The Chase Sapphire Preferred® Card is a widely recognized credit card known for its attractive rewards and benefits tailored to travelers and food enthusiasts.
Issued by Chase Bank, this card provides a combination of flexible points, travel advantages, and purchase protections, making it a popular choice among consumers looking to maximize the value of their everyday spending.
About the Financial Institution
Chase Bank, officially known as JPMorgan Chase Bank, N.A., is an American financial institution headquartered in New York City.
With a history dating back to 1799, the bank has evolved through various mergers and acquisitions, establishing itself as one of the largest banking entities in the United States.
Today, Chase operates over 4,700 branches and 15,000 ATMs nationwide, serving millions of customers with a broad range of financial services.
Who Is This Card For?
The Chase Sapphire Preferred® Card is ideal for individuals looking to earn significant rewards in common spending categories such as travel and dining. It is especially suitable for:
- Frequent Travelers: Those who regularly book flights, accommodations, or other travel-related services can benefit from the high earning rates in these categories.
- Dining Enthusiasts: Customers who frequently spend on restaurants or food delivery services can enjoy enhanced rewards on these expenses.
- Flexible Rewards Seekers: With the ability to transfer points to various airline and hotel loyalty programs, this card offers flexibility for those looking to maximize the value of their points.
Card Advantages
The Chase Sapphire Preferred® Card offers a range of advantages that set it apart in the credit card market:
- Welcome Bonus: New cardholders can earn 60,000 bonus points after spending $4,000 in the first three months from account opening. These points can be redeemed for $750 in travel through the Chase Travel portal.
- Points Earning Structure:
- 5x points on travel purchased through Chase Travel.
- 3x points on dining, select streaming services, and online grocery purchases.
- 2x points on all other travel purchases.
- 1x point on all other purchases.
- Annual Hotel Credit: A $50 annual credit for hotel bookings made through the Chase Travel portal.
- Increased Points Value: When redeeming points for travel through Chase Travel, each point is worth 25% more, enhancing the potential value of your rewards.
Additional Benefits
Beyond the advantages mentioned, the Chase Sapphire Preferred® Card offers several additional benefits that further enhance the cardholder experience:
1:1 Points Transfer
The ability to transfer points to airline and hotel loyalty programs at a 1:1 ratio provides flexibility to maximize reward value. Some of the partners include:
- Airlines:
- Aer Lingus, AerClub
- Air Canada Aeroplan
- British Airways Executive Club
- Emirates Skywards®
- Flying Blue AIR FRANCE KLM
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards®
- United MileagePlus®
- Virgin Atlantic Flying Club
- Hotels:
- IHG® Rewards Club
- Marriott Bonvoy®
- World of Hyatt®
Exclusive Partnerships
- DoorDash: Complimentary DashPass membership, offering zero delivery fees and reduced service fees on eligible orders for at least one year when activated by December 31, 2027.
- Lyft: Earn 5x points on Lyft rides through March 31, 2025.
- Peloton: Earn 5x points on Peloton equipment and accessory purchases over $150, with a maximum earning of 25,000 total points, now through March 31, 2025.
Travel and Purchase Protections
- Trip Cancellation and Interruption Insurance: Reimbursement of up to $10,000 per covered traveler and $20,000 per trip for prepaid, non-refundable travel expenses if canceled or interrupted due to covered reasons.
- Rental Car Coverage: Primary coverage for collision damage or theft of rental vehicles, reimbursing up to $60,000 for most rental cars.
- Baggage Delay Insurance: Reimbursement of up to $100 per day for up to 5 days for essential purchases when baggage is delayed.
The Chase Sapphire Preferred® Card combines robust rewards, extensive travel benefits, and valuable purchase protections, making it a compelling choice for cardholders aiming to enhance their travel and dining experiences.
Fees and charges
Late Payment: Up to $40;
Returned payment: Up to $40;
â—Ź APR: 20.49% - 27.49%;
â—Ź Balance Transfer Fee: either $5 or 5% of the amount of each transfer;
â—Ź Cash Advance: either $10 or 5% of the amount of each transaction.
Expert review
The Chase Sapphire Preferred Card is a top-tier option for those who travel frequently.
It offers a generous 2x points on travel and dining and a hefty sign-up bonus that can be redeemed for travel or other rewards.
The card’s points transfer to a wide range of travel partners, adding significant value.
With a reasonable annual fee and extensive travel protections, it's ideal for avid travelers.
However, its APR can be high, and the annual fee may be a concern for infrequent users.
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+Positive points
- 2x Points on Travel and Dining: Earn double points for purchases in these categories.
- Sign-Up Bonus: Receive a substantial bonus after meeting the spending requirement, ideal for travel redemptions.
- Points Transfer: Transfer points to numerous travel partners for increased value.
- Comprehensive Travel Protections: Includes trip cancellation, baggage delay, and travel accident insurance.
- No Foreign Transaction Fees: Save on overseas purchases without paying additional fees.
- Negative points
Negative Points
- High APR: The variable APR can be high for those carrying a balance.
- Annual Fee: There is a significant annual fee, which may be a concern for less frequent users.
- Limited Bonus Categories: While travel and dining are rewarded, other purchases do not earn additional points.