Chase Sapphire Preferred vs Chase Sapphire Reserve
At our sample profile ($31,100/yr spend, only “easy” credits counted), the Chase Sapphire Preferred comes to $2,439 in the first year and $939 a year after that; the Chase Sapphire Reserve comes to $2,559 and $559. Annual fees are $95 and $795, against $250 and $2,414 a year in stated credits. Figures from the issuers’ pages, checked October 23, 2026; your spending will change the result.
| Chase Sapphire Preferred® Card | Chase Sapphire Reserve® Card | |
|---|---|---|
| Issuer | Chase | Chase |
| Annual fee | $95 | $795 |
| Welcome bonus | 75,000 points≈ $1,500after $5,000 in 3 months | 100,000 points≈ $2,000after $6,000 in 3 months |
| Rewards currency | Chase Ultimate Rewards | Chase Ultimate Rewards |
| Value per point | ~2.0¢ each, median of 7 published valuations | ~2.0¢ each, median of 7 published valuations |
| Earning |
|
|
| Fee vs stated credits | $95 vs $250stated credits a year (face value) · + $300 one-time (yr 1) | $795 vs $2,414stated credits a year (face value) · + $120 one-time (yr 1) |
| Yearly cost after year 1 | $65fee − $30 of “easy” credits (our default) | $465fee − $330 of “easy” credits (our default) |
| Year 2+ value* | $939 each year after the first, after the annual fee | $559 each year after the first, after the annual fee |
| First-year value* | $2,439 | $2,559 |
| Credits & perks |
|
|
| Perks (no $ unless the issuer states one) |
|
|
| Source | Issuer page | Issuer page |
Face value isn’t real value: a credit only saves you money if you’d have spent it anyway. *Year 2+ and first-year values use our sample profile and default credit ticks. Add a third card · How we calculate
Chase Sapphire Preferred vs Chase Sapphire Reserve: quick answers
Which has the bigger welcome bonus, Chase Sapphire Preferred vs Chase Sapphire Reserve?
The Chase Sapphire Reserve has the bigger headline bonus in dollars: 75,000 points (≈$1,500) vs 100,000 points (≈$2,000), at median published point values, checked October 23, 2026.
Which has the lower annual fee?
The Chase Sapphire Preferred: $95 vs $795 a year.
Which costs less after year 1, once credits are counted?
Yearly cost after year 1 (annual fee minus the easy credits we count by default): Chase Sapphire Preferred $65, Chase Sapphire Reserve $465. Tick the credits you’d really use on each card page to get your own figure.