Card dossier
Sapphire Preferred
Issuer
Chase
Annual fee
$95
Offer Strength
Great offer$240 above typical value
Show breakdown
Estimated bonus value: ~$1,200
Base score: 56
Hotel boost: +4
Ongoing hotel value (conservative): ~$30
• $50 annual credits
Current $1,200 vs typical $960
Net value after annual fee: ~$1,135
Estimate based on our value hints; not financial advice.
Annual Fee
$95/yr
Credit Score
Good credit recommended (670+)
Sapphire Preferred
Welcome Offer
Earn 75,000 bonus points after $5,000 spend in 3 months.
Eligibility Rules
These issuer rules may affect your approval or bonus eligibility.
Chase Sapphire once-per-lifetime
As of January 2026, each Sapphire card's bonus can only be earned once per lifetime. The old 48-month cooldown and one-Sapphire restriction have been eliminated. You can now hold both CSP and CSR simultaneously.
Chase 5/24 rule
Based on widely reported data, most Chase cards appear to decline applicants who have opened 5 or more personal credit cards (from any bank) in the last 24 months.
Duplicate ownership rule
Most banks are observed to decline applications for a card you already hold.
Rules reflect community-reported patterns, not official issuer policies.
Check your eligibilityEarning Rates
Travel
2x points
Including transit and travel purchases
Dining
3x points
Restaurants and eligible delivery
Everything else
1x points
Key benefits
Welcome offer
Earn bonus points after qualifying spend.
Travel & dining rewards
Boosted points on travel and dining purchases.
Transfer partners
Move points to airline and hotel partners.
No foreign transaction fees
Travel abroad without extra fees.
Perks
Primary rental coverage
Auto rental collision coverage on eligible rentals.
Trip protections
Select travel protections on eligible purchases.
No FX fees
Spend internationally without foreign transaction fees.
Paze 10x promo (targeted)
Targeted/YMMV 2026 promo: eligible Sapphire/Freedom cardmembers who received marketing communications may earn an additional 10x Ultimate Rewards with Paze checkout from 2026-05-01 through 2026-12-31, capped at $1,500 in combined purchases per month.
Ongoing Value
Annual benefits that offset the fee year after year.
Annual Credits
$50 in statement credits per year
$50 annual hotel credit via Chase Travel portal.
Annual Fee Breakeven
Good fit for
About this card
The Chase Sapphire Preferred is widely considered one of the best mid-tier travel rewards cards. It earns flexible Ultimate Rewards points that transfer to airline and hotel partners, offers strong dining and travel earn rates, and carries a $95 annual fee that many travelers can offset with the annual hotel credit and sign-up bonus value.
Best for
Travelers who want premium rewards without a premium price tag. Ideal for those who dine out frequently and take two or more trips per year.
Key considerations
Subject to Chase's 5/24 rule. Chase eliminated the old Sapphire one-card restriction and 48-month Sapphire-family bonus restriction in January 2026; current eligibility is modeled as per-card lifetime bonus language, so verify the issuer's application terms before applying.
Downgrade Options
If you decide to cancel, consider product-changing to keep your account history.
Retention Offers
Reported offers when calling to cancel or downgrade. Your offer may vary.
5,000 UR points
PhoneReddit · 2025-12
$95 annual fee waiver (first year)
PhoneReddit · 2025-10
Tip: Mention you are considering product changing to a no-annual-fee Freedom card.
Last updated: 2026-03. Not guaranteed.
Recent updates
Recent offer or rule changes that affected this card.
Card analysis
Offer analysis
The current offer on the Sapphire Preferred awards 75,000 points after spending $5,000 within 90 days of account opening.
Annual fee value
The $95 annual fee is partially offset by ongoing benefits including annual statement credits ($50), with an estimated total value of ~$50 per year.
In the first year, the sign-up bonus alone delivers approximately $1,155 in net value after the annual fee and benefit credits.
Application strategy
This card is subject to Chase’s 5/24 rule. If you have opened five or more personal credit cards from any issuer in the past 24 months, your application will likely be denied regardless of your credit score. Consider whether using a 5/24 slot on this card is the best use of your limited Chase applications.
This card belongs to the sapphire product family. Chase may restrict you from holding multiple cards in the same family or earning bonuses on related products. Review family-specific restrictions on our How It Works page before applying.
Analysis is auto-generated from card data and known issuer rules. Not financial advice.
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