Chase Sapphire Preferred Review 2026

Best overall travel rewards card under $100 annual fee.

Find your card type — 60-second quiz →

Excellent credit — 720+ FICO typical; Chase 5/24 rule applies

ClearValue Rating: 4.3 / 5 — our editorial assessment (how we rate)

Editorial4.3
Cost4.8
Value5.0
Access3.1

Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.

At a glance

Who Chase Sapphire Preferred is best for

Regular travelers who want transferable points, strong dining rewards, and a manageable fee.

Pros

Cons

Chase Sapphire Preferred requirements

Value at a glance

Year 1 valueOngoing value
60K-point welcome bonus (~$750 in Chase Travel) + $95 annual fee nets strong first-year value5x Chase Travel, 3x dining + streaming; $95 annual fee; no FX fees; points transfer 1:1 to 14+ partners
Welcome spend: $4K in first 3 months

Chase Sapphire Preferred alternatives

American Express Gold Card (American Express) — People who spend heavily on restaurants and U.S. supermarkets and can use the annual credits.
Read review Find your card type — 60-second quiz →
Chase Sapphire Reserve (Chase) — Frequent travelers who will use the $300 travel credit and Priority Pass lounge access regularly.
Read review Find your card type — 60-second quiz →
Capital One Venture X Rewards Credit Card (Capital One) — Travelers who want lounge access and strong travel rewards without the Chase 5/24 constraint.
Read review Find your card type — 60-second quiz →

Bottom line

Chase Sapphire Preferred — Best overall travel rewards card under $100 annual fee. Best for: Regular travelers who want transferable points, strong dining rewards, and a manageable fee.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.

Questions about Chase Sapphire Preferred

Is Chase Sapphire Preferred worth the $95 annual fee?

For regular travelers, yes. The 60,000-point welcome bonus is worth roughly $750 in travel through Chase Travel, which alone covers the fee multiple times over in year one. Ongoing, the 3x on dining and no foreign transaction fees are strong for moderate travelers. If you rarely travel or dine out, a no-fee cash-back card may return more per year.

How does Chase Sapphire Preferred point transfer work?

Chase Ultimate Rewards points transfer 1:1 to 14+ airline and hotel partners including United Airlines, Southwest, Hyatt, and others. Transfers are typically instant. You can also redeem through the Chase Travel portal at a 25% bonus, meaning 60,000 points is worth $750 in travel rather than $600 in cash back.

What credit score do I need for Chase Sapphire Preferred?

A 720+ personal FICO is a typical floor. Chase also applies the 5/24 rule — if you've opened 5 or more personal card accounts across any issuer in the past 24 months, approval is unlikely regardless of credit score.

Does Chase Sapphire Preferred include travel insurance?

Yes — it includes primary rental car insurance (which covers damage without needing to file against your personal auto policy first) and trip cancellation/interruption insurance. It also includes no foreign transaction fees, making it suitable for international travel. Verify the current benefit terms at the Chase issuer page.

Does Chase Sapphire Preferred include a hotel credit?

Yes — the card includes an annual $50 hotel statement credit for bookings made through the Chase Travel portal. The credit applies to one eligible hotel stay per cardmember year and refreshes annually. This is a meaningful benefit at the $95 fee tier. Verify current eligibility requirements at the Chase issuer page.

Can I upgrade Chase Sapphire Preferred to Chase Sapphire Reserve?

Yes — Chase allows product changes from Sapphire Preferred to Sapphire Reserve without a new application. This preserves your credit line and avoids a new hard pull. You won't receive the Reserve's welcome bonus via a product change (bonuses are for new accounts only). Chase typically requires at least 12 months of account history before approving most product changes.

How we rate

Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).

Scored consistently across every product and independent of any compensation. Full methodology →

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