But the cards bear other differences that are worth considering. 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. 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. It’s also worth comparing the coverage offered by these two cards for things like travel delays, trip cancellation and purchase protection. But if you are regularly booking airfare through the portal, it’s worth having the Reserve for the higher redemption rate. For example, 60,000 points are worth $750 toward travel. 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. Preferred: Interest Rates See, a $100 credit for the TSA PreCheck or Global Entry application fee, The best credit cards for everyday spending, The best credit cards for travel insurance, Limited time: 100% bonus when you buy Hilton points, Pre-departure testing and self-isolation for arrivals: Everything you need to know about traveling to the UK. A RED VENTURES COMPANY. Luckily, Chase has been pretty good at adapting card benefits to help most people still get value from their Chase Ultimate Rewards cards. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. 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). Points earned: While the Chase Sapphire Preferred only earns one point per dollar on most purchases, it racks up two per dollar on a wide variety of travel expenses: airline tickets, hotels, train tickets, car rentals, rideshares, and dining (both at restaurants and takeout/delivery). This site does not include all credit card companies or all available credit card offers. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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. With the Chase Sapphire Reserve, the terms and conditions actually cap reimbursement at $75,000. 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. Sign-up bonus: Earn 50,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months. Related reading: The best credit cards for travel insurance. AFAR participates in affiliate marketing programs, which means we may earn a commission if you purchase an item featured on our site. If you plan to apply those statement credits on a regular basis and use airport lounges frequently, the Reserve might be a better choice. This post contains references to products from one or more of our advertisers. Chase Sapphire Preferred vs Reserve. *Bonus value is an estimated value calculated by TPG and not the card issuer. The Reserve offers a sign-up bonus offer of 50,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first three months of card membership. Before we get into the benefits of these two cards, note that you can’t hold the CSP and the CSR at the same time, and you need to wait at least 48 months between earning the sign-up bonus on one card before you can earn it on the other. So the Preferred’s bonus is worth $1,000 this way, and the Reserve’s bonus is worth $750. AFAR partners with CreditCards.com and may receive a commission from card issuers. When the Reserve launched, however, it quickly became a go-to for luxury perks such as a Priority Pass Select membership and the annual $300 travel credit. In addition, you can transfer your rewards to airline miles or hotel points. Both cards come with no foreign transaction fees. The Chase Sapphire Reserve is a premium travel card so it is stacked with benefits including annual credits, a 50% boost to point value, superb coverage when it comes to travel and general purchases. You can redeem your reward points for a variety of awards including cash back, merchandise and travel reservations. Ink Business Preferred Overview. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. 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. Sapphire Preferred is $0.0125 per point while the Reserve is worth $0.015 per point. 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. However, those redeemed for travel reservations directly through the Chase portal, and other eligible purchases through the “Pay Yourself Back” feature, are worth 1.5 cents apiece compared to 1.25 cents with the Preferred. Terms apply to the offers listed on this page. That’s still a big difference, but there’s more to think about. The first advantage of the Sapphire Preferred is the most obvious: a significantly lower annual fee. The Reserve also offers statement credits worth up to $100 toward either a Global Entry or TSA PreCheck application once every four years. For an explanation of our Advertising Policy, visit this page. Related reading: The best credit cards for everyday spending. However, the Reserve comes with an additional $300 in annual travel statement credits, which can be put toward flights and hotel stays, plus things like taxi rides and even parking meters. It is the higher-tier card, but that doesn’t mean it’s necessarily the better card for you. It’s worth hundreds of dollars more without the Reserve’s $550 annual fee. If you earn more that 67,400 points a year, you’d be better off keeping a Reserve vs the Preferred ( $1011 in value vs $842.50 ) Overall: I downgraded my Reserve to a Preferred and I’m keeping it that way. With the Preferred, there’s no cost to add additional users. Redemption Winner: The edge goes to Sapphire Reserve. That's worth $750 when you redeem for travel on Ultimate Rewards. 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. Cardmembers can enroll for complimentary Priority Pass Select membership with access to more than 1,300 airport lounges worldwide, and bring two guests with them for free. 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. So the … Finally, they are also eligible for either a Global Entry or TSA PreCheck application fee statement credit, up to $100 once every four years. This is a … This article was originally published October 1, 2020, and updated November 9, 2020. 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. Here are the main factors you need to consider. 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. When it comes to choosing between the Chase Sapphire Reserve vs Preferred, the good news is that they are both great credit cards. Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. When it comes to purchase protection, the Preferred pays up to $500 per claim and up to $50,000 per account while the Reserve card pays up to $10,000 per claim and up to $50,000 per year ongoing as long as your account is in good standing. The Preferred has an 80,000-point bonus, while the Reserve offers a mere 50,000 points. If you decide that you would get more value with the Reserve card’s features, you can always request an upgrade later down the line. The Sapphire Reserve costs $550 per year while the Preferred costs only $95. Bank of America Premium Rewards vs. Chase Sapphire Preferred. Read our comparison chart below. Reserve’s bonus rate is 3 points per $1 spent, while Preferred gives you just 2 points per $1. 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. Sign-up bonus: Earn 80,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening. 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. Sign up for our daily newsletter. TheChase Sapphire Preferred recently offered its highest-ever sign-up bonus. 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. Other benefits: This card is an excellent option to use when traveling internationally since it waives foreign transaction fees. With the Chase Sapphire Preferred offering a slightly higher sign-up bonus of 60,000 points after you spend $4,000 in the first three months and travel understandably on the back burner for many cardholders, there are plenty of reasons why it could be the more attractive option for your wallet. The Chase Sapphire Reserve® is the ability to earn 50,000 points after spending $4,000 in the first three months. © 2021 THE POINTS GUY, LLC. With more cards cutting trip insurance, premium coverage is harder to come by. Also, make sure you don’t bump up against Chase’s infamous 5/24 rule. Preferred: How They Compare. If you’re delayed and need to spend on meals, lodging, or other necessities, the Reserve’s coverage kicks in at 6 hours instead of 12 for the Preferred, and the same for if your bag is delayed and you need to buy replacement clothes or toiletries. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You could be looking to help someone build up his or her credit history; you might want to provide employees with cards for a business account or maybe you’re looking to earn bonus rewards for adding additional users. The Chase Sapphire Preferred Card has long been a TPG favorite. To its credit, the American Express® Gold Card has a $100 airline fee credit, but it's only applicable toward airline incidentals. 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. This compensation may impact the presentation of offers or affiliate links on this site. Category Winner: Chase Sapphire Reserve. >>Next: These Countries Just Made It Easier for Americans to Move and Work Abroad, All Travelers to U.S. Will Need Negative COVID Test, Americans Have Traveled to Mexico Throughout COVID, California’s Lockdown: What Travelers Need to Know, Sign up for the Daily Wander newsletter for expert travel inspiration and tips, Economy Just Got Some Major Upgrades on JetBlue’s Newest Plane, How to Win at Travel With Chase Ultimate Rewards, How to Earn, Redeem, and Maximize Marriott Bonvoy Points. Opinions expressed here are entirely those of the AFAR editorial team. If you’re looking for a solid travel credit card with comprehensive protections and a decent rate of return on spending, though, the Chase Sapphire Preferred might be the card for you. 60,000-Point sign-up bonus per year while the Reserve will better serve your travel needs HIGHLIGHTS: 2X points all! Be making a great choice whistles and a higher sign-up bonus and foremost! 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