Chase Sapphire Reserve vs Chase Sapphire Preferred Card

Credit Card Rewards Comparison Calculator

Don't know which Chase Sapphire card to choose? Our calculator makes it easy to compare the annual fees, rewards, and perks of the Reserve and Preferred.

The Chase Sapphire Reserve® and the Chase Sapphire Preferred® Card are two of Chase's best travel credit cards. You'll want to focus on each card's bonus categories and travel perks, but the biggest thing will actually be how you plan on redeeming your points.

Transferring points to partners versus using each card's point value boost towards travel booked through Chase Ultimate Rewards can make a big difference due to the significant range in point values you can obtain from these redemptions.

Rewards Rates

Chase Sapphire Reserve®
Chase Sapphire Reserve®
10X
Earn 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
10X
Earn 10X total points on Chase Dining purchases with Ultimate Rewards®.
5X
Earn 5X total points on flights when you purchase travel through Chase Ultimate Rewards®.
3X
Earn 3X points on other travel worldwide after the first $300 is spent on travel purchases annually.
3X
Earn 3X points on other dining at restaurants, including eligible delivery services, takeout and dining out.
1X
Earn 1X points on all other purchases.

As part of the Chase-Lyft Partnership, the Chase Sapphire Reserve also earns 10X points on Lyft purchases until March 2025.

Do note that you will not earn bonus points on travel purchases until after you use the annual $300 travel credit. Once the credit is exhausted, you'll then earn the 5X/10X bonuses on travel purchases.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
5X
Earn 5X total points on travel purchased through Chase Ultimate Rewards®.
3X
Earn 3X points on dining, including eligible delivery services, takeout and dining out.
3X
Earn 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs).
3X
Earn 3X points on select streaming services.
2X
Earn 2X on other travel purchases.
1X
Earn 1X on all other purchases.

As part of the Chase-Lyft Partnership, the Chase Sapphire Preferred Card also earns 5X points on Lyft purchases until March 2025.

Do note that you will not earn 5X points on hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit. Once the credit is exhausted, you'll then earn 5X on hotel purchases through the portal.

Current Intro Bonus

Chase Sapphire Reserve®
Chase Sapphire Reserve®

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Key Cardholder Benefits

Chase Sapphire Reserve®
Chase Sapphire Reserve®
  • Receive up to $300 in statement credits as reimbursements for travel purchases charged to your Chase Sapphire Reserve card each account anniversary year. You will not earn points on travel purchases until you have used the full $300 credit.
  • Receive a statement credit of up to $100 every 4 years as reimbursement for the Global Entry, TSA PreCheck, or NEXUS application fee charged to your Chase Sapphire Reserve.
  • Receive complimentary Priority Pass Select membership which grants access to over 1,000 VIP lounges worldwide so you can rest before your flight.
  • 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 through The Luxury Hotel & Resort Collection.
  • Receive a 50% boost to point value when you redeem your points through Chase Ultimate Rewards (1.5 cents per point).
  • Use Pay Yourself Backâ„  for up to 50% more in point value during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get complimentary access to DashPass – a membership for both DoorDash and Caviar – which unlocks $0 delivery fees and lower service fees on eligible orders for a minimum of one year when you activate by December 31, 2024. With DashPass you also get $5 in DoorDash credits each month, redeemed at checkout.
  • Be protected with travel insurance including Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
  • Receive a 25% boost to point value when you redeem your points through Chase Ultimate Rewards (1.25 cents per point).
  • Receive a $50 hotel credit every cardmember anniversary that can be used towards hotel stays booked through the Chase Ultimate Rewards Travel portal.
  • Every cardmember anniversary you'll receive 10% bonus points based on how much you spent on the card the prior cardmember year. This bonus does not include the category bonus multipliers.

Rewards Value

Chase Sapphire Reserve®
Chase Sapphire Reserve®
Redemption Option Average Value (in cents)
Point transfers to airline and hotel partners 0.6 - 2.1
Booking travel through Chase Ultimate Rewards using the Chase Sapphire Reserve 1.5
Pay Yourself Back using the Chase Sapphire Reserve 1.5
Redeeming points for cash back 1
Redeeming points for gift cards 1
Using points for Amazon.com purchases 0.8

Ultimate Rewards points earned with the Chase Sapphire Reserve can be redeemed for a value of 1.5 cents each towards travel booked through Chase Ultimate Rewards. You can also obtain higher values transferring points to Chase's airline and hotel partners.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Redemption Option Average Value (in cents)
Point transfers to airline and hotel partners 0.6 - 2.1
Booking travel through Chase Ultimate Rewards using the Chase Sapphire Preferred 1.25
Pay Yourself Back using the Chase Sapphire Preferred 1.25
Redeeming points for cash back 1
Redeeming points for gift cards 1
Using points for Amazon.com purchases 0.8

Ultimate Rewards points earned with the Chase Sapphire Preferred card can be redeemed for 1.25 cents towards travel booked through Chase Ultimate Rewards. Points can also be transferred to Chase's airline and hotel partners to obtain higher value.

Transfer Partners

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The Chase Sapphire Reserve and Chase Sapphire Preferred grants access to the same transfer partners. This is typically the best use of Ultimate Rewards points and give you as much as 2 cents per point in value (hint: World of Hyatt).

If you plan on mostly transferring points to partners, you'll want to side with the card that earns you the most points. Don't forget that you can pair the Sapphire credit cards with Chase's cash back credit cards (e.g. Chase Freedom Flex℠, Chase Freedom Unlimited®) to maximize your earnings.

Annual Fees

Chase Sapphire Reserve®
Chase Sapphire Reserve®

The Chase Sapphire Reserve has an annual fee of $550. Additional users can be added for an annual fee of $75 per additional card.

You can offset a big chunk of the annual fee with the $300 in annual statement credits. If you spend moderately on the card and make use of the lounge access, it won't take long to make up for the annual fee especially with points being worth a minimum of 1.5 cents each towards travel.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card

The Chase Sapphire Preferred Card has an annual fee of $95. The 10% anniversary bonus points, $50 hotel credit, and boost to point value via Chase Ultimate Rewards will offer exceptional value each year and will make up for the card's annual fee.

Card Value 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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