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The Chase Sapphire Preferred® Card has a legion of travel fans for good reason. The card packs in features common with the best travel credit cards, such as a large sign-up bonus, premium rewards in several diverse spending categories, and perhaps most importantly, one of the top travel rewards programs we've come across. Its annual fee is justifiable for most cardholders. Check out our in-depth Chase Sapphire Preferred® Card review to see if this card is a fit for your needs.
This credit card is a good fit for: Travelers who want the most versatile travel points we know of and a great introductory bonus offer.
On Chase's Secure Website.
On Chase's Secure Website.
With a big sign-up bonus, the sky’s the limit for this top-rated travel rewards card. Plus, the premium points program for travel and dining make it a no brainer for travel enthusiasts everywhere.
You earn 60,000 bonus points after spending $4,000 on purchases in the first three months. That's worth $750 for travel when redeemed through Chase's travel portal.
This card earns points for a range of valuable purchases. Here are the earn rates by purchase category:
An annual $50 hotel credit is available for hotel stays booked through the Chase Ultimate Rewards portal. New cardmembers will start earning toward this perk immediately, while current cardholders will start earning this perk after their next card anniversary.
Read more: Best Hotel Credit Cards
At each cardmember anniversary, you'll earn bonus points equal to 10% of your total purchases made in the previous year. For example, if you spend $20,000, you'll earn an additional 2,000 bonus points.
This is one of Chase's credit cards that earns Chase Ultimate Rewards points, one of the most valuable types of travel rewards. You can redeem points toward cash travel purchases through Chase's travel portal at a rate of $0.0125 per point.
Another option is transferring points to the loyalty program of Chase's many airline and hotel partners. These give you a chance to make very high-value award bookings, which are a great way to maximize the value of Ultimate Rewards points.
Foreign transaction fees can quickly add up when whipping out credit cards for purchases abroad. The card's foreign transaction fee is 0% -- that's a savings of $60 on $2,000 worth of international spending that would otherwise incur a typical 3% fee on many other cards.
Chase's travel insurances and consumer protections are robust when compared to other credit card issuers. They include:
If you want more points for gas and in-store supermarket purchases: The Citi Premier® Card earns 3 points per $1 for travel, dining, gas, and supermarkets, all with the same $95 annual fee.
If you want a no annual fee travel card: The Bank of America® Travel Rewards credit card is a solid pick for those with smaller budgets. This card earns unlimited 1.5 points per $1 on purchases and includes a 25,000-point sign-up bonus after spending $1,000 within 90 days. That's a strong offer for a card that doesn't cost you an annual fee.
For a broader look at card options, check out our list of the best credit cards.
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Citi Premier® Card | Bank of America® Travel Rewards credit card |
Rating image, 4.50 out of 5 stars.
4.50 stars
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. |
Rating image, 5.00 out of 5 stars.
5.00 stars
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. |
Apply Now for Citi Premier® Card
On Citi's Secure Website. |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Credit Rating Requirement: |
Credit Rating Requirement: |
80,000 ThankYou® Points |
25,000 points |
1x - 3x points |
1.5 points per dollar |
Intro APR: Purchases: N/A Balance Transfers: N/A |
Intro APR: Purchases: See Terms Balance Transfers: See Terms |
Regular APR: 17.49% - 25.49% (Variable) |
Regular APR: See Terms |
Annual Fee: $95 |
Annual Fee: $0 |
Highlights:
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Highlights:
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Apply Now for Citi Premier® Card
On Citi's Secure Website. |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
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The Chase Sapphire Preferred® Card charges a $95 annual fee. While it is a justifiable annual fee for many, it's a fee, nonetheless.
Some of the card's perks are only offered for a limited time, which is problematic for two reasons. The first is that it's tougher to keep track of your credit card's features when they change every few months. It's also frustrating when those special offers end, because your card loses a portion of its value.
Read more: Best Sign-up Bonus Credit Cards
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
The Chase Sapphire Preferred® Card's annual fee is worth it for many travelers, given the rewards, sign-up bonus, and extra perks it offers. The sign-up bonus is already worth $750 in travel with Chase, which is enough by itself to justify the card's annual fee for many years
Beyond just the first year, the card still retains its value for cardholders with modest credit budgets. You'd need to earn only 7,600 Ultimate Rewards points to balance out the annual fee. That's because, at a rate of $0.0125 per point for travel purchases, 7,600 points is worth $95 in travel.
With several new earning categories with high earning rates, this is an achievable goal for many cardholders.
However, there are situations in which you could find a better deal with another card. For example, if you spend only a few hundred dollars per month on your credit card, you'd be better off with a no annual fee travel credit card.
Though it has a higher annual fee, the Chase Sapphire Reserve® is worth considering alongside this card. Importantly, the two credit cards offer big sign-up bonuses, premium rewards for travel and dining, and access to Chase's valuable Ultimate Rewards program. But there are some differences to consider when choosing between the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®.
PERKS | CHASE SAPPHIRE PREFERRED | CHASE SAPPHIRE RESERVE |
---|---|---|
Annual fee | $95 | $550 |
Travel rewards | 2 points per $1 | $3 points per $1 |
Travel rewards (booked through Chase) | 5 points per $1 | 10 points per $1 on hotel and car rentals, 5 points per $1 on air travel |
Dining rewards (paid for outside of Chase) | 3 points per $1 | 3 points per $1 |
Dining rewards (booked through Chase) | 3 points per $1 | 10 points per $1 |
Streaming services rewards | 3 points per $1 | None |
Online grocery rewards | 3 points per $1 | None |
Ultimate rewards redemption bonus | 25% | 50% |
Sign-up bonus | 60,000 points after spending $4,000 within three months | 60,000 points after spending $4,000 within three months |
Airport lounge access | None | 1,300+ lounges |
Anniversary bonus points | 10% of the total purchases made in the previous year | None |
Travel statement credits | Annual $50 hotel credit | Global Entry or TSA Pre✓®, $300 each anniversary year for travel purchases |
When to pick Chase Sapphire Preferred® Card: This card is best suited for everyday cardholders, who occasionally travel and don't place much value in the perks offered only with the Chase Sapphire Reserve®, such as reimbursement for Global Entry or TSA Pre✓® fees, and access to certain airport lounges.
When to pick Chase Sapphire Reserve®: Frequent travelers could find more value in Chase Sapphire Reserve's premium perks, such as higher rewards for travel and dining, and travel statement credits. But those perks come at a cost of a much higher annual fee.
Applicants will have the best shot of securing approval for the Chase Sapphire Preferred® Card with a credit score of 670 or higher. It is possible to be approved with a lower score and even to not be approved with a higher score. Many factors are considered during the underwriting process, including the notorious Chase 5/24 rule, and these can sway an approval decision.
Learn more: What Credit Score Do I Need for a Chase Credit Card?
The Chase Sapphire Preferred® Card will be a match if you want a card that offers versatile travel rewards and that doesn't cost much per year. It's loaded with great travel perks, includes a hotel credit and anniversary points bonus, and offers high earning rates in a few new categories.
The best thing about the Chase Ultimate Rewards program is all the redemption opportunities it offers. You can transfer your points if there's an award booking you like, and if not, you can always use the Chase travel portal to book travel at cash prices. The Chase Sapphire Preferred® Card can earn you a lot of points in this program at a reasonable annual fee.
If this card isn't the right fit for you, take a look at our picks for the best travel rewards credit cards to find something more in line with your needs.
The minimum credit limit for the Chase Sapphire Preferred Card tends to be $5,000. Credit limits up to $30,000 have been self-reported by cardholders.
Yes, the Chase Sapphire Preferred Card is made of a metal alloy. It weighs about 12.4 grams.
Yes, the Chase Sapphire Preferred Card can be used anywhere Visa cards are accepted. It also charges no foreign transaction fees for purchases made abroad and/or in a foreign currency.
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