Chase Sapphire Reserve® vs. Chase Sapphire Preferred® Card

Two of the most popular travel rewards cards are the Chase Sapphire Reserve® and the  Chase Sapphire Preferred® Card. Both earn Chase Ultimate Rewards and have excellent travel benefits and rewards. You can’t have both, since you can only carry one Sapphire card at a time with Chase. But that’s okay because one is probably a better fit for you than the other. Let’s dive in.

Chase Sapphire Reserve®

Overall Rating
4.9

Welcome Offer
Earn 60,000 bonus points

Rewards Range
1x - 10x

Annual Fee
$550

Regular APR
22.49%-29.49%

0% APR on Purchases
N/A

0% APR on Balance Transfers
N/A

Foreign Transaction Fee
$0

Chase Sapphire Preferred® Card

Overall Rating
4.9

Welcome Offer
Earn 60,000 bonus points

Rewards Range
1x - 5x points

Annual Fee
$95

Regular APR
21.49%-28.49%

0% APR on Purchases
N/A

0% APR on Balance Transfers
N/A

Foreign Transaction Fee
$0

Welcome Offer

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 Travel℠. 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 Travel℠.

The Chase Sapphire Reserve® points are worth 50% more, 1.5 cents each, when you redeem them for travel through Chase Ultimate Rewards®, whereas the Chase Sapphire Preferred® Card points are worth 25% more, 1.25 cents each when redeemed for travel through Chase. Keep in mind that if you transfer the points to Chase partners, both cards are worth the same 1:1 transfer rate.

Rewards

Since the Chase Sapphire Reserve® is a premium travel card, it comes with more rewards. You get 10x points on hotels and car rentals and 5x points on flights when you book through Chase Ultimate Rewards®. You also get a $300 travel credit every year, as well as 10x points on Chase dining and 3x on all other dining.

The Reserve card also comes with airport lounge access and a Global Entry/TSA PreCheck credit.

The Chase Sapphire Preferred® Card gets you a $50 hotel credit and 5x points on travel booked through Chase. You get 3x points on grocery purchases and 3x points on select streaming services, which the Reserve does not offer. It also gets you a 10% anniversary point boost. So, if you spent $10,000 during the year, you can get 1,000 anniversary bonus points.

Here are the details for each card.

Chase Sapphire Reserve®

Rewards:

1x points
On all other eligible purchases
Earn 1 point per dollar on all other eligible purchases.
3x points
Dining
Earn 3x points on other travel and dining.
5x points
Travel
Earn 5x points on flights when you purchase travel through Chase Travel(SM) immediately after the first $300 is spent on travel purchases annually.
10x points
Travel
10x on hotels and car rentals when you purchase travel through Chase Travel(SM) immediately after the first $300 is spent on travel purchases annually.

Chase Sapphire Preferred® Card

Rewards:

1x points
On all other eligible purchases
1x points on all other purchases
2x points
Travel
2x points on all other travel purchases
3x points
U.S. supermarkets
Earn 3x points on online groceries (excluding Target, Walmart and wholesale clubs)
3x points
Streaming services
Earn 3x points on select streaming services
3x points
Dining
3x points on dining
5x points
Travel
5x points on travel purchased through Chase Travel(SM)

Rates and Fees

The biggest difference between these cards is that the Chase Sapphire Preferred® Card has an annual fee of $95, whereas the Chase Sapphire Reserve® has an annual fee of $550. Neither card has foreign transaction fees, and neither card is currently offering a 0% introductory APR rate.

Obviously, this is a significant difference, equal to about $455. However, if you apply the $300 travel credit that you get with the Reserve card, this makes the annual fee a much easier to swallow $250. That’s a difference of only $155.

Who the Chase Sapphire Reserve® is Best For

For people who travel at least three or four times a year and want airport lounge access, the Chase Sapphire Reserve® can be a terrific card. Your Chase Ultimate Reward® points are worth more when you redeem through Chase, plus you get 10x points on hotel and car rentals and 5x points on flights. If you redeem your points through Chase, that plus the $300 travel credit could make this card a great fit for the right person.

Another premium travel card to consider that doesn’t have quite as high an annual fee is the Capital One Venture X Rewards Credit Card. It also offers a $300 travel credit and TSA PreCheck credit, plus 10,000 anniversary bonus miles.

Who the Chase Sapphire Preferred® Card is Best For

Chase Sapphire Preferred® Card is a fantastic card for most people. If you travel just a few times a year, don’t care about airport lounge access, and want to earn rewards on everyday purchases like groceries, this is one of the best travel cards out there. Not only that, but you can get a 10% anniversary point boost, which you can apply to travel, statement credits, gift cards, or cash. The annual fee is reasonable and there is no cost to add authorized users to your card. If you’re an occasional traveler, you can’t go wrong with the Chase Sapphire Preferred® Card.

Does It Make Sense to Get Both Cards?

Chase won’t let you hold more than one Sapphire branded card at once. So you really can’t have both cards. For most people, the Chase Sapphire Preferred® Card is a bigger bang for your buck. But frequent travelers may appreciate the perks of the Chase Sapphire Reserve®.

Approval Odds

The credit score data listed below comes from publicly available information in a number of forums. The accuracy of the information cannot be verified. Keep in mind that credit card issuers consider more than an applicant’s credit score and that underwriting standards change over time.

Chase Sapphire Reserve®

App StatusDateCredit ScoreBureauCredit Limit
Approved04/08/2023
720
Not Provided
$10,000
Approved05/08/2023
830
Experian
$27,000
Approved02/06/2023
677
Experian
$10,700
Approved04/19/2023
806
Experian
$18,600
Approved04/19/2023
810
Equifax
$18,600
Approved04/19/2023
823
TransUnion
$18,600
Approved08/03/2023
700
TransUnion
$15,000
Approved09/30/2023
698
Experian
$25,500
Approved09/30/2023
730
TransUnion
$25,500
Approved09/30/2023
733
Equifax
$25,500
Approved09/30/2023
766
Equifax
$25,500
Approved12/14/2023
750
Experian
$10,000
Approved03/22/2023
719
Equifax
$21,700
Approved03/22/2023
752
TransUnion
$21,700
Approved03/22/2023
789
Experian
$21,700
Approved01/07/2023
821
Experian
$25,000
Approved01/07/2023
828
TransUnion
$25,000
Approved01/07/2023
838
Equifax
$25,000
Approved10/23/2023
751
Experian
$10,000
Approved10/23/2023
785
TransUnion
$10,000
Denied10/19/2023
749
TransUnion
---
Denied10/19/2023
765
Experian
---

Chase Sapphire Preferred® Card

App StatusDateCredit ScoreBureauCredit Limit
Approved08/03/2023
872
Not Provided
$19,500
Approved04/19/2023
737
Equifax
$16,000
Approved04/19/2023
747
Experian
$16,000
Approved04/19/2023
747
TransUnion
$16,000
Approved11/11/2023
800
Not Provided
$16,800
Approved04/18/2023
790
Experian
$17,300
Approved05/21/2023
703
Experian
$17,300
Approved04/04/2023
735
Equifax
$17,300
Approved04/04/2023
825
Experian
$17,300
Approved07/06/2023
735
Experian
$5,000
Approved07/06/2023
745
Equifax
$5,000
Approved07/06/2023
755
TransUnion
$5,000
Approved05/02/2024
797
Experian
$22,500
Approved05/02/2024
848
TransUnion
$22,500
Approved10/19/2023
720
Not Provided
$19,500
Approved03/04/2024
590
Not Provided
$5,000
Approved06/14/2023
759
Experian
$6,000
Approved04/06/2023
897
Not Provided
$23,800
Approved04/14/2023
765
Experian
$7,200
Approved04/14/2023
777
Equifax
$7,200
Approved04/14/2023
777
TransUnion
$7,200
Approved10/23/2023
745
TransUnion
$5,000
Approved10/03/2023
761
Equifax
$18,000
Approved10/03/2023
767
Experian
$18,000
Approved10/03/2023
774
TransUnion
$18,000

Both cards are issued by Chase, so they have very similar approval odds. Since you can’t have both, apply for the card that’s a better fit for you. If you’re torn on which way to go, you may consider starting with the Sapphire Preferred and upgrading to the Reserve later.