Chase has a “Trifecta” of cards, that when paired together, compete with the most luxurious and expensive cards around. These are known as the, ‘Chase Freedom Unlimited, Chase Sapphire Preferred, and Chase Freedom Flex’. While a “trifecta” may not be necessary for you, and may confuse you as to why you need 3 credit cards in the first place, they do provide massive benefits.
The Chase Sapphire Preferred® Card is the top card in this trifecta, above the Freedom Unlimited®, and Freedom Flex®.
At a glance
| Chase Sapphire Preferred | |
Annual Fee | – $95 |
Sign-up Bonus | – Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®. |
Ongoing Rewards | – 5 points per $1 spent on all travel purchased through Chase Ultimate Rewards®. – 3 points per $1 spent on dining (including eligible delivery services and takeout). – 3 points per $1 spent on select streaming services. – 3 points per $1 spent on online grocery purchases (not including Target, Walmart and wholesale clubs). – 2 points per $1 spent on travel not purchased through Chase Ultimate Rewards®. – 1 point per $1 spent on other purchases. – Through March 2025: 5 points per $1 spent on eligible Peloton purchases (with a maximum earning of 25,000 points) and on Lyft. |
Foreign transaction fee | – None. |
APR | – The ongoing APR is 21.49%-28.49% Variable APR. |
Value of points redeemed through chase rewards | – 1.25 cents |
Additional benefits | – A $50 annual credit on hotel stays purchased through Chase Ultimate Rewards®. – Each account anniversary, cardmembers will earn bonus points equal to 10% of total purchases made the previous year. – Hotel and airline transfer partners. – Primary rental car coverage. |
Limited time offers | – Through March 31, 2025, earn 5 points per dollar spent on eligible Lyft purchases. – Get complimentary access to a DashPass membership, which offers $0 delivery fees and lower service fees on eligible orders for a minimum of one year when you activate by Dec. 31, 2024. – Get 6 months of complimentary Instacart+ and $15 in statement credits each quarter when you activate by July 2024. – Receive a $10 monthly statement credit from GoPuff through Dec. 31, 2023. Terms apply. |
Why travelers will prefer the Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card boasts a sign-up bonus that can significantly outshine the value provided by the Chase Freedom Unlimited® when it comes to financing a vacation. Additionally, the points accrued with the Chase Sapphire Preferred® Card hold a 25% higher value when redeemed for travel through the Chase Ultimate Rewards® portal. The card also grants the privilege of transferring points to travel partners, unlocking the potential for even greater value. For avid travelers leveraging the card’s perks, the $95 annual fee can be justified.
With a $50 annual credit applicable to hotel stays booked through Chase Ultimate Rewards®, you’re well on your way to offsetting a substantial portion of the annual fee. The continuous rewards and bonus points awarded on each account anniversary could potentially cover the remainder of the fee. Travel enthusiasts will also find added benefits in the form of savings, as the card spares them from foreign transaction fees on international purchases.
