Chase Sapphire Preferred Card
Earn 5X on travel and 3X on dining with 14 transfer partners
Earn 5X points on Chase Travel bookings and 3X on dining with a $95 annual fee. Activate complimentary DashPass by 12/31/29 for membership until 12/31/29 or 12 months, whichever is longer. A separate non-restaurant DoorDash checkout discount requires active CSP DashPass and eligible purchases; savings depend on use. Transfer points to 14 airline and hotel partners, 13 of them at 1:1 — worth 1.5-2+ cents each when redeemed strategically.
- Annual Fee
- $95
- Ultimate Rewards points · Welcome Bonus
- 75,000
- Highest rate (conditional)
- Up to 5X (Travel portal)
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $95
- Authorized User Fee
- $0
- Foreign Transaction Fee
- $0
- Network
- Visa Signature
- Rewards Currency
- Chase Ultimate Rewards
- Point Value (Transfer Estimate)
- 1.5–2.05 cpp (mid: 1.8)
- Credit Required
- Good to Excellent
Welcome Offer
75,000
Ultimate Rewards points
Spend $5,000 in the first 3 months
Earn 75,000 bonus points after $5,000 spend in 3 months. When transferred to partners like Hyatt or United, these points are worth $1,125-1,500 in travel — covering round-trip flights or 3-4 hotel nights.
Earning Rates
- 5X
Travel
Travel booked via Chase Travel portal
- 5X
Hotels
- 5X
Flights
- 5X
Car Rentals
- 3X
Dining
Dining at restaurants
- 3X
Gas Stations
Gas stations
- 3X
Electric Vehicle Charging
Electric vehicle charging
- 3X
Vacation Rentals
Chase's wording is "vacation homes at top brands" and it points to chase.com/RewardsCategoryFAQs for which brands qualify. the brand restriction is not yet enumerated because the FAQ was not read.
- 3X
Streaming
Select streaming services
- 3X
Grocery Stores
Earn 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
- 2X
Travel
Travel not booked through Chase Travel
- 5X
LyftLimited time
Earn 5x points on Lyft rides through September 30, 2027
- 5X
PelotonLimited time
Earn 5x total points on eligible Peloton equipment and accessory purchases over $150, on up to $5,000 in total purchases, through 12/31/2027
Cap: $5,000/lifetime
- 1X
All Other
All other purchases
Earning Scenarios
5X on Chase Travel Bookings
Earn 5 points per dollar on hotels, flights, car rentals, and cruises through Chase Travel. Transfer those points to partners for 1.5-2+ cents each — effectively 7.5-10% back on travel.
Book a $3,000 trip on Chase Travel: earn 15,000 points (worth $188-300 when transferred to partners)
3X on Dining Worldwide
Earn 3 points per dollar at restaurants, bars, and food delivery with no annual cap. Transfer to partners for 1.5-2+ cents each — effectively 4.5-6% back.
Spend $1,500 monthly on dining: earn 54,000 points annually (worth $810-1,080 via transfers)
3X on Streaming Subscriptions
Earn 3 points per dollar on Netflix, Disney+, Spotify, Apple TV+, and other streaming services.
Pay $500 annually in streaming: earn 1,500 points (worth $23-30 via transfers)
3X on Online Grocery Orders
Earn 3 points per dollar on online grocery purchases via Instacart, Amazon Fresh, Whole Foods delivery, and retailer platforms (excludes Target, Walmart, wholesale clubs).
Spend $200 monthly on online groceries: earn 7,200 points annually (worth $108-144 via transfers)
2X on Direct Travel Bookings
Earn 2 points per dollar on hotels, flights, and transportation booked directly outside Chase Travel. Covers airline websites, hotel chains, and ride-shares.
Book $2,000 in direct travel annually: earn 4,000 points (worth $60-80 via transfers)
1X on All Other Purchases
Earn 1 point per dollar on purchases outside bonus categories with no caps or restrictions.
Spend $3,000 monthly on other purchases: earn 36,000 points annually (worth $540-720 via transfers)
Benefits & Perks
Travel Benefits
3 perksGeneral Travel
Hotels & Lodging
Annual Credits & Statement Credits
3 creditsUp to
$107.50
in recurring credits (annual) · Plus $180 first-year / eligibility-dependent
A year of Apple TV, valued at $180
Complimentary Apple TV for a year when you activate by December 31, 2026
$180
One-time
$120 Global Entry/TSA PreCheck/NEXUS credit
Statement credit of up to $120 every four years for the Global Entry, TSA PreCheck or NEXUS application fee
$120
Every 4 years
$100 hotel credit
Get a $100 annual statement credit on hotel stays through Chase Travel, available immediately to new cardholders.
$100
Annual
Insurance & Protections
9 protectionsTravel and Emergency Assistance Services
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
Auto Rental Coverage
primary
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to
$10,000 Trip Cancellation Insurance per person
Reimburses up to $10,000 per person ($20,000 per trip) for prepaid travel when cancelled or interrupted due to illness or severe weather.
$500 Baggage Delay Insurance ($100 per day)
Reimburses up to $100 per day for 5 days ($500 total) for essential purchases like toiletries and clothing when baggage delayed 6+ hours.
Extended Warranty Protection adds 1 extra year
Extends U.S. manufacturer's warranty by 1 year on warranties of 3 years or less (4 years total coverage).
Show all 9 protectionsShow fewer protections
$3,000 Lost Luggage Reimbursement per traveler
Reimburses up to $3,000 per traveler for checked or carry-on baggage lost, damaged, or stolen during a trip.
120-day Purchase Protection up to $500 per item
Covers purchases for 120 days against damage or theft up to $500 per item with secondary coverage after other insurers.
Travel Accident Insurance up to $500,000
Provides up to $500,000 in accidental death or dismemberment coverage when you pay for air, bus, train, or cruise travel.
$500 Trip Delay Reimbursement per traveler
Reimburses up to $500 per traveler for meals, lodging, and toiletries when travel delayed 12+ hours or requires overnight stay.
Delivery Memberships & Offers
Complimentary DashPass after activation
Activate by 12/31/29 for DashPass until 12/31/29 or 12+ months. Enrolled card required; in-app minimums, fees and taxes apply.
Up to $10 monthly on a non-restaurant DoorDash order
Up to $10/mo on one non-restaurant order. Requires CSP DashPass, enrolled card and checkout promo. Check minimums; no rollover. Fees/taxes/tips extra.
Dining Out
3x at restaurants
Chase Ultimate Rewards
≈$5.40 in value on a $100 dinner, at our valuation of 1.8¢ per point
Annual fee: $95
Explore 53,025 restaurants with this cardStack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 3x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Program & Transfers
Chase Ultimate Rewards
Chase Ultimate Rewards rewards earned with this card can transfer to 14 loyalty partners.
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the World of Hyatt transfer, widely considered the best hotel transfer value in the industry, at 4:3 since October 1, 2026 (1,000 points become 750 Hyatt points). With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. Southwest Rapid Rewards is a 1:1 partner, one of two transferable currencies (with Bilt) that reach Southwest. Chase's Southwest card terms do not say whether transferred points count toward the Companion Pass. Points Boost is card-specific: the Sapphire Preferred can reach up to 1.5 cents per point on select flights and hotels through Chase Travel, while the Sapphire Reserve can reach up to 2 cents per point. Pay Yourself Back values also depend on the card and current offer. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards useful for both beginners and optimization experts.
Program Ratings
Recent Changes & News
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer Partners (14)
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Airlines
(10)Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
View detailed transfer ratios
Airlines
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 7-10 days | — | — | |
| 1:1 | 7-10 days | 91% | 1.25 cpp | |
| 1:1 | 7-10 days | 85% | 1.3 cpp | |
| 1:1 | 7-10 days | 79% | 1 cpp | |
| 1:1 | 7-10 days | 79% | 1.35 cpp | |
| 1:1 | 7-10 days | 79% | 1.25 cpp | |
| 1:1 | 7-10 days | 79% | 1.25 cpp | |
| 1:1 | 7-10 days | 79% | 1.2 cpp | |
| 1:1 | 7-10 days | 73% | 1.25 cpp | |
| 1:1 | 7-10 days | 67% | 1.35 cpp |
Hotels
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 7-10 days | — | 0.7 cpp | |
| 4:3 | 7-10 days | 103% | 1.65 cpp | |
| 1:1 | 7-10 days | 42% | 0.7 cpp | |
| 1:1 | 7-10 days | 36% | 0.6 cpp |
Sweet Spots — Best Redemptions
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | Europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | Europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | Europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | Europe |
| Intra-Europe in Economy | 7,500 | Flying Blue | economy | Europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | Europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | United States |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | United States |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | United States |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | United States |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | United States |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | United States |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | Europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | Europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | Europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | Europe |
| US to Europe in Economy | 25,000 | Flying Blue | economy | Europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | Europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | Europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | United States |
Showing top 20 of 54 sweet spots
Reviews & Analysis
Third-Party Rankings & Ratings
5 sourcesCategory Rankings (5 categories)
How It Compares
With a $95 annual fee, the Sapphire Preferred delivers 5X on Chase Travel and 3X on dining with complimentary DashPass membership access after activation by 12/31/29. A separate offer provides up to $10 off one eligible non-restaurant DoorDash order monthly: active CSP DashPass, enrolled-card payment and checkout selection are required; check minimums, with no rollover and fees, taxes and tips extra. Points transfer to 14 partners, 13 at 1:1, often redeeming for 1.5-2+ cents each.
Pros and Cons
Pros
- +75,000 point welcome bonus after $5,000 in purchases in the first 3 months
- +$95 annual fee partly offset by a $100 Chase Travel hotel credit each account anniversary year
- +Transfers to 14 airline and hotel partners, 13 at 1:1 and Hyatt at 4:3
- +5X on Chase Travel, 3X dining, streaming, online groceries
- +Trip cancellation, delay, and lost luggage insurance included
- +No foreign transaction fees
- +$0 authorized user fee for point pooling
Cons
- -$95 annual fee vs $0 Freedom cards
- -No lounge access included
- -5/24 rule restricts applicants with 5+ cards in 24 months
- -No 0% intro APR offer
Who It's Best For
Best For
- First-time travel rewards users stepping up from cash back
- Point transfer enthusiasts who want Hyatt, United, Southwest access
- Dining and streaming maximizers earning 3X on everyday spend
- Travelers seeking solid insurance without premium fees
- Budget-conscious travelers who want a $100 annual hotel credit
Not Ideal For
- Heavy travelers who would benefit from CSR's lounge access
- Those who prefer flat-rate cash back simplicity
- Users who won't use transfer partners (1 cpp redemptions)
The Math: Is $95 Worth It?
First-year value includes $1,350.00 welcome bonus
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$172.50
Annual Fee
-$95
Net Annual Value
-$30.50
Details & Terms
Application Rules
| Rule | Details |
|---|---|
| Sapphire Preferred bonus eligibility | This credit card is unavailable to you if you currently have this card open. The new cardmember bonus may not be available to you if you previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed in determining your bonus eligibility. |
| 5/24 | Chase applications will be declined if 5 new cards have been added to your personal credit report in the past 24 months. |
| Chase 2/30 | You'll be declined if you apply for a third Chase card of any kind within 30 days |
| Chase 4/6 | Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months |
Payment Terms
| Purchase APR | 19.49%–27.74% (Variable) |
| Cash Advance APR | 28.74% (Variable) |
| Foreign Transaction Fee | $0 |
| Authorized User Fee | $0 |
Card Family
Sapphire family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Chase Sapphire Reserve | super premium | $795 | |
| Chase Sapphire Reserve Business | super premium | $795 |
Product changes available between family members without a new credit inquiry.
FAQs
Is it better to use Chase points for travel or cash back?
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
What is the most efficient way to redeem Chase points?
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
Which Chase card is best for rewards?
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
Can you book Airbnb through Chase Travel?
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
Who has more lounges, Chase or Amex?
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
Media & Resources
Video Reviews
10 videosIs the Chase Sapphire Preferred STILL Worth It in 2025
Chase Sapphire Preferred vs Amex Gold Comparison | Best
Chase Sapphire Preferred 2025 Guide: Everything You Need
Chase Sapphire Preferred HIDDEN Benefits You Didn't Know
Chase Sapphire Preferred Card Complete Benefits Review
Why I Still Keep the Sapphire Preferred After 5 Years
Chase Sapphire Preferred BEST EVER Offer in 2025
CSP welcome bonus strategy
Chase Sapphire Preferred in 60 seconds
Third-Party Articles & Reviews
Chase Sapphire Preferred review - Credit Cards
CNBC Select's best travel credit card review of the Chase Sapphire Preferred with comprehensive benefits breakdown
Chase Sapphire Preferred Card Review
Chase Sapphire Preferred Card review: A top travel and dining card
Chase Sapphire Preferred Review: Strong Option for Travel and Dining
NerdWallet's detailed review covering bonus points, travel redemption values, and comparison to competing cards
Chase Sapphire Preferred® Card Review - 50,000 Point Sign Up
Doctor of Credit's comprehensive review with credit score requirements and detailed benefit analysis
Chase Sapphire Preferred Card Review
Why Chase Sapphire Preferred Is a Must-Have for Travelers
Guide explaining the key reasons why the Chase Sapphire Preferred is essential for travel-focused cardholders
Chase Sapphire Preferred® Card 2026 Review
U.S. News comprehensive 2026 review with features, drawbacks, and comparisons to competing cards
How To Get the Chase Sapphire Preferred Card 70K to 80K Bonus
Detailed analysis of bonus offers and how to maximize point value through the Chase Travel portal
Why the Chase Sapphire Preferred Is the Best for Travel Purchases
In-depth guide explaining why the Chase Sapphire Preferred excels for travel purchases with 5x points through Chase Travel
Chase Sapphire Preferred Card Review: Terrific Value For Travelers
CreditCards.com review with detailed comparison to competing travel cards and value analysis
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| Chase Official | — | Chase Official |
| Chase | Chase: Multiple card facts | |
| RewardsCC API | — | RewardsCC API |
| Chase | Chase: Welcome offer | |
| Chase | Chase: Apr | |
| Chase | Chase: Apr | |
| Issuer Page | Issuer Page: Earn rates | |
| Issuer Page | Issuer Page: Welcome offer | |
| Chase | Chase |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
Partner credits at
Merchants this card gives you a statement credit or membership at. Unlike the brands above, this isn't about earn rate — it's money the card hands back when you spend there.
Articles about this card
- Card StrategyMonthly versus annual card credits: build a calendar that follows the termsMonthly, half-year, quarterly, anniversary-year, and four-year credits each reset on their own clock. Build a benefit calendar that follows the actual terms.
- Points & MilesChase points for Hyatt versus a cash hotel rate: a worked comparisonA worked two-night comparison of Chase points transferred to Hyatt against the cash rate: the 4:3 ratio, resort fees, and the rewards a paid stay would earn.
- Card StrategyDoorDash credits versus ordering directly: calculate what you actually saveA DoorDash discount lowers the delivery price, not necessarily what you spend. Compare the same basket ordered direct, with fees, tips, and DashPass included.