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Premium Credit Cards Compared: Amex, Capital One, Chase

Wall Street Journal Markets •
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The American Express Platinum Card® stands out with a welcome offer as high as 175,000 points after spending $12,000 in the first six months and an annual fee of $895. Cardholders earn 5 points per $1 on flights and prepaid hotels booked through Amex Travel, 1 point on all other purchases, and enjoy access to over 1,550 airport lounges, TSA Pre Check/Global Entry credits, and various travel statement credits.

The Capital One Venture X Rewards Credit Card provides an initial bonus of 75,000 miles worth $750 after $4,000 spent in the first three months, a $395 annual fee, and rewards of 10 miles per $1 on hotels and rental cars booked via Capital One Travel, 5 miles on flights and vacation rentals, and 2 miles on all other purchases. It also includes airport lounge access and travel credits.

Chase Sapphire Reserve® offers 100,000 points after $6,000 spent in the first three months (valued at $1,000), a $795 annual fee, and earns 1‑8 points per $1 on purchases. Benefits include 1,300+ lounge accesses, up to $300 in annual travel credits, TSA Pre Check/Global Entry fee credits, and DoorDash membership.

The Chase Sapphire Preferred® Card grants 100,000 points after $5,000 spent in the first three months, a $95 annual fee, and earns 1‑5 points per $1 with higher rates on travel booked through Chase. Cardholders receive special event access, from concerts to chef dinners, though carrying a balance incurs high interest.

Finally, the Alaska Airlines Summit Credit Card awards 80,000 points plus a 25,000‑point Global Companion Award after $4,000 spent in the first 90 days, a $395 fee, and perks such as free checked bags, lounge passes, and flight delay vouchers.