re: Opening new personal credit card for rewards purposes. Which one’s right for me?

I believe the Chase Saphirre preferred just announced a higher sign up bonus so your timing is pretty good.

I had the reserve and currently have the preferred. I have a AmEx platinum and gave up the reserve as I couldn’t justify keeping both at the time. What is nice about the reserve is the $300 travel credit. When the fee was $450, just that alone helped pay for the card. It’s a little harder at $550.

As someone pointed out, the Hyatt points transfer is one of the best uses for points. You get that with either the preferred or reserve. The reserve does give you a better discount when using the points to pay for travel through the chase portal.