Overview

Who is this credit card designed for?

Chase Sapphire Preferred is a credit card issued by Chase Bank, which is based in New York, NY. 

Chase Sapphire Preferred is designed for people with a credit score of 700 to 850. This card charges an annual fee but the fee is waived the first year. This makes a good fit for people who are willing to pay an annual fee for a card with the right benefits but want to test it before agreeing to pay a fee. A rewards program is included that allows you to convert your purchases into travel, gifts, or other perks.

What are the relevant APRs?

Chase Sapphire Preferred has a variable purchase APR that ranges from 17.49% up to 24.49%.

The card has a variable balance transfer APR that ranges from 17.49% up to 24.49%.

It also has a variable cash advance APR starting at 26.49%.

Is an introductory APR offer available?

No, Chase Sapphire Preferred does not come with an introductory APR offer for balance transfers.

Chase Sapphire Preferred does not offer an introductory rate on new purchases.

What are the fees?

The following fees apply to Chase Sapphire Preferred:

• An annual fee of $95. Make sure the rewards and benefits of this card justify the cost of the annual fee.
• A late payment penalty of up to $37.
• Chase Sapphire Preferred does not charge a returned payment fee.
• There are no foreign transaction fees.

Is a rewards program offered?

Chase Sapphire Preferred offers a rewards program to its customers. This card features rewards for purchases in the following categories:

• Airfare
• Every Purchase
• Hotels
• Restaurants
• Trains, Cruises, Other Travel

Is a signup bonus offered?

Chase Sapphire Preferred doesn't offer a cash signup bonus. However, it does include a 50000 points signup bonus after spending $4000 that can be redeemed for travel, gifts, or other perks.

Is an annual loyalty bonus offered?

Chase Sapphire Preferred doesn't offer a cash loyalty bonus.

What additional benefits are offered?

 Chase Sapphire Preferred provides the following benefits:

Does Chase Sapphire Preferred report your account activity to credit bureaus?

Chase Sapphire Preferred reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.