The Chase Sapphire Preferred Card is consistently ranked as one of our top credit cards due to its generous sign-up bonus for new cardholders, its reasonable annual fee, and the amazing value of the points it earns.

But, is the Chase Sapphire Preferred worth it? When would a different card make more sense?

Chase Sapphire Preferred Card

60,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Learn more

We’ll get into all of that below.

chase sapphire preferred

In This Article

What Benefits Do You Get With the Chase Sapphire Preferred?

Earn 2x Ultimate Rewards Points on Restaurant and Travel Purchases

For many frequent travelers, restaurant and travel purchases represent a major chunk of their monthly spending, so the fact that the Sapphire Preferred offers 2x Ultimate Rewards Points for every dollar spent in these categories is a major win. And you’ll earn bonus points in these categories anywhere in the world that Visa is accepted – there are no country restrictions.

In addition, Chase has a broad definition of what qualifies as travel spending: “airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.”

Chase Sapphire Preferred Card

60,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Learn more

Transfer Points to Airline and Hotel Loyalty Programs

One of the reasons Chase Ultimate Rewards points are so valuable is the ability to transfer points at a 1:1 ratio to your choice of ten airline partners and three hotel programs. Partners include:

Airline Partners Hotel Partners
United Mileage Plus World of Hyatt
Southwest Rapid Rewards InterContinental Hotel
Virgin Atlantic Flying Club Marriott Bonvoy
Air France/KLM Flying Blue  
British Airways Executive Club  
Iberia Plus  
Aer Lingus  
JetBlue TrueBlue  
Emirates Skywards  
Singapore Airlines Krisflyer  

With this variety of options, you have lots of opportunities to maximize the value of the points you earn with this card.

Redeem Points Through the Chase Travel Portal for 1.25 Cents Each

While all Ultimate Rewards earning credit cards allow you to redeem points for airfare, hotels, rental cars, cruises, and activities through the Chase Travel Portal, not all cards are created equal.

With the Sapphire Preferred, your points are worth 1.25 cents each – 25% more than a no-annual-fee card like the Chase Freedom. This offers a flexible and valuable option for redeeming points, especially since airline tickets purchased this way will also earn miles with airline frequent flier programs as if you paid with cash.

Chase Sapphire - Rental Car Center, Silvercar Warehouse
Car Rental

Primary Rental Car Insurance of Chase Sapphire Preferred

If you rent a car and pay with your Sapphire Preferred card, you can decline the collision damage insurance offered by the rental car company – Chase will provide that coverage automatically, anywhere in the world, and you won’t have to file a claim with your personal auto insurance.

Chase Sapphire Preferred - travel insurance trip cancel or delay and baggage insurance
When you make travel purchases with the Sapphire Preferred, you’ll automatically get coverage for trip interruptions or cancellations, and reimbursement for expenses related to trip delays or delayed baggage.

Purchase and Travel Protection Benefits of Chase Sapphire Preferred

One of the most valuable aspects of the Chase Sapphire Preferred is the variety of purchase and travel protection benefits you receive just by using your card. When you make travel purchases with the Sapphire Preferred, you’ll automatically get coverage for trip interruptions or cancellations, and reimbursement for expenses related to trip delays or delayed baggage.

And for other purchases, you’ll benefit from purchase protection (up to $500 in coverage against theft or damage for 120 days from purchase) and up to an extra year of extended warranty coverage (up to $10,000 per claim). Using any of these benefits just once would likely more than makeup for the card’s modest annual fee.

Complimentary One-Year DoorDash DashPass Membership

Save money on food delivery with a complimentary one-year DashPass membership, which offers reduced service fees and waived delivery fees on orders of $12 or more. This benefit must be activated by December 31, 2021.

Chase Sapphire Preferred Credit Card - DoorDash Kitchens
Save money on food delivery with a complimentary one-year DashPass membership, which offers reduced service fees and waived delivery fees on orders of $12 or more.

Chase Sapphire Has No Foreign Transaction Fees

While this is a standard perk of credit cards with an annual fee, it’s a particularly important benefit for frequent travelers, since foreign transaction fees (around 3% in most cases) can add up quickly if you use a card that charges them.

What Other Cards Should You Consider in the Same Price Range?

Like most Chase credit cards, the Chase Sapphire Preferred is subject to the Chase 5/24 rule. That means if you have opened five or more new credit cards in the past 24 months, you will automatically be declined if you apply for this card.

If this sounds like you, here are some other options to consider.

Earn 2x Ultimate Rewards Points on Restaurant and Travel Purchases
Earn 2x Ultimate Rewards Points on Restaurant and Travel Purchases

Citi Premier Card

If you’re willing to get a bit creative with your airline redemptions, the Citi Premier Card ($95 annual fee) is a worthy competitor to the Sapphire Preferred. You’ll earn 3x Citi ThankYou points on travel and 2x on restaurants and entertainment. However, starting August 23, 2020, this will be 3x on air travel, hotels, restaurants, gas stations, and groceries.

Citi Premier Card

60,000 points after $4k spend in 3 months

Learn more by visiting our
credit cards page.

These points can be transferred to 16 different airline partners including Virgin Atlantic Flying Club, Air France-KLM Flying Blue, Avianca Lifemiles, and Turkish Airlines Miles&Smiles. While these programs may not be familiar to US-based travelers, many of them offer compelling sweet spots for both domestic and international travel with a variety of airline partners.

You can also redeem points through the Citi Travel Center for 1 cent each. The major downside of this card is that Citi doesn’t offer any travel protections, so it’s not an ideal card for purchasing plane tickets.

Airline-Specific Cards

If your travel patterns have you consistently flying the same airline, you might also consider a co-branded airline card like the United Explorer Card, AAdvantage Aviator Red World Elite Mastercard, Gold Delta SkyMiles Card, Southwest Rapid Rewards Premier Credit Card, Alaska Airlines Visa Credit Card, or JetBlue Plus Card.

United Explorer Card

60,000 bonus miles after $3,000 spend in 3 months

Learn more

Delta SkyMiles Gold American Express Card

35,000 SkyMiles after $1,000 spend in the first 3 months

Learn more

Southwest Rapid Rewards® Premier Credit Card

40,000 bonus points after $1,000 spend in the first 3 months

Learn more

Each of these cards have a similar annual fee to the Sapphire Preferred, and while they typically earn you fewer miles per dollar spent in various categories, you’ll get perks when flying that airline like free checked baggage, priority boarding, and inflight discounts.

For maximum flexibility, many frequent travelers find it useful to have both a card that earns transferable points like the Sapphire Preferred as well as one or more airline-specific cards.

When Would It Make Sense to Pay for a More Expensive Card?

For frequent travelers interested in the Chase Ultimate Rewards program, the Chase Sapphire Reserve may be a better option. Although it has a hefty $550 annual fee, it’s loaded with perks that help offset that price, including the following:

  • $300 annual travel credit (applied automatically to all travel purchases),
  • complimentary access to Priority Pass airport lounges and restaurants,
  • $60 DoorDash credit (in both 2020 and 2021),
  • One-year Lyft Pink membership (including 15% off all Lyft rides),
  • $100 Global Entry credit or $80 TSA PreCheck credit
  • enhanced travel protections.

Chase Sapphire Reserve

50,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Learn more

You’ll also earn 3x Ultimate Rewards points on dining and travel, and your points are worth 1.5 cents each when redeeming for travel through the Chase travel portal.

TSA precheck fast lane line before security at Reagan National Airport$100 Global Entry credit or $80 TSA PreCheck credit from Chase Sapphire Reserve

Also worth considering is the American Express Gold Card. With an annual fee of $250, you’ll get the following:

  • $100 annual credit for airline incidental fees (like checked bags and seat assignments)
  • $10 monthly credit ($120/year) for select restaurants and food delivery services.
  • 4x Membership Rewards points on restaurants worldwide,
  • 4x Membership Rewards points on U.S. grocery store purchases (up to $25,000 per year)
  • 3x Membership Rewards points on air travel

Amex points can be transferred to over 20 different airline and hotel partners including Aeroplan, Delta, and British Airways.

American Express Gold Card

10xT Thoughts: A great card for category spenders who want more rewards for their spend! Currently offering 35,000 points after you spend $4,000 in the first 3 months.

Learn more

When Does a No-Annual-Fee Credit Card Make More Sense?

If you’re not ready to pay an annual fee, the Citi Double Cash Card is a great option. You’ll earn an effective 2% cashback on all purchases (1% when you make purchases and another 1% when you pay on time).

If you’d rather earn points, you can convert your cashback to Citi ThankYou Points at a rate of 1 cent per point if you also have the Citi Premier Card or Citi Prestige Card.

Citi Premier Card

60,000 points after $4k spend in 3 months

Learn more by visiting our
credit cards page.

Also worth consideration is the Amex EveryDay Credit Card. You’ll earn 2x Membership Reward points at grocery stores (up to $6,000 per year) and 1x point everywhere else, plus 20% bonus points when you make 20 transactions with the card during your statement period.

The Amex EveryDay Card

10,000 Membership Rewards Points after $1,000 spend in the first 3 months

Learn more by visiting our
credit cards page.
Parking
Chase includes toll bridges and highways, parking lots and garages which qualifies as travel spending. 

Bottom Line

The Chase Sapphire Preferred is one of the best entry-level flexible rewards credit cards on the market today. If you usually travel with a specific airline, it could make sense to get that airline’s co-branded card instead of or in addition to the Sapphire Preferred.

Similarly, if you’re a very frequent traveler, it could make sense to get a more premium card like the Chase Sapphire Reserve. Either way, you’ll be glad to know you’re using one of the best travel rewards cards out there which will make your shopping and dining that much more enjoyable!

Chase Sapphire Preferred Card

New to the world of points and miles? The Chase Sapphire Preferred is the best card to start with. With a bonus of 60,000 points after $4,000 spend in the first 3 months and 2x points on dining and travel, this card truly cannot be beat! 

Learn more

10xTravel is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.

Editors Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.


2 Responses to “Is the Chase Sapphire Preferred Worth It?”


Mohsen Parhizkar

Thank you for your great articles!
I see a lot of posts from 10xTravel regarding the Chase Preferred Card but you do know that we can’t use the link in your article to sign up? I have been trying to sign up for some time. When I just tried it again I still get a message: “This card is not available on CreditCards.com right now.”
How are we supposed to sign up using your link?
I’d like the credit to go to 10xTravel of course.

Bryce Conway

Really appreciate you asking! If you visit 10xTravel.com/best-credit-cards and simply click the link on the Chase Sapphire Preferred you will be redirected to our partner page (Bankrate) and we will receive a commission. Thanks and good luck!


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published.