Which is Better? Chase Sapphire Preferred versus Sapphire Reserve

The Chase Sapphire Preferred and Chase Sapphire Reserve Visa cards are two of the most popular rewards credit cards available, and for good reason.

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?

Chase Sapphire Preferred Overview

The Preferred card is an excellent all-around card with a reasonable annual fee of $95 that will easily pay for itself several times over. For starters, the card currently has a welcome offer of 60,000 UR points (after spending $4,000 in 3 months). That means you’ll have at least 64,000 points that can easily be redeemed for $800.

Additional Preferred Card Perks

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.

– 2 Years of FIRE: Life After an Early Exit From Medicine

Chase Sapphire Reserve Overview

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. I do have to remember to use this card to do it, though. Without that credit, I would not be comfortable paying such a hefty annual fee.

Click Below  for More Details on Both Cards 

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