The Credit Ledger

Card review

Chase Sapphire Preferred Card review

Chase · Visa

4.2 / 5 How we rate

Best mid-tier travel card with transferable points

Annual fee $95
Welcome bonus 75,000 to 100,000 bonus points after $5,000 spend in 3 months (elevated offer is limited-time)
Rewards rate Up to 5x points
Intro APR (purchases) None
Intro APR (balance transfers) None
Regular APR 19.24% to 27.49% variable
Foreign transaction fee None
Recommended credit Good to Excellent (690-850)

Rewards

  • 5x points Chase Travel purchases
  • 3x points Dining worldwide, including takeout and eligible delivery
  • 3x points Gas, EV charging, and select vacation rentals
  • 3x points Online grocery and select streaming services
  • 2x points All other travel worldwide
  • 1x points All other purchases

Key perks

  • $100 Chase Travel hotel credit each account anniversary year
  • Up to $120 Global Entry, TSA PreCheck, or NEXUS credit every four years
  • Transfer points 1:1 to most airline and hotel partners (World of Hyatt moved to a reduced 4:3 ratio in June 2026)
  • Complimentary DashPass membership (DoorDash)
  • No foreign transaction fees
  • Trip cancellation and interruption insurance, primary rental car coverage

Pros

  • Strong sign-up bonus relative to a low $95 annual fee
  • Points are transferable 1:1 to valuable airline and hotel partners
  • Broad bonus categories beyond just travel
  • $100 annual hotel credit can offset most of the annual fee
  • No foreign transaction fees

Cons

  • Has an annual fee, unlike entry-level no-fee travel cards
  • No intro 0% APR on purchases or balance transfers
  • Best point value requires transferring to partners
  • Hotel credit is restricted to bookings through Chase Travel
  • June 2026 refresh removed the 10% anniversary points bonus and cut the Hyatt transfer ratio to 4:3

The bottom line

Chase Sapphire Preferred Card scores 4.2 out of 5 in our rubric. Best mid-tier travel card with transferable points. Current welcome offer: 75,000 to 100,000 bonus points after $5,000 spend in 3 months (elevated offer is limited-time).

Rates and offers verified 2026-07. Terms change often, so confirm the current details on the issuer's site before you apply.

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