Wed. Apr 21st, 2021

Chase Sapphire Reserve vs Chase Sapphire Preferred Card

If you plan to travel a lot, the Chase Sapphire Reserve offers the most benefits in that category, including larger bonuses for travel expenses and better perks while staying on the road.

However, the Cheez Sapphire Preferred Card offers the same value for its sign-up bonus and still offers decent travel perks and flexibility when you spend your points. Couple that with their very low annual fees, and this may prove more attractive if you stay close to home.

Chase Sapphire Reserve vs American Express Platinum Card

The choice between these two cards comes down to whether you want ways to earn more rewards or offers of more luxury. With Chase Sapphire Reserve, you can earn rewards from travel and grocery shopping that American Express lacks a platinum card, the latter card has elite hotel status and concierge services such as cushion travel benefits.

Chase Sapphire Reserve vs City Prestige Credit Card

These cards tie when it comes to APR and sign-up bonuses, but Chase Sapphire leads the Reserve Rewards flexibility. The City Prestige credit card offer is slightly cheaper with its annual and balance transfer fees, but overall, the Chase Sapphire Reserve has a more diverse mix of benefits.

The cheaper fees of a Citi Prestige credit card may not make enough difference for most users, but the card does offer a few different features such as support for cellphone security and identity theft.

Earning reward

Estimated Annual Prize Value: $ 408
Sign-up Bonus Value: None
First Year Prize Value: $ 1,158

Chez Sapphire Reserve offers three points per dollar on the trip immediately after earning your $ 300 travel credit, $ 10 per dollar on Lyft rides (valid through March 2022), monthly grocery store made from November 1, 2020 Three points on $ 1,000 in purchases. As of April 30, 2021, and three points per dollar on food purchases. All other purchases earn one point per dollar. While that base rate may seem low, depending on how you redeem your rewards, you can squeeze out a lot of value.

Many of the card’s value is stored in travel benefits, but if you don’t travel often, it will be difficult to earn enough rewards each year to compensate for the annual fee.

Based on the US Bureau of Labor Statistics’ average spending figures, Chase Sapphire Reserve card holders can earn an estimated 27,200 points each year. When you book a trip with Chase Ultimate Rewards, or potentially more with Card Transfer Partners, the redemption options are priced at $ 2 402, $ 60 for you.

Expenditure annual cost Indicates income rate per dollar Annual marks earned
Groceries (April 30, 2021 onwards) $ 4,400 One Rs 4,400
food $ 3,400 three Rs 10,200
Apparel & Services $ 1,800 One Rs 1,800
Flights and hotels $ 1,000 three 3,000
The gas $ 2,000 One 2,000
Entertainment $ 3,000 One 3,000
Personal care products and services $ 800 One 800
All other expenses $ 2,000 One 2,000
Total Annual Points Earned Rs 27,200
Total annual value redeemed for travel $ 408

Values ​​for each spending category are based on the average data from the 2017 US Bureau of Labor Statistics Consumer Expenditure Survey. Each category is rounded to the nearest $ 100.

Boost your earnings in the first few months with the card’s 50,000-point sign-up bonus. To earn the bonus, spend $ 4,000 on purchases in the 3 months before opening the account. Once you meet that goal, you will receive $ 750 worth of points if you redeem your points for the journey through the Chase.

A popular strategy for maximizing the rewards you earn with Cheez Sapphire Reserve is pairing it with one of Chase’s no-annual-fee cards, specifically one that receives bonus rewards in categories outside of food and travel Does. Chase allows you to transfer points from other ultimate prize-income cards, which you can redeem at the bonus booking rate of the Chase Sapphire Reserve.

How to redeem rewards

The redemption value makes Chase Ultimate Rewards one of the best rewards programs in the credit card industry. The card offers exceptional value when you use points for book travel through Chase and potentially give more value by using the correct redemption strategy with the transfer partner.

When traveling through Chase Ultimate Rewards, your points are 50% higher. As a result, this redemption option is a mindless one.

But you may be able to identify even more valuable redemption options through Chase’s airline and hotel partners. According to US News Research, A handful of these companions provide an average redemption value of more than 1.5 centimeters per minute:

Chase travel companion Average value of digits or miles
British Airways Executive Club 2.51 cents
Southwest Airlines Rapid Rewards 1.37 cents
United Airlines MileagePlus 1.69 cents
Virgin Atlantic Flying Club 5.29 cents
Hyatt’s world 1.99 cents

However, keep in mind that if you use your rewards to travel through Chase Ultimate Rewards, you are limited to the options available on the platform. While the selection is wide, you may not have as much flexibility as other normal travel cards.

April

The Chez Sapphire Reserve has some impressive features, but APR is not one of them. The card has no introductory 0% APR on purchases or balance transfers, so you’ll be on the hook for interest on any balance you take. Paying your balance in full each month is a good idea to avoid interest rates.

Chase Sapphire Reserves Annual Fee

The $ 550 annual fee of Cheez Sapphire Reserve is not waived the first year and is the card’s biggest drawback.

If you want great travel rewards and a more modest annual fee, consider Chase Sapphire Favorite Card Instead. But if you travel often it costs more than getting more value from the card, the fee can be well spent.

The card does not charge a foreign transaction fee, which is usually 3% of every purchase you make abroad. However, it costs $ 75 per card for authorized users and up to $ 39 per year.

Should you get the chase sapphire reserve card

  • Can get more than $ 550 worth of cards annually
  • Rewards Rewards Only for Travel Booking
  • Do not plan to carry a balance
  • Want to take advantage of premium travel allowances, travel protection and no foreign transaction fees

Question about the Chase Sapphire Reserve

Q: Is the Chase Sapphire Reserve worth it?
A: Chez Sapphire Reserve has a $ 550 annual fee, which is above average. However, its total annual value when redeemed for travel is $ 408, and a $ 300 annual travel credit. The card has value for cardholders who can take advantage of these facilities.

Question: How much is the value of this card?
A: Point value depends on how you redeem them.

Q: What credit score do you need for Chez Sapphire Reserve?
Answer: Chase Sapphire Reserve requires potential cardholders to have an excellent credit score. To qualify you must have a vantagecore of at least 781.

Q: Can you upgrade from the Chase Sapphire Reserve card to the Chase Sapphire Reserve?
A: Yes, it is possible to upgrade your Chase Sapphire’s favorite card to a Chase Sapphire Reserve card. Contact Chase Customer Service to request a renewal.

Q: Does the airport lounge have a Chase Sapphire Reserve?
A: Priority Pass Selection Membership is available to Chase Sapphire Reserve card holders, providing access to more than 1,000 airport lounges.

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