Chase Sapphire Preferred® Card Review [2019]

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While plenty of new rewards cards have hit the market in recent years, the Chase Sapphire Preferred® Card remains our go-to credit card when asked for recommendations.

The card features a monster signup bonus, low annual fee, and rewarding travel and dining bonus categories. Plus, you gain access to the best travel protection benefits of any card at its price-point.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Annual Fee$95
Welcome Bonus Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
Our #1 recommended beginners rewards card featuring a 60,000 point signup bonus after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 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, 60,000 points are worth $750 toward travel
  • 2X points on travel and dining at restaurants worldwide
  • 1X point per dollar spent on all other purchases

Sapphire Preferred highlights include:

  • Massive 60,000 signup bonus worth a minimum $750 towards travel
  • Earn 2X Ultimate Rewards points on travel and dining purchases
  • Primary rental car cover for rentals worldwide
  • Trip delay cover of up to $300 for delays of 12+ hours
  • Trip cancellation and interruption insurance of up to $10,000 per covered trip
  • Baggage delay and lost luggage protection
  • Create a killer Ultimate Rewards combo of cards by combining points from multiple cards

Here’s the link to apply for the 60,000 point offer on the Chase Sapphire Preferred® Card, or read on for our full review and find out why so many points and miles fans have this card in their wallet.

Signup Bonus and Earning Potential

As a new Sapphire Preferred cardmember, you’ll earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening, an improvement of 10,000 points over the previous 50,000 point offer. The annual fee is no longer waived for the first year. But, even if you value Ultimate Rewards points at a very conservative 1.5¢ per point, the additional 10,000 points (worth ~$150) more than accounts for the loss of the waived annual fee.

The Sapphire Preferred earns 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. These aren’t the highest earning rates in the travel and dining categories. But Ultimate Rewards are a valuable points currency you can transfer to 13 different airline and hotel partners. Chase also offers a broad definition of the travel and dining categories, so you can earn bonus points on purchases that may not be included by other card issuers.

This is how Chase defines a travel purchase:

“Merchants in the travel category include 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.”

And dining is defined as:

“…merchants whose primary business is sit-down or eat-in dining, including fast-food restaurants as well as fine dining establishments.”

Redeeming Ultimate Rewards Points

You have several options when it comes to redeeming Ultimate Rewards points earned with the Sapphire Preferred. But, we recommend redeeming your points towards travel if you want to maximize your return on spending. Rather than list all the redemption options, we’ll focus on the two options that return the best value for your points. Redeeming points for a fixed-value via the Chase Travel Portal, or transferring points to airline and hotel partners.

You can redeem Ultimate Rewards points earned with your Sapphire Preferred for a fixed-value of 1.25¢ per point towards travel via the Chase Travel Portal. This includes purchasing flights, booking hotel stays, car rentals, and cruises, plus redeeming points for a variety of activities and tours. Redeeming points for a fixed-value through the travel portal works best when booking economy airfare, flights when there is no saver-level award space, booking low-cost carriers for super-discounted travel, or when you are chasing elite status. Flights booked through the travel portal code as revenue flights and earn both redeemable miles and elite status credits.

By far, the most valuable use of Ultimate Rewards points is transferring them to airline and hotel partners. Particularly when booking premium-cabin airline awards or luxury hotel redemptions. While you can redeem Ultimate Rewards points for a fixed-value of 1.25¢ through the travel portal, you can achieve an exponentially higher value when you transfer to travel partners.

Chase Ultimate Rewards Travel Transfer Partners

Partner ProgramTime for Points to Transfer
Aer Lingus AerClub (Avios)Instantly
Air France/KLM Flying BlueInstantly
British Airways Executive Club (Avios)Instantly
Emirates SkywardsInstantly
Iberia Plus (Avios)Instantly
JetBlue TrueBlueInstantly
Singapore Airlines KrisFlyer1 Day
Southwest Rapid RewardsInstantly
United MileagePlusInstantly
Virgin Atlantic Flying ClubInstantly
World of HyattInstantly
IHG Rewards Club1 Day
Marriott Rewards2 Days

For example, you could transfer your Ultimate Rewards points to the World of Hyatt hotel rewards program at a 1:1 ratio for a stay at the Park Hyatt Sydney. This is a bucket list property for many points and miles fans. But, at an average base room rate of $855 per night, it’s hard to justify the expense of staying at such an aspirational property when paying cash.

Redeem World of Hyatt Points Park Hyatt Sydney

If you redeem 30,000 Hyatt points transferred from your Ultimate Rewards account, you get a return of ~2.9¢ per point for your UR points. Booking the same property through the Chase Travel Portal at 1.25¢ per point would set you back 68,400 points, highlighting the value of transferring points to travel partners.

Another high-yielding use of Ultimate Rewards points is transferring them to airline partners for premium cabin award redemptions. Redeeming airline miles for long-haul business- and first-class experiences yields the highest return from your Ultimate Rewards points, typically providing returns of around 4-5¢ per point, all the way up to ~13¢ per point for top-tier redemptions.

Redeeming MileagePlus miles for ANA first-class yields a staggering value of 12.7¢ per point
Redeeming MileagePlus miles for ANA first-class yields a staggering value of 12.7¢ per point

Want more information on Chase travel partners? Check out our comprehensive guide to Ultimate Rewards transfer partners for a detailed breakdown of each partner.

Travel and Purchase Protection Benefits

The Sapphire Preferred ranks #1 on our list of best cards for travel protection, featuring the perfect mix of travel insurance policies, purchase protection benefits, and an annual fee that's not going to break the bank. We’ve summarised the most valuable perks in the table below, but recommend you check out the Sapphire Preferred Benefits Guide for a detailed breakdown of Sapphire Preferred benefits.

Sapphire Preferred BenefitsSummary
Auto Rental Collision Damage WaiverDecline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad.
Purchase ProtectionCovers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Extended Warranty ProtectionExtends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Trip Cancellation and Trip InterruptionTrip Cancellation insurance reimburses you or your Immediate Family Members for up to ten thousand ($10,000.00) dollars per person for each Covered Trip (up to $20k/trip & $40k/year) if a Covered Loss prevents you or your Immediate Family Members from traveling on or before the departure date and results in cancellation of the travel arrangements.
Lost LuggageIf you or your immediate family members' checked or carry-on bags are damaged or lost by the carrier, you're covered up to $3,000 per passenger.
Trip Delay ReimbursementIf your common carrier travel is delayed more than 12 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
Baggage DelayReimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.
Travel Accident InsuranceWhen you pay for your air, bus, train or cruise transportation with your card, you are eligible to receive accidental death or dismemberment coverage of up to $500,000.
Travel and Emergency Assistance ServicesIf you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance. (You will be responsible for the cost of any goods or services obtained.)

Should you get the Sapphire Preferred or Sapphire Reserve?

One of the most common questions we field for the Sapphire cards is whether folks should get the Sapphire Preferred, or, its ultra-premium stablemate, the Chase Sapphire Reserve®. The reality is, there is no one right answer.

Are you just starting on your points and miles journey? We recommend commencing with the Sapphire Preferred while you find your feet. The Sapphire Preferred features a higher signup bonus, lower annual fee, and many of the same travel protection benefits as its more expensive sibling. Plus, there is no charge to add authorized user accounts to your card. While you can’t apply for the Sapphire Reserve if you already hold the Sapphire Preferred, you can upgrade at a later date if you think you can maximize all the benefits on offer.

If you are a seasoned award traveler or travel enough that you’ll take full advantage of all the benefits and travel credits offered on the Sapphire Reserve, you may be better off acquiring that card instead. But, we highly recommend doing the math on the Sapphire cards before you apply, as you may wind up paying more annual fees than necessary.

Partner with Other Ultimate Rewards Earning Cards

While the Sapphire Preferred is a great standalone rewards card, you can supercharge your points earning by pairing it up with other Ultimate Rewards earning cards like the Chase Freedom® and the Chase Freedom Unlimited®.

You can combine points earned across the entire range of Chase Ultimate Rewards cards, including the three Ink business cards. Each card features different bonus categories, allowing you to create a killer Ultimate Rewards combo of cards and build a massive balance of rewards points without increasing your monthly spend.

In addition to the Sapphire Preferred, you can earn Ultimate Rewards points with the following cards:

You can’t transfer Ultimate Rewards earned from the two Freedom cards, or either of the no-annual-fee Ink cards to travel partners unless you also hold a Sapphire Preferred, Sapphire Reserve, or Ink Preferred.

Application Restrictions

We recommend applying for Chase cards early in your application strategy as Chase cards feature some of the harshest application restrictions of any card issuer.

The first is the 5/24 policy, which affects all Chase cards. If you’ve been approved for 5 or more credit cards (from any card issuer) in the previous 24 months, you won’t get approved for a new Chase credit card.

In addition to the 5/24 policy, the Sapphire family of cards is subject to supplementary rules restricting applicants to one signup bonus/new Sapphire card every 48 months.

“This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.”

Our Take

The 60,000 point signup bonus on the Sapphire Preferred is a fantastic starting point, but there is so much more to this card. The 25% bonus on travel booked through the Ultimate Rewards portal, as well as the flexibility of their many top travel partners, make these points extremely valuable and highly regarded by award travel fans. The Sapphire Preferred also features some of the best travel protection benefits of any card in its class, plus you’ll pay no foreign transaction fees when making purchases overseas.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Annual Fee$95
Welcome Bonus Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
Our #1 recommended beginners rewards card featuring a 60,000 point signup bonus after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 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, 60,000 points are worth $750 toward travel
  • 2X points on travel and dining at restaurants worldwide
  • 1X point per dollar spent on all other purchases
Chase Sapphire Preferred® Card Review [2019]
4.5 (90.71%) 28 votes
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  • I’m waiting to bite the bullet on either the CSP or CSR in case a better signon bonus comes.

    • This 60k offer for the CSP ties the highest ever public offer. (Years ago I got 60k for the CSP, but the AF was $125 instead of $95.) At any rate, who knows if we’ll see 60k in future, so if it was me, I’d jump on this one.

    • It occurs to me I should have also mentioned the CSR. It’s no secret that we’ve seen 100k on that before, but obviously also no guarantee we’ll see anything like that again. (The wife and I were both able to the 100k for the CSR during it’s initial offering; definitely don’t regret that!)

  • Appreciate the info. Hope the bonus is still there when I’m past the 5/24 rule.

  • If I already have the Chase Sapphire Reserve, I’m ineligible to receive this sign-up bonus, correct?

  • Waiting to go down below 5/24 to get this card with the 60K sign up bonus.
    Hopefully the bonus won’t change this year.

    • It’s a better signup bonus than normal for sure however you won’t be missing that much if you don’t get it.

  • Thanks for the information! Great stuff!

  • If you applied earlier during the year for the 50k promo, it is possible to get a match to the current 60k promo. I sent a secure message to Chase
    yesterday telling them I applied for the 50k promo in January of this year and if it was possible for them to match to the new 60k promo. They said I was eligible for the match and that I would see an additional 10,000 points in 1-2 statements. When I logged back into my account, the 10,000 points were already added to my account.

  • Agree it’s a good card, but I like my CSR and the 100K points I got with it. I like the better benefits.

    • Do you find the value is offset by the $75/person fee for additional cardholders? I have four additional cards so that would be $300 for me so I use CSP instead.

      • Just add the card to Google/Samsung/Ape/Chase Pay. Your name doesn’t even show up so retailers will never know it’s not your card. Granted this means no Priority Pass for that person but there are so many cards that offer it you could get a complementary card with minimal overlapping benefits. I have CSR and I got my wife the Aspire so we each have our own Priority Pass.

  • Alas, I already have a sapphire product so I won’t get the bonus.

  • Any idea how long this Card Offer is valid for? I have the CFU 3x UR promotion valid until 4/22 and I wanted to maximize that card until then and then sign up for this card.

    • Hey Mike, as far as we know, there isn’t an end date that has been announced. This also isn’t being listed as a “limited time offer” which is a good sign that this one may be around for a while. No way to be sure, but indications seem good.

  • The implementation of the 48 month wait has killed these deals for a lot of folks

    • That’s the point though. Banks are losing money on churners and are therefore doing things to discourage the behavior like AmEx’s once per lifetime rule.

  • I love this card!

  • Great offer, hard to say no to resist!

  • Thanks for this updated review. I need to get back on the Chase credit card bandwagon.

  • This is the #1 card I recommend to friends looking for the best starter card. Even better with the current promo

    • CSR was my first card. It really depends on your personal travel habits. If you travel a lot or through airports with lounges, it’s a no-brainer to get the CSR. It’s $55 more than the CSP, has better benefits, comes with Priority Pass, and a Global Entry credit.

  • May do this for the wife, since she doesn’t hold the CSR.

  • Great card, I wish her sign up bonus was a little mor generous but that aside I like the look of the benefits.

  • I’m beginning to think the CSP may make more sense for me rather than the CSR. Has a post been done here that compares the two? If not, I’d love to see y’all’s take on both cards and any reasons someone might want to go with the CSP instead.

  • Bill from Maine says:

    I have had the CSP for more years than I can remember. The card sits in my wallet but gets little use during the course of a month. The reason? With so many great offers out there from other card companies, why bother waiting to get by Chase’s 5/24 rule only to collect 60K UR points?
    Since December last year I have been approved by both Barclays and Citi for a total of 125K AA miles, 75K Bonvoy points with the new AA card(no language email offer ), 64K Choice Hotel points, again from Barclay’s and upgraded my Hilton HH card to the Aspire card for another 150K HH points. I also did the no bonus point, annual fee waived AMEX Ameriprise Platinum card (no longer available) and scored $200.00 worth of AA gift cards in December and again in January plus Delta lounge access for a year.
    AMEX also sent me a Delta Gold card offer back in November without the once per lifetime language and I received the miles for that offer too. Meanwhile, Chase plays it’s 5/24 rule and gets shut out from my $15-20K spending a month.
    However, if you are new to the hobby you should definitely be looking at the vast selection of Chase cards. Get the points and miles from Chase first and than start applications with the other companies. The ultimate goal from credit card signup bonus’s is achieving travel experiences at little or no cost. Chase does not have a monopoly in this endeavor.

  • Has anyone with 5+/24 gotten pre-approved at the branch and then approved for either CSP or CSR recently?

  • I think this is my wife’s next card

  • This was the card that started the points and miles game for me. Although I have graduated to the Reserve, I agree that this card is the best first step into this hobby. Nice to see an increased bonus — an extra 10 000 points are always useful.

    • Same here. I have always been a cashback person and then got the CSR and it’s been a game changer. I’m still not too advanced yet but I’m gathering knowledge weekly.

  • This is one of the best cards for sure. I love all the possibilities of transfer partners.

  • This card has been around for many years, and suddenly I’m seeing several blogs pushing this card, even though 50,000 mile bonus signups haven’t been uncommon. I know that this is a higher signup bonus, but this card hasn’t been really pushed for a really long time. Has Chase increased referral bonuses as well?

    • Hey Lee, thanks for the feedback. Timing applications when a bonus is at a relative high can be a powerful strategy, especially for those that don’t want to open a lot of cards. A lot of the extra attention is because this card has been at 50k for so long, and we didn’t really expect a better bonus. Often when the bonus goes up, the commissions go down.

    • I just read that referral bonuses are now at 15,000 points.

  • Nice info and card but my partner doesn’t like them due to banking scandal.

  • Benjamin Tan says:

    I have the CSR and like the card. Maybe I should spring for a Preferred now with its sign up bonus?

  • Great news!!

  • I love this card, just got it before the higher promo rate thou…guh

  • I love these blog posts. You always learn something new. I did not know Ultimate Rewards Points can be transferred to JetBlue. this has made my day – And my pocket book! Thanks!

  • Looks like its time to sign up.

  • I’ve recently seeing a lot of push again on miles and points blogs about “reviewing” the CSP and i’m not sure why its being pushed so much. Sure its a solid card and WAS a pioneer at one time, but that’s not the case anymore. The ink business preferred itself seems to be an equivalent card for the same price point and same issuer.

  • I’ve been waiting for the best Chase offer. I guess this is it?

  • This is the best starting travel credit card to get!

  • Keith Gardener says:

    Still maybe the overall best card of all time!!

  • I’m debating if it’s worth cancelling my CSR for the new SUB.

    • How long have you had your CSR? You have to wait four years from receipt of your last Sapphire signup bonus to receive another Sapphire bonus.

  • I was waiting for this higher bonus offer!

  • The Chase Sapphire cards have primary insurance for rental cars which is where the real value is. I’ve used this benefit when my car lost it’s side view mirror in Costa Rica.

  • Chase is one of the best travel cards by far

    • Agreed. The Amex platinum and gold card are limited to US locations so their use abroad is severely limited which puts a damper on it being a good travel card. CSR and to a much lesser extent the CSP are great travel cards.

  • This card used to be my go-to card, but with my spending pattern and the recent changes to the Citi Prestige, that has now become my most used card. I hate to give up the UR point earning, but I am getting some elsewhere.

  • Love that they will expedite the card after applying. Chase is great at getting the card to you within 3 business days, and sometimes sooner. Their 3rd party cards, takes a phone call, and a couple more days. But still better than most.

  • I love this card! I build my points with it and the Freedom and Freedom Unlimited. It has helped with some trips for my dad traveling. It will be helping to surprise my hubby with a trip to Sydney. Also, a trip for me and my kids later. There are those National Parks to see and needs to see things in other countries.
    Using all the cards my points grow quicker, of course, making sure I max out each category they offer more points for.

  • I have been waiting to get this card, but we are about to get a new mortgage and with the 60K current sign up and then the additional 75K they are offering for financing a new loan I think it is finally time. We are waiting to hear that we have locked and then I will click through your link. Hope it works out 🙂

  • I’ve had the card for a couple years. The priority pass comes in handy all the time and for what really amounts to a $150 annual fee, it really is a great card.

  • Jihoon Kim says:

    What was the best sing-up bonus of this card?

    • I think the max has been 60K for offers available to the general public. Anyone remember a better offer on the Sapphire Preferred?

      • I’ve heard people mention 80k but that may have been something like the CSR’s 100k launch. I don’t know how old the CSP is though.

  • Do you expect a higher bonus than 60k in the future?

  • Has anyone used the points for apple purchases from chase? I am not sure if the redemption rate changed.

    • That’s the absolute worst redemption you can do (tied with Amazm). If you’re not going to transfer or use through the travel portal, if you redeem them as cash, you can at least buy an Apple item and get credit card points with the purchase rather than nothing when using points.

  • Thanks so much for keeping us informed on these deals!!!

  • Great Review and Excellent Card!!!

  • I’ve been debating getting this card for a long time. Thanks for the updates and explanation of the rewards!

  • Tom Jacob says:

    Does anyone know how long will this last ? I am under 5/24 only by June 1st. Hope it will last until then. Primary Auto Insurance and Travel coverages makes it worthwhile for me, still enabling transfer eligibility to Hyatt/Southwest. Wish it had some Priority access too.

  • i had a good experience using Chase sapphire for primary insurance on a rental car in Portugal. Had a $400 bill from a scratch. While the rental company was not helpful, i was able to do basically everything online or over the phone with chase after that, and was reimbursed a few months later. Just make sure you decline the CDW and pay with the Chase card.

  • Great card. I’m debating going from the CSR to CSP, but not sure if it’s worth using the priority pass benefit.

  • Thanks for the information. Would one be able to redeem points (through Chase Ultimate Rewards for the Chase Sapphire Preferred card) for travel booked through OTAs, like Priceline/Expedia? If so, how does that work?

    • Unfortunately, Chase requires you to book through the travel portal. The only option to redeem points for another OTA purchase would be to redeem for a statement credit, but the rate is 1 cent per point, which probably isn’t worth it. The Capital One Venture card (full review) does offer the ability to redeem points for any travel purchase. The Barclay Arrival Plus as well, but that card is no longer open to new applications.

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