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Chase Sapphire Comparison: Preferred vs Reserve

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Both the Chase Sapphire Preferred and Chase Sapphire Reserve are running promotions boasting big welcome offers.

If you don’t hold one of the Chase Sapphire cards — and haven’t received a new cardmember bonus for any Sapphire card during the past 48 months — now might be the time to consider getting one.

Both offer redemption bonuses when booking travel through Chase. This helps you field a pretty great, effective Ultimate Rewards “team” when you combine them with cards such as the Chase Freedom Flex, Chase Freedom Unlimited, and/or Chase Ink Cash.

But which Chase Sapphire card is the best for you? Below is a handy-dandy table comparing and contrasting the two products. Let’s take a quick look and then discuss a few things to consider.

Chase Sapphire Preferred Chase Sapphire Reserve
The Chase Sapphire Reserve card.
Type of Points Earned Chase Ultimate Rewards Chase Ultimate Rewards
Current Welcome Offer Earn 80,000 bonus Ultimate Rewards points after spending $4,000 on eligible purchases within three months of being approved for card membership.

 

Plus, receive up to $50 in statement credits for grocery store purchases made within one year of being approved for card membership.

Earn 60,000 bonus Ultimate Rewards points after spending $4,000 on eligible purchases within three months of being approved for card membership.
Primary Cardholder Annual Fee $95 $550
Additional Cardholder Annual Fee $0 $75

Points Earnings

Lyft Rides (Through March 2022) 5X 10X
Peloton Bike, Tread, and Accessory Purchase Over $1,800. 5X (Maximum of 25,000 Points) 10X (Maximum of 50,000 Points)
Dining at restaurants worldwide (includes eligible delivery services, takeout, and dining out) 2X 3X
Travel (airfare, hotels, taxis, trains, rideshare, select parking, etc.) 2X 3X
Everything Else 1X 1X

Points Redemptions

Transfer to Chase Ultimate Rewards Travel Partners Yes Yes
Transfer to Other Chase Cardholders Yes Yes
Point Value When Redeeming for Travel Through Chase’s Ultimate Rewards Site 1.25 Cents 1.50 Cents
Pay Yourself Back on Eligible Purchases in Select, Rotating Categories Yes. (Through September 2021.) Yes. (Through September 2021.)
Pay Yourself Back Statement Credit Redemption Rate Per Point 1.25 Cents 1.50 Cents
Chase Dining 1.25 Cents Per Point 1.50 Cents Per Point

Statement Credits

Annual $300 Travel Credit (Annual = Rolling 12-Month Card Membership and NOT Calendar Year) No. Yes.

Through December 2021, gas station and grocery store shopping purchases will count toward the $300 travel credit.

Up to $60 in DoorDash Statement Credits During 2021 No. Yes.
Peloton Digital and All-Access Memberships through December 31, 2021 (Enrollment Required) $60 $120

Travel Benefits

Complimentary Priority Pass Select Membership (Enrollment Required) No. Yes. Includes dining credit at select airport restaurants.
Complimentary One-Yeard Membership in Lyft Pink (Enrollment Required) No. Yes.
Access to Chase Luxury Resorts & Hotels  Yes. Yes.
Trip Cancellation/Interruption Insurance Yes. (Terms, minimums, and limits may apply. See this document for more details.) Yes. (Terms, minimums, and limits may apply. See this document for more details.)
Trip Delay Reimbursement Yes. (Terms, minimums, and limits may apply. See this document for more details.) Yes. (Terms, minimums, and limits may apply. See this document for more details.)
Travel Accident Coverage Yes. (Terms, minimums, and limits may apply. See this document for more details.) Yes. (Terms, minimums, and limits may apply. See this document for more details.)
Foreign Transaction Fees $0 $0

Other Features and Benefits

Complimentary DoorDash DashPass Subscription for At Least 12-Months Yes. (Activate by December 31, 2021.) Yes. (Activate by December 31, 2021.)
Extended Warranty Protection Yes. Yes.
Purchase Protection Yes. Yes.

Chase Sapphire Preferred vs. Reserve: Which is Better?

This is purely subjective.

If travel benefits (lounges, statement credits, etc.) don’t do anything for you, go with the Chase Sapphire Preferred. This is especially the case if you’re worried about annual fees. Consider that the Preferred’s is $455 cheaper than its Reserve sibling.

Personally, I favor the Chase Sapphire Reserve over the Preferred. The $550 annual fee essentially gets knocked down to $250 after you factor in the annual $300 travel credit. The $60 DoorDash benefit was great last year and this year. (I hope Chase keeps it!)

The 50% bonus redemption on Pay Yourself Back and travel purchased through Chase is also a big plus.

The Chase Sapphire Reserve Visa Infinite Credit Card

Plus, its Priority Pass Select membership still includes select airport restaurants and establishments. The American Express cards yanked that benefit from their Priority Pass-eligible cards. One of my clients gives me a flat per diem when I travel, so airport lounge access and restaurant discounts help keep my costs low.

I also enjoy the Lyft Pink membership. Rides are discounted by 15% and I receive priority pick-ups at airports. The Chase Sapphire Preferred does not offer the complimentary Lyft Pink membership.

The Peloton benefits do nothing for me. I have a young child who loves running and swimming. That keeps me plenty active 🙂 .

Final Approach

Now is an excellent time to consider getting the Chase Sapphire Preferred or Chase Sapphire Reserve credit card (assuming you’re eligible). Keep in mind both are subject to Chase’s 5/24 rule.

The only person who can decide which card is better for you is, well, you. I prefer (no pun intended) the Chase Sapphire Reserve because I can make the annual fee work out across the statement credits, travel benefits, and points earnings/redemptions.

Chase Sapphire vets: which card do you prefer and why? Please tell us in the below Comments section.

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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