Chase Sapphire Preferred vs. Chase Sapphire Reserve. Now that we’ve outlined the benefits of each card, lets try and answer the worth it question. 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. Both cards have received temporary benefits from Chase to help cardholders maximize their cards while travel may not be in everyone’s 2020 plans, and the Chase Sapphire Reserve has understandably gotten higher temporary earning rates as well — 10x on select streaming services (on up to $1,500), 5x at gas stations (on up to $1,500) and 5x on Instacart (up to $3,000) through Sept. 30, 2020. With the Chase Sapphire Reserve, the terms and conditions actually cap reimbursement at $75,000. Sign-up bonus: Earn 50,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months. 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. Related reading: The best credit cards for travel insurance. While both cards can access the Ultimate Rewards portal and can be used in any one of the above categories, the Reserve offers more redemption power when used for travel. The difference between the Preferred's fee ($95) and the Reserve's (effectively $150) is $155. Update: The Chase Sapphire Preferred® Card offer mentioned below is no longer available. 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. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. For example, if you know you’ll spend $50 per month on Lyft and $1,000 a month on travel and dining, here’s what your yearly earnings would look like with each card: You can see that there is potentially a huge difference in earnings over the course of a year. Also, make sure you don’t bump up against Chase’s infamous 5/24 rule. While the Chase Sapphire Reserve® offers perks, it has a much higher annual fee — $550, versus the Sapphire Preferred's $95 annual fee. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. It’s worth noting that the Preferred’s coverage excludes “expensive, exotic and antique automobiles.”. This is 20,000 more points than the card usually offers. This perk provides reimbursement for damage as a result of collision or theft for rentals of 31 days or less when you decline the rental agency’s CDW. Higher fee, better perks: The Chase Sapphire Preferred doesn’t boast much in the way of value-added benefits apart from its new DoorDash DashPass perks, which the Reserve also offers. It's even better than the Amex Platinum for everyday spending on dining and groceries. If you’ll be spending at least $300 on travel in a year anyway, it could be worth paying more for the Reserve. AFAR does not include all financial companies or all available financial offers. 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 … 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). It’s worth hundreds of dollars more without the Reserve’s $550 annual fee. The Chase Sapphire Reserve® has a feature that's unmatched by the American Express® Gold Card and the Chase Sapphire Preferred® Card: a $300 annual travel credit, which effectively knocks the card's annual fee from $550 to $250. TPG credit card reader question: When does Southwest Air calculate companion pass points? Both offer nearly identical trip cancellation and interruption insurance, primary auto rental coverage, and lost luggage reimbursement if your bags go missing. As an ultra-premium card, the Reserve requires a top-notch credit score. Bank of America Premium Rewards vs. Chase Sapphire Preferred. *Bonus value is an estimated value calculated by TPG and not the card issuer. If you plan to apply those statement credits on a regular basis and use airport lounges frequently, the Reserve might be a better choice. The Chase Sapphire Reserve® is the ability to earn 50,000 points after spending $4,000 in the first three months. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. The first advantage of the Sapphire Preferred is the most obvious: a significantly lower annual fee. Now through March 2022, cardholders can also register to earn five points per dollar on Lyft rides. If you’re eligible, you’ll be reimbursed up to the actual cash value of most rental vehicles. TPG values Ultimate Rewards points at 2 cents each, meaning this bonus is worth up to $1,200. Even though it doesn’t offer all the same premium benefits, the Sapphire Preferred Card offers identical transfer benefits to the Reserve card. 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. Its luxury sibling, the Chase Sapphire Reserve has a $450 annual fee, but it also provides more rewards and bonuses. Chase Sapphire Reserve vs. It is the higher-tier card, but that doesn’t mean it’s necessarily the better card for you. Sign up for our daily newsletter. >>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. Comparing it to the Chase Sapphire Reserve feels a little unfair, though, because they’re not really in the same league. The more you plan to spend in those bonus categories, the bigger the difference in rewards. 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. 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. And there’s more: Sapphire Reserve cardholders get one free year of Lyft Pink, which provides 15% off rides, priority airport dispatch, relaxed cancellation fees, and more. Chase introduced this powerhouse way back in 2009—a lifetime ago in terms of travel rewards cards. So the Preferred’s bonus is worth $1,000 this way, and the Reserve’s bonus is worth $750. In addition, you can transfer your rewards to airline miles or hotel points. Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. ALL RIGHTS RESERVED. Full Disclosure: We may receive financial compensation when you click on links and are approved for credit card products from our advertising partners. © 2021 THE POINTS GUY, LLC. You can always request an upgrade later on if you decide the Reserve will better serve your travel needs. Sapphire Preferred is $0.0125 per point while the Reserve is worth $0.015 per point. If that fee doesn’t seem manageable, the Sapphire Preferred Card is a very worthwhile alternative. Ink Business Preferred Overview. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. Featured photo John Gribben for The Points Guy. 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. Redemption Winner: The edge goes to Sapphire Reserve. 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. Luckily, Chase has been pretty good at adapting card benefits to help most people still get value from their Chase Ultimate Rewards cards. Chase Sapphire Preferred has a $95 annual fee.You get 2x points on travel and dining, and 1x on everything else.You get a sign-up bonus of 60,000 points after you spend $4,000 on purchases within the first 90 days. To its credit, the American Express® Gold Card has a $100 airline fee credit, but it's only applicable toward airline incidentals. Please view our advertising policy page for more information. The Chase Sapphire Preferred is a step down from the Chase Sapphire Reserve. 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. The Chase Sapphire Preferred has a $95 annual fee and the foremost choice of most travelers. Preferred: Interest Rates This is a … The Chase Sapphire Preferred can’t compete with the Reserve when it comes to perks such as the annual travel credit and the return on bonus-category spending, but this card still could make more sense for you. There’s no question that the Chase Sapphire Preferred is an awesome card. For an explanation of our Advertising Policy, visit this page. Sign-up bonus: Earn 80,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening. 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. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. Those who spend a lot on Lyft, travel and dining will find the added points per dollar on those purchases rewarding. The Chase Sapphire Reserve and Ink Business Preferred are two excellent cards, but it can be hard to justify keeping both travel-centric cards when you may not be flying to far-flung destinations anytime soon. Of course, it’s worth keeping in mind that the Sapphire Reserve offers a $300 annual travel credit, which effectively lowers the cost to just $250 per year — a $155 premium over the Sapphire Preferred. It also offers some of the best travel protections available with any credit card, including primary rental car insurance so you don’t have to pay for the agency’s expensive policy or go through your own insurance if you hit bumps in the road, and trip cancellation and interruption insurance that can cover nonrefundable expenses up to $10,000 per person or $20,000 per trip. Please view our advertising policy page for more information. 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. 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 site does not include all credit card companies or all available credit card offers. We may receive compensation when you click on links to those products. 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. Keep in mind, the Mastercard Black Card has a $495 annual fee ($195 for each Authorized User added to the account), while the Chase Sapphire Reserve has a $550 annual fee . 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 could be a deciding factor. This compensation may impact the presentation of offers or affiliate links on this site. 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 Preferred card offers a sign-up bonus offer of 60,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first three months of card membership. Preferred: How They Compare. The Sapphire Reserve costs $550 per year while the Preferred costs only $95. Both the Preferred and the Reserve offer a great selection of travel insurance benefits but you get better coverage with the Reserve — almost double the coverage amount on some benefits like travel accident insurance and purchase protection. 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. 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. January 1, 2021 March 24, 2020 by Spencer. 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases. Finally, they are also eligible for either a Global Entry or TSA PreCheck application fee statement credit, up to $100 once every four years. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. 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. Chase Sapphire Reserve vs. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. In fact, I’ve held off on upgrading my own Chase Sapphire Preferred to the Chase Sapphire Reserve this year in light of the coronavirus pandemic and my limited travel spending in 2020. How to decide between the Chase Sapphire Preferred’s sign-up bonus and the Chase Sapphire Reserve’s valuable perks. You might assume that the Chase Sapphire Reserve — which comes with a higher annual fee and more luxury benefits — is always the better choice. It’s also worth comparing the coverage offered by these two cards for things like travel delays, trip cancellation and purchase protection. 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. Although they offer some identical benefits, there are a few differences: The Chase Sapphire Reserve is obviously the more premium of the two cards. Blue Cash Preferred® Card from American Express, 60,000 points after you spend $4,000 on purchases in the first three months, 50,000 points after you spend $4,000 on purchases in the first three months, Primary; “expensive and exotic cars” are excluded, Primary; provides reimbursement up to $75,000 for theft and collision, Up to $50 per incident, up to four times a year, Up to $500 per ticket for delays of 12 or more hours (or requiring an overnight stay), Up to $500 per ticket for delays of 6 or more hours (or requiring an overnight stay), Up to $3,000 per person (up to $500 per person for jewelry, watches, cameras, video recorders and other electronic equipment), $500,000 for common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit, $1,000,000 for common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit, Up to $500 per claim and up to $50,000 per year, Up to $10,000 per claim and up to $50,000 per year, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The Chase Sapphire Reserve has a higher earning rate than the Chase Sapphire Preferred. Reserve’s bonus rate is 3 points per $1 spent, while Preferred gives you just 2 points per $1. There are various reasons to consider an authorized user. But if you can take advantage of the Reserve’s many value-added perks, you might still want to get it instead. Chase Sapphire Preferred vs. Sapphire Reserve. Related reading: The best credit cards for everyday spending. 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. That would bring your Reserve earnings up to 78,000 points annually ($1,560 in value) versus 51,000 points with the Preferred ($1,020). The Points Guy will not sell your email. Here's the value you'll get with the Chase Sapphire Reserve® vs. Preferred® Card: Chase Sapphire Preferred® Card: $0.0125 per point; Chase Sapphire Reserve®: $0.015 per point Military Money Manual … The Chase Sapphire Reserve and the Chase Sapphire Preferred Card are two of the most talked-about travel credit cards, thanks to the valuable Ultimate Rewards program, top-notch benefits and valuable travel protections. Read our comparison chart below. This site does not include all credit card companies or all available credit card offers. 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. To do so we’ll rely on the following data points for 2017. It offers a 25% boost to point value and some pretty good travel and purchase coverage. 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. SIMILARITIES OF CHASE SAPPHIRE RESERVE VS PREFERRED. 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. 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. 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. So the … 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. That being said, you won’t have to cancel your Chase Sapphire Preferred credit card in order to get your hands on the Reserve. The Reserve also offers statement credits worth up to $100 toward either a Global Entry or TSA PreCheck application once every four years. For most, the choice between these two particular cards usually comes down to their annual fees—the Chase Sapphire Reserve charges $550 per year while the Chase Sapphire Preferred requires a relatively modest $95. Opinions expressed here are entirely those of the AFAR editorial team. 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. But if you are regularly booking airfare through the portal, it’s worth having the Reserve for the higher redemption rate. 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. No matter which one you choose, you will be making a great choice. You can redeem your reward points for a variety of awards including cash back, merchandise and travel reservations. 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. The Sapphire Reserve has higher per-claim thresholds than the Sapphire Preferred when it comes to purchase protection and … Other benefits: Cardholders can enjoy $300 in annual credit as reimbursement for travel purchases each account year. These Countries Just Made It Easier for Americans to Move and Work Abroad. A $600 plane ticket will cost you 48,000 points with the Preferred but only 40,000 points with the Reserve. CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners. You’ll still need a solid score for the Sapphire Preferred (typically somewhere in the high 600s to the 700s), but you might have an easier time getting approved for that card if your score is on the low end of the optimal range. 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. Editor’s note: This is a recurring post that is regularly updated with new card information and details. Keep in mind, though, that you won’t earn 3x on travel until you have used up your $300 travel credit. I would like to subscribe to The Points Guy newsletters and special email promotions. Chase Sapphire Preferred vs Reserve. View the current offer. Read our comparison chart below. Check out our guide on maximizing Chase’s transfer partners. 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. 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. 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). If you’re looking for premium perks, the Reserve is the way to go. 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. Apply here for the Chase Sapphire Preferred Card with a 60,000-point sign-up bonus. Here's why the Chase Sapphire Preferred might be a better choice than the more premium Chase Sapphire Reserve. Want more credit card news and advice from TPG? 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. This article was originally published October 1, 2020, and updated November 9, 2020. It comes with a generous signup bonus and offers big bonus rewards for both travel and dining purchases. Through December 31, 2020, this can also be put toward groceries and gas. Chase Sapphire Reserve Card vs. Amex Gold Card [Detailed Comparison] BY . Chase Sapphire Reserve cardholders can register for DoorDash DashPass with the same benefits as Preferred members. Long before Chase introduced the Sapphire Reserve, award travelers sang the praises of the Sapphire Preferred card’s auto collision damage waiver (CDW) benefit. Now through April 30, 2021, those merchants include grocery stores, dining (including delivery and takeout), home improvement stores, and a dozen eligible charities. Other benefits: This card is an excellent option to use when traveling internationally since it waives foreign transaction fees. The Chase Sapphire Preferred Card has long been a TPG favorite. (It’s unlikely you’d need more reimbursement from either card, since most rental cars are worth far less.) Either $5 or 5% of the amount of each transfer, whichever is greater. 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. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. The Sapphire Reserve has more bells and whistles and a higher annual fee while the Preferred is more affordable and has great value. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Up to $1,000,000 in coverage. The Chase Sapphire Reserve allows you to redeem each point at 1.5 cents each, compared to 1.25 cents each with the Preferred. Reserve vs. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This post contains references to products from one or more of our advertisers. Redemption values: Ultimate Rewards points earned with the Chase Sapphire Preferred are worth 1.25 cents apiece when redeemed directly for travel reservations—such as flights, hotels, and cruises—booked directly through the Chase travel portal. It earns one point per dollar everywhere else. Our coverage is independent and objective, and has not been reviewed, approved, or endorsed by any of these entities. 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. That’s still a big difference, but there’s more to think about. 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. 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. 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. 03/04/2019 Tell your friends. This makes using your card on your trips even easier since you have one less thing to think about. With more cards cutting trip insurance, premium coverage is harder to come by. 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. 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. But the cards bear other differences that are worth considering. Category Winner: Chase Sapphire Reserve. Preferred vs Reserve: How the Chase Sapphire credit cards stack up David Slotnick. In addition to a higher earning rate, the Reserve also comes with a higher redemption rate when you book travel through the Chase Ultimate Rewards portal. Has more bells and whistles and a higher earning rate than the card issuer booking! 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