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Credit Cards

Chase Sapphire Reserve vs Chase Sapphire Preferred Card: Which is best for you?

Chase has two Sapphire credit cards that are popular among avid travelers: The Sapphire Reserve and the Sapphire Preferred. We compare the two cards so you can decide which is the best option for your needs.

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Source: Chase
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Chase is a leader in travel rewards cards, and its Sapphire cards have become cult favorites for frequent travelers. In fact, when it launched the Chase Sapphire Reserve® in 2016, there was so much demand, despite the $550 annual fee, that Chase ran out of the metal required to make the card.

In addition to the Sapphire Reserve, there is a more affordable option: the Chase Sapphire Preferred® Card. These two popular travel cards have very similar names but very different rewards programs.

Frequent travelers who are looking for access to luxury perks, such as lounge access and travel credits, will see more value in the Reserve versus the Preferred. However, the Preferred may be a better choice for consumers who don't want to fork over $550 a year for a credit card since the fee is just $95.

If you're in the market for a travel card and have good or excellent credit (scores 670 or higher), you have the best chances of qualifying for one of the Chase Sapphire cards and enjoying the cards' great travel perks.

Below, Select breaks down what sets these two cards apart, so you can choose the one that provides the most benefit for your spending habits.

Annual fee

The two Chase Sapphire cards have very different annual fees, so it's important to do the math and see which card makes the most financial sense for your lifestyle.

While your jaw may drop at the $550 annual fee for the Sapphire Reserve, you can effectively recoup the fee if you utilize all the added card benefits. Just by accounting for the $300 annual travel credit, the fee is already reduced to a more manageable $250.

Then there's the Priority Pass Select membership, which can be valued at $99 to $429, depending on membership level. The membership level you receive with the Sapphire Reserve is closer to the $429 Prestige tier.

Sapphire Reserve cardholders can also take advantage of Global Entry/TSA PreCheck credit of up to $100 every four years, which lowers the cost of the card even more.

You don't get any of these credits with a Sapphire Preferred card, but the $95 annual fee is pretty standard among the best travel rewards cards.

Winner: It's a toss-up. The Chase Sapphire Preferred has a lower $95 annual fee, but if you use all the benefits from the Sapphire Reserve, you'd wind up with a lower effective annual fee.

Rewards

Both cards offer the same bonus categories — worldwide travel and worldwide dining — but the points value varies by card. With the Sapphire Reserve, you earn 5X points on air travel and 10X points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® (immediately after earning your $300 travel credit). Plus, earn 3X points on other travel and dining, and 1X point on all other purchases.

The Sapphire Preferred, on the other hand, gives you 5X points on travel purchased through Chase Ultimate Rewards, 3X points on dining and 2X points on all other travel purchases.

Winner: The Chase Sapphire Reserve offers 5X points on air travel, plus 10X points on hotels and car rentals, after you earn a $300 travel credit. It also offers 3X points on other travel and dining. This gives you more rewards over the course of five years, even with the high annual fee.

Redemption

Both cards allow you to redeem rewards in a variety of ways, from statement credit to gift cards to travel. However, travel redemptions come with a unique perk: If you redeem points for travel through the Chase Ultimate Rewards® portal, they're worth 25% more for Sapphire Preferred cardholders and 50% more for Sapphire Reserve cardholders.

For example, 50,000 bonus points are worth $500. But if you buy your plane ticket with your Sapphire Preferred card through the rewards portal, the value of your points increases 25% to $625. And it jumps to $750 for Sapphire Reserve cardholders, thanks to the 50% bonus.

Winner: The Sapphire Reserve is the winner, offering double the value on points redeemed for travel.

Welcome bonus

Currently, the Sapphire Preferred and Sapphire Reserve offer welcome bonuses that require you to spend $4,000 on purchases in the first three months from account opening to earn extra points. While the spending requirements are the same, the earning potential is not.

When you meet the spending requirements for the Sapphire Preferred or Sapphire Reserve, you'll earn 60,000 bonus points.

The Chase Sapphire Preferred's 60,000-point bonus can be worth up to $750 when you redeem for travel through Chase Ultimate Rewards® or as a statement credit with the Pay Yourself Back feature, since point redemptions are worth 25% more this way. If you redeem points for cash back outside of Pay Yourself Back, 60,000 points are worth $600.

The Chase Sapphire Reserve's 60,000-point bonus is worth up to $900 when you redeem for travel through Chase Ultimate Rewards® or as a statement credit with the Pay Yourself Back feature, since point redemptions are worth 50% more this way. If you redeem points for cash back outside of Pay Yourself Back, 60,000 points are worth $600.

Winner: They both offer 60,000 points, but because the Sapphire Reserve points are worth 50% more when redeemed through the travel portal — the 'big brother' card has a slight edge.

Added perks

Both cards come with a bunch of added protections and discounts, but differ in a few significant offerings. Here's a breakdown of the perks offered by both cards:

Consumers with either card can benefit from:

  • Complimentary DashPass (worth up to $200) for a minimum of one year(Activate by December 31st, 2024)
  • Bonus rewards on Lyft purchases (10X for Reserve and 5X for Preferred), through March 31st, 2025
  • No foreign transaction fees
  • Purchase protection
  • Extended warranty protection
  • Trip cancellation/interruption insurance
  • Auto rental collision damage waiver
  • Baggage delay insurance
  • Trip delay reimbursement
  • Travel and emergency assistance services

Sapphire Reserve cardholders enjoy these added perks:

  • $300 annual travel credit
  • Global Entry/TSA PreCheck fee credit of up to $100 every four years
  • Complimentary year of Lyft Pink membership (worth $19.99 per month), which includes 15% off car rides, relaxed cancellations, and priority airport pickups
  • Priority Pass™ Select lounge access at 1,000+ VIP lounges in over 500 cities worldwide (valued at $429)
  • Special benefits at The Luxury Hotel & Resort Collection, such as complimentary room upgrades, early check-in and late check-out
  • Lost luggage reimbursement
  • Return protection
  • Emergency evacuation and transportation
  • 24/7 direct access to customer service specialists

Winner: Sapphire Reserve with over a dozen cardholder perks and annual credits that help lower the cost of owning the card.

Bottom line

At the end of the day, choosing the right Chase Sapphire card depends on individual preferences such as how you spend your money and how you plan to use the card.

If you're traveling often and want access to more high-end perks (and are willing to pay for them), the Sapphire Reserve may be a better option with its premium lounge access, Global Entry or TSA PreCheck credit and $300 annual travel credit — all of which help to effectively reduce the overall cost of the card's $550 annual fee.

However, if you don't travel enough to get the most bang for your buck with the Sapphire Reserve, the lower-cost Sapphire Preferred is a solid choice. It may not have the premium perks, but it offers a competitive 25% bonus on travel reward redemptions, a suite of travel and purchase protections and a competitive welcome bonus — all for a more reasonable $95 annual fee.

While these cards are both good options for frequent travelers, there are alternative options available that may be a better fit. If you're looking for a card that offers more flexibility for how you can redeem points, check out Select's round up of the best cash-back credit cards.

Learn more: 

Chase Sapphire Preferred® Card

On Chase’s secure site
  • Rewards

    $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases, and 1X points on all other purchases

  • Welcome bonus

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    17.49% - 24.49% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply.

 

Chase Sapphire Reserve®

On Chase's secure site
  • Rewards

    Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025

  • Welcome bonus

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

  • Annual fee

    $550

  • Intro APR

    None

  • Regular APR

    18.49% - 25.49% variable

  • Balance transfer fee

    5%, minimum $5

  • Foreign transaction fee

    None

  • Credit needed

    Excellent

Terms apply.

 

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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