Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®: Should You Upgrade?
Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®: Should You Upgrade?
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While the Chase Sapphire Reserve® is a good choice for luxury travelers who want airport lounge access, the Chase Sapphire Preferred® Card is a better value for everyday consumers.
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® cards are widely considered to be some of the best travel rewards credit cards on the market. However, most consumers will get more value from the Chase Sapphire Preferred® Card:
- The Chase Sapphire Preferred® Card only charges a $95 annual fee (compared with the Chase Sapphire Reserve®'s hefty $550 annual fee) and comes with many of the same benefits as the Chase Sapphire Reserve®.
- The Chase Sapphire Preferred® Card also comes with a higher sign-up bonus and high earning rates on valuable everyday spending categories.
If you're partial to airport lounge access, however, you'll want to go with the Chase Sapphire Reserve® card, which comes with a Priority Pass™ Select membership.
It's worth noting that both cards are part of the Chase Ultimate Rewards® program, which allows you to transfer your points at a 1:1 ratio to 14 travel loyalty programs. Points are worth at least 25% more when redeemed through Chase Ultimate Rewards®, so you really can't go wrong choosing either of these cards.
Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®
 Chase Sapphire Preferred® Card
|  Read review | |
|---|---|---|
| First year value | $1,212.12 | $866.76 |
| Best for… | Most travelers | Those who spend heavily on travel or want lounge access |
| Annual fee | $95 | $550 |
| Earning rate | 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases | 5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards® |
| Estimated point value | $0.0125 | $0.015 |
| Bonus | Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. | Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. |
| Estimated bonus value | $1,000 | $750 |
| Travel credits |
|
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| Lounge access | None | Priority Pass access to 1,300+ airport lounges in 500+ cities worldwide |
| Authorized user fee | $0 | $75 |
Apply Now
On Chase's Secure Website | Apply Now
On Chase's Secure Website |
Rewards
Winner: Chase Sapphire Preferred® Card
For the average consumer, the Chase Sapphire Preferred® Card yields greater rewards value, both during and after the first year of card ownership.
The lower sign-up bonus and higher annual fee work to offset the overall value of the Chase Sapphire Reserve® card, despite its status as a premium credit card.
The Chase Sapphire Preferred® Card covers the same spending categories as the Chase Sapphire Reserve® card, plus offers a bonus on online groceries and streaming services. For everyday categories like dining, the Chase Sapphire Preferred® Card has a comparable offer to the Chase Sapphire Reserve®. The only category where Chase Sapphire Reserve® is the obvious winner is travel purchases, but Chase Sapphire Preferred® Cardholders will still get a hefty 5 points on all Ultimate Rewards travel spend.
Earning categories | |
|---|---|
| Chase Sapphire Preferred® Card |
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| Chase Sapphire Reserve® |
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Due to its lower annual fee and higher sign-up bonus, the Chase Sapphire Preferred® Card comes out on top when we look at how much an average consumer can earn with each card. In our sample below, our model cardholder earns around $962 in rewards with the Chase Sapphire Preferred® Card and only $867 in value with the Chase Sapphire Reserve®.
Of course, the rewards value can vary drastically, depending on how much you spend in a card's bonus categories. You should do your own math to decide which card will best match up with your spending patterns.
Sample rewards earned in first year and after first year (based on $18,000 annual credit card spend)
Chase Sapphire Preferred® Card
Value | |
|---|---|
| 80,000 bonus points x $0.0125 | $1,000 |
| $2,895 general dining spend x 3 point bonus x $0.0125 | $108.56 |
| $780 general travel spend x 2 point bonus x $0.0125 | $19.50 |
| $14,325 general spend x 1 point bonus x $0.0125 | $179.06 |
| First year: $1,000 bonus + $307.12 in points - $95 annual fee | $1,212.12 |
| After first year: $307.12 in points - $95 annual fee | $212.12 |
Chase Sapphire Reserve®
Value | |
|---|---|
| 50,000 bonus points x $0.015 | $750 |
| $2,895 general dining spend x 3 point bonus x $0.015 | $130.28 |
| $480 general travel and dining spend (subtracting $300 travel credit) x 3 point bonus x $0.015 | $21.60 |
| $14,325 general spend x 1 point bonus x $0.015 | $214.88 |
| First year: $750 bonus + $366.76 in points + $300 travel credit - $550 annual fee | $866.76 |
| After first year: $366.76 in points + $300 travel credit - $550 annual fee | $116.76 |
Also, keep in mind that a number of factors can affect the value of these two cards, including:
- Whether you plan to add an authorized user — while there’s no cost for the Chase Sapphire Preferred® Card, there is a $75 fee each year for the Chase Sapphire Reserve®.
- Whether you transfer points to one of Chase's travel partners, in which case the point value between the Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve® will be the same, since they offer the same point transfer options.
- Other features on the cards — The Chase Sapphire Reserve® card, for example, may be the more valuable option if you prefer a card with airport lounge access.
Sign-up bonus
Winner: Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card has the better sign-up bonus due to the sheer number of points it offers, though it depends on how you use those points.
If you redeem your sign-up bonus earnings through Chase Ultimate Rewards®, you'll get $1,000. And if you choose to transfer your rewards to a Chase hotel or airline partner, the Chase Sapphire Preferred® Card will still come out on top as you can get even more value from your points.
Winner: Chase Sapphire Preferred® Card | |
|---|---|
| Chase Sapphire Preferred® Card | Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. |
| Chase Sapphire Reserve® | Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This offer is worth at least $750. |
Annual fee
Winner: Chase Sapphire Preferred® Card
When it comes to comparing these cards' annual fees, the Chase Sapphire Preferred® Card is the clear winner.
However, whether or not either card's annual fee is worth it for you will depend on which benefits you're likely to use and how much value you can gain from the card.
In the table below, we add up the value of each card's benefits to determine how much their benefits outweigh their annual fees. While the Chase Sapphire Preferred® Card has a lower annual fee, the Chase Sapphire Reserve® potentially offers more value, particularly if you take advantage of its Priority Pass membership.
Annual fees vs. value of benefits
Chase Sapphire Preferred® Card | Chase Sapphire Reserve® | |
|---|---|---|
| Annual fee | $95 | $550 |
| Benefits |
|
|
| Net value | $1,262 | $1,266 |
Travel coverage and purchase protections
Winner: Chase Sapphire Reserve®
While both cards offer a host of travel coverages and purchase protections, the Chase Sapphire Reserve® offers greater coverage in most situations.
- For example, the Chase Sapphire Reserve® card offers purchase protection that covers you up to $10,000 per claim and $50,000 per year, while the Chase Sapphire Preferred® Card only offers $500 per claim and $50,000 per account.
- The Chase Sapphire Reserve® card offers emergency evacuation and transportation and return protection for purchased items, where the Chase Sapphire Preferred® Card doesn't include those offerings at all.
If travel coverage and purchase protections are essential for you, the Chase Sapphire Reserve® will be the better choice.
Chase Sapphire Preferred® Card | Chase Sapphire Reserve® | |
|---|---|---|
| Auto Rental Collision Damage Waiver | Primary coverage; provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars. | Primary coverage; provides reimbursement up to $75,000 for theft and collision damage for rental cars. |
| Trip Cancellation/Trip Interruption Insurance | Up to $10,000 per person and $20,000 per trip | Up to $10,000 per person and $20,000 per trip |
| Zero liability and fraud protection | Yes | Yes |
| Extended Warranty Protection | Extends original warranty by an additional year on eligible warranties of three years or less. | Extends original warranty by an additional year on eligible warranties of three years or less |
| Purchase Protection | Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account. | Covers new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per year. |
| Emergency evacuation and transportation | N/A | Medical services and transportation covered up to $100,000 |
| Trip delay reimbursement | For delayed travel of more than 12 hours (or requiring an overnight stay), get up to $500 per ticket | For delayed travel of six or more hours (or requiring an overnight stay), get up to $500 per ticket |
| Travel accident insurance | Accidental death or dismemberment coverage of up to $500,000 | Accidental death or dismemberment coverage up to $1,000,000 |
| Baggage delay insurance | Up to $100 a day for five days for delays over six hours | Up to $100 a day for five days for delays over six hours |
| Roadside assistance | Roadside service fees will be provided when you call and will be billed to your card | Up to $50 per incident four times a year |
| Return protection | N/A | Up to $500 per item, $1,000 per year within 90 days of purchase |
| Lost luggage reimbursement | Up to $3,000 per passenger | Up to $3,000 per passenger |
Other benefits
Winner: Chase Sapphire Reserve®
The additional benefits that come with these cards are comparable, but the Chase Sapphire Reserve® card beats out the Chase Sapphire Preferred® Card at every turn.
The main differentiator here is the lounge access offered by the Chase Sapphire Reserve®. Cardholders will receive a Priority Pass™ Select membership which grants them access to over 1,300 airport lounges worldwide.
You'll also get significantly more valuable travel credits with the Chase Sapphire Reserve® card, including a TSA Precheck/Global Entry/NEXUS fee credit and a $300 travel credit.
Benefit | Chase Sapphire Preferred® Card | Chase Sapphire Reserve® |
|---|---|---|
| Lounge access | N/A | Complimentary Priority Pass Select membership |
| Travel credits | $50 annual Ultimate Rewards hotel credit |
|
Can you combine the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®?
Unfortunately, you can only have one of these cards at a time – they can't be combined. If you cancel your Chase Sapphire Preferred® Card or Chase Sapphire Reserve® card, you'll have to wait 48 months to reapply and receive the sign up bonus. That said, you can always upgrade or downgrade if you already have a Chase Sapphire card, but doing so will not earn you an additional sign-up bonus.
Also be aware of the Chase 5/24 rule, which states that you likely will not be approved for any Chase card if you have opened five or more credit cards within the past 24 months.
Which card is best for you?
Chase Sapphire Reserve®: Best for luxury
The Chase Sapphire Reserve® card will be best for consumers who can afford to pay the high $550 annual fee and can make use of the luxury benefits that come with this card. Those who spend heavily on travel will be able to make the most of the Chase Sapphire Reserve®'s generous earning rate, too.
With perks like Priority Pass Select lounge access, a $300 travel credit, TSA Precheck/Global Entry/NEXUS reimbursement and more, frequent travelers can certainly appreciate all that the Chase Sapphire Reserve® card has to offer. If you're not sold on this card, however, consider another premium credit card instead.
Chase Sapphire Preferred® Card: Best for everyday use
With several of the same benefits as the Chase Sapphire Reserve® card, the Chase Sapphire Preferred® Card comes with a higher sign-up bonus at a fraction of the cost. This card offers competitive earning rates on everyday spending categories, including things like dining, streaming services, and groceries.
Though it doesn't come with all the bells and whistles of the Chase Sapphire Reserve® card, the Chase Sapphire Preferred® Card still has plenty to offer. Cardholders will get a $50 annual hotel credit and flexible points that can be worth 25% more when redeemed through Chase Ultimate Rewards®. For the casual consumer looking for a low-cost travel rewards card, the Chase Sapphire Preferred® Card can be a great option.
Can you upgrade from the Chase Sapphire Preferred® Card to the Chase Sapphire Reserve®?
Yes, you can upgrade from the Chase Sapphire Preferred® Card to the Chase Sapphire Reserve® if you find you're traveling and spending enough to warrant a more premium card. If you currently own the Chase Sapphire Preferred® Card, simply call the number on the back of your card and ask for an upgrade to the Chase Sapphire Reserve®. Note that your Chase Sapphire Preferred® Card must be open for an entire year in order to be eligible for an upgrade.
FAQs
What is the difference between the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®?
The Chase Sapphire Reserve® is essentially the upgraded version of the Chase Sapphire Preferred® Card. Both are part of the same rewards program, but the Chase Sapphire Reserve® offers a longer list of benefits and a higher rewards rate in exchange for a heftier annual fee.
What is the Chase Sapphire Preferred® Card credit score?
To be approved for the Chase Sapphire Preferred® Card, you'll need a Excellent credit score.
Is the Chase Sapphire Reserve® better than the Chase Sapphire Preferred® Card?
For the average consumer, the Chase Sapphire Preferred® Card is the better option. However, the question of which credit card is better between the Chase Sapphire Reserve® vs. Chase Sapphire Preferred® Card comes down to your personal spending habits and rewards goals. If you spend a lot on travel and dining and look for premium perks that make travel more convenient, the Chase Sapphire Reserve® is probably better for you. If you only travel casually, don't spend a lot on it each year and are hesitant to pay a higher annual fee, the Chase Sapphire Preferred® Card is likely better for you.
Can I switch from the Chase Sapphire Preferred® Card to the Chase Sapphire Reserve®?
You can ask to upgrade your Chase Sapphire Preferred® Card to the Chase Sapphire Reserve®. This might make the question of whether you should get the Chase Sapphire Preferred® Card versus the Chase Sapphire Reserve® easier to answer, as you can start with the Chase Sapphire Preferred® Card and then upgrade if you decide you're spending enough to justify the annual fee. Keep in mind that you won't be eligible for the sign-up bonus on the Chase Sapphire Reserve® when you upgrade. Alternatively, you can always downgrade Chase Sapphire Reserve® to Chase Sapphire Preferred® Card.
Is it worth upgrading from the Chase Sapphire Preferred® Card to the Chase Sapphire Reserve®?
It can be worth it to upgrade to the Chase Sapphire Reserve®, if you will take advantage of benefits like Priority Pass lounge access. You can do the math on your spending to decide if upgrading from the Chase Sapphire Preferred® Card to the Chase Sapphire Reserve® is worth it. Simply go through your bank statements and total how much you spend each month on travel and dining. From there, you can calculate how many extra points you'd earn with the Chase Sapphire Reserve® and add another 25% to the value of those points, since the Chase Sapphire Reserve® gets a 50% bonus on points redeemed for travel versus the Chase Sapphire Preferred® Card's 25% bonus. Don't forget to add in the value of any benefits the Chase Sapphire Reserve® offers that you'd take advantage of, such as the $300 travel credit, and then subtract the difference in annual fees between the two cards ($455) to get the difference in value based on your spending.
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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.
Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).