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The Chase Sapphire credit cards are among the best in the travel rewards realm. And now, Chase is offering new limited-time offers on the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®.

Depending on your travel plans, your preferences and your budget, here’s how to decide which offer is better for you.

Chase Sapphire Preferred®

  • $95 Annual Fee
  • $1,320 Editor’s
    Bonus Estimate
  • 60,000 60,000Chase Ultimate Rewards Points
Apply Now

Secure application on issuer’s website

Chase Sapphire Reserve®

  • $550 Annual Fee
  • $1,320 Editor’s
    Bonus Estimate
  • 60,000 60,000Chase Ultimate Rewards Points
Apply Now

Secure application on issuer’s website

Rates & Fees

Sapphire Sign-Up Bonuses

You can earn 60,000 bonus points through the Chase Sapphire credit cards. Here’s what you can expect from each credit card.

Between the two cards, the Sapphire Reserve offers the better bonus. If you use your points to book travel through Chase, they’re worth 50% more, giving you a value of $900 — there are very few cards that have offered more value than that upfront. 

The Sapphire Preferred’s bonus is nothing to sneeze at, though. The 60,000 bonus points are worth $750 in travel because the card offers a 25% value boost on those redemptions.

Chase Sapphire Preferred®

Apply Now

Secure application on issuer’s website

  • Our Rating 5/5 Read the review
  • APR20.24% – 27.24% (Variable)
  • Annual Fee$95
  • 60,000 60,000Chase Ultimate Rewards Points More Info

    Earn 60,000 points after you spend $4,000 within three months of account opening. Dollar Equivalent: $1,320 (60,000 Chase Ultimate Rewards Points * .022 base)

The Chase Sapphire Preferred is at the top of our list of starter travel rewards cards. Between a digestible $95 annual fee, valuable Chase Ultimate Rewards points that can be transferred to over a dozen hotel and airline partners, and easy ways to earn points, this is a top card for rewards beginners and experts alike.

Overview

The Chase Sapphire Preferred actually works like having over a dozen different rewards credit cards. That’s because this credit card allows you to transfer your rewards points into miles with 11 airlines and points with three hotel programs.

Although the Chase Sapphire Preferred might not be ideal for the most frequent travelers and highest spenders, it’s part of a family of Chase cards that has a built-in upgrade path. So when it comes time to take your travel rewards game to the next level, you won’t have to start from scratch with an entirely different credit card and rewards program.

The card has a $95 annual fee, but the $50 annual Ultimate Rewards Hotel Credit effectively reduces that fee to $45. Plus, the credit card allows you to continue earning points through bonus categories and a 10% anniversary points boost. But when it comes time to redeem your rewards for travel, this card really shines. You can take advantage of some really strong transfer partners such as United, Southwest, Singapore Airlines, Virgin Atlantic and Hyatt. Similarly, you can just book any reservation you want through the Chase Ultimate Rewards travel portal.

Pros

  • Points are easily transferable to airlines and hotel partners
  • Accelerated earnings on dining, travel & household purchases
  • Excellent travel and purchase protections
  • No foreign transaction fees

Cons

  • Not ideal for the highest spenders
  • $95 annual fee

The Chase Sapphire Preferred® Card is one of the gold standards for earning travel rewards. This travel credit card helps users earn points quickly with accelerated rewards in everyday spending categories like travel and dining.

Cardholders enjoy perks like a $50 annual hotel credit, 10% anniversary point boost and access to the Ultimate Rewards Travel portal.

New cardmembers can earn 60,000 bonus points after using their credit card to spend $4,000 within three months of account opening. This bonus is worth $750 in travel reservations booked through Chase Ultimate Rewards, but potentially more when transferred to airline and hotel partners. Read our full review of the Chase Sapphire Preferred Card.

Chase Sapphire Reserve®

Apply Now

Secure application on issuer’s website

Rates & Fees
  • Our Rating 4.5/5 Read the review
  • APR21.24% – 28.24% (Variable)
  • Annual Fee$550
  • 60,000 60,000Chase Ultimate Rewards Points More Info

    Earn 60,000 bonus points after using your card to spend $4,000 within three months of account opening. Dollar Equivalent: $1,320 (60,000 Chase Ultimate Rewards Points * .022 base)

The Chase Sapphire Reserve® card is among the best travel credit cards available. Not only does it offer one of the best credit card sign-up bonuses, but the card also comes packed with a number of valuable travel and lifestyle benefits that warrant its premium price tag.

Overview

If you’re looking to elevate your travel experience, look no further than the Chase Sapphire Reserve. When you first get approved, you’ll earn a sign-up bonus of 60,000 points after you spend $4,000 in the first three months — that’s worth at least $900 in travel-related spending booked through Chase Ultimate Rewards® and potentially more if you transfer your rewards to one of Chase’s airline or hotel partners.

Pros

  • An array of premium travel perks including access to Priority Pass lounges
  • Easy-to-use $300 travel credit that helps offset card’s annual fee
  • Generous rewards rates for spending

Cons

  • High annual fee may be a deterrent for some
  • Perks are starting to get stale relative to newer competition

More Details: The Chase Sapphire Reserve® is among the top premium travel cards available. While this credit card comes with a hefty $550 annual fee, the Sapphire Reserve is packed with travel perks that more than make up for the expense.

Right off the bat, the Chase Sapphire Reserve features a $300 annual travel credit. You also get free access to more than 1,300 Priority Pass lounges and restaurant options in airports around the world. Those lounges usually give you free food and drinks, cleaner bathrooms, fast internet and a comfortable place to sit outside of the ruckus of an airport terminal.

New cardholders can also earn a sign-up bonus of 60,000 points after they spend $4,000 during the first three months of account opening. This Chase Sapphire Reserve bonus is worth $900 in travel redemptions when booking through the Chase Ultimate Rewards travel portal — where each point is worth at least 1.5 cents. Read our full Chase Sapphire Reserve review.

And remember, you can redeem your Ultimate Rewards points for much more than travel. The program also allows you to use your rewards to get cash back, buy gift cards, shop online with certain retailers and purchase Apple products — albeit at lower redemption rates than travel. You can also transfer your points to one of Chase’s airline or hotel partners and potentially get even more value.

In both cases, these bonuses match the highest they’ve been in recent memory.

Which Sapphire Card Should You Choose?

It can be difficult to know which card to choose, especially when both have solid offers like this. So it’s important to consider a few things before you make your decision.

Travel Habits

The Chase Sapphire Reserve features a higher annual fee, but over the long haul, it provides a lot more value. In addition to the rewards program, the card also gives you complimentary airport lounge access, a $300 annual travel credit, a fee credit for Global Entry, NEXUS or TSA PreCheck, special rental car privileges with select companies and more. If you travel more than the average person, the Sapphire Reserve can be well worth it.

Budget

The Sapphire Reserve does offer more overall value, but it comes at a steep price. You’ll pay a $550 annual fee for the card, which is much higher than the $95 you’d pay with the Sapphire Preferred. Of course, if you expect to spend at least $300 in travel every year, that annual credit effectively reduces your yearly outlay to $250. So you’d just need to decide if it’s worth paying that much each year for the card’s perks.

Preferences

Even if you travel a lot and can afford a higher annual fee, you may simply prefer to pay less, even if it means you’ll be missing out on certain things. While both cards are excellent for travel hackers who look to maximize the value of their rewards at every turn, the Sapphire Preferred is also a solid choice for folks who are more casual about travel rewards.

A Couple of Things to Note Before You Apply

You’re not eligible for a new sign-up bonus on either Sapphire card if you’ve earned a sign-up bonus on one of them in the last four years. You also can’t have both cards at the same time. So if you’ve had one of the cards in the recent past and canceled it, you may not be eligible for the higher incentive. And if you already have one of the cards in your wallet, you’ll be automatically denied if you submit an application.

BL

Ben Luthi

Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.