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Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®

See how two heavyweight travel rewards cards measure up.

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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

Rates & Fees

Chase Sapphire Reserve®

Chase Sapphire Reserve®

Rates & Fees

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★★★★★

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

60,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards

50,000 points after spending $4,000 in the first 3 months

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 $39 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

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Summary of card features

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Signup bonus. Earn 60,000 bonus points when you spend $4,000 in your first 3 months when you open your account. That's $750 in value when redeemed for travel purchases via the Chase Ultimate Rewards portal.
  • Earn reward points. Every time you use your card toward travel and dining purchases, you earn 2x points. All other purchases earn 1x points.
  • Point transfer. You can transfer your points in 1:1 ratio with Chase's hotel and airline partners, including British Airways, Air France KLM, Korean Air, Singapore Airlines, Southwest Airlines, United Airlines, Virgin Atlantic, IHG, Marriott and World of Hyatt.

Chase Sapphire Reserve®

Chase Sapphire Reserve®

  • Signup bonus. Earn 50,000 bonus points when you spend $4,000 in your first 3 months of card membership. This is worth $750 if you redeem through the Chase Ultimate Rewards travel portal.
  • Earn rewards points. Earn 3x points on travel and dining at restaurants worldwide and 1x points on all other purchases. The 3x points can be worth 4.5% back if redeemed on travel purchases through the Chase Ultimate Rewards. You also earn 10x points on Lyft purchases until March 2022. This can be worth up to 15% back in travel purchases via the Chase Ultimate Rewards portal.
  • Annual travel credit. Get $300 in statement credit as reimbursement for your travel purchases every year on your card account anniversary.

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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 60,000. It’s old value of 60,000 was slightly higher than the Chase Sapphire Reserve®‘s 50,000 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 $1,000 when redeemed through the travel portal or on the Pay Yourself Back feature. The Sapphire Reserve still rests at its old signup bonus value of up to $750, 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® Card Chase 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 earned 35,800 49,800
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 travel credit cards

If you aren’t satisfied with the rewards and fees of either card, keep comparing options. With so many different cards on the market, there’s no need to settle.

Name Product Welcome offer Rewards Annual fee Filter values
American Express® Gold Card
60,000 points after spending $4,000 in the first 3 months
3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points)
$250
Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 with this upper-mid tier travel card. Rates & fees
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $750 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
The Platinum Card® from American Express
100,000 points after spending $5,000 in your first 6 months, plus 10x points at US gas stations and US supermarkets on up to $15,000 in combined purchases in the same timeframe
10x points at US gas stations and US supermarkets on up to $15,000 combined in the first 6 months, 15x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases. Starting January 1, 2021, your 15x points on flights will be capped on up to $500,000 annually (then 1x points).
$550
One of the most valuable premium travel cards, featuring two welcome offers worth up to $4,500, multiple travel credits and unrivaled lounge access. Rates & fees
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
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
Get a generous $300 in annual travel credits, 3x points on travel and dining, and a 50% bonus on point redemptions with Chase's premier card.
Marriott Bonvoy Brilliant™ American Express® Card
100,000 points after spending $5,000 in the first 3 months, plus earn 25,000 after the first anniversary of card membership (offer expires 1/13/2021)
6x points at Marriott Bonvoy hotels, 3x at US restaurants and on flights booked directly with airlines and 2x for all other purchases
$450
Earn 100,000 bonus points when you spend $5,000 or more within your first 3 months, plus earn 25,000 after the first anniversary of card membership (offer expires 1/13/2021). Rates & fees
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