reserve vs preferred

Ink Business Preferred Overview. With more cards cutting trip insurance, premium coverage is harder to come by. AFAR partners with CreditCards.com and may receive a commission from card issuers. Chase Sapphire Reserve Card vs. Amex Gold Card [Detailed Comparison] BY . The sign-up bonus for the Chase Sapphire Preferred® Card is the ability to earn 60,000 points after spending $4,000 in the first 3 months of account opening. Sign-up bonus: Earn 50,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months. Cardholders will also get a free one-year Lyft Pink membership, which includes a 15% discount on all rides and free bike and scooter rentals each month. Crunching the numbers: The Chase Sapphire Preferred and the Chase Sapphire Reserve both require new cardholders to spend $4,000 within three months to earn their bonuses. I still think the Chase Sapphire Preferred is one of the single best overall cards on the market. A final reason to consider the Sapphire Preferred Card over the Sapphire Reserve Card is that it could be easier to be approved for the Preferred. Both cards have received temporary benefits from Chase to help cardholders maximize their cards while travel may not be in everyone’s 2020 plans, and the Chase Sapphire Reserve has understandably gotten higher temporary earning rates as well — 10x on select streaming services (on up to $1,500), 5x at gas stations (on up to $1,500) and 5x on Instacart (up to $3,000) through Sept. 30, 2020. Thanks to Chase’s partnership with DoorDash, Sapphire Preferred cardholders qualify for at least a year of complimentary DashPass membership, which can save them an average of $4 to $5 per order on food deliveries. First things first: You can’t apply for a Chase Sapphire credit card if you already hold any Sapphire card – whether that’s the Preferred, the Reserve or even the now discontinued basic Sapphire card. With the Preferred, there’s no cost to add additional users. So the Preferred’s bonus is worth $1,000 this way, and the Reserve’s bonus is worth $750. A RED VENTURES COMPANY. Preferred vs Reserve: How the Chase Sapphire credit cards stack up David Slotnick. The Chase Sapphire Reserve and the Chase Sapphire Preferred Card are two of the most talked-about travel credit cards, thanks to the valuable Ultimate Rewards program, top-notch benefits and valuable travel protections. Chase recently introduced a new “Pay Yourself Back” feature through its portal where cardmembers can redeem their points in a variety of other categories at the same rate. The Chase Sapphire Preferred can’t compete with the Reserve when it comes to perks such as the annual travel credit and the return on bonus-category spending, but this card still could make more sense for you. While the Chase Sapphire Reserve® offers perks, it has a much higher annual fee — $550, versus the Sapphire Preferred's $95 annual fee. Category Winner: Chase Sapphire Reserve. Both the Preferred and the Reserve offer a great selection of travel insurance benefits but you get better coverage with the Reserve — almost double the coverage amount on some benefits like travel accident insurance and purchase protection. This post contains references to products from one or more of our advertisers. There’s no question that the Chase Sapphire Preferred is an awesome card. How to decide between the Chase Sapphire Preferred’s sign-up bonus and the Chase Sapphire Reserve’s valuable perks. If you’re looking at applying for one or the other right now, it’s important to consider the Chase Sapphire Preferred‘s elevated sign-up bonus. Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. Although they offer some identical benefits, there are a few differences: The Chase Sapphire Reserve is obviously the more premium of the two cards. Luckily, Chase has been pretty good at adapting card benefits to help most people still get value from their Chase Ultimate Rewards cards. The Sapphire Reserve costs $550 per year while the Preferred costs only $95. The Chase Sapphire Preferred Card has long been a TPG favorite. Featured photo John Gribben for The Points Guy. If you decide that you would get more value with the Reserve card’s features, you can always request an upgrade later down the line. Chase Sapphire Preferred has a $95 annual fee.You get 2x points on travel and dining, and 1x on everything else.You get a sign-up bonus of 60,000 points after you spend $4,000 on purchases within the first 90 days. Comparing it to the Chase Sapphire Reserve feels a little unfair, though, because they’re not really in the same league. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Protections: In terms of travel protections, the differences between these two cards probably won’t affect most travelers. Sign-up bonus: Earn 80,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening. With the Chase Sapphire Preferred offering a slightly higher sign-up bonus of 60,000 points after you spend $4,000 in the first three months and travel understandably on the back burner for many cardholders, there are plenty of reasons why it could be the more attractive option for your wallet. Many credit cards now offer Global Entry or TSA PreCheck fee statement credits, including the Capital One Venture Rewards Card, which is offering a historically high bonus of its own, at 100,000 miles (50,000 after spending $3,000 in 3 months, and another 50,000 after spending $20,000 within 12 months). Figuring out whether to get the Chase Sapphire Preferred or Chase Sapphire Reserve usually comes down to which card’s annual fee is more within your budget, and whether you’ll get enough value from the Reserve’s extra benefits to justify paying for it year after year. The Chase Sapphire Reserve is a premium travel card so it is stacked with benefits including annual credits, a 50% boost to point value, superb coverage when it comes to travel and general purchases. I would like to subscribe to The Points Guy newsletters and special email promotions. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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