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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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Chase Sapphire Preferred benefits: Everything you need to know
Nick Ewen is TPG's editor-in-chief and helps readers leverage credit cards (he has more than 25 of them) and loyalty programs to travel more for less. He's been at TPG for over 11 years.
Compliance manager Stanley Sanford has years of compliance experience in the credit card industry dating back to 2017. He's reviewed content for several reputable sites, including CreditCards.com, Bankrate, CNET. and even thepointsguy.com before leading the compliance team for The Points Guy full time in early 2022.
Credit card writer Danyal Ahmed is an avid traveler, averaging about 100,000 aeronautical miles per year. He regularly applies that knowledge and his expertise in credit cards to his role as a credit card writer at TPG.
also contributed to this story
April 3, 2025 • 8 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
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Quick summary
A popular travel rewards card offers a sizable introductory bonus and flexible redemption options, especially when points are transferred to airline and hotel partners.
Cardholders benefit from a range of bonus categories at select merchants and receive an annual hotel credit when booking through the card's travel portal.
Travel protections include primary car rental coverage, trip delay and cancellation insurance, lost luggage reimbursement and baggage delay insurance.
Additional perks include no foreign transaction fees, extended warranty and purchase protection, and complimentary access to select food delivery services.
What to consider
Eligibility for the introductory bonus is restricted by recent card openings and prior bonuses from similar products.
Bonus earning rates apply to specific categories and merchants, with some limited-time partnerships and caps on select benefits.
The introductory offer referenced may no longer be available.
What you'll miss from the article
A detailed breakdown of travel protections, redemption strategies and eligibility nuances for maximizing this travel rewards card.
Generated by AI with support from our editorial team.
Update: Some offers mentioned below are no longer available. View the current offers here.
The Chase Sapphire Preferred® Card (see rates and fees) is widely considered one of the best travel credit cards on the market — even winning TPG’s best travel rewards card award for seven straight years at the TPG Awards.
Let's jump into the key perks of the Chase Sapphire Preferred and why it should be your first — or next — rewards credit card.
Great Welcome bonus value
The Chase Sapphire Preferred is currently offering 75,000 Ultimate Rewards points after spending $5,000 within the first three months of account opening.
ZACH GRIFF/THE POINTS GUY
Our March 2025 valuations value Ultimate Rewards points at 2.05 cents per point, so we peg the current welcome offer at an impressive $1,538 — if you redeem your points via Chase’s 11 airline and three hotel partners that allow you to transfer the points to their respective loyalty programs at a 1:1 ratio.
Since its launch in 2009, the Chase Sapphire Preferred has offered bonus rewards on travel and dining purchases, covering everything from Uber rides and parking fees to food delivery services.
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Chase revamped bonus categories and benefits that make the Sapphire Preferred more competitive than ever before. Now, cardholders can earn:
At your account anniversary, you’ll also accrue 10% of your total card spending in the form of points. Each point represents $1 spent on the card, so if you spent $10,000 on the Sapphire Preferred in one year, you’d receive 1,000 points back.
The categories and bonus benefits allow cardholders to earn bonus points on all travel-related purchases and everyday purchases beyond just the welcome offer.
No matter what type of card user you are, there are ways to get solid value from your Ultimate Rewards points.
This includes Amazon purchases, Apple products and gift cards. While these redemption options will yield between 0.8 and 1 cent per point in value, there are much better ways to stretch your points when using them for travel.
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A great option is to book travel directly through Chase Travel for up to 1.75 cent per point, depending on the specific redemption (see your rewards program agreement for full details).
If you're seeking to get maximum value from your points, though, you'll want to transfer them to one of Chase’s airline or hotel transfer partners.
The value of the Chase Sapphire Preferred doesn’t stop at earning and redeeming points. When you pay for your trip expenses with your card, you’ll be armed with complimentary travel protections and benefits that could save you hundreds (or thousands) of dollars.
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Perks and protections that come with the Chase Sapphire Preferred mean you can prepare for and embark on your trip with peace of mind.
Annual $50 hotel statement credit
Receive a $50 statement credit once per year when you book a hotel reservation through Chase Travel.
Primary car rental insurance
Cardholders receive primary car rental insurance, which covers the entire loss, damage or theft of a rental car without going through an insurance company.
Lost luggage reimbursement
Cardholders receive up to $3,000 per covered traveler for the cost to repair or replace checked or carry-on baggage that is lost, damaged or stolen during a covered trip.
Trip delay reimbursement
Cardholders also receive trip delay reimbursement. If your flight, train or other common carrier trip is delayed more than 12 hours or you require an overnight stay due to a delay, you’re covered for unreimbursed expenses such as meals and lodging up to $500 per ticket. (And yes, we've tested this perk out, and it really works.)
Trip cancellation/trip interruption insurance
If your trip is cut short or interrupted by sickness, severe weather or other covered situations, the Sapphire Preferred also offers protections in these areas. You can recoup up to $10,000 per person (up to a maximum of $20,000 per trip) for prepaid, nonrefundable travel expenses such as plane tickets, hotels and tours.
Baggage delay insurance
Cardholders receive baggage delay insurance, which covers up to $100 per day for up to five days for essentials when checked baggage is delayed by more than six hours.
Other benefits
Other notable benefits include no foreign transaction fees, making this card suitable for use at home and abroad. This can save you from having to pay between 2.7% and 3% on purchases made outside of the U.S.
Chase has several unique partnerships that go beyond the travel realm that Sapphire Preferred cardholders can enjoy.
DoorDash DashPass
Cardholders have complimentary access to at least one year of DoorDash DashPass, which normally costs $9.99 per month. You’ll get lower service fees and free delivery on orders over $12. Once you activate your DashPass benefit, it's valid through Dec. 31, 2027.
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Shopping Protections
Cardholders receive extended warranty protection, which extends the manufacturer's warranty by one year and covers up to $10,000 per item and up to $50,000 per account.
Additionally, cardholders receive purchase protection which covers purchases made on their card within 120 days against loss, theft or damage up to $500 per item and up to $50,000 per account.
You may not qualify for the Sapphire Preferred later
If you’re not convinced yet, here’s another big reason you may want to apply for the Chase Sapphire Preferred sooner rather than later: the infamous Chase 5/24 rule.
If you’ve opened five or more new personal credit cards in the past 24 months across all banks — not just with Chase — it’s a near certainty that you won’t be approved for the Sapphire Preferred (or another consumer Chase card).
As a result, if you want to take advantage of the welcome bonus and the other perks that come with the Chase Sapphire Preferred, it’s a good idea to add it to your wallet before moving on to other cards.
Similarly, if you’ve received a welcome bonus from the Chase Sapphire Reserve® (see rates and fees) in the last 48 months or still have a Sapphire Reserve open, you will not be eligible for the Sapphire Preferred’s welcome bonus.
The Chase Sapphire Preferred is unmatched in terms of value and affordability. With a $95 annual fee, there are many ways to justify this cost, whether it’s the welcome bonus, ongoing rewards or complimentary trip protections that ensure peace of mind on your travels.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
