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Two of the best credit cards on the market just got even better.
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If you ask a points and miles fan about what cards they have in their wallet, I can just about guarantee that you’ll hear from everyone that they have the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.
It comes as no surprise that Chase Ultimate Rewards are a favorite point for many people, and for good reason. There are a lot of great ways to redeem Ultimate Rewards. Whether you’re using them for Hyatt Hotels, or to take advantage of the United Excursionist Perk, you’ll find lots of great ways to put Ultimate Rewards to use.
Let’s take a look at the different bonuses and how they stack up.
Chase Sapphire Preferred Bonus
The new sign up bonus for the Chase Sapphire Preferred Card is 80,000 points after you spend $4,000 in the first three months. This is an increase of 20,000 points over the standard bonus of 60,000 points that we usually see.
When advising people who are new to points and miles on what card they should get, the Chase Sapphire Preferred is almost always our first recommendation.
For points and miles novices, or veterans who are below 5/24 and haven’t received a bonus on a card in the Sapphire family in the past 48 months, it will be hard to turn down 80,000 points on the Chase Sapphire Preferred Card.
Chase Sapphire Reserve Bonus
Chase hasn’t left those seeking some of the more premium benefits from the Chase Sapphire Reserve behind either. Now, you can get 60,000 Chase Ultimate Rewards points after spending $4,000 in the first three months.
Compared to the Sapphire Preferred, the Reserve has some premium benefits. Sapphire Reserve card holders will get a $300 travel credit every year they hold the card. This is one of the easiest travel credits to redeem, with fairly limited restrictions.
Additionally, your Ultimate Rewards points associated with the Chase Sapphire Reserve are worth 1.5 cents each when redeemed for travel in the Chase travel portal versus 1.25 cents on the Sapphire Preferred.
There are a lot of reasons to choose the Sapphire Reserve, and getting more bonus points is just icing on the cake.
How These Bonuses Compare
Usually we see higher bonuses on premium cards. After all, many people expect to earn more points if they’re paying a higher annual fee. With Chase, that isn’t the case.
What it comes down to is how you value these bonuses. If you have the Chase Sapphire Reserve, your points are worth 1.5 cents each when you redeem them for travel in the Chase travel portal. With all other Chase cards, including the Chase Sapphire Preferred, the points are worth only 1.25 cents each.
If you use these values to determine the cash value of the bonuses, both the Chase Sapphire Preferred’s bonus still comes out ahead. If you earn 80,000 points worth 1.25 cents each, that’s worth $1,000 in travel. The Sapphire Reserve’s bonus of 60,000 points at 1.5 cents is only worth $900 in travel.
The Chase Sapphire Preferred Card's bonus is worth $1,000 in travel, while the Chase Sapphire Reserve is worth $900.
Which Card is Right For You?
For the vast majority of people, the Chase Sapphire Preferred Card is the clear winner. You get more points, and even at a lower redemption value, the points are worth more when redeemed for travel.
If you’re seeking some of the premium benefits that come with the Chase Sapphire Reserve, you can always product change your Chase Sapphire Preferred to a Sapphire Reserve after one year. For those seeking those benefits immediately, many of them can be found on other cards that will complement the Sapphire Preferred.
For those who’ve had a Chase Sapphire card on your radar for a while, now is a great time to jump on either the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.
If you had to decide between one, I’d recommend the Chase Sapphire Preferred Card. It has a higher overall bonus, whether you look at it in terms of total points earned or the value of those points when redeemed for travel.
While we would greatly appreciate it if you use our links, we have heard that you can get the Chase Sapphire Preferred in branch with the annual fee waived for the first year. So choose which way seems best to fit your needs.
Whichever card you choose, now is a great time to add one of these all time favorite cards to your wallet.
Editors Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.