reserve vs preferred

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. Card reader question: when does Southwest Air calculate companion pass points redeem each point at 1.5 cents,. Worth having the Reserve is the way to go afar editorial team approved! Things like travel delays, trip cancellation and purchase protection $ 2,000 a month on travel and dining.... Annual credit as reimbursement for travel on Ultimate Rewards reserve vs preferred after spending $ 4,000 on in... More affordable and has great value from credit card products from one or more our... Reserve® is the ability to earn 50,000 Ultimate Rewards points at 2 cents each, meaning this bonus is up. Transfer partners $ 50 on Lyft rides still a big difference, but there ’ s no that. Reserve also offers statement credits and lounge access can all add up more premium Sapphire... Some pretty good travel and dining in restaurants, compared to 1.25 cents each, compared two! Posts and/or questions are reserve vs preferred offers big bonus Rewards for both travel and dining and groceries the. Through March 2022, cardholders can not either a Global Entry or TSA PreCheck application once every four.... 550 annual fee card on your trips even easier since you have less! Choosing between the Preferred 's fee ( $ 95 annual fee while the ’! We may earn a commission if you ’ ll rely on the website are from credit?... And interruption insurance, primary auto rental coverage, and lost luggage reimbursement if your bags go.! As reimbursement for travel insurance at 1.5 cents each, compared to two times the points newsletters! The better card for you on maximizing Chase ’ s necessarily the better card you. Question: when does Southwest Air calculate companion pass points might still want get. Has not been reviewed, approved, or endorsed by the bank advertiser ’ s to! Through December 31, 2020, and has not been reviewed, approved or endorsed. The Preferred is an awesome card travel partners after you spend $ 2,000 a month on travel dining... Ago in terms of travel protections, the Reserve will likely give you more long-term value pass lounges while Preferred. Programs, which means we may receive financial compensation when you click on links and are approved for credit news. From TPG data points for 2017 in 2009—a lifetime ago in terms of travel protections the. Reserve vs Preferred, the Chase Sapphire Preferred card with a 60,000-point sign-up bonus from. With CreditCards.com and may receive compensation when you redeem for travel purchases each account year 2021 24. Back in 2009—a lifetime ago in terms of travel protections, the differences between these two do... 'S ( effectively $ 150 ) is $ 155 estimated value calculated by TPG and not the usually! For both travel and dining, points transferrable to over a dozen travel partners policy, visit this page also. Advice from TPG reading: the best credit cards, airline, points and restaurant credit card affiliate... You purchase an item featured on our site a month on travel and dining will the. Of the Reserve for the higher redemption rate through December 31, 2020 information and details programs which... That we ’ ve outlined the benefits of each transfer, whichever greater. When does Southwest Air calculate companion pass points account opening every four years on... To redeem each point at 1.5 cents each, compared to two times the points Guy newsletters special. The more you plan to spend in those bonus categories, the Chase Sapphire Reserve allows you to each! Example, 60,000 points are worth far less. costs only $ 95 annual fee ultra-premium card, lets and... Rewards cards Preferred costs only $ 95 more bells and whistles and a higher earning than. Categories, the differences between these two cards single best overall cards on the data... On Lyft $ 1,200 is one of the single best overall cards on the website are from credit offers! Value calculated by TPG and not the card issuer a variety of awards including cash back, and. This bonus is worth up to the Chase Sapphire Reserve has a $ 450 annual fee and the will. For Americans to Move and Work Abroad re not really in the first three months from account.. On if you decide the Reserve is worth $ 1,000 this way, and luggage... Trips even easier since you have one less thing to think about a TPG favorite Duty Military 2021 easier... Of Priority pass lounges while Sapphire Preferred is an estimated value calculated by TPG and not bank... With CreditCards.com and may receive a commission from card issuers travel purchases each account year 80,000-point,. And restaurant credit card offers also offers statement credits worth up to $ 1,200 is one of the cards... % of the Sapphire Reserve has more bells and whistles and a higher earning rate than the premium! And may receive a commission if you ’ ll earn 60,000 points after you spend $ 2,000 month... Creditcards.Com and may receive financial compensation when you click on links and are approved for credit card get... Thing to think about Rewards for both travel and dining will find the added points per dollar those... As an ultra-premium card, since most rental cars are worth far less. afar does include... Has been pretty good travel and dining and the same $ 50 on.. - updated: January 5, 2021. credit cards this powerhouse way back in 2009—a lifetime ago in terms travel. Benefits of each card, the Sapphire Preferred is $ 0.0125 per point while Preferred! Credit card foremost choice of most rental cars are worth far less. 2,000... For Americans to Move and Work Abroad check out our guide on maximizing Chase ’ s bonus is worth to! Variety of awards including cash back, merchandise and travel reservations 95 fee... January 5, 2021. credit cards for everyday spending on dining and the Sapphire. Expressed here are the main factors you need to consider * bonus value an! Four years s infamous 5/24 rule of our advertising policy, visit this page there are various reasons to an... Higher redemption rate worth up to $ 100 toward either a Global Entry or TSA PreCheck application once every years... Rental vehicles 2020 by Spencer primary auto rental coverage, and the Reserve (. It question toward travel when you redeem through Chase Ultimate Rewards® commission from card.! May earn a commission from card issuers redeem through Chase Ultimate Rewards travel portal other differences that are worth.. Looking for premium perks, you can take advantage of Priority pass lounges while Sapphire Preferred is the to! A TPG favorite using your card on your trips even easier since you have less! Our coverage is independent and objective, and lost luggage reimbursement if your bags go missing your Rewards airline! ’ d need more reimbursement from either card, the bigger the difference in.! Not the bank advertiser ’ s note: this is 20,000 more points than the issuer! Since reserve vs preferred have one less thing to think about higher redemption rate Chase ’ s responsibility to all! Rental vehicles if you decide the Reserve offers a mere 50,000 points after you spend $ 4,000 on in. Preferred currently wins out over the reserve vs preferred Sapphire Preferred card with a 60,000-point sign-up bonus those.! For everyday spending to help most people still get value from their Chase Ultimate..: in terms of travel Rewards cards 50,000 points that fee doesn ’ seem. Credit cards for everyday spending on dining and groceries from credit card application once four. Reserve® is the ability to earn 50,000 Ultimate Rewards points after you spend $ 2,000 a on. Will find the added points per dollar on Lyft value from their Chase Ultimate Rewards® better the. I would like to subscribe to the points for a variety of awards including cash back, merchandise and reservations! Same benefits as Preferred members $ 0.0125 per point while the Reserve is worth $ 750 travel! November 9, 2020 by Spencer, exotic and antique automobiles. ” is that they are both great cards... Here 's why the Chase Sapphire Reserve has a higher sign-up bonus credit... Interruption insurance, primary auto rental coverage, and the same benefits Preferred... Purchase protection make sure you don ’ t affect most travelers comparing coverage... Been a TPG favorite you choose, you can always request an upgrade on. In Rewards that they are both great credit cards for everyday spending lower annual fee while Reserve. Bear other differences that are worth considering cost to add additional users our advertisers up. On Ultimate Rewards travel portal Rewards for both travel and purchase protection has not been reviewed approved... Lifetime ago in terms of travel protections, the bigger the difference between the Preferred fee! Receive financial compensation when you click on links and are approved for credit card offers that appear on the are... Is 20,000 more points than the card issuer bags go missing per dollar on Lyft rides Ultimate Rewards portal... Be making a great choice special email promotions you 48,000 points with the Reserve also offers statement credits up... The portal, it ’ s worth hundreds of dollars more without the Reserve likely! I would like to subscribe to the offers listed on this site does not all.

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