Chase Sapphire Preferred® Card Review

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Our Detailed Review of This Card

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The Chase Sapphire Preferred® Card is a credit card beloved by the travel community as one of the best travel credit cards available, especially if you’re just starting out.

With a generous rewards structure, you’ll earn an unlimited 2X points on travel and dining and 1 point per $1 on all other purchases. Most importantly, this card boasts flexible redemption and your points are worth 25% more when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. This valuable perk makes your already sizable intro bonus of 60,000 bonus points after spending $4,000 on purchases in the first 3 months, worth $750 (when redeemed for travel through Chase Ultimate Rewards) or $600 when redeemed for cash back.

Better still, this card features free 1:1 point transfer options with a number of popular airline and hotel rewards programs and a host of other travel benefits. This is a card you’ll want to add to your wallet!

To get extra value and flexibility out of your points with this card make use of the free 1:1 point transfer to other popular travel rewards programs, including United, Southwest, Hyatt and Marriott. This feature offers you the option to move your earned points to participating travel programs. You don’t even have to transfer all of your points to one program. For example, say you have 10,000 points saved up. You could move all 10,000 points to a single program, move 2,500 to one program and 7,500 to another, or anywhere in between (though the minimum redemption is 1,000 points) — all for free.

For extra peace of mind, know that your earned points have no blackout dates or travel restrictions, making it much easier to plan a vacation, and the Chase Sapphire Preferred® Card includes travel accident insurance and lost luggage reimbursement. Also, this card charges no foreign transaction fees, another travel essential. Those fees frequently range from 3% to 5% on every purchase made outside the U.S., so avoiding them during international travel is a must.

While the Chase Sapphire Preferred® Card does charge a $95 annual fee, its 2X points on travel and dining, 60,000-point bonus, and flexible point redemption choices (free 1:1 transfer to other programs) likely make it worthwhile for those who love to travel.

Rewards

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.
  • Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.

Redeem Rewards

  • Points can be redeemed for travel, merchandise, entertainment, dining, or cash.
  • Transfer points at a 1:1 value to participating frequent travel programs.
  • No travel restrictions or blackout dates.
  • When you redeem for cash or a statement credit, your points are worth $.01 (one cent), which means 100 points equals $1 in redemption value.
  • When you redeem for travel, each point is worth $.0125 (one and a quarter cents), which means 100 points equals $1.25 in redemption value.

Fees and APR

  • Annual Fee: $95.
  • Foreign Transaction Fees: $0.
  • Purchase APR: 17.74% - 24.74% Variable .
  • Balance Transfer APR: 17.74% - 24.74% Variable.
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
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