Chase Sapphire Preferred Credit Card Review | CompareCredit

Chase Sapphire Preferred® Card Review

By Thomas Donaldson

Perfect for frequent fliers or the those who only travel a few times a year, this popular travel rewards card is a consumer favorite thanks to the flexible travel rewards and big sign up bonus.

best of the best

Chase Sapphire Preferred® Card

(9 reviews)

Current Offer
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 Ultimate Rewards®. Plus earn a $50 statement credit towards grocery store purchases.
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on Chase's secure site

  • 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • 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
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards
  • $95
  • Excellent/Good
Product Details
  • Click "APPLY NOW" to apply online
  • 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 Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.

Our Expert Review

Why We Like It


Offer Rating

5/ 5

By Our Editorial Team

Key Benefit

Enjoy a breathtaking sign up bonus of 60,000 bonus points, worth $750 in travel, and enjoy flexible redemptions

Compare Credit logomarkEditor

Anyone looking for a travel rewards credit card needs to take a close look at the Chase Sapphire Preferred® Card. This card has long a consumer favorite thanks to its flexible rewards program and long list of perks and benefits. There is an annual fee of $95, but that is on the lower end compared to other travel cards, especially when you consider all the added value that is packed into this credit card

For starters, new cardholders will enjoy a big sign up bonus: 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 Ultimate Rewards®. Plus earn a $50 statement credit towards grocery store purchases. With Chase's powerful travel redemption portal, that bonus is worth $750 toward travel! For ongoing rewards, the Chase Sapphire Preferred® Card earns 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. Also, there's no foreign transaction fees which makes this card a great choice when traveling outside of the country.

What makes this card stand out if the flexibility in terms of how you can redeem your points. You can earn 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, but you also have the option of transferring your points directly to a number of airline frequent flyer programs and hotel loyalty accounts. A few of the transfer partners include Southwest Airlines, United Airlines, Marriott, and Hyatt hotels. All in all, this card offers lucrative rewards, flexible redemptions and a long list of perks and benefits for a low annual fee.

Pros & Cons

Pros

  • Big sign up bonus to kick-start your rewards earning
  • Flexible redemption options to stretch your points even further
  • No limit on the number of points you can earn and points don't expire

Cons

  • The annual fee is not waived the first year
  • The spending threshold to earn the sign up bonus is a bit higher than some other cards

Pros Explained

  • Big sign up bonus to kick-start your rewards earning: 60,000 bonus points are worth $750 toward travel when you redeem through Chase Ultimate Rewards® – that's a sizable incentive compared to the low annual fee
  • Flexible redemption options to stretch your points even further: You can use the Chase portal to redeem points for purchases with any airline or hotel, or transfer your points directly to a number of popular frequent flyer or hotel loyalty programs.
  • No limit on the number of points you can earn and points don't expire: Many cards have and expiration on points or quarterly or yearly caps on the number of points you can earn in bonus categories – not the Chase Sapphire Preferred.

Cons Explained

  • The annual fee is not waived the first year: Some cards with annual fee will offer to waive the annual fee during the first year of cardmembership.
  • The spending threshold to earn the sign up bonus is a bit higher than some other cards: Some consumers may find it difficult to spend the full amount required to meet the minimum spending threshold for the sign up bonus.

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