Chase Sapphire Reserve VS Preferred

Is Chase Sapphire Reserve Better than Preferred?

Are you making a Chase Sapphire Reserve vs Preferred comparison? Having the best flight booking experience is what everyone is craving for.

Is Chase Sapphire Reserve Better than Preferred?

Chase Bank is one financial service provider that has satisfied clients with a speedy transaction process.

What has been confusing most clients is that they have two good services to choose from: the Sapphire Reserve and the Sapphire Preserved.

Here, we will analyze both services to determine which will meet your booking needs the most.

Chase Sapphire Reserve VS Preferred?

Both Pursue Sapphire Reserve and Pursue Sapphire Preferred Card are well-known travel rewards cards from Chase, yet they take special care of various ways of managing money and travel styles.

We should dive into their vital highlights to assist you with concluding which card is better for you.

1. Earning Rewards

Let us compare their reward structure:

I). Chase Sapphire Reserve: Procures 3x focuses on movement and feasting and an incredible 10x focuses on lodgings and vehicle rentals booked through Chase Extreme Rewards (after the yearly $300 travel credit is used).

II). Chase Sapphire Preferred: Procures 2x focuses on movement and feasting, and 3x focuses on internet-based food, select real-time features, and other travel buys.

Best Option

Pursue Sapphire Save for its prevalent focuses acquired on movement, particularly inns and vehicle rentals booked through the Pursuit travel entryway.

Be that as it may, Favored offers more extensive extra classes for regular spending.

2. Redemption Options

Both cards offer almost the same redemption options:

  • Travel booked through Chase Ultimate Rewards (highest redemption value: 1.5 cents per point for Reserve, 1.25 cents per point for Preferred).
  • Transfer points to travel partners (like airlines and hotels) at a 1:1 ratio.
  • Cash back at a lower rate.

3. Annual Fee

Chase Sapphire Reserve has an annual fee of $550 while that of Chase Sapphire Preferred is $95.

Best Option

Chase Sapphire Preferred with a significantly lower annual fee.

4. Travel Benefits

Now let us compare their travel benefits:

I). Chase Sapphire Reserve: Includes Priority Pass Select membership for airport lounge access, Global Entry or TSA PreCheck application fee credit ($100 every four years), trip cancellation/delay insurance, and more.

II). Chase Sapphire Preferred: Offers trip cancellation/delay insurance and primary auto rental insurance, but no airport lounge access or Global Entry/TSA PreCheck credit.

Best Option

Chase Sapphire Reserve offers extensive travel benefits, especially valuable for frequent travelers who use airport lounges.

Other Factors

  • Sign-up Bonus: Both cards offer lucrative sign-up bonuses, but the Reserve’s bonus is typically higher.
  • Purchase Protections: Both cards provide similar purchase protection benefits.

Choosing the Right Card for Your Booking

Here are some factors to consider when choosing the right card for your booking:

1. Frequent Traveler

If you travel often, especially internationally, and utilize airport lounges, the Chase Sapphire Reserve’s benefits can outweigh the hefty fee.

2. Moderate Traveler/Everyday Rewards

If you travel occasionally and value a broader range of bonus categories for everyday spending, the Chase Sapphire Preferred offers a good balance of rewards and affordability.

3. Budget-Conscious

For those on a tight budget, the significantly lower annual fee of the Preferred card makes it a more economical option, even with slightly lower rewards rates.

Both Chase Sapphire cards are excellent travel reward options. 


Can I Switch from Sapphire Reserve to Preferred?

Yes, you can switch from Chase Sapphire Reserve to Chase Sapphire Preferred.

Suppressing constitutes moving over to a different card within the same issuing bank, whilst most probably keeping that account opened and remaining as your credit history.

Here are some things to consider when deciding to downgrade from CSR to CSP:

1. Reasons for Downgrading

For instance, the ones that have just started their CSP journey, but are looking to gain something the CSR card doesn’t offer them, may look for a downgrade.

A few common reasons that people give for the annual fee reduction of ($550 vs. $95), reducing the number of cards in the portfolio, or shifting the attention to several reward categories that meet the lifestyle or expenditure of a given person.

2. No Hard Impact on Credit Score

Creditors will report the downgraded debt (from CSR to CSP) to the credit bureaus only as an update; therefore, it won’t lead to a decrease in the overall credit score of the consumer.

However, both cards are with the same issuer so your credit status remains the same, it remains consistent and ensures you are always in good books that will not affect your creditworthiness.

3. Keeping Existing Benefits

Therefore, instead of cancellation, downgrading your CSR card has the advantage of availing all history and past points you can use.

Moreover, you will have a CSP card that allows you to combine points earned on all Chase-eligible cards held by you into your single, centralized “account”.

It simply implies that when you require a card to transfer your points, you can pool your points between CSP as well as other Chase cards. 

In this manner, you would be enabled to have suitable redemption in the future.

4. Evaluating Opportunity Costs

Before making a final decision give a thought to choices. Imagine what privileges or amenities you would miss by the lower membership. 

Also, compare the fee differences between the normal and lower membership.

Compare the two drawbacks of CSP with the advantages it offers so that you can conclude that the negative impact does not outweigh the positive one concerning your situation and if it’s actually for your specific needs and goals.

5. Timing Matters

To make the maximum effective resolution, one should time the downgrade smartly. 

Chase usually refunds the annual fee under the balance that remains to be used when one downgrades their card.

This implies that timing the downgrade to be towards the end of the year when a CSR anniversary is going to end enables recovery of all payments made already.

In that respect, also be aware that if you were just approved for a welcome bonus or got a card with Chase for another reason, waiting periods also apply due to Chase’s rules which restrict people’s eligibility for a new card.

6. Contact Customer Service

After you have decided to make the downgrade, you should contact Chase using any of the considered methods, i.e. a phone call, an online chat, or secure message me.

Discuss your application indicating the places where you are worried about the cost of the program or any useful benefits that participants get.

The representatives at Chase customer service should assist you in this process and confirm that all required paperwork is completed, ensuring the proper completion of the request.

7. Confirm Successful Downgrade

You can then proceed with the downgrade by doing a second review of your credit card statements and accounts to ensure that this change was well executed.

These steps should cover the annual fee amount change, review the updated card details, and review the credit card company terms and conditions concerning the frequent spender program.

8. Take Advantage of CSP Benefits

Gear up to employ your recently earned CSP credit card to redesign the card scheme as per a renovated structure.

You can choose the restaurant retail and travel merchant categories to get the extra earnings while enjoying chances like extended warranty protection, purchase protection, and fraud alerts.

However, you need to carefully consider your travel frequency, spending habits, and budget to determine which card aligns best with your financial goals.

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