Chase Sapphire VS Chase Sapphire Preferred: Which One is Right for You?

Chase Sapphire is well known as a fantastic rewards credit card, but it’s not the only one out there. In fact, there are two: the regular Chase Sapphire and then an upgraded version called the Chase Sapphire Preferred.

Both of them offer some very solid rewards and are fairly easy to keep track of, so which one is right for you? Read our review to find out!

Below is a review of the key benefits you get from each of the Chase Sapphire credit card offers, compare the perks and apply online now!

4 / 5 stars     

4 / 5 stars     

A Tale of Two Credit Cards: Benefits

All right, so here is where the similarities start. Both of these credit cards are a point rewards style card with no particular specialization: you store up points, you redeem them for stuff, you repeat the cycle. You can redeem these points for everything from cash and gift cards to airline tickets, hotel and car rental tickets and even cruises and merchandise. Both of the cards allow you to do this, although only the Chase Sapphire Preferred lets you also get 20% off your airfare, hotel, car rentals and cruises if you redeem points through their Ultimate Rewards system.

Each card however has a different way of giving you those points. With the Chase Sapphire, you’re looking at the following:

  • 10,000 bonus points if you spend $500 in the first three months of owning the card This is the equivalent of a $100.00 statement.
  • 2 points/$1.00 spent on air tickets and hotel stays
  • 1 point/$1.00 spent on everything else
  •  

    The Sapphire Preferred on the other hand looks like this:

  • 40,000 bonus points if you spend $3,000 in the first three months of owning the card. This equals up to %400 towards travel, etc.
  • 7% Annual Points Dividend on all new points earned on purchases every year. This is one of the highest bonus points system out of all cards of its like
  • 2 points/$1.00 spent on travel and dining
  • 1 point/$1.00 spent everywhere else
  •  

    As you can see, it’s much easier to gather up points with the Sapphire Preferred card than it is for the regular Sapphire card. If speed is the name of your game, then the Preferred is probably the way to go. The Preferred card is also the only one of the two which gives you a 1:1 point transfer with no transfer fees to other programs such as Hyatt Gold Passport and Marriott, meaning that if any of the partner businesses are also places you like to frequent, you can store up your points and move them around as you see fit. Keep in mind however that these transfers are final; you cannot move them back again so be smart about how you do it.

    On top of the reward points, these cards also give you things like a wide range of insurances such as car rental and collision, lost luggage reimbursement and roadside assistance plus things like return and price protections and extended warranties. This all means that shopping becomes just a little safer to do.

    Fees for Using the Chase Sapphire VS Chase Sapphire Preferred

    Another difference between the regular Chase Sapphire and the Sapphire Preferred lies in how much you’ll be spending in order to use them. The Chase Sapphire has no annual fee whatsoever, whereas the Sapphire Preferred has an annual fee of $95.00, though this is waived in the first year of owning your credit card. So long as you use your card regularly, it should pay for itself, but it’s still something to keep in mind.

    Neither card has an introductory APR of any sort and both of them have the same APR on purchases, balance transfers and cash advances. The big difference in price therefore comes in the form of the annual fee; you either have one that is nearly $100.00 a year or you don’t have one at all.

    Both the Chase Sapphire and the Sapphire Preferred are excellent cards; the main differences being in how you get points, whether or not you can transfer them and the annual fee. If you’re looking for a solid rewards card, either one of these will fit the bill quite nicely, so pick your favorite and apply today! Enjoy.

    For a comparison of the costs, benefits and rewards please scroll back to the top of this blog review posting & decide for yourself which is the best Chase Sapphire credit card offer for you and apply online now.

    4 / 5 stars     

    Speak Your Mind

    *