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Chase Sapphire Preferred Card – Full Review [2023]

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Jarrod West

Jarrod West

Senior Content Contributor

Countries Visited: 21U.S. States Visited: 24

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Stella Shon

Stella Shon

Compliance Editor & Content Contributor

Countries Visited: 25U.S. States Visited: 22

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...
& Kellie Jez

Kellie Jez

Director of Operations & Compliance

Countries Visited: 10U.S. States Visited: 20

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

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Chase Sapphire Preferred® Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
  • 60,000 points

  • $95

  • Good to Excellent (670-850)

Chase Sapphire Preferred® Card

A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Learn More

(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.

Card Details
Pros & Cons
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60,000 points

Learn More

(at Chase's secure site)

Great Card If

  • You want a card that offers flexible redemption options
  • You spend a lot on travel, online grocery purchases, dining, and food delivery
  • You travel frequently for work
  • You’re new to the world of points and miles
  • You frequently use rideshare services like Lyft

Don’t Get If

  • You seldom eat out and prefer cooking at home
  • You don’t enjoy traveling
  • You prefer a card with increased offerings like airport lounge access or hotel elite status

Chase Sapphire Preferred Card — Is It Worth It?

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!

Chase Sapphire Preferred Card — Top Benefits

Travel Protections

Your card comes with quite a few benefits to keep you insured while traveling. You’ll receive:

  • Trip Delay Insurance — Receive reimbursements of up to $500 per ticket if your flight is delayed 12 hours or requires an overnight stay. This includes items like lodging, food, etc.
  • Trip Cancellation and Interruption Insurance — If you need to cancel a trip due to illness, severe weather, or any other covered circumstance, you’ll receive a reimbursement of up to $10,000 in non-refundable travel expenses if you need to cancel your trip or end it early.
  • Baggage Delay Insurance — If your checked baggage is delayed more than 6 hours, you’ll receive $100 in reimbursements for essential items per day for up to 5 days.
  • Lost Luggage Insurance — The costs you incur to repair or replace checked and/or carry-on baggage due to physical loss, theft, or damage are covered up to a maximum of $3,000 per person.
  • Travel Accident Insurance — In the case of accidental death or loss of speech, sight, or hearing during your travels, you can receive up to $500,000 when the incident happens on a common carrier (airline, cruise ship, etc.) or $100,000 at any other part of your trip.

Annual Hotel Credit

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.

Rental Car Insurance

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!

Purchase Protection

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 Protection

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.

Best Ways To Earn and Redeem Your Chase Points

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!

Alternative Cards to the Chase Sapphire Preferred Card

Interested in the Chase Sapphire Preferred card but curious to learn about your other options? Check out these other offerings:

Capital One Venture Rewards Card

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.

Citi Premier® 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.

Frequently Asked Questions

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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.


stephen micheal

June 06, 2019

Now I know what chase sapphire preferred card is all about and how much it will cost to get this card. Thanks for passing along this nice information.

Erin Miller

June 06, 2019

Glad you enjoyed the article Stephen! 🙂

Frank Pace

October 30, 2022

Chase Preferred card excludes Walmart and Wholesale clubs from 3x points.
Does one still get 1x points from Walmart and Wholesale Clubs?

Christine Krzyszton

October 30, 2022

Hi Frank. Yes. While Walmart and wholesale clubs are not included in the online grocery shopping bonus category, you still earn 1x points on those purchases.


January 17, 2023

I recently obtained the Chase Sapphire card and thus far I’m not all that impressed. Especially when it comes to booking hotels. I’m in the process of planning a 3 week trip where I will be traveling throughout the Mediterranean. Went to Trip Advisor to look for hotels in the areas of where I’ll be traveling and to check out the reviews. When going to the Chase travel site to book the hotel stays, so I could get the 5X points, I discovered that all of the prices were easily 10-30% higher through the Chase portal than if I booked through Expedia or directly through the hotel! Jacking the price up 10-30% does not make it worth it just to get 5X the points, IMHO. I’m going to keep the card for one year so I can get and use the sign-up bonus points, but after that I’ll be doing some serious assessment of this cards worth and decide if it’s worth keeping.

Jarrod West

January 17, 2023

Hi George,

If there is a price discrepancy on the dates you are looking at, you can still book through Expedia or the hotel directly to save to 10% to 30% and earn 2x points per $1 for general travel purchases on the Chase Sapphire Preferred card.

Jacob Richard

July 30, 2023

I’m curious if there is a waiting period before becoming eligible for another Chase card. For example, if I get this Sapphire Preferred, get the sign up bonus and use the card for 4-6 months, how soon can I go get the Sapphire Reserve and be safe eligible to get that sign up bonus too?

Jarrod West

July 31, 2023

Hi Jacob,

You must wait 48 months between getting the sign up bonus for the CSP and CSR.

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