Keep in mind, though, that you won’t earn 3x on travel until you have used up your $300 travel credit. Those who spend a lot on Lyft, travel and dining will find the added points per dollar on those purchases rewarding. Aside from sharing similar names, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® are two of the most popular travel rewards credit cards on the market. Sign up for our daily newsletter. Reserve vs. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Chase recently introduced a new “Pay Yourself Back” feature through its portal where cardmembers can redeem their points in a variety of other categories at the same rate. The Chase Sapphire Preferred currently wins out over the Chase Sapphire Reserve by offering a higher sign-up bonus. You can redeem your reward points for a variety of awards including cash back, merchandise and travel reservations. A final reason to consider the Sapphire Preferred Card over the Sapphire Reserve Card is that it could be easier to be approved for the Preferred. This article was originally published October 1, 2020, and updated November 9, 2020. The Points Guy will not sell your email. Check out our guide on maximizing Chase’s transfer partners. Here’s a quick comparison of the two cards. You really can’t go wrong with either card; each has a lot to offer both beginners and veterans in the points-and-miles game. With the Preferred, there’s no cost to add additional users. If you’re a frequent traveler, the Reserve will likely give you more long-term value. The Sapphire Reserve has higher per-claim thresholds than the Sapphire Preferred when it comes to purchase protection and … So the Preferred’s bonus is worth $1,000 this way, and the Reserve’s bonus is worth $750. With the Preferred, you’ll get 1.25 cents in value per point, while with the Reserve you’ll get a higher value of 1.5 cents per point. Sign-up bonus: Earn 80,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening. These Countries Just Made It Easier for Americans to Move and Work Abroad. ALL RIGHTS RESERVED. A $600 plane ticket will cost you 48,000 points with the Preferred but only 40,000 points with the Reserve. AFAR participates in affiliate marketing programs, which means we may earn a commission if you purchase an item featured on our site. Plus, the card just added new benefits. The Prerferred also offers purchase protection against damage or theft of up to $500 per claim and $50,00 per account, while the Reserve will cover you up to $10,000 per claim and $50,000 per year. Finally, they are also eligible for either a Global Entry or TSA PreCheck application fee statement credit, up to $100 once every four years. The sign-up bonus for the Chase Sapphire Preferred® Card is the ability to earn 60,000 points after spending $4,000 in the first 3 months of account opening. How to decide between the Chase Sapphire Preferred’s sign-up bonus and the Chase Sapphire Reserve’s valuable perks. The Chase Sapphire Preferred has a $95 annual fee and the foremost choice of most travelers. Its significantly higher sign-up bonus is a huge factor in its favor, and you can always upgrade to the Reserve later if you decide you’d rather take advantage of its perks and its higher direct-redemption rate for travel expenses. That's worth $750 when you redeem for travel on Ultimate Rewards. Other benefits: Cardholders can enjoy $300 in annual credit as reimbursement for travel purchases each account year. This makes using your card on your trips even easier since you have one less thing to think about. The more you plan to spend in those bonus categories, the bigger the difference in rewards. Redemption Winner: The edge goes to Sapphire Reserve. For its part, the Chase Sapphire Reserve is one of the best premium travel credit cards ever created thanks to valuable perks like annual travel statement credits and access to airport lounges. To look at it another way, though, points earned with the Preferred are only worth 1.25 cents each for travel booked through Chase, or 1.5 cents with the Reserve. When considering any travel rewards credit card, though, it pays to look past the initial bonus to how you might be able to maximize a card’s perks over the course of several years. January 1, 2021 March 24, 2020 by Spencer. SIMILARITIES OF CHASE SAPPHIRE RESERVE VS PREFERRED. Terms apply to the offers listed on this page. Chase Sapphire Reserve Card vs. Amex Gold Card [Detailed Comparison] BY . Here’s the caveat: you can only receive one bonus from a Chase Sapphire card within 48 months, which means you need to choose carefully. On its own, this may not be a reason to choose the Reserve over the Preferred, but when combined with the other additional benefits the Reserve offers, it … Preferred vs Reserve: How the Chase Sapphire credit cards stack up David Slotnick. It comes with a generous signup bonus and offers big bonus rewards for both travel and dining purchases. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Want more credit card news and advice from TPG? Thanks to Chase’s partnership with DoorDash, Sapphire Preferred cardholders qualify for at least a year of complimentary DashPass membership, which can save them an average of $4 to $5 per order on food deliveries. Both offer nearly identical trip cancellation and interruption insurance, primary auto rental coverage, and lost luggage reimbursement if your bags go missing. While the offers mentioned above are accurate at the time of publication, they are subject to change at any time, and may have changed or may no longer be available. If you’re looking for premium perks, the Reserve is the way to go. Many credit cards now offer Global Entry or TSA PreCheck fee statement credits, including the Capital One Venture Rewards Card, which is offering a historically high bonus of its own, at 100,000 miles (50,000 after spending $3,000 in 3 months, and another 50,000 after spending $20,000 within 12 months). Other benefits: This card is an excellent option to use when traveling internationally since it waives foreign transaction fees. Chase Sapphire Reserve vs. The Reserve also offers statement credits worth up to $100 toward either a Global Entry or TSA PreCheck application once every four years. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). I will show you how to get your 1st $550 annual fee waived in my Ultimate Military Credit Cards course The Amex Gold card is annual fee waived for military. That’s still a big difference, but there’s more to think about. As part of a new partnership with food delivery service DoorDash, cardholders receive a $60 annual DoorDash credit to use on food delivery each year in 2020 and 2021 and a one-year complimentary subscription to DashPass (which waives the delivery fee at eligible restaurants and discounts service fees on orders of more than $12). So the … By comparison, the Reserve is offering 50,000 points after you hit $4,000 in spend within the first three months, which is worth only $1,000. Long before Chase introduced the Sapphire Reserve, award travelers sang the praises of the Sapphire Preferred card’s auto collision damage waiver (CDW) benefit. Through Sept. 30, this 50% redemption bonus also extends to grocery stores, home improvement stores and dining establishment purchases that can be erased through Chase’s new Pay Yourself Back feature. This is a … AFAR does not include all financial companies or all available financial offers. Military Money Manual … Here's why the Chase Sapphire Preferred might be a better choice than the more premium Chase Sapphire Reserve. Update: The Chase Sapphire Preferred® Card offer mentioned below is no longer available. Chase Sapphire Reserve cardholders can register for DoorDash DashPass with the same benefits as Preferred members. It was the first to earn Ultimate Rewards points that were transferable to a number of different airline and hotel loyalty programs, but offered some other outsized benefits as well. TPG values Ultimate Rewards points at 2 cents each, meaning this bonus is worth up to $1,200. Preferred: How They Compare. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. Ink Business Preferred Overview. Although they offer some identical benefits, there are a few differences: The Chase Sapphire Reserve is obviously the more premium of the two cards. If you plan to apply those statement credits on a regular basis and use airport lounges frequently, the Reserve might be a better choice. Since you’d be paying a $95 annual fee for the Sapphire Preferred, you’re essentially paying just $155 more per year for the Reserve card, which comes with more benefits. Apply here for the Chase Sapphire Preferred Card with a 60,000-point sign-up bonus. The Chase Sapphire Reserve definitely has the edge in terms of perks—annual travel statement credits and lounge access can all add up. No matter which card you choose, you’ll be able to move your Ultimate Rewards points (earned both through the sign-up bonus and through spending) to the program’s airline and hotel partners at a 1:1 ratio. *Bonus value is an estimated value calculated by TPG and not the card issuer. Please view our advertising policy page for more information. Sign-up bonus: Earn 50,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months. Right now, you’ll earn 60,000 points after you spend $4,000 in the first three months. Global Entry/TSA PreCheck application fee credit (up to $100), $60 annual DoorDash credit (through Dec. 31, 2021), Related reading: TPG’s reviews of the Chase Sapphire Preferred and Chase Sapphire Reserve. As an ultra-premium card, the Reserve requires a top-notch credit score. That being said, you won’t have to cancel your Chase Sapphire Preferred credit card in order to get your hands on the Reserve. But if you can take advantage of the Reserve’s many value-added perks, you might still want to get it instead. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. They both rack up valuable Chase Ultimate Rewards points, which can be redeemed directly toward travel bookings made through Chase, as well as transferred to more than a dozen airline and hotel partner loyalty programs. That’s a clear-cut advantage for the Preferred if you intend to transfer your points to one of Chase’s partner airlines or hotel programs. When you further consider that Reserve points are worth up to 20% more than Preferred points and it also offers up to $300 annual travel credit, it’s clear that Reserve is the winner of this category. If that fee doesn’t seem manageable, the Sapphire Preferred Card is a very worthwhile alternative. © 2021 THE POINTS GUY, LLC. The Chase Sapphire Reserve® is the ability to earn 50,000 points after spending $4,000 in the first three months. But if you are regularly booking airfare through the portal, it’s worth having the Reserve for the higher redemption rate. First things first: You can’t apply for a Chase Sapphire credit card if you already hold any Sapphire card – whether that’s the Preferred, the Reserve or even the now discontinued basic Sapphire card. View our latest valuations here. With the Reserve card, on the other hand, it costs $75 per year for each authorized user (most likely because each gets his or her own Priority Pass Select membership for airport lounge access). We may receive compensation when you click on links to those products. If you’re eligible, you’ll be reimbursed up to the actual cash value of most rental vehicles. Chase Sapphire Preferred vs. Chase Sapphire Reserve. Redemption values: Points earned with the Chase Sapphire Reserve transfer to the Ultimate Rewards program’s partners the same way they do with the Preferred. Opinions expressed here are entirely those of the AFAR editorial team. If you’re looking at applying for one or the other right now, it’s important to consider the Chase Sapphire Preferred‘s elevated sign-up bonus. Christine Krzyszton - UPDATED: January 5, 2021. Credit Cards / Strategies & Guides. Read our comparison chart below. This is 20,000 more points than the card usually offers. The difference between the Preferred's fee ($95) and the Reserve's (effectively $150) is $155. Please view our advertising policy page for more information. While the Chase Sapphire Reserve® offers perks, it has a much higher annual fee — $550, versus the Sapphire Preferred's $95 annual fee. I still think the Chase Sapphire Preferred is one of the single best overall cards on the market. Chase’s airline partners give you access to all three of the top alliances (Oneworld, Star Alliance and SkyTeam), so you’ll have a strong variety of options for putting your points to use. TheChase Sapphire Preferred recently offered its highest-ever sign-up bonus. Now through April 30, 2021, those merchants include grocery stores, dining (including delivery and takeout), home improvement stores, and a dozen eligible charities. It is the higher-tier card, but that doesn’t mean it’s necessarily the better card for you. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You’ll get three times the points for travel and dining in restaurants, compared to two times the points with the Preferred. The Chase Sapphire Reserve has a higher earning rate than the Chase Sapphire Preferred. Chase Sapphire Reserve vs. The Preferred has an 80,000-point bonus, while the Reserve offers a mere 50,000 points. Our coverage is independent and objective, and has not been reviewed, approved, or endorsed by any of these entities. When it comes to choosing between the Chase Sapphire Reserve vs Preferred, the good news is that they are both great credit cards. Focusing on travel, though, cardholders can also transfer points at a ratio of 1:1 to 10 airline frequent-flier and three hotel points programs, including United, Southwest, JetBlue, British Airways, Air France/KLM, Marriott, and Hyatt. The fact that the Chase Sapphire Preferred’s current sign-up bonus is 30,000 points higher than that of the Chase Sapphire Reserve throws off the usual calculus, though. Figuring out whether to get the Chase Sapphire Preferred or Chase Sapphire Reserve usually comes down to which card’s annual fee is more within your budget, and whether you’ll get enough value from the Reserve’s extra benefits to justify paying for it year after year. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. Chase introduced this powerhouse way back in 2009—a lifetime ago in terms of travel rewards cards. 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