Best Chase Credit Card Offers for Travelers

You've got to pay more to get more when it comes to Chase's points-earning travel cards.
Aug 30, 2022

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Are you looking for the best Chase credit card offer? Chase has a variety of different credit cards for travelers, including many co-branded options. However, there are just two consumer cards that earn Chase Ultimate Rewards®, a transferable point currency you can use to purchase travel, gift cards or get cash back.

Let’s take a look at the Chase Sapphire Reserve® Card and the Chase Sapphire Preferred® Card, including each card’s welcome offers, unique benefits and annual fees.

Chase Sapphire Reserve® Card vs. Chase Sapphire Preferred® Card

Card feature

Chase Sapphire Preferred® Card

Chase Sapphire Reserve®

Annual fee

$95.

$550 plus $75 for each authorized user.

Earning rate on travel purchases.

5x total points on travel purchased through the Chase Ultimate Rewards® travel portal. 2x on other travel purchases.

10x total points on hotels and car rentals and 5x points on flights through the Chase Ultimate Rewards® travel portal. 3x on other travel purchases.

Earning rate on dining

3x points.

10x total points on Chase Dining purchases through Chase Ultimate Rewards® and 3x points on all other dining.

Other bonus categories

3x points on online grocery purchases and select streaming services. 5x total points on Lyft rides through March 31, 2025.

10x total points on Lyft rides through March 31, 2025.

Anniversary point bonus

10% of your total purchases in the previous year.

N/A.

Point redemption rate through Ultimate Rewards® portal and Pay Yourself Back

1.25 cents per point.

1.5 cents per point.

Travel credits

$50 in statement credits toward hotel stays purchased through Chase Ultimate Rewards®.

$300 annual travel credit.

Other travel perks

N/A.

Priority Pass Select. Global Entry, TSA PreCheck or NEXUS application statement credit every four years. Access to Luxury Hotel & Resort Collection.

Travel insurance

Yes.

Yes.

Foreign transaction fees

None.

None.

Other perks

Complimentary DashPass for at least one year through Dec. 31, 2024. $10 monthly Gopuff statement credit through Dec. 31, 2023.

Complimentary DashPass for at least one year through Dec. 31, 2024. $10 monthly Gopuff statement credit through Dec. 31, 2023.

As you can see, the earning rate and benefits that these cards offer vary significantly. Let’s compare in detail the similarities and differences between these two cards.

Comparing the two Chase Sapphire credit cards

Welcome bonus

The Chase Sapphire Reserve® card is currently featuring the following welcome offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

The Chase Sapphire Preferred® Card, meanwhile, offers the following: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.

Currently, the two cards have the same welcome bonus. However, Chase periodically offers even higher welcome bonuses — keep an eye out for these, as they’re typically valid for a limited time only.

Annual fee

The difference in annual fee between these two cards is significant. As Chase’s most expensive card, you’ll pay $550 per year for the Chase Sapphire Reserve®.

You will, however, receive a $300 travel credit each year on a wide variety of travel purchases. This drops your net out of pocket cost to $250.

The Chase Sapphire Preferred® Card is much less expensive; you’ll pay just $95 in annual fees for the card. It also comes with a $50 annual hotel credit if you book through the Chase travel portal, making your net cost just $45.

Redeeming Chase points

Both of these cards earn Chase Ultimate Rewards® that can be redeemed in a variety of ways. If you’re looking to transfer your points to one of Chase’s hotel or airline partners, you’ll always receive a 1:1 transfer ratio. This means that one Chase point becomes one hotel or airline point.

However, the value of your Chase point changes when you choose to redeem them for travel within the portal or when you use them to Pay Yourself Back.

If you hold the Chase Sapphire Reserve® card, your points are worth 50% more, at 1.5 cents each. However, those with the Chase Sapphire Preferred® Card will only be able to redeem their points for a value of 1.25 cents each, or 25% more.

Perks that are the same

No foreign transaction fees.

Neither of these cards will charge you for using them overseas.

Travel insurance.

Both of these cards offer several different kinds of travel insurance, including primary rental car insurance.

Benefits unique to the Chase Sapphire Reserve® Card

If you’re looking for a high-end travel credit card, the Chase Sapphire Reserve® comes with plenty of perks to improve your travel experience.

$300 travel credit

One of the most generous travel credits offered by high-end cards, this comes in the form of a statement credit. In order to redeem it, you’ll simply need to charge eligible travel purchases to your card; you’ll then be reimbursed up to $300.

Priority Pass Select membership

Priority Pass is a collection of more than 1,300 airport experiences, including lounges, restaurants and even massages. Those who hold the Chase Sapphire Reserve® can take advantage of a membership that also provides access for two guests.

Luxury Hotel & Resort Collection

The Luxury Hotel & Resort Collection offers cardholders elite-like benefits at a variety of high-end hotels. Perks you can expect include late check out, property credits and room upgrades.

Global Entry/TSA PreCheck/Nexus credit

Like many credit cards, the Chase Sapphire Reserve® comes with a credit towards Global Entry or TSA PreCheck membership. In this case, you could also opt to use the credit for Nexus application fees, which can help speed your crossings to and from Canada.

Benefits unique to the Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card comes with just one perk that is wholly unique: a $50 annual hotel credit. This benefit applies to accommodations booked through the Chase travel portal.

What are Chase’s hotel and airline transfer partners?

Chase has a total of 14 hotel and airline partners to which you can transfer points:

Airlines

  • Aer Lingus (1:1 ratio).

  • Air Canada (1:1 ratio).

  • Air France-KLM (1:1 ratio).

  • British Airways (1:1 ratio).

  • Emirates (1:1 ratio).

  • Iberia (1:1 ratio).

  • JetBlue (1:1 ratio).

  • Singapore (1:1 ratio).

  • Southwest (1:1 ratio).

  • United (1:1 ratio).

  • Virgin Atlantic (1:1 ratio).

Hotels

  • Hyatt (1:1 ratio).

  • InterContinental Hotels Group (1:1 ratio).

  • Marriott (1:1 ratio).

As we mentioned above, all of these partners transfer points at a 1:1 ratio.

If you want the best Chase credit card offer

Although Chase offers a variety of credit cards, just two consumer cards earn Chase Ultimate Rewards® points. One of these options, the Chase Sapphire Reserve®, charges a high annual fee in exchange for top-tier benefits like airport lounge access, an annual travel credit and access to the Luxury Hotel & Resort Collection.

The other, the Chase Sapphire Preferred® Card, comes at a more modest cost with equally modest benefits. While your earnings will still be strong, there is just one additional perk available to cardholders: a $50 annual hotel credit.

While both cards are excellent options for those looking to earn Chase Ultimate Rewards®, the card that’s right for you will depend on your own personal travel needs.


How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

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