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 unable to meet a welcome-offer threshold through normal spending
Conservative break-even test
Start with the annual fee, then subtract only the travel credit or other benefits you would use without changing your booking habits. The remaining fee should be covered by the extra value of its points and protections over your best no-fee alternative—not by the welcome offer, which is one-time value.
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.
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