Chase Sapphire Preferred Card Review

Overview

Chase Sapphire Preferred Card is a premier travel credit card designed to deliver exceptional experiences. Upon meeting specified spending requirements, you can earn an enticing bonus of up to $1,050 in Chase Travel^℠ value, including 60,000 points and up to $300 in statement credits on Chase Travel purchases. Notably, you can accumulate up to 5 points per dollar spent on travel and 3 points per dollar on dining purchases. Setting itself apart, this card allows for a 1:1 transfer of points to a selection of renowned frequent flyer programs or hotel loyalty programs.

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Chase Sapphire Preferred^® Card

• Get up to $1,050 in Chase Travel^℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
• Enjoy benefits such as 5x on travel purchased through Chase Travel^℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel^℠. For example, 60,000 points are worth $750 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Member FDIC

Intro APR

N/A

Intro APR Period

N/A

Annual Fee

$95

Credit Needed

Good to Excellent

Card Benefits

Sign-up Bonus

Chase Sapphire Preferred Card is currently running a limited time offer to give out a bonus of up to $1,050 in Chase Travel value. If you spend at least $4,000 in purchases within your first 3 months of becoming a card member, you will receive a bonus of 60,000 points, which can be redeemed for cash rewards of $600. If you redeem for travel rewards through Chase Travel, you can redeem for $750. Redemption for travel gives you 25% more in value than redemption for cash rewards. Plus, you can get up to $300 in statement credits on Chase Travel purchases within your first year, which adds up the bonus to a total value of $1,050. In addition, you can also receive a $50 Chase Travel Hotel Credit annually to pay towards hotel expenses.

Earn Rewards

For every dollar you spend, you will earn 5 points on travel purchased through Chase Travel, 3 points on dining, 3 points on online grocery purchases (excluding Walmart, Target, and wholesale clubs), 3 points on select streaming services, 2 points on all other travel purchases, and 1 point on all other purchases. Points can be redeemed for cash rewards, gift cards, or travel. When you use points to redeem for cash, each point is worth 1 cent, which means that 100 points equals $1 in redemption value. Each point you redeem for travel booked through Chase Travel is worth 1.25 cents, which means that 100 points equals $1.25 in redemption value.

Your points don’t expire as long as your account remains open, however, you will immediately lose all your points if your account status changes, or your account is closed for program misuse, fraudulent activities, failure to pay, bankruptcy.

1:1 Point Transfer to Leading Frequent Travel Programs

Chase Sapphire Preferred Card allows you to transfer points to leading frequent travel programs at a full 1:1 value with no transfer fees. Frequent travel programs include popular travel loyalty programs of the following airlines and hotels:

Additional Travel Benefits

On top of all the nice features, Chase Sapphire Preferred Card does not charge foreign transaction fees. Most other credit cards charge 3% foreign transaction fees, which costs you extra $30 for each $1,000 you spend while traveling abroad. With no foreign transaction fees, Chase Sapphire Preferred Card is one of the best travel cards to use when you visit overseas for business trips or personal vacations.

Additional Information

Fees

There is an annual fee of $95. With all the travel benefits and a generous bonus, frequent travelers can easily earn enough rewards to offset the cost of annual fee.

Required Credit Rating

The Chase Sapphire Preferred Card is for people with good or excellent credit rating. If you have a credit score of 700 or more, you may be eligible for the credit card.

Is this the right card for you?

If you value rewards and like travel benefits such as 1-to-1 point transfer to travel loyalty programs, the Chase Sapphire Preferred Card is the right card for you. It is a travel credit card with no foreign transaction fees. It offers solid rewards on travel and dining purchases.

This credit card has a low annual fee of $95, but it offers rich bonus points for new card members, which can offset more than a few years of annual fee. In addition, its generous rewards and valuable travel perks make it a useful credit card for travelers.

Similar Credit Cards

If you are interested in the Chase Sapphire Preferred Card, you may also consider a few other travel credit cards with similar benefits.

Rewards Credit Cards

Credit Card		Bonus and Rewards	Annual Fee
	Citi Strata Premier℠ Card	70,000 bonus ThankYou Points after spending $4,000 in the first 3 months of account opening, redeemable for $700 in gift cards or travel rewards at thankyou.com 3 points per $1 on Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas and EV Charging Stations. 1 Point per $1 spent on all other purchases	$95 rates & fees
	Wells Fargo Autograph℠ Card	20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value. Unlimited 3X points on the things that really add up - like restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Plus, earn 1X points on other purchases.	$0 rates & fees
	Wells Fargo Active Cash® Card	$200 cash rewards bonus after spending $500 in purchases in the first 3 months. Unlimited 2% cash rewards on purchases.	$0 rates & fees
	Citi Custom Cash® Card	$200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou Points, which can be redeemed for $200 cash back. 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases. Special Travel Offer: Earn an additional 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2026.	$0 rates & fees
	Chase Freedom Unlimited®	Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! Enjoy 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.	$0
	Citi Rewards+® Card	20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com 2X ThankYou Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou Points on All Other Purchases.	$0 rates & fees