Chase Sapphire Preferred vs. Reserve (Which Should YOU Get?!)

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WELCOME OFFERS (August 2023)

Both the Chase Sapphire Preferred and Chase Sapphire Reserve have identical signup bonuses at the moment. You can earn 60,000 Chase Ultimate Rewards points after spending $4K in the first 3 months. However, the value of these bonuses can be different. With the Chase Sapphire Preferred, those 60K points = $725+ toward travel, but with the Chase Sapphire Reserve the value of 60K points = $900+ toward travel.

EARNING POINTS / MILES

The Chase Sapphire Preferred earns points in the following ways:
- 5X Travel* via portal
- 5X Lyft thru 3.31.2025
- 3X Dining incl. takeout & eligible delivery services
- 3X Online Grocery (excl. Target, Walmart, Wholesale Clubs)
- 3X Select Streaming
- 2X Other Travel (non-Chase)
- 1X Other Purchases
*Excludes purchases that qualify for the $50 Hotel Credit

The Chase Sapphire Reserve earns points in the following ways:
- 10X Hotels* via portal
- 10X Car Rentals* via portal
- 10X Lyft thru 3.31.2025
- 10X Chase Dining via portal
- 5X Flights* via portal
- 3X Travel Worldwide* (non-Chase)
- 3X Other Dining incl. takeout & eligible delivery services
- 1X Other Purchases
*Excludes purchases that qualify for the $300 Travel Credit

REDEEMING POINTS / MILES
- Redeeming Chase Ultimate Rewards points via Chase Transfer Partners yields an average value of 1.7¢ per point with either card.
- Redeeming for travel via the Chase Ultimate Rewards portal gives a flat 1.25¢ per point rate for the Sapphire Preferred and a 1.50¢ per point rate for the Sapphire Reserve.
- Redeeming via the Chase Pay Yourself Back feature yields point values of 1.0¢ - 1.25¢ on the Sapphire Preferred and 1.25¢ - 1.50¢ on the Sapphire Reserve.
- Cash back redemptions are 1.0¢ per point on both cards.

CHASE SAPPHIRE PREFERRED BENEFITS (Main Benefits)
- $50 Annual Hotel Credit (via portal)
- 10% Anniversary Bonus
- Visa Signature Luxury Hotel Collection
- Partner Benefits: Lyft, DoorDash, Peloton, Instacard, GoPuff
- No Foreign Transaction Fees
- $0 Authorized User Fee

CHASE SAPPHIRE RESERVE BENEFITS (Main Benefits)
- $300 Annual Travel Credit
- TSA PreCheck / Global Entry / NEXUS Credit
- Airport Lounge Access (Priority Pass Select, Chase Sapphire Lounge by the Club)
- Visa Infinite Luxury Hotel Collection
- The Luxury Hotel and Resort Collection
- Rental Car Benefits / Status: National Emerald Club Executive status and discount, Avis Preferred discount, Audi on demand discount
- Reserved by Sapphire
- Partner Benefits: Lyft, DoorDash, Peloton, Instacard, GoPuff
- No Foreign Transaction Fees
- $75 Authorized User Fee

The CHASE SAPPHIRE PREFERRED will likely be best for people who want entry-level rewards and benefits and who spend on online grocery (and streaming).

The CHASE SAPPHIRE RESERVE will likely be best for people who want higher rewards rates, lounge access, and top-tier insurance protections.

NOTE: The Chase 5/24 Rule and the Chase 48 Month Rule apply to both of these credit cards.

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