Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
The Chase Sapphire Preferred® Card is Chase’s flagship travel rewards card. It offers elevated rewards in useful categories like travel, online grocery, dining, and select streaming services and best-in-class travel insurance protections.
The card can be a great choice for an occasional traveler or someone who wants best-in-class credit card travel insurance protections but doesn’t want to pay for airport lounge access.
Here’s what you need to know about the Chase Sapphire Preferred® Card.
In this article…
Chase Sapphire Preferred® Card at a glance
Here’s what you need to know about the Chase Sapphire Preferred® Card.
Annual fee: annual_fees
Foreign transaction fee: foreign_transaction_fee
The Chase Sapphire Preferred® Card offers excellent travel insurance protection and access to Chase’s Ultimate Rewards® travel transfer partners for a low annual fee.
Sign-up bonus
bonus_miles_full Learn how to apply.
Chase occasionally offers a better sign-up bonus Chase Sapphire Preferred® Card in-branch. See our coverage of the Sapphire Preferred sign-up bonus for details on what else might be available.
Rewards
- 5x on travel purchased through Chase Travel℠,
excluding hotel purchases that qualify for the $50 annual Chase Travel hotel credit. - 5x on Lyft rides through March 31, 2025.
- 5x on Peloton equipment and accessory purchases over $150,
with a maximum of 25,000 total points through March 31, 2025. - 3x on dining, including eligible takeout and delivery services.
- 3x on online grocery purchases,
excluding Target, Walmart, and wholesale clubs. - 3x points on select streaming services.
- 2x on other travel purchases.
- 1x on other purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Ultimate Rewards® can be combined across cards you hold. If you hold a premium Ultimate Rewards card, you can transfer your points to Chase’s transfer partners or use your points for increased value when you book travel through Chase Travel℠. For more about using Ultimate Rewards, check out our guide on the Ultimate Rewards program.
Benefits
Consumer insurance benefits
- Purchase protection. Offers coverage for up to 120 days against damage or theft of new purchases for up to $500 per claim and $50,000 per account.
- Extended warranty protection. Adds one year of coverage to U.S. manufacturer’s warranties of 3 years or less.
Travel insurance benefits
- Trip cancellation/interruption insurance. Covers non-refundable pre-paid travel expenses, including passenger fares, tours, and hotels if your trip is canceled or cut short by sickness, severe weather, or other covered situations. Coverage is included up to $10,000 per person and $20,000 per trip.
- Auto rental collision damage waiver. Provides primary rental car coverage against collision and theft for most rental cars in the U.S. and abroad when you decline the rental company’s collision damage waiver insurance and use your card to rent your car.
- Baggage delay insurance. Offers reimbursement for essential purchases like toiletries and clothing when your baggage is delayed by more than 6 hours. Coverage is provided up to $100 a day for 5 days.
- Trip delay reimbursement. Covers essential expenses, such as meals and lodging if your travel by common carrier is delayed by 12 hours or more or requires an overnight stay. Coverage is provided up to $500 per ticket.
- Lost luggage reimbursement. If your luggage is lost while traveling by common carrier, this benefit can reimburse you up to $3,000 per covered person, per trip to replace your lost luggage.
- Travel accident insurance. This insurance pays a fixed amount for certain losses of life and limb when you charge your airfare to your card.
- Travel and emergency assistance services. This service can provide referrals to a variety of medical, legal, and travel emergency services when traveling abroad. You are responsible for the costs of any services provided.
Partner benefits and statement credits
- DoorDash DashPass Subscription, plus $10 monthly discount. Receive complimentary access to DashPass—a membership for both DoorDash and Caviar—for at least one year when you activate by December 31, 2027. DoorDash members get up to $10 off a month on non-restaurant orders.
- $50 Chase Travel℠ annual credit. Earn up to $50 in statement credits each account anniversary year for hotels stays purchased through Chase Travel.
Rewards benefits
- More value for points when redeemed through Chase Travel℠. Get 25% more value when your points are redeemed for travel through Chase Travel.
- 10% anniversary bonus. Get bonus points equal to 10% of your total purchases in the previous account anniversary year on your account anniversary. For example, if you made $25,000 of purchases on your card, you’ll get 2,500 bonus points.
- Point transfers to airline and hotel partners. Transfer your points to one of Chase’s many airline and hotel transfer partners. See our guide to Ultimate Rewards® for more details on how to use points.
Chase Sapphire Preferred® sign-up bonus
Learn how to apply.
Annual fee: annual_fees
Chase Sapphire Preferred® Card sign-up bonus
bonus_miles_full
Business-as-usual welcome bonus. A larger bonus offer ended online on 6/13. You may be able to get a larger offer in-branch.
More about this card
Benefit highlights:
Premium travel insurance benefits.
Transfers to Ultimate Rewards® travel partners.
Extended warranty.
Purchase protection.
Rewards:
5x on travel purchased through Chase Travel℠.
3x on dining, including eligible takeout and delivery services.
3x on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
3x on select streaming services.
1x on other eligible purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Learn more:
Read our review of the Chase Sapphire Preferred.
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.
Our take on the Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card offers best-in-class travel insurance protections at its price point and it provides access to Chase’s valuable Ultimate Rewards® travel transfer partners. If you’re collecting Ultimate Rewards® points for travel redemptions, you want either the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card in your wallet.
We do wish that the card offered more compelling rewards. Travel booked through Chase Travel℠ earns 5x rewards and the card offers 3x points on dining, but you can get these kinds of point earnings with one of Chase’s no-annual-fee cards. If you don’t buy your groceries online, you can certainly find better cards for grocery rewards, and there are better cards for streaming purchases, especially if you have Disney+.
Get this card if: You travel a modest amount, want good travel insurance protections on your credit card, and can book at least one hotel stay through Chase Travel℠ each year to capture the value of the $50 travel credit.
Rewards: Ultimate® rewards on a variety of travel purchases.
The Chase Sapphire Preferred® Card earns Ultimate Rewards® points, which can be redeemed for a variety of cash back and travel rewards. The card offers increased rewards in select categories including travel, dining and grocery store purchases. Details are below.
| 5x | Travel purchased through Chase Includes hotels, car rentals, and airfare purchased through Chase Travel℠ Rewards, excluding the $50 annual Ultimate Rewards Hotel credit. | |
| 5x | Lyft Lyft rides through March 31, 2025. | |
| 5x | Peloton Peloton equipment and accessory purchases over $150 through March 31, 2025. Maximum 25,000 points. Through March 31, 2025. | |
| 3x | Dining Dining at restaurants, including eligible delivery services, takeout and dining out. | |
| 3x | Online grocery Online grocery purchases excludes Target, Walmart, and wholesale clubs. | |
| 3x | Select streaming Apple Music, Apple TV, Disney+, ESPN+, Fubo TV, Max, Hulu, Netflix, Pandora, Paramount+, Peacock, Showtime, SiriusXM, Sling, Spotify, YouTube Premium, YouTube TV and Vudu. | |
| 2x | All other travel purchases Includes airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages. | |
| 1x | All other purchases |
Additionally, you’ll receive a “10% reward bonus” at the end of your cardmember year based on the amount you spent on your card in the prior year. If you spend $10,000 on your card in your cardmember year, you will receive 1,000 bonus points. Spending in bonus categories does not increase the amount of the reward bonus you receive.
With the Chase Sapphire Preferred® Card, you earn Ultimate Rewards® points, which can be redeemed for a variety of cash back, travel, and merchandise rewards. Not all rewards offer great value. Here’s what you need to know about redeeming Ultimate Rewards.
The Ultimate Rewards® points you earn with your card can be transferred between your cards. If you hold multiple cards that earn Ultimate Rewards®, you can earn points on one card and use the enhanced redemption options of another card.
Here are the best Ultimate Rewards® redemption options by card:
| Cards with no annual fee | Premium cards | High-tier premium cards | |
|---|---|---|---|
    |   |  | |
| Chase Freedom Flex Chase Freedom Unlimited® Ink Business Cash® Ink Business Unlimited® | Chase Sapphire Preferred® Ink Business Preferred® | Chase Sapphire Reserve® | |
| Cash back 1 cent per point | |||
| Travel through Chase Travel℠ | 100% of cash value | 125% of cash value | $150 of cash value |
| Transfers to travel partners See list of transfer partners below. | – | ||
| Gift cards 1 cent per point, with occasional sales on select brands |
The Ink Business Premier® Credit Card is marketed as an Ultimate Rewards® card, but it doesn’t allow you to transfer points to other cards, so it is not included in this table.
Ultimate Rewards Transfer partners
Point transfers to Ultimate Rewards® transfer partners are widely believed to be the best way to get the most value from your Chase points. When you transfer points to a partner, your Ultimate Rewards® become point in that partner’s loyalty program. You can then redeem your points for awards offered by a partner loyalty program. Point transfers cannot be reversed, so be sure you know what you’re going to use your points for before transferring them.
Here are the airlines and hotels you can transfer to if you hold a premium Ultimate Rewards® credit card:
| Transfer partner | Program highlights | |
|---|---|---|
| Air Canada Aeroplan | Easy-to-use Star Alliance awards, with the option to spend extra miles to make flights cancelable. | |
| Air France-KLM Flying Blue | Great for monthly Flying Blue promo awards. | |
| Avios Aer Lingus AerClub British Airways Executive Club Iberia Plus | Distance-based programs with good value on shorter flights like USA-Ireland (AerClub) and short-haul flights on Oneworld partners (Executive Club). | |
| Emirates Skywards | One of the few ways to book Emirates first class with points. | |
| JetBlue TrueBlue | Reward prices tied to cash prices of tickets, usually around 1.3 cents per point. | |
| Singapore Airlines KrisFlyer | One of the few ways to book Singapore first class tickets with points. | |
| United MileagePlus | Good value off-peak international economy awards. Generous award change/cancel policies. | |
| Virgin Atlantic Flying Club | Some opportunities to book good-value premium cabin awards with partners. | |
| IHG One Rewards | Offers a fourth night free on point redemptions if you hold an IHG-branded credit card, but generally not a good use of Ultimate Rewards® points. | |
| Marriott Bonvoy | May be a reasonable use if you need just a few points to top off an award, but generally not a good use of Ultimate Rewards® points. | |
| World of Hyatt | Offers excellent redemption value at some properties due to its award chart. |
Redemptions options you shouldn’t use
The table above shows you the best Ultimate Rewards® redemption options. But there are some ways to redeem points that provide less value. Here are the redemption options you should avoid:
- Most gift card redemptions only offer 1 cent per point. You’re not getting any additional value and you’re giving up the flexibility of cash when you redeem for gift cards. Only redeem for gift cards when select brands are on sale.
- Pay with points usually offers less value than 1 cent per point. You can get more value from your points through a cash back redemption.
- Shop with Apple only offers 1 cent per point. If you use your points for cash back and charge your Apple purchases to your card, you can earn rewards for your purchases.
- Chase Dining only offers 1 cent per point. Use your points for cash back instead and get rewards on your dining purchases.
Benefits: Excellent travel insurance benefits
Here are the benefits you’ll get when you hold the Chase Sapphire Preferred® Card.
| Consumer insurance benefits Extended warranty protection Purchase protection | |
| Travel insurance benefits Auto rental collision damage waiver Baggage delay insurance Lost luggage reimbursement Roadside dispatch service Travel accident insurance Trip cancellation and interruption insurance Trip delay reimbursement | |
| Travel benefits Travel and emergency assistance services | |
| Statement credits $50 annual statement credit for Ultimate Rewards hotel bookings | |
| Partner benefits Complimentary six-month Instacart+ subscription 12 months of DoorDash DashPass |
Consumer insurance benefits
Extended warranty protection provides additional warranty coverage on items you purchase with your card. Chase extended warranty protection extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
Purchase protection protects the things you buy with your card from damage or theft for a certain amount of time after you buy them. Chase Sapphire Preferred® purchase protection covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Travel insurance benefits
The Chase Sapphire Preferred offers best-in-class travel insurance benefits.
Auto rental collision damage waiver protects you against damage to or theft of your rental vehicle. For coverage to apply, you need to reserve and pay for your vehicle using your card and decline your car rental company’s collision damage waiver. The coverage provided by your Chase Sapphire Preferred® Card is primary to your personal auto insurance. It covers rentals up to 31 consecutive days.
Baggage Delay Insurance – Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carriers up to $100 per day for five days.
Lost luggage reimbursement offers reimbursement if your bags are lost, damaged or stolen while traveling on a common carrier. Coverage is included up to $3,000 per passenger, per trip.
Roadside dispatch service provides a single number that you can use to get connected to local providers for roadside services like towing, lockout service, tire changes, fuel delivery, and more. Services are provided for a pre-negotiated, per-service fee.
Travel accident insurance pays set benefit amounts for loss of life or limb while traveling, as long as you book your common carrier tickets with your card. Chase travel accident insurance provides coverage both while being transported by a common carrier and during your trip.
Trip Cancelation and Interruption 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.
Trip delay reimbursement can cover your incidental expenses or a hotel room when your travel is delayed for a covered reason. Chase Sapphire Preferred trip delay insurance covers delays of 12 or delays requiring an overnight stay and up to $500 for each ticket purchased.
Travel benefits
Travel and emergency assistance services can provide local referrals to legal help, medical professionals, transportation providers and many other services. This benefit does not cover the cost of these services; it only provides referrals.
Statement credits
$50 for Chase hotel bookings. Receive up to a $50 statement credit each cardmember year when you book hotel stays through Chase Travel℠.
Partner benefits
DashPass DashPass. Receive 12 months of complimentary access to DashPass when you activate by December 31, 2027.
Frequently asked questions
What are the select streaming providers for the Chase Sapphire Preferred?
Apple Music, Apple TV, Disney+, ESPN+, Fubo TV, Max, Hulu, Netflix, Pandora, Paramount+, Peacock, Showtime, SiriusXM, Sling, Spotify, YouTube Premium, YouTube TV and Vudu.
What kinds of travel purchases does the CSP earn 2x on?
The Chase travel bonus category includes airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.
Can I get a credit for TSA PreCheck with the Chase Sapphire Preferred® Card?
The Chase Sapphire Preferred® Card does not include a credit for TSA PreCheck, but you can get a credit with the Chase Sapphire Reserve® card.
Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
