Chase Sapphire Preferred® Card Value & Points Calculator

The Chase Sapphire Preferred® Card is one of the best travel credit cards for those new to earning rewards as well as one of the best for those who are an expert at redeeming Ultimate Rewards Points for maximum value. It offers a great return on spend, a 25% point value boost to travel redemptions made through Chase Ultimate Rewards®, an annual $50 hotel credit, a 10% anniversary bonus, and superb travel insurance.

Rewards Rates

5X
Earn 5X total points on travel purchased through Chase Ultimate Rewards®.
3X
Earn 3X points on dining, including eligible delivery services, takeout and dining out.
3X
Earn 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs).
3X
Earn 3X points on select streaming services.
2X
Earn 2X on other travel purchases.
1X
Earn 1X on all other purchases.

As part of the Chase-Lyft Partnership, the Chase Sapphire Preferred Card also earns 5X points on Lyft purchases until March 2025.

Do note that you will not earn 5X points on hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit. Once the credit is exhausted, you'll then earn 5X on hotel purchases through the portal.

Current Intro Bonus

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Key Cardholder Benefits

  • As a Chase Sapphire Preferred cardholder, you'll receive a 25% boost to point value when you redeem your points through Chase Ultimate Rewards. This bumps up the value of your points to 1.25 cents each.
  • You'll receive a $50 credit every cardmember anniversary that can be used towards hotel stays booked through the Chase Ultimate Rewards Travel portal.
  • Every cardmember anniversary you'll receive 10% bonus points based on how much you spent on the card the prior cardmember year. This bonus does not include the category bonus multipliers.

Example for the 10% bonus points: If you were to spend $3,000 on dining purchases throughout the cardmember year, you would receive a 300 point bonus based on the total annual spend (not the total points earned from the 3X multiplier).

Rewards Value

Ultimate Rewards Points earned with the Chase Sapphire Preferred Card have an average value of 1.25 cents each. This is the value you'll get when you redeem your points for travel through Chase Ultimate Rewards.

You can obtain higher values when you transfer your points to Chase's travel partners and redeem them for airline tickets and hotel stays.

Redemption Option Average Value (in cents)
Point transfers to airline and hotel partners 0.6 - 2.1
Booking travel through Chase Ultimate Rewards using the Chase Sapphire Preferred 1.25
Pay Yourself Back using the Chase Sapphire Preferred 1.25
Redeeming points for cash back 1
Redeeming points for gift cards 1
Using points for Amazon.com purchases 0.8

Transfer Partners

Ultimate Rewards Points earned with the Chase Sapphire Preferred can be transferred at a 1:1 ratio to over 10 travel partners.

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Annual Fees

The Chase Sapphire Preferred Card has a $95 annual fee.

Chase Points Calculator

Use the Chase Sapphire Preferred Points Calculator to determine how many points you can earn based on the monthly or yearly spending amounts you enter.

You can calculate the cash value of the Chase Sapphire Preferred alongside up to two other credit cards from any issuer.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site. This means there's no need to re-enter spend when jumping to other credit card pages on the site.

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Chase 5/24 Rule

If you've opened up more than 5 new accounts in the last 24 months, it may be hard to get approved for the Chase Sapphire Reserve and other Chase credit cards. This includes any kind of new account and not just new credit card accounts.

If you're unsure of how many accounts you've opened up in the last 24 months, you can use Credit Karma to check for free without hurting you credit score.

FAQ

What categories are featured on the Chase Sapphire Preferred?

Travel purchases through Chase Ultimate Rewards, online grocery, select streaming services, and other travel & dining purchases.

What benefits does the Chase Sapphire Preferred have?

It offers a 25% boost to point value when redeemed on the Chase Travel Portal, a $50 anniversary hotel credit and great travel and purchase insurance coverage.

What is the annual fee for the Chase Sapphire Preferred?

The annual fee for the Chase Sapphire Preferred is $95.

Is the Chase Sapphire Preferred better than the Chase Sapphire Reserve?

Depends on how you plan on redeeming your rewards and how much you spend in the bonus categories. You can use the Chase Sapphire Preferred Points Calculator to compare the cash value of both cards.

How does the Chase Sapphire Preferred Point Calculator work?

The calculator will calculate total Ultimate Rewards Points and the cash value of the card based on spend, how much you value benefits, and fees. You can then compare it against hundreds of cards including the Chase Sapphire Reserve.