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Our take: The Chase Sapphire Preferred® Card includes a generous welcome bonus, bonus value on travel redemptions, and a variety of transfer partners. If you’re searching for luxury travel benefits, the card may leave you wanting more.
Chase Sapphire Preferred® Card Intro Bonus
60,000 bonus points after spending $4,000 in purchases within the first three months after account opening.
Annual fee: $95.
Regular APR ranges from 21.49% to 28.49%, with variable rewards.
Rewards Rates:
Chase Ultimate Rewards® offers 5x points for travel expenditures, excluding hotel purchases eligible for the $50 Annual Ultimate Rewards Hotel Credit.
3x points for dining at restaurants, including takeout and qualified delivery services.
Earn 2x points for travel expenditures not booked through Chase.
1x points for other purchases.
Earn 5x points on Lyft rides until March 31, 2025. This is in addition to the 2x points earned for travel.
Chase Sapphire Preferred: Overview
Card types: travel rewards, hotel, airline.
Despite its low annual fee, the Chase Sapphire Preferred® Card provides exceptional value, particularly for savvy rewards lovers. The card offers 60,000 bonus points after spending $4,000 on purchases within the first three months after account setup. When redeemed with Chase Ultimate Rewards, this incentive is worth $750 in travel.
It also provides numerous possibilities to earn extra points on a variety of daily expenditure categories, including restaurants, online grocery purchases, streaming services, and travel. When you’re ready to redeem your rewards, Chase offers 25% more value on travel redemptions, but you may also transfer your points to one of several airline and hotel loyalty programs. You can also get good value for cash redemptions, which is not the case with many travel credit cards.
While the card does not provide any eye-catching rewards, such as airport lounge access or generous trip credits, it does provide a bevy of valuable perks that can quickly accumulate. Examples include an annual $50 statement credit for hotel stays booked through Chase, free memberships to DoorDash and Instacart, and a number of travel insurance.
Who is the Chase Sapphire Preferred® Card suitable for?
