Opinions expressed here are entirely those of the AFAR editorial team. The difference between the Preferred's fee ($95) and the Reserve's (effectively $150) is $155. The Chase Sapphire Preferred has a $95 annual fee and the foremost choice of most travelers. 03/04/2019 Tell your friends. They both rack up valuable Chase Ultimate Rewards points, which can be redeemed directly toward travel bookings made through Chase, as well as transferred to more than a dozen airline and hotel partner loyalty programs. Both cards come with no foreign transaction fees. It earns one point per dollar everywhere else. I would like to subscribe to The Points Guy newsletters and special email promotions. Preferred Benefit Matrix Annual Fee Travel Credit Pts/Dining Pts/Travel Pts/Base Redemption Bonus; Preferred: $95: $0: 2: 2: 1: 25%: Reserve: $450: $300: 3: 3: 1: 50%: Is the Sapphire Reserve Worth It? Here's why the Chase Sapphire Preferred might be a better choice than the more premium Chase Sapphire Reserve. Chase Sapphire Reserve vs. Now through March 2022, cardholders can also register to earn five points per dollar on Lyft rides. Its luxury sibling, the Chase Sapphire Reserve has a $450 annual fee, but it also provides more rewards and bonuses. Both cards have received temporary benefits from Chase to help cardholders maximize their cards while travel may not be in everyone’s 2020 plans, and the Chase Sapphire Reserve has understandably gotten higher temporary earning rates as well — 10x on select streaming services (on up to $1,500), 5x at gas stations (on up to $1,500) and 5x on Instacart (up to $3,000) through Sept. 30, 2020. We may receive compensation when you click on links to those products. How to decide between the Chase Sapphire Preferred’s sign-up bonus and the Chase Sapphire Reserve’s valuable perks. The Chase Sapphire Reserve has a higher earning rate than the Chase Sapphire Preferred. The Chase Sapphire Preferred Card has long been a TPG favorite. Long before Chase introduced the Sapphire Reserve, award travelers sang the praises of the Sapphire Preferred card’s auto collision damage waiver (CDW) benefit. 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. Cardmembers can enroll for complimentary Priority Pass Select membership with access to more than 1,300 airport lounges worldwide, and bring two guests with them for free. I still think the Chase Sapphire Preferred is one of the single best overall cards on the market. The additional $600 in value you’ll get with the Preferred’s sign-up bonus is a compelling reason to apply for it over the Reserve. Chase Sapphire Preferred has a $95 annual fee.You get 2x points on travel and dining, and 1x on everything else.You get a sign-up bonus of 60,000 points after you spend $4,000 on purchases within the first 90 days. The first advantage of the Sapphire Preferred is the most obvious: a significantly lower annual fee. No matter which one you choose, you will be making a great choice. This is a … A $600 plane ticket will cost you 48,000 points with the Preferred but only 40,000 points with the Reserve. When it comes to purchase protection, the Preferred pays up to $500 per claim and up to $50,000 per account while the Reserve card pays up to $10,000 per claim and up to $50,000 per year ongoing as long as your account is in good standing. 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. Chase Sapphire Reserve cardholders can register for DoorDash DashPass with the same benefits as Preferred members. The two cards do, however, differ when it comes to redeeming points through the Chase Ultimate Rewards travel portal. If you’re looking at applying for one or the other right now, it’s important to consider the Chase Sapphire Preferred‘s elevated sign-up bonus. This post contains references to products from one or more of our advertisers. Although they offer some identical benefits, there are a few differences: The Chase Sapphire Reserve is obviously the more premium of the two cards. This site does not include all credit card companies or all available credit card offers. Plus, the card just added new benefits. Protections: In terms of travel protections, the differences between these two cards probably won’t affect most travelers. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). For example, 60,000 points are worth $750 toward travel. While both cards can access the Ultimate Rewards portal and can be used in any one of the above categories, the Reserve offers more redemption power when used for travel. It’s worth hundreds of dollars more without the Reserve’s $550 annual fee. Keep in mind, the Mastercard Black Card has a $495 annual fee ($195 for each Authorized User added to the account), while the Chase Sapphire Reserve has a $550 annual fee . Both the Preferred and the Reserve offer a great selection of travel insurance benefits but you get better coverage with the Reserve — almost double the coverage amount on some benefits like travel accident insurance and purchase protection. Please view our advertising policy page for more information. For most, the choice between these two particular cards usually comes down to their annual fees—the Chase Sapphire Reserve charges $550 per year while the Chase Sapphire Preferred requires a relatively modest $95. Luckily, Chase has been pretty good at adapting card benefits to help most people still get value from their Chase Ultimate Rewards cards. 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases. Now that we’ve outlined the benefits of each card, lets try and answer the worth it question. While the offers mentioned above are accurate at the time of publication, they are subject to change at any time, and may have changed or may no longer be available. Also, make sure you don’t bump up against Chase’s infamous 5/24 rule. You really can’t go wrong with either card; each has a lot to offer both beginners and veterans in the points-and-miles game. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. Check out our guide on maximizing Chase’s transfer partners. On its own, this may not be a reason to choose the Reserve over the Preferred, but when combined with the other additional benefits the Reserve offers, it … Ink Business Preferred Overview. However, the Reserve comes with an additional $300 in annual travel statement credits, which can be put toward flights and hotel stays, plus things like taxi rides and even parking meters. If that fee doesn’t seem manageable, the Sapphire Preferred Card is a very worthwhile alternative. It's even better than the Amex Platinum for everyday spending on dining and groceries. The Chase Sapphire Preferred currently wins out over the Chase Sapphire Reserve by offering a higher sign-up bonus. Comparing it to the Chase Sapphire Reserve feels a little unfair, though, because they’re not really in the same league. The Chase Sapphire Reserve definitely has the edge in terms of perks—annual travel statement credits and lounge access can all add up. 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