Chase Sapphire Preferred® Card

Cardholders' Choice i
Cardholders' Choice i
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  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards    
Annual Fee:
$0 intro, $95 after first year
Purchase Intro APR:
N/A
Purchase Regular APR:
16.99% - 23.99%*
Variable
Balance Transfer Intro APR:
N/A
Balance Transfer Regular APR:
16.99% - 23.99%*
Variable

Details, Rates & Fees

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* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.

Cash Advance Rate 25.99%* Variable
Cash Advance Fee 5%, Min: $10
Late Fee See Terms*
Penalty APR None
Balance Transfer Fee 5%, Min: $5
Foreign Transaction Fee $0
Return Payment Fee See Terms*

Rewards

Welcome Bonus

Earn 50,000 points after you spend $4,000 in the first 3 months.

All Purchases

1 point per dollar

No cap on spending

Restaurants

2 points per dollar

2X points on travel and dining at restaurants

Airfare

2 points per dollar

2X points on travel and dining at restaurants


Cardholders' Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
Most Helpful Positive Review
kc10er
Approved. My story
by kc10er
Helpful to 769 out of 785

I have done your research for you. To the tune of 6 hours straight comparing two cards I thought were the best long term rewards for travel.

The Amex Everyday Premier card was my other close choice as it offers 3x points on grocery (no Wal-mart or superstores included), 2x points on gas, and 1x on all others. But, it's an Amex and has international fees and not AS widely accepted as Visa. I decided that even though I will get less points per swipe with the Chase card, I can use it anywhere and have no hidden fees or restrictions (both had the same annual fee). Amex likes to add that little  "limitations apply" star so you never know if you will have a participating merchant or not with Amex.

Next I looked at which airlines I could use the rewards. Amex has restrictions (as well as a fee capped at $99.00) for transferring points to airline miles and some are not a 1:1 ratio. For domestic flights you are limited to Delta and British Air essentially (with Virgin Atlantic and Hawaiian as skim options) for domestic flights. All other carriers with Amextravel specialize more in international flights. Chase allows use (and points transfers at 1:1) to United, Southwest, Virgin, and British Airways (which you can book American Airline flights on). Most of my discount ticket searches came up AA or United for domestic flights. So I leaned towards Chase. 

Next, I looked at hotels and cruises. Again, Chase came out on top with the partners they allow points to be used with such at Hyatt, Merriott and all IHG partners. Not that the Amex card was bad, it just didn't fit my typical travel carriers as all they offer is Hilton and Starwood. 

Now let's move to the shopping. Chase wins "hands down" on the shopping partners. The list is too extensive to name here, but most will be happy to know that once you put your Chase card into Amazon, it will link your points to Amazon and you can use them for direct checkout on Amazon's site (just like Discover card). Amex fell short by not offering any online shopping partners and specializing more on classy event discounts like the Kentucky Derby, etc.

So, let's get to the approval. CK said I had very good odds of approval with a 730 score on TU and a 732 on EF. I ran my Experian score for $1 on their site and came back with a 726. I ran my Fico on the Discover card app and it came back as a 696. Remember, a true Fico is not the same as your credit score and some lenders use a Fico instead of one credit reporting agency. While I was nervous about the Fico, I know through research that Chase pulls an Experian only report (my email alert confirmed that after the application was approved) so I applied. Keep in mind I have excellent payment history and 22 total accounts on my report so that might have something to do with the approval, I am just telling my story so you can compare your situation if you are nervous about applying. The application was simple (click the "apply now" on CK and it takes you to Chase). A few basic info things like address and phone and I was instantly approved for $13,300. Card in the mail.

I would like Chase to offer better 2x and or 3x daily rewards, but they have specials here and there from 5x up to 25x, so you need to check their site frequently and be savy. All in all, I think I will be happy and only time and redemption of points will tell if I made the right choice. Don't forget to search online for how to transfer points from Chase to airline miles, as this will bump the rewards percentage and really save you some points and cash!

In case you scrolled to the bottom here are my stats for comparison:

Approved for $13,300.

Trans Union: 730

Equifax: 732

Experian: 726

Fico: 696

Annual income: 63k

Total debt on report: 101k

Number of accounts: 22

Credit card utilization: 2% (4 cards) and I HIGHLY suggest paying off cards below 10% before applying for a high end card. CC companies REALLY look at that.

Deliquencies: 0

Derogitory marks: 1 tax lein from 2009 (paid off)

Oldest open account: 3 yrs

Average account age: 1.7 yrs

 

Hope this helps a bit.

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
Most Helpful Negative Review
Sandy77777
I lost all my points without warning!
by Sandy77777
Helpful to 193 out of 210

I wanted to give people a heads up concerning a problem I ran into with Chase.  I had a Chase Sapphire Preferred card with a large point balance.  I decided to upgrade to the Chase Sapphire Reserve card with a bigger annual fee but more perks and faster point accumulation.  However, when I closed the first Chase card I did not specifically ask for the points to be transferred to the new card nor did the Chase representative say anything about it.  The points continued to be listed in my statements and online.  Then when I went online to use the points I got an error that said to call Chase.  When I called Chase I found out that ALL MY POINTS WERE GONE DESPITE THE POINTS SHOWING AVAILABLE ONLINE.   The representative was very nice about it and put in a request to reinstate the points, but the “back office” denied it.  At no point was I given any warning.  So much for Chase Customer service!  I was devastated, there were enough points to take my whole family on an international trip. 


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† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from May 2017 through October 2017. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

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