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Chase Sapphire Preferred? vs. Sapphire Reserve?: 2024 Comparison

Chase Sapphire Reserve? Chase Sapphire Preferred? Card
Chase Sapphire Reserve?
LEARN MORE on Bankrate's secure site
Key Information
Earn 10X points on hotels and car rentals booked through Chase Travel, 10X points on Chase Dining purchases, 5X points on flights booked through Chase Travel, 3X points on non-Chase travel and dining, and 1X points on all non-bonus spending. $550 annual fee.
Chase Sapphire Preferred? Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 5X points on Chase Travel purchases, 3X points on dining, online grocery purchases, and select streaming services, and 1X points on other purchases. $95 annual fee.
SUMMARY

Few travel cards are as highly acclaimed as the Chase Sapphire Reserve? and its lower-fee sibling, the Chase Sapphire Preferred? Card. With an abundance of high-value perks, the Reserve is considered one of the best premium travel credit cards out there. On the other hand, the Preferred meshes affordability with generous rewards, making it a mighty contender in the travel card market.

Most travelers will find plenty of value in the Sapphire Preferred, and its reasonable annual fee ($95) makes it less of a commitment than the Reserve. However, the Reserve may be the better fit for frequent travelers, as its high-end benefits can easily justify the annual fee ($550) if fully utilized.

Still having a hard time deciding? Let our experts help you choose in this detailed comparison of the Sapphire Reserve vs. Sapphire Preferred.

HIGHLIGHTS

Chase Sapphire Reserve?:

  • Comes with various benefits like a $300 annual travel credit, airport lounge access, various partner benefits, and a Global Entry or TSA PreCheck fee credit.
  • Has a $550 annual fee.
  • Sapphire Reserve’s largest earning categories are 10X points on hotels and car rentals booked through the Chase Travel portal and 10X points on Chase Dining purchases.
  • Points are worth 1.5 cents each when redeemed for travel through Chase Travel.
  • Cardholders don’t start earning points on travel until the $300 annual travel statement credit is fully spent. The first $300 spent on travel yearly automatically goes toward the statement credit.

Chase Sapphire Preferred? Card:

  • Comes with an annual $50 hotel credit, a 10% annual points bonus, and a few partner benefits.
  • Has a $95 annual fee.
  • Sapphire Preferred’s largest earning categories are 5X points on Chase Travel purchases and 5X points on Lyft rides (through March 31, 2025).
  • Points are worth 1.25 cents each when redeemed for travel through Chase Travel.

Chase Sapphire Preferred vs. Reserve: An overview

? Chase Sapphire Preferred Chase Sapphire Reserve
Best for Semi-frequent travelers; earning rewards on everyday spending Frequent travelers who can utilize enough benefits
Welcome bonus 60,000 points if you spend $4,000 within three months of opening your account (worth $750 when redeemed for travel through Chase Travel) 60,000 points if you spend $4,000 within three months of opening your account (worth $900 when redeemed for travel through Chase Travel)
Earning rewards 5X points on Chase Travel? purchases

5X points on Lyft rides (through March 31, 2025)

3X on dining, select streaming services, and eligible online grocery purchases

2X on non-Chase travel

1X on everything else
10X points on hotels and car rentals through Chase Travel?

10X points on Chase Dining purchases

5X points on flights booked through Chase Travel?

3X points on travel and dining

1X points on all non-bonus spending

(Note: You won’t start earning points on travel until the $300 annual travel statement credit is fully spent. The first $300 spent on travel each year will automatically go towards the statement credit)
Value of rewards 1.25 cents per point when redeeming through Chase Travel, 1 cent per point otherwise 1.5 cents per point when redeeming through Chase Travel, 1 cent per point otherwise
Annual fee $95 $550
Foreign transaction fees None None
Other benefits $50 annual hotel credit

10% annual points bonus

Various partner benefits
$300 flexible travel credit annually

Airport lounge access & complimentary guest passes

Global Entry/TSA PreCheck fee credit

Valuable partner benefits
Learn more ??? Read more: Chase Sapphire Preferred review ??? Read more: Chase Sapphire Reserve review

Why you might want to get the Sapphire Preferred

One of the most obvious advantages the Preferred has over the Reserve is its annual fee— over $450 less. In return, the Preferred has fewer benefits but it may still be the best choice. If you’re a casual traveler or prefer to stay on land, the airport lounge access and travel credit of the Reserve may not be worthwhile. Instead, you may benefit more from the Preferred’s smaller (and thereby more easily utilized) hotel credit and an annual points bonus, so you can rack up points over time and take a big trip when you want to.

Bottom line: The Sapphire Preferred is best for infrequent to semi-frequent travelers who want to earn points on everyday purchases.

Why you might want the Sapphire Reserve instead

If you travel a lot (especially flying) and spend a pretty penny on travel each year, then the idea of airport lounge access, a Global Entry membership, and an annual travel credit could put the Sapphire Reserve in the winner’s circle. On top of that, the points earned on the Sapphire Reserve are worth more than the Preferred. If you book your travel through the Chase Travel portal, the Reserve’s points are worth 1.5 cents each, while the Preferred’s are only worth 1.25 cents each.

Bottom line: The Sapphire Reserve is best for frequent travelers who spend a lot of time and money at airports.

Should I get both Chase cards?

Because the perks crossover quite a bit and they both come with an annual fee, it’s probably not ideal to get both Chase cards. Instead, consider opting for one of these cards and then get a card with completely different benefits so you can further optimize your earnings and rewards.

Additionally, Chase has the unpublished 5/24 rule which makes people who have been approved for 5 or more credit cards in the last 24 months ineligible to get a Chase card. So if you’ve already gotten 4 cards in the last 2 years, you can only choose one of these two. If you’ve already gotten 5, you should probably look at a different issuer.

Chase Sapphire Preferred vs. Sapphire Reserve: Welcome bonus

Winner: Chase Sapphire Reserve

You can earn the same sign-up bonus on both the Chase Sapphire Preferred? Card and the Chase Sapphire Reserve? card— 60,000 bonus points after you spend $4,000 in the first 3 months after opening your account.

So why does the Sapphire Reserve win in this category? It only does if you plan on redeeming your points for travel. If you redeem your points through Chase Travel?, the Sapphire Reserve’s points are worth 1.5 cents each, whereas the Sapphire Preferred’s points are worth 1.25 cents each.

This makes the welcome bonus worth $900 in travel rewards for Reserve cardholders and $750 in travel rewards for Preferred cardholders.

Other redemption options are equal for these cards— points are worth 1 cent each when redeemed for gift cards or statement credits and they transfer to select travel partners at the same 1:1 ratio.

??? See our picks: Best credit card welcome offers

Chase Sapphire Preferred vs. Sapphire Reserve: Earning rewards

Winner: Sapphire Reserve

The Chase Sapphire Preferred Card earns 5X points per dollar on travel purchased through Chase Travel?, 3X points on dining, select streaming services, and online grocery purchases (excluding Walmart, Target, and wholesale clubs), 2X points on non-Chase travel purchases, and 1X points on other purchases. On top of that, Preferred cardholders get a 10% anniversary bonus, so if you spend $10,000 in the year, you’ll get an extra 1,000 points just for being a cardholder.

The Chase Sapphire Reserve? earns 5X points per dollar on flights and 10X points on hotels and car rentals through Chase Travel? (after the first $300 is spent on travel purchases yearly). It also earns 10X points on Chase Dining purchases, 3X points on non-Chase travel and dining, and 1X points on all other purchases.

The winner of this category depends on your personal spending habits, but the Chase Sapphire Reserve card packs a bigger punch when it comes to earning rewards on travel.

If you’re not a frequent traveler, the Sapphire Preferred card provides a few reward opportunities for everyday spending that might make it a better all-around card for your wallet.

Overall, we chose the Reserve for this category because it earns more on travel, and these are travel cards.

Chase Sapphire Preferred vs. Sapphire Reserve: Redeeming rewards

Winner: Chase Sapphire Reserve

With either card, you accrue Chase Ultimate Rewards points. You can use those points in various ways:

Redeeming through Chase Travel

You’ll maximize point values with both cards by redeeming points through Chase Travel. In this case, points earned with the Reserve card are worth slightly more. Points on the Sapphire Reserve are worth 1.5 cents each through Chase Travel, while points on the Preferred are only worth 1.25 cents each.

Transferring to Chase’s travel partners

With either card, you can take advantage of a 1:1 point transfer option. If you’re a loyalty rewards member with a leading travel program, such as United MileagePlus or the IHG Rewards Club, you can transfer your credit card points to those programs. So, for example, if you have 5,000 Chase Ultimate Rewards points, you could transfer them and get 5,000 IHG Rewards Club points. This provides some flexibility in how you manage and maximize your points value.

Statement credits or gift cards

You can also use your points to purchase gift cards or get a statement credit. Either of these options nets you a value of 1 cent per point.

Chase Sapphire Preferred vs. Sapphire Reserve: Transfer partners

Both the Sapphire Preferred and the Sapphire Reserve have the same transfer partners, and points transfer at a 1:1 ratio.

Airline partners

Hotel partners

Chase Sapphire Preferred vs. Sapphire Reserve: Travel perks

Winner: Chase Sapphire Reserve

These are both travel rewards cards, so you can expect a variety of hotel, airline and other travel perks regardless of which you hold in your wallet.

Overall, the Reserve perks outweigh the Preferred perks in quantity and quality, but that may differ when you consider individual factors, such as which hotel chains you prefer to stay with.

Airport lounge access

The Sapphire Reserve card provides access to a complimentary Priority Pass Select membership. That equates to entry into VIP airport lounges across the globe. You can bring two guests with you for free. You’ll need to activate this membership after receiving your credit card to use this perk. Sapphire Preferred cardholders don’t get any airport lounge access benefits.

Travel insurance and coverage

Sapphire Preferred cardholders who pay for travel bookings with their credit card can enjoy peace of mind thanks to trip cancellation and interruption insurance, auto rental collision damage coverage, baggage delay coverage, and trip delay coverage.

Reserve cardholders get all of the same Chase travel insurance benefits as Preferred cardholders, in addition to lost luggage reimbursement, roadside assistance, emergency evacuation and transportation coverage, and up to $2,500 in emergency medical and dental travel benefits.

TSA or Global Entry fee coverage

If you have a Chase Sapphire Reserve card, you can get a statement credit every four years to help cover the cost of either NEXUS, TSA PreCheck or Global Entry. The statement credit is up to $100. Sapphire Preferred cardholders don’t get this benefit.

Hotel access

Chase Sapphire Preferred cardholders get special perks at Ennismore Hotel Properties. If you book with your card and stay more than three nights, the fourth?night is free. You can also get $30 in beverage and food credits and various potential free upgrades.

Reserve cardholders can book with The Luxury Hotel & Resort Collection to get access to free upgrades, breakfast and other special benefits.

Annual travel credit options

The Reserve card offers a $300 travel credit to cover qualifying travel expenses annually. It can be redeemed on various travel purchases, including airline and hotel bookings. In contrast, the Preferred card offers a $50 statement credit each year toward hotel stays.

Chase Sapphire Preferred vs. Sapphire Reserve: Other benefits

Winner: Chase Sapphire Reserve

The Chase Sapphire Reserve is a pretty clear winner in this category.?

It offers more than $1,000 in partnership benefits, including:

The Preferred card gets you a complimentary DoorDash DashPass subscription and six months of Instacart. You can also get a $15 credit for Instacart purchases, but it’s quarterly instead of monthly. You don’t get a Lyft membership, but you can earn 5x points on Lyft and Peloton purchases through March 2025.

Chase Sapphire Preferred vs. Sapphire Reserve: Fees

Winner: Chase Sapphire Preferred

At this point, you might think the Chase Sapphire Reserve card is the no-brainer choice for your wallet. However, it’s not enough for a card to have a lot of perks and rewards benefits that you like. The right credit card for you is also affordable, which means it has rates and fee structures you can live with.

The Chase Sapphire Preferred card has a $95 annual fee, in comparison to the Chase Sapphire Reserve’s $550 annual fee. Additionally, it costs $75 per additional authorized user on Sapphire Reserve, whereas authorized users are free to add on the Preferred.

Neither card has any foreign transaction fees.

??? See our picks: Best credit cards with no foreign transaction fees

Chase Sapphire Preferred vs. Sapphire Reserve: Eligibility

Winner: Chase Sapphire Preferred

You’ll need good to excellent credit to get approved for either of these cards, which is common with higher-end travel rewards cards. However, you typically need a higher credit score to get approved for the Reserve card than the Preferred.

Eligibility for the cards also takes into account other factors, including your income and current debt load. There isn’t an exact formula you can use to determine whether you will be approved for one card or the other, but you can consider the Reserve card more exclusive.??

Should you get the Chase Sapphire Preferred or Reserve?

If you’re looking for a high-end travel card with plenty of perks and the ability to rack up rewards quickly on travel spending, opt for the Chase Sapphire Reserve card.?

However, those who want a solid travel card but know they won’t be able to utilize the Reserve’s premium perks may want to consider the Sapphire Preferred card. The lower annual fee also makes it easier to benefit from the rewards you do earn with this card.

Chase Sapphire Reserve?

Chase Sapphire Reserve?
LEARN MORE on Bankrate's secure site
Key Information
Earn 10X points on hotels and car rentals booked through Chase Travel, 10X points on Chase Dining purchases, 5X points on flights booked through Chase Travel, 3X points on non-Chase travel and dining, and 1X points on all non-bonus spending. $550 annual fee.
Show More Show Less

Chase Sapphire Preferred? Card

Chase Sapphire Preferred? Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 5X points on Chase Travel purchases, 3X points on dining, online grocery purchases, and select streaming services, and 1X points on other purchases. $95 annual fee.
Show More Show Less

FAQ: Chase Sapphire Preferred vs. Reserve

Is Chase Sapphire Preferred or Reserve better?

The Reserve card offers many more travel perks and benefits. It also has a rewards structure that makes it easier to earn more rewards when spending on travel. However, it also comes with a much higher annual fee, and you may only be able to maximize rewards if you are a frequent traveler. So, the Reserve card may be better for travelers, while the Preferred card is better as an everyday spending card.

Can you upgrade from Chase Sapphire Preferred to Reserve?

Yes, if you’ve had your Preferred card for a year and are a card member in good standing, you may be able to upgrade to a Reserve card. You’ll have to meet the credit requirements, but you can call Chase card customer service to ask about options for upgrading.

Can I combine my rewards points from the Chase Sapphire Reserve and Preferred?

Yes! You can pool your Chase Ultimate Rewards points into a single account if you have multiple Chase credit cards that accrue points.

How do I upgrade from Chase Sapphire Preferred to Reserve?

Cardholders that start with the Preferred card can choose to upgrade to a Reserve card later.?

You should first weigh the perks and benefits of the Reserve card with the hefty $550 annual fee. If you think the benefits outweigh the cost — and you’ve had your Preferred card for one year and are an account holder in good standing — you can call the customer service number on your credit card and ask to be considered for an upgrade.

About the Author

Sarah Stasik
Sarah Stasik Personal Finance

Sarah Stasik is well versed in personal finance thanks to her previous role as a Revenue Cycle Manager for a Fortune 500 healthcare company. Using her inside knowledge and expertise, Sarah often covers topics ranging from insurance and the economics of private healthcare to personal finance and small business management.

With more than a dozen years of writing experience, Sarah has tackled niches that range from technical advances in fintech to personal budgeting challenges. She has covered topics such as insurance and the economics of private healthcare, small business management and accounting, and credit and savings. Her writing focuses on making complex or seemingly daunting financial topics more accessible and providing helpful and relevant resources for readers.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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