Long time no see folks! Today I will be talking about the big three $450 Annual Fee credit cards, American Express Platinum, Citi Prestige, and Chase Sapphire Reserve. Now the $450 AF might seem scary at first, but the benefits do outweigh the costs, as long as you have some $$ to spend. After all, you gotta spend money to make money. If you’ve done your home work researching credit cards, read my previous posts, and are ready for more, here’s a quick table comparing them three. Spoiler alert, don’t look at the picture above.
|Amex Plat||Citi Prestige||Chase Sapphire Reserve|
|Sign Up Bonus||40k MR points, but 50k if you get lucky or 100k if you get really lucky||40k TY points (used to be 50k last month but citi nerfed it)||50k|
|Spend Requirements||$3000 in first 3 months||$4000 in first 3 months (used to be $3000 last month, sigh)||$4000 in first 3 months|
|Category Bonus||1 point back on every dollar spend, lame||3x on air travel and hotels, 1x on everything else||3x on travel (land/air/sea, plus travel agencies like Orbitz), 3x on dining, 1x on everything else|
|Foreign Transaction Fee||0%||0%||0%|
|Annual Fee||$450||$450 (I managed to snag it for $350 last month at a branch without any citi gold accounts, depends on the branch really)||$450|
|Travel Credit (Resets every year)||$200 on one airline per year, and you can’t use it to pay for tickets, only for fees and such.||$250, works on all airline purchases including tickets||$300 for all sorts of travel, land/air/sea|
|Points Redemption Rate||1 cent per point if booking travel via their site||1.6 cents per point when redeeming for American Airlines Tickets, 1.33 per point for other airlines. Will be down to 1.25 for all airlines starting July 2017. fu citi||1.5 cents per point when or airfare, car rental, and hotels via the Chase site|
|Airline Mile Transfer Partners (1:1)||ANA, Singapore,AeroMexico, Air Canada, Alitalia, Cathay, Delta, Emirates, Air France/KLM, Hawaiian, Virgin America, Etihad||Singapore Airlines, Cathay, Virgin Atlantic, EVA, Quantas, Etihad, Garuda Indonesia, Malaysiua, Qatar, Thai Airways, Air France/KLM||United, Southwest, British Airways, Korean Air, Virgin Atlantic, Air France/KLM, Singapore KrisFlyer|
|Hotel Transfer Partners||SPG (at 3 : 1 tatio lmao), Hilton ( 1.5 : 1), and Choice (1:1)||Hilton (1:1.5)||Hyatt, Marriott, Ritz, Prority Club, IHG all at 1:1.|
|Lounge Access||Priority Pass (guests cost $27), Amex Centurion, Delta if you are flying Delta||Priority pass (2 guests free), Admiral lounge if you are flying AA (Not applicable for new applicants)||Priority pass (unlimited guests free)|
|Global Entry||$100 credit per 5 years||$100 credit per 5 years||$100 credit per 5 years|
|Other Benefits||Shoprunner (available on other Amex cards), Free land boingo (in-flight Boingo not included)||Fourth night of hotel Free, no matter the cost. (downgrading to reimbursing the the average cost of 4 nights minus taxes in July 2017)||n/a|
|Hotel Status||Hilton Gold, SPG Gold||n/a||n/a|
|Car Rental Status||Avis Preferred, Hertz Gold Plus(Five Star if you status match), National Car Rental Emerald||National Car Rental Emerald, Avis Preferred Plus, Alamo||National Car Rental Emerald,Avis Preferred|
In my opinion, The Chase Sapphire Reserve is a no brainer, as it has superior Airline/hotel transfer partners, great 1.5 cents per point redemption rate for tralve, the best travel credit at $300 per year, the best category spending bonus out of the three, and the MONSTROUS 100k Signup Bonus. (Though to be honest I might keep my $350 AF Citi Prestige in the long run since it can get my SO into lounges for free). Amex plat is basically only good for hotel/car rental status and Centurion lounge access.
Application link: https://www.referyourchasecard.com/19/0C7YELK8R4 (it’s a referral link)
After you get the CSR, also get the Chase Freedom and the Freedom Unlimited to compliment it, as you can transfer UR points from those cards to CSR to take advantage of the 1.5 cpp transfer and all the airline partners.
One thing to note is the 5/24 rule, so if you have been a good Bargain Hunta and applied to 5 or more credit cards in the last 2 years, you’re screwed and can’t get a CSR. Chase also recently made it so that you can only get one Sapphire card every 24 months, so if you applied for a Chase Sapphire Preferred in the last 24 months, you are SOL.