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  Chase Sapphire Preferred

Chase Sapphire Preferred

in Personal Credit Cards from Chase Bank

Claimed

Chase Sapphire Preferred

Claimed

in Personal Credit Cards from Chase Bank

SuperMoney Net Recommendation Score +62%

SUPERMONEY NET RECOMMENDATION SCORE

+62%

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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

8 users recommend
5 users are unsure
0 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 15.99% - 22.99%
Balance Transfer APR  (Variable APR) 15.99% - 22.99%
Credit Score Range 700 - 850
Annual Fee $95
Number of Reviews 13

Chase Sapphire Preferred Review

Chase Sapphire Preferred is a rewards credit card issued by Chase Bank. If you're wondering whether Chase Sapphire Preferred is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Earn 1 point for every dollar spent on everyday purchases. Terms and conditions apply.
  • Signup bonus. Offers a signup bonus of 60000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Chase Sapphire Preferred has a variable purchase APR that ranges from 15.99% up to 22.99%.
  • Annual fee waived the first year. Chase Sapphire Preferred gives you the chance to have the card for a year without paying the $95 annual fee.
  • 5% Balance transfer fee. Chase Sapphire Preferred charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $5.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as purchase protection, and fraud protection.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.
Chase Sapphire Preferred Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Annual fee waived during the first year.
  • Multiple credit card perks.
  • No foreign transaction fee.
  • Cardholders can earn rewards on every purchase.
  • Earn rewards on every purchase.
  • Chase Sapphire Preferred reports to multiple credit bureaus.
  • Cardholders can earn rewards on their purchases.
  • Requires good to excellent credit.
  • Charges an annual fee of $95
  • Charges a 5% balance transfer fee.
Chase Sapphire Preferred FAQ

Is there a Chase Sapphire Preferred cash back or rewards program?

Chase Sapphire Preferred offers a rewards program to its customers.

Chase Sapphire Preferred Rewards
Rewards rate (all purchases) 1%
Max rewards rate 2%
Annual rewards limit N/A
Signup Bonus ($) N/A
Signup Bonus (Points/Miles) 60000
Signup Bonus Spend Requirement $4000
Signup Bonus Spend Period (months) 3 months

Does Chase Sapphire Preferred have a signup bonus?

Chase Sapphire Preferred doesn't offer a cash signup bonus. However, it does include a 60000 points signup bonus after spending $4000 that can be redeemed for travel, gifts, or other perks.

Does Chase Sapphire Preferred offer an annual loyalty bonus?

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

What are the Chase Sapphire Preferred benefits?

Chase Sapphire Preferred provides the following benefits:

  • No blackout dates when redeeming miles
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for Chase Sapphire Preferred?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Chase Sapphire Preferred has lower than average purchase APRs.

Chase Sapphire Preferred has a variable purchase APR that ranges from 15.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 22.99%. It also has a variable cash advance APR of 24.99% .

Does Chase Sapphire Preferred have an introductory APR offer on balance transfers?

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

Does Chase Sapphire Preferred have an introductory APR offer on new purchases?

Chase Sapphire Preferred does not offer an introductory rate on new purchases.
Chase Sapphire Preferred Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the fees for Chase Sapphire Preferred?

The following fees apply to Chase Sapphire Preferred:

Chase Sapphire Preferred Fees
Fees Amount
Annual Fee $95
Foreign Transaction Fee 0%
Returned Payment Fee up to $39
Late Payment Fee up to $39

Does Chase Sapphire Preferred have a foreign transaction fee?

Chase Sapphire Preferred does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

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 on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Chase Sapphire Preferred

  • Visit the Chase Sapphire Preferred website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Airfare (Points) 2
Every Purchase (Points) Earn 1 point per dollar spent on all other purchases.
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee  
No Annual Fee First Year  
No Interest Grace Period for Late Payment 21 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Annual Fee $95
Returned Payment Fee Up to $39
Late Fee Amount Up to $39
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
  • Trip Cancellation Insurance
Bonus Rewards 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. hat's $750 toward travel when redeemed through Chase Ultimate Rewards.
No Reward Expiration Period  
No Blackout Dates  
Rewards Rates
  • Airfare
  • Every Purchase
  • Hotels
  • Restaurants
  • Travel
Signup Bonus (points) 60,000
Rewards Type Points
Cash Advance APR (Variable APR) 24.99%
Balance Computation daily balance method (including new transactions).
Purchase APR (Variable APR) 15.99% - 22.99%
Balance Transfer APR (Variable APR) 15.99% - 22.99%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 5%

Chase Sapphire Preferred Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+62%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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