Last updated: 10/8/2021

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Chase Sapphire Preferred

Earns: Chase Ultimate Rewards

GigaTake:

A card almost everyone should consider. It earns valuable Chase Ultimate Rewards points, which can be exchanged for travel, experiences, products, or cash. Cardholders get bonus points for travel and dining spending. And its $95 annual fee is in the middle of the pack.

This card is best for:

  • Dining
  • Travel

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Here’s how much you would earn with this card

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You could earn Worth Plus Welcome Bonus Total
{{totalPointsYouCouldEarn | number}} Chase Ultimate Rewards
per year
${{totalPointsYouCouldEarnValue | number}} {{welcomeBonus | number}} points
worth ${{welcomeBonusValue | number}}
${{totalValueToUser | number}}

How’d we figure that out?

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${{merchantCreditAmount | number}}Merchant Discounts

${{welcomeBonusAmount | number}}Welcome Bonus


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Pros

  • Great rewards (3 points per dollar) on dining. Good (2x) for travel.
  • Earns valuable and flexible Chase Ultimate Rewards.

Cons

  • $95 annual fee.
  • Chase Sapphire Reserve card may offer even greater rewards.

See how the Chase Sapphire Preferred compares to other credit cards

Chase Sapphire Preferred Other Cards


Hover the dots to view other Credit Cards

Reward Rate = 3x

Value = 1.8 cents per point
Effective Value = 5.4 %

0%
7%

Reward Rate = 2x

Value = 1.8 cents per point
Effective Value = 3.6 %

0%
6%

Reward Rate = 1x

Value = 1.8 cents per point
Effective Value = 1.8 %

0%
3%

Welcome Bonus = 60,000

Value = 1.8 cents per point
Effective Value = $1080

$0
$1700

Annual Fee = $95

$0
$995
Welcome Bonus
60,000

Excellent

Bonus Rating

Excellent

In the top 15% of cards.

Points

After you spend $4,000 in 3 months

GigaInfo about Welcome Bonuses Welcome Bonuses 101 Article
Spending Rewards
3x Dining

Excellent

excellent

Excellent

In the top 15% of cards.

2x Travel

Excellent

excellent

Excellent

In the top 15% of cards.

5x Lyft

Excellent

excellent

Excellent

In the top 15% of cards.

1x All Other

Very Good

very good

Is this card right for me?

That depends on your individual spending patterns. We have a tool that figures it out for you. Learn what you could earn.

Program Name
Chase Ultimate Rewards
Gigapoints Value
1.8¢ per point
0.4¢ PER POINT
2¢+ PER POINT
Annual Fee
  • $95
Use this card for…

You can earn more rewards by using different cards for different purchases. We built a tool that tells you which card to use, when. Just plug in your favorite brand, store, or category to find out which card pays the most.

Use the Best Card For tool Go

Additional perks of owning this card

$50 Hotel Credit

Earn as a $50 annual Ultimate Rewards Hotel Credit and 5X points on travel purchased through Chase Ultimate Rewards.

25% more in travel redemption

Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel.

DoorDash

Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service. Same page link to Offer Details Activate by December 31, 2021.

Peloton

Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021 Same page link to Offer Details, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.

Lyft

Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

The Fine Print

PURCHASES APR 15.99% to 22.99%
BALANCE TRANSFER APR 15.99% to 22.99%
BALANCE TRANSFER FEE Either $5 or 5% of the amount of each transfer, whichever is greater.
CASH ADVANCE APR 24.99%
CASH ADVANCE FEE Either $10 or 5% of the amount of each transfer, whichever is greater.
FOREIGN TRANSACTION FEE 0%