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Chase Sapphire Preferred® Card review

A great card just got even better – and might prove the Chase card to beat.’s rating: 4.6 / 5


  • Get this card if you want Chase’s biggest signup bonus worth up to $750, and you want to dip your toes into the Chase Ultimate Rewards program.
  • Pick something else if you don’t plan on transferring your earned points or want more travel perks.
  • Apply with a good to excellent credit score of 670 or higher.


Points as welcome offer

Up to 5x



Annual fee

15.99% to 22.99%

Purchase APR (variable)


Annual fee$95
Welcome offer60,000 points after spending $4,000 in the first 3 months.
Rewards5x points on travel through Chase Ultimate Rewards, 3x points on dining and 2x points on all other travel purchases
Purchase APR15.99% to 22.99% variable
Balance transfer APR15.99% to 22.99% variable
Minimum Credit Score670

Review by

Megan Horner is the banking and credit cards Group Publisher at Finder. She's passionate about helping you find the best credit cards and bank accounts to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker,, American Banker and featured on news broadcasts across the country. Before working at Finder, Megan worked at Credit Karma and QuinStreet.

Expert review

Big changes abound for this Chase travel favorite. The newly improved Chase Sapphire Preferred offers 5x Ultimate Rewards points on travel purchased through Chase Ultimate Rewards, 3x points on dining, eligible streaming services and eligible online grocery purchases, and 1x points on everything else. The card maintains the superb 5x points on Lyft rides through March 2022, as well as an incredible 60,000 bonus points after you spend $4,000 in your first 3 months. But now the card also offers a $50 annual credit on hotel stays purchased through Chase and 10% anniversary bonus points on purchases made the previous year, all for the same $95 annual fee.

In recent months the Preferred had lost some of its shine thanks to improvements to the Freedom line of cards. Well, Chase seems to have realized this dilemma and has pumped some serious juice into the Preferred. The card now earns the same points on travel as the Freedom cards, but also earns bigger points on everyday purchases like dining, streaming and online groceries. It’s now an outstanding all-arounder for value and can easily fit into the wallets of most consumers.

The card consistently garners attention for its reward boost: I get 25% more value when I redeem points for airfare, hotel stays, cruises and car rentals through Chase Ultimate Rewards. I redeemed my signup bonus for two round-trip flights from San Diego to Salt Lake and one round-trip flight from San Diego to Sacramento. Buying these flights with my points saved me around $750. Purchasing them was easy through the Chase Ultimate Rewards Portal. It looks like a normal flight search engine, with flight options much like Kayak.

Up to now, the Chase Sapphire Reserve was still the ideal choice for most consumers thanks to the overall value it offered and the stronger earning potential. With these changes, the gap between the Preferred and Reserve is much narrower. In fact, the Chase Sapphire Preferred is now the better choice for a majority of consumers, with the Reserve, well, reserved for frequent travelers interested in travel perks.

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How to apply for the Chase Sapphire Preferred® Card

  1. Learn more about how to apply for Chase Sapphire Preferred® Card.
  2. Complete the application with details like your name, address, annual income and Social Security number.
  3. Review and submit your application.

How long will it take to be approved?

Because approval is automated on the Chase website, you’re likely to get a decision within minutes. If there are issues with your application, it could take up to a few weeks to hear back.

Age requirements

To apply for the Chase Sapphire Preferred® Card, you must be at least 18 years old in most places. The minimum age requirement bumps up to 19 for residents of Alabama and Nebraska and 21 in Puerto Rico.

Required documents and information

  • Your name, residential status and address
  • Your Social Security number and date of birth
  • Your email address and phone number
  • Financial information, like your annual salary and wages

What credit score do I need?

You’ll have a better chance of approval for this card if you apply with a good to excellent credit score of 670 to 850.

Approval odds

Based on our gathered data, there’s a clear drop off point for qualification when moving from good to fair. Having a credit score on the upper-end of “Good” is your best bet for qualifying. If your credit score is on the lower-end of “Good” or dips into “Fair,” you might want to just apply for a card better matched for your credit history.
Based on a survey of 64 people (out of 365 respondents) on

survey question 2
Answer choicesResponses

Chase Sapphire Preffered credit card

Chase Sapphire Preferred® Card benefits

  • REWARDS: 5x points on Lyft rides, 5x points on Chase travel and 2x points on other travel purchases, 3x points on dining, select streaming and online groceries. Chase Sapphire Preferred® Card rewards can be attractive if you’re a frequent traveler, as you’ll earn 5x points on Lyft rides through March 2022 and 5x points on travel booked through the Chase travel portal. This is a big boost from the card’s old 2x point rate, which you’ll still receive on all other travel purchases. What’s more, the card now also earns 3x points on dining, select streaming services and online groceries (with the exception of Target, Walmart and other wholesale clubs).
  • SIGNUP BONUS: Earn up to 60,000 bonus points when you spend $4,000 on purchases in the first 3 months your account is open. That’s worth $750 when redeemed through Chase Ultimate Rewards.
  • Annual hotel statement credit. You’ll receive $50 in statement credit each year toward hotels booked through the Chase travel portal.
  • A 10% point bonus each year. At each card anniversary you’ll earn bonus points equal to 10% of your total purchases made the prior year.
  • Points are worth more when redeemed through Chase Ultimate Rewards. If you redeem your points through Chase Ultimate Rewards, they’re worth 25% more. This is a big perk that elevates the Chase Sapphire Preferred® Card above the rest. For example, you can redeem 60,000 points for $750 worth of travel purchases, rather than the industry-standard $600 — 1 point equals 1 cent.
  • Point transfers at a 1:1 ratio to airline programs. You can transfer Chase points to airline programs that include Aer Lingus Aer Club, British Airways Executive Club, Emirates Skywards, Flying Blue Air France KLM, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus and Virgin Atlantic Flying Club.
  • Point transfers at a 1:1 ratio to hotel programs. Transfer points to hotel programs that include IHG Rewards Club, Marriott Rewards and Ritz-Carlton Rewards.
  • No Chase Sapphire Preferred® Card foreign transaction fee. You wouldn’t expect anything less from a travel card. Many credit cards come with a 3% foreign transaction fee, making the Chase Sapphire Preferred® Card an excellent choice when you’re shopping abroad.
  • No authorized user fees. There’s no fee to add an authorized user. Unfortunately, you won’t earn the 5,000-point authorized user bonus offered previously, but individuals on your card account will earn points for you whenever they spend.
  • Purchase coverage. Purchase coverage includes purchase protection that insures your purchases against theft or damage and provides price protection, return protection and extended warranties.
  • Travel benefits. Enjoy Chase Sapphire Preferred® Card travel and purchase benefits, such as trip cancellation reimbursement, travel emergency assistance, baggage delay insurance and purchase protection.

Chase Sapphire Preferred® Card drawbacks

  • Potentially high APR. Depending on your credit, you could be approved for a purchase and balance transfer APR as high as 22.99% variable. The average credit card APR is around 16%.
  • Higher cash advance APR. Cash advances come with a 24.99% variable APR.
  • No grace period on balance transfers or cash advances. Purchases come with a grace period — that is, you’ll have at least 21 days after the close of the billing cycle to pay off your balance before accruing interest. This isn’t the case with balance transfers or cash advances: You’ll start accruing interest on them immediately.
  • No airport lounge access. The Chase Sapphire Preferred® Card doesn’t offer these benefits, but you can find them with the Chase Sapphire Reserve®.

Is the annual fee worth it?

Yes. The Chase Sapphire Preferred® Card has a $95 annual fee. That’s comparable to fees of other mid-tier travel cards, and for the price, you get perks and rewards greater than the price would suggest. The points you earn for example are worth 25% more when redeemed for airfare, hotels, cruises and car rentals through Chase Ultimate Rewards. This gives you a 1.25% redemption rate, which is better than that of most other travel cards. At that rate, you’d need 7,600 points to break even on the annual fee with rewards alone.

The card’s signup bonus is also one of the largest for the price on the market and it can pay for your annual fee several times over alone.

Compare Sapphire Preferred to similar credit cards

The Chase Sapphire Preferred® Card is best compared to similar upper-mid tier cards and premium cards. Here’s how it stacks up next to two such cards, the Chase Sapphire Reserve® and the Amex Gold Card.

Chase Sapphire Preferred® Card


Finder Rating: 4.6 / 5

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Minimum credit score


Annual fee


Purchase APR

15.99% to 22.99% variable

Balance transfer APR

15.99% to 22.99% variable


5x points on travel through Chase Ultimate Rewards, 3x points on dining and 2x points on all other travel purchases

Welcome offer

60,000 points after spending $4,000 in the first 3 months.

Chase Sapphire Reserve®


Finder Rating: 4.6 / 5

Terms apply, see rates & fees
Go to site

Minimum credit score


Annual fee


Purchase APR

16.99% to 23.99% variable

Balance transfer APR

16.99% to 23.99% variable


5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards, 3x points on other travel after earning your $300 travel credit, 10x points on Lyft rides, 10x points on Chase Dining through Ultimate Rewards, 3x points on other dining and 1x points on all other purchases

Welcome offer

50,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards.

Should I get the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®?

The Chase Sapphire Preferred® Card is a mid-tier travel card that can be an excellent starting product to get into the travel game. The Chase Sapphire Reserve®, meanwhile, is a premium card with a hefty price tag — but you’ll find many top-of-the-line features. Which you get greatly depends on how invested you are in the Chase Ultimate Rewards program. You can read our full Sapphire comparison for more insight on which is the better choice for you.

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Chase Sapphire Preferred® Card reviews and complaints

Cardholders generally have great things to say about the Chase Sapphire Preferred® Card points and travel benefits — even if they’re not thrilled with the annual fee. They say the card is slightly easier to apply for as a Chase customer: Because the bank already has your personal details, you may not have to complete the entire credit card application.

JPMorgan Chase Credit Card is not accredited with the Better Business Bureau but it has an A+ rating and a composite score of 1.18 out of 5 stars based on 229 customer reviews as of August 2021. Most customer complaints revolve around poor customer service and hidden costs Chase credit cards in general. Make sure you read your card’s terms and the rewards agreement to avoid issues with your account.

As of August 2021, Chase earns a Trustpilot score of 1.3 out of 5. Most negative reviews cite slow responses to fraud complaints and less-than-helpful customer service. Positive reviews cite the bank’s great mobile app and quick resolutions to their issues. Overall, your mileage may vary with Chase customer support.

What interests you most about this credit card?

Based on a survey of 215 people (out of 365 respondents) on

survey question 3
Answer choicesResponses
Signup bonus17.21%
Features and benefits44.65%
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I got the card. Now what?

  • Make timely payments. Pay your card bill online at the Chase website, where you can enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of at least 21 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late and returned payments come with fees of up to $40. The balance transfer fee is $5 of the amount of each transfer, and the cash advance fee is $10 or 5% of the cash advance amount, whichever is greater.
  • Contact customer service. If you have questions, contact Chase Credit Cards support at 1-800-432-3117.
  • Earn points. Use your card on purchases that net you the biggest value based on your card. Check out our Chase earning guide for tips on maximizing your earnings.
  • Redeem your points. You can redeem your Chase points through the Chase Ultimate Rewards portal on a number of options, including gift cards, travel, cash back and merchandise.
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Bottom line

The Chase Sapphire Preferred® Card is among the best travel cards you’ll find. With its new and impressive earning rates on travel, dining and more, it’s a steal at $95 a year and one of the best all-around cards on the market.

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Credit card ratings

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★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

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