Chase Freedom Flex℠ vs Chase Sapphire Reserve®
Side-by-side comparison
| Chase Freedom Flex℠ | Chase Sapphire Reserve® | |
|---|---|---|
| Annual fee | No annual fee | $795 |
| Welcome offer | $200 cash bonus | 100,000 Ultimate Rewards® Points |
| Dining | 3x | 3x |
| Groceries | 1x | 1x |
| Gas | 1x | 1x |
| Travel | 1x | 4x |
| Streaming | 1x | 1x |
| Everything else | 1x | 1x |
| Est. yearly rewards* | $361 | $406 |
| Points type | Pools with Chase → transferable | Transfers to airlines & hotels |
| Network | Mastercard | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of household spending, the Chase Freedom Flex℠ earns about $361 a year in rewards and the Chase Sapphire Reserve® about $406, valuing every point at a flat 1 cent. The Chase Freedom Flex℠ has no annual fee, so its rewards are all profit. The Chase Sapphire Reserve® charges $795, but carries about $2,108 in annual statement credits that offset it for anyone who uses them. Counting rewards, fees, and any credits, the Chase Sapphire Reserve® delivers more total value, about $303 a year more for a typical spender, mostly because it earns more where you spend most, on travel. Both earn transferable points rather than flat cash, so the deciding factor is whose transfer partners reach the airlines and hotels you would actually book. On the sign-up bonus, the Chase Sapphire Reserve® currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Chase Sapphire Reserve® if your spending leans toward travel.