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Chase just announced a change to the Chase Sapphire Preferred® credit card. It increased the bonus points from 50,000 to 60,000, bringing the bonus value to $750 in travel when booked through Chase Ultimate Rewards. That increase brings the bonus value in line with the Chase Sapphire Reserve®. And that raises an important question: Is the Chase Sapphire Preferred or the Chase Sapphire Reserve the best option now?
I’ve carried the Chase Sapphire Reserve since its launch. Back in the day it offered 100,000 bonus points worth up to $1,500. Such a hefty bonus wasn’t sustainable, and Chase cut it in half back in early 2017. Now with the 10,000 bonus point increase with the Chase Sapphire Preferred, an argument can be made that it’s the better option.