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Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®

See how two heavyweight travel rewards cards measure up.

The main difference between the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® is that the former is a mid-tier card with a $95 annual fee and fewer perks, while the latter costs $550 annually and comes with premium perks like $300 annual travel credit, Priority Pass lounge access, higher points value when redeemed for travel purchases and more.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Terms apply, see rates & fees

Chase Sapphire Reserve®

Chase Sapphire Reserve®

Terms apply, see rates & fees

Finder rating
Finder rating

★★★★★

4.6 / 5.0

★★★★★

4.6 / 5.0
Best for
Best for
  • Travel rewards and a great signup bonus
  • Incredible signup bonus and premium travel perks
Welcome offer
Welcome offer

60,000 points after spending $4,000 in the first 3 months.

50,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards.

Rewards
Rewards

5x points on travel through Chase Ultimate Rewards, 3x points on dining and 2x points on all other travel purchases

5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards, 3x points on other travel after earning your $300 travel credit, 10x points on Lyft rides, 10x points on Chase Dining through Ultimate Rewards, 3x points on other dining and 1x points on all other purchases

Purchase APR
Purchase APR

15.99% to 22.99% variable

16.99% to 23.99% variable

Annual fee
Annual fee $95 $550
Balance transfer APR
Balance transfer APR 15.99% to 22.99% variable 16.99% to 23.99% variable
Cash advance
Cash advance

APR: 24.99% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 24.99% variable

Fee: $10 or 5% of the transaction, whichever is greater

Foreign transaction fee
Foreign transaction fee None None
Late payment fee
Late payment fee Up to $40 Up to $39
Additional cardholder fee
Additional cardholder fee $0 $75
Interest-free period
Interest-free period 21 days 21 days
Minimum interest
Minimum interest $0
Minimum credit score
Minimum credit score 670 740
Card type
Card type Credit Credit
Learn more
Learn more

Read review

Read review

Who should get Chase Sapphire Preferred® Card?

Travelers looking to maximize their Chase Ultimate Rewards points without burning a hole in their pocket should consider the Sapphire Preferred card. This card pairs well with the Chase Freedom Flex℠ and Freedom Unlimited, and you can get a solid value on travel redemption.

Who should get Chase Sapphire Reserve®?

Travelers looking for the best value and premium perks should consider the Sapphire Reserve. It also pairs well with the two Freedom cards, and you can get the highest value on travel redemption when you combine points between cards. Plus you get a host of valuable benefits and features.

WATCH: Our Finder Face-off

The signup bonus offers mentioned in this video have expired. Sapphire Preferred currently offers 60,000 points after spending $4,000 in the first 3 months, while Sapphire Reserve offers 50,000 points after spending $4,000 in the first 3 months.

Best for signup bonus: Tie

Unfortunately, Chase has returned the Chase Preferred signup bonus to 60,000 points, a far cry from the card’s prior value of 100,000 points. Given the point and redemption bonus differences between the Preferred and the Reserve, both card signup bonuses are now worth precisely the same at $750 in value when redeemed through Chase Ultimate Rewards.

Best for rewards: Tie

Both the Chase Sapphire Preferred and Reserve received updates to their reward earnings, though the Preferred benefits far more than the Reserve with these changes. While it was previously positioned as a travel card, the Preferred’s earning categories have tweaked it toward an everyday spending kind of card, with the addition of online groceries and streaming services categories and a boost to the travel points it already earned.

The Reserve on the other hand leaned further into its travel strengths, offering bigger rewards on travel arrangements made through Chase Ultimate Rewards. As such, the Preferred and Reserve have carved out interesting reward niches for themselves and will suit different consumers based on spending needs.

Best for annual fee: Chase Sapphire Preferred® Card

With an annual fee of $95, the Sapphire Preferred is the cheaper card. But you get what you pay for. Paying a lower annual fee means you get to earn fewer points on your purchases and you get to use fewer perks.

This isn’t a bad thing, though. Especially if you travel on a tight budget.

Best for additional perks: Chase Sapphire Reserve®

Both the Sapphire Preferred and the Sapphire Reserve are top picks for the Chase trifecta combination because they let you transfer points to partners in a 1:1 ratio, and because your points are worth more at the Chase Ultimate Rewards portal.

But travelers who want to squeeze the best out of their card should definitely go with the Sapphire Reserve. For example, with the Sapphire Reserve, you get $300 annual travel credit, Priority Pass lounge access, Global Entry or TSA PreCheck application fee credit, and benefits at the Luxury Hotel & Resort Collection. None of these perks are available for the Sapphire Preferred.

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