29 Benefits and Perks of the Chase Sapphire Preferred Card [Over $5,000 in Value]

The Chase Sapphire Preferred^® Card carries a $95 annual fee. This page lists every benefit the card offers with a dollar value for each, so the combined figure can be compared to that fee.

Several benefits require enrollment, carry spending conditions, or expire on set dates, and those details are noted throughout.

Quick Overview: Chase Sapphire Preferred Card Benefits

The Chase Sapphire Preferred card carries a $95 annual fee and currently has the following welcome offer:

• Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

Earning rates are 5x points on travel booked through Chase Travel, 3x on dining, online groceries, gas and EV charging, select streaming services, and vacation rentals, and 2x on all other travel (Source: Chase).

Statement credits cover up to $100 each account anniversary year on hotel stays booked through Chase Travel, plus up to $120 every 4 years toward Global Entry, TSA PreCheck, or NEXUS. Travel protections include primary rental car insurance, trip cancellation and interruption coverage up to $10,000 per covered traveler, and trip delay reimbursement up to $500 per ticket (Source: Chase).

Based on moderate usage, the benefits total roughly $5,146 in the first year, including the welcome offer, and about $3,646 annually after that. The 10% anniversary earning bonus has been discontinued for cardmembers who apply on or after June 15, 2026, and ends on October 1, 2026, for cardholders who opened their accounts previously (Source: Chase).

Benefit Summary

Earning

*The bonus value of the welcome offer as well as the value of benefits are an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points. These valuations were not provided by or reviewed by the card issuer.

Statement Credits

Note: Some benefits require enrollment. Terms Apply.

Partner Benefits

Travel and Protection

Earning Chase Ultimate Rewards Points

The Chase Sapphire Preferred card’s bonus categories cover a wide range of everyday spending.

1. Welcome Offer [$1,200 to $1,600]

New Chase Sapphire Preferred cardholders can earn a welcome bonus within the first few months of opening the card:

• Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

BEST FIRST TRAVEL CARD

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

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

Apply Now(at Chase's secure site)

Chase Sapphire Preferred^® Card

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

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

UP's Offer Valuation*:

$1,500

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

Why We Like This Card

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.

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

Cons

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

Read Full Review

Card Highlights

• 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

Financial Snapshot

• APR: 19.24% - 27.49% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Purchases that qualify for the $100 annual Chase Travel hotel credit do not count toward the spending requirement, and neither do balance transfers, cash advances, or cash-like transactions. Allow 6 to 8 weeks for the bonus to post after the requirement is met.

2. Earn 3x Points for Online Grocery Purchases [$300]

Online grocery orders earn 3x points. At $800 each month, that comes to 28,800 Ultimate Rewards points a year.

Chase counts the following purchase types in this category:

The online grocery category includes purchases for grocery pickup and delivery that are placed online with grocery stores (excluding Target, Walmart and wholesale clubs), specialty food stores or delivery service merchants that classify as grocery store merchants (excluding membership and subscription fees). Meal kit delivery services are included (Source: Chase).

3. Earn 3x Points on Streaming Services [$50 or More]

Subscriptions to Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, and YouTube TV all earn 3x points.

4. Earn 3x Points on Dining [$240 or More]

Restaurants, carryout, and food delivery earn 3x points. Spending $4,000 on dining each year produces 12,000 Ultimate Rewards points, worth $240.

5. Earn 5x Points on Travel via Chase Travel [$200]

Travel booked through the Chase Travel portal and charged to the Chase Sapphire Preferred card earns 5x points. Lyft rides and Peloton purchases also earn 5x, with restrictions.

At $2,000 in flights, hotels, and experiences a year, that comes to 10,000 Ultimate Rewards points.

Hot Tip:

Some theme park tickets sold through the Chase Travel portal earn 5x. Search by destination under the activities tab to find tickets to parks such as Universal Studios, SeaWorld, and Legoland.

6. Earn 3x on Vacation Rentals [$120 or More]

Airbnb and Vrbo stays earn 3x points. A $2,000 summer rental returns 6,000 points.

7. Earn 3x on Gas and EV Charging [$360 or More]

At $500 per month for gas or EV charging, the card returns 1,500 points per month, or 18,000 points annually.

8. Earn 2x Points on All Other Travel [$200]

All other travel earns 2 points per $1 spent. The travel category is broad, so Uber rides, train tickets, and most other transportation purchases qualify.

At $5,000 in general travel spending a year, that comes to 10,000 Ultimate Rewards points, worth $200 toward travel.

9. 10% Anniversary Earning Bonus [Discontinued for New Cardmembers]

Cardmembers earned a 10% anniversary point bonus based on total purchases made the previous year. At $25,000 in a cardmember year, that comes to 2,500 bonus points.

This benefit is being discontinued. It ended immediately for cardmembers who applied on or after June 15, 2026. Cardholders who applied before June 15, 2026, continue to earn the 10% bonus on eligible purchases made through October 1, 2026, and that bonus will be awarded by January 31, 2027. It is excluded from the valuations on this page.

10. Earn 5x Points on Lyft [Value Varies]

The Chase Sapphire Preferred card earns 5x points on Lyft purchases through September 30, 2027. The card has to be set as the default payment method in the Lyft app to earn the bonus. Value here depends on how often you ride.

11. Earn 5x Points on Peloton [Value Varies]

Peloton Bike, Tread, Row, and Guide purchases over $150 earn 5x points, up to a maximum of 25,000 points, through December 31, 2027.

Flexible Redemption Options

Chase Ultimate Rewards points can be redeemed in several ways.

12. Transfer Points to Travel Partners [$300]

Chase Ultimate Rewards points earned with the Chase Sapphire Preferred card transfer to any of the Chase transfer partners. The list spans all 3 major airline alliances, major hotel chains, and nonalliance airlines, such as Southwest.

Chase Airline Transfer Partners

Transferring to airline partners can provide higher redemption values than Chase Travel for some awards. For example, you could transfer points to Singapore Airlines KrisFlyer to book the carrier’s first class cabin from New York (JFK) to Frankfurt (FRA) one-way, a ticket that typically sells for thousands of dollars.

Points transferred to Virgin Atlantic Flying Club can be used to book a round-trip business class ticket to Tokyo on partner ANA from the Midwest and East Coast, with low taxes and fees.

The ability to transfer points to partners is valued at $300 here, though frequent transfers for premium award travel return more. Check the best Ultimate Rewards redemptions for specific examples.

Chase Hotel Transfer Partners

The World of Hyatt transfer rate is changing. Chase Ultimate Rewards points earned on the Chase Sapphire Preferred card transfer to most partners at 1:1, but points transfer to the World of Hyatt program at a rate of 4:3 under the schedule above. At 4:3, 4,000 Ultimate Rewards points produce 3,000 World of Hyatt points.

13. Redeem Points Through Chase Travel at up to 1.75 Cents per Point [$175]

Chase Sapphire Preferred cardholders can redeem points through Chase Travel at up to 1.75 cents per point with Points Boost offers. That is up to 0.75 cents per point higher than the Chase Freedom Flex^® and Chase Freedom Unlimited^®, so the same trip can cost fewer points on the Chase Sapphire Preferred card.

This benefit is valued conservatively at $175, since transfer partners generally return more. Chase Travel makes sense when a specific hotel or flight is offering Points Boost.

Hot Tip:

Tickets booked through Chase Travel are eligible to earn airline miles, as the airline treats them as paid tickets. Add your frequent flyer number to every ticket booked through Chase Travel.

14.25% More Value in Statement Credit Redemptions [$100]

Cardholders can use Pay Yourself Back to redeem Chase Ultimate Rewards points at 1.25 cents per point toward charitable donations through December 31, 2026.

15. Combine Points With Freedom Cards [$100]

Points earned on a Freedom Flex card or Freedom Unlimited card can be moved to the Chase Sapphire Preferred card.

Once combined, those points transfer to travel partners or can be redeemed through the Chase Travel portal at up to 1.75 cents per point, rates neither Freedom card offers on its own. That pairing is a compelling reason to hold a Freedom card alongside the Chase Sapphire Preferred card.

This benefit is valued at $100 and applies only to cardholders who also hold a Freedom Flex card or Freedom Unlimited card.

Travel Benefits and Protections

The Chase Sapphire Preferred card includes travel credits, insurance coverage, and emergency services.

16. $100 Hotel Credit [$100]

Hotel stays purchased through Chase Travel trigger an annual $100 statement credit each year that renews on the card account anniversary. The credit applies automatically, with no enrollment required, and purchases covered by it do not earn points.

17. Global Entry, TSA PreCheck, or NEXUS Credit Every 4 Years [$30]

This credit is worth up to $120 every 4 years, which works out to $30 annually and is valued at $30 in the tables above. The application fee must be charged to the Chase Sapphire Preferred card, and the credit applies only to the account holder.

18. Primary Rental Car Insurance [$200]

The Chase Sapphire Preferred card includes primary rental car insurance. Charge the entire rental to the card, decline the rental agency’s collision damage waiver, and coverage applies up to $60,000 for theft or collision damage without a claim under your personal auto policy. New York residents receive primary coverage outside the United States and excess coverage inside it.

Coverage applies to damage to the rental car and does not include liability insurance. Rental periods up to 31 consecutive days are covered.

This benefit is valued at $200 per year and is more valuable for frequent renters. Damage waivers add up on long-term rentals.

19. Travel Delay Insurance [$200]

The Chase Sapphire Preferred card includes travel delay insurance. Book airfare with the card, and expense reimbursement of up to $500 per ticket applies when a flight is delayed more than 12 hours or requires an overnight stay. Meals and lodging during the delay qualify.

This benefit is valued at $200, and a single use during a long delay can exceed that.

Hot Tip:

Traveling on an award ticket? Charge the taxes and fees to your Chase Sapphire Preferred card, and the coverage applies when your flight is delayed 12 hours or more.

20. Trip Cancellation and Interruption Insurance [$100]

The card also covers trips canceled because of illness, severe weather, or other eligible circumstances. Reimbursement runs up to $10,000 per covered traveler, $20,000 per trip, and $40,000 per 12-month period per account in nonrefundable travel expenses.

For example, if you or an immediate family member gets sick the day before departure, nonrefundable expenses qualify for reimbursement.

This benefit is valued at $100 because most cardholders will not use it in a given year, though a single claim can return far more.

21. Baggage Delay Insurance [$100]

The Chase Sapphire Preferred card covers checked baggage delayed more than 6 hours, reimbursing $100 per day for essential items for up to 5 days. As with trip delay insurance, the ticket has to be paid for with the card.

Get proof of baggage delay from the airline and keep receipts for anything purchased during the delay. File a claim by calling the number on the back of the card within 20 days of the incident.

Chase lists clothing, toiletries, and phone charging cables as eligible, though that is not an exhaustive list. Contact lenses, eyeglasses, hearing aids, and money are explicitly excluded, so keep those in your carry-on.

This benefit is valued at a modest $100. More than 1 use in a year makes it considerably more valuable, and a single claim more than covers the card’s $95 annual fee.

22. Roadside Dispatch and Travel and Emergency Assistance [$25]

Chase will help locate a doctor, lawyer, emergency transportation, or someone to change a flat tire while traveling.

Chase arranges these services, but the cardholder is liable for all charges incurred. Roadside dispatch is a pay-per-use program covering standard towing up to 5 miles, tire changes, battery jump-starts, lockout service, fuel delivery up to 5 gallons, and standard winching. On that basis, this benefit is valued at $25.

23. Travel Accident Insurance and Emergency Evacuation and Transportation [$50]

Travel accident insurance protects the cardholder and immediate family members in the case of accidental death or loss of speech, sight, or hearing during travel. The benefit amount is $500,000 when the incident happens on a common carrier and $100,000 at all other times during a trip, with the latter paid only on a round-trip ticket charged to the Chase Sapphire Preferred card.

Emergency evacuation and transportation covers up to $100,000 in necessary evacuation expenses when a covered traveler becomes seriously sick or injured on a covered trip, plus up to $15,000 for repatriation of remains. Trips must run at least 5 days, no more than 60 days, and more than 100 miles from the cardholder’s primary residence.

This benefit is valued at $50. Most cardholders will never use it, though an evacuation can cost thousands of dollars.

Additional Insurance and Assistance Benefits

Two further protections come with the card and are difficult to assign a dollar amount to, so they are not included in the valuations above.

Lost luggage reimbursement covers the difference between the actual cash value of lost or damaged checked or carry-on baggage and what the common carrier pays, up to $3,000 per covered traveler per trip. New York residents are limited to $2,000 per bag and $10,000 across all covered travelers per trip. Sub-limits of $500 apply to jewelry and watches, and $500 to cameras and other electronic equipment.

Travel and emergency assistance services connect cardholders to emergency message relay, medical and legal referrals, emergency transportation arrangements, ticket replacement, translation services, and prescription assistance, 24 hours a day, 365 days a year. Chase arranges the services; the cardholder pays for them.

For claim limits, exclusions, and filing windows on every protection listed above, see our full guide to Chase Sapphire Preferred travel insurance benefits.

Shopping Benefits and Protections

The Chase Sapphire Preferred card comes with partner benefits and shopping protections.

24. Subscription to DoorDash DashPass [$120]

All Chase Sapphire Preferred cards include a complimentary subscription to DoorDash DashPass, a $120 value for 12 months.

DashPass members receive $0 delivery fees and reduced service fees on eligible DoorDash orders of $12 or more. DoorDash operates in all major American cities, so the subscription applies to deliveries to homes or hotels. Activate by December 31, 2027.

DashPass costs $10 per month, so this benefit is worth $120 per year.

Enroll in this benefit on DoorDash’s website.

25. DoorDash Credits [$120]

The card offers up to $10 per month on groceries, daily essentials, retail orders, and more on DoorDash through December 31, 2027. Restaurant orders are excluded.

26. No Foreign Transaction Fees [$100]

Purchases made with a Chase Sapphire Preferred card are not subject to foreign transaction fees. Many credit cards charge 1% to 3% on purchases made in a foreign currency, so a $100 purchase can cost $103 when charged in euros or British pounds.

This benefit is valued at $100 since many travelers already carry a no-foreign-transaction-fee card. For those who do not, it can save hundreds of dollars a year, depending on how often they travel internationally.

27. Purchase Protection on Eligible Purchases [$100]

Eligible purchases made with the Chase Sapphire Preferred card are protected against damage and loss for 120 days from purchase, or 90 days for New York residents. Claims run up to $500 per item and $50,000 per account per year. Claims have to be filed within 90 days of the loss.

A range of purchases is covered by Chase’s purchase protection, with exclusions. Preowned items, antiques, collectibles, software, motorized vehicles, and items purchased for commercial use or resale fall outside coverage, as do items that “mysteriously disappear with no evidence of a wrongful act.”

This benefit is valued at $100 and is more valuable with frequent use, particularly for travelers carrying expensive electronics.

28. Extended Warranty on All Purchases [$100]

Every eligible item purchased with the Chase Sapphire Preferred card has its warranty extended by 1 year from when the included warranty expires. Claims run up to $10,000 per item and $50,000 per account. Motorized vehicles, software, preowned items, and items purchased for resale are excluded. An item qualifies as long as it carries a standard warranty of 3 years or less.

This perk is valued at $100 since most cardholders use it infrequently. The card has to be open and in good standing to file an extended warranty claim.

29. Apple TV Subscription [$156]

Cardholders get a complimentary Apple TV subscription for 1 year when activated by December 31, 2026. Apple TV’s annual plan costs $156, which is the figure used in the valuations above.

Chase Sapphire Preferred Hidden and Underrated Benefits

Several Chase Sapphire Preferred card benefits sit outside the headline earning chart.

Theme park tickets bought through the Chase Travel activities tab earn 5x points, which covers admission to Universal Studios, SeaWorld, Legoland, and other parks.

Award tickets qualify for the card’s travel protections. Paying the taxes and fees on an award booking with the Chase Sapphire Preferred card triggers trip delay reimbursement, so a 12-hour delay on a points ticket is covered the same way a paid ticket would be.

Points earned on a Freedom Flex card or Freedom Unlimited card can be moved to the Chase Sapphire Preferred card. Once combined, those points transfer to airline and hotel partners or redeem through Chase Travel at up to 1.75 cents each, rates neither Freedom card offers on its own.

Peloton purchases earn 5x points on equipment and accessories over $150, capped at 25,000 points, through December 31, 2027. Lyft rides earn 5x through September 30, 2027, and the card has to be set as the default payment method in the Lyft app to earn it.

Final Thoughts

The Chase Sapphire Preferred card’s benefits can exceed its $95 annual fee for cardmembers who use the hotel credit, the travel protections, and the bonus categories regularly. The $100 hotel credit alone covers the fee. Realized value depends on spending patterns, redemption choices, and how many of the benefits are used in a given year.