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Freedom Flex vs Sapphire Reserve

Every figure below is from the same dataset Miles computes its recommendations from. Rows the two cards agree on are collapsed at the bottom.

Freedom Flex
Freedom Flex
Chase
Sapphire Reserve
Sapphire Reserve
Chase

Economics

Annual fee
$0
$795/yr less
$795
Ongoing annual value
$482
$1,724
$1,242/yr more
Net value (value − fee)
$482
$929
$447/yr more
First-year value estimate
$292
$1,169
$877/yr more
Foreign transaction fee
3%
None
Authorized user fee
—
$195
Network
Mastercard
Visa

Sign-up Bonus

Current offer
$200 (*awarded as 20,000 points) after spending $500 in the first 3 months
100K points after $6K spend in the first 3 months

Earning

Peloton hardware and accessory purchases (up to 50,000 total points)
—
10X15%
Gas stations, public transit, & EV charging (July to September 2026) up to $1.5K total spend per quarter. Requires activation.
5X7.5%
—
Select live entertainment (July to September 2026) up to $1.5K total spend per quarter. Requires activation.
5X7.5%
—
United Way (July to September 2026) up to $1.5K total spend per quarter. Requires activation.
5X7.5%
—
Flights booked directly with airlines
—
4X6%
Hotels booked directly with hotels
—
4X6%
Drugstores
3X4.5%
—
Travel booked through Chase Travel
5X7.5%
8X12%

Percentages are the return on a dollar spent: the multiplier times what Miles values those points at. Categories only one card earns a bonus on are marked for that card; the other earns its base rate.

Benefits

Statement credits
  • DoorDash Grocery/Retail (non-restaurant): $10 (Quarterly)
  • The Edit by Chase Travel: $250 (Semi Annual Calendar Year)
  • Travel: $300 (Annual Cardmember Year)
  • OpenTable Exclusive Tables Dining: $150 (Semi Annual Calendar Year)
  • StubHub and viagogo: $150 (Semi Annual Calendar Year)
  • Global Entry/TSA PreCheck: $120 (Every 4 Years)
  • Lyft: $10 (Monthly)
  • Peloton: $10 (Monthly)
  • DoorDash: $5 (Monthly)
  • DoorDash Grocery/Retail (non-restaurant): $10 (Monthly)
  • DoorDash Grocery/Retail (non-restaurant): $10 (Monthly)
  • Chase Travel Hotel (2026): $250 (Annual Calendar Year)
Lounge access
—
  • Priority Pass Select (unlimited)
  • Chase Sapphire Lounge (unlimited)
  • Air Canada Maple Leaf Lounge (unlimited)
Elite status
—
  • Marriott Bonvoy Gold
  • IHG One Rewards Platinum
  • IHG One Rewards Diamond
  • World of Hyatt Explorist
  • Southwest Rapid Rewards A-List
  • National Emerald Club Executive
Protections
5
12
The same on both cards (6)
Issuer
Chase
Chase
Rewards currency
Chase Ultimate Rewards
Chase Ultimate Rewards
Card type
Personal
Personal
All other purchases
1X1.5%
1X1.5%
Dining
3X4.5%
3X4.5%
Lyft (through 9/30/2027)
5X7.5%
5X7.5%
Which one is right for you

This page shows the difference. It does not pick: the winner depends on what you spend and what you already hold, and adding these figures up without knowing that would be a guess dressed as a verdict. Ask Miles and it computes the answer against your own wallet.

Ask Miles which to get
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Chase Freedom Flex vs Chase Sapphire Reserve • Miles