Chase Sapphire Reserve Card vs. Amex Gold Card [Detailed Comparison] BY . Preferred vs Reserve: How the Chase Sapphire credit cards stack up David Slotnick. Plus, the card just added new benefits. If you’re looking for premium perks, the Reserve is the way to go. 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. You can redeem your reward points for a variety of awards including cash back, merchandise and travel reservations. When you further consider that Reserve points are worth up to 20% more than Preferred points and it also offers up to $300 annual travel credit, it’s clear that Reserve is the winner of this category. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Through Sept. 30, this 50% redemption bonus also extends to grocery stores, home improvement stores and dining establishment purchases that can be erased through Chase’s new Pay Yourself Back feature. Both cards come with no foreign transaction fees. When considering any travel rewards credit card, though, it pays to look past the initial bonus to how you might be able to maximize a card’s perks over the course of several years. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. It’s worth hundreds of dollars more without the Reserve’s $550 annual fee. Please view our advertising policy page for more information. Blue Cash Preferred® Card from American Express, 60,000 points after you spend $4,000 on purchases in the first three months, 50,000 points after you spend $4,000 on purchases in the first three months, Primary; “expensive and exotic cars” are excluded, Primary; provides reimbursement up to $75,000 for theft and collision, Up to $50 per incident, up to four times a year, Up to $500 per ticket for delays of 12 or more hours (or requiring an overnight stay), Up to $500 per ticket for delays of 6 or more hours (or requiring an overnight stay), Up to $3,000 per person (up to $500 per person for jewelry, watches, cameras, video recorders and other electronic equipment), $500,000 for common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit, $1,000,000 for common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit, Up to $500 per claim and up to $50,000 per year, Up to $10,000 per claim and up to $50,000 per year, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The Chase Sapphire Reserve and Ink Business Preferred are two excellent cards, but it can be hard to justify keeping both travel-centric cards when you may not be flying to far-flung destinations anytime soon. Points earned: In contrast with the Preferred, the Reserve racks up three points per dollar on travel and dining, and 10 points per dollar on Lyft rides. 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. This article was originally published October 1, 2020, and updated November 9, 2020. 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. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. 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. Chase Sapphire Reserve vs. 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. *Bonus value is an estimated value calculated by TPG and not the card issuer. While the Chase Sapphire Reserve® offers perks, it has a much higher annual fee — $550, versus the Sapphire Preferred's $95 annual fee. The Chase Sapphire Reserve and the Chase Sapphire Preferred Card are two of the most talked-about travel credit cards, thanks to the valuable Ultimate Rewards program, top-notch benefits and valuable travel protections. Now that we’ve outlined the benefits of each card, lets try and answer the worth it question. Related reading: The best credit cards for everyday spending. There are various reasons to consider an authorized user. 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. Now through April 30, 2021, those merchants include grocery stores, dining (including delivery and takeout), home improvement stores, and a dozen eligible charities. 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. Luckily, Chase has been pretty good at adapting card benefits to help most people still get value from their Chase Ultimate Rewards cards. We may receive compensation when you click on links to those products. If that fee doesn’t seem manageable, the Sapphire Preferred Card is a very worthwhile alternative. 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. View our latest valuations here. Here’s a quick comparison of the two cards. CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners. Ink Business Preferred Overview. If you’ll be spending at least $300 on travel in a year anyway, it could be worth paying more for the Reserve. In fact, I’ve held off on upgrading my own Chase Sapphire Preferred to the Chase Sapphire Reserve this year in light of the coronavirus pandemic and my limited travel spending in 2020. Redemption values: Points earned with the Chase Sapphire Reserve transfer to the Ultimate Rewards program’s partners the same way they do with the Preferred. Since you’d be paying a $95 annual fee for the Sapphire Preferred, you’re essentially paying just $155 more per year for the Reserve card, which comes with more benefits. Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. That’s still a big difference, but there’s more to think about. Featured photo John Gribben for The Points Guy. With the Chase Sapphire Reserve, the terms and conditions actually cap reimbursement at $75,000. You could be looking to help someone build up his or her credit history; you might want to provide employees with cards for a business account or maybe you’re looking to earn bonus rewards for adding additional users. By comparison, the Reserve is offering 50,000 points after you hit $4,000 in spend within the first three months, which is worth only $1,000. With more cards cutting trip insurance, premium coverage is harder to come by. The Reserve offers a sign-up bonus offer of 50,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first three months of card membership. The Reserve also offers statement credits worth up to $100 toward either a Global Entry or TSA PreCheck application once every four years. This site does not include all credit card companies or all available credit card offers. Our coverage is independent and objective, and has not been reviewed, approved, or endorsed by any of these entities. The Chase Sapphire Preferred can’t compete with the Reserve when it comes to perks such as the annual travel credit and the return on bonus-category spending, but this card still could make more sense for you. That being said, you won’t have to cancel your Chase Sapphire Preferred credit card in order to get your hands on the Reserve. Of course, it’s worth keeping in mind that the Sapphire Reserve offers a $300 annual travel credit, which effectively lowers the cost to just $250 per year — a $155 premium over the Sapphire Preferred. How does it compare to Chase Sapphire Reserve, a travel, airline, points and restaurant credit card? If you earn more that 67,400 points a year, you’d be better off keeping a Reserve vs the Preferred ( $1011 in value vs $842.50 ) Overall: I downgraded my Reserve to a Preferred and I’m keeping it that way. 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. So the Preferred’s bonus is worth $1,000 this way, and the Reserve’s bonus is worth $750. The Sapphire Reserve has more bells and whistles and a higher annual fee while the Preferred is more affordable and has great value. I would like to subscribe to The Points Guy newsletters and special email promotions. Let’s say you spend $2,000 a month on travel and dining and the same $50 on Lyft. 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. Chase Sapphire Preferred vs. 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. Its significantly higher sign-up bonus is a huge factor in its favor, and you can always upgrade to the Reserve later if you decide you’d rather take advantage of its perks and its higher direct-redemption rate for travel expenses. With the Preferred, you’ll get 1.25 cents in value per point, while with the Reserve you’ll get a higher value of 1.5 cents per point. The Points Guy will not sell your email. The Chase Sapphire Reserve allows you to redeem each point at 1.5 cents each, compared to 1.25 cents each with the Preferred. The Sapphire Reserve has higher per-claim thresholds than the Sapphire Preferred when it comes to purchase protection and … Sign up for our daily newsletter. For example, 60,000 points are worth $750 toward travel. 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. How to decide between the Chase Sapphire Preferred’s sign-up bonus and the Chase Sapphire Reserve’s valuable perks. Apply here for the Chase Sapphire Preferred Card with a 60,000-point sign-up bonus. Many credit cards now offer Global Entry or TSA PreCheck fee statement credits, including the Capital One Venture Rewards Card, which is offering a historically high bonus of its own, at 100,000 miles (50,000 after spending $3,000 in 3 months, and another 50,000 after spending $20,000 within 12 months). Bank of America Premium Rewards vs. Chase Sapphire Preferred. No matter which card you choose, you’ll be able to move your Ultimate Rewards points (earned both through the sign-up bonus and through spending) to the program’s airline and hotel partners at a 1:1 ratio. If you’re eligible, you’ll be reimbursed up to the actual cash value of most rental vehicles. The fact that the Chase Sapphire Preferred’s current sign-up bonus is 30,000 points higher than that of the Chase Sapphire Reserve throws off the usual calculus, though. 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 could be a deciding factor. 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. It comes with a generous signup bonus and offers big bonus rewards for both travel and dining purchases. This is 20,000 more points than the card usually offers. Christine Krzyszton - UPDATED: January 5, 2021. Credit Cards / Strategies & Guides. Read our comparison chart below. 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. That's worth $750 when you redeem for travel on Ultimate Rewards. Both offer nearly identical trip cancellation and interruption insurance, primary auto rental coverage, and lost luggage reimbursement if your bags go missing. View the current offer. There’s no question that the Chase Sapphire Preferred is an awesome card. AFAR does not include all financial companies or all available financial offers. Sign-up bonus: Earn 50,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). When it comes to choosing between the Chase Sapphire Reserve vs Preferred, the good news is that they are both great credit cards. Higher fee, better perks: The Chase Sapphire Preferred doesn’t boast much in the way of value-added benefits apart from its new DoorDash DashPass perks, which the Reserve also offers. A RED VENTURES COMPANY. Chase Sapphire Reserve cardholders can register for DoorDash DashPass with the same benefits as Preferred members. Points earned: While the Chase Sapphire Preferred only earns one point per dollar on most purchases, it racks up two per dollar on a wide variety of travel expenses: airline tickets, hotels, train tickets, car rentals, rideshares, and dining (both at restaurants and takeout/delivery). Chase Sapphire Reserve vs. 03/04/2019 Tell your friends. I will show you how to get your 1st $550 annual fee waived in my Ultimate Military Credit Cards course The Amex Gold card is annual fee waived for military. The Chase Sapphire Reserve® is the ability to earn 50,000 points after spending $4,000 in the first three months. It’s worth noting that the Preferred’s coverage excludes “expensive, exotic and antique automobiles.”. No matter which one you choose, you will be making a great choice. ALL RIGHTS RESERVED. Cardholders will also get a free one-year Lyft Pink membership, which includes a 15% discount on all rides and free bike and scooter rentals each month. It's even better than the Amex Platinum for everyday spending on dining and groceries. SIMILARITIES OF CHASE SAPPHIRE RESERVE VS PREFERRED. (It’s unlikely you’d need more reimbursement from either card, since most rental cars are worth far less.) Reserve cardholders can take advantage of Priority Pass lounges while Sapphire Preferred cardholders cannot. AFAR partners with CreditCards.com and may receive a commission from card issuers. You might assume that the Chase Sapphire Reserve — which comes with a higher annual fee and more luxury benefits — is always the better choice. If you’re delayed and need to spend on meals, lodging, or other necessities, the Reserve’s coverage kicks in at 6 hours instead of 12 for the Preferred, and the same for if your bag is delayed and you need to buy replacement clothes or toiletries. Reserve vs. You can always request an upgrade later on if you decide the Reserve will better serve your travel needs.
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