Up to $300 Jan–Jun and $300 Jul–Dec ($600/yr) on prepaid Fine Hotels + Resorts or The Hotel Collection bookings via Amex Travel (THC needs 2+ nights).
Twice a yearVerified
Effective annual fee
What it really costs
The sticker fee is what the card charges. The effective annual fee is what it costs — after the statement credits you would actually use.
PrimaryLower for you
The Platinum CardAmerican Express
Annual fee$895
At face value, used in full−$2,099.40
Your effective fee−$602.20
Estimate — every credit set to Maybe
Compared against
Sapphire ReserveChase
Annual fee$795
At face value, used in full−$1,175
Your effective fee−$190
Estimate — every credit set to Maybe
Which credits count
Answer once per credit, on both cards
Nobody uses every credit. Pick a category, see both cards side by side, and mark what you would use — the effective annual fee above recomputes against your answers, not the issuer's best case.
Which credits you'd actually use
Travel
Hotel, airline and portal credits.
The Platinum Card$800
Up to $200/yr in incidental fees with one selected airline. Enrollment + airline selection required.
YearlyEnroll firstVerifiedSapphire Reserve$800
$250 Jan–Jun and $250 Jul–Dec on prepaid The Edit hotel bookings (2-night min).
Twice a yearVerified$300/yr automatic credit on travel purchases.
YearlyVerifiedDining
Restaurants, delivery and grocery credits.
The Platinum Card$400
Up to $100/quarter ($400/yr) at U.S. Resy restaurants. Enrollment required.
QuarterlyEnroll firstVerifiedand nothing else — Sapphire Reserve carries 1 more here
Sapphire Reserve$600
$150 Jan–Jun and $150 Jul–Dec at Sapphire Reserve Exclusive Tables restaurants.
Twice a yearVerified$5 monthly DoorDash promo + two $10 promos with DashPass (complimentary through 2027; activate).
MonthlyEnroll firstVerifiedTransit
Rides, transit passes and parking.
The Platinum Card$300
$15/month in Uber Cash, $35 in December ($200/yr total). Add the card in the Uber app.
MonthlyEnroll firstVerifiedCovers an auto-renewing Uber One membership (up to $120/yr). Enrollment required.
YearlyEnroll firstVerifiedSapphire Reserve$120
Up to $10/month in Lyft in-app credit (through Sept 2027).
MonthlyVerifiedand nothing else — The Platinum Card carries 1 more here
Wellness
Gyms, studios and wellness memberships.
The Platinum Card$500
Up to $300/yr on Equinox club or Equinox+ memberships. Enrollment required.
YearlyEnroll firstVerifiedOne-time $200 credit toward Oura Ring hardware. Enrollment required.
Cadence inferredEnroll firstVerifiedSapphire Reserve$120
Up to $10/month toward Peloton memberships (through Dec 2027).
MonthlyVerifiedand nothing else — The Platinum Card carries 1 more here
Entertainment
Streaming, tickets and single-retailer credits.
The Platinum Card$755.40
Up to $75/quarter ($300/yr) at U.S. Lululemon stores or online. Enrollment required.
QuarterlyEnroll firstVerifiedUp to $25/month ($300/yr) on eligible subscriptions (Disney+, Hulu, ESPN, NYT, Paramount+, Peacock, WSJ, YouTube). Enrollment required.
MonthlyEnroll firstVerifiedCovers Walmart+ monthly membership (~$12.95 + tax). Enrollment required.
MonthlyEnroll firstVerifiedSapphire Reserve$300
$150 Jan–Jun and $150 Jul–Dec on StubHub / viagogo concert & event tickets. Activation required.
Twice a yearEnroll firstVerifiedand nothing else — The Platinum Card carries 2 more here
Access
Application-fee and credential credits, and anything that fits no other category.
The Platinum Card$239
Up to $209/yr covering CLEAR Plus membership (excl. taxes/fees).
YearlyVerifiedGlobal Entry ($120) every 4 years, or TSA PreCheck every 4.5 — each authorized user gets their own.
Cadence inferredVerifiedSapphire Reserve$30
Up to $120 every 4 years.
Cadence inferredVerifiedand nothing else — The Platinum Card carries 1 more here
That's every credit on both cards.
Maybe is scored at 50% of annual value.Every figure is annualized.
Rates normalised to cents of value per dollar spent, so different point currencies compare. Useful once you hold the card; it is not what decides whether the fee is worth paying.
| The Platinum Card | Sapphire Reserve | |
|---|---|---|
| Dining & restaurants | — | 3× Dining |
| Flights (booked direct) | 5× Flights (direct / Amex Travel) | 4× Airfare / Flights & hotels (direct) |
| Hotels (booked direct) | — | 4× Flights & hotels (direct) / Hotels |
| Transit & rideshare | — | 5× Lyft |
| Flights via issuer portal | — | 8× Chase Travel bookings / All Travel (Ultimate Rewards) |
| Hotels & cars via issuer portal | 5× Prepaid hotels via Amex Travel | 8× Chase Travel bookings / All Travel (Ultimate Rewards) |
| Everything else | 1× Everything else | 1× Everything else |
Only on Sapphire Reserve: 10× Peloton.
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Where these figures come from
How we verify our data
Figures come from our card database and can lag issuer changes — always verify against the issuer's current terms.
- Solid borders: Verified issuer terms.
- Dashed borders: Estimated, pending final issuer sync.