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Home » Credit Cards » Chase Sapphire Preferred® vs Chase Sapphire Reserve®
Credit Cards

Chase Sapphire Preferred® vs Chase Sapphire Reserve®

Miles November 27, 2022 42 Comments

We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Monkey Miles is also a Senior Advisor to Bilt Rewards Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Chase Sapphire Preferred® vs Chase Sapphire Reserve®

One of the questions I get most often…Zach, should I get a Chase Sapphire Preferred® or a Chase Sapphire Reserve®. Well, simply put, I think Chase has made the Chase Sapphire Preferred® so good…they kind of killed the Chase Sapphire Reserve®. I downgraded my Chase Sapphire Reserve® years ago, but with this new 80k offer, I’m eligible for a Sapphire product again and will likely pull the trigger on the CSR.

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

Current Welcome Offers and Annual Fee

Both cards have had all time high offers of a 100k points, but the Chase Sapphire Reserve® currently has a much stronger offer of 80k after $4k spend in 3 months than the 60k points the CSP is offering.

The annual fee? A big difference, but remember both cards come with travel credits that lower the effective cost, but there is still over $200 of difference. Cash in your pocket.

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

60k points after $4k spend in 3 months 60k after $4k spend in 3 months
  • Note some people are getting 70k offers if already Chase account holders when they log in to their accounts and search
$95 annual fee
  • $50 annual hotel credit in Chase travel

$45 net cost

$550 annual fee

  • $300 travel credit

$250 net cost

Earn Rates

This is where the Chase Sapphire Reserve® used to really pull away from the Chase Sapphire Preferred®. Not so much anymore. The biggest differences are within the Chase Portal on travel and on Peloton.

Personally, I don’t book mucht of my travel within portals, and typically I never book hotels within a portal since you don’t earn hotel points or get elite credit. Airline purchases could still give you elite miles and credit, but the CSP and CSR earn the same rate on airlines, 5x.

The biggest difference is when it comes to travel outside of the portals whereChase Sapphire Reserve® gets 3x and Sapphire Preferred gets 2x. Preferred even has 3x categories for online groceries and select streaming.

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

1x on every single purchase without limit 1x on everything
Purchases in the Chase Travel Portal
  • 5x on hotels, flights and car rentals
  • 5x on Lyft
  • 3x on dining at restaurants worldwide
  • 3x on online grocery
  • 3x on select streaming
  • 2x on all other travel
Purchases in the Chase Travel Portal
  • 10x on hotels and car rentals
  • 5x flights
  • 10x on Lyft + 2 years of Lyft Pink All Access
  • 10x on Peloton
  • 3x on dining at restaurants worldwide
  • 3x on all other travel

Annual Credits 

As mentioned earlier, both of these cards give credits towards travel. The Chase Sapphire Preferred® gives a $50 hotel credit when you book through the Chase Travel Portal vs the Chase Sapphire Reserve® which gets a broader $300 travel credit that is valid on travel purchases outside the Chase travel portal.

  • Chase Sapphire Preferred® cost after using the travel credit is $45
  • Chase Sapphire Reserve® cost after using the travel credit is $250

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

  • $50 Annual Hotel credit in the Chase Travel Portal
  • $300 Travel Credit
  • 10% anniversary boost
  • $100 Global Entry/ TSA credit
    • every 4 years
  • Complimentary DoorDash DashPass for 12 months
    • Must activate by 12/31/24
  • Complimentary DoorDash DashPass for 12 months
    • Must activate by 12/31/24
  • $5/month DoorDash credit
    • credit carries over for 2 months, most is $15
    • Up to 7 Authorized users get the credit as well
  • Complimentary Instacart+  for 6 months
    • Must activate by 07/31/24
  • Complimentary Instacart+ for 12 months
    • Must activate by 07/31/24
  • $15/month Instacart+ credit

You could use the travel credit at hotels that don’t have elite programs, like Peninsula Bangkok

Using points

Both of these cards earn premium Chase Ultimate Rewards that are fully transferrable to any of the over a dozen transfer partners. Please check out our 20 best uses of Chase Ultimate Rewards for some of our favorite uses, but transfer partners are how we are able to travel in some of the finest cabins in the world.

The biggest distinction here is when you’d use your points in the Chase Travel Portal. There, the Chase Sapphire Preferred® only gets 1.25c vs the Chase Sapphire Reserve® gets 1.5c per point when used on travel.

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

  • Transfer to travel partners
  • Transfer to travel partners
  • Redeem at 1.25c in Chase Travel
  • Redeem at 1.5c in Chase Travel

Book Lufthansa First Class for 100k points one way with Air Canada Aeroplan

Lounge Access

This is where Chase Sapphire Reserve® pulls ahead of Chase Sapphire Preferred®. The Chase Sapphire Reserve® has one of the best Priority Pass memberships in the business because it includes restaurant access. However, this is the same memberships that the Capital One Venture X Rewards Credit Card provides which is why I keep a Venture X and a Chase Sapphire Preferred® in my wallet instead of a Chase Sapphire Reserve®.

We have heard rumblings that Chase will be rolling out their own network of lounges, but the details aren’t explicit and we aren’t fully aware of who will have access aside from knowing Chase Sapphire Reserve® members will have access. Will Sapphire Preferred members get a few passes a year? Pay for entry? We just don’t know.

The other rumor is that Priority Pass Select members will have access…so that potentially means that Capital One Venture X Rewards Credit Card members could access via their Priority Pass membership? That sounds too good to be true.

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

  • None
  • Priority Pass select membership (enrollment required )
    • Comes with restaurant access
  • At some point Chase lounge access but we aren’t sure when, where, policies just yet and whether users CSP users will have access
    • New York LaGuardia (LGA)
    • Boston Logan International (BOS)
    • Hong Kong International (HKG)
    • San Diego International (SAN)
    • Phoenix ( PHX )
    • Las Vegas ( LAS )
  • At some point Chase lounge access but we aren’t sure when, where, policies just yet, but we are told CSR users will have access
    • New York LaGuardia (LGA)
    • Boston Logan International (BOS)
    • Hong Kong International (HKG)
    • San Diego International (SAN)
    • Phoenix ( PHX )
    • Las Vegas ( LAS )

Other Benefits

This isn’t an extensive list of benefits, but what you start to see is how good the coverage is on Chase Sapphire Preferred® for just $95 a year. While there are small differences, like trip delay starting at 12 hours vs 6 hours with the Chase Sapphire Reserve®, and emergency medical coverage, I’d say they are pretty tight competitors.

 Chase Sapphire Preferred® Card

Learn more

Chase Sapphire Reserve®

 learn more

Primary Rental Car coverage excluding High Value, exotics, etc some exclusions Primary, up to $75k, some exclusions
Trip Cancellation
  • Up to $10k.
Trip Cancellation
  • Up to $10k
Trip Delay
  • $500 but has to be 12+ hours
Trip Delay
  • $500 starts at 6 hours
Baggage delay
  • Up to $100 a day
  • 5 days max
Baggage delay
  • Up to $100 a day
  • 5 days max
Lost Baggage
  • Max $3k per person
    • (Capped at $500 a person for jewelry, watches, cameras/video/ electronic equipment).
Lost Baggage
  • Max $3k per person
    • (Capped at $500 a person for jewelry, watches, cameras/video/ electronic equipment).
Emergency Medical
  • Doesn’t include
Emergency Medical
  • Up to $2,500 with a $50 deductible
Purchase Protection
  • Up to $50k a year
    • $500 per claim
Purchase Protection
  • Up to $50k a year
    • Up to $10k per claim
5x on Lyft

5x total points on Peloton Bike, Tread, Row and Guide over $250

  • Max earn of 25,000 total points.
  • Now through March 31, 2025.*
  • Lyft Pink All Access
    • Free for 2 years, worth $199 a year
      • activate by 12/31/24
    • 50% the 3rd year
    • Other benefits
      • Free Priority Pickup upgrades to get picked up faster
      • Member-exclusive pricing including 10% off all Lux rides
      • Cancellation forgiveness, cancel up to 3 times per month for free
      • In-app roadside assistance for your own car, free up to 4 times a year
      • Free SIXT car rental upgrades
      • Free, unlimited 45-min classic bike rides
      • Free unlimited ebike and scooter unlocks
      • Discounted ebike and scooter rates
      • 3 bike or scooter guest passes per year
  • 10x on Lyft through 3/2025
  • 10x on Peloton Peloton Bike, Tread, Row and Guide purchase over $250
    • Max earn of 50,000 total points.
    • Now through March 31, 2025.

Overall

Personally, without this increased CSR offer, I don’t see a reason to spend the extra money to have the Chase Sapphire Reserve® when the Preferred earns nearly the same rates of return, offers a bevy of benefits, has transferrable points, and you could add a Capital One Venture X Rewards Credit Card to your wallet to earn 2x everywhere and get some more premium benefits that the Chase Sapphire Reserve® offers for lower out of pocket total cost. Every situation is different, but for most people, this is the combo I would say would give you more options for redemption for lower out of pocket cost.

The Capital One Venture X Rewards Credit Card comes with a $300 travel portal credit and a 10k anniversary points bonus all for a $395 annual fee.

 Chase Sapphire Preferred® Card

Learn more


Capital One Venture X Rewards

Credit Card

Learn More

Capital One lit the premium card market on fire when it dropped this card. It quickly was added to our wallet for the following reasons!

♥ Earn 75k Bonus Points after $4k Spend in 6 months

♥$300 Annual Travel credit within Capital One Travel Portal

♥2x on every single purchase without limit

♥10x on hotels and car rentals purchased via Capital One Travel

♥5x on airfare purchased within Capital One Travel

♥Lounge access:

  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Priority Pass access ( including restaurants for you and two guests )
  • Authorized Users have access as well

♥ 10k Anniversary Miles every year you keep the card – worth $100 in Capital One Travel or transferred to partners

♥$395 Annual Fee

If you spend more than $400 a year on travel, you’ll quickly offset the annual fee with the $300 travel credit and 10k anniversary bonus. The rest is gravy. And you can add up to 4 Authorized Users fee free!

Learn More


 

Affiliate Disclosure

Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers.

 


Chase Sapphire Preferred® Card

A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee

♥ Earn 60k Bonus Points after $4k Spend in 3 months

♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel

♥5x on travel purchased via Chase Travel and 2x on all other travel purchases, plus more.

♥3x on dining, including eligible delivery services, takeout and dining out

♥3x on select streaming

♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs 

♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary

♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points.

 Learn more


 

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About Author

Miles

This Monkey didn't get the name Miles for nothing. I might look like an innocent little furball, but I am a Points and Awards BEAST!! Follow me around the world to see how I fly in lie flat seats and sleep in 5* suites for pennies on the dollar.

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42 Comments

  1. George Carrillo Reply
    February 1, 2023 at 2:31 am

    Appreciate anybody who uses my link! Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards:
    https://www.referyourchasecard.com/6f/G069MR0DXX

  2. Jason Snell Reply
    January 30, 2023 at 2:41 am

    Thank you if use my link. Earn $200 cash back with the Chase Freedom Unlimited® or Chase Freedom Flex℠ credit card.
    https://www.referyourchasecard.com/18o/700HASWMPM

  3. Jessica Reply
    January 27, 2023 at 5:40 pm

    My spouse and I each have one, and these miles are taking us to Europe on Business later this year. Great products! Appreciate you using our links:

    Sapphire Preferred:
    https://www.referyourchasecard.com/6f/GEV132VFJS

    Sapphire Reserve:
    https://www.referyourchasecard.com/19/3H2W8815GI

  4. Trevor Williams Reply
    January 21, 2023 at 6:04 pm

    Thank you to anyone who uses my link! Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card.
    https://www.referyourchasecard.com/6f/G069MR0DXX

  5. Jason Snell Reply
    January 21, 2023 at 6:02 pm

    Appreciate you if use my link. Earn $200 cash back with the Chase Freedom Unlimited® or Chase Freedom Flex℠ credit card.
    https://www.referyourchasecard.com/18o/700HASWMPM

  6. Patrick Reply
    January 17, 2023 at 8:57 am

    THANK YOU!
    Earn 60,000 bonus points with Chase Sapphire Preferred. I can be rewarded, learn more.
    https://www.referyourchasecard.com/6f/T6ZSM0687L

  7. Michael H Reply
    January 2, 2023 at 5:24 pm

    Thank you in advance to anyone who uses my links! Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card.
    https://www.referyourchasecard.com/6f/G069MR0DXX

    Earn $200 cash back with the Chase Freedom Unlimited® or Chase Freedom Flex℠ credit card.
    https://www.referyourchasecard.com/18o/700HASWMPM

  8. Josh Reply
    January 2, 2023 at 3:30 pm

    Appreciate you using my link! Saving up points for a family trip to Japan!

    Earn 60,000 bonus points with Chase Sapphire Reserve. I can be rewarded, learn more.
    https://www.referyourchasecard.com/19/3H2W8815GI

  9. John Reply
    December 27, 2022 at 3:42 pm

    If you are looking to sign up for the reserve I would appreciate you using my link so we can both be rewarded!!!
    60k bonus points Chase Sapphire Reserve referral offer
    https://www.referyourchasecard.com/19/PKF98S3VB7

  10. David R Reply
    December 22, 2022 at 1:11 pm

    Appreciate anyone who uses my links! Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards: https://www.referyourchasecard.com/6f/6R5V9L627Z

  11. Katie Reply
    December 21, 2022 at 1:04 pm

    Hey Travel Friends! I just started learning about points and miles this year from Monkey Miles and Zach! I’ve been working on accumulating points and am hoping to do my first redemption next year on a trip to Paris! I would love if you use my referral link if you’re considering the Chase Sapphire Preferred! Thanks and happy traveling!

    Chase Sapphire Preferred: Earn 60,000 bonus points:
    https://www.referyourchasecard.com/6f/VT6DDX5VFG
    -This has been a great card for me this year – good for restaurants, travel, etc! I went with this card over the Sapphire Reserve because I also have the Capital One Venture X and get lounge access through that so this annual fee made more sense for me 🙂

  12. David R Reply
    December 19, 2022 at 1:59 pm

    Thank you so much if you use my links! Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards: https://www.referyourchasecard.com/6f/6R5V9L627Z

    Earn $200 cash back with the Chase Freedom Unlimited® or Chase Freedom Flex℠ credit card. I can be rewarded, learn more.
    https://www.referyourchasecard.com/18o/700HASWMPM

  13. David Reply
    December 8, 2022 at 2:07 pm

    https://www.referyourchasecard.com/6f/IRPSTPI5PH

    Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards:

    https://www.referyourchasecard.com/6f/IRPSTPI5PH

    I don’t really travel ever, so earning points is kinda hard. Appreciate the help using the link

  14. Robert Zielinski Reply
    November 29, 2022 at 10:50 pm

    Thank you to anyone who uses my link. Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards: https://www.referyourchasecard.com/6f/6R5V9L627Z

    Earn $200 cash back with the Chase Freedom Unlimited® or Chase Freedom Flex℠ credit card. I can be rewarded, learn more.
    https://www.referyourchasecard.com/18o/700HASWMPM

  15. christine Reply
    November 28, 2022 at 12:58 am

    Earn 60,000 bonus points with Chase Sapphire Preferred.
    https://www.referyourchasecard.com/6f/BRYC9DJZGR

  16. Jony A. Reply
    October 25, 2022 at 6:14 am

    Here’s my Venture X referral link: https://capital.one/3DvaOjG

  17. William Reply
    October 21, 2022 at 3:09 pm

    Chase Sapphire Preferred: Earn 60k points after spending $4000 in the first 3 months.

    https://www.referyourchasecard.com/6f/8LBOYMRO94

    Good Luck! Thank You So Much!

  18. Carolyn Reply
    October 18, 2022 at 12:26 am

    Chase Sapphire Preferred is my go-to card. Really appreciate the low annual fee.

    Earn 60,000 bonus points with Chase Sapphire Preferred. I can be rewarded, learn more.
    https://www.referyourchasecard.com/6f/DKZGRP3482

  19. Kim Reply
    October 12, 2022 at 8:06 pm

    Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards:
    https://www.referyourchasecard.com/6f/3WSWUR1NXK

  20. Kim Reply
    October 11, 2022 at 6:56 pm

    Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards:
    https://www.referyourchasecard.com/6f/3WSWUR1NXK

  21. Patrick Reply
    October 10, 2022 at 10:07 am

    And how about the pay yourself back benefit of the reserve? does that figure into the equation at all?

  22. Mike R Reply
    October 10, 2022 at 9:19 am

    Let’s not ignore the horrible experience of the Chase travel portal. Want to change a flight / deal with irrops and it’s a painstaking procedure, starting with a CSR that has no idea of what they’re actually doing beyond a script, and online tools that don’t let you do much of anything by yourself.

    I tried it early on in my relationship with Chase, then learned booking direct with airlines and hotels (on other cards with various rewards structures) is much, much less complicated.

  23. James P Reply
    July 1, 2022 at 3:59 pm

    Now you can earn 60,000 bonus points with the Chase Sapphire Preferred® credit card. If you apply and get approved, we can both earn rewards:
    https://www.referyourchasecard.com/6f/G069MR0DXX

  24. William Reply
    June 15, 2022 at 7:48 am

    Chase Sapphire Preferred: Earn 60K points after spending $4000

    https://www.referyourchasecard.com/6f/8LBOYMRO94

    Good Luck! Thanks a lot!

  25. Joe A. Reply
    May 25, 2022 at 12:43 pm

    I have the CSP and absolutely love it! The 10% bonus points I receive every year alone offset my annual fee. I’ve managed to book many trips with the referral program and the bonus points, I’ve received over the years. I’m currently planning my honeymoon and trying to get those bonus points to offset the cost!

    Here is my referral link where you can receive 80k bonus for signing up when you get approved and meet the spending guidelines.
    https://www.referyourchasecard.com/6p/5IVEDLBWNZ

  26. Jordan Reply
    May 2, 2022 at 2:07 pm

    I have the CSR and am thinking about downgrading to the CSP so I can refer friends. Don’t pay the annual fee so I figured I should stick to the CSR but am just unsure! 🙁

  27. Kaushik Subramanya Reply
    September 25, 2018 at 7:25 pm

    Great Article

    Quick question “Amex is rumored to be releasing a beastly new Gold card” .. I have not found any references to this. May I request you to point me to a potential link … I’d certainly be interested in this . TIA !!

    • Miles Reply
      September 25, 2018 at 7:38 pm

      Sure thing DOC has the latest http://www.doctorofcredit.com/additional-details-regarding-premier-rewards-gold-card-update-sign-up-bonus-annual-fee-more/amp/

  28. Kim Reply
    September 23, 2018 at 8:49 am

    I have learned a lot from your website posts over the years. Thank you very much.

    At present I have the following fee-cards mainly for travel/dining related spending:

    * CitiPremier ($75)
    * Chase Sapphire ($95)
    * Alaska-Bank of America ($75)

    I also have no fee cards: Chase Freedom & Discover for quarterly category bonus, Chase Unlimited for everyday use.

    If I need to remove/downgrade/upgrade, what do you recommend? My family travel/dining expenses are estimated about $8k-$10k annually.

    • Miles Reply
      September 23, 2018 at 9:09 am

      Hey Kim – Thanks so much, that’s what we try our best to do 🙂 You’ll need to keep at least one premium chase UR card active to be able to transfer points, so I’d keep your Sapphire. If you’re not getting much use out of your CitiPremier then you could downgrade it to a Citi Preferred, but remember if you cancel that you’ll need to use the points in ( I believe 60 days – doing this off the top of my head ) and also your Citi Thank You clock resets – this is circumvented by just downgrading. There’s also rumor of a new Citi Prestige coming… Up to you with the Alaska Bank of America card – i keep a biz version active usually. I’d keep your eye out for Oct 4th when the new Amex Gold is rumored to debut – will be a killer for your categories and open you up to earning Amex – which would round you out.

  29. Michael Rizzotti Reply
    September 23, 2018 at 8:44 am

    I think there’s an error here in your math? You notate $6850 in dining spending required for either the 3x or 2x points recieved to compensate for the annual fee. Perhaps I’m reading it wrong , but it should really be $2283.33 and $3425 respectively, which is more than doable given your spending area/where you live ($190 or $285 a month). This is not even factoring in that this benefit is for both dining AND travel, in which case the monthly spending would surely be made up by travel if you don’t spend that much on dining. If you feel you’re not going to hit that, the card is simply not a good choice for you and a lower tier card should be registered as you notated. Also the travel benefits are completely unparalleled in comparison to the reserve (especially flight delay) against any other high end travel card, including primary rental insurance.

    Just my sense/reaction on this article. Maybe I misread the $6850 calculation but wanted to point out incase it was pivotal to your downgrade. Well written and definitely made me think!

    • Miles Reply
      September 23, 2018 at 9:15 am

      Michael – ahhhhh – good catch! I valued them at a penny a point which I should have at the least done 1.5 cents and I believe your math is doing 2 cents – I’ll update to reflect. Thanks for the head’s up and detailed response 🙂

  30. Jay Moore Reply
    September 23, 2018 at 8:22 am

    I don’t travel for work but my business spend is higher than personal. I put a lot of that spend on an Ink card. If I earn a modest 100k URs a year on my Ink organically, I’m leaving up $250 on the table in terms of direct travel redemptions by not having a CSR.

    Even if I transfer some of those points to partners I’m definitely still making up that $68 in redemptions directly through Chase.

    For this reason I’ll never downgrade. The ability to move points from other UR earning cards where their redemption value is 1.25 to the CSR where they’re 1.5, easley covers the annual fee difference. Every year!

  31. Steve Reply
    September 22, 2018 at 1:53 pm

    Completely agree with you. You only need 1 chase annual fee card to transfer points (in this case, you have the preferred). The preferred offers cell phone protection which offsets the annual fee. The question comes down to dining, and the 5.4% rate of return offered by the Reserve. Given that one can get 3.6 to 4.5% pretty easily on dining on a card which has no annual fee or benefits which fully offset the annual fee, one has to be spending quite a bit on eating out to cover the $150.

    One question, why not downgrade to a freedom or freedom unlimited instead given you have the preferred for partner transfers?

    • Miles Reply
      September 22, 2018 at 2:51 pm

      Steve – great primary rental car coverage – i probably rent 20-30 times a year and refer-a-friend bonuses are nice as well – i already have one freedom…

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