CPP.
3 months after this video was made I got preselected for both cards Amex giving 90000 points and chase 80000. I don’t eat out so it’s gonna be tough taking buy I’ll think about it before deciding
What did you decide?
Too many ads embedded in this. After a year I'm planning to ditch my Sapphire Preferred. It's not worth the annual fee. The benefits are surprisingly slim.
Thanks for this vid! I was between both and chose Amex. 90,000 bonus pts 🎉
I think that Amex cards are overall easier to get approved for, even if there's a few issues with your credit profile. And Chase seems to be pretty picky, using a 5/24 rule and whatnot. So I would chalk ease of approval up to Amex. Cool video though.
I have both and I plan to keep them forever 🤣
Will either of these Cards allow access to Airlines Lounges inside the Airports? Thank you
Nope!
I thought i got a good deal for pulling out chase for 80k points but a month later the 100k bonus was out there 😢.. i have both cards and personally like the chase card better for how i spend
as long as it works for you, that's all that matters! Annoying they did the switch from 80k to 100k so quick though!
Costco only takes Visa unfortunately
I still don't understand the hype over the CSP, especially being an owner of the Amex Gold. The CSP reward multipliers aren't great in my opinion but the main drawback that no one really cares about is the effective $45 dollar annual fee. I feel like people simple get the CSP simply to transfer their points to travel partners. Someone please enlighten me because I want to get into the Chase ecosystem but I simply do not see value in the CSP.
It’s all matter of perspective, I live in the suburbs and don’t / won’t ever use any of the Amex Golds monthly credits so the effective annual fee for me would be close to the full $250.
- the CSP is the best entry level travel card on the market!
Low AF, No FTF
Portal redemption makes it 3.75x on dining & 2.5x on travel
Excellent travel insurance & primary auto CDW
Can cash out at 1ct per pt if need be.