Chase Sapphire Preferred Card
Calculate total Ultimate Rewards Points and the cash value of the Chase Sapphire Preferred based on monthly/yearly spend, card benefits, and the annual fee. Compare the results side by side any credit card including the Chase Sapphire Reserve.
The Chase Sapphire Preferred Card is the entry level card for earning Ultimate Rewards Points. While the card offers a great return the first year thanks to the fee being waived, it's the second year onward that you'll have to worry about. If you plan on redeeming Ultimate Rewards Points on the travel portal or you plan on transferring points to airline and hotel partners, you'll want to heavily consider the Chase Sapphire Reserve. You can compare the return using the calculator below or get read up on how the Chase Sapphire Reserve and Preferred compares side-by-side.
The Chase Sapphire Preferred features three bonus categories which are Lyft, travel, and dining purchases. There is no limit to the amount of bonus Ultimate Rewards Points you can earn spending across these three categories and no limit to the amount of Ultimate Rewards Points you can earn with the card in general.
[Starting January 12th, 2020] Lyft purchases made on the Chase Sapphire Preferred Card will earn you 5 Ultimate Rewards Points per $1 spent. If redeemed via the Chase Travel portal, you're looking at a 6.25% return based on a value of 1.25 cents per Ultimate Rewards Points. Those who prefer to transfer their points will be earning the equivlant of 5 airline miles or hotel points with Chase's transfer partners.
With the new Lyft-Chase partnership, all Chase credit cards will earn 5x/5% per $1 spent on Lyft purchases with the exception of the Chase Sapphire Reserve Card which will earn 10x per $1 spent. If you use Lyft a lot during the year and cherish Chase Sapphire Reserve Points, the 10x earnings could be a good reason to consider the Reserve.
Travel purchases (not including Lyft) that you make on the Chase Sapphire Preferred Card will earn you 2 Ultimate Rewards Points per $1 spent. With a value of at least 1.25 cents per point towards travel portal purchases, you're looking at an easy 2.5% return which is good. The good thing about this category is that Chase's definition of travel is really broad which means you can earn points quickly. Chase defines travel as:
- Hotels, Motels, Timeshares
- Car Rental Agencies, Taxis, Buses, Trains, Limousines
- Cruise Lines
- Travel Agencies, Travel Sites
- Ferries, Toll Bridges, Highways
- Parking Lots, Garages
- Anything else related to travel
2x Dining Purchases
Dining purchases made on the Chase Sapphire Preferred will earn you 2 Ultimate Rewards Points per $1 spent. This includes:
- Fast Food
- Fine Dining
- Coffee Shops (i.e. Starbucks)
- Vending Machines
- Food Delivery Services
You can earn a higher return of 3 Ultimate Rewards Points per $1 spent on dining with the Chase Sapphire Reserve. Since holding at least one Ultimate Rewards Points credit card will allow you to convert Chase cash back to points, you'll also want to take a look at the no-annual-fee Chase Freedom Card which features dining as a 5% cash back rotating quarterly from time to time. The card also features Chase Pay which can generally be used at most fast food chains as well as other dining establishments.
Purchases outside of the three categories listed above made on the Chase Sapphire Preferred will earn 1 Ultimate Rewards Point per $1 spent. At a value of 1.25 cents per point, you're looking at a return of 1.25%. I recommend picking up the Chase Freedom Unlimited or Chase Ink Business Unlimited since both cards earns 1.5% cash back and has no annual fee. This will give you a higher return of 1.875% if you're redeeming on the Chase Ultimate Rewards Travel Portal.
Perks and Benefits
25% Point Boost
Chase Sapphire Cardholders will receive a 25% boost to the value of their earned points when redeemed through the Chase Ultimate Rewards Portal. This gives points an easily obtainable value of 1.25 cents each. The same 25% boost is offered on the Chase Ink Business Preferred while a higher boost of 50% is offered on the Chase Sapphire Reserve.
The Chase Sapphire Preferred Card offers superb travel coverage. When you use this card to pay for your trip, you will receive the following coverage:
- Trip Cancellation/Interruption Insurance - $10k per person and $20k per trip for per-paid, non-refundable travel expenses
- Auto Rental Collision Damage Waiver - Covered for up to the actual cash value of the vehicle for theft and collision damage for rental cars in the U.S. and abroad when you decline the rental company's collision insurance
- Baggage Delay Insurance - Reimbursements for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days
- Trip Delay Reimbursement - If your carrier travel is delayed more than 12 hours or requires an overnight stay, you and your family are covered for un-reimbursed expenses such as meals and lodging, up to $500 per ticket
- Travel and Emergency Assistance Services - If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance (you will still be responsible for the cost of goods/services obtained)
Along with solid travel coverage, the Chase Sapphire Preferred card also comes with great purchase coverage. When you use your card to pay for eligible items, you will receive:
- Purchase Protection - Coverage on new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account
- 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
Sign Up Bonus
The standard signup bonus for the Chase Sapphire Preferred is 60,000 Ultimate Rewards Points after spending $4,000 on purchases in the first 3 months of account opening. For travel redemptions on the Chase Ultimate Rewards Portal, you'll get a cash value of $750. This is the same cash value of the Chase Sapphire Reserve's 50,000-point sign up bonus since points with the Reserve are worth 1.5 cents each when redeemed on the portal. So if you plan on redeeming your points on the portal, the sign up bonuses are equal in value.
Credit Card Fees
|Authorized User Fee|
|Foreign Transaction Fee|
The Chase Sapphire Preferred's annual fee is $0 the first year, then $95. As with most cards with a waived annual fee, the first year returns exceptional results. Once the annual fee kicks in the second year though, you'll have to re-evaluate the card to see if the Chase Sapphire Preferred is worth it in the long run (see below).
Authorized User Fee
There are no fees associated with adding an additional user to the Chase Sapphire Preferred Card. This allows you to easily build more points by adding authorized users to your card. I highly recommend doing such if you have friends or family that spends in these categories.
Foreign Transaction Fee
The Chase Sapphire Preferred Card has a 0% foreign transaction fee which makes this a solid choice for anyone looking to earn Ultimate Rewards Points on international purchases/travel.
Better Option In The Long Run?
Looking at the second year and onward of cardmembership, if you plan on redeeming your points on the Chase Travel Portal, you will be better off with the Chase Sapphire Reserve Card due to the 50% boost and the extra point per $1 on both travel and dining. The $450 price tag of the Reserve can be intimidating to those not used to premium cards, but you will only be cheating yourself if you pick up the Sapphire Preferred and redeem the majority of your points through Chase's portal. This also applies to those who can transferring points to Chase's partners and get a value of 1.5 cents or higher.
If you don't plan on using the portal or getting exceptional value out of transferring points, you'll likely be getting a value of 0.8 to 1 cents per point due to redeeming directly with Chase. If this is the case, the deciding factor between both cards will be around $500-$550 per month (assuming you use the $300 travel credit). If you spend a combined $500-$550 per month between travel and dining, the Sapphire Reserve will be the better choice.
You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on rewards earned and how much each benefit is worth to you minus the fees. You can click the Compare A Card button to compare this card against another card in the same calculator.
All category spend entered in the primary card's column will carry over to all credit card pages on the site so you don't have to re-enter the same information over again.
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