Chase Sapphire Preferred® vs Citizens Summit Reserve® World Elite Mastercard®
Side-by-side comparison
| Chase Sapphire Preferred® | Citizens Summit Reserve® World Elite Mastercard® | |
|---|---|---|
| Annual fee | $95 | $295 |
| Welcome offer | 75,000 Ultimate Rewards® Points | No current offer |
| Dining | 3x | 3x |
| Groceries | 3x | 3x |
| Gas | 3x | 1.5x |
| Travel | 2x | 1.5x |
| Streaming | 3x | 3x |
| Everything else | 1x | 1.5x |
| Est. yearly rewards* | $545 | $581 |
| Points type | Transfers to airlines & hotels | Cash back only |
| Network | Visa | Mastercard |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified August 2026. See your own numbers in the calculator.
Welcome bonus and value over time
| Over time | Chase Sapphire Preferred® | Citizens Summit Reserve® World Elite Mastercard® |
|---|---|---|
| Welcome bonus | 75,000 Ultimate Rewards® Points | None |
| To earn it | $5,000 in 3 months | None |
| Est. first-year value* | $1,430 | $526 |
| Est. ongoing value / yr* | $680 | $526 |
The Chase Sapphire Preferred® wins on both fronts: it comes out ahead in year one on the welcome offer and stays ahead every year after. Short term or long, it is the stronger pick on the numbers.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent.
Perks, credits, and redemptions
| Perks | Chase Sapphire Preferred® | Citizens Summit Reserve® World Elite Mastercard® |
|---|---|---|
| Lounge access | None | Yes — Priority Pass |
| Annual credits | ~$230/yr (4 credits) | ~$240/yr (3 credits) |
| Points & redemptions | Transferable to airline & hotel partners | Cash back only |
On perks and redemptions, only the Citizens Summit Reserve® World Elite Mastercard® gets you into airport lounges; the Chase Sapphire Preferred® earns transferable points with a higher redemption ceiling, while the other is capped nearer a flat cent. Weigh those against the fee, since credits and lounge access only count if you will actually use them.
Transfer partners and point value
Only the Chase Sapphire Preferred® earns transferable points. Its Chase Ultimate Rewards move to World of Hyatt, United, Air Canada, Southwest, and British Airways Avios, where a point can be worth several cents on a premium-cabin redemption, far above its cash value. The Citizens Summit Reserve® World Elite Mastercard® pays flat cash back, worth about a cent, so its ceiling is nearer a penny per point no matter how you redeem.
The verdict
On a typical year of household spending, the Chase Sapphire Preferred® earns about $545 a year in rewards and the Citizens Summit Reserve® World Elite Mastercard® about $581, valuing every point at a flat 1 cent. The Chase Sapphire Preferred® charges $95, but carries about $230 in annual statement credits that offset it for anyone who uses them. The Citizens Summit Reserve® World Elite Mastercard® charges $295, but carries about $240 in annual statement credits that offset it for anyone who uses them. Counting rewards, fees, and any credits, the Chase Sapphire Preferred® delivers more total value, about $158 a year more for a typical spender, mostly because it earns more where you spend most, on gas and travel. The bigger difference is the ceiling: the Chase Sapphire Preferred® earns points you can move to travel partners for outsized value, while the Citizens Summit Reserve® World Elite Mastercard® pays plain cash back. Favor the Chase Sapphire Preferred® if you will use travel transfers, the Citizens Summit Reserve® World Elite Mastercard® if you want simplicity. On the sign-up bonus, the Chase Sapphire Preferred® 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 Preferred® if your spending leans toward gas, travel. Pick the Citizens Summit Reserve® World Elite Mastercard® if your spending leans toward everything else.