Choosing between the Chase Sapphire Reserve and the American Express Gold Card often comes down to how you spend and whether you maximize premium perks. Both cards come with substantial annual fees, so it’s critical to determine which one delivers the most value for your lifestyle. Here’s a breakdown to help you decide.
Welcome Bonuses: A Head-to-Head Comparison
Both cards offer strong incentives to sign up. As of February 2026 valuations, the Chase Sapphire Reserve provides 125,000 bonus points after $6,000 in spending within three months, worth approximately $2,563 (at 2.05 cents per point). The American Express Gold Card offers up to 100,000 Membership Rewards points after $6,000 spent in six months, valued at around $2,000 (at 2 cents per point).
Winner: Chase Sapphire Reserve. Its welcome bonus is worth roughly 25% more.
Benefits: Travel vs. Everyday Spending
The Sapphire Reserve excels in travel benefits, including a $300 annual travel credit, airport lounge access, and complimentary subscriptions to streaming services. The American Express Gold Card focuses on dining and U.S. supermarket credits, with $50 biannual Resy credits and Uber Cash.
If you travel frequently, the Sapphire Reserve ‘s perks will likely offset the annual fee. If you primarily spend on food and ride-sharing, the Amex Gold may be the better choice. Notably, the Amex Gold’s credits are U.S.-restricted, making it less valuable for international travelers.
Winner: Chase Sapphire Reserve. Its travel-focused benefits provide broader value.
Earning Points: Where Each Card Shines
Both cards offer bonus rewards in key categories:
- Chase Sapphire Reserve: 10x on Peloton, 8x through Chase Travel, 5x on Lyft, 4x on flights/hotels, 3x on dining, 1x on everything else.
- American Express Gold: 4x on dining and U.S. supermarkets (capped at $25,000/year each), 3x on flights booked directly, 2x on prepaid hotels, 1x on everything else.
The Amex Gold is ideal for frequent diners and grocery shoppers, while the Sapphire Reserve rewards travel spending more generously.
Winner: Chase Sapphire Reserve. Its slightly broader bonus categories and stronger travel rewards edge it out.
Redeeming Points: Flexibility and Value
Both cards earn flexible rewards that can be redeemed for statement credits, gift cards, or transferred to airline and hotel partners. Transferring to partners is generally the most valuable option, as issuers often run transfer bonuses.
Winner: Tie. Both currencies offer similar redemption options, and maximizing value depends on partner availability.
Transfer Partners: Access to Global Networks
Both Chase and American Express have extensive transfer partner networks, including major airline alliances (Oneworld, SkyTeam, Star Alliance) and hotel programs. American Express has a wider roster and more frequent transfer bonuses. Chase stands out with World of Hyatt, a highly-rated hotel program.
Winner: Tie. The best choice depends on your preferred airlines and hotels.
The Bottom Line: Which Card Should You Choose?
The Chase Sapphire Reserve is ideal for frequent travelers who can maximize its annual travel credit and lounge access. The American Express Gold Card is better suited for those who prioritize dining and U.S. supermarket spending.
If you’re undecided, consider holding both cards to leverage the unique benefits of each program. Ultimately, the best card depends on your spending habits and travel patterns.
