Military Money Manual … The difference between the Preferred's fee ($95) and the Reserve's (effectively $150) is $155. Also, make sure you don’t bump up against Chase’s infamous 5/24 rule. If you’ll be spending at least $300 on travel in a year anyway, it could be worth paying more for the Reserve. Figuring out whether to get the Chase Sapphire Preferred or Chase Sapphire Reserve usually comes down to which card’s annual fee is more within your budget, and whether you’ll get enough value from the Reserve’s extra benefits to justify paying for it year after year. CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners. Related reading: The best credit cards for travel insurance. The Sapphire Reserve has more bells and whistles and a higher annual fee while the Preferred is more affordable and has great value. Here’s a quick comparison of the two cards. 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 two cards do, however, differ when it comes to redeeming points through the Chase Ultimate Rewards travel portal. (It’s unlikely you’d need more reimbursement from either card, since most rental cars are worth far less.) 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. Global Entry/TSA PreCheck application fee credit (up to $100), $60 annual DoorDash credit (through Dec. 31, 2021), Related reading: TPG’s reviews of the Chase Sapphire Preferred and Chase 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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The Sapphire Reserve costs $550 per year while the Preferred costs only $95. 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. SIMILARITIES OF CHASE SAPPHIRE RESERVE VS PREFERRED. Now that we’ve outlined the benefits of each card, lets try and answer the worth it question. In terms of Roadside Assistance, the Reserve shines, too: Whereas the Preferred charges a fee for each service call, the Reserve covers up to $50 per incident, up to four times per year. The Chase Sapphire Preferred currently wins out over the Chase Sapphire Reserve by offering a higher sign-up bonus. 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. Opinions and product recommendations on this site are ours alone, and have … The more you plan to spend in those bonus categories, the bigger the difference in rewards. Opinions expressed here are entirely those of the AFAR editorial team. This article was originally published October 1, 2020, and updated November 9, 2020. Even though TPG values all Ultimate Rewards (no matter which card earns them) at 2 cents each, the Reserve provides $300 more in annual rewards value in the above example. Preferred: How They Compare. You’ll get three times the points for travel and dining in restaurants, compared to two times the points with the Preferred. Update: The Chase Sapphire Preferred® Card offer mentioned below is no longer available. 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. The Sapphire Reserve has higher per-claim thresholds than the Sapphire Preferred when it comes to purchase protection and … This post contains references to products from one or more of our advertisers. Those who spend a lot on Lyft, travel and dining will find the added points per dollar on those purchases rewarding. 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. Through December 31, 2020, this can also be put toward groceries and gas. You’ll get a $300 travel credit each year with the Reserve, a $100 credit for the TSA PreCheck or Global Entry application fee every four years and a Priority Pass Select membership that gives you entry into airport lounges around the world. Its luxury sibling, the Chase Sapphire Reserve has a $450 annual fee, but it also provides more rewards and bonuses. If you plan to apply those statement credits on a regular basis and use airport lounges frequently, the Reserve might be a better choice. 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). 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. 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