Chase Sapphire Preferred® Card Review

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"The #1 Travel Rewards Card"

A fantastic travel card with a generous sign-up bonus, good benefits, and dedicated customer service for a moderate annual fee.

Apply Now (at Chase's secure site)

Chances are you’ve seen your fair share of advertisements for the Chase Sapphire Preferred® card. Perhaps you’ve seen your friends using it to pay for their meal at dinner, or overheard your coworkers mention how they use their Chase Ultimate Reward points for free flights.

So what makes the Chase Sapphire Preferred® card so special? Is it actually worth all of this hype?

The Chase Sapphire Preferred® card gives you an excellent earning rate of 2x points per $1 on all travel & dining purchases, flexible point redemption options, no foreign transaction fees, and great travel insurance coverage.

With benefits like these, it’s easy to see why this card is one of the best travel credit cards on the market and an excellent choice for any traveler.

Pro's

  • Earns 2x points per $1 on all travel and dining purchases worldwide & 1x point per dollar on all other purchases
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs like United and Hyatt
  • Points are worth 25% more when redeemed for flights, hotels, car rentals, and cruises through the Chase Ultimate Rewards Travel Portal
  • Travel Insurance & Auto Rental Insurance

Con's

  • $95 annual fee (waived the first year)
  • No elite benefits like airport lounge access or hotel elite status

Card Snapshot

The Ideal Cardholder

Woman in Santorini Greece
Redeem your Ultimate Reward points for a dream trip to Santorini. Image courtesy of Maridav via Shutterstock

Do you love exploring the world? Do you love trying your cities newest restaurants with friends? Are you new to the world of points & miles and want a card with flexible redemption options?

Then the Chase Sapphire Preferred® card could be a great card for you! With 2x points per $1 on travel and dining, you can earn more value for the money you’re already spending. With each purchase getting you closer to your next vacation.

Great Card If

  • You want a card with flexible redemption options
  • You spend a lot on travel & dining out
  • You travel frequently for work
  • You’re new to the world of points & miles
  • You frequently use rideshare services (like Uber or Lyft)

Don't Get If

Card Fees

  • Annual Fee
    • $0 Intro for the First Year, then $95
  • Foreign Transaction Fees
    None
  • Interest Rates
    • 18.24% - 25.24% Variable
  • Balance Transfers
    • 18.24% - 25.24% Variable
  • Cash Advance APR
    • 27.24% Variable

How To Earn More Points

Travel & Dining Expenses

Seeing as the bonus categories on the Chase Sapphire Preferred® card are travel and dining, you’ll want to make this card your primary options for all purchases that fall within those categories.

So what exactly counts as a “travel” purchase with Chase? You’ll be happy to know that Chase’s definition of travel is quite broad – so you’ll have plenty of opportunities to earn 2x points.

Purchases that fall within the category include:

  • airlines
  • hotels/motels (including Airbnb)
  • timeshares
  • campground
  • car rental agencies
  • cruise lines
  • travel agencies
  • discount travel sites
  • trains
  • buses
  • taxis (including Uber & Lyft)
  • limousines
  • ferries
  • toll bridges and highways
  • parking lots and garages.

Hot Tip: You can monitor each of your transactions via your online Chase account. This will allow you to be certain you’re receiving the 2x multiplier on qualified purchases — and has the additional benefit of helping you keep track of your spending.

Chase Shopping Portal

If you prefer to skip the crowds and instead do all of your shopping online then you’re in luck. With the Chase Ultimate Rewards shopping portal you can earn 2x, 5x, even 20x points per $1 spent with companies like Apple, Bose, and Nike.

Just be certain to click through the Ultimate Rewards shopping portal first before heading to your chosen website to ensure you get the bonus.

Adding Additional Ultimate Reward Earning Cards

Adding additional Ultimate Reward earning cards allows you to optimize your spending with further bonus categories. Take the Chase Freedom Unlimited®, which earns 1.5x Ultimate Reward points on all purchases.

This gives cardholders a 50% increase in points earned than the 1x earned with the Chase Sapphire Preferred® on purchases outside of the travel & dining categories.

Hot Tip: An optimal strategy, in this case, would be to use your Chase Sapphire Preferred® to earn 2x on all travel and dining purchases, and the Chase Freedom Unlimited® to earn 1.5x on all purchases falling outside of those two categories.

Interested in learning about more Chase Ultimate Reward cards? Detailed below are some of our recommended options.

Recommended Chase Cards (Personal)

Recommended Chase Cards (Business)

Bottom Line: Overall, there are many methods you can pursue to rack up the Chase Ultimate Reward points.  For even more ways to earn, check out our guide on the Best Ways to Earn Lots of Chase Ultimate Reward Points.

How To Use These Points For Max Value

Couple Smiling Walking From Airport
Strategic use of your Ultimate Reward points can help you travel like a VIP! Image courtesy of Roman Samborski via Shutterstock

When it comes to Chase Ultimate Rewards points there are six main redemption options that vary in flexibility and value.

Transferring to Airline or Hotel Partners

Chase makes it easy for you to transfer your Ultimate Reward points to a number of airline and hotels that they’ve partnered with. For the most part, these transfers happen almost instantaneously and can make for some very high-value redemptions.

If you’ve never transferred points before, or you’re new to the world of points and miles, it can seem like a daunting task. However, it’s not nearly as difficult as it may seem. With just a little extra work, utilizing transfer partners can help you get huge value from your points.

If you need some help getting started, check out our guide on Chase’s Transfer Partners and How to Use Them.

Using Points Through the Chase Ultimate Rewards Travel Portal

This method is great for travelers looking for simplicity and flexibility. With the Ultimate Rewards Travel Portal, there’s no need to worry about transfers, comparing point values, finding award space, or blackout dates.

When booking through the travel portal with your Chase Sapphire Preferred® card, your points are worth a fixed 1.25 cents per point. Meaning 50,000 Ultimate Reward points are worth $625 in travel purchases.

Through the portal, you can use your points to book flights, hotels, rental cars, cruises, and other experiences.

For those that aren’t interested in dealing with point transfers, the Ultimate Rewards Travel Portal offers a simple way to book travel while still providing good value for your points.

Redeeming for Gift Cards

You also have the option of redeeming your points for gift cards from over 150 different brands. Unless a deal or promotion is being run with a certain brand, your points are worth 1 cent per point for the gift card of your choice; meaning a $50 Starbucks gift card would cost 5,000 Ultimate Reward points.

Redeeming for Cash Back

If you’re not interested in using your points toward travel, you can easily redeem them for cash back at a fixed rate of 1 cent per point. You can use the cash back as a statement credit towards your purchases, or have the money deposited straight into your bank account.

Use Points with Amazon or Apple

If you have an Ultimate Rewards earning card linked as a payment option on your Amazon or Apple account, you’ll have the option to pay for your item using points. As with previous options, your points will be worth 1 cent per point.

Chase Experience Portal

With the Chase Experience Portal, you can use your points to book VIP access to select sports, entertainment, and dining experiences. You can purchase experiences with points or cash and point redemption options are most often at a 1 cent per point value.

Hot Tip: At Upgraded Points, we don’t recommend redeeming your points for cash-back, Amazon purchases, or any option that only earns you 1 cent per point in value. Instead, we highly recommend transferring your points to airline and hotel travel partners, so that you can use your Chase points for maximum value.

Chase Airline Transfer Partners

Chase Airline Transfer PartnerMin TransferTransfer RatioTransfer Time
Aer Lingus AerClub1,0001:1Almost Instant
British Airways Executive Club1,0001:1Almost Instant
Flying Blue AIR FRANCE KLM
1,0001:11-7 days
Iberia Plus1,0001:1Almost Instant
JetBlue1,0001:1Almost Instant
Singapore Airlines KrisFlyer
1,0001:1Up To 24 Hours
Southwest Airlines Rapid Rewards1,0001:1Almost Instant
United Airlines MileagePlus1,0001:1Almost Instant
Virgin Atlantic Flying Club1,0001:1Almost Instant

Chase Hotel Transfer Partners

Chase Hotel Transfer PartnerMin TransferTransfer RatioTransfer Time
World of Hyatt
1,0001:1Almost Instant
IHG Rewards Club1,0001:11 day
Marriott Rewards1,0001:12 days

Competitor Cards

Interested in the Chase Sapphire Preferred® but curious to learn about your other options? Check out these other offerings:

Capital One® Venture® Rewards Credit Card

There’s a lot to love about the Capital One® Venture® Rewards card. With the introduction of airline transfer partners, 10x points earned with Hotels.com, and 2x on all other purchases, it’s easy to see why this is a direct competitor of the Chase Sapphire Preferred®.

If you’re a Hotels.com loyalist or the majority of your daily spending comes from purchases outside of dining and travel categories, then the Capital One® Venture® Rewards card might be a great option for you.

Bank of America® Premium Rewards® Credit Card

The Bank of America® Premium Rewards® card offers a nice point earning structure, along with simplicity and flexibility when it comes to redeeming those points.

The Premium Rewards® card is a strong choice for travelers who already have a banking relationship with Bank of America. Depending on the balance in their checking, savings, or investments accounts, customers earn a higher point multiplier when using the card.

Citi Premier℠ 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.

FAQ

What is the Chase Sapphire Preferred® Card? Why get the card? Is it worth it?

This credit card offers great earning potential for restaurants and travel-related expenses while offering a variety of high value redemption options.

These include 20% flight discounts (at $0.0125 per point), transfers to partners, and the ability to combine with the Chase Freedom®, Chase Freedom Unlimited®, Chase Ink Business Cash℠ Credit Card, and Chase Ink Business Preferred℠ Credit Card to earn even more points.

Put another way, get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel!

You will likely find benefit in the card if you are the type who utilizes these categories and travels frequently.

Points can be redeemed for a variety of travel partners, and can be transferred directly to other loyalty accounts when you need points elsewhere.

If you can justify spending enough on the card to warrant the $95 annual fee, then this card is most definitely worth it.

Is this a VISA card?

Yes, this card, as well as all current Chase cards, is processed through VISA.

What are the benefits of the card?

This credit card earns 1-2x points per dollar. The higher earning potential is for all travel- and dining-related expenses except for gas.

These points accrue in the Chase Ultimate Rewards portal and can be used on shopping, purchasing travel tickets through the travel portal, or transferring to loyalty accounts of partner airlines.

Flights booked with the travel portal can be purchased for 20% off, allowing you to save money on your purchase. The card also offers a concierge service to help with a variety of tasks.

Finally, the card offers a variety of travel insurances such as travel accident, trip cancellation and interruption, auto rental, lost luggage, and trip delay insurance.

Other services include Global Lifeline for lost cards, travel emergency services, and warranty protection.

Does the card use Ultimate Rewards?

Yes. Chase rewards come in the form of points that are deposited into your Chase Ultimate Rewards account.

Who are the travel partners of this card?

The travel partners are as follows. Each one will accept transferred Chase points into their own loyalty programs at a 1:1 ratio (point to miles):

Airline partners include Air France KLM, British Airways, Iberia, Aer Lingus, JetBlue, Singapore Airlines, Southwest AirlinesUnited Airlines and Virgin Atlantic. Hotel partners include Hyatt, IHG, and Marriott.

Do the reward points expire?

Never, as long as your account stays active and in good standing. Keep your bills paid and in good health, and you will never lose your points.

When do the points post to your account?

Your points earned for purchases post at the end of each month with your card statement. Bonus points from other places may take longer.

If you are waiting for points to transfer to travel partners, Chase says the transfers may take up to a week. They must be transferred in 1,000-mile increments.

What is the Chase Sapphire Preferred® Card's annual fee?

The typical annual fee is $95 per year.

Is there a foreign transaction fee on the card?

No, there are no foreign transaction fees.

Is the Chase Sapphire Preferred® Card a 0% APR card?

No. This card has a variable APR (See Issuer’s Terms).

How much is one point worth?

Used directly, a point is worth $0.01 if you use it for something like statement credit. However, a point’s value can vary from  $0.01 to more than $0.02 if transferred to airline partners and redeemed for international travel.

How do you redeem rewards for this card?

Simply log in to your Chase Account, then click on any place that says “Ultimate Rewards,” and it will take you to the next screen where you can select which card you want to access rewards for.

All your account information will be available on this screen, and you can switch between accounts or transfer points between accounts.

How do you transfer Chase points to United (or any other airline partner)?

When you are in the Ultimate Rewards portal, go to the “Use Points” menu and click on “Transfer to Travel Partners.”

On this next screen, it lists all the possible partners and allows you to quickly select how much you want to transfer (in 1,000 mile increments). Allow up to a week for points to transfer.

You can only transfer points to yourself or an authorized card user.

How do you destroy the card?

While the recommended way to dispose of your card is to simply request closure of your account and send the card back in an envelope, you can also try a number of different methods.

We recommend exposure to dragon fire or an avada kedavra spell (kidding!). You could even try the fireplace.

What is the card made out of? Is the card metal?

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.

Which is better, the Chase Sapphire Preferred® Card or Chase Freedom® Card?

You’ll find better value redemption options with the Chase Sapphire Preferred® Card, but it is best to use both cards simultaneously.

The Chase Freedom® Card has no annual fee and offers 5% cashback in certain categories, 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.

What is the Chase Sapphire Preferred® Card's login?

You’ll use the typical Chase bank login.

How do you cancel the Chase Sapphire Preferred® Card?

To cancel the card, call your membership services number on the back and tell them you want to cancel the card. Be sure to use or transfer all points before you do, or else they will be forfeited.

Also, if your annual fee has already hit for the year, you will need to pay it, so cancel before your yearly anniversary if you need to.

Jarrod West

About Jarrod West

Jarrod is a northern Kentucky native and alumnus of Northern Kentucky University where he studied Economics. 

As a former broke college graduate with an insatiable desire to see the world, his curiosity with points and miles happened out of necessity. 

This quickly led to a full-blown obsession which resulted in earning millions of points and spending 3 months traveling Europe with his girlfriend, Valeria, financed almost entirely with points and miles! 

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Chase Sapphire Preferred® Card

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