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What is the difference between Chase Sapphire Reserve and Chase Sapphire Preferred? Which one is better?
Yes please, that would be great.
Chase Sapphire Reserve has a $550 annual fee, but offers a $300 annual travel credit, lounge access at airports, and a higher earn rate on travel and dining purchases. Chase Sapphire Preferred has a $95 annual fee, offers a lower earn rate on travel and dining purchases, and doesn't come with as many perks as the Reserve. However, the Preferred card is a better choice if you don't intend to utilize the premium benefits or don't travel frequently enough to make up for the higher annual fee of the Reserve.