Chase Sapphire Preferred 2021 Review: Is It Right for You?


Top perks

100,000-point sign-up bonus

You earn 100,000 bonus points after spending $4,000 on purchases in the first three months. That’s worth $1,250 for travel when redeemed through Chase’s travel portal.

Earn up to 5 points per $1

This card earns points for a range of valuable purchases. Here are the earn rates by purchase category:

  • 5 points per $1 when using your card to book travel through the Chase Ultimate Rewards portal
  • 3 points per $1 on select streaming services
  • 3 points per $1 on online groceries. Target, Walmart, and wholesale clubs are excluded.
  • 3 points per $1 on dining, including takeout and delivery. This card used to earn 2 points per $1, so this is a notable improvement.
  • 2 points per $1 on travel. Your travel spending earns 2 points per $1 when using your card to book travel outside of the Chase Ultimate Rewards portal. There’s no cap on how many bonus points you can earn this way.
  • Outside these bonus categories, other spending earns the standard rate of 1 point per $1.
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$50 annual hotel credit for travel booked through Chase

An annual $50 hotel credit is available for hotel stays booked through the Chase Ultimate Rewards portal. New cardmembers will start earning toward this perk immediately, while current cardholders will start earning this perk after their next card anniversary.

Earn a 10% anniversary point bonus

At each cardmember anniversary, you’ll earn bonus points equal to 10% of your total purchases made in the previous year. For example, if you spend $20,000, you’ll earn an additional 2,000 bonus points.

25% points bonus

This is one of Chase’s credit cards that earns Chase Ultimate Rewards points, one of the most valuable types of travel rewards. You can redeem points toward cash travel purchases through Chase’s travel portal at a rate of $0.0125 per point.

Another option is transferring points to the loyalty program of Chase’s many airline and hotel partners. These give you a chance to make very high-value award bookings, which are a great way to maximize the value of Ultimate Rewards points.

No foreign transaction fee

Foreign transaction fees can quickly add up when whipping out credit cards for purchases abroad. The card’s foreign transaction fee is 0% — that’s a savings of $60 on $2,000 worth of international spending that would otherwise incur a typical 3% fee on many other cards.

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Consumer and travel protections

Chase’s travel insurances and consumer protections are robust when compared to other credit card issuers. They include:

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