Chase Sapphire Preferred review: One of the best rewards cards for beginners, with a sign-up bonus worth up to $1,000

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Chase Sapphire Preferred® Card

Chase Chase Sapphire Preferred® CardChase Chase Sapphire Preferred® Card

Annual Fee
Regular APR
Credit Score
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • 4.8 out of 5 Stars
    Editor's Rating

    Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value.Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria – relative to other products we've reviewed.A tooltipOur editor's ratings are primarily based on 3 things: simplicity, affordability, and value.Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria – relative to other products we've reviewed.Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.

    Annual Fee

    $95

    Regular APR

    15.99%-22.99% Variable

    Credit Score

    Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.A tooltipRecommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.Good to ExcellentA five pointed star

  • A five pointed star
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • 4.8 out of 5 Stars
    Editor's Rating

    Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value.Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria – relative to other products we've reviewed.A tooltipOur editor's ratings are primarily based on 3 things: simplicity, affordability, and value.Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria – relative to other products we've reviewed.

    Featured Reward

    80,000 points after you spend $4,000 on purchases in the first three months.A tooltip80,000 points after you spend $4,000 on purchases in the first three months.80,000 pointsChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Details
  • Pros & Cons
    • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
    • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
    • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
    • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
    • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
    Pros
    • High sign-up bonus starts you off with lots of points
    • Strong travel coverage
    Cons
    • Doesn't offer a Global Entry/TSA PreCheck application fee credit or any other statement credit benefits

    Chase Sapphire Preferred costs and fees

    It is easy to see how you can get $100 or more in value from this card every year, but it isn't free. The Chase Sapphire Preferred® Card charges a $95 annual fee.

    The Chase Sapphire Preferred charges a variable rate interest. The card currently charges 15.99%-22.99% Variable APR based on your credit history and market rates. Rates can change at any time.

    Balance transfers have the same interest rates as purchases plus a 5% fee ($5 minimum) per occurrence. Cash advances charge a higher 24.99% APR plus 5% ($10 minimum) per occurrence. Late and returned payments cost up to $39 each.

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