The Chase Sapphire Preferred® Card
Current Welcome Offer
75,000 Membership Rewards Points after spending $4,000 in the first 3 months of card membership
Overall Rating: 4.4 / 5
Total value of benefits vs annual fee: ⭐️⭐️⭐️⭐️⭐️
Everyday earning potential: ⭐️⭐️ ⭐️
Travel Benefits and Credits: ⭐️⭐️⭐️⭐️⭐️
Other benefits and Credits: ⭐️⭐️⭐️⭐️
Good for International Travel Use: ⭐️⭐️⭐️⭐️⭐️
Author's Review
This card packs quite a punch for only having a $95 annual fee.
First off, having access to the Chase Ultimate Rewards ecosystem means that you have access to some of the most lucrative rewards redemption options in the industry, including Hyatt, United, British Airways, Air Canada, and Flying Blue.
Second, what makes this card so valuable is that it is one of three Chase cards that allow you to transfer your points to travel partners at a 1:1 transfer rate. When combined with other Ultimate Rewards-earning cards, you can realize between 25% and 300% more value per point via transfer redemptions.
Lastly, the earning structure spans across several everyday spend categories, making this card a must-have for anyone looking to maximize their Chase UR points.
Is this card for you?
This card is for you if you...
are new to the points and miles game and are looking for an introductory card to start learning how to redeem for travel
plan to use this card to book airfare or hotels
have any or both of the Chase Freedom personal cards
dine out, order takeout/delivery, or use Doordash to order delivery or takeout
have not opened 5 or more personal credit card accounts in the last 24 months
use public transportation and/or Lyft to get around
purchase groceries online or meal kits online
subscribe to any of these streaming services (Apple Music, Apple TV, Disney+, ESPN+, Fubo TV, Max, Hulu, Netflix, Pandora, Paramount+, Peacock, Showtime, SiriusXM, Sling, Spotify, YouTube Premium, YouTube TV and Vudu)
stay at IHG, Marriott, or Hyatt hotels and properties
Even if you don't do all of the above, you can still get tons of great value.
Summary of Card Features
Annual fee
$95
Ultimate Rewards
5x total points on travel purchased through Chase Travel, excluding hotel purchases that qualify for the $50 Annual Chase Travel Hotel Credit
5x points on Lyft rides through March 31, 2025
5x total points on Peloton equipment and accessory purchases over $150 with a max earn of 25,000 total points now through Mar. 31, 2025
3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
3x points on select streaming services
2x on other travel purchases
1x on all other purchases
Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. That means if you spend $25,000 on purchases, you'll get 2,500 bonus points.
Travel Benefits
No foreign transaction fees
$50 in statement credits each account anniversary year for hotel stays purchased through Chase Travel.
Ultimate Rewards points are worth 25% more i value when redeemed for travel. For example: 60,000 points are worth $750 toward travel when redeemed through Chase Travel.
Other Benefits
Complimentary access to DashPass when you activate by December 31, 2024.
6 months of complimentary Instacart+. Must activate by July 31, 2024. Plus, Instacart+ members earn up to $15 in statement credits each quarter through July 2024.
Trip Cancellation/Interruption Insurance
Auto Rental Collision Damage Waiver
Baggage Delay Insurance
Trip Delay Reimbursement
Travel and Emergency Assistance Services
Purchase Protection
Extended Warranty Protection
Global 24/7 Access to a Customer Service Specialist
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