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Preferred vs Reserve: How the Chase Sapphire credit cards stack up

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Preferred vs Reserve: How the Chase Sapphire credit cards stack up
Shayanne Gal/Business Insider



The Chase Sapphire Preferred Card and the Chase Sapphire Reserve are both fantastic credit cards, with valuable rewards and useful benefits.




While the Sapphire Reserve offers additional perks, it has a higher annual fee — $450 — versus the Sapphire Preferred's $95 annual fee (which is waived the first year). It's worth keeping in mind that some of the Reserve's benefits cancel out much of that fee.




Both cards also offer a generous sign-up bonus of 50,000 points when you spend $4,000 on purchases within the first three months.




Read on for the questions you should ask yourself if you're trying to decide between the two cards.




If you're still not sure at the end of this article, be sure to check out our list of 6 reasons you might be better off with the Reserve, and counterpoints of 7 reasons to consider the Preferred.



The Chase Sapphire Preferred has been one of the most popular credit cards among rewards experts and travelers alike for years, and it's easy to see why. On top of the 2x points earned on all dining and travel purchases, the card also comes with class-leading benefits, including primary collision damage waiver/theft insurance for rental cars, trip delay and baggage delay coverage, robust purchase protections, and fantastic customer service.
On top of all that, Chase offers Sapphire Preferred cardholders great options for redeeming points; you can exchange them for cash back at one cent per point, or you can use them to purchase travel thorough Chase's booking portal with a 25% bonus. Best of all, you can can transfer points to Chase's frequent flyer partners (click here to read about why that's potentially the most lucrative way to use your points).
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