Chase Sapphire Preferred Review: Why It's Worth $95
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Travel credit cards are a smart way to earn flights and hotel stays. Our favorite is the Chase Sapphire Preferred® Card because of its bonus point offer and premium travel benefits. Read on to see if the annual fee is worth it for you.
Overall Score | 4.5 | ||
Rewards | 4.5 | ||
Fees | 3.5 | ||
Benefits | 5.0 | ||
Airline Transfer Partners | 5.0 | ||
Pros and Cons
- Generous bonus points
- Flexible travel rewards
- Travel, purchase and security protection
- $0 Foreign Transaction Fee
- $95 annual fee
- No intro APR
Bottom Line
High-earning rewards card for those with excellent credit
- Who Card Is Good For
- Who Should Not Get the Card
- Why We Like the Sapphire Preferred
- Downsides of the Card
- Our Thoughts About the Card
- Why It's Good for Travelers
- Travel Benefits & Purchase Protections
- Earning Points
- Maximize Earning Points
- Best Ways to Redeem Points
- Travel Portal vs Transferring Points
- How It Compares
- Common Questions
Who This Card is Good For
- Those who like to play the airline miles game. In our opinion, the most valuable feature is the ability to transfer points to Ultimate Rewards travel transfer partners.
If you don't take advantage of this, you're missing out on getting the most value out of Ultimate Rewards.
- Travelers. Because this is a travel rewards card with an annual fee, it's best for those who travel at least once a year. With no foreign transaction fees, a smart chip, and worldwide VISA acceptance, the Sapphire Preferred card was made for international travelers.
- Those who like to dine out. Chase Sapphire Preferred gives you 3x points on dining at restaurants including eligible delivery services, takeout and dining out. So eating out frequently is a way to earn points fast.
So if you are interested in the Chase Sapphire Preferred bonus, travel rewards and card benefits, then
Many travel credit cards have one major flaw: they are limited to a single airline or hotel chain.
The one-airline strategy can work for some people. For instance, if you live in a rural area where there aren't many airlines to choose from. But for the vast majority of people flexibility is the key.
With the Chase Sapphire Preferred, you can redeem your rewards for a statement credit, book travel through Chase Travel℠ (at 25% more value), or transfer them to a selection of participating airlines or hotel transfer partners (at a 1:1 ratio).
Sound good so far? Wait until you hear how many bonus points you'll get with Chase Sapphire Preferred.
1:1 Point Transfer to Leading Airline and Hotel Loyalty Programs
What is the Best Chase Credit Card Promotion?
For | Credit Card |
---|---|
Travel | Chase Sapphire Preferred® |
Small Business | Ink Business Preferred® |
Cash Back | Chase Freedom Unlimited® |
Don't Get If
- You don't travel. There is an annual fee, so you'd need to travel enough to justify it. Instead compare Chase Sapphire Preferred vs Freedom Unlimited.
- You don't want to deal with transferring points. Instead compare Chase Sapphire Preferred vs Capital One Venture Rewards Credit Card.
- You usually cook at home. Instead compare Chase Sapphire Preferred vs Blue Cash Preferred (a CreditDonkey partner).
Why Chase Sapphire Preferred is Worth It
The Sapphire Preferred wins us over for five big reasons.
- A big bonus. Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
Imagine what you would do? A flight to Las Vegas for two? A weekend hotel stay in New York?
Are you worried that $4,000 is too much to spend in 3 months?$4,000 might sound like a lot to spend in three months, but remember, the average household spends over $10,000 a year on food, apparel and entertainment alone. Think about how much you spend a month on your current credit card. It might not be as far off as you think.
Related: How to meet $4,000 minimum spending requirement
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
Luckily, Chase has a pretty wide definition of what counts as travel and dining. Some surprising things include:
- Uber rides
- Highway tolls
- Airport parking
- Ferries
- Campground fees
Whether you are traveling for work or picking up dinner for the kids, your Chase rewards points will add up quickly when you use your card for these types of purchases.
Make the points go even further when you transfer to an airline partner. For example, you can transfer 50,000 points to British Airways and redeem for 2 round-trip award tickets from Los Angeles to Hawaii. A round-trip airfare to Hawaii could cost as much as $500 - $800 per ticket depending on the time of the year. Read this guide for ideas on how to redeem Chase Ultimate Rewards points. - Uber rides
- You can get travel discounts. When you redeem your points online at Chase Travel℠, you'll receive 20% off travel, including airfare, hotels, car rentals and cruises.
The 20% discount means that each point is worth 1.25 cents when you book travel through Chase Travel℠. For example, if you book a $500 airfare using Chase Travel℠, it would only require 40,000 points. This is why the Sapphire Preferred is a popular card for people who like to save money on traveling.
- It's easy to transfer points. Sometimes you can squeeze even more value out of your Chase points by transferring them to a participating frequent travel programs. Points can be transferred with no fees and at full 1:1 value to airline and hotel transfer partners.
Participating partners include Southwest Airlines, United Airlines, JetBlue, British Airways, Air France, and Virgin Atlantic. If you frequent any of these airlines, the Sapphire Preferred could help you earn free flights quickly.
Tip: To learn more about frequent flyer miles, read our beginner's guide to miles. Then check out our guide on the best ways to use Chase points. - You won't have to worry about a foreign transaction fee: Sapphire Preferred does not charge the 3% foreign transaction fee that many other credit cards do, making it an excellent selection if you travel abroad frequently.
For international travelers, you want a rewards card that has no foreign transaction fee, smart chip technology and worldwide acceptance. The Chase Sapphire Preferred card has all three of these features.
No Foreign Transaction Fee
Tip: No foreign transaction fee and a smart chip is nice but it is of little use if the merchant doesn't accept the card. While American Express and Discover are popular in the United States, that might not be the case where you're going. Chase Sapphire Preferred is a Visa credit card with no foreign transaction fees, smart chip technology, and worldwide acceptance.
Now that you know the benefits of Chase Sapphire Preferred, keep reading for some of the drawbacks, including the annual fee.
Reasons We'd Skip The Card
We can think of three reasons why this might not be the best card for you.
- $95 annual fee Annual fees are common for rewards cards like the Sapphire Preferred, but some cardholders prefer credit cards that don't have them at all.
- No introductory APR. This card doesn't offer an introductory interest rate, one of the reasons many consumers sign up for new cards.
Our suggestion: if you are responsible and usually pay off your balance in full each month, then consider the Sapphire Preferred card. If you tend to carry a balance, check out credit cards with low interest rates instead.
- Fear of rejection. Because the benefits are so impressive with this card, the application process is quite selective. You'll need excellent/good credit to qualify. Learn what Chase looks for and how to improve your odds.
Chase Sapphire Preferred Still Worth It?
Chase Sapphire Preferred is always at the top of our list for recommended travel rewards cards. We love the huge sign-up bonus, the flexibility, and the potential value you can get from it. However, you have to do the math.
There's that huge bonus offer to consider. If you spend $4,000 in purchases in your first 3 months from account opening, you can earn 60,000 bonus points.
Once you start using it, you'll quickly see why we think Ultimate Rewards are worth more than the "miles" offered by many other credit cards. In the next section, we'll provide a full list of Chase's airline and hotel partners.
If you're a regular traveler, Chase Sapphire Preferred may be the card for you.
Why It's a Good Card for Travelers
With many of its rewards geared toward travelers, the Sapphire Preferred card is like having a mileage and rewards card all-in-one.
- Redemption: Redeem your points for travel, gift cards, cash back, etc. If you redeem for travel through Chase Travel℠, you get 25% more value on airfare, hotels, car rentals, and cruises.
- Points Transfer: You can also transfer points to participating frequent travel programs with no transfer fees at full 1:1 value.
Airline transfer partners include Southwest Airlines Rapid Rewards, United Airlines MileagePlus, JetBlue TrueBlue, British Airways Executive Club, Flying Blue AIR FRANCE KLM, Singapore Airlines KrisFlyer, Emirates Skyward, Virgin Atlantic Flying Club.
Hotel partners include Marriott, Hyatt, and IHG.
Fly American or Delta? While Chase Ultimate Rewards points can be transferred directly into United or Southwest rewards programs, you cannot transfer Chase Ultimate Rewards points to Delta or American Airlines.But what if you still want to fly American or Delta? Here's a smart tactic: You can use British Airways to book a partner flight on American Airlines (and other oneworld alliance partners) and you can use Air France to book a partner flight on Delta Airlines (and other SkyTeam alliance partners).
- Visa: Chase Sapphire Preferred is a Visa credit card. American Express and Discover are widely accepted in the USA, but if you travel overseas, some retailers only take Visa and MasterCard.
Tip: If you want to earn even more points for travel, you can pool your points from your Chase Freedom or Chase Freedom Unlimited.
Since the Sapphire Preferred doesn't give you bonus points in popular categories like gas or groceries, consider maximizing your rewards by supplementing it with a Chase Freedom card. The Freedom card earns you 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter. You'll enjoy new 5% categories every three months and unlimited 1% cash back on all other purchases. Use the Freedom card for the bonus categories, and then pool your reward points from both cards.
- Smartchip: Good news for international travelers, the Sapphire Preferred has Chip with Signature technology.
Note: This is different than "Chip and PIN." With "Chip and PIN", you need to use a PIN on transactions. With "Chip with Signature", you'll need to provide your signature.
With the Chase Sapphire Preferred, this depends on how you redeem it.
- If you redeem for cash back, it's worth $600.
- If you redeem for travel on the Chase Travel℠ portal, it's worth $750 (25% more value).
- If you transfer to airlines, redemption value varies.
Some credit cards use confusing points systems, but Chase Sapphire keeps it simple. We review how you can earn points fast later in this review.
Travel Protection
When you use this card to make your travel arrangements, you will receive a variety of card benefits as outlined below:
- Travel Insurance: You are eligible to receive up to $500,000 in travel accident insurance as well as emergency assistance services via phone 24/7.
You can also get up to $3000 reimbursement if you or your family's luggage is lost or damaged. If your baggage is delayed after you arrive, you can be reimbursed for essentials, such as toiletries and clothes, for up to $100/day for five days.
If your trip is delayed for more than 12 hours, each ticketed person in your family can receive up to $500 total reimbursement for meals and hotel stays if you are not reimbursed by another source.
- Trip Cancellation/Interruption: If you've paid for your trip with the card, you have added protection if your trip is interrupted by weather or you or a family member get sick. You can be reimbursed up to $10,000 per person and $20,000 per trip for your non-refundable, pre-paid travel expenses, including airfare, hotel, and tours.
- Car Rental Insurance: The Sapphire Preferred card offers primary, not secondary, collision and damage insurance for most rental cars when you pay the entire car rental fee in full and decline the rental company's collision and damage insurance. Most other credit cards (even travel cards) offer just secondary insurance, so this is a very useful card benefit.
Purchase Protection and Extended Warranty
The card benefits go beyond just travel, too. We'll highlight a few of those here:
- Purchase Protection: On most purchases, you will be reimbursed up to $500 if the item is damaged or stolen within 120 days from purchase. That nearly four-month period can give you peace of mind.
- Extended Warranty: An additional one year warranty will be added to eligible purchases made with the card for items that come with an initial three year or less warranty.
Earning Points
Earning points with the Sapphire Preferred card is pretty straightforward. You can earn 5X points on travel purchased through Chase Travel℠, 3X points on dining and 2X points on all other travel purchases.
Even better, Chase also has a pretty wide definition of what counts as travel. Here's a list:
- airlines
- hotels and motels (including homestays like Airbnb)
- timeshares
- campgrounds
- car rentals
- rideshares like Uber and Lyft
- cruise lines
- travel agencies and discount travel sites
- trains, buses, limos, and ferries
- tolls, bridges, and highways
- parking lots and garages
Dining at restaurants include fine dining establishments as well as fast food restaurants.
Maximize Earning Points With Other Chase Cards
You can earn bonus points on almost everything by strategically pairing it with other Chase cards.
- Pair with Chase Freedom for up to 5x points. Chase Freedom offers 5% bonus categories that change every quarter. So you can use it on any 5% category purchases to get the most points. Sometimes, the 5% categories include restaurants, so that'll give you even more rewards than Sapphire Preferred. It has no annual fee.
- Pair with Chase Freedom Unlimited for points on everything. Freedom Unlimited gives you 1.5 points per dollar on all purchases. You can use it on any other purchases that would otherwise just be 1x point. It also has no annual fee.
- Pair with a Chase Ink business card. If you have a small side business (even driving Uber or selling things on eBay count!), you can apply for one of the Chase business cards. Chase Ink Cash gives you up to 5x points on office supplies and phone/cable/internet services (on the first $25k in combined purchases), and 2x points on gas and restaurants (on the first $25k in combined purchases). And Chase Ink Preferred gives you 3x points on travel (on the first $150k in combined purchases).
Chase allows you to combine points between Ultimate Rewards cards. So you can combine these points unto your Sapphire Preferred card, and then use them for travel.
Best and Worst Ways to Redeem Sapphire Preferred Points
Here are all the ways you can redeem your Sapphire Preferred points, ranked from best to worst:
- Transferring to airline and hotel partners (value: varies). Many people consider this the best use of their points. With a smart transfer, your points can be worth a lot.
For example, you can book a round-trip award flight from Los Angeles to Hawaii for 25,000 miles. If a ticket usually costs $500 or more, that's a redemption rate of 2 cents per point or more.
- Book travel on the Chase Travel℠ portal (value: 1 point = 1.25 cent). Your points are worth 25% more value when you use them to book flights or hotels on the Chase Travel℠ portal. For a $500 flight, you would only need 40,000 points to buy it.
- Get cash back (value: 1 point = 1 cent). You can use your points for statement credit or direct deposit into your bank account. But the value is only 1 cent each (10,000 points = $100).
- Exchange for a gift card (value: 1 point = 1 cent). You can exchange for a gift card to select store or restaurant at the rate of 1 point = 1 cent. This option isn't even as flexible as straight up cash back.
- Buy an experience (value: varies). Chase offers unique experiences to Preferred cardholders, like private dining with a chef and concert packages. The redemption rate depends on how much you value the experience.
Travel Portal vs Transferring Points
Is the travel portal a good deal? When is it better to use the travel portal instead of transferring points?
Sometimes, using the discount on the travel portal is a better deal than transferring points. Using points on the travel portal is smarter in these situations:
- When there's a cheap Economy flight
- If booking an award flight will result in a very heavy surcharge
Transferring points is smarter in these situations:
- When the airfare/hotel price is high on your travel dates
- Expensive long-haul international flights
- Business or First Class seats
It's always smart to check the portal when booking a flight. Plus, since the portal converts a cash price into points, there are no award fees. When redeeming with airline frequent flyer miles, there may be other taxes and fees.
How it Compares
Here's a quick recap of the pros and cons for easy reference:
Pros
- Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
- $0 Foreign Transaction Fee
Cons
- $95 annual fee
- No introductory APR offer
- Hard to qualify for because it requires excellent/good credit
How does Chase Sapphire Preferred's annual fee measure up? We'll show you below.
Worth the annual fee?
Here's how the Chase Sapphire Preferred stacks up against the Chase Freedom Unlimited, a cashback card with no annual fee.
Apply Now | Apply Now | |
Chase Sapphire Preferred® Card | Chase Freedom Unlimited® | |
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Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. - | Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases. - | |
Interest Rates and Fees | ||
Introductory APR for Purchases | N/A | 0% introductory APR for 15 months |
Introductory APR for Balance Transfers | N/A | 0% introductory APR for 15 months |
Purchase APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | 20.49% to 29.24% Variable based on your creditworthiness and other factors |
Balance Transfers APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | 20.49% to 29.24% Variable based on your creditworthiness and other factors |
Foreign Transaction Fee | $0 | 3% of each transaction in U.S. dollars |
Annual Fee | ||
Benefits and Features | ||
Cash Back Rewards | Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases. | |
Point Rewards | Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. | |
Airline Transfer Partners | Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air Canada, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, and Aer Lingus. | |
Apply Now | Apply Now | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. |
How it compares to Sapphire Reserve:
Chase Sapphire Reserve® is the luxury sibling of the Preferred card. It has a $550 annual fee but more benefits. One of the biggest Chase Sapphire Reserve benefits is the $300 annual travel credit on travel-related purchases. You also get Priority Pass Select lounge membership and Global Entry/TSA PreCheck application credit.
Apply Now | Apply Now | |
Chase Sapphire Preferred® Card | Chase Sapphire Reserve® | |
---|---|---|
Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. - | Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. - | |
Interest Rates and Fees | ||
Purchase APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | 22.49% to 29.49% Variable based on your creditworthiness and other factors |
Balance Transfers APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | 22.49% to 29.49% Variable based on your creditworthiness and other factors |
Annual Fee | ||
Benefits and Features | ||
Point Rewards | Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. | Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases |
Airline Status | $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Complimentary Priority Pass™ Select membership for access to 1,300+ airport lounges worldwide. One-time enrollment required for Priority Pass Select | |
Apply Now | Apply Now | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. |
If you travel very often, you may find the Reserve is better value. Read this in-depth comparison of Chase Sapphire Preferred vs Reserve to see which one is better for you.
Are you a frequent traveler? If a $695 annual fee (See Rates & Fees) does not scare you, then read this comparison review of Chase Sapphire Preferred vs AMEX Platinum.
Keep in mind, the AMEX Platinum Card from American Express (a CreditDonkey advertiser) gets access to 5 airport lounge networks, an airline fee credit, and other travel perks.
If a $695 annual fee is too much but you're still willing to consider cards with some annual fees, read our review of American Express Gold Card. (See Rates & Fees). Here is a side-by-side comparison of the two cards:
Apply Now | Apply Now | |
Chase Sapphire Preferred® Card | American Express® Gold Card | |
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Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. - | Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Plus, receive 20% back in statement credits on eligible purchases made at restaurants worldwide within the first 6 months of Card Membership, up to $100 back. Limited time offer. Offer ends 11/6/24. - | |
Interest Rates and Fees | ||
Purchase APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | See Pay Over Time APR See Rates & Fees |
Balance Transfers APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | N/A |
Annual Fee | ||
Terms Apply. | ||
Benefits and Features | ||
Point Rewards | Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Airline Status | ||
Airline Transfer Partners | Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air Canada, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, and Aer Lingus. | Airline transfer partners include Delta, Hawaiian Airlines, Aeromexico, Air Canada, Air France, Emirates, Cathay Pacific (Asia Miles), Virgin Atlantic, Singapore Airlines, Etihad, Alitalia, All Nippon Airways and more. |
Apply Now | Apply Now | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. For rates and fees of the American Express® Gold Card, please click here. |
How Bonus Points Compare
Both of these rewards cards offer a big sign-up bonus, so how do you decide which one is the best for you?
Chase Sapphire Preferred | Capital One Venture | |
---|---|---|
Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. | Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that's equal to $1,000 in travel | |
Interest Rates and Fees | ||
Purchase APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | 19.99% to 29.99% (Variable) based on your creditworthiness and other factors |
Balance Transfers APR | 21.49% to 28.49% Variable based on your creditworthiness and other factors | 19.99% to 29.99% (Variable) based on your creditworthiness and other factors |
Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. | No balance transfer fee |
Annual Fee | ||
Benefits and Features | ||
Airline | 1:1 point transfer to leading airline and hotel loyalty programs | Earn 2 miles per dollar on all purchases |
Points | Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. | |
Airline Transfer Partners | Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air Canada, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, and Aer Lingus. | Capital One transfer partners include Aeromexico, Air Canada, Air France/KLM, Avianca, Cathay Pacific, Emirates, Etihad, EVA, Finnair, Hainan, Qantas, Qatar, and Singapore Airlines. |
Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on July 18, 2024 from published websites and is believed to be accurate, but not guaranteed. Disclaimer: The information for the Capital One Venture Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer. |
- Capital One Venture earns 2x miles on all purchases. Redeem miles for a statement credit toward eligible travel purchases.
- Chase Sapphire Preferred lets you redeem points for a statement credit, book travel through Chase Travel℠, or transfer the points to an airline or hotel transfer partner at a 1:1 ratio.
Now that you know the ins and outs of Chase Sapphire Preferred, let's go over some common questions.
Common Questions
- Is Chase Sapphire Preferred worth it?
In our opinion, Chase Sapphire Preferred is worth getting for any semi-frequent to frequent traveler. First, the bonus alone is amazing. And frequent travelers and diners will be able to rack up points fast.The redemption value is great too. Redeeming on the Chase Travel℠ portal gives your points 25% more value. And you can transfer to airline partners for potentially even more value.
It also has great travel protections if something unexpected happens on a trip.
- How much is a Sapphire Preferred point worth?
Chase Sapphire Preferred points are worth 1.25 cents per point toward travel when you redeem through Chase Travel℠. Better yet, if you transfer them to a Chase Sapphire Preferred airline transfer partner or hotel partner, you can potentially make your points worth even more. Read our article on 23 amazing ways to redeem Chase Ultimate Reward points - Is Chase Sapphire Preferred a Visa or MasterCard?
The Sapphire Preferred is a Visa card. That means you can use it where VISA cards are accepted, including warehouse clubs like Costco. - What airlines can you use with Chase Sapphire?
Here is the list of current Chase Sapphire Preferred airline transfer partners:- United MileagePlus Miles
- Southwest Rapid Rewards
- JetBlue TrueBlue
- British Airway Avios
- Air France Flying Blue
- Singapore KrisFlyer
- Virgin Atlantic Flying Club
- Iberia Plus
- Aer Lingus AerClub
- Emirates Skyward
Remember, you can book travel on any airline by redeeming your points on Chase Travel℠ (Chase's online booking portal).
- United MileagePlus Miles
- Do Ultimate Rewards points expire?
No, your Ultimate Rewards points never expire as long as your account is active and in good standing. - What are the Chase Sapphire Preferred requirements?
You need excellent/good credit to get approved for a Chase rewards card.Note: Chase has been known to decline applications if you've already opened more than five new credit cards in the last 24 months, including non-Chase cards. Because of this limitation, the Sapphire Preferred card should be the first card you consider when you are in the market for a new travel card. Other card issuers have their own guidelines. If you are interested in the Sapphire Preferred sign-up bonus, travel rewards and card benefits, thencomplete your application for this card before you apply for cards.Related: Best Chase Credit Card
- Should I add an authorized user to my new account?
A great thing about the Sapphire Preferred card is the ability to transfer Chase points to airline and hotel transfer partners (such as United and Marriott). As long as the authorized user lives in your household, you can transfer your Chase Ultimate Rewards points to the authorized user's frequent flyer or hotel loyalty account at participating transfer partners.It's nice for authorized users too, as they can enjoy the Chase Sapphire Preferred's travel perks, such as the primary auto rental collision damage waiver, without having to pay an additional annual fee.
But don't add just anybody. Remember, you are ultimately responsible for charges from authorized users.
- I use Uber, does that count toward 2x points on travel?
Yes. Merchants in the Chase rewards travel category include: airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages. - I eat at fast food restaurants often. Does that count toward 3x points on dining at restaurants?
Yes. Merchants in the Chase rewards restaurants category are merchants whose primary business is sit-down or eat-in dining, which includes fast food restaurants. Keep in mind, some merchants that sell food and drinks that are located within larger merchants such as sports stadiums, hotels and casinos, theme parks, grocery and department stores will not usually be included. - Does Chase Sapphire Preferred have foreign fees?
Chase Sapphire Preferred has $0 foreign transaction fee. Unlike many credit cards that add a 3% foreign transaction fee when you use your card outside of the U.S. - What is the Chase Sapphire Preferred card made of?
Chase Sapphire Preferred is a metal card. It has a metal core and a blue plastic finish on the front and back, giving it a weighty and luxurious feel. - What is the current bonus offer?
Chase Sapphire Preferred signup bonus has increased significantly. Now you can earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
© mathieu_distefano (CC BY-SA 2.0) via Flickr |
Bottom Line
If you have excellent credit and would spend enough to earn the 60,000 point bonus, the Sapphire Preferred is an excellent value, especially for travelers.
(Updated by Cynthia and Lauren, Editing by Erin K and Sarah)
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.
For rates and fees of The Platinum Card® from American Express card, please click here.
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