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Chase Sapphire Preferred Review 2024

Chase Sapphire Preferred Review

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Updated January 8, 2024


The card_name is a popular travel rewards credit card, offering a slew of benefits on everyday spending as well as protections whenever you leave home. With a low annual fee (especially compared to its big brother, the Chase Sapphire Reserve) and many points redemption options, this card is a great pick for everyday consumers and jetsetters alike.

Here’s a look at what the card_name card offers, what you can expect to earn on your spending, and how to redeem your Ultimate Rewards points in the most lucrative way.

TIME's Take

The card_name is a great card for frequent or occasional travelers looking for a robust rewards platform and reasonable annual fee. Redemption rates are often highest when transferring to Chase partner programs (select airlines and hotels) or booking travel through the Ultimate Rewards platform, though cash back, gift cards, and online shopping options are also available. Other cards may offer higher rewards earnings in common categories like gas and groceries.

Who is the card for?

The card_name is a popular rewards card for creditworthy borrowers looking to maximize points earned while also minimizing their out- of- pocket annual expenses. Currently, new cardholders will benefit from the following bonus: bonus_miles_full

While Chase doesn’t publish a minimum credit score requirement for this card, applicants will likely need good to excellent credit in order to qualify. In terms of FICO, this means having a score of at least 670-739, if not higher.

There is no 0% APR promotional offer on the card_name right now. This means that if you’re looking for a card to make no-interest purchases or allow for 0% APR balance transfers, this won’t be the right card. However, if the bulk of your spending comes from travel, dining, grocery purchases, or even streaming services, you can earn between 2x and 5x points per dollar spent. (All other purchases earn 1x per dollar.)

This card offers many different options for points redemption, too, so it’s great for cardholders who want flexibility. If you travel or stay with any of the partner airlines or hotels, this can be a good way to take advantage of loyalty programs and redeem points directly for even more value.

Rewards Structure

Rewards, in the form of Ultimate Rewards points, can be earned many different ways with the card_name. You’ll earn between 1x and 5x points per dollar on your everyday spending, based on the categories of each purchase. You can also earn additional points by going through the Shop by Chase portal and making purchases at participating retailers.

CategoryRewards rateAnnual rewards limit
Travel booked through the Chase Ultimate Rewards portal
On all other travel
At restaurants
Online grocery purchases (excludes Target, Walmart, and wholesale)
Select streaming services
On general purchases

Cardholders are awarded a 10% points bonus each year based on their overall spending. So, if you spend $30,000 on the card in a given year, you’ll get 3,000 bonus points on your account anniversary.

Your options for using those points are just as flexible. You can choose to:

  • Redeem for travel booked directly through the Chase Ultimate Rewards portal. When redeeming points this way, you’ll get 25% more value toward your travel.
  • Redeem as a statement credit for previous card purchases. Redemption rates start at $0.01 and may be higher depending on the purchase categories.
  • Make dining reservations, or pay for meals through Chase Dining at a number of restaurants, bars, and wineries across the country. Points are valued at $0.01 per when redeemed this way.
  • Shop for gift cards through select retailers and restaurants, at a rate of $0.01 per point.
  • Get cash back in the form of a direct deposit, which can be sent to the U.S. checking or savings account of your choosing. This redemption is offered at $0.01 per point.
  • Pay With Points when you check out on Amazon or through Paypal, by connecting your Chase Sapphire Preferred card. Points may be redeemed for less than $0.01 when you use this option.
  • Transfer your points to a partner airline or hotel. These points can then be redeemed for airfare, hotel stays, or other eligible expenses. Points are usually redeemed for a 1:1 value, but promotional bonuses are common and may earn you additional points upon transfer.

When it comes to transferring your points to partner airlines or hotels, you’re limited to select brands. With the Chase Sapphire Preferred card, this includes:

  • 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
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Additional Hidden Perks

There are a few other benefits worth noting on the card_name.

Annual Hotel Credit

You’ll earn a credit for up to $50 each year on hotel stays booked through the Chase Ultimate Rewards travel portal.

Travel Coverage

If you pay for a trip with your card_name, you’re protected against any number of hiccups along the way. This card offers coverage against things like flight cancellations, trip delays, lost or delayed luggage, primary rental car protection, and travel emergency assistance.

Purchase Protection

Purchases made with this card are covered against eligible damage or loss for up to 120 days after purchase, for up to $500 in coverage per claim and $50,000 per account. Any manufacturer’s warranties are automatically extended by up to a year, as well, when you pay for the item with this card.

Complimentary DashPass

Get a free DashPass membership through DoorDash and Caviar when you connect your eligible Chase Sapphire card. This membership gives you $0 delivery fees and reduced service charges when ordering meals.

What Could Be Improved

Perhaps the biggest downside to the card_name is the lack of an introductory APR offer. Many cards offer a temporary 0% APR on new purchases, balance transfers, or both. These offers allow you to make big purchases or pay off existing debt without incurring new finance charges for a period of time.

Without an introductory APR offer, your balance will need to be paid in full by your statement due date if you want to avoid paying interest.


Chase Sapphire Reserve®
(learn more)

Credit score needed
Regular APR
Annual fees
Welcome offer

TIME Stamp:A a good choice for travel protection and rewards

The card_name is a good choice for frequent or occasional travelers who want top-notch travel protection, a robust rewards program, and flexible options for redeeming accrued points. Applicants will need to have good credit to qualify and begin enjoying everything that this low-annual fee rewards credit card has to offer.

Frequently asked questions (FAQs)

What is the credit limit on the card_name?

Chase does not publish the maximum credit limit allowed on the card_name. The minimum credit limit is $5,000, while many qualified cardholders self-report credit limits well into the tens of thousands.

What counts as travel for card_name?

When earning points through the card_name, you’ll get 5x points on all travel booked through the Ultimate Rewards portal and 2x points on all other travel purchases. You can also redeem your earned points toward new travel bookings through Chase. While the actual vendors and purchases in this category may vary, it typically includes purchases like airfare, hotel stays, rental cars, cruise reservations, bus fares, Airbnb stays, train fares, parking garage fees, toll booth fares, rideshare fares, and select activities.

How do you redeem card_name points?

Ultimate Rewards points earned with a card_name can be redeemed for cash (in the form of a statement credit), travel booked through the Ultimate Rewards portal, gift cards to select retailers, or you can transfer points to airline or hotel partners. You can also choose to pay for Amazon and Paypal purchases with your points by enabling the Pay With Points feature.

How much is a card_name point worth?

The value of a card_name point (known as an Ultimate Rewards point) varies depending on the redemption method. When redeemed for cash as a statement credit, gift cards to select retailers, or for Chase Dining options, points are valued at $0.01. When used to book travel through the Ultimate Rewards portal, points are worth $0.0125.

Other redemption options, such as Pay Yourself Back or points transfers to travel partners, have the potential to make each point worth more.

What are the main differences between card_name vs card_name?

There are some notable differences between the card_name and card_name. One of the biggest is the annual fee, which is just annual_fees per year with the CSP and annual_fees per year with the CSR. The card_name also offers more points on travel purchases than the Preferred, and also gives you a 50% higher redemption rate when you use points to book travel through the Ultimate Rewards portal (compared to the Preferred card’s 25% bonus).

card_name gives cardmembers a $300 annual travel credit and a complimentary Priority Pass Select membership. The card_name does not offer either benefit.

Can you get Priority Pass with card_name?

A complimentary Priority Pass Select membership is not included with the card_name. This benefit is limited to card_name cardholders (and is also offered by other select travel credit cards).

Is the card_name hard to get?

As with most of the best credit cards, you’ll likely need a good or even excellent credit score to qualify for the card_name. You’ll likely need to show evidence of steady income, as well, in addition to having a reasonable debt-to-income ratio (DTI).

The information presented here is created independently from the TIME editorial staff. To learn more, see our About page.