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The Chase Sapphire Preferred Review (Updated 2024)

The Chase Sapphire Preferred Card held up before a leafy plant with buildings seen through the window in the background

Posted: 1/14/2024 | January 14th, 2024

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Since its launch in 2009, the card_name has been winning awards for being one of the best travel rewards card.

And for good reason – you can’t really go wrong with this card. It always has a solid welcome offer, great ongoing rewards rates, valuable transferrable points, and a host of perks, such as comprehensive travel insurance.

Unlike a lot of travel cards, which continue to roll back benefits and increase annual fees, the Chase Sapphire Preferred continues to get better with age. Over the years, Chase has increased some of its earning categories and added perks to the card, all without upping the annual fee.

Because of all this, the Chase Sapphire Preferred remains one of my favorite travel cards, especially if you’re looking for your first travel rewards card. I use it often.

Today, I want to share a bit more about it so you can determine whether it’s the right card for you!

 

What is the Chase Sapphire Preferred?

The card_name (often referred to as CSP) is a travel rewards card issued by Chase. The card comes with a $95 USD annual fee and a host of benefits.

When you sign for this card, you’ll get:

  • 60,000 points after you spend $4,000 in the first three months
  • 2x points on travel purchases
  • 3x points on restaurants, online grocery purchases, and select streaming services
  • 5x points on travel purchased through the Chase travel portal
  • 5x points on Lyft
  • 10% anniversary points boost (earn bonus points equal to 10% of your total purchases made the previous year)
  • Free DoorDash DashPass subscription for one year
  • Free Instacart+ membership for six months
  • $50 Annual Ultimate Rewards Hotel Credit
  • No foreign transaction fees

 

Using Your Chase Ultimate Rewards® Points

With this card, you’ll earn Chase Ultimate Rewards® points. You can use those points like you would any other rewards program: to get cash back, book travel directly, or transfer them to travel partners. (You can also redeem them for Amazon or Apple purchases, but these are bad redemption values and I would not recommend using points this way.)

The easiest option is to redeem your points for travel in the Chase Travel portal, which works like booking through Expedia or any other online travel agency. When you do this, you’re basically using your points as cash, at a value…

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