Generous sign-up bonus
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.Tip: This is one of the most valuable sign-up bonuses currently available. You can redeem points through the Chase Travel℠ portal for a good value, but you can stretch points farther by transferring them to Chase’s travel partners. We estimate that you can get around $1,200 in award travel by strategically transferring your points. Chase points don’t expire, so this is also a great way to save up for a larger travel purchase.
See all of the top sign-up bonus credit cards.
Rewards on everyday purchases
You’ll enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
25% increase in point value when you redeem through Chase TravelSM
When you redeem your points for travel through Chase TravelSM, you’ll get 25% more value from those rewards. So instead of being worth 1 cent each, points will be worth 1.25 cents each.
Additionally, the Chase Sapphire Preferred® Card comes with Pay Yourself BackSM, which makes points worth 25% more when you redeem them for statement credits on existing purchases in select categories that rotate throughout the year.
1-to-1 point transfer to airline partners
You can transfer points at a rate of 1-to-1 to 11 airline partners and three hotel partners. Points are usually worth around 2 cents each when transferred to Chase TravelSM partners, the highest value available for Chase Ultimate Rewards® points.
To transfer Chase points, you’ll log in to your account, select your Chase Sapphire Preferred® Card and click “Redeem Rewards.” You’ll be able to choose your transfer airline or hotel partner and how many points you want to transfer. You can only transfer points in increments of 1,000.
You can get the most value by transferring your points to the right airline or hotel partners. But, actual redemption value will vary depending on the partner airline, hotel brand, destination and what time of year you’re booking. Here’s an example of how much you could earn with 1,000 Ultimate Rewards points:
$50 annual hotel credit
Earn up to $50 in statement credits each account anniversary for hotel stays booked through Chase TravelSM. The credit will automatically apply to your account. Additionally, the first $50 in Chase TravelSM hotel purchases won’t earn rewards points.
10% anniversary boost
Each account anniversary, you’ll earn bonus points equal to 10% of your total purchases made in the previous year.
How much is this benefit worth?
The value of this benefit varies based on your spending. For example, if you spend $20,000 in purchases in a year, you’ll receive a bonus of 2,000 points, worth around $40 by our estimates.
$0 foreign transaction fees
The Chase Sapphire Preferred® Card comes with $0 in foreign transaction fees — meaning, you won’t be charged additional fees if you use the card to make purchases outside of the U.S.
“I loved being able to use my Chase Sapphire Preferred® Card on my recent trip to Canada because of its $0 foreign transaction fee. I didn’t have to worry about any issues with the card being declined while away.”
– Roslyn Ayers, SEO manager at LendingTree
Travel protections
Trip cancellation/interruption insurance: If sickness, weather or other covered incidents cause your trip to be canceled or interrupted. Prepaid, nonrefundable expenses, including passenger fares, tours and hotels, are covered.
Trip delay reimbursement: Receive meal and lodging reimbursement for you and your family if your common carrier travel has a delay of more than 12 hours or an overnight stay.
Baggage delay insurance: For baggage delays of over six hours, you can be reimbursed for essential purchases, such as toiletries and clothing.
Lost luggage reimbursement: If you or an immediate family member checks or carries on luggage that is damaged or lost by the carrier.
Auto rental collision damage waiver: In the event of theft or collision damage for most rental cars in the U.S. and abroad when you use your card to book your vehicle.
“One of my favorite perks of the Chase Sapphire Preferred® Card is its rental car insurance. This perk alone helps the card pay for itself. I’ve used it for several trips. Rental car companies’ insurance can cost $30 a day, which adds up for long and frequent trips.”
– Kristen Grau, credit cards writer at LendingTree
Roadside dispatch: A pay-per-use roadside assistance program that provides services like a tow, jumpstart, tire change, lockout service, winching, gas delivery and more.
Travel and emergency assistance: If a problem arises while you’re away from home, call on the Benefit Administrator for assistance with medical or legal help. Note, you will be responsible for any costs associated with this service.
Travel accident insurance: Covers accidental death or dismemberment when you use your card to pay for air, bus, train or cruise transportation.
To compare the travel protections offered with the Chase Sapphire Preferred® Card, we looked at Allianz trip insurance, an option provided by popular airlines like American Airlines and Delta.
For a roundtrip for two from New York, plans begin at $36 for Domestic Awards Trip Protector and $56 for International Award Trip Protection. Annual plans range from $200 for the annual basic package and $498 for the annual deluxe package.
As you can see from the table below, the protections you’ll get with the Chase Sapphire Preferred® Card are well worth the annual fee. You won’t receive emergency medical and dental coverage or emergency evacuation and transportation (the higher-annual-fee Chase Sapphire Reserve® card has these benefits). But, other benefits are on par with or better than the paid insurance plans.
| Chase Sapphire Preferred® Card Benefits | Allianz Domestic Awards Trip Protector | Allianz International Award Trip Protection | Allianz Annual Deluxe | |
|---|---|---|---|---|
| Trip cancellation | Up to $10,000 per person and $20,000 per trip | Up to $200 | Up to $300 | Up to $2,000 |
| Trip interruption | Up to $10,000 per person and $20,000 per trip | Up to $500 | Up to $1,500 | Up to $2,000 |
| Travel delay | Up to $500 per ticket limit | Up to $500 with a $150 daily limit | Up to $500 with a $150 daily limit | Up to $500 with a $150 daily limit |
| Baggage delay | Up to $100 for five days | Up to $200 | Up to $200 | Up to $200 |
| Emergency medical/dental coverage | N/A | Up to $10,000 for medical and up to $500 for dental | Up to $25,000 for medical and up to $500 for dental | Up to $20,000 for medical and up to $500 for dental |
| Emergency medical transportation | N/A | Up to $10,000 | Up to $50,000 | Up to $100,000 |
| Rental car damage protection | Primary coverage up to the actual cash value of the vehicle | Primary coverage up to $500 trip interruption and up to $40,000 collision/loss damage is available for an additional $45 | Primary coverage up to $500 trip interruption and up to $40,000 collision/loss damage is available for an additional $45 | Primary coverage up to $25,000 collision/loss damage. 24-hour hotline assistance is included |
| Total cost | $95 annual fee for the card | $36 per flight | $56 per flight | $498 annually |
Let’s say you’ve arrived at your destination and your bags didn’t make it there with you. You can follow these steps to file a claim for lost luggage reimbursement:
Purchase protections
Damage and theft protection: New purchases are covered for 120 days against theft or damage.
Extended warranty protection: Eligible warranties of three years or less get an extra year of coverage added to the U.S. manufacturer’s warranty.
Account security protections
Zero Liability Protection: You’re not responsible for unauthorized charges on your account. Contact Chase to report any charges that you didn’t make or authorize.
Fraud protection and alerts: Chase accounts are monitored in real-time to better protect you from fraud. Get a text, an email or a call if there’s any unusual activity on your account.
The Chase Sapphire Reserve® Card is a good alternative to the Chase Sapphire Preferred® Card if you’re looking for more elevated benefits and are willing to pay a much higher $550 annual fee. The sign-up bonus is similar to the Chase Sapphire Preferred® Card. You’ll get a higher $300 travel credit that applies to any travel purchases. You’ll also get travel perks like Priority Pass airport lounge access and a credit for Global Entry/TSA PreCheck.
Compare the Chase Sapphire Preferred® Card vs. the Chase Sapphire Reserve® Card.
See all of our top picks for travel credit cards.
Savvy Traveler Tip: Chase offers a number of cards that are part of the Ultimate Rewards Program. You can pool together all of your Chase Ultimate Rewards® points before transferring to travel partners. To maximize rewards, it might be a good idea to have multiple Chase cards in your wallet.
See all Chase credit cards.
If you decide to combine the Chase Sapphire Preferred® Card with another Chase card note that the Chase 5/24 rule will apply. This is an unwritten rule that prevents you from being approved for a new Chase card if you’ve opened five or more accounts with any bank in the last 24 months.
Learn more about the Chase 5/24 rule.
No, you won’t get free checked bags with the Chase Sapphire Preferred® Card. You’ll typically find this benefit with co-branded airline cards like the United℠ Explorer Card, offered by Chase. You will get other benefits like bag baggage delay insurance and lost luggage reimbursement with the Chase Sapphire Preferred® Card.
Unfortunately, the Chase Sapphire Preferred® Card does not offer complimentary airport lounge access. But the Chase Sapphire Reserve® Card offers airport lounge access to 1,300+ airport lounges worldwide for you and up to two guests.
The Chase Sapphire Preferred® Card does not include credit for Global Entry or TSA PreCheck, but the Chase Sapphire Reserve® Card has this benefit.
Chase Sapphire Preferred® Card points don’t expire as long as your account remains open. That said, if your account status changes or your account is closed, you will immediately lose all of your points.
The information related to the Wells Fargo Active Cash® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
Apply Now 
