Chase Sapphire PREFERRED vs. RESERVE 2020

There are 2 Chase credit cards that get A LOT of attention when people ask how to travel the world for free. And for a good reason, too! Click "Show More" to see Ad Disclosure. 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull Both of these travel credit cards are phenomenal choices to save money on travel, but one might be a better match for you than the other. In this video, I’m going to compare these 2 metal credit cards so you can save a bunch of money on your next vacation :-) Before we get into the details, let’s first understand what Chase considers to be ‘travel.’ Airlines, hotels, motels, timeshares, car rental agencies, travel agencies, discount travel sites, campgrounds, passenger trains, buses, taxis, limousines, ferries, toll bridges, highways, parking lots, and garages. ^ These are the types of credit card transactions that will ‘trigger’ the travel bonus categories and travel credit mentioned in the video. Here's the link to how Chase categorizes purchases: https://www.chase.com/personal/credit-cards/rewards-category-faq And what are the points worth? Chase Ultimate Rewards points, in general, are worth: 1 point = 2¢ on average when redeemed via the Chase travel portal 1 point = 1.5¢ when redeemed via the Chase travel portal with the Chase Sapphire Reserve 1 point = 1.25¢ when redeemed via the Chase travel portal with the Chase Sapphire Preferred 1 point = 1¢ when redeemed with either the Chase CSP or Chase CSR for cash back ***Now for the comparison*** CHASE SAPPHIRE PREFERRED CREDIT CARD The Chase Sapphire Preferred will earn Ultimate Rewards points at the following rates: - 2X points on Travel - 2X points on Dining - 1X points on Everything Else The current signup bonus as of August 2020 is 60,000 Ultimate Rewards points when you spend $4K in the first 3 months. That bonus would average around $1,200 via Chase’s transfer partners, $750 via the Chase Travel Portal directly, and $600 of cash back. The annual fee on this travel credit card is $95. Here are some of the additional perks of the Chase Sapphire Preferred: - Points are worth 25% more toward travel on the Chase portal - Points transfer 1:1 to Travel Partners* (listed below) - DashPass for 1 year - Lyft: Earn 5X points thru March 2022 - Customer Service: Direct access to a rep - No Foreign Transaction Fees (FTFs) - Insurance coverage** (listed below) *Current Chase Transfer Partners as of August 2020: Aer Lingus, AerClub British Airways Executive Club Emirates Skywards Flying Blue Air France KLM Iberia Plus JetBlue TrueBlue Singapore Airlines KrisFlyer Southwest Airlines Rapid Rewards United MileagePlus Virgin Atlantic Flying Club IHG Rewards Club Marriott Bonvoy World of Hyatt **Current travel insurance offered by the Chase Sapphire Preferred: - Trip cancellation / interruption insurance - Auto rental collision damage waiver - Baggage delay insurance - Trip delay reimbursement - Travel and emergency assistance services **Current purchase insurance offered by the Chase Sapphire Preferred: - Purchase protection - Extended warranty protection Now onto the next card! CHASE SAPPHIRE RESERVE CREDIT CARD The Chase Sapphire Preferred will earn Ultimate Rewards points at the following rates: - 3X points on Travel - 3X points on Dining - 1X points on Everything Else The current signup bonus as of August 2020 is 50,000 Ultimate Rewards points when you spend $4K in the first 3 months. That bonus would average around $1,000 via Chase’s transfer partners, $750 via the Chase Travel Portal directly, and $500 of cash back. The annual fee on this travel credit card is $95. Here are some of the additional perks of the Chase Sapphire Preferred: - Points are worth 50% more toward travel on the Chase portal - Points transfer 1:1 to Travel Partners (same as the CSP) - $300 annual travel credit - $100 credit for TSA Precheck or Global Entry - Airport lounge access via Priority Pass - Access to the Luxury Hotel & Resort Collection - DashPass for 1 year + $120 of statement credits for DoorDash orders - Lyft: Earn 10X points thru March 2022 + Lyft Pink membership for 1 year - Customer Service: Direct access to a rep - No Foreign Transaction Fees (FTFs) - Insurance coverage (similar to CSP, but with some differences) 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 #sapphirepreferred #sapphirereserve