No, the Chase Sapphire Preferred does not have lounge access for free. Chase Sapphire Reserve® is the Chase Sapphire card with the airport lounge benefit, giving cardholders (and up to two guests) access to over 1,300 airport lounges with a complimentary Priority Pass membership. That package would ordinarily cost at least $99/year. Chase Sapphire Reserve’s $550 annual fee is much higher than the $95 that Chase Sapphire Preferred charges, though. That means neither Chase Sapphire card is worth it for lounge access alone.
There are ways to make it work, though. One option is to use the Chase Sapphire Preferred’s big initial rewards bonus to pay for a separate airport lounge membership, or at least to cover the cost. New cardholders who spend $4,000 in the first 3 months with this card get 60,000 points bonus points.
If you’re dead set on getting lounge access from your credit card, you’re mostly looking at cards with $400+ annual fees, like Chase Sapphire Reserve. Many can be worth it for frequent travelers, though, thanks to features like Chase Sapphire Reserve’s $300 yearly travel credit.