Chase Sapphire Reserve vs Preferred - Calculator & Benefits

Rewards Comparison Calculator
Calculate how many points you can earn with the Chase Sapphire Reserve vs the Chase Sapphire Preferred, the point value, and point transfers.
Last Updated 2022-01-06 By R.Flowers III

The Chase Sapphire Reserve® and the Chase Sapphire Preferred® Card are two of Chase's best travel credit cards.

The Chase Sapphire Reserve is a premium credit card that offers a great return on your dining and travel spending and grants a bunch of top-notch travel benefits including a 50% boost to point value on Chase Ultimate Rewards redemptions, Priority Pass, up to $100 towards a Global Entry or TSA PreCheck application, fantastic travel insurance, and much more.

The Chase Sapphire Preferred offers a fantastic return across dining, online grocery, streaming services, and travel. It comes with a 25% boost to point value on Chase Ultimate Rewards redemptions, a $50 anniversary hotel credit, and a 10% cardmember anniversary bonus.

Deciding on which card is the best will come down to how much you plan on spending across these cards, how you plan on using your rewards, and how much you value the benefits that comes with both cards.

Use the Chase Sapphire Reserve vs Chase Sapphire Preferred Comparison Calculator to calculate the cash value of both cards and find out which is best for you.

Comparing Point Value

Ultimate Rewards Points can be worth anywhere from 0.8 to 2 cents or more due to the sheer amount of redemption options the program provides.

The easiest redemption value for Ultimate Rewards Points is 1 cent per point in which you'll get when redeeming points for cash back, statement credits, gift cards, and a handful of other redemptions. This is the baseline value of Ultimate Rewards Points and anything lower than that is considered to be bad redemption value.

When comparing the Chase Sapphire Reserve versus the Chase Sapphire Preferred, the only time in which the value of points will differ will be when you're redeeming them for travel through Chase Ultimate Rewards or through Pay Yourself Back. Outside of these two options, the value of points will be the same.

Ultimate Rewards Points Value
Redemption Chase Sapphire Reserve Chase Sapphire Preferred
Point Transfers To Partners 1.2 to 2+ Cents 1.2 to 2+ Cents
Travel via Chase Ultimate Rewards 1.5 Cents 1.25 Cents
Pay Yourself Back 1.5 Cents 1.25 Cents
Cash Back, Statement Credits, Gift Cards 1 Cent 1 Cent
Amazon.com 0.8 Cents 0.8 Cents

If you plan on redeeming your points for travel through Chase Ultimate Rewards or plan on using the Pay Yourself Back feature, you'll get significantly more value out of your points as a Chase Sapphire Reserve cardholder.

This could play a big role in deciding which card is the better choice. The extra 0.25 points may not seem like a lot, but that adds up very fast over the course of the year. On top of that, the Sapphire Reserve earns higher on both Chase Travel and general travel purchases which could push the needle further if you spend in either category enough.

If you plan on redeeming your points for anything outside of these two redemptions, it will just come down to which card earns you the most points and whether or not the extra travel benefits on the Chase Sapphire Reserve tickles your fancy.

Comparing Transfer Partners

When it comes to the Chase Sapphire Reserve vs the Chase Sapphire Preferred, you'll be able to transfer points to the same partners. This means that the value you get out of transferring points will be the same no matter which card you have.

If you're looking to maximize the value you get out of this redemption, it will come down to which card earns you the most points. More points equals more rewards with Chase's travel partners.

Ultimate Rewards Points can be transferred to 13 travel partners.

Chase Transfer Partners
Transfer Partner Ratio
Air Canada Aeroplan 1,000 Points = 1,000 Aeroplan Points
Air France-KLM Flying Blue 1,000 Points = 1,000 Flying Blue Miles
British Airways Executive Club 1,000 Points = 1,000 Avios
Emirates Skywards 1,000 Points = 1,000 Skywards Miles
Iberia Plus 1,000 Points = 1,000 Avios
JetBlue TrueBlue 1,000 Points = 1,000 TrueBlue Points
Singapore KrisFlyer 1,000 Points = 1,000 KrisFlyer Miles
Southwest Rapid Rewards 1,000 Points = 1,000 Rapid Rewards Points
United MileagePlus 1,000 Points = 1,000 United Miles
Virgin Atlantic Flying Club 1,000 Points = 1,000 Virgin Points
World of Hyatt 1,000 Points = 1,000 Hyatt Points
IHG Rewards Club 1,000 Points = 1,000 IHG Points
Marriott Bonvoy 1,000 Points = 1,000 Marriott Bonvoy Points

Comparing Earning Rates

The Chase Sapphire Reserve and Chase Sapphire Preferred features several overlapping bonus categories including Chase Travel, general travel, and dining.

Chase Sapphire Reserve vs Preferred Bonus Categories
Chase Sapphire Reserve
  • 10 Ultimate Rewards Points per $1 spent on Chase Dining
  • 10 Ultimate Rewards Points per $1 spent on hotels and car rentals via Chase Ultimate Rewards
  • 5 Ultimate Rewards Points per $1 spent on airfare via Chase Ultimate Rewards
  • 3 Ultimate Rewards Points per $1 spent on travel purchases after the annual $300 travel credit is exhausted
  • 3 Ultimate Rewards Points per $1 spent on dining purchases
  • 1 Ultimate Rewards Point per $1 spent on everything else
Chase Sapphire Preferred
  • 5 Ultimate Rewards Points per $1 spent on the Chase Travel Portal
  • 3 Ultimate Rewards Points per $1 spent on dining, online grocery, and streaming services
  • 2 Ultimate Rewards Points per $1 spent on travel
  • 1 Ultimate Rewards Point per $1 spent on everything else

Travel

The Chase Sapphire Reserve will be your best friend if you plan on booking travel through the Chase Ultimate Rewards portal and dining out with Chase Dining. 10X points at an easy travel redemption value of 1.5 cents per point is a whopping 15% return on your spend.

The only drawback to booking travel through Chase Ultimate Rewards is that you will not get credit towards elite status and if you have status, it will generally not honor it. This usually applies to hotels booked through third party portals.

If you don't stay at a specific hotel chain enough to earn elite status or don't care about it, booking travel through Chase Ultimate Rewards using the Chase Sapphire Reserve is the route to take.

If you do care about elite status, then you'll be forced to book direct. This will earn you 3X points with the Chase Sapphire Reserve and 2X points with the Chase Sapphire Preferred. Depending on how much you spend on travel and how much you redeem your points for on average, this can be a big difference.

Online Grocery & Streaming

The Chase Sapphire Preferred earns 3X points on both online grocery and streaming services. While you won't earn much on streaming (unless you have subscriptions with every streaming service known to man), you can earn a solid return with the online grocery category.

This counts as any purchases with your used to pay for grocery pickup and delivery orders that are placed online with grocery stores, specialty food stores, or delivery service merchants that classify as grocery store merchants. This includes Meal kit delivery services as well!

Lyft

As part of a promotion, all Chase Ultimate Rewards credit card and cash back credit cards earn bonus rewards when spending with Lyft until March 2025.

The Chase Sapphire Reserve earns 10X Ultimate Rewards Points while the Chase Sapphire Preferred earns 5X Ultimate Rewards Points.

Everything Else

All miscellaneous purchases on the Chase Sapphire Reserve and Chase Sapphire Preferred will earn you 1 Ultimate Rewards Point per $1 spent. If you're redeeming points for 1.25 or more in value, running miscellaneous spend through either card is a great option.

If you want to maximize your miscellaneous spend and get the most out of your points, I recommend pairing either Sapphire card with the no-annual fee Chase Freedom Unlimited which earns 1.5% back on all non-bonus category spend. Why earn 1X when you can whip out the Freedom Unlimited and earn 1.5X on that purchase instead?

Comparing Benefits

The card benefits is where you really see the big difference between the Chase Sapphire Reserve and Chase Sapphire Preferred.

The Sapphire Reserve comes a decent list of travel benefits including airport lounge access, up to $300 in annual travel credit, a 50% point value boost for travel booked through Chase Ultimate Rewards, great travel insurance and more.

The Sapphire Preferred features the 25% point value boost, a $50 hotel credit for Chase Ultimate Rewards, a 10% cardmember anniversary bonus, and great travel insurance.

Chase Sapphire Reserve vs Preferred Benefits
Chase Sapphire Reserve
  • $300 Travel Credit: Received annually on your account anniversary and triggers on any purchase that Chase considers to be travel
  • 50% Point Value Boost: You'll receive a 50% point boost when you redeem points on the Chase Ultimate Rewards Portal.
  • Global Entry or TSA Pre✓ Fee Credit: Receive a statement credit of up to $100 every 4 years as reimbursement for the Global Entry or TSA Pre✓ application fee charged to your card
  • Priority Pass Select Membership: Receive complimentary access to over 1,300 lounges worldwide
  • Luxury Hotel and Resort Collection: Enjoy special benefits such as complimentary room upgrades, early check-in, late check-out, and more when you book your stays at top hotels and resorts worldwide.
  • Fantastic Travel Insurance: Trip Cancellation, Trip Interruption, Baggage Delay, Trip Delay, and more
Chase Sapphire Preferred
  • 25% Point Value Boost: You'll receive a 25% point boost when you redeem points on the Chase Ultimate Rewards Portal.
  • Annual $50 Hotel Credit: You'll receive a $50 credit every cardmember anniversary that can be used towards hotel stays booked through the Chase Ultimate Rewards Travel portal.
  • 10% Cardmember Anniversary Bonus: Every cardmember anniversary you'll receive 10% bonus points based on how much you spent on the card the prior cardmember year.
  • Fantastic Travel Insurance: Trip Cancellation, Trip Interruption, Baggage Delay, Trip Delay, and more

If you travel, the $300 annual travel credit will be easy to use. This will bring down the overall fee of the card to $250.

You'll then need to see if the benefits the card offer is worth that much to you. This includes the Priority Pass Membership, the 50% point value boost if you plan on redeeming points through Chase Ultimate Rewards, the access to Luxury Hotel and Resort Collection if you plan on using it, and the bonus points you'll earn spending on the card.

Point Calculator

Calculate how many points you can earn with the Chase Sapphire Reserve and Chase Sapphire Preferred side by side based on your spend. Calculate the average cash value of the points, the transfer of points to partners, and the cash value of each card.

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