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Chase Sapphire Preferred vs Chase Sapphire Reserve

Chase Sapphire Reserve edges Chase Sapphire Preferred on year-1 math ($2,499 more value at 1.8¢/pt).

Chase Ultimate

Chase Sapphire Preferred

$95 annual fee

Chase Ultimate

Chase Sapphire Reserve

$795 annual fee

Quick verdict

Chase Sapphire Reserve edges Chase Sapphire Preferred on year-1 math ($2,499 more value at 1.8¢/pt)

Chase Sapphire Preferred: $50 recurring credits + $1,350 welcome bonus − $95 AF = $1,305 net. Chase Sapphire Reserve: $1,899 recurring credits + $2,700 welcome bonus − $795 AF = $3,804 net. These are year-1 numbers (welcome bonus included) at a 1.8¢/pt rewards valuation. The /tools/annual-fee-breakeven calculator runs the year-2-onward math without the bonus.

Side-by-side specs

Chase Sapphire PreferredChase Sapphire Reserve
Annual fee$95$795
Welcome bonus75,000 pts after $5,000 in 3mo150,000 pts after $6,000 in 3mo
Welcome bonus value @ 1.8¢$1,350$2,700
Free-night cert
Recurring credits / year$50$1,899
Year-1 net @ 1.8¢$1,305$3,804

Year-1 net assumes the welcome bonus values at 1.8¢/pt. For year-2-onward math, use the Annual Fee Break-even Calculator.

Chase Sapphire Preferred

2 recurring credits

  • Hotel Credit$50 · Annual
  • Anniversary Points (10% boost on prev-year spend)$0 · Annual

Chase Sapphire Reserve

6 recurring credits

  • The Edit by Chase Travel$250 · Semi-annual
  • Sapphire Exclusive Tables Dining$150 · Semi-annual
  • Priority Pass Select$469 · Annual
  • Travel Credit$300 · Annual
  • Sapphire Lounge access$300 · Annual
  • Global Entry / TSA PreCheck$120 · Every 4 years

Pick Chase Sapphire Preferred if

the AF is meaningfully lower ($95 vs $795).

Pick Chase Sapphire Reserve if

the recurring credits stack is richer ($1,899 vs $50); the welcome bonus pays more at 1.8¢/pt ($2,700 vs $1,350).

Impact-Site-Verification: eb144986-994e-4f9d-9ee6-d74c9854f732