Chase Sapphire Preferred®: Travel Rewards That Pack a Punch
Frequent flyer? The Chase Sapphire Preferred® Card could be your new best friend. But if you're not jet-setting, that $95 fee might sting.
The Quick Version
If you're a regular traveler, the Chase Sapphire Preferred® Card is a standout. With 5x points on travel through Chase and 3x on dining, it's designed to rack up rewards fast. But the $95 annual fee and a steep APR of 22.49%-29.49% mean it's not for everyone.
Travel rewards that shine with a $95 annual fee
Chase Sapphire Preferred® Card
What's Inside
The card is loaded with travel perks: earn 5x points on travel booked through Chase, 3x on dining and streaming, and 2x on all other purchases. A generous sign-up bonus of 75,000 points awaits if you spend $5,000 in the first three months. Plus, no foreign transaction fees sweeten the deal for international spenders.
What's Actually Good
The real draw is the travel rewards. Booking through Chase maximizes your points, and the 3x on dining includes delivery and takeout, which is perfect for urbanites and foodies. The comprehensive travel insurance benefits are a nice touch, offering peace of mind on your journeys.
- ✅ Earn 5x points on travel through Chase
- ✅ 3x points on dining and streaming services
- ✅ No foreign transaction fees
The Catch
The $95 annual fee isn't exactly pocket change, especially if you're not maximizing the travel rewards. And with an APR ranging from 22.49% to 29.49%, carrying a balance is a costly mistake. The card also demands a good to excellent credit score, so it's not accessible to everyone.
- ❌ $95 annual fee
- ❌ High APR (22.49%-29.49%)
- ❌ Requires good to excellent credit
Who It's For
This card is a no-brainer for frequent travelers who can hit that $5,000 spend for the bonus. If dining out and streaming are your lifestyle essentials, you'll love the extra points. But if you rarely travel or your spending doesn't align with the bonus categories, the fee might outweigh the benefits.
The Bottom Line
If you travel often, the Chase Sapphire Preferred® Card is a top contender. But if you're just looking to build credit, the Chase Freedom Rise®: Credit Building with Cash Back might be a better fit.
