Chase Sapphire Reserve Versus Sapphire Preferred

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Chase Sapphire Reserve Versus Sapphire Preferred

Million Mile SecretsChase Sapphire Reserve Versus Sapphire PreferredMillion Mile Secrets Team

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Deciding between the Chase Sapphire Reserve and Sapphire Preferred cards?  I can help!

Both offer great sign-up bonuses and perks and earn Chase Ultimate Rewards points.  They’re my favorite kind of points!

But comparing the Chase Sapphire Reserve Versus Sapphire Preferred isn’t as easy as comparing sign-up bonuses and annual fees.

Chase Sapphire Reserve Versus Sapphire Preferred
The Sign-Up Bonus From the Chase Sapphire Preferred Is Worth 2 Nights At the Beautiful Grand Hyatt Kauai Resort & Spa.  But With the Sign-Up Bonus From the Chase Sapphire Reserve, You’ll Have Enough Points for 4 Free Nights!

I’ll show you the similarities and differences between these cards.  And help you decide which card is right for you!

Chase Sapphire Reserve Versus Sapphire Preferred

The Chase Sapphire Preferred is the top card I recommend if you’re new to miles and points.  But with the new Chase Sapphire Reserve card, deciding between these 2 great cards could be difficult!

They both earn Chase Ultimate Rewards points…my favorite kind of points!  You can transfer them to several great travel partners.  And they come with excellent sign-up bonuses and perks.

Here’s what you’ll get with each card.

Chase Sapphire Reserve

Link:   Chase Sapphire Reserve Review

With the Chase Sapphire Reserve card, you can earn 100,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first 3 months from account opening.  

You’ll also get:

The card has a $450 annual fee, which is NOT waived for the first year.  But you can easily offset the annual fee with credits and perks you’ll get from the card.

Chase Sapphire Preferred

Link:   Chase Sapphire Preferred

Link:   Chase Sapphire Preferred Review

When you open the Chase Sapphire Preferred card, you’ll earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

You’ll also get: 

  • 2X Chase Ultimate Rewards points on travel & dining
  • 1X Chase Ultimate Rewards points on everything else
  • 5,000 bonus Chase Ultimate Rewards points when you add an authorized user who makes a purchase within the first 3 months of account opening
  • No foreign transaction fees

The annual fee is $0 for the first year, then $95.  This makes it easy to evaluate the card for ~10 months without a fee to see how you like it.
Here are the questions to ask before deciding which card to get.

What Are an Extra 50,000 Chase Ultimate Rewards Points Worth?

The extra 50,000 Chase Ultimate Rewards points (100,000 points vs. 50,000 points) with the sign-up bonus from the Chase Sapphire Reserve versus the Sapphire Preferred are a big deal.

Consider how much those extra points are worth:

  • Enough for 2 round-trip coach award flights within the mainland US or Canada on United Airlines (25,000 United Airlines miles X 2)
  • Enough for a round-trip coach flight to Hawaii from anywhere in North America on United Airlines (using 35,000 Singapore Airlines miles)
  • award nights at a luxury Category 6 Hyatt hotel, like the Grand Hyatt Kauai where Emily and I stayed
  • $750 toward flights with the Chase Travel Portal (because points are worth 1.5 cents each toward travel if you have the Chase Sapphire Reserve)
Chase Sapphire Reserve Versus Sapphire Preferred
Enough Extra Points for a Round-Trip Coach Ticket to Hawaii Is a Great Deal! I Certainly Had Fun Visiting Kauai!

Or you could use the 50,000 Chase Ultimate Rewards points for $500 in cash back.  But I prefer to get Big Travel with travel partners like Hyatt and United Airlines!

Do You Book a Lot of Paid Travel?

100,000 Chase Ultimate Rewards points are worth $1,500 (100,000 points X 1.5 cents) in travel booked through Chase’s travel portal.  Because with the Chase Sapphire Reserve, your points are worth 1.5 cents each.

The 50,000 Chase Ultimate Rewards point sign-up bonus with the Chase Sapphire Preferred card is worth $625 (50,000 points X 1.25 cents) for travel booked through the Chase Travel Portal.  Because with the Sapphire Preferred, your points are worth 1.25 cents each.

That’s a difference of nearly $900!  So folks who book a lot of paid travel will do better with the Sapphire Reserve.

Flights on Southwest

And don’t forget, because your Chase Ultimate Rewards points are worth more on Chase’s travel portal with the Sapphire Reserve (1.5 cents each), it’s a better deal to book your Southwest tickets there.  Instead of transferring your Ultimate Rewards points directly to Southwest where they’re only worth up to ~1.43 cents each.

Plus, if you have the Southwest Companion Pass, you can still add a companion to your ticket!  Even if you booked your ticket through the Chase Travel Portal!

Can You Afford a Bigger Annual Fee Upfront?

The $450 annual fee will show on the first card statement you receive after opening your account.

So if you don’t have the $450 to spend upfront, you should apply for the Chase Sapphire Preferred instead.  Because the Chase Sapphire Preferred’s annual fee is waived the first year.

Would You Spend $300 Combined per Year on Airfare, Hotels, Cruises, Tolls, & Trains?

If you usually spend a few hundred dollars each year on travel purchases, like airline tickets, rental cars, train tickets, or hotels, the Chase Sapphire Reserve is a better choice.

Because you’ll get a $300 statement credit for travel purchases per calendar year, that you can use to offset the higher annual fee.

Chase Sapphire Reserve Versus Sapphire Preferred
Time is Running Out! Get Your Chase Sapphire Reserve Card Before the End of 2016 and Use the $300 Travel Credit TWICE Before the Annual Fee is Due!

You can earn the $300 in 2016 and get the $300 credit again in early 2017.  So you’ll earn $600 in travel credit with just 1 annual fee!

But if you don’t travel enough to use the travel credit from the Sapphire Reserve, you should get the Sapphire Preferred instead.  Because the large annual fee on the Sapphire Reserve might not be worth it.

Do You Mind Canceling Cards?

Some folks might not be comfortable canceling cards, because they don’t want the hassle, don’t like dealing with credit card companies, or are worried it will impact their credit score.

In that case, the Chase Sapphire Preferred is a better choice, because it has a lower annual fee that’s waived the first year.

Here’s how to help loved ones who don’t like dealing with credit card companies.

Can You Meet the Minimum Spending Requirements?

The minimum spending requirement is $4,000 in the first 3 months of account opening, for the Chase Sapphire Preferred and Chase Sapphire Reserve.

These larger minimum spending requirements can be daunting, but adding an authorized user could help.   Because that person’s spending counts towards unlocking the bonus!

Also, check out my 40+ tips to easily meet minimum spending requirements

It’s free to add an authorized user to your Sapphire Preferred account.

But you’ll pay $75 per authorized user with the Chase Sapphire Reserve.

Can You Get Both Cards?

You CAN get both card bonuses, as long as you’re not impacted by Chase’s stricter approval rules.  Because the Chase Sapphire Reserve and Sapphire Preferred are considered different card products.

Chase Sapphire Reserve Versus Sapphire Preferred
If You’ve Been Approved for a Lot of Cards Recently, It’s Unlikely You’ll Be Approved for Most Chase Cards

But folks that have opened ~5 or more credit cards (from any bank) in the past 24 months (excluding certain business cards), are unlikely to get approved for most Chase cards.  Even with an 800+ credit score!

Bottom Line

Most of y’all will do better with the Chase Sapphire Reserve versus the Chase Sapphire Preferred.

The Chase Sapphire Reserve has twice the sign-up bonus for Big Travel with Small Money.  And it has more generous perks such as a $300 annual travel credit, $100 Global Entry fee refund, airport lounge program, and greater points earnings on travel and dining.

That said, the Chase Sapphire Reserve will cost you $450 per year.  The Chase Sapphire Preferred will cost you $0 in annual fees the first year, and $95 per year if you decide to keep it.

Or, you could get one card now and the other later and earn both sign-up bonuses.  Because they’re considered different card products! 

Which card would you rather have?

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Can you clarify the timing on the $300 annual credit? I just read the fine print and it goes “”annually” means the year beginning with your account open date through the first December statement date of that same year, and each 12 billing cycles starting after your December statement date through the following December statement date. So if I just applied for the card and my first billing period closes on December 2, will I still have Nov to spend the $300 and then have it reset again in January? In other words, can I still get $300 for 2016 and another for 2017?

Author
Million Mile Secrets

That’s correct! You can get it once in 2016 and once in 2017!

@Adam I just spent $50 to put on my Tollway account and within a day I was credited that amount from Chase Reserve acct. So if I spend $250 or more in travel related transactions in the calendar year, I will receve an additional $250.

This article has an error. You CANNOT book southwest flights via the chase portal. Please correct.

I don’t understand how someone could NOT spend $300 a year in travel. It’s hard to find a RT anywhere for less than $150. It’s one thing with cards like Amex Plat and PRG which don’t count airfare toward airline purchases (though you can sneak around that with airline gift cards), but $300 a year in travel is nothing, at least for me sadly.

The Chase website says UP TO $300 in travel credit. How exactly is it earned/applied? We have the Freedom/Preferred combo. We fly one or 2 times a year to visit family, and our costs will go up when my infant becomes full fare. But that $450 is daunting and earning enough for a free trip each year is hard enough… or enough to cover $95. But the 1.5 times instead of 1.25 is a bonus, and the TSA pre-screen is nice.

Just please elaborate on the $300 reimbursement

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