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The  Chase Sapphire Preferred® Card is the ideal card for casual travelers who want earn points on travel and dining.


Key features

Spending Multipliers:

  • Earn 5X points on travel through  Chase Ultimate Rewards
  • Earn 3X points on dining purchases including fine dining, coffee shops, and fast food restaurants
  • Earn 1X points on all other purchases

Foreign transaction fees: 0%

Point Redemptions:

  • Redeem points for 1.25X in travel through the  Chase Travel Portal
  • 1:1 Point transfer to airline and hotel partners

Review: Is the  Chase Sapphire Preferred Worth It?

The  Chase Sapphire Preferred has a $95 annual fee that is not waived your first cardmember year. Earn 2X points on travel and 3X on dining purchases.

The  Chase Sapphire Preferred is ideal for those who want a higher point redemption (25%) for travel by using the  Chase Ultimate Rewards Travel Portal and access to transfer partners.

Travel confidently with built-in travel protections when you book trips with the  Chase Sapphire Preferred. Below are a handful of travel benefits:

  • Primary auto rental collision damage waiver (CDW)
  • Trip cancellation/interruption insurance
  • Baggage delay insurance
  • Trip delay reimbursement

If you're looking for access to airport lounges, consider the  Chase Sapphire Reserve instead.

Who Should Get the  Chase Sapphire Preferred?

The  Chase Sapphire Preferred is good for anyone who...

  • Wants a travel credit card that has trip protections and no foreign transaction fees
  • Spends a lot on dining and wants to accumulate points for travel
  • Wants access to the  Chase Ultimate Rewards Travel Portal to redeem points for travel at 1.25X

How Much Are Chase Ultimate Rewards Points Worth?

Depending on how you plan on redeeming your  Chase Ultimate Rewards points, they can be worth between 1-2 cents per point.

Chase Ultimate Rewards Redemption Rates
Value Per Point
Statement Credits 1 cent
Cash Back 1 cent
Gift Cards 1+ cent
Travel via Chase Ultimate Rewards Travel Portal 1.25 cents
Airline and Hotel Transfer Partners 1.25+ cents

Optimal Strategy

If you have the  Chase Freedom and the  Chase Freedom Unlimited, the optimal strategy would be to pool the Ultimate Rewards points you earn from those cards to the  Chase Sapphire Preferred.

The  Chase Sapphire Preferred is a travel card that lets you redeem points for travel via the  Chase Ultimate Rewards Travel Portal for 1.25X. If you want to get even more value from the Ultimate Rewards points, you can transfer the points out to airline or hotel transfer partners and get up to 2 cents per point in value.

Product Change Options

If for some reason you don't get positive expected value from the  Chase Sapphire Preferred after the first year, you can product change it to a  Chase Freedom Flex or  Chase Freedom Unlimited.

You cannot request a product change if the  Chase Sapphire Preferred is less than 12 months old.

On the other hand, if you want even more travel benefits after the first year of having the  Chase Sapphire Preferred, you can product change the card to a  Chase Sapphire Reserve.

Important note: The  Chase Sapphire Reserve $550 annual fee is issued on the first billing statement. You do not receive an intro bonus for the  Chase Sapphire Reserve when you request a product change.

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