Chase Sapphire Preferred® credit card review

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Advertiser Disclosure

Interest Rate: Purchases
15.99% ‐ 22.99% (Variable)
Balance Transfer
15.99% ‐ 22.99% (Variable)
1 - 3 points
Signup Bonus
60000 points (after spending $4,000)

Informr score
The Chase Sapphire Preferred® credit card currently has an Informr score of 8.9 out of 10. This score is based on our evaluation of 45 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...

One Mile at a Time

The Chase Sapphire Preferred has been around for about a decade, and continues to be one of the most well rounded credit cards for beginners and those looking for travel rewards. The card offers excellent rewards on dining and travel spending, great customer service, and some useful perks, like prim...

- Ben, One Mile at a Time

The Chase Sapphire Preferred has an amazing welcome bonus and decent bonus earning potential but it also comes with some amazing travel protections that make it a great choice for a go-to travel rewards credit card.

- Daniel Gillaspia, UponArriving
The Wirecutter

The Preferred is an unremarkable card, but what it does offer is solid: decent travel and dining rewards and a hefty intro bonus.

- Taylor Tepper, The Wirecutter
Your Mileage May Vary

The Chase Sapphire Preferred has a valuable sign up bonus and is worth keeping for the benefits and bonus categories. If you rent cars often, the ability to use this card for primary collision coverage might alone be worth the annual fee. If you’re just starting out, this is a great entry-level card...

- Your Mileage May Vary

One of the most popular travel rewards cards available now. Because it offers 5X on Lyft rides, 2X points on eligible dining and travel, and 1X points per $1 on all other eligible purchases and a large sign-up bonus, it’s a great card for regular travelers.

- Kat Tretina, FinanceBuzz


Interest Rates
Regular APR Interest Rate 15.99% ‐ 22.99% (Variable)

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

Balance Transfer Interest Rate 15.99% ‐ 22.99% (Variable)

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

Cash Advance Interest Rate 24.99% (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


Sign up bonus 60000 points after spending $4,000

On purchases within the first 3 months

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

Gas 3 points per $1 spent

On gas station purchases on up to $1,500 in spend from July 1 to September 30, 2020

Groceries 3 points per $1 spent

On all Instacart deliveries and pick-ups on up to $3,000 in combined purchases from July 1 to September 30, 2020

Hotels 2 points per $1 spent
Travel 2 points per $1 spent

Pharmacy No
Bills No
Additional Details
  • Earn 5 points per $1 spent on Lyft
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
  • Earn 3 points per $1 spent on all Instacart deliveries and pick-ups—household items, pharmacy and more—on up to $3,000 in purchases from July 1 to September 30, 2020
  • Plus, earn up to $50 in statement credits toward a yearly or monthly Instacart Express membership
  • Earn 5 points per $1 spent on select streaming services on up to $1,500 in spend from July 1 to September 30, 2020
  • Your points are worth 25% more when you redeem in new categories
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
Virtual Cards No
Additional Benefits

- Trip Cancellation/Interruption Insurance

- Baggage Delay Insurance

- Trip Delay Reimbursement

- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service.

Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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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