Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain.

Chase Sapphire Preferred®

Apply Now

Secure application on issuer’s website

  • Our Rating 5/5 How our ratings work
  • APR21.49% - 28.49% (Variable)
  • Annual Fee$95
  • Sign Up Bonus 75,000Chase Ultimate Rewards Points More Info

    Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠. Dollar Equivalent: $1,725 (75,000 Chase Ultimate Rewards Points * 0.023 base)

The Chase Sapphire Preferred Card is one of the gold standards for earning travel rewards. It has a generous sign-up bonus and you can earn points on travel and dining expenses. The card does have an annual fee, but you can continue earning points through bonus categories and an anniversary points boost.

One of the Best Travel Rewards Card for Beginners and Experts Alike

The Chase Sapphire Preferred® is one of the gold standards for earning strong travel rewards. As a travel card, it comes with generous travel insurance benefits and various purchase protections, plus a $50 Annual Chase Travel Hotel Credit that offsets more than half the annual fee. Cardholders can also earn points faster with elevated rewards on travel, dining, online groceries and select streaming expenses. If you’re looking for a strong travel card with an affordable annual fee, flexible redemption options and access to a long list of popular transfer partners, the Chase Sapphire Preferred is an excellent option.


  • Points are easily transferable to airlines and hotel partners
  • Accelerated earnings on dining, travel & household purchases
  • Excellent travel and purchase protections
  • No foreign transaction fees


  • Not ideal for the highest spenders
  • $95 annual fee

Sign-Up Bonus

The Chase Sapphire Preferred offers one of the best credit card bonuses on the market.

  • New cardholders can earn 75,000 bonus points after using their new credit card to spend $4,000 within three months of account opening.

Right off the bat, this bonus is worth over $900 when redeeming points to book travel through Chase Travel℠. However, it's possible to squeeze even more value out of this bonus if you know the best ways to redeem your points. Our points and miles guide estimates that Chase Ultimate Rewards points are worth an average of 2.3 cents per dollar when redeemed for travel. That means this bonus could potentially be worth more if you can find a way to redeem your points for their maximum value.

What Slickdealers Are Saying

“I’ve had this card for seven years now and it’s my go-to card for earning travel rewards. We rack up points pretty fast through 3x points on dining since it includes takeout. I also use it for all other purchases that I don’t have a better rewards rate for through other cards. I love how easy it is to redeem points through the Chase portal as well. You can pay for flights and hotels using a mix of points and cash, which is great when you’re just a few hundred points short. I also use this card anytime I rent a car while traveling since you get car insurance covered for free when you pay for your rental with the Sapphire Preferred.

A couple of years ago I used 100,000 points to pay for five nights at different hotels in Sweden and rountrip airfare for four people from Stockholm to Paris.”

Johan Mengesha Vice President, Content

Earning Rewards

Earning rewards with the Chase Sapphire Preferred is easy if you spend frequently in the areas of travel, dining, streaming and online groceries.

The Chase Sapphire Preferred earns Ultimate Rewards points at the following rates:

  • 5x points per dollar spent on all travel booked through Chase Ultimate Rewards
  • 3x points on dining, including eligible takeout and delivery services
  • 3x points on select streaming services
  • 3x points on online grocery purchases, excluding Target, Walmart and wholesale clubs
  • 2x points per dollar spent on other travel purchases
  • 1x point per dollar on all other spending

Chase broadly defines travel to include not just airfare, hotels and rental cars, but expenses like parking, tolls and public transit too.

You’ll also get an annual bonus of Ultimate Rewards points equal to 10% of your total spend from the previous year. For example, if you spend $10,000 on purchases, you'll get 1,000 bonus points.

Ways to Redeem Rewards

There are many ways to use the points earned from holding the Chase Sapphire Preferred credit card. These are some of the best uses. 

  • Transfer to travel partners: Points can be transferred to around one dozen global airline partners and three worldwide hotel partners. According to our points and miles valuation guide, Ultimate Rewards points are worth 2.3 cents each, making them some of the most valuable currencies in the rewards ecosystem. 
  • Book a trip through Chase Travel℠: If you prefer simplicity, you can also book your travel directly through the Chase portal and earn a 25% value boost. Combine points from another Ultimate Rewards-earning credit card, such as the Chase Freedom®, to make your Chase travel portal redemptions 25% more valuable.
  • Statement credit: You can apply your Ultimate Rewards points toward your monthly statement balance, which is converted at a rate of one cent per point.
  • Gift cards or purchases on merchant sites: You can also use your points in other ways, such as by purchasing gift cards, paying for purchases, or magazine subscriptions. 

Quick Tip

Whenever possible, save your Chase Ultimate Rewards points for high-value travel redemptions instead of using them toward Amazon purchases or similar expenses. As a good rule of thumb, you should use cash when the value of your purchase exceeds the comparable value you could get from the points.

When in doubt, use our Points or Cash calculator to help you decide whether to pay for a purchase in cash or points.

Chase Transfer Airline and Hotel Partners

The Chase Ultimate Rewards program gives you access to all three major airline alliances in the United States and several major international carriers. 

Airline Partners

Ultimate Rewards airline partners include:

  • Aer Lingus
  • Aeroplan/Air Canada
  • British Airways
  • Emirates
  • Flying Blue (Air France/KLM)
  • Iberia
  • JetBlue
  • Singapore Airlines (KrisFlyer)
  • Southwest
  • United Airlines
  • Virgin Atlantic

Hotel Partners

Ultimate Rewards hotel transfer partners include:

  • Hyatt
  • IHG
  • Marriott
couple at Turquoize at Hyatt Ziva Cancun Related Article

10 Ways to Redeem 75,000 Chase Ultimate Rewards Points for Travel

Read More

Rewards Potential

According to 2022 data from the Bureau of Labor Statistics (BLS), American households (defined as families, single people and people sharing living expenses) spent almost $73,000 annually on living expenses on average. 

If you put the majority of average annual household expenses on the Sapphire Preferred, excluding housing and a few other costs, here’s an example of how many Ultimate Rewards points you could earn each year:

Rewards Rate Annual Spend Points Earned

Chase Travel

5x points



Dining, takeout and delivery

3x points



Select streaming

3x points



Online groceries (excluding Target, Walmart + wholesale clubs)

3x points



Everything else

1x points




Sources: Consumer Expenditures – 2022, Bureau of Labor Statistics, and 15th Annual Vacation Confidence Index, Allianz Partners USA

Our estimate is based on about $49,000 of spending on the card—we excluded housing costs and a few other expenses calculated by BLS, and included average streaming expenses from Allianz Partners USA. The potential to earn more than 80,000 Ultimate Rewards points per year with this calculation could be further boosted by the 10% anniversary bonus on that $49,000 annual card spend, which would give you an additional 4,900 Ultimate Rewards points (about 85,000 total points). 

What's more, 85,000 Ultimate Rewards points are worth a minimum of $1,062.50 (25% more) when redeemed for award travel through Chase’s travel portal.

Card Benefits and Perks

In addition to great travel rewards per dollar spent, you can access several valuable benefits as a Chase Sapphire Preferred cardholder:

  • $50 Annual Chase Travel Hotel Credit: Every year on your anniversary, you’ll earn a $50 annual credit automatically applied to your statement when you purchase a hotel stay through Chase Travel℠. 
  • Complimentary DashPass: Activate by December 31, 2024 and get complimentary access to DashPass, which can be used on DoorDash and Caviar.
  • Complimentary Instacart+: Get six months of complimentary Instacart+ and up to $15 in statement credits each quarter through July 2024.
  • Travel protections: When you book your trip with the card, you can access various travel protections, including trip cancellation/interruption insurance, trip delay reimbursement, rental car collision damage waiver, lost luggage reimbursement, baggage delay insurance, and more.
  • Purchase protection: The card also comes with extended warranty protection and purchase protection on products purchased with the card.
  • No foreign transaction fees: The Chase Sapphire Preferred does not charge foreign transaction fees, making this a great credit card to keep in your wallet on international trips. 
Chase Sapphire Preferred card on beach Related Article

10 Things to Do When You Get the Chase Sapphire Preferred Card

Read More


Besides having to pay an annual fee, there really aren’t many drawbacks to this credit card. If you don’t want to pay an annual fee, the Chase Freedom Flex℠ is a no-annual-fee card with similar earning categories in the Ultimate Rewards family but does not come with as many benefits. 

Annual Fee

The Chase Sapphire Preferred has an annual fee of $95. 

This card can easily help the average American household earn more than $1,300 in travel rewards per year, just by charging everyday expenses to this card—and that’s even before factoring in the initial sign-up bonus.

Furthermore, the annual fee covers several soft benefits such as complimentary travel insurance, a top-shelf perk that many premium credit cards don’t even offer. If you utilize the $50 Annual Chase Travel hotel credit, you can essentially cut the annual fee in half.


Depending on your creditworthiness and several other factors, the card charges a 21.49% - 28.49% (Variable) APR. As always, we highly recommend paying off your account balance in full monthly to avoid high interest rates from credit card debt.

couple jumping off sailboat Related Article

Who Should (and Shouldn’t) Get the Chase Sapphire Preferred Card?

Read More

Recommended Credit Score

The Chase Sapphire Preferred is a mid-tier travel rewards credit card, and Chase is most likely to approve applicants with good to excellent credit. If you want to add this credit card to your wallet, we recommend having a minimum credit score of 670 before applying. 

It’s worth noting that Chase has a unique and unofficial rule for all credit card applicants, informally called the “5/24 rule” by people in the know. If you opened five or more new credit cards from any issuers within the last 24 months, Chase is likely to deny your application no matter what. 

So if you have great credit but have been denied for recently opening too many credit cards, consider waiting a few months—and hold off on applying for other cards—before trying again. 

Comparing the Chase Sapphire Preferred Credit Card

The Sapphire Preferred is one of several mid-tier travel cards with an appealing $95 annual fee plus solid travel and dining-related benefits. Here is how the card stacks up:

Card Intro Bonus Annual Fee Rewards Rate Learn More

Chase Sapphire Preferred®

75,000Chase Ultimate Rewards Points More Info

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠. Dollar Equivalent: $1,725 (75,000 Chase Ultimate Rewards Points * 0.023 base)

$95 1x- 5xPoints More Info

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.

Chase Sapphire Reserve®

75,000Chase Ultimate Rewards Points More Info

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠. Dollar Equivalent: $1,725 (75,000 Chase Ultimate Rewards Points * 0.023 base)

$550 1x - 10xPoints More Info

Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

Citi Strata Premier℠ Card

70,000Citi ThankYou® Points More Info

Earn 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 Dollar Equivalent: $1,260 (70,000 Citi ThankYou® Points * 0.018 base)

$95 1X-10XPoints More Info

10x on Hotels, Car Rentals, and Attractions booked through 3x -- Earn 3 Points per $1 spent on Air Travel and Other Hotel Purchases 3x -- Earn 3 Points per $1 spent on Restaurants 3x -- Earn 3 Points per $1 spent on Supermarkets 3x -- Earn 3 Points per $1 spent on Gas and EV Charging Stations 1x -- Earn 1 Point per $1 spent on All Other Purchases

Product Image for Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

75,000Capital One Rewards Miles More Info

You can earn 75,000 bonus miles after spending $4,000 on purchases within three months of account opening. Dollar Equivalent: $1,350 (75,000 Capital One Rewards Miles * 0.018 base)

$95 2 - 5 miles per dollarMiles More Info

The card offers a flat 2 miles per dollar on every purchase you make, every day, giving cardholders predictability and simplicity. You'll also earn 5 miles per dollar on all hotel and rental car purchases that you make with the card through Capital One's proprietary travel booking platform.

Sapphire Preferred vs. Sapphire Reserve

If you spend a lot on dining and travel every year, you might consider the Preferred’s big brother instead. The Chase Sapphire Reserve® does have a steep $550 annual fee but comes with several premium perks, including free Global Entry and/or TSA PreCheck, Priority Pass lounge access, plus a $300 annual travel credit that helps offset some of the hefty annual fee.

If that still sounds too much to spend for a credit card, don’t worry—the Sapphire Preferred is a perfectly adequate travel card for most travelers, especially if you already have other cards in your wallet offering complementary benefits. 

gold credit cards in gold hands Related Article

4 Best Alternatives to the Chase Sapphire Preferred Card

Read More

Sapphire Preferred vs. Citi Strata Premier℠ Card

The Citi Strata Premier℠ Card, from our partner Citi, is Citi’s competition for the Chase Sapphire Preferred, with the same $95 annual fee and similar perks for spending. The Citi Strata Premier℠ Card slightly outperforms the Preferred on everyday spending categories, with 3x Citi ThankYou Points per dollar at supermarkets, gas stations and restaurants, and hotels and airlines. 

The ability to earn on gas and groceries, coupled with the $100 annual hotel credit, make the Citi Strata Premier℠ Card a great card to consider if you’re an infrequent traveler who would like to earn rewards on everyday expenses to offset costs for an annual trip or two. It all comes down to personal preference and whether you’d use ThankYou Points more consistently than Ultimate Rewards. 

Sapphire Preferred vs. Capital One Venture Rewards Credit Card

Thanks to numerous TV commercials (“What’s in your wallet?”), Capital One Venture Rewards Credit Card may be one of the best-known travel cards on the market. The reward scheme on this card is incredibly simple: You earn 2 miles per dollar on every purchase regardless of the category and 5 miles per dollar on hotels and rental cars booked through the Capital One travel portal.

This card is great for travelers who don’t want to consider earning categories and prefer to keep a single card in their wallets for any situation. You can transfer Capital One miles to several airline and hotel partners or use them to “erase” travel purchases on your credit card statements.

Is the Chase Sapphire Preferred Right for You?

The Chase Sapphire Preferred is a fantastic card for just about any traveler who wants a solid everyday card in their wallet that earns Chase Ultimate Rewards. However, you might want to consider another Chase card if you want to avoid an annual fee or don't travel much. And you should skip this card in favor of the Sapphire Reserve if you want a premium travel credit card since you can’t hold both the Preferred and the Reserve simultaneously. 

Setting the Standard

Ready to get started?

Apply Now

Secure application on issuer’s website

Frequently Asked Questions

  • While there isn’t an official credit score requirement for the card, most online affiliates estimate that you’ll need “good” to “excellent” credit scores. As a rule of thumb, higher credit scores are more likely to be approved.

  • You’ll likely need between 10,000 and 40,000 points for a free one-way economy flight booked through Ultimate Rewards Travel. You’ll need even more points if you want to fly mixed class, premium economy, or business class for free.

    Bear in mind that the amount of points you’ll actually need for a free ticket will depend on an airline’s variable pricing factors, such as the destination, time of day, date of travel, and demand, to name a few. Also, you can redeem points for outsized value by transferring your Ultimate Rewards to a Chase travel partner, but the average number of points you’ll need varies widely depending on the transfer rate and a specific airline’s rewards schedule.

  • You can avoid the Chase Sapphire Preferred Card’s annual fee by being an active duty service member or by simply asking the issuer to waive the fee. For eligible service members, Chase will need to confirm your military status, which is typically done during the initial application process. Otherwise, if you choose to call Chase customer service, your agent may offer a one-time waiver for the annual fee. In some cases, they may offer you a statement credit equal to the amount of the annual fee. Keep in mind that Chase is under no obligation to grant you an annual fee waiver.

  • Chase will evaluate your credit report and, if approved, will assign you a limit based on your creditworthiness. The minimum credit limit for the Chase Sapphire Preferred is $5,000, according to Chase’s terms and conditions. The issuer does not publish the maximum credit limit an applicant will receive after approval. However, anecdotal accounts from cardholders online report access to limits between $10,000 to as much as $20,000.

  • The Chase Sapphire Preferred is a great fit for travelers who want well-rounded benefits, perks and travel protection without spending a high annual fee. This credit card ushers you into the Chase Ultimate Rewards loyalty program, allowing you to earn points that can be shared and pooled with rewards from various other rewards cards in the Chase family.

  • Chase is most likely to approve applicants who have good to excellent credit. If you’re applying for the Chase Sapphire Preferred, we recommend having a minimum credit score of 670.

  • The Chase Sapphire Preferred provides travel insurance, generous rewards with bonus categories for earning, flexible rewards and easy redemption opportunities, all for a low annual fee.


Jason Steele

Jason Steele is a journalist who specializes in covering credit cards, award travel and other areas of personal finance. As one of the nation’s leading experts in the credit card industry, Jason’s work has been featured at mainstream outlets such as Yahoo! Finance, MSN Money and Business Insider.