Chase Sapphire Preferred® Review

Visa Chip Paypass
Chase Sapphire Preferred®: Interest rates, credit limits, cashback, and bonuses. Learn about the conditions for obtaining the card, registration and options for receiving it online or at a branch. Discover its features.
from 5000 $
Credit Limit
21.49 - 28.49 %
APR
$ 60000 points
Welcome Bonus

Details

General Info
Required documents Required documents
SSN
APR APR
21.49 - 28.49 %
Credit Limit Credit Limit
from 5000 $
Welcome Bonus Welcome Bonus
$ 60000 points
Interest rates
Shopping Shopping
21.49 - 28.49 %
APR for Cash Advances APR for Cash Advances
29.99 %
APR for Balance Transfers APR for Balance Transfers
21.49 - 28.49 %
Do I fit in?
Credit Score Credit Score
from 700
Age Age
from 18 years
Fees
Annual Fee Annual Fee
95 $
Foreign Transactions Foreign Transactions
0 %
Late Payment Late Payment
up to 40 $
Returned Payment Returned Payment
up to 40 $

The Chase Sapphire Preferred® Credit Card offers a robust rewards program tailored for travelers and dining enthusiasts. New cardmembers can earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months. Cardholders earn 3X points on dining, including eligible delivery services, takeout, and dining out, and 2X points on other travel purchases. Additionally, they can enjoy 5X total points on travel purchased through Chase Travel (excluding hotel purchases eligible for a $50 annual credit), and 3X points on online grocery purchases and select streaming services. Points can be redeemed for travel through Chase Travel with a 25% bonus, enhancing their value for travel-related expenses.

Features

  • Generous Sign-Up Bonus. New cardmembers can earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months. This substantial bonus can be redeemed for travel, providing immediate value to new users.
  • Earn Points on Travel and Dining. Cardholders earn 3X points on dining, including eligible delivery services, takeout, and dining out, and 2X points on other travel purchases. This rewards structure caters to frequent travelers and dining enthusiasts, offering accelerated points accumulation on everyday expenses.
  • Additional Points Categories. Earn 5X total points on travel purchased through Chase Travel (excluding hotel purchases eligible for a $50 annual credit), 3X points on online grocery purchases, and select streaming services. This broad range of bonus categories allows cardholders to earn rewards on various spending habits beyond just travel and dining.

Pros and Cons

Pros

Cons

How to Apply for a Chase Sapphire Preferred® Credit Card

Online

Mobile App

In Bank's Office

Infographic

Chase Sapphire Preferred®

Eligibility Requirements

Reasons You May Be Denied a Card

How to Pay Off Credit Card Debt

Editorial Opinion

The Chase Sapphire Preferred® Credit Card is designed to appeal to frequent travelers and those who spend significantly on dining and travel-related expenses. Offering a substantial sign-up bonus of 60,000 points after meeting the initial spending requirement, the card also includes perks like a $50 annual hotel credit, baggage delay insurance, trip delay reimbursement, and primary car rental insurance when bookings are made through Chase Travel. These benefits, alongside an enhanced points earning structure, make it a compelling option for individuals looking to maximize their rewards and travel benefits. However, potential applicants should note that approval generally requires a good to excellent credit score and a stable income. 

Additional Resources

Sources

FAQ

Is the Chase Sapphire Preferred® Credit Card worth it?

Who would benefit from acquiring the Chase Sapphire Preferred® Credit Card?

Is it hard to get a Chase Sapphire Preferred® Credit Card?

Zarina S
Editor
Zarina S
02.12.2022
-
Update 28.06.2024