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Lost in the coverage of the new Chase Sapphire Reserve® and Sapphire Reserve for BusinessSM is that the Chase Sapphire Preferred® Card (See rates and fees) has a new increased initial bonus offer – and retains a key benefit that make it interesting to Reserve cardmembers unhappy with the card’s changes.
- Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
- Both Reserve and Preferred earn 3x on dining. While Reserve is only going to earn 1 point per dollar on travel outside of direct air and hotel bookings that isn’t reserved through Chase’s travel portal, Sapphire Preferred retains 2x on all other travel purchases. That means bonusing things like Airbnb, Vrbo, cruises, Uber, parking and tolls.
- Like Sapphire Reserve, you can transfer points to airline and hotel partners such as United; Hyatt; Southwest; British Airways; Virgin Atlantic; Singapore Airlines; Air France KLM; JetBlue; Aer Lingus; Iberia; Emirates; Marriott.
- And it comes with strong Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. And you can get complimentary DoorDash DashPass for a minimum of one year when you activate by 12/31/27.
With Chase’s new rules it’s possible to hold both a Sapphire Preferred and Reserve at the same time, though you won’t likely be offered the initial bonus if you have an open Sapphire account (or if you have gotten a bonus for the card in the past).
Phew, good news and somewhat of a pleasant surprise. Let’s see how long it stays that way!
If you’re not getting the SUB then just get a bilt card with same bonus structure and no AF
“Sapphire Preferred retains 2x on all other travel purchases.” That’s the ‘news.’
The loss of 3x Travel with the CSR still stings. My current takeaway on comparable cards, Amex Green has 3x Travel, but a $150 AF. Then, there’s BofA Unlimited/Premium/Elite (and other cards with them) also has 2x Travel, and if you have $100K+ (including retirement accounts at Merrill) with the 75% bonus, that can be 3.5x Travel, but it’s cash-out, no transfer partners. Then Capital One (several 2x cards as well, but different transfer partners). Anyone got a better idea?
@L737 & @John — Ya both right! And BILT actually has some of the same transfer partners (Hyatt, United).