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Updated December 19, 2016

Chase Sapphire Preferred Review: Why It's Worth $95

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
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Do you like to travel? Travel credit cards can help you earn flights and hotel stays. Our favorite is the Chase Sapphire Preferred® Card. It has a huge bonus point offer and premium travel benefits. But this card has a $95 annual fee. Read on to see if the Sapphire Preferred is worth it.

Chase Sapphire Preferred
Apply Now

Overall Score

4.3

Rewards

4.5

Fees

3.0

Benefits

5.0

Airline Transfer Partners

4.5
5-point scale (the higher, the better)

Pros and Cons

  • Generous bonus points
  • Flexible travel rewards
  • Travel, purchase and security protection
  • $0 Foreign Transaction Fee
  • Introductory Annual Fee of $0 the first year, then $95
  • No intro APR

Bottom Line

High-earning rewards card for those with excellent credit

Who This Card is Good For

  • Travelers who like to play the airline miles game. In our opinion, the most valuable feature is the ability to transfer points to Ultimate Rewards travel transfer partners. If you don't take advantage of this feature, you're missing out on getting the most value out of Chase Ultimate Rewards.

  • Travelers. Because this is a travel rewards card with an annual fee, it's best for those who travel at least once a year. With no foreign transaction fees, a smart chip, and worldwide VISA acceptance, the Sapphire Preferred card was made for international travelers.

  • Those who like to dine out. Chase Sapphire Preferred gives you 2x points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. So besides traveling, eating out frequently is a way to earn points fast.

Many travel credit cards have one major flaw: they are limited to a single airline or hotel chain.

The one-airline strategy can work for some people, say, if you live in an area where there's not many airlines to choose from, or you have a favorite airline that you always stick with no matter what.

But for the vast majority, this is a mistake. Your needs will change over time. You want flexibility.

With the Chase Sapphire Preferred, you can redeem your rewards for a statement credit, book travel through Chase Ultimate Rewards (with a 20% discount), or transfer them to a participating airline or hotel transfer partner (at a 1:1 ratio).

We'll explain below.

Why We Like It

The Sapphire Preferred wins us over for 5 big reasons.

  1. You can get a big bonus. Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®

    What can you do with 50,000 bonus points? Lots.

    These 50,000 points can be redeemed for $625 value in travel purchases made through the issuer’s website at Chase Ultimate Rewards.

    Imagine what you would do with $625?

    A flight to Las Vegas for two? A weekend hotel stay in New York?

    This is one of the best signup bonus promotions we've seen on CreditDonkey.

    Are you worried that $4,000 is too much to spend in 3 months?

    $4,000 might sound like a lot to spend in 3 months, but remember, the average household spends over $10,000 a year on just food, apparel and entertainment. How much do you spend a month on your current credit card?

    Tip: Here is a helpful guide on how to meet $4,000 minimum spending requirement.

    Plus, you have the opportunity to earn an additional 5,000 points by adding an authorized user (such as your spouse) and making a purchase within the first three months of opening your account.

    But wait. This card is not for everyone. You need excellent credit to qualify.

    To take advantage of this promotion, visit Chase' secure website to apply now.

  2. You get double reward points on both travel and dining: Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.

    That means you get 2 points for each $1 spent on airfare, train tickets, hotel stays and dining at restaurants (including fast food).

    Whether you are traveling for work or picking up dinner for the kids, your Chase rewards points will add up quickly when you use your card for these purchases.

  3. You can get travel discounts. When you redeem your points online at Chase Ultimate Rewards, you’ll receive 20% off travel, including airfare, hotels, car rentals and cruises.

    These savings can add up quickly. According to a 2013 survey, the average vacation for a family of four cost $4,580. A 20% discount on a comparable trip would equal over $900.

    That means each point is worth 1.25 cents when you book travel through Chase Ultimate Rewards. For example, if you book a $500 airfare using Chase Ultimate Rewards, it would only require 40,000 points since you get a 20% discount. This is why the Sapphire Preferred is a popular card for people who like to save money on traveling.

  4. It’s easy to transfer points. Sometimes you can even squeeze more value out of your Chase points by transferring them to a participating frequent travel programs. Points can be transferred with no fees and at a full 1:1 value to airline and hotel transfer partners.

    Participating partners include Southwest Airlines, United Airlines, British Airways, Air France, Korean Air, and Virgin Atlantic. If you frequent any of these airlines, the Sapphire Preferred could help you earn free flights quickly.

    Tip: To learn more about frequent flyer miles, read our beginner's guide to miles. Afterwards, read our guide on the best ways to use Chase points.

  5. You won’t have to worry about a foreign transaction fee: The Sapphire Preferred does not charge the 3% foreign transaction fee that many other credit cards do, making it an excellent selection if you travel abroad frequently.

    For international travelers, you want a rewards card that has no foreign transaction fee, smart chip technology and worldwide acceptance. The Chase Sapphire Preferred card has all 3 features.

    Tip: Having no foreign transaction fee and a smart chip is nice, but it is of little use if the merchant does not accept the card. While American Express and Discover are popular in the United States, that might not be the case where you're going. Chase Sapphire Preferred is a Visa credit card with no foreign transaction fees, smart chip technology, and worldwide acceptance.

Reasons We'd Skip The Card

We can think of 3 reasons why this might not be the best card for you.

  • That annual fee (Introductory Annual Fee of $0 the first year, then $95). Annual fees are common for overly rewarding cards like the Sapphire Preferred, but some cardholders can’t get past that and prefer credit cards with $0 annual fees instead. Fair enough. Do keep in mind the introductory annual fee is $0 for the first year.

    Our suggestion: if you spend at least $190 per week eating out at restaurants (or traveling), then consider the Sapphire Preferred card since you'll get 2x reward points on travel and dining at restaurants.

  • No introductory APR. This card doesn't offer an introductory interest rate, one of the reasons many consumers sign up for new cards.

    Our suggestion: if you are responsible and usually pay off your balance in full each month, then consider the Sapphire Preferred card. Otherwise, if you tend to carry a balance, compare credit cards with low interest rates instead.

  • Fear of rejection. Because the benefits are impressive with this card, the application process is selective. You’ll need excellent credit to qualify.

To learn more about the Chase Sapphire Preferred, including the online application, click here to visit Chase's secure website.

Our Thoughts About Chase Sapphire Preferred

Chase Sapphire Preferred is always at the top of our list for recommended travel rewards cards. We love the huge sign-up bonus, its flexibility, and the potential value you can get out of it. However, you have to do the math.

The rewards structure only gives you 2x points on travel and dining at restaurants (1x on everything else), so you won't be racking up the points fast unless you well... travel and dine out.

But there's that huge 50,000 bonus point offer to consider. If you can spend $4,000 on purchases within the first 3 months from account opening, you can earn 50,000 bonus points. That's worth $625 toward travel when you redeem through Chase Ultimate Rewards, the online Chase portal.

And once you start using Ultimate Rewards, you'll quickly see why we think Ultimate Reward points are worth more than the "miles" offered by many other credit cards.

Why It's a Good Card for Travelers

The Sapphire Preferred card, with many of its rewards geared toward travelers, is like having a mileage and rewards card all-in-one.

  • Redemption: Redeem points through Chase Ultimate Rewards for travel, gift cards, cash back, etc. If you redeem through Chase Ultimate Rewards for travel, you get 20% off airfare, hotels, car rentals, and cruises.

  • Point Transfer: You can also transfer points to participating leading frequent travel programs with no transfer fees and at full 1:1 value.

    Airline transfer partners include Southwest Airlines Rapid Rewards, United Airlines MileagePlus, British Airways Executive Club, Flying Blue AIR FRANCE KLM, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Virgin Atlantic Flying Club.

    Hotel partners include Marriott, Hyatt, IHG, and The Ritz-Carlton.

    Fly American or Delta? While Chase Ultimate Rewards points can be transferred directly into United or Southwest, you cannot transfer Chase Ultimate Rewards points to Delta or American Airlines.

    But what if you still want to fly American or Delta? Here's a smart tactic: Did you know you can use British Airways to book a partner flight on American Airlines (and other oneworld alliance partners)? And you can use Air France or Korean Air to book a partner flight on Delta Airlines (and other SkyTeam alliance partners).

    Tip: Want to earn even more points for travel? Pool your Chase points from your Chase Freedom or Chase Freedom Unlimited.

    Since the Sapphire Preferred doesn't give you bonus points in popular categories like gas, consider maximizing your rewards by supplementing with a Chase Freedom card. The Freedom card earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases. Use the Freedom card for the bonus categories, and then pool your reward points from both cards.

  • Visa: Chase Sapphire Preferred is a Visa credit card. American Express and Discover are widely accepted in the USA, but if you travel overseas, there are some retailers that only take Visa and MasterCard.

  • Smartchip: Good news for international travelers, the Sapphire Preferred comes with Chip with Signature technology.

    Note: This is different than "Chip and Pin." With "Chip and PIN", you need to use a PIN on transactions, but with "Chip with Signature", you need to provide your signature. To learn more, read this Beginner's Guide to Chip Credit Cards.

To learn more why the Chase Sapphire Preferred is a good card for travelers, here is a link to Chase's secure website. You'll also find the online application there and details on how to qualify for the 50,000 bonus point deal.

Earning Points

Earning points with the Sapphire Preferred card is straightforward - you get 2x points on travel and dining at restaurants worldwide and 1 point per dollar spent on all other purchases.

Chase has a pretty wide definition of what is defined as travel:

  • airlines
  • hotels, motels
  • timeshares
  • campgrounds
  • car rentals
  • cruise lines
  • travel agencies & discount travel sites
  • trains, buses, limos, ferrys
  • tolls, bridges, highways
  • parking lots, garages

Dining at restaurants include fast food restaurants as well as fine dining establishments.

Tip: You can also earn bonus rewards points when shopping through Chase's Ultimate Rewards shopping portal. There are over 200 partner merchants that offer extra bonus points per dollar spent. Most stores offer 2x-5x points per $1, but some stores go as high as 15x or 20x points. So whenever you want to do a bit of online shopping, check the Chase mall first to see if your store is on the list.

Travel Protection

© CreditDonkey

When you use this card to make your travel arrangements, you will receive a variety of card benefits as listed below:

  • Travel Insurance: You are eligible to receive travel accident insurance, up to $500,000, as well as Emergency Assistance services via phone 24/7.

    In addition, you can get up to $3000 reimbursement for lost or damage luggage for you or your family. If your baggage is delayed after you arrive, you can be reimbursed for essentials, such as toiletries and clothes, for up to $100/day for 5 days.

    If your trip is delayed for more than 12 hours, each ticketed person in your family can receive up to $500 total reimbursement for meals and hotel stays, if you are not reimbursed by another source.

  • Trip Cancellation/Interruption: If you've paid for your trip with the card, you have added protection if you or a family member get sick, or if weather or other covered circumstances interrupt your travel. You can be reimbursed up to $10,000 per trip for your non-refundable, pre-paid travel expenses, including airfare, hotel, and tours.

  • Car Rental Insurance: The Sapphire Preferred card offers primary, not secondary, collision and damage insurance for most rental cars when you pay the entire car rental fee in full and decline the rental company's collision and damage insurance. Most other credit cards (even travel cards) offer just secondary insurance, so this is a very useful card benefit.

Purchase Protection and Extended Warranty

The card benefits go beyond just travel. We'll highlight a few in this card review.

  • Purchase Protection: On most purchases, you will be reimbursed up to $500 if the item is damaged or stolen within 120 days from the date of purchase. That nearly four month period can give you peace of mind.

  • Extended Warranty: An additional one year warranty will be added to eligible purchases made with the card for items that come with an initial three year or less warranty.

  • Price Protection: You also get price protection for up to 90 days after the date of purchase. So, if you find a lower advertised price within that time, you can be reimbursed the difference, up to $500 dollars per eligible purchase with a maximum of $2500 per year. Note that these are purchases made in the U.S. only.

Pros

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
  • $0 Foreign Transaction Fee

Cons

  • Introductory Annual Fee of $0 the first year, then $95
  • No introductory APR
  • Hard to qualify for; requires excellent credit

Worth the annual fee?

Here's how the Chase Sapphire Preferred stacks up against the Chase Freedom, a cashback Chase card with no annual fee.

 

Chase Sapphire Preferred

Chase Freedom

 

Interest Rates and Fees

Introductory APR for PurchasesN/A0% introductory APR for 15 months
Introductory APR for Balance TransfersN/A0% introductory APR for 15 months
Purchase APR16.49% to 23.49% Variable based on your creditworthiness and other factors15.49% to 24.24% Variable based on your creditworthiness and other factors
Balance Transfers APR16.49% to 23.49% Variable based on your creditworthiness and other factors15.49% to 24.24% Variable based on your creditworthiness and other factors
Annual FeeIntroductory Annual Fee of $0 the first year, then $95$0 annual fee
 

Benefits and Features

Cash Back Deal Introductory Bonus Cash Back: Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.
Points DealIntroductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards® 
Cash Back Cash Back Rewards: Unlimited 1% cash back on all other purchases.
Bonus Cash Back Bonus Cash Back: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases.
Bonus Categories for 2017:
Q1 (January 1 – March 31, 2017): Gas stations and local commuter transportation (not including parking, tolls, and Amtrak® purchases)
Q2 (April 1 - June 30, 2017): Grocery stores (not including Walmart® and Target® purchases)
Q3 (July 1 – September 30, 2017): TBA
Q4 (October 1 – December 31, 2017): TBA
TravelTravel Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
1:1 point transfer to leading airline and hotel loyalty programs
 
AirlineAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programs 
HotelHotel Rewards: 1:1 point transfer to leading airline and hotel loyalty programs 
PointsPoint Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide 
RestaurantDining Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide 
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, and Virgin Atlantic. 

Chase Freedom: Pricing information including interest rates, benefits and fees were obtained on January 13, 2017 from published websites and are believed to be accurate, but not guaranteed.

Disclaimer: The information for the Chase Freedom has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Tip: Consider using both the Sapphire Preferred and Chase Freedom. By using the Chase Freedom card on select spending categories and Sapphire Preferred on travel, dining and everything else, you're getting the best of both worlds. Normally, you can't transfer points earned with the Freedom to frequent flyer programs, but when you combined your points with the Chase Sapphire Preferred, you can now transfer the pooled Chase points to airline transfer partners (such as United and Southwest) and hotel transfer partners (such as Marriott).

Related Chase Card: Chase Sapphire Preferred vs Chase Slate

Are you a frequent traveler? If a $450 annual fee does not scare you, then read this comparison review of Chase Sapphire Preferred vs AMEX Platinum. Keep in mind, the AMEX Platinum Card from American Express (a CreditDonkey advertiser) is a charge card and not a credit card -- so you'll need to pay off the balance in full each month. With the AMEX Platinum, you'll get lounge access to 5 airport lounge networks, an airline fee credit, and other travel perks.

If a $450 annual fee is too much, but you're still willing to consider cards with annual fees, another one to consider is the AMEX Premier Rewards Gold Card. It has a $195 annual fee. Here is a side-by-side comparison of the two cards:

 

Chase Sapphire Preferred

Premier Rewards Gold Card

 

Interest Rates and Fees

Purchase APR16.49% to 23.49% Variable based on your creditworthiness and other factorsN/A
Balance Transfers APR16.49% to 23.49% Variable based on your creditworthiness and other factorsN/A
Annual FeeIntroductory Annual Fee of $0 the first year, then $95Introductory annual fee of $0 for the first year, then $195
 See Rates & Fees
 

Benefits and Features

Points DealIntroductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®Introductory Bonus Reward Points: Receive 25,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
PointsPoint Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwidePoint Rewards: 3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and US supermarkets. 1X points on other purchases. Terms and limitations apply.
Airline Status Airline Status: $100 Airline Fee Credit. Up to $100 a year in baggage fees and more at one airline.
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, and Virgin Atlantic.Airline Transfer Partners: Airline transfer partners include Delta, Hawaiian Airlines, Aeromexico, Air Canada, Air France, Emirates, Cathay Pacific (Asia Miles), Virgin Atlantic, Singapore Airlines, Etihad, Alitalia, All Nippon Airways and more.

How $95 Annual Fee Compares

The Chase Sapphire Preferred and Starwood Preferred Guest (from American Express, a CreditDonkey partner) both have an annual fee, so how do you decide which travel card is right for you?

Here's a side-by-side comparison:

 Chase Sapphire Preferred CardStarwood Preferred Guest Credit Card from American Express
 Apply NowApply Now
 

Chase Sapphire Preferred® Card

Starwood Preferred Guest® Credit Card from American Express

 

Interest Rates and Fees

Purchase APR16.49% to 23.49% Variable based on your creditworthiness and other factors15.74% to 19.74% Variable based on your creditworthiness and other factors
Balance Transfers APR16.49% to 23.49% Variable based on your creditworthiness and other factors15.74% to 19.74% Variable based on your creditworthiness and other factors
Annual FeeIntroductory Annual Fee of $0 the first year, then $95$0 introductory annual fee for the first year, then $95
 See Rates & Fees
 

Benefits and Features

Introductory Bonus Hotel Rewards Introductory Bonus Hotel Rewards: Earn 25,000 bonus Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.
Introductory Bonus Reward PointsIntroductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards® 
Airline RewardsAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programsAirline Rewards: Transfer Starpoints to more than 30 airline frequent flyer programs, mostly on a one-to-one basis.
Redeem Starpoints® for flights on more than 150 airlines with SPG flights, with no blackout dates.
Hotel RewardsHotel Rewards: 1:1 point transfer to leading airline and hotel loyalty programsHotel Rewards: Earn 2 Starpoints® for each dollar of eligible purchases spent on the Card at participating SPG® & Marriott Rewards® hotels. Earn 1 Starpoint for all other purchases.
Redeem Starpoints® at over 1,300 participating hotels and resorts in over 100 countries, with no blackout dates.
Bonus Airline Rewards Bonus Airline Rewards: Get 5,000 bonus Starpoints after you transfer 20,000 Starpoints to a frequent flyer program with more than 30 airlines
Hotel Status Hotel Status: Receive free in-room, premium internet access. Booking requirements apply.
Earn SPG Gold Status by spending $30,000 or more on your Card in a calendar year. Receive credit for 5 nights toward SPG elite status each year.
Dining RewardsDining Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide 
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, and Virgin Atlantic.Airline Transfer Partners: Airline transfer partners include American Airlines, Delta, Alaska Airlines, Virgin America, Hawaiian Airlines, British Airways, Aeromexico, Air Canada, Air France (Flying Blue), Emirates, Qatar Airways, Cathay Pacific (Asia Miles), Virgin Atlantic, Avianca, Singapore Airlines, Korean Air, Etihad, Asiana Airlines, Air China, Alitalia, Air Berlin, Jet Airways, China Southern Airlines, Japan Airlines, Hainan Airlines, Thai Airways, Virgin Australia, Aegean Airlines, Miles and More, All Nippon Airways, China Eastern, and more.
 Apply NowApply Now

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Which one is right for you? Who do you fly and where do you stay?

  • Chase Sapphire Preferred earns Ultimate Rewards® points, which can be transferred to airline transfer partners such as United and Southwest. You can also transfer points to hotel partners such as Marriott, Hyatt, IHG, and the Ritz-Carlton.

  • Starwood Preferred Guest from American Express, a CreditDonkey partner, earns Starpoints®, which can be transferred to airline transfer partners such as American Airlines and Delta. You can also use points at Starwood hotels such as Sheraton, Westin, St Regis, and W Hotels.

The Citi ThankYou Premier is another card with a $95 annual fee (Chase Sapphire Preferred vs Citi ThankYou Premier), but the Sapphire Preferred has a big signup bonus that wins us over.

How 50,000 Bonus Points Compare

 Chase Sapphire Preferred CardBarclaycard Arrival Plus World Elite MasterCard
 Apply NowApply Now
 

Chase Sapphire Preferred® Card

Barclaycard Arrival Plus™ World Elite MasterCard®

 

Interest Rates and Fees

Introductory APR for Balance TransfersN/A0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening.
Purchase APR16.49% to 23.49% Variable based on your creditworthiness and other factors16.49%, 20.49%, 23.49% Variable based on your creditworthiness and other factors
Balance Transfers APR16.49% to 23.49% Variable based on your creditworthiness and other factors16.49%, 20.49%, 23.49% Variable based on your creditworthiness and other factors
Annual FeeIntroductory Annual Fee of $0 the first year, then $95$89 annual fee, annual fee waived for first year
 

Benefits and Features

Introductory Bonus Airline Rewards Introductory Bonus Airline Rewards: Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
Introductory Bonus Reward PointsIntroductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards® 
Airline RewardsAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programsAirline Rewards: Earn 2X miles on all purchases.
Point RewardsPoint Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide 
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, and Virgin Atlantic. 
 Apply NowApply Now

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

These rewards cards both offer a big bonus, so how do you decide which one?

  • Barclaycard Arrival Plus earns 2x miles on all purchases, but the miles cannot be transferred to airline or hotel transfer partners. Instead, you can redeem it for a statement credit toward eligible travel purchases.

  • Chase Sapphire Preferred lets you redeem points for a statement credit, book travel through Chase Ultimate Rewards, or transfer them to an airline or hotel transfer partner (at a 1:1 ratio).

Both of these cards offer a bigger bonus than Capital One Venture, another popular travel rewards card (see Chase Sapphire Preferred vs Capital One Venture).

Common Questions

Q: How much is a Chase Sapphire Preferred point worth?
Chase Sapphire Preferred points are worth 1.25 cents per point toward travel when you redeem through Chase Ultimate Rewards. Better yet, if you transfer them to a Chase Sapphire Preferred airline transfer partner (or hotel partner), you can potentially make your points worth even more. Read our article on 23 amazing ways to redeem Chase Ultimate Reward points for some inspiration.

Q: Is Chase Sapphire Preferred a Visa?
Yes, the Sapphire Preferred is a VISA card. That means you can use it where VISA cards are accepted, including warehouse clubs like Costco.

Q: What are the Chase Sapphire Preferred requirements?
Generally speaking, you would need excellent credit to get approved for a Chase rewards card.

Note: Chase has been known to decline applications if you've already opened more than 5 new credit cards in the last 24 months, including non-Chase cards. Because of this limitation, the Sapphire Preferred card should be the first card you consider when you are on the market for a new travel card. Other card issuers have their own guidelines. If you are interested in the Sapphire Preferred sign-up bonus, travel rewards and card benefits, then complete your application for this card before you apply for cards from other card issuers.

Q: Should I add an authorized user to my new account?
You can earn 5,000 bonus points after you add the first authorized user and they make a purchase within the first 3 months from account opening.

It's tempting, but should you do it?

A great thing about the Sapphire Preferred card is the ability to transfer Chase points to airline and hotel transfer partners (such as United and Marriott). Now, as long as the authorized user lives in your household, you can transfer your Chase Ultimate Rewards points to the authorized user's frequent flyer or hotel loyalty account at participating transfer partners.

Plus, if you need a little help to reach the $4,000 in the first 3 months minimum spending threshold to qualify for the signup bonus, having an authorized user may help you reach your goals.

It's nice for authorized users too, as they can enjoy the Chase Sapphire Preferred's travel perks such as primary auto rental collision damage waiver without having to pay an additional annual fee.

But do not just add anybody. Remember, you are responsible for charges from authorized users.

Q: I use Uber, does that count toward 2x points on travel?
Yes. Merchants in the Chase rewards travel category include: airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.

Q: I eat at fast food restaurants, does that count toward 2x points on dining at restaurants?
Yes. Merchants in the Chase rewards restaurants category are merchants whose primary business is sit-down or eat-in dining, including fast food restaurants as well as fine dining establishments. Keep in mind, some merchants that sell food and drinks located within larger merchants such as sports stadiums, hotels and casinos, theme parks, grocery and department stores will not usually be included in this category.

Q: What is the current bonus offer?
Chase Sapphire Preferred promotion has increased significantly from their previous 40,000 bonus point offer. Now you can earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®.

Bottom Line

© mathieu_distefano (CC BY-SA 2.0) via Flickr

If you have excellent credit and would spend enough to earn the 50,000 point bonus, the Sapphire Preferred is an excellent value, especially for travelers.

(Updated by Cynthia and Lauren, Editing by Erin K and Sarah)

Next Step: View the issuer's official application, terms, and details

David R is a contributing writer at CreditDonkey, a credit card comparison and financial education website. Write to David R at davidr@creditdonkey.com. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions. (read more)

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on December 9, 2011. This content may have been updated on December 19, 2016. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Chase Freedom, Chase Slate, Chase Freedom Unlimited, Capital One® Venture® Rewards Credit Card, and Citi ThankYou® Premier Card have been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.49% - 23.49% Variable
Introductory Annual Fee of $0 the first year, then $95

Compare Chase Sapphire Preferred to:

Compare Chase Sapphire Preferred vs Premier Rewards Gold Card

Premier Rewards Gold Card from American Express

Compare Chase Sapphire Preferred vs American Express Platinum

The Platinum Card® from American Express

Compare Chase Sapphire Preferred vs Barclaycard Arrival Plus

Barclaycard Arrival Plus™ World Elite MasterCard®


Chase Freedom

Chase Freedom is one of the best credit cards for cash back, if used the right way. If not, there are drawbacks. Read on for the pros and cons to determine if this card is right for you.

    Beginner's Guide to Airline Miles and Points

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    Credit Card Deals

    Signing up for a card with a sign-up bonus or an introductory offer can be a great way to get a head start on earning rewards or to get a handle on your debt.

    Hot Deals: Latest Credit Card Offers

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    If you’re usually eating out rather than slaving over a hot stove at home, make a point of using a rewards credit card every time you pick up the tab and save up some serious cash.

    No Foreign Transaction Fee Credit Cards

    Most credit cards tack on a 3% charge, or foreign transaction fee, on purchases made outside the United States. If you travel internationally with a no foreign transaction fee credit card, you'll save money on your purchases.

    Barclaycard

    Looking for a travel credit card? Rewards card? How about the ability to determine your own rewards rate? Barclaycard has a credit card for each of these options. Read on to find out which one is the best, depending on whether your first priority with your next credit card has to do with rewards, travel, or low interest.

    Study: Credit Cards for International Travel

    The best credit cards for international travel have no foreign transaction fees, chip technology and worldwide acceptance. Read this before you take off.

    Study: Hotel Credit Cards for Free Nights

    Must-read list of hotel credit card promotions. Check out this essential list of credit card offers before your next hotel stay.

    Study: Credit Card for European Travel

    If you’re looking for a credit card that can take you to Europe and back, you might need to look past what’s already in your wallet. Let’s do a quick inventory: any credit cards with a small chip located on the left-hand side? Put aside any that are missing that telltale square box. They’re bound to let you down as you make your way through international lands.

    Chase Ultimate Rewards Review: Get Maximum Value

    Get the most out of Chase credit cards. Read this in-depth guide to Chase's Ultimate Rewards program. We'll explain how to get the maximum value.

    23 Ways to Earn Airline Miles Without Flying

    You don't have to fly to earn tons of airline miles. Read this article to learn how to rack up the miles fast.

    Earn Airline Miles Without Flying

    Do you want to travel more? There is an airline miles trick that airlines do not want you to know.

    These Credit Cards Have a $95 Annual Fee, but Here's Why It's Worth Considering

    These credit cards have an annual fee, but if you have great credit, we will explain why they are worth it.
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Learn more about Travel, Airline and Hotel cards:

Travel


Airline Miles for Beginners


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About CreditDonkey®
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CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.