Chase Sapphire Preferred Card

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Card / NotesBonus / Annual Fee
Chase Sapphire Preferred Card
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Earning rate: 2X Travel and Dining

Noteworthy Perks: Primary auto rental collision damage waiver

See also: Transferable points programs
55K: 50K after $4K spend in 3 months + 5K for adding authorized user

Annual fee waived first year, then $95

Note: This card is known to be subject to Chase's 5/24 rule.

Recent better offer: 65K: 60K after $4K spend in 3 months + 5K for adding authorized user

FM Mini Review: Great signup bonus. This may be the single best "starter card" for those eager to get into miles & points.


Chase Sapphire Preferred

Prior to the release of the Chase Sapphire Reserve card, the Sapphire Preferred card was one of my favorite travel cards.  The card offers 2 points per dollar for all travel & dining purchases, no foreign transaction fees, and primary rental car coverage for only $95 per year.

For an effective rate of only $55 more, you can get the Sapphire Reserve card instead.  The Sapphire Reserve card offers 3 points per dollar for travel & dining, better redemption value, lounge access, and more.  The only real advantage of the Sapphire Preferred is the lower annual fee and the fact that authorized user cards are free (the Sapphire Reserve charges $75 for each authorized user).

With the Sapphire Preferred Card, Ultimate Rewards points can be redeemed as follows:

  • Cash or merchandise (1 cent per point value)
  • Purchase Travel through the Chase Ultimate Rewards travel site (1.25 cents per point value)
  • Purchase Travel after moving points to the Chase Sapphire Reserve card (1.5 cents per point value)
  • Transferred to a variety of airline and hotel programs (per point value varies from very low to extremely high when points are used this way)

Related Cards

All of the following cards earn Ultimate Rewards points.  Those marked with an asterisk are premium cards that allow points to be transferred to select airline and hotel loyalty programs. The others are advertised as cash back cards, but they really earn Ultimate Rewards points.  You can move those points to loyalty programs indirectly by moving them first to a premium card and then to an airline or hotel program:

* Premium card. Points can be transferred to select airline and hotel loyalty programs.

Related Posts

Note: Many more excellent credit card offers, along with application tips for each bank, can be found on our Best Credit Card Offers Page.

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16 Comments on "Chase Sapphire Preferred Card"

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[…] Points can be transferred from premium Chase Ultimate Rewards cards including Sapphire Reserve, Sapphire Preferred, and Ink Business Preferred.  If you have points in a no-fee card, you can move those points first […]


[…] Ultimate Rewards points per dollar for all spend. Pair with a premium card (e.g. Sapphire Reserve, Sapphire Preferred, Ink Business Preferred, etc.) to transfer points to several airline or hotel […]


[…] I could have gotten a maximum of $2,000 in value out of my 160,000 Ultimate Rewards points as a Chase Sapphire Preferred holder — redeeming at 1.25 cents per point). By instead transferring my points to United and […]


[…] a couple of terrific referral offers for those who refer friends to the Chase Freedom card or the Chase Sapphire Preferred. Both offers may be targeted, but it is worth checking to see if you have them […]


[…] Chase Sapphire Preferred: 55K points. 50K after $4K spend + 5K for adding an authorized user […]


[…] Chase Sapphire Preferred: 50K after $4K spend in 3 months + 5K for adding authorized user […]


[…] no longer sign up for a second Sapphire card.  Previously it was possible to sign up for both the Sapphire Preferred and Sapphire Reserve cards in order to get both signup […]


[…] partner, or another in your household has a premium Chase Ultimate Rewards card (Sapphire Reserve, Sapphire Preferred, Ink Business Preferred), you can move your points to that account and then get better value from […]


[…] for travel.  Popular cards that do this include Chase Sapphire Reserve (1.5 cents per point), Sapphire Preferred and Ink Business Preferred (1.25 cents per point), Citi Premier (1.25 cents per point), and US […]


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[…] Ultimate Rewards if you were targeted for the promotion. The email shown above was received by a Chase Sapphire Preferred holder, but reddit also has reports of Chase Freedom and Chase Freedom Unlimited holders receiving […]


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[…] joint business owner (e.g. from your Freedom to your Sapphire Reserve or from your partner’s Sapphire Preferred to your Ink Business Preferred, etc). We have received a report from a trusted source that Chase is […]


[…] Ultimate Rewards portal or send them to Chase transfer partners via any of the premium Chase cards (Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred) makes it an incredible deal in my […]