Edited by: Stella Shon
& Kellie Jez
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Good to Excellent (670-850)
A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
(at Chase's secure site)
The Chase Sapphire Preferred® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.
Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.
For starters, the Chase Sapphire Preferred card is a workhorse when it comes to earning points on purchases that you likely spend the most on.
From travel to dining, online grocery purchases, and even streaming services, the card will help you rack up points on all of these purchases. Plus, each year, you’ll earn bonus points equal to 10% of your total purchases made the previous year.
Of course, once you’ve earned those points, Chase gives you plenty of redemption options that fit whatever you might be looking for. This includes cash-back, redeeming with a 25% bonus through the Chase travel portal or Pay Yourself Back feature, or our favorite — redeeming with one of the Chase transfer partners.
The card offers more than just the opportunity to earn and redeem points though. Cardholders also get a $50 annual hotel statement credit when booking through Ultimate Rewards. Additionally, your card helps keep you covered when things go wrong with trip delay insurance, lost/delayed baggage insurance, rental car insurance, purchase protection, and more.
So, is the Chase Sapphire Preferred card worth it? If you’re looking for a card that is great at earning points, offers flexible redemption options, and includes solid benefits and travel protections, then yes — the Chase Sapphire Preferred card would be very worth it to you!
Your card comes with quite a few benefits to keep you insured while traveling. You’ll receive:
Cardholders receive $50 in annual statement credits when they purchase a hotel stay through the Chase Ultimate Rewards portal. Unlike other credit card credits, this $50 statement credit is very easy to use and effectively brings the annual fee of the card down to just $45.
Note that we’ve seen that this credit isn’t awarded until your card anniversary for existing cardmembers. Explore your card account to see if the credit is already available for use, or when it will be applied to your account.
An Auto Rental Collision Damage Waiver (CDW) is a form of insurance that offers protection against damage or theft of your rental car. The coverage provided by the Chase Sapphire Preferred is primary, meaning you don’t have to file a claim with any other insurance first.
This coverage applies to rentals in the U.S. and in most other countries worldwide. Your coverage extends to any additional drivers listed on your rental agreement, plus any authorized users on your card and additional drivers listed on their car rental agreements.
To activate your coverage, be sure to decline the policy offered by the car rental agency and pay for your entire rental with your card. You’ll also be earning 2 Ultimate Rewards points per dollar when renting a car!
Chase purchase protection provides reimbursement or repair for qualifying items purchased with your card in the event of theft or accidental damage. To qualify, at least part of your purchase needs to be made with your Chase Sapphire Preferred card or points from your Chase Sapphire Preferred card account.
If the item you purchased is stolen or accidentally damaged within 120 days from the date of purchase, you can receive a replacement, repair, or reimbursement for your item at the discretion of the benefits administrator.
The card’s purchase protection policy is capped at $500 per claim and $50,000 per account.
Extended warranty coverage increases the U.S. manufacturer’s warranty of an item by 1 year if the original warranty is less than 3 years. At least part of the item needs to have been purchased with your card or points in your Chase Sapphire Preferred card account.
Each claim has a $10,000 maximum, and each account has a maximum of $50,000.
Aside from using your Chase Sapphire Preferred card for all of your daily purchases, there are many other great ways to earn lots of Chase Ultimate Rewards points, and our dedicated guide will show you just that!
Once you’re sitting on a nice stash of Chase Ultimate Rewards points, next is the fun part — redeeming them! While Chase gives you multiple redemption options for your points, we’ve put together an ultimate guide that covers the best ways to redeem your Chase points for max value.
You’ll notice when reading through our redemption guide that most of our favorite ways to redeem our Chase points are by using the Chase transfer partners. While these redemptions require a bit more legwork, they are by far the best way to get huge value from your points — especially if you want to stay in luxury hotels and fly in first or business class cabins!
Interested in the Chase Sapphire Preferred card but curious to learn about your other options? Check out these other offerings:
There’s a lot to love about the Capital One Venture card. With a variety of airline and hotel transfer partners and 2x on all other purchases, it’s easy to see why this is a direct competitor of the Chase Sapphire Preferred card.
If the majority of your daily spending comes from purchases outside of dining and travel categories, then the Capital One Venture card might be a great option for you.
For more information, check out our detailed analysis of the Chase Sapphire Preferred Card vs. the Capital One Venture card.
The Citi Premier card is one of the few travel credit cards on the market to offer a high return on gas purchases. This makes the card an excellent choice for those who drive often for work or love taking road trips.
Review a detailed comparison in our head-to-head article on the Chase Sapphire Preferred card vs. Citi Premier card.
We’ve also compared the Chase Sapphire Preferred card with other popular cards:
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.