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    Chase Sapphire Preferred — cinematic 3D product illustration on a studio backdrop (chase-sapphire-preferred).
    Credit Card
    Travel Rewards
    No FX Fee

    Chase Sapphire Preferred

    Cardholders new to transferable travel points who want strong value without a premium annual fee.

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    View Official Terms Learn More at Chase

    Suggested credit

    Good to excellent credit (typically 670+)

    Annual fee

    Modest annual fee (confirm current terms with Chase)

    APR

    Variable purchase APR — see current Chase terms

    Foreign transactions

    No foreign transaction fee

    Overview

    The Chase Sapphire Preferred is widely considered the standard entry point to transferable travel points. Its combination of elevated earn rates on travel and dining, a broad transfer partner lineup, built-in travel protections, and a modest annual fee has made it a staple of two-card and three-card rewards stacks — typically paired with Freedom Unlimited to combine flat-rate earning with transferable-point flexibility.

    Rewards

    Earns Ultimate Rewards points at elevated rates on travel and dining and a base rate on all other purchases. Points can be redeemed through Chase's travel portal at a boosted rate or transferred to a broad set of airline and hotel partners, where premium-cabin redemptions often deliver the highest value.

    Benefits

    • Ultimate Rewards points transfer to a range of airline and hotel partners
    • Trip cancellation and trip interruption insurance on eligible bookings
    • Primary rental car collision damage waiver on eligible rentals
    • No foreign transaction fee

    Pros

    • · Access to Chase's full transfer partner lineup at a modest annual fee
    • · Strong built-in travel protections
    • · Foundational card for building a Chase Ultimate Rewards ecosystem

    Cons

    • · Carries an annual fee unlike Freedom Unlimited
    • · Subject to Chase's 5/24 application guideline
    • · Value is highest for cardholders who transfer to partners; portal-only users may prefer a fee-free card

    Approval guidance

    Chase generally requires good-to-excellent credit and enforces the 5/24 guideline. Pre-existing Sapphire cardholders may face restrictions on earning the welcome bonus.

    Confirm current terms before applying. APR, welcome offers, rewards rates, and fees change frequently. The definitive source is the issuer's own product page. This overview is educational and reflects the card's typical structure, not a snapshot of any specific offer.

    Reasonable alternatives

    Credit Card

    Capital One Venture Rewards

    Cardholders who want simple, flat-rate travel rewards with transfer partner access.

    Credit Card

    Chase Freedom Unlimited

    Cardholders who want a flat-rate cash back card with no annual fee and no category tracking.

    Frequently Asked Questions

    Can I hold both Sapphire Preferred and Sapphire Reserve?

    No. Chase's terms state that a Card Member is not eligible to hold both a Sapphire Preferred and a Sapphire Reserve simultaneously. There is also a waiting period between earning a welcome bonus on one Sapphire product and being eligible for a bonus on another.

    Related resources

    Last updated 2025-01-05. Written by the UseYourCredit Editorial Team.