Earning Rates

The Chase Sapphire Preferred Card earns Ultimate Rewards points at the following rates:

  • 5 points per $1 spent on travel purchased through Chase Travel, excluding hotel purchases that qualify for the $50 Annual Chase Travel Hotel Credit.
  • 3 points per $1 spent on dining, including eligible delivery services, takeout and dining out.
  • 3 points per $1 spent on online grocery purchases (excluding Target, Walmart and wholesale clubs).
  • 3 points per $1 spent on select streaming services.
  • 2 points per $1 spent on other travel purchases.
  • 1 point per $1 spent on all other purchases.

Rewards Value & Calculator

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Key Benefits

Here are the main benefits of the Chase Sapphire Preferred Card:

  • $50 Hotel Credit: Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Travel.
  • 25% Point Value Boost: Points are worth 25% more when you redeem for travel through Chase Travel℠.
  • 10% Anniversary Bonus: Each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
  • Travel & Purchase Coverage: Trip Cancellation Insurance, Trip Interruption Insurance, Trip Delay Reimbursement, Baggage Delay Insurance, Auto Rental Collision Damage Waiver, Purchase Protection, and Extended Warranty Protection.

Transfer Partners & Conversion Calculator

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Chase Sapphire Preferred points can be moved between Chase-branded credit cards attached to your account at a 1:1 rate. This includes the Chase Sapphire Reserve® and Ink Business Preferred® Credit Card as well as most of Chase's cash back credit cards.

This means you can mix and match personal and business credit cards to maximize your rewards and point values towards travel.

Fees

Annual Fee

The Chase Sapphire Preferred has an annual fee of $95.

When it comes to earning points, this is one of the best Chase credit cards to do it thanks to the solid bonus multipliers and 10% anniversary bonus. On top of that, points have increased value towards travel and can have even more value when transferred to Chase's partners.

Overall, this card is well worth the $95.

Authorized User Fee

There is no fee to add authorized users to the Chase Sapphire Preferred. Adding family and friends to the account can help you earn points faster.

Foreign Transaction Fee

The Chase Sapphire Preferred has a 0% foreign transaction fee. That makes this an excellent card for international travel and spending.