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Approved for the Sapphire Reserve? Don’t Close Your Sapphire Preferred!

If you are one of the fortunate to have recently been approved for the Chase Sapphire Reserve®, there is a good chance you might already have the Chase Sapphire Preferred® Card. In many ways, holding the Sapphire Reserve diminishes the value of the Sapphire Preferred, given that the Sapphire Reserve has similar or better benefits than the Sapphire Preferred in all cases. As such, if you now have the Sapphire Reserve you may be considering a cancellation of the Sapphire Preferred; if you are, don’t!