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Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®

See how two heavyweight travel rewards cards measure up.

The winner: Chase Sapphire Reserve®

60,000-point

Signup bonus after spending $4,000 in first 3 months

  • Not just for travel: Get DoorDash perks,10x points on Lyft and 3x on dining
  • Signup bonus worth $900 with Chase Ultimate Rewards
  • $300 annual travel credit
See offer
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

★★★★★

4.3 / 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

100,000 points after spending $4,000 in the first 3 months. That's $1,250 when you redeem through Chase Ultimate Rewards®

60,000 points after spending $4,000 in the first 3 months, a value of up to $900 through Chase Ultimate Rewards.

Rewards
Rewards

5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases

10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit 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

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WATCH: Our Finder Face-off

The signup bonus offers mentioned in this video have expired. Sapphire Preferred currently offers 100,000 points after spending $4,000 in the first 3 months, while Sapphire Reserve offers 60,000 points after spending $4,000 in the first 3 months.

Best for signup bonus: Chase Sapphire Preferred® Card

In its latest batch of card updates, Chase updated the signup bonus of the Chase Sapphire Preferred® Card to 100,000. It’s old value of 60,000 was slightly higher than the Chase Sapphire Reserve®‘s old bonus, but both cards were tied in value when it came to redeeming through the Chase Travel Portal. This is no longer the case.

Now, the Sapphire Preferred‘s buff signup bonus results in a value of up to $1,250 when redeemed through the travel portal or on the Pay Yourself Back feature. This is, in fact, the largest ever signup bonus value offered among Chase’s flagship cards. The Sapphire Reserve now rests at a close, but not-close-enough signup bonus value of up to $900, leaving the Sapphire Preferred the clear winner in this category.

Best for rewards: Chase Sapphire Reserve®

The Sapphire Reserve earns 3x points on travel and dining purchases and 10x points on Lyft rides until March 2022. What’s more, once we add the 50% higher value on travel redemption through the Chase portal, your 3x and 10x points are actually worth 4.5x and 15x. To see why the Sapphire Reserve is the better card for earning rewards, check out the table below.

Chase Sapphire Preferred® CardChase Sapphire Reserve®
Travel and dining$5,000$5,000
Lyft$1,800$1,800
Everything else$10,000$10,000
Total spent$16,800$16,800
Total points earned35,80049,800
Points value at the Ultimate Rewards portal$447$747

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.

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.

Compare Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®

Name Product Welcome offer Rewards Annual fee Filter values
Chase Sapphire Preferred® Card
100,000 points after spending $4,000 in the first 3 months. That's $1,250 when you redeem through Chase Ultimate Rewards®
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95

Up to $1,250 signup bonus

Earn a massive signup bonus of 100,000 points with this popular travel card. That's worth up to $1,250!
Chase Sapphire Reserve®
60,000 points after spending $4,000 in the first 3 months, a value of up to $900 through Chase Ultimate Rewards.
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Earn a huge signup bonus worth $900 toward travel when redeemed through Chase Ultimate Rewards with Chase’s premier card.
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