Chase Sapphire Preferred® Card
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- Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card Review
Perfect for frequent flyers or for 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.
Editor
Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
on Chase's secure site
- Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, 3x on vacation homes, 3x on gas & EV charging, 3x on top streaming services and 3x online groceries (excluding Walmart, Target, and wholesale clubs), 2x on all other travel purchases, 1x on all other purchases.
- Earn up to $100 in statement credits each account anniversary year for hotel stays through Chase Travel.
- $95
- Excellent, Good
Our Expert Review
Why We Like It
Offer Rating
4.5/ 5
By Our Content Team
Anyone looking for a travel rewards credit card needs to take a close look at the Chase Sapphire Preferred® Card. This card has long been 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 can enjoy a big sign up bonus: Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. For ongoing rewards, the Chase Sapphire Preferred® Card earns 5x on travel purchased through Chase Travel℠, 3x on dining, 3x on vacation homes, 3x on gas & EV charging, 3x on top streaming services and 3x online groceries (excluding Walmart, Target, and wholesale clubs), 2x on all other travel purchases, 1x on all other purchases. Also, there are no foreign transaction fees which makes this card a great choice when traveling outside of the country.
What makes this card stand out is its flexibility in terms of how you can redeem your points, with the option of transferring points directly to leading airline and hotel loyalty programs. A few of the transfer partners include Southwest Airlines, United Airlines, Marriott, and Hyatt hotels. Plus, you can earn up to $100 in statement credits each account anniversary year for hotel stays through Chase Travel. 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 kickstart 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 kickstart your rewards earning: Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening – that's a sizable incentive when 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 leading airline and hotel loyalty programs.
- No limit on the number of points you can earn and points don't expire: Many cards have an expiration on points or quarterly or yearly caps on the number of points you can earn in bonus categories – not the Chase Sapphire Preferred® Card.
Cons Explained
- The annual fee is not waived the first year: Some cards with an annual fee will offer to waive the annual fee during the first year of card membership.
- 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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