Published On May 5, 2024
I currently have the Sapphire Preferred and have had Chase credit cards since I was 18. To me, either of these cards are a must have addition to your credit card setup and I believe the increased welcome bonus provides a great opportunity for you. You can always upgrade in the future, which is my plan. - Enjoy! Click "Show More" to see Ad Disclosure
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⏰ Timestamps ⏰
00:00 Intro
00:25 Sapphire Preferred
04:21 Sapphire Reserve
08:22 Key Similarities
09:33 The Main Differences
10:53 Which Is Best For You?
Key Features:
Chase Sapphire Preferred Card:
- Annual Fee: $95/yrKey
- Earnings: 5x points on flights, hotels, car rentals via their travel portal. 2x points on all other travel expenses.
- Hotel Credit: $50 annual hotel credit via portal, essentially reducing the annual fee to $45.
- Benefits: No authorized user fee and 10% anniversary bonus on rewards points.
- Point Redemption Value: 1.25 cents per point.
- Welcome Bonus: Earn 75,000 points after spending $4,000 within the first 3 months of opening the account, which is worth over $900 when redeemed for travel through Chase.
Chase Sapphire Reserve:
- Annual Fee: $550/yrKey
- Earnings: 5x points on flights, 10x points on hotels and car rentals via portal. 3x points on all other travel expenses.
- Travel Credit: $300 annual travel credit, essentially reducing the annual fee to $250.
- Benefits: Priority Pass Lounge Access ($469+ value), also 2 free guest visits every time. Up to $100 Global Entry/TSA PreCheck credit every 4 years.
- Point Redemption Value: 1.5 cents per point.
- Welcome Bonus: Earn 75,000 points after spending $4,000 within the first 3 months of opening the account, which is worth $1,125 when redeemed for travel through Chase.
Which Card Should You Choose?
The Sapphire Preferred would be better suited for those that are new to travel credit cards. The lower annual fee and competitive points make it a strong contender, without the commitment of a high annual fee.
The Sapphire Reserve is better suited if you take full advantage of the higher point redemption value and travel benefits. Priority Pass alone is $469/yr and your first $300 in travel are credited back to you... well worth it if you travel!
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This video may contain links through which I am compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. The content on this page is accurate as of the posting date and some of the offers mentioned may have expired.
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Disclaimer: This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.