Amex factors vs. Chase factors: Which is one of the best forex?

American Specific Membership Rewards factors and Chase Final Rewards factors are two of probably the most extremely sought-after transferable currencies amongst journey fanatics. These factors can unlock high-value redemptions at aspirational locations.

Each packages supply a spread of worthwhile journey rewards bank cards and redemption choices, together with transferring factors to airline and lodge companions and reserving journey by means of the respective card issuer’s journey portal.

In line with TPG’s July 2025 valuations, Amex Membership Rewards factors and Chase Final Rewards factors are valued at 2 cents and a pair of.05 cents per level, respectively.

So, how do they measure up — and which is one of the best forex for you?

Which forex has one of the best switch companions?

American Specific Membership Rewards

American Specific companions with a powerful 17 completely different airline packages and three lodge chains. Except indicated, factors switch at a 1:1 fee in 1,000-point increments. Here is the present listing of Amex airline companions:

And these are the Amex lodge switch companions:

Chase Final Rewards

With Chase Final Rewards, you’ll be able to switch factors to 11 airline packages:

Chase additionally companions with three lodge packages:

All switch ratios are 1:1, and you have to switch in 1,000-point increments.

Which program has one of the best switch companions largely will depend on your journey habits and favourite airline and lodge loyalty packages.

Whereas Amex could look like the apparent winner with extra switch companions — together with Delta SkyMiles and Avianca LifeMiles — Chase holds its personal with a number of key companions that are not obtainable by means of Amex.

Should you’re an everyday United Airways traveler, for instance, you possibly can switch both forex to Air Canada Aeroplan and ebook United flights. Nonetheless, United’s personal MileagePlus program additionally companions with Chase however not Amex, so it’s possible you’ll want to give attention to incomes Chase factors if it is your most well-liked service and program.

On the lodge aspect, we extremely worth the World of Hyatt program for its high-value award chart redemption charges, so in the event you’re searching for a fantastic lodge switch possibility, take into account incomes Chase factors.

Associated: The best way to redeem Chase Final Rewards factors for optimum worth

Which forex has one of the best bank card welcome presents?

American Specific Membership Rewards

Regardless of a once-per-lifetime coverage for welcome presents, the wide selection of playing cards that earn Membership Rewards factors makes it simple to build up a considerable factors stability.

Listed below are a few of the greatest welcome presents obtainable proper now:

• The Platinum Card® from American Specific: Discover out your supply and see in case you are eligible for as excessive as 175,000 Membership Rewards factors after spending $8,000 on purchases inside the first six months of card membership. Welcome presents range and also you might not be eligible for a proposal.
• American Specific® Gold Card: Discover out your supply and see in case you are eligible for as excessive as 100,000 Membership Rewards factors after spending $6,000 on eligible purchases in your first six months of card membership. Welcome presents range and also you might not be eligible for a proposal.
• The Enterprise Platinum Card® from American Specific: Earn 150,000 Membership Rewards factors after spending $20,000 in eligible purchases inside the first three months of card membership.

Associated: Finest American Specific bank cards

Chase Final Rewards

Chase presents 4 playing cards that earn transferable Final Rewards factors, all of which have beneficiant welcome bonuses:

Do not forget that the Chase 5/24 rule could restrict your potential to get accredited for these playing cards. Should you’re new to factors and miles, your greatest wager is to use for the Chase playing cards you need first.

Associated: Finest Chase bank cards

Which forex has one of the best bonus classes?

To maximise the factors you’ll be able to earn in both program, it is best to decide on a card that earns greater than 1 level per greenback in classes the place you spend probably the most. Listed below are some highlights throughout the packages.

American Specific Membership Rewards

The Amex Gold earns 4 factors per greenback spent at eating places worldwide (on as much as $50,000 spent per calendar 12 months, then 1 level per greenback).

As compared, the Amex Platinum and the Amex Enterprise Platinum earn 5 factors per greenback spent on airfare booked instantly with the airline or by way of American Specific Journey® (on as much as $500,000 of those purchases per calendar 12 months, then 1 level per greenback for the buyer model) and 5 factors per greenback spent on pay as you go motels booked by means of American Specific Journey.

Chase Final Rewards

The Sapphire Most popular presents 5 factors per greenback spent on journey booked by means of Chase Journey, 3 factors per greenback spent on eating, choose streaming providers, and on-line grocery purchases (excluding Goal and Walmart) and a pair of factors per greenback spent on different journey purchases.

The Ink Enterprise Most popular presents 3 factors per greenback spent on journey, delivery, web, cable, cellphone providers and promoting purchases made with social media and serps (on as much as $150,000 in mixed purchases per account anniversary 12 months, then 1 level per greenback) and 1 level per greenback spent on all different purchases.

Lastly, with the Sapphire Reserve and Sapphire Reserve for Enterprise, you may earn 8 factors per greenback spent on all Chase Journey purchases and 4 factors per greenback on flights and motels booked instantly.

The enterprise model additionally earns 3 factors per greenback on social media and search engine promoting.

Associated: Evaluating flat-rate with bonus-category cash-back bank cards

Which forex has one of the best redemption choices?

Membership Rewards and Final Rewards have a big overlap of the identical switch companions that switch at a 1:1 fee, so accumulating both forex will provide you with the identical redemption values.

Whereas Amex boasts extra switch choices — together with six extra airline companions — Chase nonetheless stands out with unique companions like World of Hyatt, recognized for its persistently excessive redemption worth.

You need to use the Amex Journey portal to discover a most well-liked room after which pay with factors — valued at only one cent every — or money. You may ebook motels, together with these in Amex’s High-quality Lodges + Resorts program.

With Chase, you’ll be able to ebook journey by means of Chase Journey and redeem factors to pay to your airplane tickets, lodge stays, rental vehicles and experiences. Should you’re a Sapphire Most popular or Ink Enterprise Most popular cardholder, every level is value as much as 1.75 cents with Factors Enhance, relying on the precise redemption (see your reward program settlement for full particulars).

When you have the Sapphire Reserve or Sapphire Reserve for Enterprise, your factors could be value as much as 2 cents every when redeemed by means of the portal (relying on the precise redemption — see your rewards program settlement for full particulars), which presents higher worth than reserving by means of the Amex Journey portal.

Backside line

Each Membership Rewards and Final Rewards supply great worth, with sturdy switch companions, profitable welcome presents and versatile redemption choices.

Chase stands out for its Hyatt partnership and portal redemptions value as much as 2 cents per level, whereas Amex shines with unique airline companions like Delta and Avianca.

The potential greatest technique? Earn each — and let your journey objectives decide the way you redeem.

Associated: How to decide on one of the best bank card for you