Chase Sapphire Preferred® Card
- Annual fee
- $95
- Recommended credit
- Excellent / Good
- Card network
- Visa
- Regular purchase APR
- 20.99% to 27.99% variable based on creditworthiness and Prime Rate
At a glance
For customers with a hunger for travel and (literally) dining, the Chase Sapphire Preferred® Card offers a robust set of rewards and perks to ensure that they get the most out of their purchases. Plus, a sizable introductory bonus allows them to begin collecting – and redeeming – points immediately.
Our review of the Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is a top choice for travelers due to its generous rewards and benefits. With a strong welcome offer and up to 5X points on travel and dining purchases, cardholders can quickly earn valuable rewards.
How to Get the Card
Getting the Chase Sapphire Preferred® Card is simple for those with a good or excellent credit score. Applicants must be at least 18 years old, have a U.S. mailing address, a SSN or ITIN, a FICO Score above 670, and proof of income.
Welcome Offer
New cardholders can earn a generous welcome bonus of 60,000 points by spending $4,000 in the first three months.
Earn Up to 5X
The Chase Sapphire Preferred® Card allows cardholders to earn up to 5X points on travel purchased through Chase Ultimate Rewards, with other travel purchases earning 2X points per dollar. Additionally, cardholders can earn 3X points on dining, select streaming services, and online grocery purchases.
How to Redeem Rewards
Cardholders can redeem their points for statement credits, gift cards, travel, shopping, charitable donations, and transfers to partner loyalty programs at a 1:1 ratio.
Travel Benefits
While not as robust as the Sapphire Reserve, the Sapphire Preferred offers a $50 annual hotel credit and various travel insurance coverages, including trip cancellation/interruption insurance, baggage delay coverage, and rental car collision insurance.
FAQs
- Credit Score: A good or excellent credit score is typically needed for approval.
- Ultimate Rewards Points: Points are worth one cent each, but cardholders can get more value through Ultimate Rewards.
- Point Expiration: Points do not expire as long as the account is open and in good standing.
- 5/24 Rule: Chase’s 5/24 rule limits approvals for those with five or more new cards in the past 24 months.
- Credit Limit Increase: Chase may automatically increase credit limits every 12 months.
- Metal Cards: Both the Sapphire Preferred and Sapphire Reserve are made of metal.
- Availability: Chase products are available in all 50 states and D.C.
Should You Apply?
The Chase Sapphire Preferred® Card is a great option for frequent travelers who can take advantage of the card’s rewards and benefits. For those seeking even more perks and willing to pay a higher annual fee, the Sapphire Reserve may be a better fit. Compare the two to see which aligns best with your spending habits and travel needs.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
- 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.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Member FDIC
Who this card may suit
- You travel often enough to make up for the annual fee
- You'll take advantage of the travel insurance and other emergency perks
- You're looking for flexibility when it comes to rewards, with the option to redeem for gift cards, flights and more
- You plan to maximize your points by redeeming through Chase Ultimate Rewards®
- You have a very good to excellent credit score, and can meet the spending requirement for the introductory bonus
Rates, fees and terms
| Annual Fee | $95 |
|---|---|
| Regular Purchase APR | 20.99% to 27.99% variable based on creditworthiness and Prime Rate |
| Balance Transfer APR | 20.99% to 27.99% variable based on creditworthiness and Prime Rate |
| Balance Transfer Transaction Fee | Either $5 or 5% of each transfer amount, whichever is greater |
| Cash Advance APR | 29.74% variable based on Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 5% of each transaction amount, whichever is greater |
| Penalty APR | Up to 29.99% variable based on the Prime Rate |
| Late Payment Penalty Fee | Up to $40 |
| Return Payment Penalty Fee | Up to $40 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.
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Chase Sapphire Preferred® Card
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