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All information about the Chase Sapphire Preferred Card has been collected independently by HelpMeBuildCredit. Chase Sapphire Preferred Card is no longer available through CardRatings. Advertiser Disclosure: Help Me Build Credit has partnered with advertising partners for our coverage of credit card products. Help Me Build Credit and our advertising partners may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the authors alone.

welcome offer

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

Bonus Value

Approximately $600 - $900

Annual Fee

$95

Card Rewards

5 points on travel booked through Chase Travel (SM)

5 points on Lyft rides through March 31, 2025

3 points on dining, streaming services, and online grocery excluding Target, Walmart, and wholesale clubs

2 points on all other travel

1 point on all other purchases

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All information about the Chase Sapphire Preferred Card has been collected independently by HelpMeBuildCredit. Chase Sapphire Preferred Card is no longer available through CardRatings. Advertiser Disclosure: Help Me Build Credit has partnered with advertising partners for our coverage of credit card products. Help Me Build Credit and our advertising partners may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the authors alone.

Author - Sam Updated: June 17, 2024 | Credit Card Review
Card Overview

The card_name 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 Chase Travel (SM). This card is the perfect match for a traveler looking for an overall great travel card. Check out more details about the benefits below.  

Why I Like This Card

I think the card_name is an excellent card for someone looking for a good basic travel card. The annual fee is only $95 so you can get yourself a travel card without investing too much. I wouldn’t consider the benefits on the card as luxurious but this is a low-cost card. The card has a great suite of basic travel benefits and protections (outlined in detail below). You are also looking at the cheapest Chase card that allows you to transfer points through Chase Travel (SM) to airline and hotel partners! Plus, your points are worth 25% more when redeemed through Chase Travel (SM).

Card-Smart Tips & Advice
  • Credit: Good credit needed (you will probably need at least one credit card open for more than a year)
  • Chase 5/24 rule: Chase will decline an applicant that has opened 5 or more personal cards (other issuers included) in the past 24 months. Hence, 5/24 rule
  • Max cards: You can get approved for up to 2 Chase credit cards in 30 days. Business cards and personal cards are counted separately
  • Apply for two cards: If you apply for one Chase card and get approved, it is recommended to apply for a second card since Chase is very good about approving for two cards, even within the same day. If the first application is still pending, wait for it to be approved before you apply for a second card
  • Credit bureau: Chase Bank will usually pull your Experian credit report
  • Combining same-day credit inquiries: Some data points suggest that credit inquiries for all Personal Chase cards for same-day applications will be combined; also, credit inquiries for all Business Chase cards for same-day applications will be combined. Credit inquiries for Personal and Business card applications will not be combined. 
  • Check application status: You can check your application status at  Chase.com  / Customer Center / Check my app status or call 1 888 338 2586
  • Reconsideration: If declined you can call 1 888 609 7805 to be reconsidered
  • Quickest way to get my card: You will be able to add your new card to your mobile wallet immediately after you get approved (it can sometimes take up to an hour for it to show up in your online login). You can also request Chase to overnight your physical card by calling Chase customer service.

  • Downgrade options: The Chase Sapphire Preferred card can be downgraded to Freedom Unlimited ($0), Freedom Flex ($0), or to the Sapphire ($0) - only available via product change. Please note, Chase will only allow you to downgrade the card after 12 months of account opening.

Approval Monitor (submitted by HelpMeBuildCredit users)

88% Approved
747 Avg. Score of those approved
12% Denied
Approved 88% (329)
Denied 12% (44)

Credit limit range $5,000-$45,000

Avg. Credit limit$11,523

Approved 88% (329)
Denied 12% (44)

Disclosure: These results are based on information submitted by HelpMeBuildCredit users. Credit card approval results are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Neither HelpMeBuildCredit nor the bank advertiser's take any responsibility on the accuracy of the information.

HelpMeBuildCredit 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

Welcome Offer Eligibility
The Chase Sapphire Preferred is not available to either current cardmembers of any Chase Sapphire credit card (Reserve or Preferred), or previous cardmembers of any Sapphire credit card (Reserve or Preferred) who received a welcome bonus within the last 48 months.
Card Details And Benefits
Anniversary Bonus Points

Get 10% anniversary bonus points when you renew your card. Chase will give you an extra 10% in points of what you spend; for spending $25,000 you’d get 2,500 in bonus points.

Auto Rental Collision Insurance

Worldwide primary coverage on rentals. Coverage is for rentals up to 31 days.

Credits

Get a $15 Instacart statement credit each quarter plus a free Instacart+ membership for 6 months

Get a $50 annual hotel credit each cardmember year. The hotel booking must be made through the Chase Travel Portal.

Extended Warranty Protection

Get your original manufacturer’s warranty time-matched (up to a year). (Will only cover if the original warranty is for 3 years or less). Max $10,000 per claim, $50,000 per account.

Extra Redemption Value

Points are worth 25% more when redeemed for travel through Chase Travel (SM)

Lost Luggage Reimbursement

Get up to $3,000 per person for lost or damaged luggage.

Luggage delay insurance

If your baggage is delayed for 6+ hours, you can claim up to $100 per day to cover expenses like toiletries & clothing, for up to 5 days.

Purchase Protection

Get refunded if your purchase is damaged, or stolen for up to 120 days from the date of purchase. Max $10,000 per claim $50,000 per year.

Roadside Assistance

Get roadside service assistance for $59.95 per call.

Travel Accident Insurance

Get coverage if you, G-d forbid, die in an accident while traveling or lose a limb, sight, speech, or hearing (on common carriers). Receive up to $500,000 in compensation.

Trip Cancellation Insurance

Coverage for canceled or interrupted travel due to an unforeseen medical emergency etc. Max $10,000 per person for non-refundable travel expenses including flight tickets, hotels, and more.

Trip Delay Reimbursement

If your flight is delayed for 12+ hours, you can claim up to $500 per trip to cover expenses like meals, lodging, toiletries, medication, and other personal use items.

How can the points be redeemed?
Cashback:

The points can be redeemed as cashback for 1 penny per point. 

Chase Travel:

If you only have the Chase Sapphire Preferred Card then you can get 1.25 cents per point through Chase Travel (SM).

If you also have the Chase Sapphire Reserve then you can transfer your points from your Chase Sapphire Preferred Card to the Reserve to redeem 1.5 cents per point through Chase Travel (SM).

With Chase Travel (SM), you can book any travel including flights, car rentals, hotels, and more (similar to Expedia).

Transfer to airline and hotel programs:

You can transfer your points to any of the following Chase Travel Partners.

Airline partners:

Transfer Ratio Transfer Time
Aer Lingus, AerClub 1:1 Instant
Air Canada, Aeroplan 1:1 Instant
British Airways, Avios 1:1 Instant
Emirates, SkyRewards 1:1 Instant
Air France/KLM, Flying Blue 1:1 Instant
Iberia, Iberia Plus 1:1 Instant
JetBlue, TrueBlue 1:1 Instant
Singapore Airlines, KrisFlyer 1:1 12-24 hours
Southwest, Rapid Rewards 1:1 Instant
United Airlines, MilagePlus 1:1 Instant
Virgin Atlantic, FlyingClub 1:1 Instant

Hotel partners:

Ratio Transfer Time
Hyatt, World Of Hyatt 1:1 Instant
IHG, Rewards Club 1:1 1 day
Marriott, Bonvoy 1:1 2 days
Pay Yourself Back

You can also Pay Yourself Back by paying for purchases on your card and offsetting the purchases with points. You can get 1.25 cents per point.

This can only be done on purchases within certain categories, and Chase constantly changes the eligible categories. The current category until 12/31/24 is:

  • Select charities

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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.

Advertiser Disclosure: Help Me Build Credit has partnered with advertising partners for our coverage of credit card products. Help Me Build Credit and our advertising partners may receive a commission from card issuers.

The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

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