Chase Sapphire Preferred vs. Reserve (Which Should YOU Get?!)

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Go to my sponsor https://aura.com/markreese to get a 14-day free trial and see if your personal information has been leaked online! 🔐 Then see if the Chase Sapphire Preferred or Reserve is better for you! Click “Show More” to see Ad Disclosure. 💳👇 VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 👀👇 FIND YOUR NEXT BEST CARD! https://markscreditcards.com/cardexplorer 🚨📲 SUBSCRIBE to Credit Card Welcome Offer Notifications! https://markscreditcards.com/welcomeofferalerts 🚨📲SUBSCRIBE to Transfer Partner Bonus Notifications! https://markscreditcards.com/transferbonusalerts 🛍 RAKUTEN - Earn Cash Back! https://markscreditcards.com/rakuten 📲 MAXREWARDS - Manage credit cards & rewards! Get Gold level for free with PROMO CODE = markr https://markscreditcards.com/maxrewards 📊 GET FREE STOCKS FROM WEBULL https://markscreditcards.com/webull 🏦 SOFI CHECKING & SAVINGS – Get $25 FREE (or more w/ direct deposit) https://markscreditcards.com/sofibanking 📊 GET FREE STOCKS FROM MOOMOO https://markscreditcards.com/moomoo 🔐 AURA – Identity Theft Protection & More! Get Your 2-Week Free Trial: https://markscreditcards.com/aura 🥇 CHANNEL MEMBERSHIP - VIP Perks! https://markscreditcards.com/join 🎬 VIDEO - Chase 5/24 Rule Explained https://youtu.be/muJEN8C86JY 🎬 - VIDEO - Chase Sapphire Lounge Tour (How to Get In!) https://youtu.be/PkQ7rSJA6sU WELCOME OFFERS (August 2023) Both the Chase Sapphire Preferred and Chase Sapphire Reserve have identical signup bonuses at the moment. You can earn 60,000 Chase Ultimate Rewards points after spending $4K in the first 3 months. However, the value of these bonuses can be different. With the Chase Sapphire Preferred, those 60K points = $725+ toward travel, but with the Chase Sapphire Reserve the value of 60K points = $900+ toward travel. EARNING POINTS / MILES The Chase Sapphire Preferred earns points in the following ways: - 5X Travel* via portal - 5X Lyft thru 3.31.2025 - 3X Dining incl. takeout & eligible delivery services - 3X Online Grocery (excl. Target, Walmart, Wholesale Clubs) - 3X Select Streaming - 2X Other Travel (non-Chase) - 1X Other Purchases *Excludes purchases that qualify for the $50 Hotel Credit The Chase Sapphire Reserve earns points in the following ways: - 10X Hotels* via portal - 10X Car Rentals* via portal - 10X Lyft thru 3.31.2025 - 10X Chase Dining via portal - 5X Flights* via portal - 3X Travel Worldwide* (non-Chase) - 3X Other Dining incl. takeout & eligible delivery services - 1X Other Purchases *Excludes purchases that qualify for the $300 Travel Credit REDEEMING POINTS / MILES - Redeeming Chase Ultimate Rewards points via Chase Transfer Partners yields an average value of 1.7¢ per point with either card. - Redeeming for travel via the Chase Ultimate Rewards portal gives a flat 1.25¢ per point rate for the Sapphire Preferred and a 1.50¢ per point rate for the Sapphire Reserve. - Redeeming via the Chase Pay Yourself Back feature yields point values of 1.0¢ - 1.25¢ on the Sapphire Preferred and 1.25¢ - 1.50¢ on the Sapphire Reserve. - Cash back redemptions are 1.0¢ per point on both cards. CHASE SAPPHIRE PREFERRED BENEFITS (Main Benefits) - $50 Annual Hotel Credit (via portal) - 10% Anniversary Bonus - Visa Signature Luxury Hotel Collection - Partner Benefits: Lyft, DoorDash, Peloton, Instacard, GoPuff - No Foreign Transaction Fees - $0 Authorized User Fee CHASE SAPPHIRE RESERVE BENEFITS (Main Benefits) - $300 Annual Travel Credit - TSA PreCheck / Global Entry / NEXUS Credit - Airport Lounge Access (Priority Pass Select, Chase Sapphire Lounge by the Club) - Visa Infinite Luxury Hotel Collection - The Luxury Hotel and Resort Collection - Rental Car Benefits / Status: National Emerald Club Executive status and discount, Avis Preferred discount, Audi on demand discount - Reserved by Sapphire - Partner Benefits: Lyft, DoorDash, Peloton, Instacard, GoPuff - No Foreign Transaction Fees - $75 Authorized User Fee The CHASE SAPPHIRE PREFERRED will likely be best for people who want entry-level rewards and benefits and who spend on online grocery (and streaming). The CHASE SAPPHIRE RESERVE will likely be best for people who want higher rewards rates, lounge access, and top-tier insurance protections. NOTE: The Chase 5/24 Rule and the Chase 48 Month Rule apply to both of these credit cards. Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #creditcards #creditcard #travelcreditcards