Chase Sapphire Preferred
ChaseQuick Answer
The Chase Sapphire Preferred is the best travel rewards card under $100 per year. With a 60,000-point bonus, 3x on dining, 2x on travel, and robust trip protection, it outperforms every other mid-range travel card on the market.
The Chase Sapphire Preferred Card is widely regarded as the best mid-tier travel rewards card on the market. It offers a competitive 60,000-point welcome bonus after spending $4,000 in the first three months — worth $750 when redeemed through Chase Travel. Points transfer at a 1:1 ratio to premier partners like United Airlines, Southwest, British Airways, Hyatt, Marriott, and more. This card is built for travelers who want premium rewards without a premium annual fee. At $95 per year, the Sapphire Preferred delivers 3x points on dining (including takeout and delivery), 2x on all travel purchases, and 5x on Lyft rides. It also includes valuable protections like trip cancellation insurance, trip delay reimbursement, baggage delay insurance, and primary rental car coverage — benefits normally found on cards with $500+ annual fees. Compared to competitors like the Capital One Venture Rewards and Citi Premier, the Sapphire Preferred stands out for its exceptional transfer partner network and comprehensive travel protections. It pairs exceptionally well with the Chase Freedom Unlimited and Chase Freedom Flex, allowing you to combine points across accounts for faster redemptions. If you take one or two trips per year and want a card that maximizes value without breaking the bank on annual fees, this is the clear winner.
Key Details
Key Features
- •60,000-point welcome bonus after $4,000 spend in first 3 months
- •3x points on dining, 2x on travel, 1x on everything else
- •5x points on Lyft rides and 5x on travel booked through Chase
- •Primary rental car collision damage coverage worldwide
- •No foreign transaction fees and Chip+PIN enabled
Pros
- +Excellent 60,000-point welcome bonus worth $750 through Chase Travel
- +Points transfer at 1:1 to 14+ airline and hotel partners including Hyatt, United, and Southwest
- +Primary rental car insurance and comprehensive trip cancellation coverage included
- +Earns 3x on dining and 2x on travel with no spending cap
Cons
- −$95 annual fee with no first-year waiver for new applicants
- −No airport lounge access — you need the Sapphire Reserve for that
- −Only 1x points on non-bonus category spending like groceries and gas
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Is Chase Sapphire Preferred right for me?
The Chase Sapphire Preferred is the best travel rewards card under $100 per year. With a 60,000-point bonus, 3x on dining, 2x on travel, and robust trip protection, it outperforms every other mid-range travel card on the market.
What are the pros of Chase Sapphire Preferred?
Pros: Excellent 60,000-point welcome bonus worth $750 through Chase Travel, Points transfer at 1:1 to 14+ airline and hotel partners including Hyatt, United, and Southwest, Primary rental car insurance and comprehensive trip cancellation coverage included.
What are the cons of Chase Sapphire Preferred?
Cons: $95 annual fee with no first-year waiver for new applicants, No airport lounge access — you need the Sapphire Reserve for that, Only 1x points on non-bonus category spending like groceries and gas.
Reviewed by Finatune · Last updated 2026-10-23