Edited by: Keri Stooksbury
& Kellie Jez
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Good to Excellent (670-850)
A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
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, 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. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.
For starters, the Chase Sapphire Preferred card is a workhorse when it comes to earning points on purchases that you likely spend the most on.
From travel to dining, online grocery purchases, and even streaming services, the card will help you rack up points on all of these purchases. Plus, each year, you’ll earn bonus points equal to 10% of your total purchases made the previous year.
Of course, once you’ve earned those points, Chase gives you plenty of redemption options that fit whatever you might be looking for. This includes cash-back, redeeming with a 25% bonus through the Chase travel portal or Pay Yourself Back feature, or our favorite — redeeming with one of the Chase transfer partners.
The card offers more than just the opportunity to earn and redeem points, though. Cardholders also get a $50 annual hotel statement credit when booking through Ultimate Rewards. Additionally, your card helps keep you covered when things go wrong with trip delay insurance, lost/delayed baggage insurance, rental car insurance, purchase protection, and more.
Not only is the Chase Sapphire Preferred card one of the best first credit cards, but the card often remains a long-time favorite, as it has for our Compliance Editor and Content Contributor Stella Shon, who said:
“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, compliance editor and content contributor
So, is the Chase Sapphire Preferred card worth it? If you’re looking for a card that’s great at earning points, offers flexible redemption options, and includes solid benefits and travel protections, then yes — the Chase Sapphire Preferred card would be very worth it to you!
Your card comes with quite a few benefits to keep you insured while traveling. You’ll receive:
Cardholders receive $50 in annual statement credits when they purchase a hotel stay through the Chase Ultimate Rewards portal. Unlike other credit card credits, this $50 statement credit is very easy to use and effectively brings the annual fee of the card down to just $45.
Note that we’ve seen that this credit isn’t awarded until your card anniversary for existing card members. Explore your card account to see if the credit is already available for use or when it will be applied to your account.
An Auto Rental Collision Damage Waiver (CDW) is a form of insurance that offers protection against damage or theft of your rental car. The Chase Sapphire Preferred’s car rental insurance is primary, meaning you don’t have to file a claim with any other insurance first.
This coverage applies to rentals in the U.S. and in most other countries worldwide. Your coverage extends to any additional drivers listed on your rental agreement, plus any authorized users on your card and additional drivers listed on their car rental agreements.
To activate your coverage, be sure to decline the policy offered by the car rental agency and pay for your entire rental with your card. You’ll also be earning 2x Ultimate Rewards points when renting a car!
Chase purchase protection provides reimbursement or repair for qualifying items purchased with your card in the event of theft or accidental damage. To qualify, at least part of your purchase needs to be made with your Chase Sapphire Preferred card or points from your Chase Sapphire Preferred card account.
If the item you purchased is stolen or accidentally damaged within 120 days from the date of purchase, you can receive a replacement, repair, or reimbursement for your item at the discretion of the benefits administrator.
The card’s purchase protection policy is capped at $500 per claim and $50,000 per account.
Extended warranty coverage increases the U.S. manufacturer’s warranty of an item by 1 year if the original warranty is less than 3 years. At least part of the item needs to have been purchased with your card or points in your Chase Sapphire Preferred card account.
Each claim has a $10,000 maximum, and each account has a maximum of $50,000.
The Chase Sapphire Preferred card is so popular because it combines an excellent rewards program, great bonus categories, plus solid perks and protections, all for a relatively low annual fee compared to other travel rewards credit cards. This is why it is often the first card people select when jumping into the world of points and miles!
In our view, the Chase Sapphire Preferred card can be a good fit for those new to the world of points and miles, as well as experienced pros. It really all depends on what you are looking for in a new card.
If you’re looking for a card with flexible redemption options, including access to Chase transfer partners, bonus categories for travel, dining, select streaming services, and online grocery purchases, plus perks with partners like DoorDash, Instacart, and Lyft, then the Chase Sapphire Preferred card could be the perfect fit for you.
Aside from using your Chase Sapphire Preferred card for all of your daily purchases, there are many other great ways to earn Chase Ultimate Rewards points, and our dedicated guide will show you just that!
Once you’re sitting on a nice stash of Chase Ultimate Rewards points, next is the fun part — redeeming them! While Chase gives you multiple redemption options for your points, we’ve put together an ultimate guide that covers the best ways to redeem your Chase points for maximum value.
You’ll notice when reading through our redemption guide that most of our favorite ways to redeem our Chase points are by using the Chase transfer partners to book travel experiences through programs like Air Canada Aeroplan, Air France/KLM Flying Blue, Virgin Atlantic Flying Club, and World of Hyatt.
While these redemptions require a bit more legwork, they are by far the best way to get huge value from your points — especially if you want to stay in luxury hotels and fly in first or business class cabins!
Interested in the Chase Sapphire Preferred card, but curious to learn about your other options? Check out these other offerings:
There’s a lot to love about the Capital One Venture card. With a variety of Capital One airline and hotel transfer partners and 2x miles minimum on all purchases, it’s easy to see why this is a direct competitor of the Chase Sapphire Preferred card.
If the majority of your daily 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.
The Citi Premier card is one of the few travel credit cards on the market to offer a high return on gas 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 Premier card.
We’ve also compared the Chase Sapphire Preferred card with other popular cards:
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:
You can learn more about how Upgraded Points reviews and rates credit cards.
The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture X Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Alaska Airlines Visa Signature® credit card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Bank of America® Customized Cash Rewards credit card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Bank of America® Premium Rewards® credit card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Bank of America® Travel Rewards credit card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Marriott Bonvoy Boundless® Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding The World of Hyatt Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
For rates and fees of the American Express® Gold Card, click here.
For rates and fees of the Blue Cash Everyday® from American Express, click here.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
For rates and fees of The Platinum Card® from American Express, click here.
This credit card offers great earning potential for restaurants and travel-related expenses while offering various high-value redemption options.
These include 25% flight discounts (at 1.25 cents per point), transfers to travel partners, and the ability to combine with other select Chase cards to earn even more points.
Put another way, you get 25% more value when you redeem for airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards.
This credit card earns 5x on travel purchased through Chase Ultimate Rewards, 3x on dining, and 2x on all other travel purchases. You can maximize your redemption on shopping, purchasing travel tickets through the travel portal at 25% off, or transferring to loyalty accounts of partner airlines.
The card also offers a variety of travel insurance coverage, such as travel accident, trip cancellation and interruption, auto rental, lost luggage, and trip delay insurance.
The annual fee is $95 per year.
No, there are no foreign transaction fees.
A point is worth 1 cent if you use it directly for statement credit. However, a point’s value can vary from 1 to 2 cents if transferred to airline partners and redeemed for international travel.
Yes, the card uses a proprietary blend of metal with a blue finish that creates a unique appearance. It is thicker and heavier than most of its plastic counterparts.
You’ll find higher-value redemption options with the Chase Sapphire Preferred card, but it is best to use both cards simultaneously.
The Freedom Flex card has no annual fee and offers 5% cash-back in rotating quarterly categories, plus 3% back on drugstore purchases, which is greater than what the Chase Sapphire Preferred card offers. You can combine all your points from both cards to use for valuable redemptions.
If approved for the Chase Sapphire Preferred card, your starting credit limit will be at least $5,000.
If you’re looking for a top-notch travel rewards card that earns rewards on travel and dining and offers flexible redemption options, including transfer partners and a 25% bonus or Chase travel portal redemptions, along with great travel and purchase protections, the Chase Sapphire Preferred card likely would be worth it for you.
Generally speaking, the Chase Sapphire Preferred card is not hard to get approved for. As long as you have a couple of years of clean credit history and a credit score of 670 or higher, you should have strong approval odds for the card.
With the Chase Sapphire Preferred card, you’ll earn:
Plus, the Chase Sapphire Preferred card offers a 10% anniversary bonus, which equals 10% of the total amount spent on the card in a calendar year. For instance, if you spent $15,000 on the card in a calendar year, regardless of the purchase category, you’d receive a 10% anniversary bonus of 1,500 points.
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 or not you will be approved for the card will depend on various factors like your credit score, income, years of credit history, the number of accounts recently opened, the amount of credit Chase has already extended to you, and more.