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Credit Card Reviews

Chase Sapphire Preferred® Card: A Top Choice for Moderate Travelers

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A travel rewards credit card can open doors by allowing you to book trips at a discount, fly first class or upgrade hotel rooms at no added cost. For occasional travelers and those who don't want to pay for a premium card, the Chase Sapphire Preferred® Card is one of the best options available.

Chase Sapphire Preferred® Card

Apply

on Chase's website

Recommended FICO® Score
Good - Exceptional

APR

15.99% - 22.99% Variable

Intro APR: N/A

Rewards

2X points on Dining & Travel

2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide.

1X points on All Other Purchases

Intro Bonus: Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®

Annual Fee

$95

Card Details
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
ProsCons
Good rewards on travel and diningModerate annual fee
Flexible redemption optionsOther cards may offer more rewards or benefits
Lucrative intro bonus
Primary rental car coverage
No foreign transaction fees
Chase Customer Service
Card Services
800-432-3117
P.O. Box 15298
Wilmington, DE 19850

Experian Review

The Chase Sapphire Preferred® Card offers a good rewards rate on purchases and flexible redemption options that can benefit anyone looking for a solid travel rewards card.

You can redeem your points for travel through Chase's Ultimate Rewards portal at a rate of 1.25 cents each. Or, transfer your points to partner loyalty programs and book rewards flights or hotel stays. Either option can offer you great value, and you'll be in control to choose whichever works best for your situation.

The card also comes with primary coverage on rental vehicles, which is a rare benefit even among much more expensive premium cards. And the $95 annual fee is in line with what you'll pay for other midrange travel rewards cards.

Bonus Rewards on Dining and Travel

Using the Chase Sapphire Preferred® Card, you'll earn 2 Ultimate Rewards points per dollar spent on dining and travel, and 1 point on everything else. It's a good rewards rate that's in line with other cards that have an annual fee of about $100.

The value of your points depends on how you choose to redeem them, and the card doesn't fall flat here. You have many redemption options, although the travel redemption options generally offer the greatest value.

Choose the Best Redemption Option

One of the best features of the Chase Sapphire Preferred® Card, is the flexibility and value you get when redeeming your rewards—especially if you're looking to travel for free.

You can redeem your Chase Ultimate Rewards points for gift cards, experiences or cash back at a rate of 1 cent per point.

But, as a Chase Sapphire Preferred® Card cardholder, your points are worth 1.25 cents each if you use them to book travel (including hotels, airfare, rental cars and cruises) through the Ultimate Rewards portal.

Or, you can transfer your points at a 1-to-1 ratio to one of the partner airline and hotel loyalty programs:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Air France/KLM Flying Blue
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

The value of transferred points depends on the program and the current price for a reward flight or hotel night. Savvy cardholders can often find great deals by comparing airline and hotel reward redemption options before booking travel.

For example, you could use 10,000 Chase Ultimate Rewards points to book a free night at a hotel that costs $125 a night. However, the same room might only require 8,000 points with the hotel's loyalty program. Chase allows you to easily transfer the points to the participating loyalty program and book an award night.

These types of transfer programs aren't unique to Chase, but they're a big benefit if you have Chase Sapphire Preferred® Card Card. Especially if you're looking for a luxurious experience, you might find great deals by transferring your points to an airline's program and then booking an award business or first-class ticket.

A Valuable Intro Bonus for New Cardholders

New Chase Sapphire Preferred® Card cardholders can kickstart their rewards account with the card's valuable intro bonus. You can earn 80,000 Ultimate Rewards points if you use your card to make $4,000 worth of purchases in your first 3 months with the card. The points could be worth $1000 if you use them to book travel through Ultimate Rewards—or potentially more when transferred to travel loyalty programs.

However, read the fine print on the offer to make sure you're eligible for the intro bonus. If you currently have a Sapphire card (either this one or the Chase Sapphire Reserve®), or received an intro bonus from either Sapphire card in the previous 48 months, you won't be eligible for another intro bonus.

A Bevvy of Travel, Shopping and Banking Benefits

When you use your Chase Sapphire Preferred® Card to book travel (or redeem rewards for travel), you could receive a variety of benefits and protections:

  • Delay reimbursement: If your trip is delayed by over 12 hours, you could receive up to $500 per ticket to pay for unreimbursed expenses. These could include meals and lodging for you and your family.
  • Baggage reimbursement: Even if you make it on time, your bags could be lost or left behind. When this happens, you can get up $3,000 per person to pay to replace or repair your bags. The benefit can even cover your family members when you're not on the trip.
  • Cancellation or interruption insurance: Perhaps you need to put off the trip altogether or head home early due to weather, injury, sickness or jury duty. If so, you could get reimbursed up to $20,000 (up to $40,000 per year) to cover unreimbursed expenses.
  • Rental car coverage: Get primary coverage that can pay for damage to and theft of eligible rental cars when you use your card to pay for rentals. Similar coverage can cost more than $13 a day from a rental car agency, and many credit cards only offer secondary coverage, which means you have to use your insurance first.

There are also purchase-related protections that you may find valuable whether or not you're traveling:

  • Purchase protection: Get up to $500 back if an item you purchase is damaged or stolen within 120 days.
  • Extended warranty: Get an extra one-year warranty on products you buy that have an original U.S. manufacturer's warranty of three years or less.

Additionally, you'll be able to manage your account using the Chase mobile app, available for iOS and Android. From the app, you can:

  • Set up and manage payments
  • Review your balance and credit limit
  • See recent purchases
  • Check you rewards balance and redeem rewards
  • Lock and unlock your card
  • Set travel notifications
  • Check your credit score

You can also manage balance, spending, payment and security alerts, such as when a payment is due within 10 days or your balance is above a certain point. You can receive these alerts via email, text and app push notifications.

Additional Info

Purchase APR: 15.99% - 22.99% VariableGrace period: 21 days
Transfer APR: 15.99% - 22.99% VariableAnnual fee: $95
Cash advance APR: 24.99% VariableBalance transfer fee: 5% ($5 minimum)
Minimum interest charge: NoneCash advance fee: 5% ($10 minimum)
Foreign transaction fee: None
Late payment fee: Up to $39
Returned payment fee: Up to $39

Authorized-User Policy

There's no fee to add an authorized user to your Chase Sapphire Preferred® Card. The other person will receive a card that's connected to your account, and any points earned from purchases get deposited into your account. As the primary cardholder, you'll get to choose how and when to redeem the points. However, you'll also be responsible for all the transactions from your card and the authorized user's card.

Is This Card Right for You?

The Chase Sapphire Preferred® Card could be a good fit if you're looking to try out a travel rewards card, especially if you frequently spend money on dining and travel. Plus, the rewards program's flexibility and the 1.25 cents-per-point value when booking travel makes it easy to find good redemption options. However, frequent travelers and big spenders may be better off with a premium rewards card, or a co-branded travel card from their favorite airline or hotel brand.

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