Chase Sapphire Preferred Card

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Chase Sapphire Preferred Card
50K points
50K after $4K spend in the first 3 months
Click Here

No Annual Fee First Year, Then $95

Alternate offer: Some people have been targeted for a 65K offer. See this post for more details.

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


Card Type: Visa Signature

Earning rate: 2X Travel and Dining

Noteworthy perks: Primary auto rental collision damage waiver

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

See also: Transferable points programs

Overview

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.

Rewards

Chase Ultimate Rewards points are super valuable and super flexible. At the most basic level, points can be redeemed for cash or merchandise, but you'll only get one cent per point value that way. A better option is to use points for travel. When points are used to book travel through the Ultimate Rewards portal, points are worth 1.25 cents each with premium cards (Sapphire Preferred or Ink Business Preferred, for example) or 1.5 cents each with the ultra-premium Sapphire Reserve card. Another great option is to transfer points from a premium or ultra-premium card to an airline or hotel program when high value awards are available (see this post for details). If your points are tied to a no-fee "cash back" Ultimate Rewards card, then first move those points to a premium or ultra-premium card before redeeming them in order to get better value.

Application Tips


Chase Application Tips


  • Shut-Down Caution: Signing up for new Chase cards can lead to Chase reviewing your accounts. This may lead to Chase shutting down all of your accounts if you appear to be a credit risk. See this post for details and recommendations: Why Chase shutdowns have increased and how to avoid them.

  • 5/24 Rule: With most Chase cards, you won't get approved if your credit report shows 5 or more cards opened in the past 24 months. Details here.

  • 24/48 Month Rule: With most Chase cards, you can get the same card and bonus again 24 months after having received the bonus as long as you no longer have the card open. With Sapphire cards, you must wait 48 months. No wait is required for Chase Ink cards.

  • 30 Day Rule: It is tough to get approved for more than 2 Chase cards within 30 days

  • Get Same Card Again: You can get the same exact card and again if you first cancel the older card and follow the 24/48 month rule. Ink cards are OK to get again without cancelling previous card if you apply with a new business.

  • Better Offers: You may be able to get a better offer than the best available public offer. Details here.

  • Hard inquiries combine into 1 when approved same day (not always true when mixing business and personal)


Call (888) 338-2586 to check your application status
If denied, call reconsideration here:1-888-270-2127 for both personal and business cards;
or 800-527-7415 for the Ritz card

Related Cards (Ultimate Rewards)

Chase Ink Business Preferred Card
80K points
80K after $5K spend in 3 months

$95 Annual Fee

Recent better offer: This is the best public offer we've seen. A 100K offer is sometimes available in-branch through a Business Relationship Manager.

Chase Ink Business Unlimited
50K points
50K after $3K spend in 3 months

$0 Annual Fee

Chase Ink Business Cash Credit Card
50K points
50K after $3K spend in 3 months

$0 Annual Fee

Recent better offer: None. This is the best we've seen.

Chase Sapphire Preferred Card
50K points
50K after $4K spend in the first 3 months

No Annual Fee First Year, Then $95

Alternate offer: Some people have been targeted for a 65K offer. See this post for more details.

Chase Sapphire Reserve Card
50K points
50K after $4K spend in 3 months

$450 Annual Fee

Recent better offer: 100K after $4K spend in 3 months, last seen 3/11/2017 in-branch

Chase Freedom Unlimited
Up to 17.5K points
17.5K: 15K after $500 spend in 3 months + 2.5K for adding authorized user

$0 Annual Fee

Chase Freedom®
Up to 17.5K points
17.5K: 15K after $500 spend in 3 months + 2.5K for adding authorized user

$0 Annual Fee

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