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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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Chase Sapphire Preferred Frequently Asked Questions

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

The Chase Sapphire Preferred® Card is one of Chase’s flagship rewards credit cards, earning Ultimate Rewards® points that can be transferred to several leading airline and hotel programs like United, Southwest, Hyatt, and Marriott.

As the Chase Sapphire Preferred® Card increases in popularity we are getting more questions on how it works. Below are some answers to frequently asked questions about the Chase Sapphire Preferred® Card.

Disclosures |
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
on Chase's secure site
N/A
15.99% - 22.99% Variable
$95
5X points on travel purchased through Chase Ultimate Rewards®, 3X points on
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Earning points

What kind of points do I earn?

You earn Ultimate Rewards points. This is Chase’s own point program, and the points can be used for travel, gift cards, merchandise, and statement credit. You can also transfer them outside to your mileage and point accounts with several airline and hotel programs. These include United Airlines, Southwest Airlines, British Airways, Hyatt, Marriott, and IHG Rewards Club.

What counts as dining and travel expenses?

Dining spend includes fast food restaurants, casual dining restaurants, and fine dining. Basically any place out of the home that prepares and serves you food as long as the merchant classifies it as such. Travel spend includes airfare, hotel, vehicle rental, taxi, trains (even commuter), tolls, parking (even parking meters), time shares, buses, and travel agencies.

Does gas count as a travel purchase?

Unfortunately gas is not considered a travel category purchase, and does not earn 2x points.

Will I earn points for the spending needed to get the introductory bonus?

Yes. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Are there limits to the number of points you can earn?

No. Even in the bonus 2x point dining and travel categories, there is no limit to the number of points you can earn with the Chase Sapphire Preferred® Card.

Can I have another Chase card that earns miles like the United℠ Explorer Card?

Yes. Just apply for the Chase Sapphire Preferred® Card on its own. Even though the Chase Sapphire Preferred® Card points can be turned into United miles, that won’t stop you from being eligible for the signup bonus.

The catch is you must be approved for the card based on your credit history and other factors. But once you are approved, having one of those other cards won’t prevent you from earning the Chase Sapphire Preferred® Card bonus.

How long does it take for points to post?

Your points post with the closing date of your Chase Sapphire Preferred® Card statement. Bonus points for shopping from the Chase Ultimate Rewards® shopping portal may post earlier or later depending on the retailer.

Managing points

Do the points expire?

No, as long as you keep a Chase account open with an Ultimate Rewards feature (such as the Chase Sapphire Preferred® Card or the Chase Freedom Flex℠) your points won’t expire. If you decide to cancel your Chase Sapphire Preferred® Card, be sure to combine your points with the card you plan on keeping before you cancel so all your points stay alive.

Disclosures |
Chase Freedom Flex℠
Chase Freedom Flex℠
on Chase's secure site
0% Intro APR on Purchases for 15 months
14.99% - 23.74% Variable
$0
Earn 5% cash back on eligible purchases in rotating categories, 5% on
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Can I ‘undo’ a transfer of points into miles?

No. Once you transfer points out of your Chase Sapphire Preferred® Card‘s Ultimate Rewards points account into an external airline mile or hotel point program you can’t undo the transaction. So make sure you really want the points in a particular account before you initiate the transfer.

If I transfer the points to an outside program, and then cancel the card will I still keep the points?

Yes, once you transfer the points to an external airline mile or hotel point program they are independent of the card, and yours to use as you wish with or without holding the Chase Sapphire Preferred® Card. However any points you keep in your Chase Ultimate Rewards account may be forfeited unless you keep another Chase card that uses Ultimate Rewards.

Can I transfer points to anyone?

No, with transfer partners you can only transfer points to yourself or the account of someone in your household who is an authorized user of your card account. You can also combine points within Ultimate Rewards with anyone who lives in your household who has an Ultimate Rewards account.

I already have a credit card with Ultimate Rewards like the Chase Freedom Flex℠. What will happen to those points?

You can combine your existing Ultimate Rewards points with those from your Chase Sapphire Preferred® Card online, anytime. Just log into UltimateRewards.com and choose ‘Manage Ultimate Rewards,’ then the ‘Combine Points’ option. You can also send or receive points from friends and family at no charge.

Using points

What airlines can I use for travel with points?

There are two ways to use your points for travel with the Chase Sapphire Preferred® Card.

The first is to transfer them directly to the programs of participating airlines. Chase’s airline transfer partners include:

  • Aer Lingus AerClub
  • Air Canada Aeroplan
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue Air France KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

Once there, you can redeem miles using the rules of each airline’s program (that also means you can use the miles on any of the airline’s partners).

The second way to redeem for travel is to book online at UltimateRewards.com With this method, there are no restrictions or rules on valid award travel and you can book any major airline you would normally find on Expedia.com (basically any except Southwest and some of the international low-cost carriers like RyanAir).

You simply search for flights at UltimateRewards.com in the same way you would at Orbitz, Expedia, or Travelocity. You will see the same prices you would if buying a ticket with cash. Then, you can pay for all or part of the cost with points. Each point you have is worth 1.25 cents toward travel. Put another way, every 10,000 points is worth $125 toward travel.

Will I earn miles for flights I book with points?

If you transfer your Chase Sapphire Preferred® Card points to a separate airline mile program, you will not earn miles for the flight flown, as that is considered a ‘reward’ ticket by the airlines.

However, if you book your flight directly from UltimateRewards.com and use points for all or part of it, you *will* earn miles according to the fare class of your ticket. That’s because when you book at UltimateRewards.com, Chase is actually buying a regular ticket from the airline as if it were a travel agency. That means to the airline it looks like you bought your ticket with cash, and thus you will earn miles according to the rules of the airline’s frequent flyer program.

What is mile transfer, and how long does it take?

Mile transfer lets you select points in 1,000 point increments and transfer them into accounts you already have with participating airline mile and hotel point programs. That way you can build on existing balances, or take advantage of better redemption opportunities in each program. Mile transfer is instant and free with the Chase Sapphire Preferred® Card.

Can I use the points for cash back?

Yes, you can use them for statement credit on individual purchases made in the last 60 days. The minimum amount that can be redeemed is $20 or 2000 points. Credits may take up to 2-3 business days to process and post to your account. Credit will appear on your monthly Chase statement within 1-2 statement cycles. Credits cannot be canceled or returned once you place your order. Reward credits are not applied towards your minimum payment due to your billing statement.

Can I use the points on Delta Air Lines?

You can’t transfer the points into Delta Air Lines SkyMiles® accounts — they have an exclusive relationship with American Express. However, if you wish there are a few ways to use Chase Sapphire Preferred® Card points for Delta flights. One is to transfer the points into Virgin Atlantic, which is a Delta partner, and lets you use the miles for Delta flights.

The final way is to use the points as cash toward the purchase of a Delta ticket. You can search for flights at UltimateRewards.com on any airline except Southwest and some low-cost carriers. Every 100 points you have is worth $1.25 toward the cost of a ticket.

Other

What kind of credit will I need to get approved?

Factors always vary, but we suggest making sure you have Excellent credit to qualify for this card. If you apply and it says it will take several days for a decision, it’s possible you will be declined.

How long does it take to receive the card?

There are no set timetables for when you receive the card after you are approved, but generally expect 1 – 2 weeks for the card to arrive in the mail. You might be able to call and request that your card be expedited after you’re approved.

What is the annual fee and will I have to pay it?

The annual fee is $95.

Is there a business version of the Chase Sapphire Preferred® Card?

No, but the Ink Business Preferred℠ Credit Card has the same Ultimate Rewards travel benefits, including 1:1 mile transfer to the same programs. However, the earning categories are different: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

Disclosures |
Ink Business Preferred℠ Credit Card
Ink Business Preferred℠ Credit Card
on Chase's secure site
N/A
15.99%-20.99% Variable
$95
Earn 3 points per $1 on the first $150,000 spent in combined
  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account
  • $95 Annual Fee
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.