Adam McCann, Financial Writer
@adam_mcan
No, the Chase Sapphire Preferred® Card is not a cash back credit card. Although the Chase Sapphire Preferred does not offer cash back, it does have rewards, giving 1 - 5 points per $1 spent on purchases. The Chase Sapphire Preferred’s annual fee is $95 annual fee.
Key Things to Know About the Chase Sapphire Preferred® Card
- Rewards: 1 - 5 points per $1 spent on purchases
- Annual fee: $95
- Regular APR: 19.49% - 27.74% (V)
- Foreign transaction fee: $0
- Credit required: Good
- WalletHub editor’s rating: 5/5
- WalletHub user rating: 4.0 / 5
Although the Chase Sapphire Preferred® Card isn’t a cash back credit card, there are plenty of great cash back credit card offers on the market. You can start your search with WalletHub’s editors’ picks for the best cash back credit cards. It’s good to compare multiple options before submitting an application, to ensure that you get the most bang for your buck
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People also ask
Why is Chase Sapphire Preferred so popular?
The Chase Sapphire Preferred Card is so popular because it offers high-value bonus rewards for travel and dining, and has numerous transfer partners. You could earn roughly $2,000 in net rewards from the Chase Sapphire Preferred card in two years.
Reasons Why Chase Sapphire Preferred is So Popular
- Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
- Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
- 10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
- Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Member FDIC
How can I redeem my Chase Sapphire Preferred points?
You can redeem your Chase Sapphire Preferred points either online or through the Chase mobile app. When it comes to redemption methods, you have quite a few options to choose from.
Chase Sapphire Preferred Points Redemption Options
- Travel: Chase Sapphire Preferred rewards points are best used for travel booked through Chase Ultimate Rewards. Just select " Travel" once you're signed in.
- Cash back: You can redeem your points to either get a statement credit or a direct deposit to a U.S....
What is the $750 welcome bonus credit card?
The Capital One Venture Rewards Credit Card (see details, rates & fees) is the best credit card for a $750 welcome bonus. Venture offers 75,000 bonus miles for spending $10,000 in the first 6 months, equal to $750 in travel.
Best Credit Cards with a Welcome Bonus Worth $750+
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You’ll need good or excellent credit to qualify for the best credit card sign-up bonuses. You can sign up for a free WalletHub account to see where you stand. You'll get access to your latest credit score and report, updated daily, along with personalized credit advice and 24/7 credit monitoring.
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