Who should get the $550 Sapphire Reserve now, and who shouldn't - Business Insider

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The Sapphire Preferred has fewer bells and whistles, but you get plenty of benefits for its lower annual fee

You use rideshare services

Not everyone uses rideshare services like Lyft — and if you're among those who never need to call a ride, some of Sapphire Reserve's new benefits won't mean much to you. cardmembers can get a complimentary year of Lyft Pink membership, which entitles you to 15% off rides, priority airport pickups, and more. You'll also get 10x points on Lyft rides, which is a fantastic return on spending when you consider that Chase points can be worth about 2 cents each.

Lyft Pink membership costs $19.99 per month, so you're looking at about $240 in value for the free year. But if you won't be taking advantage of any of Lift Pink's benefits, the real value is much closer to $0.Another aspect of Lyft Pink membership is that you get up to three 30-minute bike or scooter rides per month, but these are only available in select metropolitan areas.

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