Chase Sapphire Preferred® Card
Chase
Welcome Offer
The Chase referral page currently lists Sapphire Preferred and the personal Sapphire Reserve. Confirm current offers and eligibility on Chase. The referrer may receive a reward if you are approved; this does not influence OpenCard's evaluation.
Our take
A practical entry point into transferable travel rewards for someone who wants useful dining and travel categories without committing to a premium annual fee. Its strongest case is flexibility: points can support several redemption paths, while the fee is low enough that a modest amount of naturally used value can justify keeping it. The weak spot is ordinary, uncategorized spending, so it works better as part of a small card pair than as the only card in a wallet.
Best for
- ✓ Travelers starting with transferable points
- ✓ People who spend regularly on dining and travel
- ✓ Cardholders who want primary rental-car coverage without a premium-card fee
Not ideal for
- — People who want simple statement-credit rewards
- — High spenders seeking lounge access as the main benefit
- — Anyone who would overspend or carry an interest-bearing balance to earn rewards
Conservative break-even test
Use the annual fee and eligible credit terms shown on this page, excluding the welcome offer. Worked example—not a guaranteed return: if $6,000 of annual spending earns 1 percentage point more value than your no-fee alternative, that adds $60, not the total rewards earned. If a planned hotel booking saves another $50 after comparing the same room and cancellation terms directly, the combined recurring value is $110 before subtracting the annual fee. Set the hotel saving to $0 if you would not make that booking. Use your own redemption value; do not count a credit, its underlying purchase, and rewards on that purchase as three separate savings.
First year vs. ongoing year worksheet
For year two, remove the one-time welcome offer entirely. To recover a $95 fee from rewards alone, this card must produce that much more value than your best no-fee alternative. At a 1% incremental return, that would require about $9,500 in eligible annual spend before counting credits you would genuinely buy anyway.
Data reviewed 2026-07-15. Estimate is not cash and depends on redemption. Confirm current issuer terms through the cited sources below.
Would I renew? Adjust your assumptions
Annual fee: $95. Start at zero. Excludes welcome offers, interest, and taxes; reduce portal savings for price differences. These are your estimates, not guaranteed returns.
Estimated annual value after fee: −$95.
Your estimates do not cover the annual fee. Compare a lower-fee alternative.
Earning Rates
Benefits & Credits
$100/year on hotels booked through Chase Travel portal.
/yearLounges
Other Benefits
Up to $10,000 per covered trip
Primary coverage
24/7 assistance
Up to $100,000 in coverage
One year when activated by December 31, 2026
Insurance
Application Rules
Sources
- https://www.chase.com/SapphirePreferred
- https://media.chase.com/news/Meet-the-New-Chase-Sapphire-Preferred
- https://thepointsguy.com/news/chase-sapphire-preferred-100k-point-bonus-offer-last-chance-2026/
- https://www.cnbc.com/select/chase-sapphire-preferred-100k-bonus-ending-soon-2026/
Last Updated: Jul 15, 2026