Chase Sapphire Preferred Review: The Traveler's Companion

Sapphire Preferred: $750 travel bonus, 5x on travel, $95 fee.

Chase Sapphire Preferred Review: The Traveler's Companion


  • Annual Fee: $95, a modest investment for frequent travelers.
  • Rewards Rate: Earn up to 5x points on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services, and online groceries (excludes Target, Walmart, and wholesale clubs), plus 2x on all other travel purchases, and 1x on all other purchases.
  • Sign-Up Bonus: Receive 60,000 bonus points after spending $4,000 in the first 3 months, equivalent to $750 in travel when redeemed through Chase Ultimate Rewards®.
  • APR: Variable 21.49%-28.49%, aligning with typical credit standards.


  • Broad Earning Categories: From dining to diverse travel purchases, accumulate points rapidly in areas that matter to you.
  • Flexible Redemption: Redeem points for travel, transfer to airline and hotel partners, or explore other options through Chase Ultimate Rewards®.
  • Anniversary Bonus: Gain points equal to 10% of your yearly purchases.
  • Global Acceptance: No foreign transaction fees, making it ideal for international use.
  • Travel Protections: Benefit from primary rental car coverage and trip insurance.


  • Annual Fee: Carries a $95 annual fee, which could offset rewards for less frequent travelers.
  • Reward Complexity: Multiple categories and rates can make maximizing rewards challenging.
  • Limited Direct Perks: Lacks some of the premium travel benefits of higher-fee cards.

Product Summary

The Chase Sapphire Preferred® Card merges extensive travel rewards with practical benefits, making it nearly indispensable for regular travelers. Its annual fee is easily offset by the value of rewards and benefits, especially for those who frequently dine out or travel. The flexible redemption options enhance its appeal, allowing cardholders to maximize their points for travel and various rewards. The sign-up bonus alone positions it as a highly attractive option, offering a substantial head start on travel rewards. Coupled with the broad earning categories and the extra value gained when booking through Chase Ultimate Rewards®, it's a robust choice for anyone looking to get more from their spending. While the rewards structure might seem complex, this very flexibility allows savvy users to extract significant value from the card, particularly through strategic redemption and the leveraging of transfer partners. The Chase Sapphire Preferred® stands as a cornerstone of travel rewards, offering an enriching array of benefits catering to both seasoned and occasional travelers.

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