At 40,000 bonus points, the Chase Sapphire Preferred® Card offers one of the best sign-up bonuses. However, in order to get the bonus you have to spend $4,000 in the first three months of card ownership, which can add up to $500 towards travel rewards and more. If you know there are some big purchases coming up in the near future, making those purchases with your new Chase Sapphire Preferred® Card can be a quick way to secure some major points.


At the end of each year, Chase Sapphire Preferred® customers will receive a 7% Annual Points Dividend on all new points earn on purchases, even on points already redeemed. Unlike many rewards credit cards that require you to meet certain spending criteria in order to be eligible for a bonus, all Chase Sapphire Preferred® cardholders are eligible for this nice bonus.


Chase has partnered with numerous popular travel rewards programs that allow 1:1 point transfer, meaning 1,000 Ultimate Rewards points equal 1,000 partner miles or points. Some of the participating rewards programs include United MileagePlus, Southwest Airlines Rapid Rewards, British Airways Executive Club, the Ritz-Carlton Rewards, Marriott Rewards, and several others. Having the ability to transfer your points to these partner rewards programs make your points far more valuable.


Some competitor credit cards have limited options when it comes to redeeming points. The points you earn with the Chase Sapphire Preferred® Card can be redeemed for things like hotels, airline tickets, car rentals, gift cards, merchandise, and several other options. You can even redeem them for charitable causes. Having this much flexibility with your rewards makes accumulating points that much more desirable. On top of that, you can get 20% off airfare, hotels, car rentals, and cruises when you redeem through Ultimate Rewards.


The Chase Sapphire Preferred® Card allows you to earn bonus points in multiple ways. For every dollar spent, cardholders can receive two points on travel, two points on dining, and one point on all other purchases. Providing multiple ways to earn bonus points makes it easy for your rewards to quickly accumulate.


If you travel internationally on a regular basis, or if you have a big vacation on the horizon, you want to ensure the credit card you are using will not charge you foreign transaction fees. Similar rewards credit cards charge as much as 3% per foreign currency transaction. The Chase Sapphire Preferred® Card does not charge foreign currency transaction fees, allowing you to travel without worrying about unanticipated fees.


Additional benefits available for cardholders can vary fairly significantly between rewards credit cards. Chase Sapphire Preferred® cardholders have access to some of the most comprehensive benefits available in the industry. Some of these benefits include purchase security, price protection, travel insurance, fraud liability, emergency support, and several others.



The Chase Sapphire Preferred® Card has a $0 introductory fee the first year, then a $95 annual fee. There are multiple rewards credit cards without annual fees, and it might be worthwhile to acquire one of these cards if you don't plan on using your credit card on a regular basis. However, with all the benefits and bonuses accompanying the Chase Sapphire Preferred® Card, any regular usage will more than likely cover the annual fee.


As mentioned, Chase Sapphire Preferred® allows you to transfer your points to a large number of partner organizations. When making these transactions, it's important to be aware that all point transfers are final. This is not necessarily a deal-breaking feature, just something to be mindful of when utilizing the partner program.


Rates and Fees
Annual Fee $95 ($0 first year)
Cash Advance Fee $10 or 5% per cash advance
Cash Advance Rate (APR) 19.24%
Foreign Currency Transaction Fee None
Introductory Rate (APR) None
Standard Rate (APR) 15.99%
Penalty Fees
Default Penalty Rate (APR) 29.99%
Late Payment Fee Up to $35
Minimum Interest Charge None
Over-Limit Fee None
Returned Payment Fee Up to $35
Balance Transfers
Introductory Balance Transfer Rate (APR) None
Standard Balance Transfer Fee $5 or 3% per transfer
Standard Balance Transfer Rate (APR) 15.99%
Additional Rewards for Dining 2 points per $1
Additional Rewards for Gas None
Additional Rewards for Groceries None
Additional Rewards for Shopping None
Additional Rewards for Travel 2 points per $1
Bonus Points Offered 7% annual point dividend on all new points earned on purchases
Rewards Earnings for All Purchases 1 point per $1
Sign-Up Bonus 40,000 points after spending $4,000 within first 3 months
Type of Reward Points


  • Offers Companion Reward The airline credit card offers a companion airfare reward.

  • Additional 2:1 Rewards Categories The credit card offers 2:1 rewards or more for at least one additional purchase category - like dining, travel, gas, groceries, shopping, or other.

  • Bonus Points Offered The credit card offers bonus points you can earn throughout the year.

  • No Blackout Dates There are no blackout travel dates for your points, miles, or cash back rewards.

  • No Expiration Your rewards points, miles, or cash back rewards will never expire.

  • Sign-Up Bonus The credit card offers a sign-up bonus reward.

  • Unlimited Rewards You can accumulate an unlimited amount of points, miles, or cash back rewards with your credit card.

  • 2:1 Rewards or More The credit card offers 2 Points, 2% Cash Back, or 2 Miles or more for every dollar spent.

  • Early Boarding You receive priority boarding benefits as an owner of the credit card.

  • First Bag Free Your first checked bag is free.

  • In-Flight Spending Bonus You receive a discount or additional bonus points on all in-flight expenditures.

  • 24/7 Live Service You can speak with a live representative at any time of day about your credit card.

  • Emergency Support The credit card offers emergency support.

  • Exclusive Events You have access to exclusive events with the credit card.

  • Fraud Liability The credit card offers fraud liability protection.

  • Partner Point Transfer You can exchange your points for equal value with participating partners of the credit card, like hotels or airlines.

  • Price Protection You will be reimbursed the difference of any purchase made within a certain time period if you find a lower advertised price.

  • Purchase Security You will receive a refund for any item that a retailer doesn't accept as a return within a certain time period.

  • Book in Someone Else's Name You can use your airline rewards to book a trip in someone else's name.

  • Redeem for Airline Travel Rewards can be redeemed for airline travel.

  • Redeem for Car Rental Rewards can be redeemed for car rental.

  • Redeem for Cash Back Rewards can be redeemed as cash back or statement credit.

  • Redeem for Gift Cards Rewards can be redeemed for gift cards.

  • Redeem for Hotel Rewards can be redeemed for hotel stays.

  • Redeem for Merchandise Rewards can be redeemed for merchandise.

  • Redeem for Other Rewards can be redeemed for other categories, such as magazine subscriptions or charity donations.

  • Redeem Online You can redeem your points, miles, or cash back rewards online.

  • Redeem on Other Airlines Rewards can be redeemed for airline travel on other airlines.

  • Apply By Phone You can complete the credit card application process via phone.

  • Apply In Person You can apply for the credit card live in person.

  • Apply Online You can complete the entire credit card application process online.

  • Instant Approval You can get instant approval for the credit card.

  • Transfer from Credit Cards You can transfer a balance from another credit card.

  • Introductory Balance Transfer Rate (APR) The credit card offers an introductory balance transfer rate (APR).

  • No Introductory Balance Transfer Fee The credit card doesn't charge a percentage fee on the new balance transferred to the card.

  • Transfer from Loans You can transfer a balance from a loan to the credit card.

  • Car Rental Insurance The credit card offers car rental insurance.

  • Extended Warranty The credit card offers an extended warranty on purchases.

  • Flight Insurance The credit card offers flight insurance.

  • Lost Luggage Insurance The credit card offers lost luggage insurance.

  • Roadside Assistance The credit card offers roadside assistance.

  • Travel Insurance The credit card offers travel insurance.

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