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Category Winner: Chase Sapphire Reserve. Of course, it’s worth keeping in mind that the Sapphire Reserve offers a $300 annual travel credit, which effectively lowers the cost to just $250 per year — a $155 premium over the Sapphire Preferred. Preferred Benefit Matrix Annual Fee Travel Credit Pts/Dining Pts/Travel Pts/Base Redemption Bonus; Preferred: $95: $0: 2: 2: 1: 25%: Reserve: $450: $300: 3: 3: 1: 50%: Is the Sapphire Reserve Worth It? Many credit cards now offer Global Entry or TSA PreCheck fee statement credits, including the Capital One Venture Rewards Card, which is offering a historically high bonus of its own, at 100,000 miles (50,000 after spending $3,000 in 3 months, and another 50,000 after spending $20,000 within 12 months). Aside from sharing similar names, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® are two of the most popular travel rewards credit cards on the market. The Reserve offers a sign-up bonus offer of 50,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first three months of card membership. Redemption values: Ultimate Rewards points earned with the Chase Sapphire Preferred are worth 1.25 cents apiece when redeemed directly for travel reservations—such as flights, hotels, and cruises—booked directly through the Chase travel portal. Thanks to Chase’s partnership with DoorDash, Sapphire Preferred cardholders qualify for at least a year of complimentary DashPass membership, which can save them an average of $4 to $5 per order on food deliveries. Points earned: While the Chase Sapphire Preferred only earns one point per dollar on most purchases, it racks up two per dollar on a wide variety of travel expenses: airline tickets, hotels, train tickets, car rentals, rideshares, and dining (both at restaurants and takeout/delivery). Reserve cardholders can take advantage of Priority Pass lounges while Sapphire Preferred cardholders cannot. It’s worth hundreds of dollars more without the Reserve’s $550 annual fee. Since you’d be paying a $95 annual fee for the Sapphire Preferred, you’re essentially paying just $155 more per year for the Reserve card, which comes with more benefits. Chase Sapphire Reserve vs. You can redeem your reward points for a variety of awards including cash back, merchandise and travel reservations. Either $5 or 5% of the amount of each transfer, whichever is greater. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Right now, you’ll earn 60,000 points after you spend $4,000 in the first three months. Blue Cash Preferred® Card from American Express, 60,000 points after you spend $4,000 on purchases in the first three months, 50,000 points after you spend $4,000 on purchases in the first three months, Primary; “expensive and exotic cars” are excluded, Primary; provides reimbursement up to $75,000 for theft and collision, Up to $50 per incident, up to four times a year, Up to $500 per ticket for delays of 12 or more hours (or requiring an overnight stay), Up to $500 per ticket for delays of 6 or more hours (or requiring an overnight stay), Up to $3,000 per person (up to $500 per person for jewelry, watches, cameras, video recorders and other electronic equipment), $500,000 for common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit, $1,000,000 for common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit, Up to $500 per claim and up to $50,000 per year, Up to $10,000 per claim and up to $50,000 per year, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Reserve vs. With the Preferred, there’s no cost to add additional users. We may receive compensation when you click on links to those products. It was the first to earn Ultimate Rewards points that were transferable to a number of different airline and hotel loyalty programs, but offered some other outsized benefits as well. If you’re delayed and need to spend on meals, lodging, or other necessities, the Reserve’s coverage kicks in at 6 hours instead of 12 for the Preferred, and the same for if your bag is delayed and you need to buy replacement clothes or toiletries. View our latest valuations here. With the Chase Sapphire Preferred offering a slightly higher sign-up bonus of 60,000 points after you spend $4,000 in the first three months and travel understandably on the back burner for many cardholders, there are plenty of reasons why it could be the more attractive option for your wallet. Want more credit card news and advice from TPG? It earns one point per dollar everywhere else. If you decide that you would get more value with the Reserve card’s features, you can always request an upgrade later down the line. Read our comparison chart below. Its significantly higher sign-up bonus is a huge factor in its favor, and you can always upgrade to the Reserve later if you decide you’d rather take advantage of its perks and its higher direct-redemption rate for travel expenses. The Chase Sapphire Reserve® is the ability to earn 50,000 points after spending $4,000 in the first three months. $ 0.0125 per point TPG values Ultimate Rewards travel portal choice than the card issuer Detailed... Bonus and offers big bonus Rewards for both travel and dining in,... Added points per dollar on Lyft, travel and dining purchases Preferred recently offered its sign-up. Airline miles or hotel points will find the added points per dollar on those purchases.! Redeem your reward points for a variety of awards including cash back, merchandise and travel reservations of. 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