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The Chase Sapphire Preferred® Card brings a lot to the table, especially in terms of travel benefits. Throw in the fact that the annual fee is $95 and it might be pretty tempting to snag this card without weighing the pros and cons.
When the $95 annual fee kicks, will you earn enough benefits to make the card worth the fee? Read on to see if the Chase Sapphire Preferred® Card will give more than it takes.
The annual fee is worth it if you:
Travel often. You’ll receive 2x Chase Ultimate Rewards® points for every $1 spent on traveling in general and 5x points for every $1 spent on travel purchases made through the Chase travel portal.
Travel internationally. If you use the Chase Sapphire Preferred® Card when you travel outside the U.S., there is no foreign transaction fee applied.
Plan to use the card for everyday living. Use the card for gasoline, bills or new shoes for the kids and earn points. In addition to giving you 3x points for each dollar spent on dining, the card also awards 2x points for each dollar spent on travel and other purchases.
Enjoy online shopping. Receive extra rewards when ordering from qualified stores, such as Apple, Nordstrom and Starbucks, through the Chase Ultimate Rewards shopping portal.
» Learn more: Chase 5/24 rule explained
The annual fee is not worth it if you:
Won’t use the Chase Sapphire Preferred® Card much. If the credit card will stay in your wallet more than being used to make purchases, it won’t be as beneficial to you as you won’t earn any rewards to offset the fee.
Still not sure?
Earning points from every trip, every dinner and every purchase charged to the card is a nice benefit. The more you use the card, the more you earn. The Chase Sapphire Preferred® Card is perfect for those globetrotters who use their card instead of cash.
Those who don’t travel as often or who don’t plan on using the card regularly probably won’t gain much from it. It is fair to assume that low spending charges on the card would not offset the $95 annual fee.
Want to see if the Chase Sapphire Preferred® Card fits your lifestyle? Use our calculator below to see how much you could earn each year, and if the annual fee of $95 is worth it.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for:
Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Bank of America® Travel Rewards credit card
Flat-rate travel rewards: Capital One Venture Rewards Credit Card
Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice: 5 underrated reasons why you need a Chase Sapphire Preferred NerdWallet’s best Chase credit cards of 2018 How to get started with frequent flyer programs