Chase Sapphire Preferred® vs. Chase Sapphire Reserve®

Written by
Jennifer Doss
Terms apply; see the online credit card application for full terms and conditions of offers and rewards.

sapphire preferredsapphire reserve

Frequent travelers are sure to appreciate the fact that both the CardNamediscontinued and the CardNamediscontinued earn users multiple points per dollar spent not only on airline purchases, but on all travel related expenses, such as taxi rides and hotel stays, as well. This, paired with high-value introductory offers and a number of great travel and purchase protection benefits, makes these two cards some of the most popular travel credit cards that Chase has to offer. 

At first glance it may appear that there’s little difference between these two cards. While it’s true that they both offer some identical perks, when comparing them side by side you’ll quickly see that there are several areas where the cards vastly differ.

Annual fees

The first thing you might notice, for example, is that the CardName credit card comes with a hefty annual fee of AnnualFees, plus an additional $75 annual fee for each authorized user (versus the Preferred card’s AnnualFees annual fee). You might also notice, however, that there’s a long list of premium travel benefits offered with the Reserve that could very well make the fee worth it for some users.

Bonus points

The new member signup bonuses are the same, but, the thing to really look at is the value of the points being offered.

The CardName offers new users 60,000 points once spending $4,000 in the first three months, and the CardName offers 80,000 points, under the same spending conditions. However, through this rewards system, CardName points are worth 50% more, and CardName points are worth 25% more when redeemed for travel. That means the Sapphire Preferred® bonus is worth $750 in travel and the Sapphire Reserve® bonus is worth $1,200 when redeemed for travel through the portal.

Earning rates

When it comes to rewards earned through spending, the CardName earns just a little bit more, but in more restricted categories. With the Reserve card, earn five points on flights and 10 points on hotels and car rentals booked through Ultimate Rewards® immediately after earning your travel reimbursement and three points on other travel (after earning your annual travel reimbursement) as well as on dining worldwide.

The Preferred card, on the other hand, offers five points per $1 spent on travel purchased through Ultimate Rewards®; three points on dining, select streaming purchases and online grocery store purchases (excluding Target, Walmart and wholesale clubs); two points per $1 on travel; and one point per dollar on everything else. 

Even with the Reserve credit card’s high annual fee, if you dine out and travel often, and want to reap high-rewards throughout the process, we think having either one of these cards in your wallet is a smart choice. When it comes to deciding which is the better option for you, since the purchase and balance transfer APRs are similar, ultimately, the decision boils down to which benefits matter to you the most.

To learn more, check out the table below to compare the various rewards, benefits, features, and fees associated with each card.

CardName vs. CardName

Annual Fee

AnnualFees

AnnualFees annual fee for the primary cardholder, plus $75 annually for each authorized user

New Cardholder Bonus Offer

60,000 bonus points after you spend $4,000 on purchases within the first three months of opening an account

80,000 bonus points after you spend $4,000 on purchases within the first three months of opening an account

Rewards

  • 5 points per $1 on travel purchased through Ultimate Rewards®
  • 3 points on dining (including eligible takeout and delivery)
  • 3 points on select streaming services
  • 3 points on online grocery store purchases (excluding Target, Walmart and wholesale clubs)
  • 2 points on travel
  • 1 point on other purchases
  • 10 points on car rentals and hotels booked through Ultimate Rewards® (after earning your annual reimbursement)
  • 10 points on Chase Dining purchases through Ultimate Rewards®
  • 5 points on flights booked through Ultimate Rewards (after earning your annual reimbursement)
  • 3 points for each $1 spent on other travel (after earning your annual $300 travel reimbursement)
  • 3 points per $1 on dining purchases
  • 1 point per $1 on all other purchases

Redeeming Rewards

  • 25% more value when redeemed for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel when redeemed through Chase Ultimate Rewards® compared to $600 when redeemed for cash.
  • 1:1 point transfer to leading airline and hotel loyalty programs such as British Airways Executive Club, Southwest Airlines Rapid Rewards, Marriott Rewards, and the World of Hyatt.
  • 50% more value when redeemed for travel through Chase Ultimate Rewards. For example, 80,000 points are worth $1,200 toward travel when redeemed through Chase Ultimate Rewards compared to $800 when redeemed for cash.
  • 1:1 point transfer to leading airline and hotel loyalty programs such as British Airways Executive Club, Southwest Airlines Rapid Rewards, Marriott Rewards, and the World of Hyatt.

Purchase and Balance Transfer APR

RegAPR

RegAPR

Foreign Transaction Fees

foreign_fee

foreign_fee

Travel Protection

  • Trip cancellation/interruption insurance up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses
  • Trip delay reimbursement up to $500 per ticket if you’re delayed more than 12 hours or require an overnight stay
  • Baggage delay insurance up to $100 a day for five days for baggage delays over 6 hours
  • Lost luggage reimbursement up to $3,000 per passenger
  • Travel accident insurance up to $500,000
  • Travel and emergency assistance services
  • Auto rental collision damage coverage which provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad
  • Trip cancellation/interruption insurance up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses
  • Trip delay reimbursement up to $500 per ticket if you’re delayed more than 6 hours or require an overnight stay
  • Emergency evacuation and transportation coverage up to $100,000
  • Emergency medical and dental reimbursement up to $2,500 for medical expenses if you or your immediate family member becomes sick or injured more than 100 miles away from your home
  • Baggage delay insurance up to $100 a day for five days for baggage delays over 6 hours
  • Lost luggage reimbursement up to $3,000 per passenger
  • Auto rental collision damage coverage which provides reimbursement up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad
  • Roadside assistance up to $50 per incident up to four times a year

Premium Travel Benefits

  • $50 annual hotel credit for stays purchased through Ultimate Rewards®
  • Earn 5x points per $1 spent with Lyft through March 2022
  • Up to a $100 application fee credit for Global Entry or TSAPreCheck® Approved every four years
  • $300 annual travel reimbursement statement credit
  • Access to 1,000+ airport lounges worldwide after a one-time enrollment in Priority Pass Select
  • Special hotel benefits such as complimentary room upgrades and early check-in and late check out offers
  • Enjoy a complimentary Lyft Pink membership, a $199 minimum value.

Purchase Protection

  • Purchase protection covering new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account
  • Extended warranty protection which extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less
  • Purchase protection covering new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per year
  • Extended warranty protection which extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less
  • Return protection allowing reimbursement for eligible items that the store won’t take back within 90 days of purchase, up to $500 per item, and $1,000 per year

Customer Service

  • 24/7 access to a customer service specialist
  • Access to a Visa Infinite Concierge who can help with things like dinner reservations or Broadway, music, and sporting event ticket bookings

For a full synopsis of each card, be sure to check out our CardName and CardName reviews.

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Disclaimer:

The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

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