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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

 

Rated 4/5 stars by our editorial team

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Your Rating:

3.8/5.0 from 523 Offer Ratings
Over the Past 60 Days!

(523 ) Over the Past 60 Days!

  • Regular Purchase APR 17.49% - 24.49% Variable
  • Intro Purchase APR N/A
  • Intro BT APR N/A
  • Annual Fee $0 Intro for the First Year, then $95
  • Credit Needed

    Excellent

  • Card Brand Visa®

Highlights

Card Fees

Expert Review of the Chase Sapphire Preferred® Card

  • 3.5

    Regular APR

  • 2.5

    Intro APR

  • 4.0

    Fees

  • 4.5

    Benefits

  • star rating 4.0 /5

    Overall Rating

Who the card is best for

The Chase Sapphire Preferred® Card is great for frequent travelers who want to get the most value for their points. The fact that you can earn 25% more in travel redemption value by redeeming rewards through the Chase Ultimate Rewards® portal is a unique way for you to maximize points. If you are a member of select frequent travel programs, you can benefit from a 1:1 point transfer. This allows you to accumulate points with your prospective program at a faster rate.

This card is targeted towards travelers, and therefore may not be a good option if you don’t travel often since you won’t earn the highest rate on everyday purchases. Also, since there is an annual fee of $0 intro for the first year, then $95, people who want a no-fee card should look to other travel cards that may not have an annual fee.

Where this card stands out in its category

This card has a great perk for cardholders who redeem for eligible travel at Chase Ultimate Rewards®. You get 25% more value when redeeming this way and can redeem for various travel purchases such as airfare and hotels. This can get you closer to covering the the cost of a flight (or other eligible travel purchase) with only points.

Where this card falls short in its category

This card has an annual fee: $0 intro for the first year, then $95. While it isn’t as high as some other travel cards that go up to $550, you can find other travel cards that don’t have an annual fee such as the Discover it® Miles, or even travel cards that have an annual fee but offer a rewards program that is more suited towards your spending habits.

Additional card benefits

The Chase Sapphire Preferred® Card offers many additional perks to benefit travelers:

  • 24/7 Customer Service: No matter where you are, you can access 24/7 customer representatives.
  • 1:1 transfer of points to partner frequent travel programs: For select frequent travel programs, you can transfer your points at a 1:1 rate. Participants currently include: British Airways Executive Club, Flying Blue AIR FRANCE KLM, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MileagePlus®, Virgin Atlantic Flying Club, IHG® Rewards Club, Marriott Rewards®, The Ritz-Carlton Rewards® and World of Hyatt.
  • 25% more in travel redemption: When you redeem your points for travel via Chase Ultimate Rewards®, you receive 25% more value. So, 50,000 points would be equal to $625 towards eligible travel including hotel, airfare, car rentals, and cruises.
  • Trip cancellation/trip interruption insurance: Pre-paid, non-refundable travel expenses such as passenger fares, tours and hotels can potentially be reimbursed up to $10,000 per trip when cancelled for select covered situations like sickness and severe weather.
  • Travel and emergency assistance services: If an issues arises when you travel, call a Benefit Administrator for legal and medical referrals and other issues.

How to use the card most effectively

To benefit the most from the Chase Sapphire Preferred® Card, use it for all dining and travel spending since you earn the highest rewards rate on those purchases — 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. When traveling abroad, be sure to use this card since the foreign transaction fee is $0.

You get the most value for your points when you redeem via Chase Ultimate Rewards®. Receive 25% more value when you redeem points for travel this way, which is a great perk. Take advantage of the bonus and meet the requirements: earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Rewards breakdown

The Chase Sapphire Preferred® Card offers 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Points can be redeemed for travel, cash, gift cards and more. When redeemed for cash, 1 point equals $.01. When points are redeemed for travel via Chase Ultimate Rewards®, you earn 25% more — therefore, 1 point equals $.0125. Eligible redemption options with Chase Ultimate Rewards® include airfare, hotels, car rentals, and more.

You can also transfer points to participating frequent travel programs on a 1:1 rate. This means that 1 point with your Chase Sapphire Preferred® Card equals 1 point with a participating partner. The current partners are: British Airways Executive Club, Flying Blue AIR FRANCE KLM, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MileagePlus®, Virgin Atlantic Flying Club, IHG® Rewards Club, Marriott Rewards®, The Ritz-Carlton Rewards® and World of Hyatt.

There is a bonus where you can earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Compare it with the Capital One® Venture® Rewards Credit Card

The Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card are both travel cards with similar features. Both cards have an annual fee: Capital One® Venture® Rewards Credit Card at $0 intro for first year; $95 after that, Chase Sapphire Preferred® Card at $0 intro for the first year, then $95.

However, they differ in rewards rates: Chase Sapphire Preferred® Card offers 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases meanwhile Capital One® Venture® Rewards Credit Card offers a great flat-rate of 2 Miles per dollar on every purchase, every day. If you want to earn a consistent rate on all purchases, the Capital One® Venture® Rewards Credit Card may be a good choice. But, take note that you have more redemption options with the Chase Sapphire Preferred® Card, which allows you to transfer points to eligible frequent travel programs and earn 25% more in travel redemptions via Chase Ultimate Rewards®.

Ultimately, your decision depends on your spending habits and how you want to redeem your rewards.

Here are the key features of each card:

  Chase Sapphire Preferred® Card Capital One® Venture® Rewards Credit Card
Annual Fee $0 Intro for the First Year, then $95 $0 intro for first year; $95 after that
Purchase Intro Rate N/A N/A
Balance Transfer Fee $0 $0
Regular Purchase APR 17.49% - 24.49% Variable 14.49% - 24.49% (Variable)
Rewards 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases 2 Miles per dollar on every purchase, every day
Sign Up Bonus Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. One-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
Foreign Transaction Fee $0 None

Bottom Line

The Chase Sapphire Preferred® Card is a great option for frequent travelers who want to maximize the value of their points. The 25% more in travel redemption you receive when redeeming at Chase Ultimate Rewards® is one of many ways you can see increased benefits with this card.

Editorial Disclaimer: This content is not provided by the bank advertiser. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer's Affiliate Program.

Ongoing Information

Additional Card Details

Consumer Reviews

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Offer Rating

3.8/5.0

523 Total Ratings

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(29)
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(12)

Your Rating

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+510 users submitted a rating without a full review

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4 Found this review helpful

By: | Feb 12, 2018

How can you beat this card! $500 in cash or $625 in travel. Best deal I've found!

14 Found this review helpful

By: | Dec 13, 2017

I am very pleased with this card. I wanted to find a card that will fit my love for travel and this card is it. And the rental car feature is also amazing .

20 Found this review helpful

By: | Oct 26, 2017

This is my “go to” card for travel. Using Chase Travel Service takes the work out of reservations- they handle everything and give great points back - you can use points on almost all airlines. Get it!

19 Found this review helpful

By: | Sep 14, 2017

This card is great for rewards.

144 Found this review helpful

By: | Oct 14, 2016

This card is great for rewards. Chase transfers to many travel partners and you can also book travel directly through chase and get a 20% bonus on your points. The customer service is always top notch and quick to fix any issues. I also love the way teh card looks it is made of some kind of metal and doesn't bend or break easily.

153 Found this review helpful

By: | Apr 28, 2016

This card is great for rewards...you can do cash back, credit on your account, gift cards travel benefits rental cars hotels and more!! The fee is a bit much however the rental car benefits are great as it completely covers your car in case of an accident.. The customer service is great and you never have a long wait when you call. Would definitely recommend. The steel outside of the card is kind of cool as it is very sturdy and wont fall apart in your wallet. All in all a great card!!

162 Found this review helpful

By: | Feb 14, 2016

Big fan of this card. The 1:1 transfer rate to airlines miles is very nice. It saves me from getting a card with that airline. Most major airlines are applicable. I also like that points roll over so I can bank them. They will wave the annual fee if you are military. Only issue with that is that they make you prove it every year.

1 Reply

By: Celtic Dority | Jun 3, 2016

Can the miles be used on Spirit airlines?

147 Found this review helpful

By: | Nov 21, 2015

This is my most favorite card! My "go to" card! Love it! 2 points on every dining from restaurants to fast food plus all the travel perks that one can only hope for! I was re-imbursed for a lost ipad from one trip. Within an instant I was notified of fraudulent activity on acc't. Replaced within a week. Pleasant and efficient customer service! Can't say enough about it! Not to mention the oo's and ahh's I get when I present this card for purchases!

138 Found this review helpful

By: | Oct 10, 2014

I love this credit card!

151 Found this review helpful

By: | Oct 7, 2014

This is an excellent card. You actually get awarded for using it. You earn 1 point for each $1 of Net Purchases. You can also earn an additional 1 point for each $1 when you use this card at a restaurant. It also offers us Zero liability. We have owned this card for approximately 6 months already.

131 Found this review helpful

By: | Oct 7, 2014

heard this is a great card

142 Found this review helpful

By: | Sep 22, 2014

Excellent card, I spent $3000 in a month and I received my bonus point in a week

160 Found this review helpful

By: | Sep 22, 2014

$500 for nothing after signing up and spending ~3000$/ in 3 months. Awesome. And no foreign transaction fees.

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