How much is 1 Chase Ultimate Rewards point worth?

A point is worth 1 cent if you use it directly for a statement credit. However, you can get a value of 1 to 2 cents when you transfer points to airline partners and redeem them for international travel.

What is the starting credit limit for the Chase Sapphire Preferred card?

If approved for the Chase Sapphire Preferred card, your starting credit limit will be at least $5,000.

Is the Chase Sapphire Preferred card worth it?

If you’re looking for a travel rewards card that earns rewards on travel and dining and offers flexible redemption options, including transfer partners and bonuses for Chase Travel redemptions, along with travel and purchase protections, the Chase Sapphire Preferred card likely would be worth it for you.

Is it hard to get approved for the Chase Sapphire Preferred card, and what do you need to qualify?

Generally, the Chase Sapphire Preferred card is not hard to get approved for. If you have a couple of years of clean credit history and a decent credit score, you should have strong odds of approval for the card. Any person with a U.S. address, a Social Security number, or an Individual Taxpayer Identification Number can apply for the Chase Sapphire Preferred card. Whether you are approved for the card depends on factors such as your credit score, income, years of credit history, the number of accounts you have recently opened, and the amount of credit Chase has already extended to you.

Chase Sapphire Preferred Card: Full Review [2026]

Updated: September 4, 2026, 5:58pm CDT

Edited by:

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BEST FIRST TRAVEL CARD

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating

4.59

Apply Now(at Chase's secure site)

Welcome Offer
Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
75,000 points
Annual Fee
$95
APR
19.24% - 27.49% Variable
Credit Recommended
Upgraded Points credit ranges are a variation of FICO^® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent

Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

U.P. Rating

4.59

Apply Now(at Chase's secure site)

Summary

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, gas, EV charging, vacation homes, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance and emergency evacuation. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Card Details

Welcome Bonus & Info

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 TravelSM, 3x on dining, 3x on vacation homes, 3x on gas & EV charging, 3x on top streaming services and 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
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Emergency Evacuation and Transportation and more
Get a year of complimentary Apple TV when activated by December 31, 2026 – a value of $156.
Complimentary DashPass which unlocks $0 delivery fees & lower service fees for 12 months when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
Receive one statement credit of up to $120 every four years as reimbursement for the application fee charged to your card for a Global Entry, TSA Precheck^® or NEXUS application.
Transfer points to leading airline and hotel loyalty programs
Member FDIC

Card Categories

Rewards Center

Chase Ultimate Rewards

Customer Service Number

800-493-3319 (Available 24/7)

Login Link

https://www.chase.com/

Pros & Cons

Pros

5x points on all travel booked via the Chase Travel portal
3x points on dining purchases, online grocery purchases (excluding Walmart, Target, and wholesale clubs), gas, EV charging, vacation homes (such as Airbnb and Vrbo), and select streaming services
2x points on all other travel worldwide
$100 Annual Chase Travel hotel credit
Complimentary access to DashPass for a minimum of one year when you activate by December 31, 2027
$120 Global Entry, TSA PreCheck, or NEXUS credit every 4 years
Complimentary 1-year Apple TV subscription when you activate by December 31, 2026
Excellent travel and car rental insurance
No foreign transaction fees
Point transfers to leading airline and hotel loyalty programs such as United MileagePlus and World of Hyatt

Cons

$95 annual fee
No elite benefits like airport lounge access or hotel elite status

Great Card If

You want a card that offers flexible redemption options.
You spend a lot on travel, online grocery purchases, gas, dining, and food delivery.
You travel frequently for work.
You’re new to the world of points and miles.

Don’t Get If

You seldom dine out and prefer cooking at home.
You don’t enjoy traveling.
You prefer a card with premium offerings, such as airport lounge access or hotel elite status.

Is It Worth It? The Short Answer

With an annual fee of $95, the Chase Sapphire Preferred card is worth it if you can easily use the $100 annual Chase Travel hotel credit, and if you spend a meaningful amount each year on travel and dining. If you don’t use the hotel credit or have meaningful dining or travel spending, you may pay for protections you rarely use.

“The Chase Sapphire Preferred card is essential to my personal life, whether at home or on the go. As a frequent traveler, I love that this rewards card earns handsomely across 2 of my largest expenses: dining and travel. It doesn’t take much to justify the $95 annual fee since that breaks down to under $8 per month — and with that cost, I get a variety of travel and purchase protections, no foreign transaction fees, and access to key travel transfer partners like World of Hyatt.”
Stella Shon, Upgraded Points senior features editor

Benefits at a Glance

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Benefit	Detail
Rewards	1x-5x pointsChase Sapphire Preferred^® Card Earn 5x points on travel purchased through Chase Travel Earn 3x points on dining Earn 3x points on select streaming services and online groceries Earn 3x points on gas and EV charging Earn 3x points on vacation homes, such as Airbnb and Vrbo Earn 2x points on all other travel purchases Earn 1x points on all other purchases
Statement credits	$100 annual Chase Travel hotel credit, up to $120 in Global Entry, TSA PreCheck, or NEXUS credit every 4 years
Points Boost redemption	Redeem points for up to 1.5x on select hotels and flights through Chase Travel (Source: Chase)
Travel insurance	Trip delay insurance, trip cancellation and interruption insurance, baggage delay insurance, lost luggage insurance, travel accident insurance, emergency evacuation and transportation
Car rental insurance	Receive primary rental car coverage
Partner perks	Get complimentary DoorDash DashPass, receive 1 year of Apple TV when activated by December 31, 2026 (Source: Chase)

Best Ways To Earn and Redeem Your Chase Points

There are numerous ways to earn Chase Ultimate Rewards points, along with great ways to redeem your Chase points for maximum value. A good way to redeem Chase points is through Chase transfer partners to book premium travel experiences with partners like Air Canada Aeroplan and Air France-KLM Flying Blue.

Alternative Cards to the Chase Sapphire Preferred Card

Capital One Venture Rewards Credit Card

With a variety of Capital One airline and hotel transfer partners and a minimum of 2x Capital One miles on all purchases, the Capital One Venture card is a direct competitor to the Chase Sapphire Preferred card. If the majority of your everyday spending comes from purchases outside of dining and travel categories, then the Capital One Venture card might be a great option for you.

For more information, check out our detailed analysis of the Chase Sapphire Preferred card vs. the Capital One Venture card.

Citi Strata Premier^® Card

The Citi Strata Premier card is one of the few travel credit cards on the market to offer a high return on gas and EV charging purchases. This makes the card an excellent choice for those who drive often for work or love taking road trips.

Review a detailed comparison in our head-to-head article on the Chase Sapphire Preferred card vs. Citi Strata Premier card.

The Chase Sapphire Preferred is one of several cards worth comparing, and reviewing the full range of Chase card options can help narrow down the right fit.

We’ve also compared the Chase Sapphire Preferred card with other popular cards:

UP’s Card Review Methodology

Every card we review is assigned a "U.P. Rating" – our star-based system that encompasses all the key details to showcase a card’s standout features, where it falls short, and how it stacks up for travelers to maximize rewards.

These ratings range from 0 to 5 stars and are determined by carefully weighing crucial factors like:

Bonus categories
Benefits and perks
Quality of associated loyalty programs
Annual fees and other costs
Size of the welcome bonus (and relative to the annual fee)
And several more

You can learn more about how Upgraded Points reviews and rates credit cards.

Chase Sapphire Preferred Card: Full Review [2026]

Chase Sapphire Preferred^® Card