Chase
Sapphire Preferred
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Card review
Sapphire Preferred
Chase
Last updated September 21, 2026· Rates, fees, and credits from WalletFlo's OneCard catalog (refreshed hourly). Verify current terms on the issuer site.
Annual fee
$95
Welcome bonus
60,000 pts welcome offer
Est. net value
$767/yr
Credit score
Good
Top earn rate
10% travel
Overview
How this card fits in your wallet — fees, value, and who it's built for.
The Sapphire Preferred from Chase carries a $95 annual fee. On WalletFlo's typical spend profile, the OneCard engine estimates $811.80 in rewards plus $50.00 in credits and perks — $766.80 net per year before welcome bonuses.
How the points work
5X on travel booked through the Chase Travel Portal
5X on Lyft until March 2025
3X on Dining, Steaming, and Online Grocery
2X on all other Travel
1X on all other purchases
Earning rates
Category bonuses from our catalog — verify current offers on the issuer site.
| Category | Rate |
|---|---|
| TravelFlights | 10% |
| DiningDining | 6% |
| EntertainmentStreaming | 6% |
| TravelTravel | 4% |
| TravelHotels | 2% |
| GroceriesGroceries | 2% |
| GasGas & Transit | 2% |
| Everything elseShopping | 2% |
| Everything elseOther | 2% |
Welcome offer
60,000 points
- Spend $4,000 in 90 days
- Est. value: $1,260 (WalletFlo catalog)
Credits & benefits
Statement credits and perks we model in net-value calculations.
Credits
- Hotel Credit$50/yr
$50 annual hotel credit via Chase Travel
Benefits & perks
- Auto Rental Coverage
Primary auto rental collision damage coverage up to $60,000.
- Trip Cancellation Insurance
Up to $10,000/trip reimbursement for cancelled or interrupted trips.
Transfer partners
Where this card's points can go, and at what ratio. 13 partners.
- Air Canada Aeroplan1:1
- Air France KLM Flying Blue1:1
- British Airways Avios1:1
- Emirates Skywards1:1
- Iberia Plus1:1
- JetBlue TrueBlue1:1
- Singapore KrisFlyer1:1
- Southwest Rapid Rewards1:1
- United MileagePlus1:1
- Virgin Atlantic Flying Club1:1
- World of Hyatt1:1
- IHG One Rewards1:1
- Marriott Bonvoy1:1
Work out what a transfer is worth in the transfer calculator.
Is the annual fee worth it?
Quick breakeven from stated credits and perks — open the full tool to dig deeper.
Credits & perks vs fee
- Annual fee
- −$95
- Stated credits
- +$50
- Perks (est.)
- +$0
- Net after credits & perks
- -$45
Verdict
Fee exceeds stated credits & perks
You'll need enough rewards on your spend to cover the gap — model that below.
WalletFlo calculator tools
Micro-tools for this card — each opens a dedicated calculator with your context pre-filled where possible.
Reward Calculator
Estimate annual rewards and net value on your spend.
Side by Side Compare
Compare against another card with the same spend profile.
Is the Annual Fee Worth it?
See if credits and perks offset the annual fee.
Points & Miles → $ Converter
Convert points and miles to estimated cash value.
Awards vs Cash Calculator
Compare redeeming points for travel vs cash back.
Transfer Partner Calculator
Explore transfer partner conversions across programs.
Reward calculator
Model this card on your spend — adjust categories and compare with others.
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Frequently asked questions
- What credit score do I need?
- We flag 700+ as a typical starting point — issuer approval depends on your full profile.
- Is the annual fee worth it?
- See the annual fee analysis above, or open the full calculator to model credits and perks against $95 per year.