Credit Cards

Chase Sapphire Preferred vs Chase Sapphire Reserve card: Which is the best?

Chase Sapphire Preferred Card or Chase Sapphire Reserve? Check out our post to know more about these Chase cards and find out which one is the best for you!

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by Victória Lourenço

10/01/2021 | Updated on 10/25/2021

Chase Sapphire Preferred or Chase Sapphire Reserve: card comparison

Chase Sapphire Preferred Card or Chase Sapphire Reserve? See which one is best! Source: Gettyimages
Chase Sapphire Preferred Card or Chase Sapphire Reserve? See which one is best! Source: Gettyimages

Chase Sapphire Preferred Card or Chase Sapphire Reserve? Which one of these Chase credit cards can be the best fit for your financial lifestyle? In this post, we will give you more information about each one of these credit cards, and you will be able to know which one to choose.

The Chase Sapphire Preferred card offers great high rate rewards to its cardholders. So, this card can be great for those who love to travel and want a card that can offer you a lower annual fee compared to other Chase cards.

However, the Chase Sapphire Reserve credit card can be great if you love to travel and want to make the best out of a credit card’s rewards. Also, this credit card offers more premium travel rewards. So, the annual fee can be a bit higher.

So, if you want to know more about these two Chase credit cards, and you need to choose the best one, keep reading our comparison!

How do you get the Chase Sapphire Reserve card?

Do you want incredible travel and dining perks in one credit card? Then, read more to know how to apply for the Chase Sapphire Reserve card!

How do you get the Chase Sapphire Preferred card?

Do you love traveling and dining? Then you must want the Chase Sapphire Preferred card. Read more to know how to get this great travel card!

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Comparison Table

Chase Sapphire Preferred cardChase Sapphire Reserve card
Sign-up bonus*You can get up to 100,000 bonus points after spending $4,000 on qualifying purchases in the first 3 months.

* Terms apply
After spending $4,000 in the first three months, you will get 60,000 points.

*Terms apply
Annual feeThis credit card charges a $95 annual fee.There is a $550 annual fee.
Rewards*Earn 2X points on dining and travel purchases.

You can get 1X points for every dollar that you spend on any other eligible purchase.

*Terms apply
You can earn 3X points on spending related to dining, which includes eligible delivery services, takeout and dining out, and travel.

As a cardholder, you can get a $300 annual travel statement credit.

Earn 1X points for every dollar that you spend on any other purchase.

*Terms apply
Other perks*You can transfer the points you earned to travel partners (1:1 rate).

Get access to travel protections.

Get access to the Pay Yourself Back program.

*Terms apply
You can get a $50 annual credit when you book hotel stays through Chase Ultimate Rewards.

You can earn points worth 10% of the purchases you made in the previous year (earn the points on each account anniversary.)

Get access to 1:1 transfers to transfer partners.

*Terms apply
APR*This card has a variable APR that ranges from 15.99% to 22.99%.

*Terms apply
This card has a variable APR that ranges from 16.99% to 23.99%.

*Terms apply

Chase Sapphire Preferred card

Find out more about the Chase Sapphire Preferred card! Source: Chase
Find out more about the Chase Sapphire Preferred card! Source: Chase

The Chase Sapphire Preferred credit card can be an amazing choice for those who love to travel frequently. Also, if you are new to using miles and are still learning how to get the best out of them, this card can be great to use!

Moreover, you can easily transfer the points you earn to more than a dozen travel partners. In addition, with the Pay Yourself Back program offered by this card, you can redeem your rewards with a 25% increase.

Even though this credit card charges an annual fee of $ 95, you can make up for it by wisely using the benefits that this card offers. And for those who need to make a lot of foreign transactions, this can card can also be great. That is because this credit card does not charge foreign transaction fees.

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Chase Sapphire Reserve card

Learn more about the Chase Sapphire Reserve card! Source: Chase
Learn more about the Chase Sapphire Reserve card! Source: Chase

The Chase Sapphire Reserve credit card is also amazing for people who love traveling. Also, you can get the maximum out of rewards points and earnings with this card. So, here is a highlight of some of the best rewards offered by this card are:

  • 10X points on hotels and car rentals (when purchasing with Chase Ultimate Rewards.)
  • Earn up to 5X points for purchases related to air travel (with Chase Ultimate Rewards.)
  • Earn 3X points on all other travel and dining spendings.

Moreover, this credit card can get you 60,000 points as a welcome bonus after you spend $4,000 with the card. But the offer only stands after you spend that amount within the first three months after you opened your account.

Also, to get this credit card, you will need an excellent credit score. So, you should have a credit score of at least 740 points to apply for this Chase card. But working toward a score this high can be worth it so you can enjoy all the great benefits of this Chase credit card.

Benefits of Chase Sapphire Preferred

  • The welcome bonus offered by this credit card can be quite generous. As a new cardholder, you can earn 100,000 bonus points after you spend 4,000 dollars. But you have to spend this amount within the first three months of opening your account to get the bonus.
  • You can get a 10% point bonus on your card anniversary.
  • There are no foreign transaction fees.
  • $50 annual credit on hotel stays if you book them with the Chase Travel feature.

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Benefits of Chase Sapphire Reserve

  • You can get a $300 annual travel credit on every account anniversary year.
  • Earn 3X points on dining that includes qualifying delivery service, dining out, and also travel.
  • Earn 1X points for each dollar you spend on other spendings.
  • As a cardholder, you can get primary rental care security coverage.
  • This credit card offers many travel protection options.
  • The rewards rate for this card can be high.

Disadvantages of Chase Sapphire Preferred card

  • This card does not have an introductory APR offer to new cardholders.
  • The travel rewards offered by this card are only worth it if you book your travels through Chase.

Disadvantages of Chase Sapphire Reserve card

  • This credit card charges a very high annual fee.
  • To become a cardholder, you will need a very excellent credit score.
  • You can only get the high rate rewards if you make your purchases through the portal offered by Chase.

Chase Sapphire Preferred or Chase Sapphire Reserve card: which you should choose?

If you are a frequent traveler that wants a cost-effective credit card, the Chase Sapphire Preferred card might fit you best. That is because you can make the best out of this card’s rewards, considering the lower annual fee of $95.

But if you want a credit card that offers more benefits and amazing rewards, the Chase Sapphire Reserve can be your choice. Even though this card charges a high annual fee of $550, if you can pay for it, you can enjoy the high-end features of this card.

However, you might want a credit card that can offer you more rewards for everyday spending and travel rewards as well. If that is the case, you can check out our post below with an overview of the Citi Premier credit card!

Citi Premier: overview on Citi Premier Card

The Citi Premier card has good benefits for everyday purchases at supermarkets and travel. Check out our overview of this great card.

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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