What is the average credit score needed to get approved for Chase Sapphire Preferred® Card?

You need a good-to-excellent credit rating to qualify.

Does Chase Sapphire Preferred® Card report to all three credit bureaus?

It will report to personal credit bureaus only if your account is delinquent.

Is the Chase Sapphire Preferred® Card application process lengthy? Can you prequalify?

You cannot prequalify for this card. However, the application process is simple and can be even faster if you have an existing account.

What information is needed to apply for Chase Sapphire Preferred® Card?

To apply, you need to furnish personal information like your name, date of birth, Social Security number and address. You also need to share financial information.

Does Chase Sapphire Preferred® Card have good customer service or satisfaction?

Chase scores high on customer satisfaction according to most sources and offers 24/7 help via phone.

Does Chase Sapphire Preferred® Card have a mobile app or the option to pay or manage your account online?

You can pay or manage your account online on their website and mobile app.

Does Chase Sapphire Preferred® Card raise credit limits automatically or charge for limit increases?

Your credit limit might increase automatically with good credit usage. Otherwise, you can also send in a request for a manual credit limit increase .

Does Chase Sapphire Preferred® Card offer the options to freeze your credit/account or have other security features?

The card has many security features including zero liability, fraud detection and easy freezing.

Does Chase offer other credit cards besides Chase Sapphire Preferred® Card?

The company offers many other credit cards, including the Chase Sapphire Reserve Card and the Ink Business Unlimited® Credit Card.

Chase Sapphire Preferred® Card Review

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

In this review of the Chase Sapphire Preferred® Card credit card, we focus on its merits for travel rewards and the many ways you can earn and redeem reward points based on your travel, dining, and general purchases. The card also comes with an excellent welcome offer that further enhances the value. It combines a reasonable annual fee, bonus points for travel, dining and other activities as well as travel protection features.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Cash Back Rewards
Travel Rewards
Hotel Benefits
Airline Benefits
Has Rewarding Welcome Offer
Has Foreign Transaction Fee
Recommended Credit
Excellent

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OUR REVIEW AT A GLANCE

Credit Card Details at a Glance
Pros & Cons Explained
Bonuses & Rewards Explained
Our Verdict: Is This Card for You?

Chase Sapphire Preferred® Card at a Glance

The Chase Sapphire Preferred® Card credit card is a travel card that offers high rewards in many different areas, including 5x rewards on travel expenses, 3x rewards on dining and 2x points for all other travel-related purchases. You also receive one point per dollar for all purchases that don’t fall under these categories. This card is a great entry into the Chase Ultimate Rewards program and has a generous welcome offer of 80,000 bonus points if you spend $4,000 in the first three months.

Chase Sapphire Preferred® Card
A very good rewards card with no foreign transaction fees and comprehensive travel cover
- ExcellentRecommended Credit
- $95Annual Fee
- 1–2 Points per $1Rewards Rate
- 2xRewards Rate on Air Travel
- 2xRewards Rate on Dining
Pros
Stand to earn 80,000 bonus points by spending $4,000 in the first three months
Earn up to $50 in statement credits by using your card to pay for grocery purchases during the first year
Earn 2x points on dining and travel and 1x points on all other purchases
Ways to redeem points include cash back, 1:1 points transfer, gift cards and more
Use the My Chase Plan to break up purchases of $100 or more into fixed monthly payments and pay just a monthly fee, no interest
Pay no foreign transaction fees
Extensive travel and purchase covers are in place to provide extra peace of mind

Cons
Annual fees
Balance transfer and cash advance fees
Penalty APR might apply in case of returned or late payments
Get 80,000 bonus points after spending $4,000 in the first three months
Use your card to pay for groceries and stand to earn up to $50 as statement credit in the first year
Earn 2x points on dining out, takeout and other eligible delivery services, as well as on travel purchases
Ean 1x points on purchases across all other categories
Use points to pay for products or services made available through the Chase Ultimate Rewards program or directly from other merchants
Get 25% more value for your points when you redeem them through Chase Ultimate Rewards
Some of the 1:1 points transfer members include AerClub, British Airways Executive Club, Emirates Skywards, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt
Complimentary travel protection comes in the form of trip cancellation/interruption insurance, auto rental collision damage waiver, baggage delay insurance, trip delay reimbursement as well as travel and emergency assistance services
Safeguard your purchases through purchase protection and extended warranty protection
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other cards with lower interest rates.

Pros & Cons Explained

While the Chase Sapphire Preferred® Card brings many benefits to the table, we need to look at both its pros and cons to give you a clear picture.

Pros

Benefits
Description
Excellent signup bonus
The Chase Sapphire Preferred® Card credit card offers one of the most enticing welcome offers in the industry. 80,000 bonus points are awarded if you can meet the minimum spending requirement of $4,000 in the first three months of use. This can give you a quick head start on points.
High rate of rewards
This card provides five rewards points for every dollar spent on travel purchases through Chase Ultimate Rewards, three points for every dollar spent on select streaming services, dining and grocery purchases and two points per dollar for all other travel-related purchases.
Flexible redemption
You have many ways of redeeming your rewards points. You can book through the Chase travel portal or transfer rewards points to Chase’s travel partners for even more value.

Cons

Drawbacks
Description
Complicated categories
In order to make the most of this card, you would need to keep track of the relevant bonus categories available on this card. Simpler cards can be much easier to use.
Annual fee
The card comes with a $95 annual fee. While this is a very low fee compared to some other cards, some competing cards also have no annual fee. Good credit required. You need to have a good-to-excellent credit rating in order to qualify for this card.

LOOKING FOR THE BEST CREDIT CARDS OF 2022?

MoneyGeek regularly updates its recommendations of credit cards across multiple categories by analyzing current data. While the Chase Sapphire Preferred® Card is not currently featured in the top cards, you can check out other top travel credit cards of 2022 to see what fits your needs.

Bonuses & Rewards Explained

With the Chase Sapphire Preferred® credit card, travel purchases have significant bonuses. You earn 5x rewards points on all travel purchases made through the Chase Ultimate Rewards program. You earn 3x reward points for eligible dining, takeout and delivery services. On other travel purchases, you get 2x reward points. Meanwhile, all other purchases accrue one point per dollar. You can then redeem these points with Chase Ultimate Rewards or transfer them to several hotel and airline partners.

The card also includes a very generous welcome offer of 80,000 points, a value of about $1,250, once you complete $4,000 worth of purchases during the first three months of opening your card account. You can also earn 3x rewards points for grocery expenses and select streaming services.

>>MORE: CHASE ULTIMATE REWARDS: PROGRAM GUIDE

Other Features Explained

Many other features and benefits come bundled with the Chase Sapphire Preferred® Card credit card, including:

Card Feature
Description
Primary rental car insurance
The card includes an auto rental collision damage waiver which means you would not need to file a claim with an insurer to receive coverage. This covers physical damage, theft, towing charges and valid loss of use.
Travel features
Since this is a travel card, it comes with a plethora of travel-specific features. This includes baggage delay insurance, trip delay insurance and insurance for trip cancellation or interruption. You also have insurance for travel accidents, reimbursement for lost luggage, travel and emergency assistance and complimentary roadside dispatch.
Purchase protection
New purchases you make using this card are protected with purchase protection against theft or damage for a period of 120 days, with certain exceptions like used items and antiques. The protection includes up to $500 per claim and up to $50,000 per account.
DoorDash subscription
The card comes with a complimentary DashPass subscription service provided by DoorDash, valid for one year. This provides reduced fees for orders over $12 and unlimited deliveries with no delivery fee.
Peloton credits
When you purchase an eligible Peloton membership, you get up to $60 back using your card. This gives you access to the popular Peloton digital home workout library.
No foreign transaction fees
It is easy to use this card while traveling abroad since there are no foreign transaction fees involved.

MONEYGEEK EXPERT TIP

"You can earn more bonus points by acquiring a separate Chase Sapphire Preferred® Card credit card for each adult member in your household. Earning both referral bonus points and an additional sign-up bonus for your household is a fantastic way to accumulate points for a travel redemption." - Alene Laney, Credit Card Journalist

Understanding the Fine Print

Card Feature
Amount or Rate
APR
20.99% – 27.99% Variable
Annual Fee
$95
Cash Back Rewards
Rewards Rate
1–2 Points per $1
Airline Benefits
Rewards Rate on Groceries
1x
Rewards Rate on Gas
1x
Rewards Rate on Dining
2x
Rewards Rate on Entertainment
1x
Rewards Rate on Online Shopping
1x
Rewards Rate on TV, Phone, Internet Services
1x
Rewards Rate on Air Travel
2x
Rewards Rate at Hotels
2x
Balance Transfer Fee
$5 or 5%, whichever is greater.
Balance Transfer APR
20.99% – 27.99% Variable
Late Fees
Up to $40
Cash Advance Fee
$10 or 5%, whichever is greater
Cash Advance APR
29.99% Variable
Foreign Transaction Fee
None

Regular APR
This card has no introductory APR offer, so you will have to work with a variable APR of 20.99% – 27.99%, which is quite high compared to other credit cards.
Annual Fee
The card has an annual fee of $95, which is reasonable considering market trends. In fact, you can easily recoup the value of the annual fee with your rewards spending, especially if you are primarily using your card for travel-related expenses.
Other Fees
With this card, you have a balance transfer fee of $5 or 5% of the transfer amount, whichever is greater. You also have a cash advance fee of the greater of $10 or 5% of the transfer amount. There is no foreign purchase transaction fee.

WHERE TO FIND THIS INFORMATION?

If you want to compare this card with other cards you have or cards we recommended in our top travel cards category, you need to pay attention to the APR and all relevant fees and charges. You can take a look at your billing statement or check the website or mobile app of the card provider. You can also find information through the credit card agreement database maintained by the Consumer Financial Protection Bureau (CFPB).

Who Should & Shouldn’t Consider Chase Sapphire Preferred® Card?

Other Considerations for Chase Sapphire Preferred® Card

Before getting the Chase Sapphire Preferred® Card credit card, you need to decide how you plan to use it. Do you want it as your only credit card or should you add it to an existing collection of different types of cards?

Things to Consider if This Will Be Your First or Only Credit Card

If this is your only credit card, keep the annual fee and the high APR in mind. If you do not pay your balance monthly, the high APR would mean having to pay extra. If you frequently book your travel through the Chase Ultimate Rewards program, the high rewards rate can work for you. However, if most of your purchases happen in other categories like grocery, delivery and dining, the rewards rate might not be as appealing.

Things to Consider if This Will Be an Additional Card in Your Wallet

As an additional card, this card can work well if you travel frequently. With no foreign transaction fees, this card is a good choice for international travel, along with all the other travel-focused perks. Similarly, if you have other Chase cards and use the Chase Ultimate Rewards program, the transferable rewards points can give you some good value.

WHY TRUST OUR REVIEWS

MoneyGeek meticulously verifies and analyzes data while reviewing credit cards. We standardize data points for fair comparisons, estimate average spending profiles, determine long-term value and re-rank regularly. We collect information from the Consumer Finance Protection Bureau’s database.

How Chase Sapphire Preferred® Card Compares to Other Cards

This card is a good choice both for casual and frequent travelers who are looking for a streamlined experience with a solid reward accumulation rate with a low annual fee. It stacks up well against the competition. However, it is a good idea to compare it against other cards to see if it is the right fit for you.

In-Depth Credit Card Comparisons:

Quick Comparison of Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Annual Fee: $95
APR : 20.99% – 27.99% variable
Welcome Bonus Points: 80,000 bonus points by spending $4,000 in the first three months
Best for: Casual and frequent travelers

Capital One Venture Rewards Credit Card

Annual Fee: $95
APR : 20.74% – 28.74% variable
Welcome Bonus Points: 75,000 bonus miles by spending $4,000 in the first three months
Best for: Casual and frequent travelers

Other Helpful Decision-Making Q&As

Here are some frequently asked questions and answers about the Chase Sapphire Preferred® Card credit card that you might want to know about.

Still not sure about this card? Consider these options.

If you are still not sure about this card, take a look at our top recommended travel cards. If you are not looking for a travel card, you can opt for a rewards card or a balance transfer card instead.

View All Credit Cards

Learn more about credit cards in general

sources

Chase. "Sapphire Preferred." Accessed August 29, 2021.
Consumer Finance Protection Bureau. "Credit card agreement database." Accessed August 29, 2021.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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