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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. Lastly, your points get a 20% boost when you redeem at Chase Ultimate Rewards travel booking service, so you can redeem 8,000 points for $100 worth of travel. This means your points are effectively worth 25% more!
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.
1:1 point conversion partners include Amtrak, British Airways, Continental Airlines Intercontinental Hotels Group, and Marriott.
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