Best Credit Card Rewards Program: Chase Ultimate Rewards vs. American Express Membership Rewards

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

American Express Membership Rewards and Chase Ultimate Rewards are two of the most popular rewards programs, and for good reason. Both offer high-value points that are incredibly flexible, saving frequent travelers hundreds — and sometimes thousands — of dollars per year.

Both of these rewards programs use points that can be accumulated through their respective rewards credit cards and redeemed for a wide variety of items, with a focus on travel. These programs also allow you to transfer your points to a long list of travel partners.

In addition to regular rewards credit cards, both American Express and Chase have premium travel credit cards that give you access to additional travel perks and protections and the ability to earn rewards faster. American Express offers The Platinum Card® from American Express, while Chase offers the Chase Sapphire Reserve®; with either, you’ll get airport lounge access, travel credits and certain forms of insurance when you travel.

At first glance, the AmEx and Chase rewards programs might appear virtually identical. However, they have key differences in redemption options, point value, credit cards and travel perks. Here’s everything you need to know in order to compare AmEx versus Chase rewards.

Note that terms apply to American Express credit card offers. See americanexpress.com for more information.

AmEx vs. Chase: How much their points are worth

The value of AmEx and Chase points will vary widely depending on how you redeem them. Overall, Chase points are worth slightly more than AmEx points. This is largely because the value of travel portal redemptions — usually the easiest and most common way to redeem — is much higher for Chase’s Ultimate Rewards program than it is for the AmEx Membership Rewards program.

If you’re desperate to redeem your points and don’t have any travel planned, you’ll earn 1.0 cents per point from Chase by redeeming for gift cards, cash back or paying with online checkout, whereas you’ll often only get 0.5 cents to 0.7 cents per point by redeeming AmEx points that way.

AmEx point valueChase point value
Travel portal redemptions0.7 to 1.0 cent each1.25 to 1.5 cents each
Transfer redemptions1.0 to 5.0 cents each1.0 to 4.0 cents each
Gift card redemptions0.5 to 1.0 cent each1.0 to 1.1 cents each
Pay with points at checkout0.7 cents each0.8 cents each with Amazon, 1.0 cent each with Apple
Cash-back redemptions0.6 cents each1.0 cents each
Shopping portal0.5 cents eachN/A
ExperiencesN/A1.0 cent each
Average value1.75 cents each2.0 cents each

The one area where AmEx points shine is transfer redemptions. Both Chase and AmEx offer a long list of transfer partners, but the list is longer for AmEx, and you can take advantage of promotions that give you bonuses on transfers to certain partners.

Redemption options

While Chase offers a better overall value than AmEx, the actual value you’ll get depends on how you redeem your points as well as how and where you prefer to travel. Here, we’ll go into detail comparing each of the AmEx vs. Chase redemption options.

AmEx Membership Rewards redemption options

The American Express Membership Rewards portal offers many of the same redemption options as Chase Ultimate Rewards.

American Express portal
Screenshot taken from the Amex website, August 2019

1. Pay with points at checkout

AmEx lets you pay with your points at checkout while shopping at a wide variety of online retailers. These include Amazon, Best Buy, Expedia, GrubHub, NYC Taxi, Rite Aid, Saks Fifth Avenue, Staples, Ticketmaster, Walmart and more.

This option is convenient: If you link your Membership Rewards account to your Amazon account, for example, you can automatically pay with your AmEx points every time you shop on Amazon. However, the value you’ll earn is very low, at 0.7 cents per point.

AmEx rewards points
Screenshot taken from the American Express website, August 2019

2. Gift cards

You can also redeem your AmEx points for gift cards, but again, you’ll generally get the low value of 0.7 cents to 1.0 cent per point when doing so. At the time of writing this, you’ll need 5,000 points for a $50 gift card to places like Ruth’s Chris Steak House and Crate & Barrel, making each point worth 1.0 cent. However, you’ll need 7,143 points for a $50 gift card to Target, making each point worth just 0.7 cents. You can also redeem your points for American Express gift cards, but you’ll only get 0.5 cents per point for that redemption.

Redeeming points for gift cards
Screenshot taken from the American Express website, August 2019

3. Cover your card charges

This option functions like cash back — you can select recent charges and cover them using points, essentially erasing them from your bill. But while this is the most flexible redemption option, it is also one of the lowest values, as each point will only be worth 0.6 cents. For example, you would need 1,667 points just to cover a $10 charge.

Covering card charges with American Express points
Screenshot taken from the American Express website, August 2019

4. Booking travel

Both AmEx and Chase allow you to use your points to book travel through their travel portals at a standard rate of 1.0 cent per point. In reality, though, these redemptions offer significantly less value with AmEx points than they do with Chase points.

AmEx offers a standard redemption rate of 1.0 cent per point, but it only applies to flights. You’ll only get 0.7 cents per point when redeeming for hotels, rental cars and cruises. You also won’t have as many options with the AmEx travel portal, which doesn’t include activities and tours.

Booking travel on the American Express portal
Screenshot taken from the American Express website, August 2019

5. Transfer points

AmEx has the same number of hotel transfer partners as Chase, but more airline partners. In total, AmEx lets you transfer your Membership Rewards points to 19 different airlines and three hotel partners. The standard rate for most of these partners is 1:1 — however, there are a few exceptions, and AmEx regularly runs promotions that boost your transfer rate for certain partners. All of this is explained in detail in the section below on transfer partners.

American Express Travel Partners
Airline partners
  • Aer Lingus
  • Aeromexico
  • Air Canada
  • ANA (All Nippon Airways)
  • Avianca
  • Alitalia
  • British Airways Executive Club
  • Cathay Pacific (Asia Miles)
  • Delta SkyMiles
  • El Al
  • Emirates Skywards
  • Etihad Guest
  • Flying Blue (Air France/KLM)
  • Hawaiian Airlines
  • Iberia Plus
  • JetBlue
  • Qantas
  • Singapore Airlines KrisFlyer
  • Virgin Atlantic Flying Club
Hotel partners
  • Choice Privileges Rewards
  • Hilton Honors
  • Marriott Bonvoy

6. Shop with points

If you want to shop for products with your points through the Membership Rewards portal, you’ll only get 0.5 cents per point, making it the lowest value redemption. The catalog offers a wide range of items from clothing and electronics to appliances and home goods. The redemption value is low, but AmEx runs promotions occasionally for more valuable redemptions — at the time of writing, they’re offering 25% off select back-to-school items. That being said, you’d still only get 0.67 cents per point.

Chase Ultimate Rewards redemption options

Chase offers very similar redemption options to AmEx. But while Chase doesn’t have a product catalog like AmEx, it does allow you to redeem points for experiences such as concerts and exclusive events.

Chase Ultimate Rewards portal
Screenshot taken from the Chase Ultimate Rewards portal, August 2019

1. Amazon and Apple

Much like the AmEx option of paying with points at checkout, Chase allows you to pay with your points for Amazon and Apple purchases. You’ll get 0.8 cents per point when you pay on Amazon with Chase points, and with Apple, you’ll get 1.0 cent per point.

Shop Apple on Ultimate Rewards
Screenshot taken from the Chase website, August 2019

2. Cash back

Chase offers a much better cashback redemption rate of 1.0 cent per point. While this isn’t a great value compared to travel redemptions, it’s nice to have this option in the event you need to redeem your points and don’t want to make any travel purchases. You can redeem your points for a statement credit or have the cash back deposited into a bank account.

Redeeming Ultimate Rewards for cash back
Screenshot taken from the Chase website, August 2019

3. Experiences

You’ll also get a value of 1.0 cent per point when you redeem your points for experiences, which include VIP tickets, concerts, private dinners, exclusive access to sporting events and more.

4. Gift cards

Chase points get a higher value on gift card redemptions of 1.0 cent per point. Featured gift cards frequently come with a 5% or 10% discount, meaning you can get up to 1.1 cents per point. The Ultimate Rewards portal offers gift cards for most major retailers, such as Sephora, iTunes, Target, Starbucks and Best Buy.

5. Transfer points

Chase lets you transfer your Ultimate Rewards points to a list of 10 airlines and three hotel partners at a 1:1 rate. Unlike AmEx, Chase doesn’t run regular promotions that boost your transfer rate with certain partners.

Chase
Airline partners
  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue (Air France/KLM)
  • Iberia Plus
  • JetBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United Airlines MileagePlus
  • Virgin Atlantic Flying Club
Hotel partners
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

6. Booking travel

The Chase Ultimate Rewards travel portal offers more value per point and a wider range of redemption options than AmEx. The value you get by booking travel through the Chase portal will depend on which Chase credit card you have.

CardPoint value
Chase Sapphire Preferred® Card1.25 cents per points
Chase Sapphire Reserve®1.5 cents per point
Ink Business Preferred℠ Credit Card1.25 cents per points

In addition to booking flights, hotels, rental cars and cruises at these values, you can also book vacation rentals and activities. The activities section includes everything from tours and attraction passes to shuttles and day trips.

Transfer partners

AmEx and Chase rewards both offer the ability to transfer your points to airline and hotel loyalty programs. There’s a little overlap, but for the most part, the list of transfer partners is different between the two programs, as is the transfer rate.

AmEx transfer partnersChase transfer partners
AirlinesAirlines
Aer Lingus: 1:1Aer Lingus: 1:1
AeroMexico 1:1.6Air France KLM Flying Blue 1:1
Air Canada 1:1British Airways 1:1
Air France KLM Flying Blue 1:1Emirates 1:1
Alitalia 1:1Iberia Plus 1:1
All Nippon Airways 1:1JetBlue 1:1
Avianca 1:1Singapore Airlines 1:1
British Airways 1:1Southwest Airlines 1:1
Cathay Pacific 1:1United Airlines 1:1
Delta Air Lines 1:1Virgin Atlantic Airways 1:1
El Al Israel Airlines 50:1Hotel partners
Emirates 1:1IHG Rewards Club 1:1
Etihad Airways 1:1Marriott Bonvoy 1:1
Hawaiian Airlines 1:1World of Hyatt 1:1
Iberia Plus 1:1 (currently 1:1.4)
JetBlue 2.5:2
Qantas 1:1
Singapore Airlines 1:1
Virgin Atlantic Airways 1:1
Hotel partners
Choice Privileges Rewards 1:1
Hilton Honors 1:2
Marriott Bonvoy 1:1

As you can see, AmEx offers a significantly longer list, including most of Chase’s airline partners. The AmEx rewards program includes Delta Air Lines, which offers high-value redemptions and gets you access to SkyTeam airlines, as well as a few airlines that offer some of the best business class products in the industry at a great value, in ANA, Cathay Pacific and Emirates. You also have Avianca, which means you can book with Star Alliance airlines.

However, Chase’s transfer partners include Southwest Airlines and United Airlines, which do add value to the Chase rewards program. Southwest miles are worth quite a bit, and United miles can be easily redeemed with a long list of Star Alliance and other partner airlines.

When it comes to hotel partners, both AmEx and Chase offer three. Generally speaking, though, you get less value from transferring to hotel partners than airline partners. If you need a few thousand extra points to redeem for a hotel stay, it isn’t a bad option. However, transferring a large quantity of Membership Rewards or Ultimate Rewards can significantly reduce their value.

In general, both programs offer a standard transfer rate of 1:1 for the majority of their partners, though AmEx’s promotions make many of their transfers more valuable. AmEx offers these promotions regularly, while Chase does so very rarely.

Overall, AmEx comes out slightly ahead of Chase when it comes to transfer partners — not only does AmEx offer a much longer list of partners, but its promotions offer more value.

Earning points with AmEx vs. Chase credit cards

Both AmEx and Chase offer a range of credit cards, from basic to premium, that help you earn points. However, Chase credit cards tend to offer bigger sign-up bonuses and higher rewards rates, making Chase points easier to accumulate than AmEx points.

Top AmEx rewards credit cards

American Express® Gold Card

$250

See Rates & Fees

Good/Excellent

  • Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points when you dine at restaurants worldwide. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
{"annualFee":"$250","apr":"See Rates & Fees","bannerDisclaimers":["\u003Ca class=\"ShortcodeLink--root AffiliateBanner--disclaimer-link\" rel=\"nofollow noopener\" target=\"_blank\" title=\"See Rates & Fees\" href=\"https:\/\/www.americanexpress.com\/us\/credit-cards\/card-application\/apply\/prospect\/terms\/gold-card\/26129-10-0\/#terms-details?print\"\u003ESee Rates & Fees.\u003C\/a\u003E Terms Apply.","On American Express' Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1565017828\/e14a1f80-56ed-11e9-8567-cdfc14c95d1a_vluzjz.png","creditNeeded":"Good\/Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 35,000 Membership Rewards\u00ae points after you spend $4,000 on eligible purchases with your new Card within the first 3 months. \u003C\/li\u003E\u003Cli\u003EEarn 4X Membership Rewards\u00ae points when you dine at restaurants worldwide. Earn 4X Membership Rewards\u00ae points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards\u00ae points on flights booked directly with airlines or on amextravel.com. \u003C\/li\u003E\u003Cli\u003EEarn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth\u2019s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required. \u003C\/li\u003E\u003Cli\u003E$100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline. \u003C\/li\u003E\u003Cli\u003EChoose to carry a balance with interest on eligible charges of $100 or more. \u003C\/li\u003E\u003Cli\u003ENo Foreign Transaction Fees. \u003C\/li\u003E\u003Cli\u003EAnnual Fee is $250. \u003C\/li\u003E\u003Cli\u003ETerms Apply.\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/13?url=\/travel\/best-credit-cards-rewards-programs","name":"American Express\u00ae Gold Card"}

The Platinum Card® from American Express

$550

N/A

Good/Excellent

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts® program at over 1,000 properties. Learn More.
  • $200 Airline Fee Credit, up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
{"annualFee":"$550","apr":"N\/A","bannerDisclaimers":["\u003Ca class=\"ShortcodeLink--root AffiliateBanner--disclaimer-link\" rel=\"nofollow noopener\" target=\"_blank\" title=\"See Rates & Fees\" href=\"https:\/\/www.americanexpress.com\/us\/credit-cards\/card-application\/apply\/prospect\/terms\/platinum-charge-card\/28009-10-0\/#FeeTable\"\u003ESee Rates & Fees.\u003C\/a\u003E Terms Apply.","On American Express' Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1555427770\/platinum-card_1_gufy9n.png","creditNeeded":"Good\/Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 60,000 Membership Rewards\u00ae points after you use your new Card to make $5,000 in purchases in your first 3 months. \u003C\/li\u003E\u003Cli\u003EEnjoy VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only. \u003C\/li\u003E\u003Cli\u003E5X Membership Rewards\u00ae points on flights booked directly with airlines or with American Express Travel. \u003C\/li\u003E\u003Cli\u003E5X Membership Rewards points on prepaid hotels booked on amextravel.com. \u003C\/li\u003E\u003Cli\u003EEnjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world. \u003C\/li\u003E\u003Cli\u003EReceive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts\u00ae program at over 1,000 properties. Learn More. \u003C\/li\u003E\u003Cli\u003E$200 Airline Fee Credit, up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline. \u003C\/li\u003E\u003Cli\u003EGet up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card\u00ae. That's up to $50 in statement credits semi-annually. Enrollment required. \u003C\/li\u003E\u003Cli\u003E$550 annual fee. \u003C\/li\u003E\u003Cli\u003ETerms Apply.\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star-half-o\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/12?url=\/travel\/best-credit-cards-rewards-programs","name":"The Platinum Card\u00ae from American Express"}

American Express® Blue Business Cash Card

No annual fee

13.24% - 19.24% Variable

Good/Excellent

  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% - 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
{"annualFee":"No annual fee","apr":"13.24% - 19.24% Variable","bannerDisclaimers":["\u003Ca class=\"ShortcodeLink--root AffiliateBanner--disclaimer-link\" rel=\"nofollow noopener\" target=\"_blank\" title=\"See Rates & Fees\" href=\"https:\/\/www.americanexpress.com\/us\/credit-cards\/card-application\/apply\/prospect\/terms\/bluebusinesscash-credit-card\/42732-9-0#offer-terms?key=tncBody&rwdFlag=rwd\"\u003ESee Rates & Fees.\u003C\/a\u003E Terms Apply.","On American Express' Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1573144372\/Blue_Business_vj7zhi.jpg","creditNeeded":"Good\/Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.\u003C\/li\u003E\u003Cli\u003EFrom workflow to inventory to floor plans, your business is constantly changing. That\u2019s why you\u2019ve got the power to spend beyond your credit limit with Expanded Buying Power.\u003C\/li\u003E\u003Cli\u003EJust remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.\u003C\/li\u003E\u003Cli\u003E0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% - 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.\u003C\/li\u003E\u003Cli\u003ENo Annual Fee\u003C\/li\u003E\u003Cli\u003ETerms Apply\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star-half-o\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/1674?url=\/travel\/best-credit-cards-rewards-programs","name":"American Express\u00ae Blue Business Cash Card"}

Chase rewards credit cards

Chase Sapphire Preferred® Card

  • On Chase's Secure Website

$95

15.99% - 22.99% Variable

Excellent

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
{"annualFee":"$95","apr":"15.99% - 22.99% Variable","bannerDisclaimers":["On Chase's Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1553009969\/SapphirePreferred_600x375_hhwls7.png","creditNeeded":"Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®\u003C\/li\u003E\u003Cli\u003E2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.\u003C\/li\u003E\u003Cli\u003EGet 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel\u003C\/li\u003E\u003Cli\u003EGet unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12\/31\/21.\u003C\/li\u003E\u003Cli\u003EEarn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/196?url=\/travel\/best-credit-cards-rewards-programs","name":"Chase Sapphire Preferred\u00ae Card"}

Chase Sapphire Reserve®

  • On Chase's Secure Website

$550

16.99%-23.99% Variable

Excellent

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.
{"annualFee":"$550","apr":"16.99%-23.99% Variable","bannerDisclaimers":["On Chase's Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1557155600\/Chase_Saaphire_Reserve_card_art_hsubpf.png","creditNeeded":"Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®\u003C\/li\u003E\u003Cli\u003E$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year\u003C\/li\u003E\u003Cli\u003E3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.\u003C\/li\u003E\u003Cli\u003EGet 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel\u003C\/li\u003E\u003Cli\u003E1:1 point transfer to leading airline and hotel loyalty programs\u003C\/li\u003E\u003Cli\u003EAccess to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select\u003C\/li\u003E\u003Cli\u003EUp to $100 application fee credit for Global Entry or TSA Pre✓®\u003C\/li\u003E\u003Cli\u003EOne Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12\/31\/21.\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/1095?url=\/travel\/best-credit-cards-rewards-programs","name":"Chase Sapphire Reserve\u00ae"}

AmEx welcome offers vs. Chase sign-on bonuses

AmEx welcome offerChase sign-on bonus
American Express® Gold Card - Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.Chase Sapphire Preferred® Card - Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
The Platinum Card® from American Express - Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.Chase Sapphire Reserve® - Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Ink Business Preferred℠ Credit Card - Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

Chase offers more generous sign-up bonuses than AmEx, making Chase points much easier to accumulate. The sign-up bonus on the Ink Business Preferred℠ Credit Card is arguably the highest-value sign-up bonus of any rewards credit card on the market.

AmEx vs. Chase rewards rate

AmEx tends to offer a higher rewards rate on bonus categories, but its bonus categories are also more narrow. For example, you’ll get 3 to 4 points per dollar spent in the bonus categories on the American Express® Gold Card and 5 points per dollar in the bonus categories on The Platinum Card® from American Express. The Chase Sapphire Preferred® Card’s bonus categories offer just 2 points per dollar spent, and the Chase Sapphire Reserve® and Ink Business Preferred℠ Credit Card offer 3 points per dollar on bonus spending categories.

The American Express® Gold Card offers a bonus on dining worldwide, but supermarket purchases only receive a bonus within the U.S., and both the American Express® Gold Card and The Platinum Card® from American Express only award flights and hotels booked directly or through the AmEx Travel website.

On the other hand, Chase’s Ultimate Rewards credit cards offer bonus points on all travel spending worldwide, including flights, hotels, rental cars, tours and many forms of transportation, regardless of whether or not you book directly. You’ll also earn bonus points on dining worldwide.

Referral bonuses

ChaseAmEx
Earn 15,000 bonus points for each Chase Sapphire Preferred® Card referral, up to 75,000 points per yearEarn 15,000 bonus points for each The Platinum Card® from American Express referral, up to 55,000 points per year
Earn 20,000 bonus points for each Chase Ink Business Preferred℠ Credit Card referral, up to 100,000 points per year

Both AmEx and Chase have refer-a-friend programs that award you bonus points each time a person you refer is approved for one of their rewards credit cards. Chase’s refer-a-friend offer is slightly more generous than AmEx’s offer; however, Chase doesn’t currently offer a referral program for the Chase Sapphire Reserve®.

The Platinum Card® from American Express vs. Chase Sapphire Reserve®

You’ll get other perks and benefits from AmEx and Chase credit cards aside from just earning points. The two cards stacked with the most perks are the issuers’ premium travel credit cards: The Platinum Card® from American Express and the Chase Sapphire Reserve®. Here’s how they compare.

American Express® Gold Card

$250

See Rates & Fees

Good/Excellent

  • Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points when you dine at restaurants worldwide. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
{"annualFee":"$250","apr":"See Rates & Fees","bannerDisclaimers":["\u003Ca class=\"ShortcodeLink--root AffiliateBanner--disclaimer-link\" rel=\"nofollow noopener\" target=\"_blank\" title=\"See Rates & Fees\" href=\"https:\/\/www.americanexpress.com\/us\/credit-cards\/card-application\/apply\/prospect\/terms\/gold-card\/26129-10-0\/#terms-details?print\"\u003ESee Rates & Fees.\u003C\/a\u003E Terms Apply.","On American Express' Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1565017828\/e14a1f80-56ed-11e9-8567-cdfc14c95d1a_vluzjz.png","creditNeeded":"Good\/Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 35,000 Membership Rewards\u00ae points after you spend $4,000 on eligible purchases with your new Card within the first 3 months. \u003C\/li\u003E\u003Cli\u003EEarn 4X Membership Rewards\u00ae points when you dine at restaurants worldwide. Earn 4X Membership Rewards\u00ae points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards\u00ae points on flights booked directly with airlines or on amextravel.com. \u003C\/li\u003E\u003Cli\u003EEarn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth\u2019s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required. \u003C\/li\u003E\u003Cli\u003E$100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline. \u003C\/li\u003E\u003Cli\u003EChoose to carry a balance with interest on eligible charges of $100 or more. \u003C\/li\u003E\u003Cli\u003ENo Foreign Transaction Fees. \u003C\/li\u003E\u003Cli\u003EAnnual Fee is $250. \u003C\/li\u003E\u003Cli\u003ETerms Apply.\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/13?url=\/travel\/best-credit-cards-rewards-programs","name":"American Express\u00ae Gold Card"}

Chase Sapphire Reserve®

  • On Chase's Secure Website

$550

16.99%-23.99% Variable

Excellent

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.
{"annualFee":"$550","apr":"16.99%-23.99% Variable","bannerDisclaimers":["On Chase's Secure Website"],"buttonColor":"fuchsia","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","context":" in context: Banner","className":"AffiliateBanner--context-credit-card","cloudinaryImageName":"v1557155600\/Chase_Saaphire_Reserve_card_art_hsubpf.png","creditNeeded":"Excellent","creditNeededTooltip":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions.","details":"\u003Cul\u003E\u003Cli\u003EEarn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®\u003C\/li\u003E\u003Cli\u003E$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year\u003C\/li\u003E\u003Cli\u003E3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.\u003C\/li\u003E\u003Cli\u003EGet 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel\u003C\/li\u003E\u003Cli\u003E1:1 point transfer to leading airline and hotel loyalty programs\u003C\/li\u003E\u003Cli\u003EAccess to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select\u003C\/li\u003E\u003Cli\u003EUp to $100 application fee credit for Global Entry or TSA Pre✓®\u003C\/li\u003E\u003Cli\u003EOne Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12\/31\/21.\u003C\/li\u003E\u003C\/ul\u003E","hideTitle":false,"editorRating":"\u003Cdiv class=\"StarRating--root\"\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003Ci class=\"FontAwesome--root fa fa-star\" aria-hidden=\"true\"\u003E\u003C\/i\u003E\u003C\/div\u003E","editorRatingTooltip":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers.","featuredTitle":"","imageURL":"","isUnavailable":false,"link":"\/redirect\/credit-cards\/1095?url=\/travel\/best-credit-cards-rewards-programs","name":"Chase Sapphire Reserve\u00ae"}

Airport lounge access

Both The Platinum Card® from American Express and the Chase Sapphire Reserve® offer complimentary airport lounge access through the Priority Pass program. While both cards offer a free Priority Pass Select membership, there are some differences between the two programs.

The Platinum Card® from American Express includes access to the Global Lounge Collection, which includes more than 1,200 lounges in 130-plus countries. AmEx lounge access includes a few types of lounges you can’t access with the Chase Sapphire Reserve®: AmEx Centurion Lounges, International American Express Lounges and Delta SkyClub Lounges if you’re flying with Delta. Centurion Lounges are known for being particularly luxurious, but the Centurion network is also limited to just 11 locations. Additionally, there are only 10 International American Express lounges, and all of them are outside of the U.S.

The Chase Sapphire Reserve®, on the other hand, gets you access to restaurants in the Priority Pass collection, a benefit that was eliminated from American Express cardholders in 2019. This used to be the only difference until American Express eliminated restaurant credits with Priority Pass for AmEx cardholders. Chase Sapphire Reserve® cardholders now have an advantage when traveling through the U.S. where it can be hard to find a lounge. The restaurant credits program gives Chase Sapphire Reserve® cardholders up to two $28 restaurant credits (one for the cardholder, one for a travel companion) at nearly 50 airport restaurants around the world.

If you like to dine out and you travel within the U.S. often, the Chase Sapphire Reserve® might offer better airport lounge perks. On the other hand, frequent international travelers and Delta flyers will probably get more use out of The Platinum Card® from American Express’s airport lounge benefit.

Travel credits

The Chase Sapphire Reserve® is the clear winner when it comes to the annual travel credits offered by the two cards. Chase offers a $300 annual travel credit that can be used on a huge range of travel-related purchases, including flights, hotels, rental cars, tours, cruises, transportation, tollways and parking lots. Almost anyone should be able to take full advantage of this perk.

The travel credits offered by The Platinum Card® from American Express are far more confusing and difficult to use. The Uber credit has a potential annual value of $200. However, you only get $15 per month, with an extra $20 in December. On top of that, it only works for Uber rides within the U.S.

The card’s airline fee credit is also notoriously difficult to use. You can only spend it on one preselected airline that you choose at the beginning of each year from a list of nine major U.S. carriers. In addition, the credit doesn’t apply to airfare, gift cards upgrades or the purchase of airline miles. It only applies to incidental fees charged separately from your airline ticket, such as checked bags, change fees, seat assignment fees (if reserved separately from when you purchase the flight), airport lounge passes and in-flight amenities. While a frequent traveler could probably find a way to use up this credit each year, the Chase Sapphire Reserve® travel credit is much easier to use.

Travel insurance

The Chase Sapphire Reserve® offers extensive travel insurance, including an emergency medical/dental benefit, medical evacuation coverage, trip cancellation and interruption protection, trip delay reimbursement and lost or delayed baggage insurance. The limits are generous for each of these benefits, which is enough reason to book your flights and hotels using the Chase Sapphire Reserve®.

The Platinum Card® from American Express as of Jan. 1, 2020, also offers comprehensive travel insurance, including trip cancellation and interruption insurance, trip delay insurance, travel accident insurance and lost luggage protection. Each of these coverages are incredibly helpful in case your travels become derailed.

Between the two, the coverages are nearly identical. Here is the breakdown of each policy and what they cover.

CoverageThe Platinum Card® from American ExpressChase Sapphire Reserve®
Rental car insuranceCoverage is secondary to your primary car insurance policy, and it covers up to $75,000 for damage or theft of a rental vehicle.Coverage is primary and provides reimbursement up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad.
Delayed baggageNoneReimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier, up to $100 a day for 5 days.
Lost luggageUp to $3,000 per covered person, for lost luggageUp to $3,000 per covered person for lost or damaged luggage.
Trip delay protectionUp to $500 per covered trip when travel is delayed more than 6 hoursUp to $500 per ticket when travel is delayed more than 6 hours or requires an overnight stay
Travel accident insuranceUp to $500,000 in coverageUp to $1,000,000 in coverage
Trip cancellation & interruption insuranceUp to $10,000 per covered trip and $20,000 per eligible card per 12 consecutive month period.Up to $10,000 per person and $20,000 per trip

Final take

There’s no clear winner when it comes to AmEx vs. Chase. The right rewards program for you will depend on your travel and spending habits.

Chase points are worth more than AmEx points on average, its travel portal offers a wider range of redemption options and its perks and benefits — from the annual travel credit to travel protections — are generally easier to use. Chase points are also significantly easier to stockpile than AmEx points, which makes Chase an excellent option for beginners and advanced rewards junkies alike.

However, plenty of experienced credit card points collectors will find more value in AmEx points, particularly those who enjoy premium international travel. AmEx’s long list of transfer partners is particularly attractive if you’re familiar with the details of more obscure rewards programs like Avianca and ANA. The card also comes with some fun luxury perks, like access to Centurion and American Express lounges.

In the end, these are two of the best rewards programs out there. Both offer points that are high in value and extremely flexible. Whichever program you choose, you’re bound to save a significant amount of money on travel.

The information related to the Ink Business Preferred℠ Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Elizabeth is a personal finance writer specializing in credit cards, student loans, financial planning, and small business. Her work has appeared on The Motley Fool, Business Insider, Yahoo! Finance, and Bankrate. She’s an avid credit card points collector and ex-business traveler who now enjoys frequent trips abroad for leisure.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).