Last updated: 4/14/2022

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

GigaPoints has partnered with CardRatings for our coverage of credit card products. GigaPoints and CardRatings may receive a commission from card issuers. However, opinions, reviews, analyses & recommendations are GigaPoints’ alone, and have not been reviewed, endorsed or approved by any of these entities. Read more here.

Here’s how much you would earn with this card

(Based on spending from {{earliestTransactionDate | date}} through {{latestTransactionDate | date}})

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}}

${{totalAmount | number}} =

{{totalAmount | number}} =

–${{annualFeeAmount | number}}Annual Fee

${{basePointsAmount | number}} All Other ({{card.card.earning_rate}}%x) All Spending ({{card.card.earning_rate}}%x)

${{merchantBonusAmount | number}}{{ merchantsBonusLabels | commaSeparate }} ({{merchantsBonusAmounts[0].multiplier}}%x)

${{categoryBonusAmount.bonus | number}}{{categoryBonusAmount.category }} ({{categoryBonusAmount.multiplier}}%x)

${{categoryDiscount.discount | number}}{{categoryDiscount.category}} Credit

${{merchantCreditAmount | number}}Merchant Discounts

${{welcomeBonusAmount | number}}Welcome Bonus

Annual Fee${{annualFeeAmount | number}}

All Other ({{card.card.earning_rate}}%x) All Spending ({{card.card.earning_rate}}%x) ${{basePointsAmount | number}}

Merchant Bonus ({{merchantsBonusAmounts[0].multiplier}}%x)${{merchantBonusAmount | number}}

{{categoryBonusAmount.category }} ({{categoryBonusAmount.multiplier}}%x)${{categoryBonusAmount.bonus | number}}

Welcome Bonus${{welcomeBonusAmount | number}}

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

Rewards

Show Rewards For:

Hover the dots to view other Credit Cards

Reward Rate = 3x

Value = 1.8 cents per point
Effective Value = 5.4 %

Reward Rate = 2x

Value = 1.8 cents per point
Effective Value = 3.6 %

Reward Rate = 1x

Value = 1.8 cents per point
Effective Value = 1.8 %

Welcome Bonus = 80,000

Value = 1.8 cents per point
Effective Value = $1440

$1700

Annual Fee = $95

$995

Welcome Bonus

80,000 Points

After you spend $4,000 in 3 months

GigaInfo about Welcome Bonuses Welcome Bonuses 101 Article

Spending Rewards

3x Dining

2x Travel

5x Lyft

1x All Other

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.

Try the Analyzer now

0.4¢ PER POINT

2¢+ PER POINT

Annual Fee

Are Annual Fees Worth It?

The GigaPoints Guide to Credit Card Annual Fees Article

Recommended Credit Score

Average
Good
Excellent

These ranges indicate where your credit score should be before applying for a card. But we can’t guarantee that you’ll be approved for any particular card—that’s up to the issuer.

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

Additional perks of owning this card

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

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.

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.

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.

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

Additional Articles

The Fine Print

PURCHASES APR	16.24% – 23.24%
BALANCE TRANSFER APR	16.24% – 23.24%
BALANCE TRANSFER FEE	Either $5 or 5% of the amount of each transfer, whichever is greater.
CASH ADVANCE APR	25.24% Variable
CASH ADVANCE FEE	Either $10 or 5% of the amount of each transfer, whichever is greater.
FOREIGN TRANSACTION FEE	0%