Chase Sapphire Preferred Review 2023

If you spend most of your time traveling, you claim a credit card that offers bonuses.

Hence, the Sapphire Preferred card is a suitable credit card for frequent travelers.

It offers an amazing signup bonus and great rewards in different spending categories.

Also, its annual fee is sensible for most Sapphire Preferred cardholders. Thus, if you’re a frequent traveler, read through this article to know if this card fits your needs.

In today’s article, we will give you a breakdown of the Sapphire Preferred card and its rewards.

That’s not all, we will also provide you with other helpful info about the Sapphire Preferred card.

With that in mind, let’s see if the Sapphire Preferred card suits your needs.

Chase Sapphire Preferred – Annual fee and earning points

The Sapphire Preferred card has a reasonable annual fee of $95 which is normal for this type of card.

Hence, this card also comes with great reward points for its cardholders. Thus here are some reward points offered by this credit card:

  • 5x total points on travel purchased using your card through Chase Ultimate Rewards. This does exclude hotel purchases to qualify for the $50 Annual Hotel Credit.
  • 3x points on dining (Plus, takeout, dining out, and approved delivery services).
  • 3x points on online grocery purchases (other than Walmart, Target, and wholesale clubs).
  • 3x points on chosen streaming services.
  • 2x on all travel purchases made with your credit card.
  • 1 point for each dollar spent on other purchases made with your Sapphire Preferred card.
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Chase Sapphire Preferred – Welcome Bonus and other rewards

The Sapphire Preferred card offers a mind-blowing welcome bonus for cardholders.

Hence, as a new cardholder, you can get 60,000 bonus points using your new card.

How can you earn this bonus? To earn this welcome bonus, you’ll have to spend at least $4,000 on purchases in the first 3 months.

Thus, the credit card welcome bonus is worth $750 toward travel when redeemed.

However, it is worth this value when you redeem points via the Chase Ultimate Rewards.

Also, you can get up to $200 in extra partnership benefit value using your Sapphire Preferred card.

That’s not all, you’ll also get rewarded with bonus points up to 10% of your purchase yearly.

Hence, you’ll get this reward on each credit card account. So if you spend $30,000 yearly, you’ll get 3,000 points on your account anniversary.

Still, you can also get $50 (statement credits) every account anniversary year. Thus, this is for hotel stays booked through Chase Ultimate Rewards.

Redeeming Sapphire Preferred Points

The worth of your Sapphire Preferred Points varies based on how you choose to redeem them.

Hence, chase ultimate reward points are worth more value when redeemed towards travel.

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So, how can you redeem your Sapphire Preferred Points? Well, the steps below will guide you on how to redeem your points.

First, you can use your points to book travel via the Chase Ultimate reward portal.

Hence, when points are redeemed towards travel, you’ll get a 25% value of these points.

Thus, each point equals 1.25 when redeemed toward travel booked via Chase.

Next, you can transfer points on a 1-1 basis towards airlines and hotels in partnership with Chase.

Hence, you can transfer 6,000 points and get 6,000 miles from the following:

Airline Partners

  • Aer Lingus, AerClub
  • Air Canada Aeroplan
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airline KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

Hotel Partners

  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

However, note that the value of your point may vary depending on the program.

But, you may get more than the 1.25 cents per point from the Chase Ultimate Rewards Travel Portal.

Combine Your Chase Points with Other Chase Cards for More Travel Value

One outstanding fact about this card and the Chase program is that it allows you to combine points.

Hence, you can combine points from different Chase cards and redeem them together.

Yet, the Sapphire Preferred card offers you a 25% boost on all points via the Chase Travel portal.

Also, it offers you the option to use points from other Chase cards with travel transfer partners.

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Chase Sapphire Preferred – Partner Benefits and Other Perks

The Sapphire Preferred Card has several benefits from partnering airlines and Hotels.

Hence, here are Chase Partners benefits and other perks:

  • 5x points on Lyft rides throughout March 31, 2025.
  • Free grocery delivery to your doorstep with 6 months of complimentary Instacart+.
  • Complimentary access to DashPass
  • 5x total points on Peloton purchases of up to $150 with a total earn of 25,000 points until March 31, 2025.

Other Perks

  • No foreign transaction fees.
  • 24/7 Access to a Customer Service.
  • Trip cancellation/interruption insurance.
  • Rental car insurance.
  • Baggage delay insurance.
  • Trip delay reimbursement.
  • Purchase protection.
  • It has extended warranty coverage.

Can I get Airport Lounge Access or TSA PreCheck/Global Entry with this card?

Sadly, you cannot get an Airport Lounge Access or TSA PreCheck/Global Entry with this Card.

Hence, this Card does not offer Credit towards TSA PreCheck or Global Entry.

What Credit Score is needed for the Sapphire Preferred Card?

There is no specific credit core needed to get the Sapphire Preferred Card. Yet, you’ll need a good credit score of at least 700 and a year of credit history to get this card.

Hence, make sure you have a good annual income and a low credit utilization ratio.


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Final Verdict

In summary, this is all you need to know about the Sapphire Preferred Credit card.

Hence, if you have any questions about the Sapphire Preferred card, let us know.

Thus, drop all your questions in the comment section below and we will reach out to you soon.

Having said that, Thank you for reading!