Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Plus, get up to $300 in Chase Travel statement credits in the first year of account opening for any purchases made on Chase Travel.
5X points on Lyft rides through March 31, 2025
3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
3X points on dining, including eligible delivery services, takeout and dining out
3X points on select streaming services
Chase Sapphire Preferred®
Unlock a world of travel rewards with the Chase Sapphire Preferred® Card. Earn 2x points on dining and travel, plus a generous sign-up bonus to kickstart your adventures. Enjoy no foreign transaction fees and flexible redemption options through the Chase Ultimate Rewards® portal. This card is your passport to exciting experiences and unbeatable value.
Application Pending? Check your status online at Chase.com/Customer-Center/Check my app status or by calling 1-888-609-7805 or 1-888-338-2586. Sometimes, all they need is a quick verification.
Application Declined? You have 30 days to request reconsideration by calling 1-888-609-7805. If you call the same day you applied, there won’t be another hard credit check. Keep in mind, if it's due to the Chase 5/24 rule, they likely won’t reconsider.
Approval Rules: Chase typically declines if you’ve opened 5 new credit cards in the last 24 months. They usually approve up to 2 Chase cards within 30 days, counting business and personal cards separately. Read more about the Chase 5/24 rule and how to review your report.
The Chase Sapphire Preferred card can be downgraded to Freedom Unlimited ($0), Freedom Flex ($0), or to the Sapphire ($0) - only available via product change. Please note, Chase will only allow you to downgrade the card after 12 months of account opening.
When applying for a new credit card, keep your balances below 10% of your limit on each existing card. Pay down balances and wait for each card's closing date, avoiding new charges. Some banks let you update balances anytime by phone, and Chase will automatically report a $0 balance after payment.
Trip Cancellation Insurance
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Extra Redemption Value
Get 25% more value when redeemed for travel. For example 60,000 points are worth $750 toward travel when redeemed through Chase Travel℠. Plus, Chase Travel℠ rewards points do not expire as long as the account is open.
Trip Delay Insurance
If your common carrier travel is delayed more than 12 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
Trip Cancellation Insurance
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Travel Medical Insurance
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance. (You will be responsible for the cost of any goods or services obtained.)
Credits
Sapphire Preferred Instacart+ members earn up to $15 in statement credits each quarter through July 2024.
Purchase Protection
Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Credits
Earn 5x total points on Peloton equipment and accessory purchases over $150 with a max earn of 25,000 total points now through Mar. 31, 2025.
Credits
Earn 5x points on Lyft rides through March 31, 2025. That's 3x points in addition to the 2x points you already earn on travel.
Credits
Skip the trip and have your groceries delivered to your doorstep with 6 months of complimentary Instacart+. Plus, Instacart+ members earn up to $15 in statement credits each quarter through July 2024.
Extended Warranty
Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Credits
Get complimentary access to DashPass – a membership for both DoorDash and Caviar – a value of $120 for 12 months - which unlocks $0 delivery fee and lower service fees on eligible orders for a minimum of one year when you activate by Dec 31, 2027. Plus, DoorDash members get up to $10 off a month on non-restaurant DoorDash orders.
Free Night Certificate
Get VIP access to benefits at SLS, Mondrian, Delano, House of Originals and Hyde hotels and resorts around the world. Cardmembers can stay a little longer with a complimentary 4th night and receive room upgrades, late checkouts, daily complimentary breakfast, a $30 food and beverage credit and much more.
Luggage Delay Insurance
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.
Auto CDW Insurance
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad.
Anniversary Bonus
Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year. That means if you spend $25,000 on purchases, you'll get 2,500 bonus points.
Extra Redemption Value
Get 25% more value when redeemed for travel. For example 60,000 points are worth $750 toward travel when redeemed through Chase Travel℠. Plus, Chase Travel℠ points do not expire as long as the account is open.
Extra Redemption Value
Are you a member of a frequent travel program? With Chase Sapphire Preferred®, you can transfer your points to leading frequent travel programs at 1 to 1 value.
Why We Like it
The Chase Sapphire Preferred® Card is indeed an excellent choice for those seeking a straightforward yet potent travel rewards card. Here's a closer look at why it's so highly regarded:
- Flex Your Points: The Chase Sapphire Preferred® makes earning rewards on purchases effortless. Points earned are more valuable when redeemed through the Chase Travel℠, ensuring you get fantastic value whether you’re booking flights, hotels, or car rentals.
- Travel Benefits Galore: This card packs numerous travel-related perks into one package. It includes trip delay reimbursement, baggage delay insurance, and an auto rental collision damage waiver. Exclusive benefits at Ennismore Hotel properties further enhance your travel experience, offering a complimentary fourth night.
- More Than Just Travel: Beyond travel, the card extends its value into daily life with quarterly credits for Instacart, complimentary Lyft rides, and membership perks with DoorDash and Instacart+. For those who prioritize fitness, the Peloton benefits are a great addition, helping you stay active wherever you are.
- Transfer Points 1:1: Flexibility is a key advantage here, as points can be transferred 1:1 to major loyalty programs like United MileagePlus, Marriott Bonvoy, and World of Hyatt. This feature allows you to maximize your rewards and use them in the most beneficial ways possible.
- Shopping Protection: The card also offers extended warranty protection and purchase protection, making shopping more rewarding and secure.
Overall, the Chase Sapphire Preferred® Card does more than facilitate your travels; it enhances your entire lifestyle, ensuring that every dollar you spend not only goes further but also brings added value across various aspects of your life.
Considerations
If you're eyeing the Chase Sapphire Preferred® card, it's packed with perks, but here are some downsides to consider:
- Annual Fee: $95, which might be a factor if you're not a frequent traveler or spender.
- High Rewards Redemption Value Mostly for Travel: Best rewards value is for travel, which might not benefit everyone.
- Requires Good to Excellent Credit: Not suitable for those with fair or rebuilding credit scores.
- No Intro APR Offer: No 0% introductory APR for purchases or balance transfers.
- Complex Rewards System: Points system can be complex to navigate for maximum value.
- Limited Direct Airline and Hotel Partners: Restricts direct earning with some popular global brands.
This card is rich with benefits, but consider these points to see if it fits your spending habits and credit management.