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The Chase Sapphire Preferred® is a popular travel rewards credit card, great for paying for vacations inside or outside the country.
You’ll get 2 points per dollar on travel and at restaurants, and the chance to earn a whole lot of bonus points. There’s no annual fee for the first year, and no fee for foreign transactions.
Frequent travelers will get the most out of the Sapphire Preferred. If you don’t travel very often, you’ll probably be better off with a basic reward credit card.
This card is made of metal, which means it can make quite the impression when you drop it on the counter. In some cases, however, it can get stuck in certain readers; if you’re worried about this, you can order a plastic version from customer service.
Read on to learn more, and to see if the Sapphire Preferred might a good credit card for you.
For People with
- Annual Fee: $95 - Waived first year
- Interest Rate: 16.74%–23.74% Variable
Quick Card Facts
- Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $625 in travel when you redeem through Chase Ultimate Rewards®
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus chip-enabled for enhanced security and wider acceptance
- 1:1 point transfer to leading frequent travel programs at full value - that means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points
- Premium Travel and Purchase Protection Benefits, including Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Purchase Protection and more
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95
The information for Chase Sapphire Preferred® Card has been collected independently by Ibis Consultants. The card details on this page have not been reviewed or provided by the card issuer.
- 2 points for every $1 spent on travel and dining at restaurants
- 1 point for every $1 spent on all other purchases
- 50,000 bonus points when you spend $4,000 in the first 3 months, which is the equivalent of $625 when redeemed through Chase Ultimate Rewards®
- 5,000 points if you make a purchase and add an additional authorized user to your account within the first 3 months
- 20% off travel when you redeem points for airfare, hotel stays, car rentals and cruises through Chase Ultimate Rewards
You can transfer your points to a number of different frequent flyers programs:
|Frequent Flyer Programs|
|Southwest Airlines Rapid Rewards®||United Mileage Plus®||Virgin Atlantic Flying Club|
|British Airways Executive Club||Korean Air SKYPASS||Hyatt Gold Passport®|
|Singapore Airlines KrisFlyer||The Ritz-Carlton Rewards®||IHG® Rewards Club|
If you cancel your Chase Sapphire Preferred card, be sure to transfer out the points you’ve accumulated through Chase Ultimate Rewards so you can still make use of them. If you have another Chase credit card that comes with Chase Ultimate Rewards you can transfer your points to that card.
Be sure to check your card’s Guide to Benefits for details on the exact benefits you have, and how to make use of them.
- No Blackout Dates or Restrictions: As long as you can find a seat on the flight, you will be able to book it using Chase Ultimate Rewards.
- Exclusive Sapphire℠ Events and Experiences: Special travel and event opportunities for cardholders.
- Chase Blueprint: Tools and design plans to help you manage your account.
- Year-End Summary: An organized way to see the previous year’s transactions by purchase type, allowing you to track spending and file tax returns more easily.
- Fraud Protection: You will not be held responsible for unauthorized use of your card.
- Chip-and-Signature Technology: This card has EMV technology for added security when making purchases. You can find more information on EMV technology here »
- Purchase Protection: Provides coverage on eligible items for 120 days against theft and damage; up to $500 per incident and $50,000 per account.
- Price Protection: If you made a purchase in the U.S. that you find advertised at a cheaper price within 90 days, you can get reimbursed the difference if you contact Chase; up to $500 per item, up to $2500 per year.
- Return Protection: Store won’t take back your eligible item? No problem. Get reimbursed for eligible items purchased on your card if you make the return within 90 days of purchase; up to $500 per item, up to $1000 per year.
- Extended Warranty Protection: Register your product with Warranty Manager Service when you buy it and extend the manufacturer’s warranty by 1 year, only for warranties of 3 years or less.
- Chase Global Lifeline℠: 24/7 emergency service assistance when traveling; includes card replacement, cash access, and more.
- Trip Cancellation / Trip Interruption Insurance: If a trip is disrupted for an eligible reason, provides reimbursement up to $10,000 per trip for non-refundable costs.
- Travel and Emergency Assistance: Provides help with emergencies, including legal and medical referrals.
- Trip Delay Reimbursement: If a trip is delayed by over 12 hours, provides reimbursement for expenses like meals and lodging, up to $500 per ticket.
- Travel Accident Insurance: Accidental death or dismemberment coverage of up to $500,000 when you pay for travel by air, bus, train or cruise with your card.
- Lost Luggage Reimbursement: If checked or carry-on bags are lost or damaged, provides reimbursement up to $3,000 per passenger.
- Baggage Delay Insurance: Reimbursement for purchases such as toiletries and clothing when baggage delays go beyond 6 hours by the passenger carrier; up to $100 a day for 5 days.
- Auto Rental Collision Damage Waiver: Provides coverage against theft and collision, as long as the car rental company’s own insurance is declined.
The Costs & Fees
|Annual Fee||Regular APR||Regular Balance Transfer APR||Cash Advance APR||Foreign Transaction Fee|
|$95 - Waived first year||16.74%–23.74% Variable||16.74%–23.74% Variable||25.74% Variable||0%|
|Penalty APR||Late Fee||Returned Payment Fee|
|See Terms||Up to $37||Up to $37|
The Bottom Line
The Chase Sapphire Preferred is a great card to get shortly before a vacation, letting you use your travel spending to cash in on bonus points.
Here’s how to get your money’s worth:
It takes 50,000 points to get a $625 statement credit when points are redeemed through Chase Ultimate Rewards. To earn this many points, you could spend $4,000 on travel and dining at restaurants in the first 3 months which will earn you:
- 50,000 bonus points with the sign-up bonus
- 8,000 points at 2 points for every $1 spent on travel and dining at restaurants
- 5,000 more points if you add an authorized user
So after spending $4,000, you earn 63,000 points, enough to get a $625 statement credit and more through Chase Ultimate Rewards. And you aren’t even paying the annual fee for the first year! This an amazing reward.
Earning lots of points during the second year will be difficult. You still need to earn 50,000 points to get a $625 statement credit, but how do you do that without the sign-up bonus? You’d need to spend $25,000 on travel and dining at restaurants at 2 points for every $1 spent, which is a lot of money to spend just to get $625 back.
You may need to settle for a lesser reward. Just be sure to use the card enough so that your rewards will pay for the annual fee.
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