Chase Sapphire Preferred

welcome offer

Earn 60,000 points after $4,000 spent within the first 3 months.

Bonus Cash Value

Approximately $900*

Annual Fee

$95

Card Rewards

Earn 2 points per $1 spent on travel and dining

Earn 5 points on Lyft Rides

Earn 1 point per $1 spent everywhere else

Help Me Build Credit has partnered with AwardWallet and CardRatings for our coverage of credit card products. Help Me Build Credit, AwardWallet and CardRatings may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone

Card Overview

The Chase Sapphire Preferred card is a great basic travel card. It comes along with a great suit of various travel insurances. Plus your points are worth 25% more when redeemed through the Chase Travel portal.

Card-Smart Tips & Advice
  • Good credit needed (you will probably need at least one credit card open for more than a year)
  • This card is under the  Chase 5/24 rule
  • If you had received an opening bonus on any Sapphire credit card in the past 48 months you are not eligible to receive a new bonus
  • You can only get approved for up to 2 Chase Credit Cards in 30 days. (Business Card and Personal cards are counted separately)
  • If you currently have any Sapphire card open Chase will probably not approve you for a new one
  • Chase Bank will usually pull your Experian credit report
  • You can check your application status at  Chase.com  / Customer Center / Check my app status or call 1 888 338 2586
  • If declined you can call 1 800 453 9719 to be reconsidered
Card Details And Benefits
  • Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards
  • No Foreign Transaction Fee
  • Trip Cancellation Insurance
  • Auto Rental Collision Insurance
  • Travel Accident Insurance
  • Lost Luggage Reimbursement
  • Trip Delay Reimbursement
  • Purchase Protection
  • New! You can use your Ultimate rewards points at a rate of 1.25 cents per point to refund any dining, grocery, or home improvement purchases (works on gift cards bought in HomeDepot, etc) Click here to redeem the points for eligible purchases (Exp 09/30/20 as per DOC this may be extended for good)
  • Bonus Points On Grocery Spent: Earn 3 points per dollar on Instacart groceries on up to $3,000 from 07/01/20- 09/30/20
  • Bonus Points On Gas Spent: Earn 3 points per dollar on gas on up to $1,500 from 07/01/20- 09/30/20
  • Bonus Points On Select Streaming Spent: Earn 3 points per dollar on select streaming services on up to $1,500 from 07/01/20- 09/30/20. Valid streaming services include: Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.

Additional Resources

 

Compare Cards

CardChase Sapphire PreferredChase Sapphire Reserve
Welcome BonusEarn 60,000 points after $4,000 spent within the first 3 months.Earn 50,000 points after $4,000 spent within the first 3 months.
Annual Fee$95$550
Rewards- Earn 2 points per $1 spent on travel and dining - Earn 5 points on Lyft Rides - Earn 1 point per $1 spent everywhere else- Earn 3 points for every $1 spent on travel and dining - Earn 10 points on Lyft Rides - Earn 1 point everywhere else
Upgraded StatusNational Car Rental, Avis, Silvercar, and Relais & Châteaux.
Credits$300 annual travel credit.
Extra Redemption ValuePoints are worth 25% more when redeemed for travel through Chase Ultimate RewardsPoints are worth 50% more when redeemed for travel through Chase Ultimate Rewards
Global Entry and TSA pre-checkStatement credit for Global Entry or TSA Pre-Check
No Foreign Transaction FeeNoneNone
Lounge AccessAccess to 1,000+ airport lounges, with a complimentary membership to Priority Pass.
Trip Cancellation InsuranceUp to $10,000 per person per trip for a max of $20,000 per yearUp to $10,000 per person per trip for a max of $20,000 per year
Auto Rental Collision InsurancePrimary coverage on rentals up to 31 daysPrimary coverage on rentals up to 31 days. Max $75,000 per rental
Travel Accident InsuranceUp to $500,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.Up to $1,000,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.
Lost Luggage ReimbursementUp to $3,000 per person for lost or damagedUp to $3,000 per person for lost or damaged
Trip Delay ReimbursementIf delayed more than 12 hours or overnight you can claim up to $500If delayed more than 6 hours or overnight you can claim up to $500
Extended Warranty ProtectionOne additional year (limit $10,000 each claim and $50,000 max per account)One additional year (limit $10,000 each claim and $50,000 max per account)
Purchase ProtectionLost and theft, up to 120 days. $10,000 per claim ($50,000 per account)Lost and theft, up to 120 days. $10,000 per claim ($50,000 per year)
Authorized User Fee$0$75
Luggage Delay InsurenceIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 daysIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 days
Road Side AssitanceOffers roadside assistance, but charges $59.95 per service call.Offers 4 free roadside service calls valued up to $50 each per year.

People also viewed:

Ink Business Preferred

Chase Sapphire Preferred

United Explorer

Chase Sapphire Reserve

Citi Premier Card

Ink Business Cash

Spark Cash Business

Ink Business Unlimited

Spark Miles Business

Venture Rewards

United Business

Miles & More

Amex Gold Delta

Amex Platinum Delta

Barcalys Aviater

Barclay Aviator Business

Amex Hilton Surpass

Hilton Honors Business

AAdvantage Platinum Business

Citi AAdvantage Card

Alaska Mileage Plan

Alaska Airline Business

US Bank Business Cash

JetBlue Business

JetBlue Card

Hawaiian Airlines

Hawaiian Business

Premium Rewards Card

Amex Gold

Citi Prestige

Amex Platinum Business

Southwest Business Premier

IHG Rewards Club

Marriott Bonvoy Boundless

Gold Delta Business

Platinum Delta Business

Southwest Rewards Plus

Amex Gold Business

USBank Business Leverage

Blue Business Plus

Amex Platinum

Capital One® Cash Rewards

Business Cash Rewards

Travel Rewards Business

TD Cash

Citi Costco Anywhere

United Club Infinite

British Airways

Aer Lingus Visa

Iberia Visa

World of Hyatt

IHG Rewards Traveler

Radisson Rewards

Amex Green

Amex Marriott Brilliant

Sonesta

*The estimate is based on our research on what approximate value consumers get when booking travel with points or transferring the points to partner airlines/hotels and booking award travel. You might need to be reward savvy to achieve the proper value. You can find out more on how we value points here

Please note: Although, I put a lot of effort to give my readers unbiased information. I’m legally required to notify you that I may be receiving compensation from credit card companies mentioned on this page. Please see our Advertisement Disclosure for more details.
The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.
Help Me Build Credit has partnered with AwardWallet and CardRatings for our coverage of credit card products. Help Me Build Credit, AwardWallet and CardRatings may receive a commission from card issuers.