Source: The Points Guy
Summary
The author explains why they carry both the Chase Sapphire Reserve and Sapphire Preferred cards, despite their combined $890 annual fee. They use the Sapphire Reserve for big travel purchases, earning 4 points per dollar, and the Sapphire Preferred for everyday spending, earning 2-3 points per dollar. The author also maximizes statement credits, such as the Sapphire Reserve’s $300 travel credit and the Sapphire Preferred’s $100 annual hotel credit.
Our Reading
The escape is carefully planned.
The Chase Sapphire Reserve and Sapphire Preferred cards offer a combination of travel and everyday spending benefits, making them a valuable pair for the right kind of spender. With benefits like airport lounge access, travel credits, and bonus points on everyday purchases, these cards can easily earn their spots in your wallet.
But for those who aren’t willing to maximize their benefits, this combination may not be worth the $890 annual fee.
The cards are designed to work together, with the Sapphire Reserve offering premium travel benefits and the Sapphire Preferred providing bonus points on everyday purchases.
Whether or not this strategy is worth it for you depends on your individual spending habits and priorities.
The author’s strategy is just one example of how to use these cards to your advantage.
