The Chase Sapphire Preferred® Card has a lucrative rewards program and a great sign-up bonus worth as much as $1000 towards travel when you earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The annual fee is just $95 per year, which is low among travel rewards cards.
The travel perks that come with the card make it an even better value for people who will make good use of them. The sign-up bonus is one of the best available right now. You can rack up rewards points with everyday spending, making this a great general-use credit card.
|Card||Ongoing Purchase APR||Annual Fee||Intro Bonus||Credit Needed||Key features|
|Chase Sapphire Preferred® Card||15.99% - 22.99% Variable APR based on creditworthiness||$95||80,000 bonus points spending $4,000 on purchases within the first three months||Good to Excellent||Travel rewards|
What we like about Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is a low-cost travel credit card with a rewards program that’s easy to understand, without any rotating categories or complicated restrictions to remember.
The 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1000 toward travel.
This card offers the standard perks you’d expect from a good travel rewards card with tons of extra benefits like baggage delay insurance, lost luggage reimbursement and trip cancellation/interruption insurance.
Things to consider
The Chase Sapphire Preferred® Card works best for those who spend heavily in the travel and restaurant categories.
Before applying for this credit card, think about how much money you typically spend on travel and restaurants and whether you can exceed this threshold. Of course, this doesn’t apply during the first year if you qualify for the welcome bonus.
Chase Sapphire Preferred® Card travel rewards details
This is a good travel rewards credit card, and although it doesn’t have the same earning power as other premium travel cards, it’s low annual fee helps it stand out from the crowd.
The Chase Sapphire Preferred® Card offers 80,000 bonus points when you spend $4,000 in purchases within 3 months of opening the account.
You get 25% more value for redeeming points through travel with Chase Ultimate Rewards. So, 80,000 points with Chase Sapphire Preferred® Card is worth $1000. Cardholders earn double points on travel and dining and one point on everything else.
Chase Sapphire Preferred® Card fees
The annual fee is a low $95 per year. This is easily offset during the first year if you spend $4,000 with the card within three months of opening the account to get 80,000 bonus points. That’s $1000 toward travel when you redeem through Chase Ultimate Rewards®.
The transaction fee for a balance transfer is the greater of $5 or 5% of the transfer amount. Cash advances cost $10 or 5% of each transaction — whichever is larger. Best of all, there is no foreign transaction fee, making this an excellent card to use abroad.
How does it compare to other travel rewards cards?
The Citi Prestige® Card is a sought-after travel rewards card with a welcome bonus of 50,000 points worth $500 in travel after you spend $4,000 within 90 days of opening the account. Cardholders earn points at a rate of five points for every dollar spent on air travel and restaurants, three points for hotel and cruise lines, and one point per dollar spent on everything else.
Additional perks include a $250 travel credit each year (applies to most travel purchases), two complimentary fourth-night hotel stays per year, and VIP lounge access through Priority Pass Select. Points transfer to some airline loyalty programs, including Virgin Atlantic Flying Club and TrueBlue. The annual fee is a hefty $495, which for some credit card shoppers is an instant dealbreaker.
The Chase Sapphire Preferred® Card has a much lower annual fee of $95. Both cards offer a high redemption value for travel and are good options for travel rewards.
The Capital One® Venture® Rewards Credit Card is another notable contender for one of the best travel cards. Its welcome bonus is 50,000 bonus miles after spending $3,000 with the card within three months of opening the account. Rewards accumulate at a rate of two miles per dollar spent on every purchase made with the card.
Notably, there’s no annual fee with the Capital One® Venture® Rewards Credit Card during the first year. After that, it’s $95 per year. Cardholders can transfer miles to 15+ leading travel loyalty programs or use them on flights, hotels and other travel booked through Capital One.
For credit card shoppers looking for a low annual fee and a straightforward earning program, the Capital One® Venture® Rewards Credit Card is a great choice. The Chase Sapphire Preferred® Card’s annual fee is $95 per year starting right away. Venture miles are worth one cent each. For credit card users focused on travel, the Chase Sapphire Preferred® Card may be a better choice due to its flexibility.
The bottom line
This is a great travel credit card for people who can’t stomach the $495+ annual fee that comes along with top-tier travel rewards cards. If you travel and dine out a lot and are looking for a low-fee rewards card, the Chase Sapphire Preferred® Card could be a good fit.
If you’re still not sold on the Chase Sapphire Preferred® Card, it might be helpful for you to browse other rewards credit cards so you can compare their features and rewards. You can also consider carrying a few different cards that cater to your unique travel goals or spending preferences. To learn as much as you can about the different rewards cards available, we suggest you read through and take note of the cards on these pages:
Please Note: Information about the Capital One® Venture® Rewards Credit Card have been collected independently by TheSimpleDollar.com. The issuer did not provide the details, nor is it responsible for their accuracy. Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view a list of partners, click here. Opinions expressed here are the author's alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser's page for terms & conditions.
Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view a list of partners, click here. Opinions expressed here are the author's alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser's page for terms & conditions.