Chase Sapphire Preferred® credit card review

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Advertiser Disclosure

Interest Rate: Purchases
17.49% ‐ 24.49% (Variable)
Balance Transfer
17.49% ‐ 24.49% (Variable)
Rewards
1 - 2 points
Signup Bonus
60000 points (after spending $4,000)


8.8/10
Informr score
The Chase Sapphire Preferred® credit card currently has an Informr score of 8.8 out of 10. This score is based on our evaluation of 42 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Chase Sapphire Preferred® credit card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


ValuePenguin

Designed for consumers who are willing to do a little more to get the most value out of their spending decisions. Equipped with a broad array of lucrative options for how you can redeem your rewards, the Sapphire Preferred lets savvy consumers choose if they want to take advantage of better redempti...

- Joe Resendiz, ValuePenguin
Miles to Memories

A great entry level card that comes with a good earning structure, a reasonable annual fee, and a lucrative welcome offer.

- Miles to Memories
The Balance

The Chase Sapphire Preferred offers an unusual amount of value for the price. A good pick for both frequent flyers and occasional travelers, the card not only has a solid rewards program and a mammoth sign-up bonus, but it also includes some of the most generous travel insurance benefits you’ll find...

- Kelly Dilworth, The Balance
The Points Guy

If you’re ready to move beyond cash back or fixed-value travel rewards credit cards, there really is no better place to start than with the Chase Sapphire Preferred. There’s a reason it’s stuck around for so long (almost 10 years) while other cards have come and gone or languished in the shadows. It...

- Richard Kerr, The Points Guy
Compare Cards

The Chase Sapphire Preferred® Card offers those who have excellent credit a generous rewards program, plus a high level of customer service with additional perks and privileges.

- Compare Cards

Details


Interest Rates
Regular APR Interest Rate 17.49% ‐ 24.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 17.49% ‐ 24.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 26.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $95.00
Balance Transfer Fee 5%

Minimum of $5

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $39.00

Maximum

Promotions
Sign up bonus 60000 points after spending $4,000

On purchases within the first 3 months.

Rewards
All Purchases 1 point per $1 spent
Restaurants 2 points per $1 spent


Gas No
Groceries No
Hotels 2 points per $1 spent
Travel 2 points per $1 spent


Pharmacy No
Bills No
Additional Details

Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees Yes
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments No
Additional Benefits

- Trip Cancellation/Interruption Insurance

- Baggage Delay Insurance

- Trip Delay Reimbursement

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


ValuePenguin

A travel card built for rewards maximizers

from ValuePenguin

Designed for consumers who are willing to do a little more to get the most value out of their spending decisions. Equipped with a broad array of lucrative options for how you can redeem your rewards, the Sapphire Preferred lets savvy consumers choose if they want to take advantage of better redemption options.

Read full review

Designed for consumers who are willing to do a little more to get the most value out of their spending decisions. Equipped with a broad array of lucrative options for how you can redeem your rewards, the Sapphire Preferred lets savvy consumers choose if they want to take advantage of better redemption options.

Read full review

Less

Miles to Memories

The ultimate starter card

Miles to Memories

A great entry level card that comes with a good earning structure, a reasonable annual fee, and a lucrative welcome offer.

Read full review

A great entry level card that comes with a good earning structure, a reasonable annual fee, and a lucrative welcome offer.

Read full review

Less

The Balance

For frequent flyer or avid miles collector

from The Balance

The Chase Sapphire Preferred offers an unusual amount of value for the price. A good pick for both frequent flyers and occasional travelers, the card not only has a solid rewards program and a mammoth sign-up bonus, but it also includes some of the most generous travel insurance benefits you’ll...More

The Chase Sapphire Preferred offers an unusual amount of value for the price. A good pick for both frequent flyers and occasional travelers, the card not only has a solid rewards program and a mammoth sign-up bonus, but it also includes some of the most generous travel insurance benefits you’ll find for a card with an annual fee of less than $100.

Read full review

Less

The Points Guy

A solid and adaptable performer

from The Points Guy

If you’re ready to move beyond cash back or fixed-value travel rewards credit cards, there really is no better place to start than with the Chase Sapphire Preferred. There’s a reason it’s stuck around for so long (almost 10 years) while other cards have come and gone or languished in the sh...More

If you’re ready to move beyond cash back or fixed-value travel rewards credit cards, there really is no better place to start than with the Chase Sapphire Preferred. There’s a reason it’s stuck around for so long (almost 10 years) while other cards have come and gone or languished in the shadows. It doesn’t have fancy travel benefits or lounge access, but it has a great (and newly increased) sign-up bonus and some of the most valuable points around.

Read full review

Less

Compare Cards

Generous rewards program

Compare Cards

The Chase Sapphire Preferred® Card offers those who have excellent credit a generous rewards program, plus a high level of customer service with additional perks and privileges.

Read full review

The Chase Sapphire Preferred® Card offers those who have excellent credit a generous rewards program, plus a high level of customer service with additional perks and privileges.

Read full review

Less

SmartAsset

A top-tier travel rewards card from chase

from SmartAsset

The Chase Sapphire Preferred Card isn’t a bad card when you’re looking for travel rewards. But when compared with other travel rewards credit cards, its numbers can look pretty simple.

Read full review

The Chase Sapphire Preferred Card isn’t a bad card when you’re looking for travel rewards. But when compared with other travel rewards credit cards, its numbers can look pretty simple.

Read full review

Less

Monkey Miles

A staple in the credit card industry

If you’re just getting into unlocking the potential of points and miles, the Chase Sapphire Preferred is an outstanding place to start. It earns great points, has a relatively low annual fee, and you can start to build more Chase cards around it to optimize and utilize their Ultimate Rewards pr...More

If you’re just getting into unlocking the potential of points and miles, the Chase Sapphire Preferred is an outstanding place to start. It earns great points, has a relatively low annual fee, and you can start to build more Chase cards around it to optimize and utilize their Ultimate Rewards program to its fullest potential. If you’re a seasoned pro when it comes to points and miles, and you qualify for this offer, you’ll be enjoying the highest public welcome offer we’ve ever seen. Great time to strike.

Read full review

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LendEDU

A host of perks, including travel and purchase coverage and no

from LendEDU

Chase Sapphire Preferred is a great card to hold if you travel frequently. Its value is due in large part to the flexibility and ease of use of the Chase Ultimate Rewards program.

Read full review

Chase Sapphire Preferred is a great card to hold if you travel frequently. Its value is due in large part to the flexibility and ease of use of the Chase Ultimate Rewards program.

Read full review

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CreditCards.com

High rewards for frequent travelers and diners

from CreditCards.com

The Chase Sapphire Preferred card offers valuable rewards for frequent travelers, as well as the potential for savvy rewards card users to glean some extra value out of their rewards.

Read full review

The Chase Sapphire Preferred card offers valuable rewards for frequent travelers, as well as the potential for savvy rewards card users to glean some extra value out of their rewards.

Read full review

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Cardcruncher

One of the best travel credit cards available

One of our favorite travel cards on the market, the Chase Sapphire Preferred earns 2X points per dollar on travel and dining at restaurants, and 1X point per dollar on everything else. Points on this card are best used for travel—either through the Chase Ultimate Rewards site at a rate of 1.25...More

One of our favorite travel cards on the market, the Chase Sapphire Preferred earns 2X points per dollar on travel and dining at restaurants, and 1X point per dollar on everything else. Points on this card are best used for travel—either through the Chase Ultimate Rewards site at a rate of 1.25 cents per point, or transferred to one of Chase's travel partner programs. The card also includes strong trip delay and cancellation protection, too, providing peace of mind when you're on the road.

Read full review

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User Reviews


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