American Express and Chase are two of the largest credit card issuers in the U.S., and they each have their own proprietary and transferable currency.
American Express has Membership Rewards and Chase, not to be outdone, has Chase Ultimate Rewards. Transferable currencies can be a valuable type of mile or point to earn because they help protect you from devaluation.
If you have all of your miles or points in a single proprietary currency (think American Airlines AAdvantage miles or Hilton Honors points), then if that award chart changes, you could lose a big chunk of the value of your miles and points.
With a transferable currency, if one transfer partner’s awards devalue, you still have the option to transfer instead to a more advantageous partner.
In this article, we will take a look at both American Express Membership Rewards and Chase Ultimate Rewards, then compare and contrast the two and decide which one is better.
American Express Membership Rewards cards
American Express’s proprietary currency is called Membership Rewards, and can be earned as rewards on the following credit cards…Read More>>