This makes using your card on your trips even easier since you have one less thing to think about. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. Preferred vs Reserve: How the Chase Sapphire credit cards stack up David Slotnick. 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. 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. 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. Both cards come with no foreign transaction fees. The Preferred has an 80,000-point bonus, while the Reserve offers a mere 50,000 points. Want more credit card news and advice from TPG? 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. SIMILARITIES OF CHASE SAPPHIRE RESERVE VS PREFERRED. 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. For example, 60,000 points are worth $750 toward travel. Other benefits: Cardholders can enjoy $300 in annual credit as reimbursement for travel purchases each account year. 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. That being said, you won’t have to cancel your Chase Sapphire Preferred credit card in order to get your hands on the Reserve. The Chase Sapphire Reserve ® is Chase's premier premium travel rewards card. January 1, 2021 March 24, 2020 by Spencer. TheChase Sapphire Preferred recently offered its highest-ever sign-up bonus. A RED VENTURES COMPANY. Preferred: Interest Rates 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. Now that we’ve outlined the benefits of each card, lets try and answer the worth it question. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. 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. 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. 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. Also, make sure you don’t bump up against Chase’s infamous 5/24 rule. With the Sapphire Reserve you earn 3X points on dining and travel (immediately after earning your $300 travel credit), while the Sapphire Preferred gives you 2X points in those categories. Here's why the Chase Sapphire Preferred might be a better choice than the more premium Chase Sapphire Reserve. 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. It offers a 25% boost to point value and some pretty good travel and purchase coverage. Opinions and product recommendations on this site are ours alone, and have … If you’re looking for a solid travel credit card with comprehensive protections and a decent rate of return on spending, though, the Chase Sapphire Preferred might be the card for you. TPG credit card reader question: When does Southwest Air calculate companion pass points? Up to $1,000,000 in coverage. Its luxury sibling, the Chase Sapphire Reserve has a $450 annual fee, but it also provides more rewards and bonuses. 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. 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. 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. Please view our advertising policy page for more information. 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. Crunching the numbers: The Chase Sapphire Preferred and the Chase Sapphire Reserve both require new cardholders to spend $4,000 within three months to earn their bonuses. Do, however, differ when it comes to choosing between the Chase Sapphire Reserve the...: this card is a recurring post that is regularly updated with new information.: earn 50,000 Ultimate Rewards is 20,000 more points than the Amex Platinum for everyday spending on and... 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