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Chase Sapphire Preferred vs American Express Gold review – 8 ways it trumps

by on Wed September 14, 2011 • 2 Comments

Chase’s Sapphire Preferred® Card is aimed straight at owners of the long loved American Express Gold Card®. People like the American Express cards for the ‘Membership Rewards’ program that lets you transfer them into the miles of several airlines at 1:1, as well as a large assortment of gift cards. What you might not know is that Chase allows 1:1 mile transfers as well via its Ultimate Rewards program, including United Airlines — and it now offers 2x points on all dining and travel purchases, with no foreign transaction fees and a lower annual fee.

Looking at the table below you’ll see at least 8 ways the Sapphire Preferred® Card has better features…

CardAmerican Express GoldChase Sapphire PreferredAdvantage
EarningRegular: 1 point/$; Premier Rewards: 3x airfare, 2x gas/groceries, 1x all else2x dining and travel, 1x all elseChase
Annual bonusPremier Rewards: 15,000 points after $30,000 in spending7% annual bonus on all points earned (even if you spent them during the year)Similar
Car rental insuranceYes, secondary coverageYes, secondary coverageSimilar
Foreign transaction fee3% of purchasesNo feeChase
Lost baggage insuranceYes, up to $500 checked, $1,250 carry-onYes, up to $3,000Chase
1:1 Point transferDelta, Air Canada, British Airways, Virgin Atlantic, JetBlue, Air France / KLM, AeroMexico, ANA, ElAl, Hawaiian, Iberia, and Singapore Airlines. Hotels include Hilton and ChoiceUnited, British Airways, Amtrak, Hyatt, Marriott, IHG Rewards, Korean Airlines, Virgin Atlantic, Singapore AirlinesSimilar
Purchase protectionYes, up to $1,000 per claimYes, up to $500 per claimAmex
Return protectionYes, up to $300 per item, $1,000 per yearYes, up to $500 per item, $1,000 per yearChase
Travel accident insurance$250,000 $500,000 Chase
Trip Delay InsuranceNo - must pay extra feeYes, up to $300 for 18 hour+ delays. $100/day for baggage delays up to 5 days.Chase
Warranty extensionYes, up to 1 yearYes, up to 1 yearSimilar

Chase is the only way to earn United miles at full value via credit card spend. All of Chase Sapphire Preferred® Card’s travel partners offer 1:1 transfer to mileage accounts and of course you can redeem your Ultimate Rewards points for hundreds of gift cards or merchandise, just as you can with American Express Membership Rewards.

Now American Express has some perks like better seating at some Broadway shows and well regarded customer service, but we think Chase is trying very hard to win market share and will continue offering new benefits and place hard emphasis on customer service.

Old habits are hard to break, but breaking this one could earn you more points and save you more money with better benefits. It’s a consumer’s market for premium credit cards right now.







Chase Sapphire Preferred® Card

Miles dont expireas long as card is open
Learn more

Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee, then $95

Annual Fee


Foreign Transaction Fee Waived


Points Can Transfer to Airline Miles ?

Still confused? Have a question?

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"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."

2 thoughts on Chase Sapphire Preferred vs American Express Gold review – 8 ways it trumps


    can I use the membership points for travel with carriers such as Delta air?
    Which gives better rewards for travel( airfare, hotels?) It looks like it’s AMEX, depending on the partner, but will Chase allow for ANY hotel/ airline?
    Is the AMEX card you are referencing now called the PLATINUM, which costs $400/yr?


      @James – Yes you can transfer Amex points into Delta miles anytime.

      Amex will also let you book most airlines if you choose to use the Amex travel website.

      As for this Amex Gold – it still exists at $195 a year, and is separate from the PLATINUM, which offers lounge access and 5x points on airfare.


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