Cardholders are rewarded with valuable and flexible Chase Ultimate Rewards (UR) points, which can be redeemed for travel, cash, gift cards, and more. You can also use them to pay yourself back for certain expenses, and at an elevated valuation.
Which card makes the most sense for you? That depends on your spending habits, travel habits, and how much you plan to use the card. Let’s dive in to compare and contrast the Sapphire Preferred and Sapphire Reserve cards.
A perk exclusive to the Preferred card is a generous 10% annual point bonus equal to 10% of your total purchases the previous year. If you spent $50,000 on the card, you’d get an extra 5,000 points (on top of the 50,000+ you already earned) the following year.
The Reserve card is a premium card with a premium annual fee of $550. However, with a $300 credit each year for travel booked on the card, I think of it as an effective $250 fee because I’m always going to be spending way, way more than $300 a year on travel.