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.

Chase Sapphire Preferred® Card
A very good rewards card with no foreign transaction fees and comprehensive travel cover
- 1–2 Points per $1Rewards Rate
- 21.49% – 28.49% VariableAPR
- $95Annual Fee
- ExcellentRecommended Credit
We're stoked about the Chase Sapphire Preferred® Card because it comes with a healthy welcome bonus offer of 60,000 bonus points, provided you spend $4,000 on purchases in the first three months.
You may earn up to 5X points per dollar through its bonus categories. If you redeem your points via Chase Ultimate Rewards, you get 25% more value for money. You may also redeem your points in the form of cash, gift cards and travel, as well as to pay for purchases.
Using this card when overseas is perfect because it comes with no international transaction fees. Extensive travel coverage provides just the protection you need when traveling.
Pros
Stand to earn 60,000 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 60,000 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.

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.

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.

Chase Sapphire Preferred® Card Overview

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 60,000 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

Quick Take

Get 60,000 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

Important Card Details

Regular APR
This card has no introductory APR offer, so you will have to work with a variable APR of 20.49% – 27.49%, 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.

Additional Benefits

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

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.

How the 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:

How the Chase Sapphire Preferred® Card Compares

Chase Sapphire Preferred® Card

Annual Fee: $95
APR : 20.49% – 27.49% variable
Welcome Bonus Points: 60,000 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 : 20.24% – 28.24% variable
Welcome Bonus Points: 75,000 bonus miles by spending $4,000 in the first three months
Best for: Casual and frequent travelers

Frequently Asked Questions

*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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MoneyGeek’s Take

Chase Sapphire Preferred® Card Review

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