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Travel: Move over Sapphire: Here’s why I prefer Membership Rewards instead of Ultimate Rewards

9 no annual fee credit cards that will earn you transferable points

  9 no annual fee credit cards that will earn you transferable points Transferable points are some of the most valuable rewards currencies in the travel world. The best ways to redeem these points is typically to book travel or to transfer them to airline and hotel partners. While there are many attractive rewards credit cards with annual fees, today we’ll focus solely on no-fee credit cards that …New to The Points Guy? Sign up for our daily newsletter and check out our beginner’s guide.

Membership Rewards is the clear winner here . You’ll save a ton of miles when booking flights from the U. S . to Europe business class and flights on other routes too. For example, you can use a little as 75,000 ANA Mileage Club miles for an off-peak ticket from the U. S . to Tokyo in ANA business class . Even if you do, those with a Sapphire Reserve will come out on top by using their points to cover the cost of a paid flight instead of transferring miles to Rapid Rewards . Related: 6 award chart ‘sweet spots’ that will save you money on domestic flights. How I use Chase Ultimate Rewards .

Since downgrading, I ’ve moved most of my spending to American Express Membership Rewards earning cards. So in this article, I ’ll walk you through why I switched from earning Ultimate Rewards to Membership Rewards for the bulk of my spending. Then, I ’ll show you some real-world comparisons and discuss how I redeem the Ultimate Rewards that I continue to earn on specific purchases. MOVE OVER SAPPHIRE : HERE ’ S WHY I PREFER MEMBERSHIP REWARDS INSTEAD OF ULTIMATE REWARDS .

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In early 2020 I product changed my Chase Sapphire Reserve to a Chase Sapphire Preferred Card. What was once my favorite credit card had become a card I only used for car rentals (for the primary damage waiver) and earning 10x points on Lyft rides. The Sapphire Preferred offers both of those benefits, albeit with a lower 5x earning rate on Lyft.

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thepointsguy.com - In early 2020 I product changed my Chase Sapphire Reserve to a Chase Sapphire Preferred Card. What was once my favorite credit card had become a card …

With Chase Ultimate Rewards , you can redeem the points you've earned for travel, experiences, merchandise, gift cards and even cash back. Chase Ultimate Rewards ®. Use your points to fuel your passions. Shop over 175 of your favorite gift card brands. Pay Yourself Back.

The reason for this is? Chase Ultimate Rewards. Ever since Chase lost Korean Airlines as a transfer partner, I’ve struggled to find good flight redemptions with the currency. To make matters worse, United — once one of Chase’s most valuable transfer partners — has massively devalued its program, skyrocketing the cost of Star Alliance partner awards.

Since downgrading, I’ve moved most of my spending to American Express Membership Rewards earning cards. Personally, I’ve found the program to be more valuable for both how I travel and spend. So in this article, I’ll walk you through why I switched from earning Ultimate Rewards to Membership Rewards for the bulk of my spending. Then, I’ll show you some real-world comparisons and discuss how I redeem the Ultimate Rewards that I continue to earn on specific purchases.

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American Express Membership Rewards and Chase Ultimate Rewards are two of the most popular transferable points currencies with travel enthusiasts. When you have these points in your arsenal, you can redeem them for awesome redemptions in places like the Maldives and family vacations in Bora Bora . Regardless of which currency is your favorite, keeping your points and miles balances as flexible and diverse as possible will open up the most award options when it comes time to redeem your points. For rates and fees of the American Express Gold Card, please click here .

Instead of just getting 5% cash back on the quarterly bonus categories (plus 1% cash back elsewhere), you can “convert” those fixed earnings to much more flexible Ultimate Rewards points, a key reason why the Chase Freedom is a no-brainer.". The main thing is that you have to move the points over to the sapphire preferred or sapphire reserve and you only need to click a few buttons. Basically, just use those cards normally, then you will have a button that says "Combine points" or something similar, and just move the points from freedom over to the sapphire .

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In This Post

Why I switched from Chase to American Express

I earn Membership Rewards points with a handful of American Express cards — here’s why. (Photo by John Gribben for The Points Guy) © Provided by The Points Guy I earn Membership Rewards points with a handful of American Express cards — here’s why. (Photo by John Gribben for The Points Guy)

It’s no secret that American Express Membership Rewards has the most transfer partners of all the transferrable points currencies. But the sheer number of partners alone doesn’t mean it’s the most valuable currency — instead, it’s the quality of these transfer partners and ease of earning that matters most. Here’s an in-depth breakdown of why I value Membership Rewards over all other points programs.

American Express’ transfer partners are second to none

American Express partners with some of the most obscure and valuable loyalty programs out there. For example, you can transfer points 1:1 to ANA Mileage Club, Air Canada Aeroplan, Asia Miles, Etihad Guest and many others. These are extremely valuable partners for me as I use most of my points and miles to book first and business-class tickets.

12 reasons to choose the Chase Sapphire Preferred over the fancier Chase Sapphire Reserve card

  12 reasons to choose the Chase Sapphire Preferred over the fancier Chase Sapphire Reserve card Update: Some offers mentioned below are no longer available. View the current offers here – Chase Sapphire Preferred Card, Chase Sapphire Reserve Editor’s note: This post has been updated with new information. The Chase Sapphire Preferred Card and the Chase Sapphire Reserve remain some of the most popular travel rewards credit cards, even years after they …Editor’s note: This post has been updated with new information.

Chase Ultimate Rewards points are some of the most valuable credit card rewards around, so having either the Chase Sapphire Preferred ® Card or the Chase Sapphire Reserve® is a smart move , especially if you want to use points to travel. But while it used to be relatively easy to make a case That' s why I like the extra layer of security added by the Chase Sapphire Reserve®. The card' s trip delay coverage becomes effective after just six hours, or if you end up stuck overnight. Chase Sapphire Preferred ® Card coverage is also activated when there' s an overnight delay; if the delay is entirely

I recently transferred 170,000 Membership Rewards points to ANA Mileage Club to book a round-the-world trip in business class. This ticket would’ve been much more expensive if I used Ultimate Rewards to book each segment individually with United MileagePlus or Singapore Airlines Krisflyer, Chase’s two Star Alliance transfer partners.

Likewise, I can transfer my points to Etihad Guest to get excellent deals on American Airlines and Royal Air Maroc tickets. You can transfer just 44,000 Membership Rewards points to Etihad Guest to book a one-way ticket from a Royal Air Maroc U.S. gateway to Casablanca (CMN) in business class. This is significantly less expensive than transferring Ultimate Rewards to British Airways Avios to book the same flight.

If you want to experience true luxury, you can transfer 87,000 Membership Rewards points to Avianca LifeMiles to book last-minute tickets from the U.S. to Europe in Lufthansa first class. These tickets can cost well over $5,000 one-way if you pay cash, so it’s an excellent way to maximize your Membership Rewards points. To book with Chase points, you need to transfer 110,000+ points to United.

Looking for a new credit card? 6 reasons the Chase Sapphire Preferred should be your next card

  Looking for a new credit card? 6 reasons the Chase Sapphire Preferred should be your next card Editor’s note: This post has been updated with new information. Unless you’ve been living under a rock for the past several years, you’ll know that the Chase Sapphire Preferred Card has long been crowned as the best travel credit card on the market — even winning the TPG Awards in 2020. If you don’t already …Unless you’ve been living under a rock for the past several years, you’ll know that the Chase Sapphire Preferred Card has long been crowned as the best travel credit card on the market — even winning the TPG Awards in 2020.

That said, American Express’ transfer partners are a bit more difficult to use when compared to Chase’s partners. You have to call to book Etihad partner awards and ANA’s website isn’t as user-friendly as United. If you don’t mind spending some extra time booking, you’ll almost always score a better deal when booking through a Membership Rewards partner.

Related: How to redeem American Express Membership Rewards for maximum value

Better earning on most bonus categories

Another draw to Membership Rewards is that its cards have excellent earning categories. The $250 annual fee American Express® Gold Card (see rates and fees) earns 4 points per dollar spent on dining at restaurants and U.S. supermarkets (up to $25,000 per calendar year; then 1x), 3 points on flights booked directly with the airline or amextravel.com and 1 point per dollar everywhere else. For groceries and dining, this is significantly higher than any Chase credit card on the market.

The American Express® Green Card has excellent earning categories too. The $150 per year card (see rates and fees) earns 3 points per dollar on dining at restaurants and travel, including flights, hotels, transit, taxis, tours, and ridesharing services — this is 1 point per dollar higher than the $95 per year Chase Sapphire Preferred card. These bonus points can more than make up for the higher annual fee depending on how much you spend.

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The information for the Amex Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Business owners can earn more points too. Chase’s Ink Business Unlimited Credit Card has no annual fee and earns 1.5% cash-back on all purchases. This cash back can be turned into transferrable Ultimate Rewards points if you have a premium Ultimate Rewards card like a Sapphire Preferred, Sapphire Reserve or Ink Business Preferred Credit Card.

On the other hand, you can earn 2 Membership Rewards points per dollar spent (up to $50,000 per calendar year; then 1x) on purchases with The Blue Business® Plus Credit Card from American Express. This card also has no annual fee (see rates and fees), so it’s a much better value for your first $50,000 in business spend when compared to the Ink Unlimited.

Related: The best cards for each business credit card category

The Platinum Card has better travel benefits than the Sapphire Reserve

a large empty room: Access a huge network of airport lounges with your Amex Platinum. (Photo by Zach Griff/The Points Guy) © Provided by The Points Guy Access a huge network of airport lounges with your Amex Platinum. (Photo by Zach Griff/The Points Guy)

American Express and Chase have high-end travel credit cards with $550 or higher annual fees: The Platinum Card® from American Express ($695; see rates and fees) and the Sapphire Reserve ($550). Both of these cards have their own set of benefits, but I think the recently refreshed Platinum Card takes the cake for the best travel benefits with better lounge access and other perks.

On the lounge side, you can use the Amex Platinum to access a ton of different lounge networks. These include the following:

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  • American Express Centurion Lounges
  • Delta Sky Club Lounges (when flying Delta)
  • Priority Pass Select Lounges
  • Escape Lounges
  • Airspace Lounges
  • Plaza Premium Lounges
  • International American Express Lounges
  • Select Lufthansa Lounges (when flying Lufthansa Group airlines)

Access to Centurion lounges and Delta Sky Clubs are the most valuable to me. American Express’s in-house Centurion lounge network comprises top-notch lounges in major cities like New York, Hong Kong, and Los Angeles. These lounges are well designed and offer great food, unique cocktails and fast internet. On the other hand, I love having access to Delta’s huge Sky Club network as a newly minted Delta elite.

On the other hand, the Chase Sapphire Reserve can only access Priority Pass Select lounges. The upside to Chase’s Priority Pass membership is access to Priority Pass restaurants, but these are only available in a few select airports around the world.

There are a couple of other nice benefits too — including a handful of statement credits that you can use both at home and on the road (enrollment required for select benefits):

  • $300 annual Equinox statement credit: Charge your Equinox membership to your Platinum card and get a $25 back per month.
  • $240 digital entertainment statement credit: Get $20 per month toward Audible, The New York Times, SiriusXM and Peacock subscriptions
  • $200 annual airline incidental fee statement credit: Get $200 back per year on airline fees charged by an airline of your choice. This includes baggage, seat selection and other common airline fees.
  • $200 annual prepaid hotel statement credit: Receive $200 back per year on prepaid hotel stays when you book through Amex Travel or Fine Hotels and Resorts and pay with your Platinum card.
  • $200 in annual Uber Cash: Receive $15 in Uber Cash per month and $35 in December. This gives you a total of $200 in Uber Cash per year. It can be used for Uber rides and Uber Eats orders.
  • $179 annual Clear statement credit: Receive $179 in annual Clear credit. This is enough to cover the entirety of a one-year membership to the expedited airport security company.
  • $100 in annual Saks Fifth Avenue statement credit: Get two $50 Saks Fifth Avenue credits per year — one valid Jan. to June and one valid July to Dec. This statement credit is good for in-store and online purchases.
  • Global Entry/TSA PreCheck enrollment fee statement credit: You’ll get a $100 credit every 4.5 years that’s good toward Global Entry or TSA PreCheck. I recommend going with Global Entry as it includes TSA PreCheck benefits too.

You’ll also get complimentary Marriott Bonvoy Gold Elite and Hilton Honors Gold status. This makes your hotel stays more rewarding with bonus points, room upgrades and free breakfast at some properties. This is especially nice, considering you don’t actually need to stay at a hotel to keep your status. It’s included so long as your Platinum card is open and in good standing. Enrollment required for select benefits.

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That said, not everyone will find the Platinum Card better than the Sapphire Reserve. The Sapphire Reserve includes a much more flexible $300 travel credit that can be used for all travel purchases, including airfare, ride-share and hotels. Further, it has an annual DoorDash credit, Lyft Pink membership and 20% off all Silvercar rentals, among other benefits.

Additionally, the Sapphire Reserve earns 3 points per dollar spent on dining and travel. On the other hand, the Amex Platinum earns 5 points per dollar on flights booked directly with the airline and on AmexTravel.com, up to $500,000 in purchases per calendar year. This gives the Sapphire Reserve an edge over the Platinum, but this is taken care of with my Amex Gold and Amex Green.

Do your own research and find which card works best for how you spend and travel. While I personally value the Amex Platinum’s benefits more than the Sapphire Reserve’s benefits, you may find that the Sapphire Reserve is more valuable if you want a card for benefits and spending.


Video: Marriott Bonvoy American Express Card Holders Can Earn Tons of Extra Points This Year (Travel + Leisure)

Related: Amex Membership Rewards vs. Chase Ultimate Rewards: Which is the best?

Comparing Chase and Amex redemptions for flights

a large passenger jet sitting on top of a runway: (Photo by Markus Mainka / Shutterstock.com) © Provided by The Points Guy (Photo by Markus Mainka / Shutterstock.com)

Let’s look at a few head-to-head comparisons of using Membership Rewards and Ultimate Rewards points to book flights. This section is broken down into three sections — one for each major airline alliance. Each comparison will look at using points to book the same round-trip business class ticket between the U.S. and Europe. Plus, we’ll end with a quick comparison on using points for domestic U.S. flights.

Oneworld

a room full of furniture: (Photo by Zach Griff/The Points Guy) © The Points Guy (Photo by Zach Griff/The Points Guy)

Let’s say we want to use our points to book a round-trip business class ticket from Philadelphia (PHL) to Paris (CDG) with American Airlines. The best way to book this with Ultimate Rewards is to transfer points to British Airways Avios. This costs 124,000 Avios round-trip plus minimal taxes and fees. On the other hand, you can transfer Membership Rewards points to Etihad Guest and book the same ticket for 100,000 miles with the same taxes and fees.

Verdict: Membership Rewards

You’ll almost always come out on top when booking Oneworld tickets with Membership Rewards points. You can leverage transfer partners like Etihad Guest and Cathay Pacific Asia Miles to score a discount vs. booking with British Airways Avios. When it does make sense to use Avios — like when booking off-peak awards to Madrid (MAD) with Iberia Plus — you can transfer your Membership Rewards to Aer Lingus, British Airways and Iberia as well.

Related: Three versions of Avios: When to use Aer Lingus, Iberia and British Airways

SkyTeam

a desk with a computer: (Photo by Nick Ellis/The Points Guy) © The Points Guy (Photo by Nick Ellis/The Points Guy)

Your best bet for booking most international SkyTeam tickets is transferring Ultimate Rewards or Membership Rewards to Air France-KLM Flying Blue. This dynamically-priced program offers solid deals on flights worldwide, with U.S. to Europe being a sweet spot. For example, I found a round-trip ticket from Atlanta (ATL) to Prague (PRG) in Air France and KLM business class for 106,000 miles and $536.29. That said, these prices are subject to change due to the airline’s dynamic award structure.

Verdict: Tie

Flying Blue is a transfer partner of both programs, so for U.S. to Europe on SkyTeam, American Express and Chase are tied as winners. That said, you might argue that American Express is still the winner if you have an Amex Gold or another card that earns bonus points on your frequent purchase categories. In this case, you’d be earning the points needed faster.

Star Alliance

a bag of luggage sitting on top of a suitcase: (Photo by Benji Stawski/The Points Guy) © Provided by The Points Guy (Photo by Benji Stawski/The Points Guy)

A round-trip flight from Newark (EWR) to Amsterdam (AMS) in United Polaris business class will have varying pricing if you book with Ultimate Rewards. This is because your best bet is to transfer points to United MileagePlus, which recently switched to dynamic pricing. I looked for a flight in March 2021 and found that a round-trip ticket was 120,000 miles with $55.45 in taxes and fees, but you may find higher or lower pricing on some dates.

On the other hand, you can transfer just 88,000 Membership Rewards points to ANA Mileage Club to book the same ticket with the same taxes and fees. This is considerably cheaper than MileagePlus, saving 32,000 miles in the process.

However, one thing to note about ANA Mileage Club is that it adds fuel surcharges to some award tickets (Austrian, Asiana, SWISS, Thai, and Lufthansa are confirmed to have fuel surcharges with ANA). In these cases, you may want to transfer points to Air Canada Aeroplan, which waives these charges on all award tickets.

Verdict: Membership Rewards

Membership Rewards is the clear winner here. You’ll save a ton of miles when booking flights from the U.S. to Europe business class and flights on other routes too. For example, you can use a little as 75,000 ANA Mileage Club miles for an off-peak ticket from the U.S. to Tokyo in ANA business class.

Domestic flights

Another important thing to consider is using points for domestic flights around the U.S. If you’re flying Oneworld, both Membership Rewards and Ultimate Rewards can be used to book American Airlines flights under British Airways’ partner award chart. Domestic flights that are 1,151 miles or shorter cost just 9,000 Avios with $5.60 in taxes and fees.

On the Star Alliance side, you’ll generally find the best domestic pricing when you use Avianca LifeMiles to book short-haul United Airlines tickets. A one-way flight from Newark (EWR) to Pittsburgh (PIT) costs 6,500 LifeMiles, while United MileagePlus charged 12,500 miles on the same day. This means you’ll save 6,000 miles when you transfer Membership Rewards instead of Ultimate Rewards.

a screenshot of a social media post: (Image courtesy of lifemiles.com) © The Points Guy (Image courtesy of lifemiles.com)

SkyTeam domestic awards are generally cheaper with Membership Rewards too. Delta SkyMiles — another dynamically priced program — often offers cheap domestic award tickets. I recently found a flight from Chicago (ORD) to New York (LGA) for 7,000 SkyMiles in basic economy or 9,500 in Main Cabin. Flying Blue charges 11,500 miles for the same Main Cabin ticket, meaning that Membership Rewards is the victor.

graphical user interface, application, table: (Screenshot courtesy of delta.com) © Provided by The Points Guy (Screenshot courtesy of delta.com)

How about Southwest Airlines?

Ultimate Rewards points can transfer to Southwest Rapid Rewards, but I don’t recommend doing this. Southwest award tickets are fixed to the price of a cash ticket, with most redemptions getting roughly 1.4 cents per point in value. This is 0.6 cents per point lower than TPG’s Ultimate Rewards valuation, so it isn’t a great use of points.

This is especially true for Sapphire Reserve cardholders. One big benefit of the card is being able to use your points at a 1.5 cent per point value toward paid flights through the Ultimate Rewards travel portal. Southwest flights don’t appear in the search results there, but you can call Chase and have a representative book these flights for you at the 1.5 cents per point rate. You’ll earn Rapid Rewards on these tickets since they’re processed as paid tickets.

With this in mind, Southwest isn’t a useful transfer partner to me. It provides a low cent-per-point value on redemptions unless you have a Companion Pass. Even if you do, those with a Sapphire Reserve will come out on top by using their points to cover the cost of a paid flight instead of transferring miles to Rapid Rewards.

Related: 6 award chart ‘sweet spots’ that will save you money on domestic flights

How I use Chase Ultimate Rewards

These days I hold two Ultimate Rewards cards: a Chase Sapphire Preferred and an Ink Business Preferred. I still use these cards when it makes sense, which is usually for earning 5x on Lyft rides and 3x on other travel expenses with the Ink Business Preferred (on the first $150,000 in combined purchases each account anniversary year). This means I still earn a decent sum of Ultimate Rewards and redeem them on a somewhat regular basis.

I use two Ultimate Rewards transfer partners: World of Hyatt and — occasionally — Singapore Airlines Krisflyer. Hyatt is, in my opinion, the most powerful Ultimate Rewards transfer partner these days. It has an extremely reasonable award chart for redemptions and you can stay in some pretty incredible hotels around the world.

You can find many hotels in premier cities like New York, London and Hong Kong for under 25,000 points per night. That means you can spend New Year’s Eve at the Hyatt Regency London – The Churchill for just 25,000 points. This same room costs $656.42 per night after currency conversion, giving you a nice 2.62 cent per point valuation.

I use Singapore Airlines transfers for booking high-end business and first-class tickets on the carrier’s own metal. These points transfer in from American Express Membership Rewards, Capital One Rewards and Citi ThankYou too, but I try and redeem my Chase points before breaking into my stash of Amex or Citi points.

One of my favorite Singapore Krisflyer redemptions is the currently suspended route from New York-JFK to Frankfurt (FRA) in Suites first class. This costs 86,000 points one-way, which is a small price to pay for one of the best first-class products in the sky. This ticket usually costs over $5,000 one-way.

Related: How points and miles saved me over $2,000 on a trip to Nantucket and Cape Cod

How to boost your Membership Rewards balance

Sign up for the American Express Platinum card with this higher-than-usual welcome offer. (Photo by Wyatt Smith/The Points Guy) © The Points Guy Sign up for the American Express Platinum card with this higher-than-usual welcome offer. (Photo by Wyatt Smith/The Points Guy)

Interested in earning Membership Rewards? Consider opening a new American Express card and earning the welcome offer. This is a quick and easy way to boost your points balance, and you can continue earning by putting your everyday spending on your new Amex card. Here’s a look at current welcome offers for some of American Express’s most popular credit cards.

  • The Platinum Card® from American Express: Earn 100,000 Membership Rewards® Points after spending $6,000 on purchases in your first six months of card membership. However, some readers have been targeted for up to a 125,000-point bonus using the CardMatch tool (offer subject to change at any time). Terms apply.
  • American Express® Gold Card: Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new card within the first six months of account opening. However, some readers have been targeted for up to a 75,000-point bonus using the CardMatch tool (offer subject to change at any time). Terms apply.
  • The Business Platinum Card® from American Express: Earn 125,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership. Terms apply.

Related: Here are 9 of our favorite ways to use Amex Membership Rewards points

Bottom line

We discussed why I switched from earning Ultimate Rewards to Membership Rewards on the bulk of my purchases. I firmly believe that you can almost always earn more points and redeem at better rates when using Membership Rewards points. That said, you may feel differently depending on how you choose to redeem — especially if you usually spend points on hotels.

However, most travelers will get a better deal on almost all flight redemptions with Membership Rewards. It has a better set of transfer partners that will help you stretch your points further. Plus, it’s easier to earn Membership Rewards points, too — especially with an American Express Gold or American Express Green Card.

I want to end this article with a quick note: Don’t take this as a recommendation to never earn Ultimate Rewards points. In fact — due to Chase’s 5/24 rule — your first few credit cards should be Chase cards. Otherwise, you may never be able to earn Ultimate Rewards depending on how many cards you sign up for.

Feature photo by John Gribben for The Points Guy

For rates and fees of the Amex Gold card, click here.

For rates and fees of the Amex Green, click here.

For rates and fees of the Blue Business Plus card, click here.

For rates and fees of the Amex Platinum card, click here.

Editorial Disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Best transferable point currency of 2021 — and TPG’s Editors’ Choice award winner .
It should go without saying — not all points and miles are created equally. At TPG, we consider transferable points — that is, points and miles programs that allow you to move one rewards currency to another — to be superior to other types of travel rewards for a number of reasons. Transferable points are …It should go without saying — not all points and miles are created equally.

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