Chase Sapphire Preferred Card Reviews (2023)Chase Sapphire Preferred reviews, rewards, rates & fees. See if Chase Sapphire Preferred is worth it for you. Apply for the Chase Sapphire Preferred Card.John KiernanWalletHub60,000 points - initial bonusUp to 6.25% back when redeeming for travelNo foreign transaction fees$95 Annual fee1 point per $1 base earn rate
after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit
Annual Fee
$95
Rewards
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
APR on Purchases
21.24% - 28.24% (V)
Balance Transfer
APR: 21.24% - 28.24% (V)
Balance Transfer Fee:Either $5 or 5% of the amount of each transfer, whichever is greater.
The Chase Sapphire Preferred® Card is a very good credit card for bonus rewards on travel and dining. Chase Sapphire Preferred is worth its $95 annual fee for people with a 700+ credit score who like to travel, don’t mind booking at least one trip through Chase, and plan... show more
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Chase Sapphire Preferred's Additional Info
cash advance fee
Either $10 or 5% of the amount of each transaction, whichever is greater.
Can't find what you are looking for? Submit your question about Chase Sapphire Preferred® Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
The main Chase Sapphire Preferred requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and at least good credit.
Chase Sapphire Preferred Requirements
At least 18 years old
Physical U.S. address (no P.O. boxes)
Proof of enough income to make the monthly minimum payment
Social Security number or ITIN
Good credit or better
If you apply for the Chase Sapphire Preferred card, it's important that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.
To check your Chase Sapphire Preferred balance, log in to your Chase account online or call credit card customer service at 1-800-432-3117. It's also possible to check your Chase Sapphire Preferred balance through the Chase app or by texting bal to 24273.
How to Check Your Chase Sapphire Preferred Balance
The Chase Sapphire Preferred card's balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater. You'll be charged this fee each time you do a balance transfer.
Besides this fee, balances transferred to the Chase Sapphire Preferred also have an APR of 21.24% - 28.24%...
Yes, the Chase Sapphire Preferred® Card is a metal credit card. The Chase Sapphire Preferred weighs around 13 grams, compared to 5 grams for a traditional credit card made of plastic. Functionally, the metal Chase Sapphire Preferred card doesn't work any differently than a plastic credit card, though it will be more durable.
To check your Chase Sapphire Preferred card delivery status, call customer service at (800) 432-3117 to speak to a representative. Unfortunately, you cannot check the delivery status online.
After you get approved, you should receive your card in the mail in 3-5 business days. If it's been more than 5 business days and you...
No, the Chase Sapphire Preferred® Card is not a good first-time credit card because it is only available to people with good credit or better. People who've never owned a credit card are unlikely to get approved unless they've built good credit through other means. There are plenty of good first-time credit cards on...
Share your insights and review the Chase Sapphire Preferred® Card
5
46%
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24%
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3.9
3,466 reviews
3,466 reviews
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Collin Sullivan @collin.sullivan
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5 Star Rating
The Chase Sapphire Preferred card is my favorite credit card to date. You can earn 1% cash back and up to 2% on certain items. When it comes to cashing in your rewards points, there are many different options offered. You can receive cash back and use it towards your monthly statement, you can use it to earn / buy travel points, and they offer special discounts on many other things to use your rewards points against. I would say the only set back is the annual fee which is about $90.00. Depending on how much you spend and get back this might not be that big of a deal for you, but it is rather steep for some people. Overall I think the card is worth it for the rewards given. The customer service is great also, I've never not had an issue resolved almost immediately after calling them.
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Jeff Chen @jeff.chen.92123
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5 Star Rating
I have been a big fan of Chase bank for the longest time. I had my first credit card with them since college. Since then I have been very satisfied with their service etc. The benefits of having a Chase Sapphire Card are that there is no annual fee for the first year, and no foreign fee whatsoever. In addition, they have a reward program that allows the owner to save up points and use them on other purchases. Definitely I would recommend it to my friends and family.
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John S Dunning @johnsdunning
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5 Star Rating
I really like my Chase Sapphire Preferred Card. I use it on almost every purchase. That way I get the most out of the reward points. The first year has no annual fee, after that it is $95.00 per year. The interest rate that they offer on this card is also more than a fair rate. Customer service is also great to deal with. I have had this card for 2 years now and have no complaints.
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Nelly Mendoza @nelly.mendoza.7146
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5 Star Rating
The Chase Sapphire Preferred Credit Card has been quite amazing to use. From no annual fee for the first year to a low $95 fee yearly after this credit card is great to use for many reasons. I get a huge amount of bonus points when making major purchases like pricey electronics/home appliances. The Chase Ultimate Rewards also make this card extremely rewarding to use on most major purchases. Also with 15.99% interest rate this card stands out from the others with much higher interest rates.
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Tony Sobacki @tsobacki
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4 Star Rating
The Chase Sapphire Preferred Card is one of the best rewards cards on the market today. You instantly get bonus points upon signing up, and the double points for eating out and traveling are really appealing, much more so than any other rewards cards I currently own. I also like that there's no limit on the amount of points you can earn or redeem; other reward cards I currently have enforce annoying limitations that almost make the reward function of the card pointless. The only downside of the card is the annual fee, but you don't have to pay it for the first year so that's nice. Overall just a great card for earning bonuses and Chase has a great website and customer service so any issues with the card or the account are resolved quickly.
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Lydia Whitehorn @lydia717
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4 Star Rating
I love my Chase Sapphire Preferred Card. It has lots of benefits and perks, which is why I use it more than any other credit card. The rewards program with this card is awesome! After you open your account and spend $3000, you will earn 40,000 bonus points immediately. I do quite a bit of traveling and this credit card gives me double points on travel and restaurants. I also get 20% off on airfare,car rentals, and hotel stays. There's no foreign transaction fee with this card, so it's great to use it when you travel outside of the United States. The annual fee is kind of on the high side, at $95, which is the only reason I didn't give it five stars... but the earned rewards more than make up for that. I'd recommend this card to anyone!
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brian @brian.curtis.792
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4 Star Rating
The rewards on this card are fantastic. The points really add up quickly. This is my go to card. The interest rates are a little high but I keep the balance low and rack up the points. If you keep a low balance and can really take advantage of the rewards from this card, I highly recommend it.
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Brett Charnell @bcharnell
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4 Star Rating
The Chase Sapphire Preferred Card is my favorite card. I got 20,000 bonus points, which became $200 credit. This is the best card for traveling, especially for those who travel more than occasionally and tend to spend copious amounts of money. Every time you use points to book travel through Chase, 20% of those points are automatically refunded. This is definitely the best card I have ever had the privilege to experience using. I highly recommend this particular card to anyone that would like to earn back savings on their family’s trips or personal business trips as well. This is the card for you.
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Sean Chandler @sunarashi
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5 Star Rating
The Chase Saphire Preferred Credit Card is a beautiful credit card that is made out of a combination of metal and plastic. I've had this card for a while and find it to be an excellent card with great benefits. The bonus of 40,000 points redeemable for a statement credit of up to $500 is a huge win, but I would rather transfer these points to united airlines where I could make these points worth more than $1000. The annual fee of $95 is nothing compared to the benefits you receive (covers 5 years of annual fees), and if you really don't want to pay it you can just downgrade your account to the regular sapphire card and pay no fees.
This card has benefits similar to that of most American Express cards who has very high customer satisfaction. Unfortunately, I have not been able to use any of these benefits so I don't know how well that they handle the situations but I'm sure they do just fine.
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Justin Parker @jparker82
Thank you for this review, I found it very helpful. The idea of down-grading the card if you do not like the annual fee is excellent. It makes me feel like I could try this card for a year or two and, if I felt I was not getting my money's worth out of the "Preferred" status, I could easily change my account without suffering any serious negative consequences.
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Darlynn Hall @darlynn.hall
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2 Star Rating
The fees that are charged and the interest make this card less than stellar. However I would recommend this card because the customer service is good and the reward incentives are various. All in all I would give this car 3 stars only because of fees.
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Review Chase Sapphire Preferred® Card
Expert Thoughts on Chase Sapphire Preferred
To help people learn more about Chase Sapphire Preferred Card, WalletHub's editors posed the following questions to a panel of experts. You can meet our panelists and read their responses below.
Do you expect initial rewards bonuses on travel rewards credit cards to get better or worse in the next 12 months?
How much do people need to travel for a travel rewards credit card that charges an annual fee to be worthwhile?
What should consumers watch out for when booking airfare, hotel reservations and other travel accommodations through a credit card company’s rewards portal?
Harold S. Lee Ph.D., CHIA, Clinical Assistant Professor, Hospitality and Tourism Management, University of North Texas, College of Merchandising Hospitality and Tourism Read More
Murat Kizildag Ph.D., MBA, Associate Professor of Finance & Vice Chair of College Assessment, Rosen College of Hospitality Management, University of Central Florida Read More
Jeremy C. Clement MBA, PMP, Senior Instructor, Internship Coordinator, Department of Hospitality and Tourism Management, Director, Schottland Scholars Program, College of Charleston Read More
Seung suk Lee Assistant Professor, Arkansas Tech University Read More
Mary Jo Ross Ph.D., CSEP, CPCE, Associate Professor, College of Business, Slippery Rock University Read More
Drew Martin Professor in the School of Hotel, Restaurant and Tourism Management, College of Hospitality, Retail and Sport Management, University of South Carolina Read More
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