Chase Sapphire Preferred®

Card Details

Card Features

Apply Now

Signing Promotion

Earn 40,000 bonus points after you spend $3,000 in the first 3 months

Reward Rate

1.00%*

Annual Fee

$0 1^st year, then $95

APR, Variable

APR: 15.24% (Variable)
Default APR: 29.99%
Cash Advance APR: 19.24%

Intro APR Promotions

Purchase: None
Transfer: None

40,000 bonus points after you spend $3,000 in the first 3 months - that's $500 toward travel rewards!
2 points per dollar spent on travel and dining at restaurants & 1 point per dollar spent on all other purchases
Get 20% off airfare, hotels, car rentals and cruises when you redeem through Ultimate Rewards^SM
No foreign transaction fees
Receive a 7% Annual Points Dividend on all new points earned on purchases - even on points already redeemed
1:1 point transfer to leading frequent travel programs - that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points
Direct access to expert service advisors anytime
Introductory Annual Fee of $0 the first year, then $95

Pros

No foreign transaction fee

Cons

Has annual fee

Disclaimer: This content is not provided or commissioned by Chase Bank USA, N.A. Opinions expressed here are author's alone, not those of Chase Bank USA, N.A, and have not been reviewed, approved or otherwise endorsed by Chase Bank USA, N.A. "Sponsored" above means this site may be compensated through the Chase Bank USA, N.A Affiliate Program.

Editor's Review

Author: Tim
How much is a Sapphire Preferred point worth? It pays standard Chase Ultimate Rewards Points, but with a few added bonuses.

Chase Sapphire Preferred Points versus the Chase Sapphire Sapphire Preferred has several unusual features unique to this card. First, the card boasts 1:1 point transfer to major hotel and airlines, which is not the case for the normal Sapphire card or any other Chase cards. Also, there is a 7% annual dividend on your point balance. Lastly, your points are worth 25% more when you redeem at Chase Ultimate Rewards travel booking service.

These extra features come at a cost. The card has an $95 annual fee (waived the first year), compared to no annual fee for the Chase Sapphire card.

Chase Sapphire Preferred versus other Rewards Cards There are certainly cards that pay higher reward rates on an ongoing basis, with no annual fee. For example, 5% back on gas & groceries with the American Express Blue Cash, 5% on gas with the PenFed Platinum Cashback Card, or 5% on dining with the Citi Forward card.

However, Chase is finally stepping to the plate and offering points that attempt to match American Express Membership Reward Points in terms of flexibility - specifically 1:1 point transfer to major airlines and hotels. It's difficult to put a value on the ability to add 5,000 miles to a specific frequent flyer program because you're just short of a ticket. Or to be able to transfer some points over to your hotel program to get a room upgrade. Add to this the 7% annual dividend and one of the lowest APRs on a tier 1 rewards card, and the card may be worth serious consideration.

1:1 point conversion partners (expand the Travel segment) include Amtrak, British Airways, Continental Airlines Intercontinental Hotels Group, and Marriott.

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* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.