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The Chase Sapphire Preferred® Card has been one of NerdWallet's top-rated travel credit cards for many years. It has a great welcome offer and travel benefits, and the points are easy to use.
Here’s a look at some of the top benefits of the Chase Sapphire Preferred® Card to help you get the most out of this popular card.
★ LIMITED TIME OFFER
Heads up! For a limited time, new cardholders of the Chase Sapphire Reserve® can earn a bonus of 150,000 points by meeting the card's initial spending requirement. That's the biggest pile of bonus points the card has ever offered in its nearly 10 years on the market. The bonus is worth $1,500 or more when redeemed for travel. Chase spells out the bonus offer like this: Earn 150,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening. Learn more and apply here.
Earn a new cardholder bonus
The easiest way to earn a slug of credit card rewards is through a new card's sign-up bonus. Currently, the Chase Sapphire Preferred® Card has this welcome bonus: Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
The card comes with an annual fee of $95.
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Enjoy the card’s other valuable perks
With the Chase Sapphire Preferred® Card, you’ll also get:
- No foreign transaction fees.
- An annual $50 travel credit for prepaid hotels booked through Chase's travel portal.
- A minimum of one year of DashPass, which gives a $0 delivery fee and lower service fees on DoorDash orders over $12. Activate your subscription any time before Dec. 31, 2027.
- Purchase protection of up to $500 per claim and $50,000 per account if your new purchases are stolen or damaged.
- Trip cancellation/interruption insurance of up to $10,000 per person and $20,000 per trip.
- Baggage delay insurance covering the purchase of toiletries and clothing, up to $100 a day, if your bags are lost or delayed more than six hours.
- Trip delay insurance, which covers you for things like meals and hotel stays, up to $500 per ticket, if your trip is delayed more than 12 hours (or overnight).
- Rental car insurance (more below).
Use the rental car insurance
The car insurance that comes with the Chase Sapphire Preferred® Card is one of its best benefits. If you pay for your rental car with your Chase Sapphire Preferred® Card, or with Chase Ultimate Rewards® points earned with your card, you’ll be covered for theft and collision damage up to the cash value of the car.
This coverage is for most rental cars in the U.S. and most countries abroad. The coverage is primary, and you’ll need to decline the rental company's collision insurance. This can mean big savings if things go wrong with your rental car.
Compare: Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®
In addition to the Chase Sapphire Preferred® Card, Chase also offers the Chase Sapphire Reserve® — its ultra-premium card. There are some important differences:
- Annual fee: $95 for the Chase Sapphire Preferred® Card and $795 for the Chase Sapphire Reserve®.
- Earnings rate: The Chase Sapphire Preferred® Card gets 3 points per dollar on dining and 2 points on most travel-related purchases. The Chase Sapphire Reserve® earns 3 points on dining and 4 points on travel booked directly with an airline or hotel. But all other travel earns 1 point.
- Other high-value perks: The Chase Sapphire Reserve® comes with a $300 annual travel credit, along with Priority Pass airport lounge access and a credit for the application fee for TSA PreCheck, Global Entry or NEXUS.
» Learn more: Chase Sapphire showdown: Preferred vs. Reserve
Is the Chase Sapphire Preferred® Card's annual fee worth it?
The $95 annual fee on the Chase Sapphire Preferred® Card is not waived the first year. However, the Chase Ultimate Rewards® points that you’ll get as a welcome bonus more than offset that fee, at least for the first year.
After that, you’ll have to decide how valuable the Chase Sapphire Preferred® Card is for your spending and travel patterns. If you have other Chase cards like the Chase Freedom® or the Chase Freedom Unlimited®, it’s valuable to also have a premium card like the Chase Sapphire Preferred® Card so you can combine points between the cards and access travel partners and enhanced value through Chase's travel portal.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2026:
- Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
- No annual fee: Wells Fargo Autograph® Card
- Flat-rate travel rewards: Capital One Venture Rewards Credit Card
- Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
- Luxury perks: American Express Platinum Card®
- Business travelers: Ink Business Preferred® Credit Card
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