Chase Sapphire Preferred Points Calculator - Worth $95?

Ultimate Rewards Points Calculator
Calculate Ultimate Rewards Points based on spend, the cash value of points, and point transfers to partners for the Chase Sapphire Preferred.
Last Updated 2022-07-02

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.

Card Details At-A-Glance

Issued By
Annual Fee
Foreign Transaction Fee

Bonus Categories

5X Chase Travel Portal

The Chase Sapphire Preferred earns 5 Ultimate Rewards Points per $1 spent on the Chase Travel Portal.

3X Dining

The Chase Sapphire Preferred earns 3 Ultimate Rewards Points per $1 spent on dining purchases. Chase considers dining to be:

  • Restaurants
  • Fast Food
  • Fine Dining
  • Diners
  • Coffee Shops (i.e. Starbucks)
  • Vending Machines
  • Bars
  • CafĂ©s
  • Food Delivery Services

3X Online Grocery

The Chase Sapphire Preferred earns 3 Ultimate Rewards Points per $1 spent on online grocery spend. In-store grocery shopping will not trigger the bonus points for this category and you will earn at the non-category rate of 1X.

3X Streaming Services

The Chase Sapphire Preferred earns 3 Ultimate Rewards Points per $1 spent on streaming services.

2X Travel

The Chase Sapphire Preferred earns 2 Ultimate Rewards Points per $1 spent on travel purchases. Chase considers travel to be:

  • Airlines
  • 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 that codes as travel

1X Everything Else

All other purchases on Chase Sapphire Preferred will earn you 1 Ultimate Rewards Point per $1 spent.

Card Benefits

25% Point Value Boost

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 can also earn a 25% point value boost with the Ink Business Unlimited® Credit Card and a 50% point value boost with the Chase Sapphire Reserve®.

Annual $50 Hotel Credit

You'll receive a $50 credit every cardmember anniversary that can be used towards hotel stays booked through the Chase Ultimate Rewards Travel portal.

10% Cardmember Anniversary Bonus

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. For example, if you were to spend $3,000 on dining purchases throughout the cardmember year, you would receive a bonus 300 points based on the total annual spend (not the total points earned from the 3X multiplier).

Insurance and Purchase Protections

Chase Sapphire Preferred Points Value

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

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.

Chase Sapphire Preferred Points Transfer

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


Transferring points to partners is the best use of Ultimate Rewards Points when it comes to maximizing value.

Is The Chase Sapphire Preferred Worth The Annual Fee?

If you're able to make use of the bonus categories and plan on redeeming your points for travel either through point transfers or the Chase Ultimate Rewards portal, the Chase Sapphire Preferred will be well worth it.

If you plan on using your points for cash back and statement credits, it may be a little harder to justify the annual fee, but it is still possible to get great value out of the card if you're running a good amount of spend through it. You'll also get the benefit of flexibility in the case that you want to redeem your points for travel.

You can use the Chase Sapphire Preferred Point Calculator to get an idea on whether or not the card is best for your spend. You can compare it side by side similar cards to find out if other cards may offer better value.

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 Preferred 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.

Point 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 Sapphire Preferred vs Reserve

The Chase Sapphire Reserve® is a significant step up from the Chase Sapphire Preferred when it comes to point earnings and especially card benefits. It features the following categories and earning rates:

  • 10X Hotels & Car Rentals through Chase Ultimate Rewards
  • 5X Air Travel through Chase Ultimate Rewards
  • 3X Travel
  • 3X Dining
  • 1X Everything Else

As a premium/luxury travel card with a $550 annual fee, the Chase Sapphire Reserve comes with a long list of travel perks and benefits. This includes a $300 annual travel credit, 50% boost to point value for travel booked through Chase Ultimate Rewards, and exceptional travel insurance.

The Chase Sapphire Reserve will be the better option over the Chase Sapphire Preferred if you can make use of the higher earning rates, maximize the card benefits, and redeem your points for travel at a value of 1.5 cents or higher either through Chase Ultimate Rewards or point transfers.

Chase Sapphire Preferred vs Freedom Unlimited

The Chase Freedom Unlimited® earns Ultimate Rewards Points at a flat rate of 1.5X with each point being worth 1 cent each when redeemed for cash back.

If you don't spend much across the categories of dining and travel, the value of the Chase Freedom Unlimited will easily surpass that of the Chase Sapphire Preferred due to the higher earnings rates and the fact that the Chase Freedom Unlimited has no annual fee.

There are exceptions though. For example, if you're able to get exceptional value out of transferring points to Chase's travel partners, the Chase Sapphire Preferred could become the better option since you cannot transfer points as a Chase Freedom Unlimited cardholder alone.

The best way to maximize Ultimate Rewards Points with the Chase Freedom Unlimited is by pairing it with either the Chase Sapphire Preferred or Chase Sapphire Reserve.

You can use the Sapphire Cards for their bonus categories and run all other spend through the Chase Freedom Unlimited. With this method, you'll never earn less than 1.5X back on your purchases.

Plus, as a Sapphire cardholder you'll be able to redeem Ultimate Rewards Points for higher value through Chase Ultimate Rewards and transfer them to partners which gives the Chase Freedom Unlimited's 1.5X earnings additional value.

Chase Sapphire Preferred vs AMEX Gold Card

The American Express® Gold Card is one of the best travel rewards credit cards in the market. It features the following categories and earning rates:

  • 4X Restaurants
  • 4X U.S. Supermarkets
  • 3X Airfare Booked Direct
  • 3X Airfare Booked via
  • 1X Everything Else

Membership Rewards Points and Ultimate Rewards Points can both be redeemed for high value when transferred to travel partners. So if you're big on maximizing value through this method, either card can be a solid option as both programs have a list of excellent travel partners. Which card is better will depend on your preferred transfer partners.

If you're big on cash back, statement credits, or gift cards, the Chase Sapphire Preferred is typically be the better option. This is because Ultimate Rewards Points have a value of 1 cent each for these redemptions whereas Membership Rewards Points will have a value of 0.5 to 0.6 cents each.


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.