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Chase Sapphire Preferred® Card

Rates and Fees

👉 Click to Learn More

Annual Fee: $95

Bonus Miles
Bonus Points
60,000
Recommended Credit
670 - 850
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 Travel℠.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool
60,000
Bonus Points

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℠.

Summary

The Chase Sapphire Preferred® Card is one of our favorite cards! Ultimate Reward points are extremely valuable given their flexibility and ability to make an award booking. The points are worth more when redeemed through the Chase Travel Portal, at 1.25 cents each, so your 60,000 bonus points are actually worth $750 in free travel! You can also transfer your points at a 1:1 ratio to a handful of transfer partners (airlines and hotels) for continued travel benefits—and this is probably our favorite way to use Chase points to maximize their value.

If you're still not convinced why this is the king of all travel cards, or you just want more details about its lucrative perks and benefits, we have an entire resource that gives you NINE reasons why this card should be in your wallet!

Earning Rewards

[.redeem] 5x [.redeem]per $1 on Chase TravelSM purchases and qualifying Lyft rides (through 03/2025)

[.redeem] 3x [.redeem]per $1 on dining, select streaming services, and online grocery (excluding Target, Walmart, and wholesale clubs)

[.redeem] 3x [.redeem]per $1 on select streaming services

[.redeem] 2x [.redeem]per $1 on travel purchases

[.redeem] 1x [.redeem]per $1 on all other purchases

Additional Benefits

  • 10% anniversary points bonus (earn 10% of your total spend in points) each account anniversary year
  • $50 statement credit for hotel stays booked through Chase TravelSM every year
  • DashPass membership (12 months free for DoorDash and Caviar if activated by 12/31/2024)
  • Instacart+ membership (6 months free if activated by 7/31/2024)
  • 5X or 10X points on Peloton purchases over $150 (through 03/2025)
  • 10% points bonus on your total spending each year
  • Travel insurance such as primary rental car coverage, trip delay and cancellation insurance, baggage delay insurance, lost luggage reimbursement, purchase protection, and extended warranty protection

And, your points don't expire as long as your account is open.

Foreign Transaction Fee

  • None

Also consider

Best for 2X on Everyday Spending

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Best for 2X on Everyday Spending

75,000
Bonus Miles
Earn 75,000 bonus miles after spending $4,000 in the first 3 months of account opening.
75,000
Bonus Miles
Earn 75,000 bonus miles after spending $4,000 in the first 3 months of account opening.
The Capital One Venture Rewards credit card offers users a flexible and rewarding travel credit card experience with miles that can be redeemed for a variety of travel expenses.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🏆 Best for restaurants

American Express® Gold Card

American Express® Gold Card

American Express® Gold Card

🏆 Best for restaurants

60,000
Bonus Points
Earn 60,000 Membership Rewards points after spending $6,000 in the first 6 months of Card Membership.
60,000
Bonus Points
Earn 60,000 Membership Rewards points after spending $6,000 in the first 6 months of Card Membership.
The American Express Gold Card is a premium card that offers lucrative rewards for dining at U.S. restaurants and U.S. supermarkets, along with valuable travel benefits, making it an excellent choice for foodies and frequent travelers. While it does come with an annual fee, the card's combination of rewards and perks can provide substantial value to those who frequently dine out and travel.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🏆 Best Chase Welcome Offer

Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

🏆 Best Chase Welcome Offer

120,000
Bonus Points
ELEVATED OFFER
Earn 120,000 bonus points after spending $8,000 in the first 3 months from account opening. That's $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠.
120,000
Bonus Points
Earn 120,000 bonus points after spending $8,000 in the first 3 months from account opening. That's $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠.
The Ink Business Preferred® Credit Card is a premier choice for small business owners seeking rewards and travel benefits. This card offers generous points on business expenses, including travel and advertising, and provides other valuable perks such as flexible redemption options, making it a top pick for those looking to maximize their business spending.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

Chase Sapphire Preferred® Card

CURRENT OFFER

60,000

Bonus Points

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℠.

REWARDS RATE
1 - 5x points
ANNUAL FEE
$95
Our Score
91
Annual fee (20%)
8
Welcome Offer (20%)
7
Point Redemption Value (20%)
10
Rewards Rates (15%)
8
Benefits (15%)
7
Travel Protections (10%)
10
Our Mission
Our Methodology

My Take

I’ve had the Chase Sapphire Preferred® Card for several years (in fact, I just received the card and its welcome offer for a second time!), and I can honestly tell you its benefits and flexibility make it one of the most consistent cards on the market, making it ideal for travel newbies and experts alike. And in case you missed it, the Sapphire Preferred has a welcome bonus offer of 60,000 Chase Ultimate Rewards points if you spend $4,000 in the first three months. These points are worth $750 in free travel when redeemed through Chase TravelSM, but you can get even more value by using Chase's transfer partners (more on that later).

Every single person on our team either owns the Sapphire Preferred or has in the past. Not only does its current welcome offer add value, but its everyday perks are just too good to pass up. If you’re looking to get started in the miles and points game, having the Sapphire Preferred in your wallet is simply a no-brainer. Not to mention…it’s a really cheap card. From personal experience, this card has been the gateway to some pretty sweet trips and award redemptions, all while paying a very small annual fee.

We love this card so much that we have an entire YouTube video dedicated to its awesomeness. Check it out here 👇

Comparable Cards

American Express® Gold Card

Annual Fee: $250

Rates & Fees
|
Terms Apply
WELCOME OFFER
60,000
Bonus Points
OUR SCORE
86

Ink Business Preferred® Credit Card

Annual Fee: $95

Rates & Fees
|
Terms Apply
WELCOME OFFER
120,000
Bonus Points
OUR SCORE
92

Capital One Venture Rewards Credit Card

Annual Fee: $95

Rates & Fees
|
Terms Apply
WELCOME OFFER
75,000
Bonus Miles
OUR SCORE
91

Pros & Cons

Pros

[.pro]Ultimate Rewards points are extremely valuable given their flexibility for award bookings.[.pro]

[.pro]Your 60,000 bonus points are worth over $750 in free travel![.pro]

[.pro]You can also transfer your points at a 1:1 ratio to a handful of transfer partners —and this is probably our favorite way to use Chase points to maximize their value.[.pro]

Cons

[.con]This card does come with a $95 annual fee[.con]

Rewards Summary

[.redeem] 5x [.redeem]per $1 on Chase TravelSM purchases and qualifying Lyft rides (through 03/2025)

[.redeem] 3x [.redeem]per $1 on dining, select streaming services, and online grocery (excluding Target, Walmart, and wholesale clubs)

[.redeem] 3x [.redeem]per $1 on select streaming services

[.redeem] 2x [.redeem]per $1 on travel purchases

[.redeem] 1x [.redeem]per $1 on all other purchases

Additional Benefits

  • 10% anniversary points bonus (earn 10% of your total spend in points) each account anniversary year
  • $50 statement credit for hotel stays booked through Chase TravelSM every year
  • DashPass membership (12 months free for DoorDash and Caviar if activated by 12/31/2024)
  • Instacart+ membership (6 months free if activated by 7/31/2024)
  • 5X or 10X points on Peloton purchases over $150 (through 03/2025)
  • 10% points bonus on your total spending each year
  • Travel insurance such as primary rental car coverage, trip delay and cancellation insurance, baggage delay insurance, lost luggage reimbursement, purchase protection, and extended warranty protection

And, your points don't expire as long as your account is open.

Customer Reviews & Redemptions

WRITE A REVIEW
John
7 Jun

We both got the Chase Sapphire Preferred to start our miles and points journey and used the welcome offer for a trip to the Maldives in Qatar QSuites, including several hours in the fantastic lounge in Doha. I am not sure we will ever be able to travel in economy again! I recommend the CSP as the first card to all my friends and clients that are interested in miles and points.

KEEP READING

How to make the most of your

Chase Sapphire Preferred® Card

When it comes to Chase Ultimate Rewards, the best way to maximize your points is to redeem them with travel.

[.dontreco]We don’t recommend: Turning your points into cash-back[.dontreco]

While you can redeem your points for cash back or gift cards at a rate of 1 cent per point, or use Chase's Pay Yourself Back option, it simply doesn’t provide the best value.

[.sometimesreco]We sometimes recommend: Using the Chase Travel Portal[.sometimesreco]

You can redeem your points for flights, hotel stays, and car rentals through Chase TravelSM all at a fixed rate of 1.25 cents per point. While this is a decent option, it’s still not the best.

[.alwaysreco]We always recommend: Using transfer partners to stretch your points.[.alwaysreco]

The bottom line is — if a flight or hotel room can be bought with cash, you can use your points to book it. Transferring your Chase points can score you more than 1.25 cents per point by moving rewards to Chase's 14 amaaaazing airline and hotel partners.

[.favhotels]Our favorite hotels to book with this card[.favhotels]

Chase has three primary hotel transfer partners:

  1. Hyatt (World of Hyatt): Generally considered the best value for Chase points. Hyatt's award chart often requires fewer points for free nights compared to other hotel chains. They also offer a wide range of properties from budget-friendly to luxury options.
  2. Marriott Bonvoy: While Marriott properties can be more expensive in terms of points per night, they have a vast network of hotels globally, providing a lot of flexibility in terms of location and availability.
  3. IHG Rewards Club: IHG offers a good variety of hotels, including budget options and luxury properties. Their points requirements can vary, but they often run promotions that can make transferring points to IHG a good deal.

For most travelers, Hyatt tends to offer the best value due to its lower points requirements and high-quality properties. However, if you need more flexibility, Marriott Bonvoy and IHG Rewards Club are also strong choices.

[.favairlines]Our favorite airlines to fly with this card[.favairlines]

Here are the primary Chase airline transfer partners:

  1. Air France/KLM Flying Blue: Offers monthly Promo Awards that can provide significant savings on select routes. Good for travel to Europe and beyond with SkyTeam partners.
  2. Virgin Atlantic Flying Club: Can offer excellent value for flights on Virgin Atlantic and partner airlines like Delta and ANA, especially for premium cabin redemptions.
  3. Emirates Skywards: Good for booking flights on Emirates, particularly in premium cabins. Can also be used for JetBlue flights within the U.S.

How Do I Transfer My Points?

Transferring your Chase points is a super simple process. Simply log in to your Chase account and click on “points” in the top right corner. Then, you’ll see three dots on the top of the screen. Click those and select “transfer points to partners.” From there, you’ll be able to view any bonuses and available transfer options.

Let the travel commence!

Transfer Partners

Oh yeah, did we mention the Chase Sapphire Preferred has possibly the best list of transfer partners in the world?

In case you need convincing, here’s that list:

PROGRAM NAME
TRANSFER RATIO

Aer Lingus

1:1

Air Canada

1:1

Air France / KLM

1:1

British Airways

1:1

Emirates

1:1

IHG One Rewards

1:1

Iberia

1:1

JetBlue

1:1

Marriott Bonvoy

1:1

Singapore Airlines

1:1

Southwest Airlines

1:1

United Airlines

1:1

Virgin Atlantic

1:1

World of Hyatt

1:1

Our Favorite Redemptions

Unless you’re new around here (welcome, btw 😊), you may remember when Kara and Nate paid only $270 for Air France Business Class to fly all the way from Tahiti to Los Angeles.

If not, I’ll drop that video here:

What if I told you that you could use your Chase Sapphire Preferred to make the same redemption? Chase points transfer at a 1:1 ratio to Air France’s reward program, Flying Blue, making Air France and KLM bookings extremely easy. And I know…flying business may seem super out of reach, but humor me for a second. If you earned your Sapphire Preferred elevated welcome offer and used your card for only groceries and eating out for a year, you’d be sitting on about 158,400 points (which is more than enough to book a business seat).

Or, you could simply fly economy and stretch your miles for all kinds of fun trips. The options really are endless with the Sapphire Preferred.

Offer History

OFFER DATES
OFFER DETAILS
November 2020
through
Mar 2021
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
March 2021
through
Jun 2021
Earn 80,000 bonus points after spending $4,000 in the first three months of account opening. Plus, earn a $50 statement credit on grocery store purchases.
June 2021
through
Oct 2021
Earn 100,000 bonus points after spending $4,000 in the first three months of account opening.
October 2021
through
Apr 2022
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
April 2022
through
May 2022
Earn 80,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
June 2022
through
Mar 2023
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
April 2023
through
May 2023
Earn 80,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
May 2023
through
May 2024
Earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
May 2024
through
Jun 2024
Earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.

The Best Complementary Cards

Capital One Venture X Rewards Credit Card

The Venture X comes with Priority Pass and access to Capital One Lounges, which speaks for itself, considering the Sapphire Preferred does not offer any lounge access. Plus, you’ll have the ability to transfer miles to a variety of airline and hotel programs, many of which don’t overlap with Chase’s partners. Some of those partners include Wyndham Rewards, Turkish Airlines, Qantas, and Choice Privileges, along with shared partners like British Airways and Avianca LifeMiles.

You’ll also receive up to a $100 credit for Global Entry or TSA PreCheck and earn unlimited 2x miles on every purchase compared to the Sapphire Preferred’s 1x points per purchase. Needless to say, this pairing accelerates your earning potential across multiple loyalty programs. As if things couldn’t get better, you can earn up to 75,000 miles as a welcome offer, which can be redeemed for statement credits toward nearly any travel purchase.

Chase Freedom Unlimited®

Why? If you’re not interested in having another card with an annual fee but want to earn better reward rates in different categories, the Chase Freedom Unlimited is your guy.

Not only are you earning unlimited cash-back (with an additional 1.5% cash back on up to $20,000 spent in the first year) but you can transfer that cash into Ultimate Rewards Points through Chase.

Pairing the two is a smart move because it earns 1.5% on all purchases, as opposed to the Sapphire Preferred's 1x point per dollar on non-bonus categories. And for frequent travelers, the Freedom Unlimited also offers up to $100 in Global Entry or TSA PreCheck fee credit.

So here you have a match made in heaven — the Sapphire Preferred with its transfer partners and the Freedom Unlimited covering everyday purchases.

Preferred vs. Reserve

In case you didn’t know, Chase forces travelers to make Sophie’s Choice when it comes to these two cards. While we tend to recommend the little brother, there’s still something to be said about the Chase Sapphire Reserve®.

When comparing the two, there are a few things to consider:

CHASE SAPPHIRE PREFERRED CHASE SAPPHIRE RESERVE
Annual Fee
$95
Annual Fee
$550
Welcome Offer
60,000 bonus points after spending $4,000 within the first 3 months of account opening
Welcome Offer
60,000 bonus points after spending $4,000 within the first 3 months of account opening
Earnings
- 5X per $1 on travel purchased through Chase Ultimate Rewards®
- 3x points on dining, including eligible delivery services, takeout, and dining out
- 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
-3X on select streaming services
- 2x points on travel purchases
- 1x pointson all other purchases
Earnings
- 10X per $1 on hotels and car rentals through Chase after the first $300 is spent on travel purchases annually
- 10x points on Lyft rides (ending March 31, 2025)
- 5x points on flights purchased through Chase (after the $300 travel credit is used)
-3X on travel (after the $300 travel credit is used) and dining purchases
- 3x pointson dining at restaurants, including eligible delivery services, takeout, and dining out
- 1x pointson all streaming services, online grocery purchases, and all other purchases
Points Value
1.25 cents each
Points Value
1.5 cents each
Lounge Access
None
Lounge Access
Priority Pass Membership

While it might not seem like we’re giving you a clear answer as to which card is better, the truth is — it depends. If you want to hear this comparison further broken down, Brendan does a fantastic job showing these card benefits side-by-side. Check it out 👇

Who Should Get The

Chase Sapphire Preferred® Card

?

1. The Miles and Points Beginner

Are you just getting started with the miles and points game? At Daily Drop, we’re always going to recommend the Chase Sapphire Preferred as a starter card. Not only does it have a manageable annual fee, but its earning on everyday spending is top tier.

Here’s some fun math for you: The average American household spends $475.25 per month on groceries, according to the latest data from the U.S. Bureau of Labor Statistics. Using the Sapphire Preferred for three months of grocery deliveries would grant you about 4,277 points. Americans spend around $300 per month on dining out, which would give you about 2,700 points. This means you'd be over two-thirds of the way to meeting your minimum spend requirement and would have earned nearly 7,000 points just from groceries and dining out. So yeah, if you’re ready to step up from cash-back beginner cards and start earning super-duper-fantastical Chase Ultimate Rewards points on everyday purchases, the Sapphire Preferred is the way to go.

2. The Frequent Traveler

The Chase Sapphire Preferred is what we call a “keeper card.” Do you find yourself flying through the air quite often? Our team can certainly relate, which is why we choose to keep this magical piece of metal closeby. Just to get your creative juices flowing, our fearless leader, Mike, booked a 9-week adventure across Mongolia, China, Laos, Thailand, and Indonesia (with a quick stop in London) all with his Sapphire Preferred.

How the heck did you he do that, you ask? He would tell you it was easy thanks to one powerful card that covered every single flight, hotel, and activity. For example, he transferred points to Marriott, IHG, United, and Aeroplan, and by doing so, his entire 9-week trip was possible with one card, which has an annual fee under $100 — pretty incredible!

3. The Twice-a-Year Traveller

Let’s face it — we can’t all travel around the world hopping from hotel to hotel (as much as we’d love to). But, we can maximize PTO for some pretty incredible trips.

And when it comes time to book said trips, it’d be reeaaaal nice to have the Sapphire Preferred handy. Remember that math we just did? Let’s say you’re spending that same amount on grocery deliveries and eating out each month. By the end of the year, you’re looking at 83,400 points (and that’s without the welcome offer). Tack that on, and you’ve got 158,400 points…woah. If you only traveled twice a year, you could easily stretch those points for multiple trips, making the Chase Sapphire Preferred worth keeping around, wouldn’t you say?

Who Should Not Get The

Chase Sapphire Preferred® Card

?

Here’s a good rule of thumb:

You probably shouldn’t own a credit card if you: (1) have a bad credit score, (2) are a non-U.S. resident (for this particular card), and (3) cannot control your spending.

If your credit score is below 700, you'll need to improve it before applying for travel credit cards, as approval for the best ones, like the Sapphire Preferred, is unlikely.

Be honest with yourself: if a new credit card will tempt you to overspend, it's best to avoid it. Credit cards are crucial for earning miles and points, but they require responsible use.

Frequently Asked Questions

What credit score do you need for Chase Sapphire Preferred?

Typically speaking, you need to have good to excellent credit to be approved.

In other words, you’d need 690 or higher. While it isn’t typical of Chase to give this card to someone with zero credit history, it’s also not impossible.

What airlines partner with Chase Sapphire?

One of the greatest reasons to hold onto this card is its plethora of transfer partners.

Seriously…the list is insane (and it’s too much to include here). Click the link to see the full list.

Why is the Chase Sapphire Preferred so popular?

With this card, you’re looking at 5x points on travel booked through Chase Travel℠, 3x points on dining, select streaming services, and online groceries, 2x points on other travel purchases, 1x points on everything else, and a $50 annual Chase Travel Hotel Credit, plus more. So yeah…lots to be excited about.

Which is better, the Sapphire Reserve or Preferred?

The Chase Sapphire Reserve has a higher annual fee than the Chase Sapphire Preferred, but it offers some premium travel perks.

If you want a full comparison between the two, check out our deep dive here.

Is it hard to get the Chase Sapphire Preferred?

Typically speaking, you need to have good to excellent credit to be approved.

That being said, consider applying anyway (even if this is your first credit card). The reconsideration line is always there as a backup.

Is the Chase Sapphire Preferred worth getting?

The Chase Sapphire Preferred is perfect for travelers looking to get the most out of their flights and enter the miles and points game.

It offers great travel perks and a solid rewards program, letting you earn up to five points per dollar on travel purchases and three points per dollar on dining.

Authors

Written by: McKay Moffitt

Content Specialist

Edited by: Tiffany Eastham

Writer & Editor

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