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Chase Sapphire Preferred® Card

Credit needed
Excellent, Good
APR
15.99% to 22.99%
Annual Fee
$95

Card Summary

Chase Sapphire Preferred Cards is a well-known travel reward card. You can redeem points for a large value and receive bonus travel rewards. After you have spent $4,000 in your first three months of account opening, you will receive a sign-up bonus worth 60,000 points.

This card is great for launching travel rewards and offers $750 when it redeems through Chase Ultimate Rewards. The Chase Sapphire Preferred card is an all-round travel card that offers card benefits like purchase protection and travel insurance.

It also has a low annual fee. The Chase Sapphire Preferred Card may not be for you.

The Chase Sapphire Preferred card is not the right choice if you are looking for a single card that earns good on all your everyday purchases. If you intend to have a balance, the Chase Sapphire Preferred Card isn't a great choice.

Chase Sapphire Reserve and other premium cards that offer greater benefits and rewards are more appealing to serious travelers.

Review of Chase Sapphire Preferred Card: The card is a great choice for those who are looking to get rewards on dining and travel, and don't mind paying an annually fee.

The pros: This bonus is a great introductory offer. Get bonus points on travel or dining orders Chase Ultimate Rewards points can be redeemed for a 25% bonus

Card Summary - Cons

Above-average APR. There is no introductory APR for purchases and balance transfers.

It's great for: Moderate travelers Anyone who wants a sign up bonus. Moderate spenders.

This is not the place for: For frequent travelers. Minimal spenders. Balance carriers.

Rates and fees

Issuer Name
Chase
Penalty APR
Maximum 29.99%
Credit Needed
Excellent, Good
Balance Transfer Fee
The transfer amount must be either $5 or 5%, depending on which is higher.
Annual Fee
$95
Cash Advance Fee
You can choose to pay $10 or 5% depending on the transaction amount.
APR
15.99% to 22.99%
Foreign Transaction Fee
$0
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The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

After you have spent $4,000 in your first three months of account opening, you will earn 60,000 bonus points. Chase Ultimate Rewards will give you $750.

Benefits include a $50 Ultimate Rewards Hotel Credit each year, 5x travel purchase through Chase Ultimate Rewards(r), and 3x dining. All other travel purchases get 2x.Chase Ultimate Rewards offers 25% off on airfares, hotel stays, car rental, and cruises.

Example: 60,000 points can be converted into $750 towards travel. You can redeem your Pay Yourself Back points for statement credit against purchases made in selected, rotating categories with the current Offer.

Unlimited deliveries are possible with Dash Pass. Door Dash's subscription service, Dash Pass.

Get activated by 03/31/22. Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.

Benefits

Comparative Analysis with Other Cards

What is the Chase Sapphire Preferred, Card's comparison to other credit cards?

American Express Blue Cash Preferred card vs. Chase Sapphire Prepaid Card: Which is Better?

Chase Sapphire Reserve and Chase Sapphire Preferred: Which one is better?

American Express Gold Card and Chase Sapphire Preferred Card.

Chase Sapphire Preferred card vs. American Express Blue Cash Preferred Cards

American Express Blue Cash Preferred Cards offer a 0% initial APR for purchases within the first twelve months. After that, you will be charged an APR between 13.99% and 23.99%. This card can be a great choice for those who want everyday rewards, as well as those looking to reduce interest rates for the first year.

Chase Sapphire Preferred Card offers a higher sign-up bonus and allows you to transfer your points to other travel partners. The two cards are almost equal in value but the Chase Sapphire Preferred Card is a great choice if your goal is to have a versatile travel rewards card.

Chase Sapphire Reserve and Chase Sapphire Preferred Card Chase Sapphire Reserve is the best option for travelers who plan to travel a lot. It offers more benefits, such as higher bonuses on travel and better perks on the road.

The Chase Sapphire Preferred Card, however, offers the same sign-up bonus as its counterpart and has decent travel perks. You can also spend your points wherever you like. It may be more appealing if you live closer.

American Express Gold Card and Chase Sapphire Preferred Card American Express Gold Card provides high reward rates for purchases at U.S. grocery stores and restaurants. Cardholders have the option to transfer points to hotel and airline partners. The Chase Sapphire Preferred Card offers the same benefit, but this card allows cardholders to get it for six months instead of three.

Chase Sapphire Preferred Card has great rewards potential in its first year. It also allows you to transfer points to your travel partners for full value. The Chase Sapphire Preferred Card is a great choice if you are looking for a versatile travel reward card.

This card has a lower annual fee than the American Express card, which may be appreciated by some users.

Chase Sapphire Preferred card: How to earn Rewards Chase Sapphire Preferred Card offers solid 3 points per $1 earning rate for dining and 2 points per $1 travel. Lyft rider earns five points per $1 until March 2022. Other purchases earn 1 point per $1 This means that every trip counts towards your next purchase.

Peloton members can earn as much as $60 back through 2021.Restaurant purchases are a great way to earn valuable rewards for your travels, even if you eat out less than you travel. If you want to convert a couple thousand dollars annually in restaurant expenses into a vacation, however, your annual fees will outweigh your rewards value and you won't be able to travel on your dream trip.

What Can You Make?

According to the average spending data of the Federal Bureau of Labor Statistics Chase Sapphire Preferred Card Holders can earn approximately 22,800 points per year. This is $228 in most redemption options and $285 for travel when booking with Chase Ultimate Rewards.

You can increase your earning potential with the card's sign-up bonus of 60,000 points. After you have spent $4,000 in purchases within the 3 month period of account opening, you will need to spend it. Chase Ultimate Rewards, which allows you to redeem it, will give you $750.

Pairing the Chase Sapphire Preferred Card with other Chase cards with no annual fees is a popular way to earn more rewards. These cards offer bonus rewards for more than dining and travel. These cards can be used to transfer points and then you can redeem them at the Chase Sapphire Preferred Card’s higher travel rate.


The Chase Freedom Flex card offers 5% cashback on your first $1,500 in quarterly rotating bonus categories. The Chase Freedom Unlimited also earns 1.5% cashback on purchases made in non-bonus categories. This can be transferred to Chase Sapphire Preferred Card at 1.5 points per $1.

Chase Sapphire Preferred card: How do I redeem rewards Travel hackers love Chase Sapphire Preferred Card's redemption value feature.


This card is a great choice for travel partner bookings with Chase Ultimate Rewards and offers a huge value. Chase Ultimate Rewards rewards are 25% worth more at 1.25 cents per points. This means that redeeming your Rewards is an easy way to increase their value. Chase Ultimate Rewards may not offer the best redemption opportunity for your card, but a Chase travel booking could be a better option. Chase's partners in travel might offer you more value.

See What are my points worth?

To see the value that you could get from some of these partners, visit Although travel bookings made with Chase Sapphire Preferred Card are valuable and flexible, you won't be able to book travel on your own terms with Chase Sapphire Preferred Card points. Even though the options are extensive, you're restricted to the ones available through the portal and with Chase's partners. Some competitors offer miles that you can use to get a statement credit for any travel expense.

Chase Ultimate Rewards bookings may not allow you to connect with your loyalty programs. Your hotel stays might not qualify you for the next level of status. You might also not be eligible to receive any status perks such as an upgrade or free breakfast because you did not book direct.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Do You Need a Chase Sapphire Preferred Credit Card?

If you are: You can earn rewards worth more than $95 per year. Redeem rewards on travel expenses Do not plan on carrying a balance. You can take advantage of international transaction fees-free travel protections. Questions about the Chase Sapphire Preferred Card

Does the Chase Sapphire Preferred Card make sense?

Chase Sapphire Preferred Card offers a great value for consumers. The annual rewards earned outweigh the annual fee, which is based on consumer spending.

What credit scores are required for the Chase Sapphire Preferred Card?

To be approved for the Chase Sapphire Preferred Card, you must have good credit. To be eligible for the Chase Sapphire Preferred Card, you will need to have a minimum FICO score 670.

Does the Chase Sapphire Preferred Card offer a great credit card?

The Chase Sapphire Preferred Card is a great card, but it may not be right for you. When choosing the right credit card, consider your credit rating, your spending habits, card benefits, and costs.

What is the average time it takes to obtain the Chase Sapphire Preferred Card after approval?

It usually takes 7-10 business days for your new Chase Sapphire Preferred card to reach you. Chase might offer an expedited delivery service for your card, which can take one to two days depending on how you request it.

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