Find Your Best
Chase Sapphire Preferred® Card
vs. Chase Sapphire Reserve® Card
Updated: December 5, 2024
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At first glance, there aren’t many differences between the Chase Sapphire Preferred Card and the Chase Sapphire Reserve Card. Both offer significant sign-up bonus points and neither charges foreign transaction fees, making them ideal for international use.
Although both are useful for frequent travelers, the card that fits you depends on your travel goals and spending habits. Considering that you can’t hold the Chase Sapphire Preferred Card and the Chase Sapphire Reserve Card simultaneously, knowing which one suits you best is crucial. MoneyGeek provides a comparison across various areas to help you decide.
Comparison Overview: Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve® Card
- Chase Sapphire Preferred® CardChase Sapphire Reserve® Card
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Chase Sapphire Preferred® Card At a Glance
The benefits of having a Chase Sapphire Preferred Card come early. You can earn 60,000 bonus points if you can spend $4,000 on purchases within three months from when you first opened your account. It gives you over $750 for travel if you redeem it through Chase Travel℠.
You also earn points when you use your card in other ways. Earn 5X points on Chase Travel℠ (excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit), 3X points at restaurants, select streaming service,es and online grocery purchases (excluding Target, Walmart and wholesale clubs), 2X points on all other travel purchases and 1X points on general purchases.
One of the Chase Sapphire Preferred Card’s most attractive features is its modest $95 annual fee.
- Chase Sapphire Preferred® Card
A very good rewards card with no foreign transaction fees and comprehensive travel cover
- 1–5 Points per $1Rewards Rate
- 21.49%–28.49% VariableAPR
- $95Annual Fee
- 670–850 (Good to Excellent)Recommended Credit
Pros
- Generous new cardholder bonus
- High rewards on travel and dining
- No foreign transaction fees
- With travel insurance and benefits
- Flexible rewards redemption options
Cons
- Annual fee
- High credit requirement
- Rewards program can be complex
- Potentially high APR
Introductory Offers
- Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
Rewards
- Earn 5X points on travel booked through Chase Travel.
- Earn 3X points on dining, select streaming services and online groceries.
- Earn 2X points on all other travel purchases.
- Earn 1X points on all other purchases.
- Points are worth 25% more when redeemed for travel through Chase Travel, making 60,000 points equivalent to $750 in travel value.
Perks & Benefits
- Enjoy a $50 Annual Chase Travel Hotel Credit.
- Benefit from Trip Cancellation/Interruption Insurance.
- Use Auto Rental Collision Damage Waiver.
- Protect your belongings with Lost Luggage Insurance.
- Get complimentary DashPass access with $0 delivery fees and lower service fees for at least one year when activated by December 31, 2027.
Chase Sapphire Reserve® Card At a Glance
The Chase Sapphire Reserve Card shares several similarities with the Chase Sapphire Preferred Card, like offering a welcome bonus and allowing you to earn points from your purchases. However, you’ll notice the difference when you delve into the details.
You’ll earn 60,000 sign-up bonus points if you’re able to spend $4,000 within three months from your account opening. You can also earn points from using your card on your purchases. Chase Sapphire Reserve Card, however, works best if you travel a lot — you’ll get as much as 10X points if you use it for hotels or car rentals. If you use it to purchase travel through Chase Travel℠, you earn 5X points.
The Chase Sapphire Reserve Card charges a higher annual fee of $550, but you automatically get $300 worth of credit travel each year. It makes your annual payment more manageable, and you’ll be eligible for other benefits such as airport lounge access when you travel.
- Chase Sapphire Reserve® Card
Best for premium travel with flexible redemption points
- 1–10 Points per $1Rewards Rate
- 22.49% - 29.49% VariableAPR
- $550Annual Fee
- ExcellentRecommended Credit
Pros
- Exceptional point rewards for dining and travel through Chase Travel℠
- Boosted redemption value for travel
- Substantial signup bonus
- Exclusive luxury perks for travelers
- Travel and purchase protection
- Annual travel credit
Cons
- High annual fee
- No introductory APR period
- High variable APR
Introductory Offers
- Earn 60,000 bonus points after spending $4,000 in the first three months.
Rewards
- Earn 5x points on flights and 10x points on hotels and car rentals when booked through Chase Travel℠ after the first $300 is spent on travel annually.
- Earn 3x points on other travel and dining purchases.
- Earn 1 point per dollar spent on all other purchases.
- Points are worth 50% more when redeemed for travel through Chase Travel℠.
Perks & Benefits
- Receive a $300 annual travel credit for travel purchases.
- Enjoy complimentary DashPass for a year with activation by December 31, 2027.
- Transfer points 1:1 to leading airline and hotel loyalty programs.
- Access over 1,300 airport lounges worldwide with Priority Pass Select.
- Get up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck.
- Benefit from Trip Cancellation/Interruption Insurance.
- Use Auto Rental Collision Damage Waiver.
- Protect your belongings with Lost Luggage Insurance.
Comparison Summary
If you compare the Chase Sapphire Preferred Card and the Chase Sapphire Reserve Card, you’ll notice they differ in several areas although they’re both travel rewards cards. The table below explores these differences and details which card has an advantage for each segment.
Card Detail | Comparison Summary |
|---|---|
Trip Cancellation Benefits | If you’re unable to push through with your trip due to an uncontrollable event, both cards provide trip cancellation benefits, which may help cover your losses. Chase Sapphire Preferred Card provides the primary cardholder up to $5,000 coverage per trip or $10,000 per 12-month period. If protection extends to several people while traveling, these amounts increase to $10,000 per trip or $20,000 per 12-month period. Chase Sapphire Reserve Card offers similar benefits but with higher limits. It pays up to a maximum of $20,000 per occurrence. If you cover several people, you get up to $10,000 per person for each trip. All in all, it results in a maximum of $40,000 in 12 months. Winner: Chase Sapphire Reserve Card |
Authorized Users | You can add authorized users for both cards. While the Chase Sapphire Reserve Card requires you to pay $75 annually for each person, the Chase Sapphire Preferred Card allows you to do this for free. Winner: Chase Sapphire Preferred Card |
Welcome Bonus | Both cards offer a welcome bonus offer of 60,000 points if you spend $4,000 in first 3 months. Winner: Tie |
Rewards | Worldwide dining and travel are bonus categories for both cards, which means you’ll earn points each time you make purchases under these categories. However, the Chase Sapphire Reserve Card gives you 5X points on air travel and 10X points on hotels and car rentals. You’ll be able to get these if you make your purchases through Chase Travel℠. If you make similar purchases using the Chase Sapphire Preferred Card, the most you’ll get is 5X points for travel purchased through Chase Travel℠. All other travel purchases, such as hotels, car rentals and plane tickets, only get you 2X points. Winner: Chase Sapphire Reserve Card |
Annual Fee | One of the most significant differences between the Chase Sapphire Preferred Card and the Chase Sapphire Reserve Card is their annual fee. The Chase Sapphire Preferred Card has an annual fee of $95 — standard for most travel reward cards. In comparison, you need to pay $550 per year for the Chase Sapphire Reserve Card. It only becomes more cost-effective if you can maximize all its benefits. Winner: Chase Sapphire Preferred Card |
Travel Redemption | You can choose to redeem your points in various ways. Using them for travel through the Chase Ultimate Reward portal comes with a distinct advantage — their value increases. If you have a Chase Sapphire Preferred Card, your points will be worth 25% more. In comparison, these will be worth 50% more if you use a Chase Sapphire Reserve Card. Winner: Chase Sapphire Reserve Card |
Which Card Should You Get?
The best way to determine which card you should get — the Chase Sapphire Preferred Card or the Chase Sapphire Reserve Card — is to consider your spending patterns, budget and travel goals. Depending on how you intend to use it, one card may be better suited for you than the other.
Who Should Consider the Chase Sapphire Preferred® Card?
There are several reasons why you should get a Chase Sapphire Preferred Card. Its reward program is better suited for some situations. If any of these scenarios are similar to yours, the Chase Sapphire Preferred Card may be a good option for you. Consider this card if:
You’re looking for a travel rewards card with a lower annual fee
The Chase Sapphire Preferred Card only charges $95 per year. It’s much cheaper in comparison to the Sapphire Reserve’s $550 annual fee, so it’s a solid option if you won’t be able to maximize the Reserve’s benefits.
High-end travel perks aren’t dealbreakers for you
You get five points for every dollar you spend on travel purchased through Chase Travel℠. If you don’t go through that portal, you get 2X points. If you’re comfortable traveling without having access to airport lounges, it’s a great way to earn points.
You use your card for a variety of purchases
Although it’s primarily a travel rewards card, the Chase Sapphire Preferred Card also allows you to earn points when you use it for other items. You get 3X points for each dollar you spend on dining (including eligible takeout and delivery services) and select streaming platforms. Unless you buy from Target, Walmart and other wholesale clubs, you can get 3X points for buying groceries online.
≫ More: Read Our Full Review
Who Should Consider the Chase Sapphire Reserve® Card?
If you take advantage of its higher bonus categories, the Chase Sapphire Reserve Card may be a good option for you. Although it has a higher annual fee, it may turn out to be more cost-effective if you fit any of the following:
You’re a frequent traveler
Using your card to purchase hotels, airfare and car rental services allows you to earn 5X to 10X points. Additionally, you get an annual travel credit of $300, which you can use for various purchases, such as plane tickets or Uber rides. This card also gives you discounts on car rentals.
You prefer to travel in style
Being a Chase Sapphire Reserve Cardholder comes with access to Priority Pass Select. It allows you to enjoy airport lounges worldwide. It means you can relax and enjoy snacks and drinks for free while waiting for your flight. You can also get up to $100 reimbursed every four years to apply for either Global Entry or TSA PreCheck, giving you expedited security clearance.
You often use rideshare services
All cardholders get an automatic 1-year Lyft Pink membership. It shaves 15% off your rides, such as when you schedule a priority pick-up from the airport. You also get 10X points from Lyft rides.
≫ More: Read Our Full Review
EXPERT OPINION
I believe the Chase Sapphire Preferred Card is the best bang for your buck travel credit card on the market. If you travel frequently enough to justify a $550 annual fee, I believe there are better premium travel credit cards out there than the Reserve like the Capital One Venture X Rewards Credit Card or The Platinum Card® from American Express. But if you travel regularly and want to score a valuable sign-up bonus, the Chase Sapphire Preferred Card is an easy choice.
Other Helpful Decision-Making FAQs
Choosing the right credit card is a crucial decision. It’s particularly true for the Chase Sapphire Preferred Card and the Chase Sapphire Reserve Card since you cannot carry both cards simultaneously. Here are the commonly asked questions about these cards to help you make your choice.
Is Chase Sapphire Preferred Card better than Chase Sapphire Reserve Card?
What determines whether the Chase Sapphire Preferred Card is better than the Chase Sapphire Reserve Card depends on your travel goals and spending habits. If you don’t travel a lot and want a lower annual fee, Chase Sapphire Preferred Card is a better option. In comparison, if you travel a lot, Chase Sapphire Reserve Card may be the best fit, despite a higher annual fee.
Can you get Chase Sapphire Preferred Card if you have Chase Sapphire Reserve Card?
Chase only allows each cardholder to hold one Sapphire card at any given time, which makes determining which suits you better crucial.
Can you transfer points from Chase Sapphire Preferred Card to Chase Sapphire Reserve Card?
It’s possible to transfer points between the Sapphire Preferred and the Sapphire Reserve since both cards earn Ultimate Rewards. You’ll have to log in to the Chase Ultimate Rewards portal to do this.
Can you switch from Chase Sapphire Preferred Card to Chase Sapphire Reserve Card?
Yes, you can switch from a Chase Sapphire Preferred Card to a Chase Sapphire Reserve Card. You can request it, and it’ll be considered an upgrade. You can call them using the number found at the back of your card or online.
What’s harder to get, Chase Sapphire Preferred Card or Chase Sapphire Reserve Card?
It may be easier for you to get approved for the Chase Sapphire Preferred Card. You’ll still need a good credit score — preferably somewhere between 650 and 750. If you want a Chase Sapphire Reserve Card, your credit standing needs to be excellent.
How much do you have to spend for Chase Sapphire Preferred Card vs Chase Sapphire Reserve Card to get the welcome bonus?
Both cards require you to spend the same amount (at least $4,000) to get the welcome bonus. The only difference is you get 10,000 more points if you have the Chase Sapphire Preferred Card.
Still Not Sure About These Cards? Consider These Options
If you’re still not sold on either the Chase Sapphire Preferred Card or the Chase Sapphire Reserve Card, there are other travel cards that you may want to explore further. You can check out the Capital One VentureOne Rewards Credit Card or the Ink Business Preferred® Credit Card. Both of these are part of MoneyGeek’s list of best travel cards.
Learn more about credit cards in general
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About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Priority Pass. "Priority Pass Select." Accessed December 5, 2024.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.