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Chase Sapphire Preferred
June 2026 refresh kept the $95 fee, added 3x on gas and vacation homes, and doubled the hotel credit to $100. The catch: Hyatt transfers fall to 4:3 (only the Sapphire Reserve keeps 1:1). Still the best entry-level card for flexible travel points.
$1,533/yrest. value at typical spending
$95annual fee
$100yearly credits
−$5fee after credits
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| Category | Rate | Typical spend |
|---|---|---|
| Dining | 3x | $400/mo |
| Groceries | 3x | $600/mo |
| Flights & hotels | 5x | $300/mo |
| Rent | 1x | $2,500/mo |
| Gas & transit | 3x | $150/mo |
| Streaming | 3x | $80/mo |
| Online shopping | 1x | $200/mo |
| Everything else | 1x | $600/mo |
Rates are what our model counts per dollar. Brand-specific bonuses (like a hotel card at its own hotels) are blended, since most people don't put all category spending with one brand. Typical spending here means our quiz defaults: $4,830 a month, including $2,500 rent or mortgage. Points are valued at 1.5¢ each (travel portal redemption); transferring to airline or hotel partners can be worth more.
Rewards and perks
Points, 13 transfer partners
- 5x points on travel purchased through Chase Travel
- 3x on dining at restaurants worldwide (including takeout and eligible delivery)
- 3x on gas and EV charging (added June 2026)
- 3x on vacation home rentals such as Airbnb and Vrbo (added June 2026)
- 3x on online grocery purchases (excludes Walmart, Target, wholesale clubs)
- 3x on select streaming services (Apple Music, Disney+, Netflix, Spotify, others)
- 2x on all other travel purchases not in Chase Travel
- 1x on everything else
- $100 annual Chase Travel hotel credit (doubled from $50 in June 2026)
- Global Entry, TSA PreCheck, or NEXUS credit ($120 every 4 years)
- 10% anniversary points bonus ended with the June 2026 refresh
- Hyatt transfers drop from 1:1 to 4:3 (1,000 points = 750 Hyatt points) for new cardholders since June 15, 2026 and existing cardholders from October 1, 2026
- 5x on Lyft rides through 9/30/27, 5x on Peloton equipment $150+ through 12/31/27
- Complimentary DashPass membership (activate by 12/31/27)
- Full access to Chase Ultimate Rewards transfer partners
- Trip cancellation/interruption, baggage delay, and primary rental car coverage
- No foreign transaction fees
Transfer partners
United MileagePlusSouthwest Rapid RewardsBritish Airways AviosAir France-KLM Flying BlueSingapore KrisFlyerAir Canada AeroplanIberia PlusAer Lingus AerClubEmirates SkywardsVirgin Atlantic Flying ClubWorld of HyattMarriott BonvoyIHG One Rewards
Head-to-head
- Chase Sapphire Preferred vs Amex Gold Card
- Chase Sapphire Preferred vs Capital One Venture
- Chase Sapphire Preferred vs Citi Strata Premier
- Chase Sapphire Preferred vs Chase Sapphire Reserve
Similar cards
- Wells Fargo Autograph Journey$95 annual fee$1,184est. value/yr
- Amex Green Card$150 annual fee$1,234est. value/yr
- Hilton Honors Surpass$150 annual fee$2,332est. value/yr
- IHG One Rewards Premier$150 annual fee$1,738est. value/yr
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