Chase Sapphire Reserve vs. Sapphire Preferred: Which Card is Best For You? 0

So yes, it’s not exactly a similar comparison, as the Chase Sapphire Reserve Card is $450 per year, while the Chase Sapphire Preferred Card is only $95. However, both cards fit different cardholders best. So, which one are you?

Keep in mind, you can have both cards in your wallet, but according to Chase’s T&C, you can only receive one signup bonus (and both cards offer the exact same sign-up bonus). So, which one you pick is up to the best fit for your lifestyle and spending habits, as well as your preference for card perks. Let’s take a look.

The Main Details: Chase Sapphire Preferred

  • $95 annual fee, waived your first year
  • 2X points on travel and dining
  • 1X points on everything else
  • 50,000 points after you spend $4,000 in the first three months
  • 1.25 point value when transferred to Chase Ultimate Rewards
  • $0 authorized user fee

The Main Details: Chase Sapphire Reserve

  • $450 annual fee (not waived your first year)
  • 3X points on travel and dining
  • 1X points on everything else
  • 50,000 points after you spend $4,000 in the first three months
  • 1.5 point value when transferred to Chase Ultimate Rewards
  • $300 annual travel credit, Global Entry/TSA PreCheck application fee credit
  • Priority Pass Select lounge membership
  • $75 authorized user fee

Insurance/Protection: Chase Sapphire Preferred

  • Primary rental car insurance
  • Roadside assistance, $60 per service call
  • Up to $10,000 of trip cancellation coverage per trip
  • Up to $500 of trip delay insurance per ticket for delays of 12 or more hours or delays that require an overnight stay
  • Up to $100 per day for up to five days of baggage delay insurance
  • Up to $3,000 of lost luggage reimbursement per person
  • $500,000 for travel accident insurance common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit
  • Up to $500 per claim purchase protection (up to $50,000 per account)

Insurance/Protection: Chase Sapphire Reserve

  • Primary rental car insurance with reimbursement of up to $75,000
  • Roadside assistance with coverage of up to $50 per incident, four times per year
  • Up to $10,000 of trip cancellation coverage per trip
  • Up to $500 of trip delay insurance per ticket for delays of 6 or more hours or delays that require an overnight stay
  • Up to $100 per day for up to five days of baggage delay insurance
  • Up to $3,000 of lost luggage reimbursement per person
  • $1,000,000 for travel accident insurance common carrier loss of life benefit; $100,000 for 24-hour loss of life benefit
  • Up to $10,000 per claim purchase protection (up to $50,000 per year)

How do you make your decision?

Still stumped? Here’s how to make your decision between the Chase Sapphire Reserve and Chase Sapphire Preferred.

First of all, how much do you travel? If you take into consideration the Chase Sapphire Reserve‘s $300 travel credit, which can be used on an abundance of travel costs, from flights to parking, it makes up for a good amount of the Chase Sapphire Reserve‘s hefty annual fee. For example, if you use that $300 each and every year and look at it as money you would’ve spent anyway, and this time instead spent on the card’s annual fee, then you’ll really only be paying an extra $150.

This means, you’re paying, out of pocket, $150 for the Chase Sapphire Reserve, compared to the Chase Sapphire Preferred‘s $95 annual fee. When you look at it that way, it’s not a huge difference.

Also, a good thing to take into consideration is how exactly you travel. Do you travel often through airports that have long delays? That extra delay insurance that comes with the Chase Sapphire Reserve could come in handy. Do you often travel for business, or have long layovers? You might really value that Priority Pass Select membership, which also comes with the Chase Sapphire Reserve.

 

Bottom Line

If you’re a serious traveler and really want to get little additional perks, added coverage and more peace of mind, then the Chase Sapphire Reserve is likely a good choice for you.

If you, on the other hand, don’t travel quite as often, but are interested in getting some good benefits when you do, the Chase Sapphire Preferred is probably a better choice.

Leave a Reply

Your email address will not be published. Required fields are marked *