Amex PRG vs Chase SP?

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Robrus1
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Amex PRG vs Chase SP?

Postby Robrus1 » Sun Dec 02, 2012 1:50 pm

Which of these two cards is more rewarding/better in your opinion? I have them both and I like them both, but I'm not sure I'll want to pay both annual fees forever.

Do you think Chase Ultimate Rewards program is better than Amex's Membership Rewards program? Who has better customer service? I'd like to here everyone's thoughts/opinions about these two cards.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


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djrez4
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Postby djrez4 » Sun Dec 02, 2012 4:50 pm

I like Ultimate Rewards better because I fly United. I also find them easier to earn and use because of the Freedom and Ink cards that I can combine with the CSP. CSP customer service is great. Amex customer service is good, but they've outsourced some of it. Sometimes the foreign CS reps don't understand my requests. There doesn't seem to be a pattern for when I get US vs foreign help.

You get slightly better bonus points for travel on the PRG at 3x. That's the only advantage I see.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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kcarter609
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Postby kcarter609 » Sun Dec 02, 2012 6:13 pm

[quote="djrez4"]

I was told by the local branch and multiple CS reps on the phone that Ink UR point can't be combined with Freedom/CSP because one is business the other 2 are personal... am I missing something here?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)


hematino
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Postby hematino » Sun Dec 02, 2012 7:46 pm

Sapphire Preferred all the way. Yes, only 2x points as opposed to the 3x of the PRG, but a much lower annual fee, bonus 20% boost for travel redemption, and annual anniversary 7% point bonus on the Sapphire Preferred balance it out. Customer service for both cards is top notch. Personally I think the Ultimate Rewards program is better than Membership Rewards, and offers more freedom. Plus SP comes either as a Visa or a Mastercard and is more widely accepted than American Express. Assuming you're a traveler, and both of these cards are geared at travelers, the SP has no foreign transaction fee ever where the Premier Rewards Gold has 2.7%..... lame!

True the PRG has no interest because you pay your statement in full, but in direct comparison with each other, using the SP the same way as the PRG won't cost you any interest either. Conversely, if you use the pay over time feature on the PRG, I believe the interest is 18.24% which is slightly higher than the SP's 15.24% rate. Amex PRG has no concierge if you're into that sort of thing, but Sapphire Preferred does.

On the flip side, the PRG has no preset spending limit so it is more unrestricted to a big spender than the SP (although a Visa Signature/World MC will allow you to go overlimit to an extent), but prepaying or making multiple payments on the SP would net the same result if trying to charge a lot. Also Chase is a bit tighter than Amex with regards to credit limit increases, so a low initial limit SP could be a problem in this respect.
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djrez4
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Postby djrez4 » Sun Dec 02, 2012 8:06 pm

kcarter609 wrote:I was told by the local branch and multiple CS reps on the phone that Ink UR point can't be combined with Freedom/CSP because one is business the other 2 are personal... am I missing something here?


I transferred both Freedom and Ink UR points to my CSP last week to book United tickets. YMMV.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

kcarter609
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Postby kcarter609 » Sun Dec 02, 2012 9:24 pm

djrez4 wrote:I transferred both Freedom and Ink UR points to my CSP last week to book United tickets. YMMV.


I might have to look into getting both the Ink and CSP now.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

agp
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Postby agp » Sun Dec 02, 2012 9:47 pm

I like them both. CSP points can be transferred to United, which is a part of the largest airline. The points can also be converted to cash back at 1 point = 1 cent. Whereas for Amex, points can be transferred to British Airways, which is dirt cheap for flying or Starwood hotels, which is dirt cheap for lodging. But MR points cannot be used for statement credit, and redemption for gift cards are usually useless.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred


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djrez4
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Postby djrez4 » Sun Dec 02, 2012 11:46 pm

CSP also transfers to Avios. If you want Starwood points, the SPG is a better card.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

Vermonster
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Postby Vermonster » Sun Dec 02, 2012 11:52 pm

Don't forget with the CSP you can use a freedom to earn more than 2%.
Case Freedom $5k
Chase Sapphire Preferred $5k
Amex Blue Cash Preferred $12.4k
Citi Double Cash $3.1k

Ratfacedudeguy
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Postby Ratfacedudeguy » Mon Dec 03, 2012 2:50 pm

To all of those talking about the PRG giving more points for travel, keep in mind also that you do get an extra point per dollar with Chase when you book travel through Ultimate Rewards, which would also put you at 3 points per dollar for the CSP, and that's for all travel, not just airfare. Also keep in mind that basically the only way that you can get a 1% return with Amex is by redeeming for travel, while the CSP gives you a minimum 1% return with a 20% bonus for travel redemption. Factor in the 7% annual points dividend, no foreign transaction fees, higher acceptance rate, and ability to combine points with other cards which also earn much higher rewards than Amex for just over half of the PRG's annual fee and the CSP becomes the indisputable winner.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13



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