The Chase Sapphire Preferred® Card comes with a generous sign-up bonus and an exceptional rewards proposition—especially when you consider its $95 annual fee. Several cardholder perks can also make life more convenient or affordable, including this card’s DashPass membership, $50 annual hotel stay credit, trip interruption and cancellation insurance benefit and the fact that you get purchase protection worth up to $500 per claim and up to $50,000 per account.
This rewards credit card also offers bonus rewards in quite a few everyday spending categories, including dining, travel, online grocery services, select streaming services and more. Cardholders also earn bonus points on Lyft rides, which we go over in more detail below.
As a reminder: Details of the Chase Sapphire Preferred
Be sure to note the major details of the Chase Sapphire Preferred before you sign up, including the sign-up bonus, rewards rate, annual fee and interest rate.
Also, know that points earned with this card fall within the Chase Ultimate Rewards program, which is known for its flexibility. Cardholders can use their points for cash back, statement credits, gift cards, merchandise, travel through Chase and even 1:1 point transfers to Chase airline and hotel partners.
Chase Sapphire Preferred
- Earn 60,000 bonus points after you spend $4,000 on purchases within three months of account opening
- Earn 5X points on travel booked through Chase Ultimate Rewards and on Lyft rides (Lyft offer available through March 2022)
- Earn 3X points on dining, online grocery purchases (excluding Walmart, Target and wholesale clubs) and select streaming services, 2X points general travel and 1X points on everything else
- Cardholders get 25 percent more value for their points when they redeem for travel through Chase Ultimate Rewards
- $95 annual fee
- Variable APR of 15.99 percent to 22.99 percent
Chase Sapphire Preferred Lyft benefits
In addition to the generous rewards the Chase Sapphire Preferred offers in several…