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Who is the Chase Sapphire Preferred Card Designed For?

The Chase Sapphire Preferred Card is designed for frequent travelers with excellent credit. The Sapphire Preferred has both a large signup bonus and a generous rewards program. There is a hefty annual fee to consider, but it's waived the first year and the card's many benefits and perks more than justify it.

What are Chase's Sapphire Preferred Card Interest Rates?

Interest rates for the Chase Sapphire Preferred Card are based on 3.25% above prime rate. As of October 2016, this means an APR of 16.24% to 23.24% for purchases and balance transfers. Cash advances have an APR of 24.99%.

Notice that the 15-month 0% APR intro rate is no longer available. However, this offer – or similar ones – do pop up from time to time.

What Are the Fees for the Chase Sapphire Preferred Card?

The Chase Sapphire Preferred Card has a $95 annual fee, which is waived the first year. Thera are no foreign transaction fees, a must for any travel credit card worth its salt. There is, however, a 3% balance transfer fee ($5 minimum) and a 5% cash advance fee ($10 minimum). Late payment incur fees ranging from $15 to $35 depending on whether the balance is less than $100, less than $250, or more than $250. The return payment fee is $35.

What Is Chase's Sapphire Preferred Card Rewards Program Like?

Chase uses Ultimate Rewards as its rewards program. As you would expect from a travel rewards card, the program is geared toward travelers and foodies. You get double points on dining and travel expenses, plus a 20% discount when you use points to make travel purchases on Chase's Ultimate Rewards program.

A special perk of the Ultimate Rewards program is that you can connect it to your Amazon account and make purchases with a 1:1 equivalency of points to cents. Points can also be transferred to participating frequent travel programs, such as British Airways Executive Club, Korean Air SKYPASS, United MileagePlus, and Marriot Rewards.

What about the Chase Sapphire Preferred Card Signup Bonus?

Chase Sapphire Preferred has a generous 50,000 points signup bonus for new customers. That is the equivalent of $500, when you take into account the 20% discount. To qualify you must spend $4,000 on credit card purchases during the first three months from opening your account. Balance transfers, cash advances and purchasing traveler checks do not qualify as purchases.

Does the Chase Sapphire Preferred Card Have Any Other Benefits?

Chase's Sapphire Preferred offers its cardholders prime travel and shopping benefits. These include trip cancellation insurance (up to $10,000), auto rental collision damage waiver, travel accident insurance (up to $500,000), travel and emergency assistance services, lost luggage reimbursement (up to $3,000), trip delay reimbursement (up to $500 per ticket) and baggage delay insurance (up to $500). It also provides extended warranty protection, price protection, return protection and purchase protection, which covers new purchases against theft and damage for four months (up to $500 per claim).

How Is Chase Sapphire Preferred Card Better Than Other Credit Cards?

The Chase Sapphire Preferred Card is simply one of the best prime travel credit cards available in 2015. It has a generous and flexible rewards program that allows cardholders to build up points quickly and provides multiple ways of redeeming points. There is a 1:1 cash-back equivalency on Amazon and you can transfer points to other reward programs. It has all the travel and shopping benefits (and more) you would expect from a prime travel card and still manages to squeeze in a 40,000-point signup bonus

The only catch is that it has a $95 annual fee starting from the second year and requires applicants to have excellent credit. However, if you are a frequent traveler and meet its stringent credit requirements, you should consider applying for the Chase Sapphire Preferred Card.

  • Card Type
    Travel Rewards
  • Customer Type
    Personal
  • Card Network
    Visa
  • Minimum Age
    18
  • Co-signing Allowed
  • Grace Period / Deferred Interest
    21
  • Late Payment Penalty
    $37
  • Returned Payment Fee
    $37
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Free FICO Score
  • Lost Luggage Insurance
  • Travel Insurance
  • Air Miles
  • Cashback
  • Points
  • Purchases APR
    16.24% - 23.24%
  • Transfer Fee
    5% ($5 minimum)
  • Balance Transfer APR
    16.24% - 23.24%
js-table-filter bizname-chase-sapphire-preferred-card
js-table-filter airlines-140
95
js-table-filter ccard-type-223
js-table-filter ccard-type-136
js-table-filter cashback-135
js-table-filter points-137
16.24
js-table-filter restaurants-142
js-table-filter travel-143
0
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1877

  • Airlines
  • Cashback
  • Points
  • Restaurants
  • Travel
  • No Annual Fee First Year
  • No Foreign Transaction Fee
Annual Fee $95
Card Type Travel
Card Type Rewards
Purchases APR 16.24%
Balance Transfer APR 16.24%
194
js-table-filter bizname-chase-slate
0
js-table-filter ccard-type-137
js-table-filter free-fico-score-575
13.24
0
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1982

  • Free FICO Score
  • No Annual Fee
  • 0% Introductory APR
Card Type Balance Transfer
Purchases APR 13.24%
Balance Transfer APR 13.24%
Intro APR period (months) 15
187
js-table-filter bizname-chase-freedom
0
js-table-filter ccard-type-222
js-table-filter ccard-type-136
js-table-filter cashback-135
js-table-filter every-purchase-138
js-table-filter gas-139
js-table-filter groceries-141
13.99
js-table-filter restaurants-142
0
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1982

  • Cashback
  • Every Purchase
  • Gas
  • Groceries
  • Restaurants
  • No Annual Fee
  • 0% Introductory APR
Card Type Cash Back
Card Type Rewards
Purchases APR 13.99%
Balance Transfer APR 14.24%
Intro APR period (months) 15
188
js-table-filter bizname-united-mileageplus-explorer
js-table-filter air-miles-136
js-table-filter airlines-140
98
js-table-filter ccard-type-137
js-table-filter ccard-type-136
15.99
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1926

  • Air Miles
  • Airlines
  • No Annual Fee First Year
  • No Foreign Transaction Fee
Annual Fee $98
Card Type Balance Transfer
Card Type Rewards
Purchases APR 15.99%
Balance Transfer APR 15.99% APR%
006
js-table-filter bizname-chase-freedom-unlimited-sm
0
js-table-filter ccard-type-222
js-table-filter ccard-type-136
js-table-filter cashback-135
js-table-filter every-purchase-138
14.24
js-table-filter travel-143
0
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter credit-required-114
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Cashback
  • Every Purchase
  • Travel
  • No Annual Fee
  • 0% Introductory APR
Card Type Cash Back
Card Type Rewards
Purchases APR 14.24%
Balance Transfer APR 14.24%
Intro APR period (months) 15
106
js-table-filter bizname-marriot-rewards-premier-credit-card
js-table-filter airlines-140
85
js-table-filter ccard-type-223
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter points-137
16.24
js-table-filter travel-143
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Airlines
  • Every Purchase
  • Points
  • Travel
  • No Foreign Transaction Fee
Annual Fee $85
Card Type Travel
Card Type Rewards
Purchases APR 16.24%
Balance Transfer APR 16.24%
006
js-table-filter bizname-chase-sapphire-reserve
js-table-filter airlines-140
450
js-table-filter ccard-type-223
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter points-137
16.24
js-table-filter restaurants-142
js-table-filter travel-143
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Airlines
  • Every Purchase
  • Points
  • Restaurants
  • Travel
  • No Foreign Transaction Fee
Annual Fee $450
Card Type Travel
Card Type Rewards
Purchases APR 16.24%
Balance Transfer APR 16.24%
006
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0 votes

Seems to me that Chase Sapphire Preferred is THE card to have if you travel or even just do a lot of dining. I highly recommend this card.


0 votes

This is the best card in my wallet! It offers me all the rewards I could ask for and has low rates and great other features as well. I use this card for all of my spending needs.


0 votes

I've had this card for a good year and have loved it, but I'm a little concerned that it won't be the great card it once was at the end of this year. They aren't going to be giving the 7% dividend they've been giving and they aren't going to be giving points for booking through their system, so we'll see how it all plays out.


0 votes

Great card for travelers, but I would suggest getting a more versatile card if you only travel sometimes. This card is all about travel rewards and nothing else, so no reason to get it other than that. There isn't an annual membership fee, which is good, and the current APR is 15.99%, which is prettty good.


1 votes

Spend only 4k on your credit card in the first three months and say hello to lots of bonus points. I pulled it off and was able to really rack up the points. There is an annual fee that can be a little annoying, but other than that I'm really liking this card.


1 votes

Smooth and easy application process that lead to me getting approved for a $5,000 credit limit. I'm excited, because I'm going away this coming summer overseas and will be using the card. In the meantime, I'm using it to spend, especially on dining, so I can get enough points to qualify for the 40,000 mileage points when you spend $4,000. Those points will really come in handy on my trip.


0 votes

I'd heard great things about this card and have not been disappointed. I got the 40,000 points and am totally stoked about that! I also enjoy all of the points I get when I dine and when I use the card for travel. This is truly a must-have card for travelers. You do need good credit, though.


0 votes

I was originally denied for this card but then I decided to try the reconsideration line to see if they would reconsider. They did when I explained that though I travel, the primary reason I got this card now is the 15 months with no interest charged. I plan to transfer some high interest stuff to this card so I can finally get a handle on my credit cards.


0 votes

After having my credit card stolen on my last overseas trip a few years ago, I'm really cautious nowadays when I travel. This card is a great travel buddy. Not only does it have more perks for travel than I've ever seen in one card, I love the embedded chip that makes it so much safer than before.


0 votes

I like the fact that this card gives you free travel insurance. If you travel all of the time like I do, you'll know what I'm talking about. I've had to use travel insurance once before. It's been awhile, but I feel good about getting the insurance, which means one less thing for me to hopefully not worry about.


0 votes

This card saved me so much money thanks to the $10,000 trip cancellation insurance! I never thought I would ever cancel a trip, but I had a family emergency and had to, and this card came through in shining colors! I was so relieved to know that I wouldn't have to foot the bill for a trip I never took!


0 votes

Oh, how refreshing to get a real live person on the phone when you call for assitance! I was having some trouble figuring out a rewards issue with my card. It wasn't an easy question, so I decided to just call and explain my problem. I was shocked when it only took one explanation of my problem and they got it all worked out to my satisfaction.


0 votes

I travel a ton and have looked at a lot of the travel cards and this and another one are the two I have in my wallet. The introductor 40k in mileage bonus you get at the beginning is great. Combine that with the fact that there is no annual fee or foreign transaction fees and you've got a winner of a card. Not to mention there are no blackout dates when you go to plan your travel.


0 votes

I've been enjoying this card for a few months now, and am really happy after finding out today that they also don't have any foreign transcation fees! I'll be going to Europe in the summer and I will be using this card a lot! My other cards all have transaction fees overseas.


0 votes

If you have an authorized user you can add to this card within the first three months, you can really sweeten the deal on this one. It means you get 5,000 in additional points. This is on top of all the other great perks you get from having this card. I would recommend it to anyone who travels.


0 votes

The signup bonus of 40,000 points and the 5,000 you get for signing on another user added up to enough points to get me a trip to see my mother, which is fantastic. I can already tell that I'm going to like the perks of this card, as the rewards have been great, as has the customer service.


0 votes

I use the points transfer to travel awards feature of this card all of the time. I have British Airways and Amtrak guest affiliations, so pooling them with this card has ended up in me saving a lot of sweet money, not to mention all of the cool places I can go to.


0 votes

Seems to me that Chase Sapphire Preferred is THE card to have if you travel or even just do a lot of dining. The travel perks are spectacular and even customer service is good. I've only had to call in once, but when I did I got the royal treatment. I'm happy that I'm a card holder with this one.


0 votes

I got this card last year and have loved it. Good APR, nice credit limit, and I've earned a lot of points. I also took advantage of the zero percent interest rate for the first 15 months, which allowed me to pay off a big balance on a bad card.


0 votes

There are a lot of perks to this card. There is an annual fee, but I think it's worth it for what you get. The points add up quickly and enable you to get something really nice really fast or just opt for cash. You get points when you dine at restaurants as well as travel.


0 votes

High class card! Spend just $4,000 in first three months and you essentially get $500 of that back when they reward you with 40,000 points. I did this and then am now. Then I traveled the points to my Frequent Flier account, and I have enough money for a round trip ticket across the country!


0 votes

Great card for travelers. No foreign transaction fee--and you get a big influx of points--40,000, when you spend 4,000 in the first three months. I also like the zero percent introductory rate. I was able to make a few big purchases with this benefit.


0 votes

Love this card! The no foreign transaction fee is a must for me, and this card has that. There is no annual fee the first year, but there is a $95 fee after the first year. Given the generous rewards program, however, you can easily earn that much back in the first year.


0 votes

You can do a points transfer to other points programs, so I've taken advantage of this to pool points on a number of occasions. I also like the really reasonable interest rate. I don't know that you're going to get all of these perks with many other cards.

0 votes

This card comes with a great rewards program. After you spend $3,000 in the first 3 months, you get 40,000 points which translates into about $500 towards airfare or hotels. I'm planning a trip next year and I will certainly take advantage of the benefit. If you don't want the mileages, you could convert it into cash and get $500. The only downside is that after the first year, the card charges an annual fee of $95.


0 votes

Before you go and apply to this card thinking it's a great one for travel, stop and note that not all frequent flier programs are attached to this card. So if you have American Airlines Frequent Flier, you wo't be able tto transfer any points to them. I didn't realize until it was too late. :(


0 votes

When you travel a lot, you know how important no blackout dates on a travel rewards credit card is. I've had cards with so many blackout dates that they were useless--and I didn't even manage to use the points! Instead I just closed the card. This card allows you to plan your trip for when YOU want.


0 votes

As a traveler and frequent diner, I use this card a lot and really enjoy getting the double points for using the card for those types of purchases. The card works well for traveling, too, as there are no foreign transaction fees. You do need a fairly good credit score to get a card, though. My credit score is 765 and I got a pretty good APR--at 14.99%.


0 votes

With a credit score of 700, I wasn't sure if I was going to qualify for the Chase Sapphire card, but I really wanted it! I did qualify, and with an APR that I thought was great---15.99%! I am now working on spending the $4,000 you need to spend in the first 90 days in order to get the 40,000 mileage points.


0 votes

I do a lot of traveling, so when I heard about this card and its many travel perks, I applied and luckly got accepted. The travel perks live up to their reputation. You get 20% off a lot of travel expenses and there is no foreign transaction fee. This last thing is huge when you do a lot of spending in foreign locales like I do!


0 votes

I love this card now that I've finally gotten it--but it took a few tries at applying before I did get the card. I applied twice before getting it. The first time they didn't really have a good reason I could understand. The second time it was because I had too many hard inquiries recently. I waited 9 months and tried again and got the card, with a good CL, too!


0 votes

Athough this card is called the preferred card, I don't think you have to have a super high credfit score to get the card. I have an average of a 750 score and they gave me a card with a pretty high credit limit. The APR isn't bad, either.


0 votes

As long as there's a seat on the Chase Ultimate Rewards. you get the flight time and date you want. If you've ever worked with rewards programs, you know that this is relatively unheard of. Usually there are so many hoops to jump through that you just give up and buy a ticket instead. Not with Chase Sapphire.


0 votes

The signup bonus of 40,000 points is really generous. You just have to spend 4,000 in the first three months on the card. If you buy things through their ultimate rewards program, this amounts to a whopping $500 in purchases! Also, no foreign transaction fee!


0 votes

The 20 percent off when you use the rewards program to redeem your points is awesome! I have saved a bundle since I got this card, and I should know because my business is such that I have to travel a lot. I own my business, though, so I am responsble for paying for travel. I like paying 20 percent less.


0 votes

Love how you can transfer the points you earn to frequent flier programs at face value. This is so much better than some plans where they end up losing value when you transfer. The no foreign transaction fees and the fact that the card is chip enabled is also perfect for traveling.


0 votes

Great card for travelers. Spend with the card and get 2x per each $10 you spend on travel related expenses, and then 1x for the rest of things. Then transfer the rewards to your frequent flier mileage program and you're all set to go.


0 votes

Excellent card for the traveler. You get double points when you use the card to purchase travel and dining. There aren't any foreign transaction fees, which is also really great.I'm finding that the points are really adding up quickly, as well.


0 votes

Good card--especially for the first year, because you don't have to pay the $95 yearly fee. The card has no blackout dates when you try to book your travel, which is something that's worth its weight in gold. So many cards get you signed up with promises of reward points and then you find out that it's nearly impossible to use the points.

0 votes

The Chase Sapphire Preferred Card is a prime target for credit card churners. It has a big bonus reward program and no annual fee for the first year. There is also a balance transfer option if you have a credit card with a super high interest rate. But the big deal about this card is the points program. Add an authorized user; earn 5,000 bonus points. Would you rather transfer your points to miles? No problem. You get a 1 to 1 exchange of points to miles, which ... is rare. You also get 2 times the points for transactions involving dining and travel. If you redeem your points for airfare, hotels, car rentals and cruises, you automatically receive a 20 percent discount on the number of points required. There are no foreign transaction fees and the card is chip enabled for use with chip based purchases outside the United States.

The bad: other benefits are nil. The Chase Sapphire Preferred Card offers no travel insurance, no lost luggage assistance, no car rental insurance, no fraud prevention and no extended warranty protection. And there is a pricey $95 annual fee after the first year.
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