Best all-around travel rewards card

Year after year, the Chase Sapphire Preferred wins at the TPG Awards for Best Travel Rewards Card. In exchange for a $95 annual fee, you'll gain access to the incredible Ultimate Rewards program -- unleashing tons of potential value for award travel. (Partner offer)

At a glance

  • 5X Earn 5X points on travel purchased through Chase Ultimate Rewards®.
  • 3X Earn 3X points on dining.
  • 2X Earn 2X points on all other travel purchases, plus more.
100,000 points
Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
Up to 29.99%
24.99% Variable
15.99%-22.99% Variable
15.99%-22.99% Variable
$95

At a glance

  • 5X Earn 5X points on travel purchased through Chase Ultimate Rewards®.
  • 3X Earn 3X points on dining.
  • 2X Earn 2X points on all other travel purchases, plus more.
100,000 points
Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
Up to 29.99%
24.99% Variable
15.99%-22.99% Variable
15.99%-22.99% Variable
$95
  • Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.

Our Take

TPG Editor's Rating

tooltip Card Rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
4.5/5

Overview

We love the Chase Sapphire Preferred because it's a great introduction into the world of travel rewards. The card recently revamped its earning rates so cardholders can accrue rewards even faster. Point are worth 1.25 cents apiece when redeemed for travel through Chase, but can also be transferred to 11 airline and three hotel partners for even more choices, including those first-class flights and fancy suites you've been dreaming of.

Pros

  • Earn multiple points per dollar on things like travel and dining
  • The current welcome bonus on this card is quite generous. TPG values it at $2,000
  • Premium travel protection benefits including trip cancellation insurance, primary car rental insurance and lost luggage insurance

Cons

  • The card comes with a $95 annual fee

Who is this card good for?

The Chase Sapphire Preferred is best for award travel beginners who want an introduction into the world of points and miles. The Ultimate Rewards program is a favorite across the board thanks to just how many ways there are to redeem points, including for travel, statement credits, and by transferring to airline and hotel partners.

Earning Rewards

The card recently revamped its earning rates. Now, you can rack up 5 points per dollar on travel booked through the Ultimate Rewards portal, 3 points per dollar on dining and select streaming services, 3 points per dollar on online grocery purchases (excluding Target, Walmart and wholesale clubs), 2 points per dollar on other travel purchases, and 1 point per dollar on all other eligible purchases. 

Frequently asked questions