Chase Sapphire Preferred® Card

Chase Sapphire Preferred: every perk, verified and dated

Every benefit below is checked against Chase's own product page, dated, and never shaped by affiliate revenue. We take no commissions, so the math has no reason to flatter the card.

Benefit data is extracted from Chase's own published pages by our automated pipeline; all line items trace to the Chase Sapphire Preferred card page (creditcards.chase.com/rewards-credit-cards/sapphire/preferred). Dates reflect pipeline runs, not same-day human checks. By O.B., Founder.

Is it actually worth $95? Find yourself below.

The annual fee is $95. Unlike a credits-heavy premium card, the Sapphire Preferred's value comes from a small number of easy credits plus a points engine on travel and dining. Whether it pays off depends far less on coupon discipline and far more on whether you book travel through Chase and spend in its bonus categories. Here's the honest math for three kinds of cardholder.

The credits-and-DoorDash cardholder

Two benefits return real dollars with almost no effort. The $50 Annual Chase Travel Hotel Credit applies automatically to a hotel booked through Chase Travel, and the DoorDash benefit includes a $10 monthly promo ($120/year) plus a complimentary DashPass membership. If you book even one hotel a year through Chase and use the monthly DoorDash promos, that's $50 + $120 = $170 in credits against the $95 fee — a net of +$75 a year before earning a single point. We don't bank the DashPass dollar value ($120) because it only matters if you'd order delivery anyway.

Credits used in full: +$75/year net, before points.

The travel-and-dining spender

The card earns 5x on travel booked through Chase Travel, 3x on dining, 3x on online groceries (excluding Target, Walmart and wholesale clubs) and select streaming, 2x on all other travel, and 1x elsewhere — plus a 10% anniversary points bonus on the prior year's spend. We don't put a single dollar figure on the earn rate because it depends on spend and how you redeem, but for context: $1,000/month on dining alone is 36,000 points a year at 3x, and points transfer 1:1 to partners like Hyatt, United and Southwest. Stack that on the +$75 credit math and the card clears its fee comfortably for anyone who travels and eats out.

Travel-and-dining spender: +$75 on credits, with 5x/3x points as additional return.

The set-and-forget cardholder

If you never book hotels through Chase Travel and don't order DoorDash, the two easy credits go uncaptured. You're left with the points engine and the travel protections — valuable if you put real spend on the card, but if it mostly sits in a drawer you're paying $95 for protections you rarely trigger. The Sapphire Preferred rewards using it, not holding it.

Holder who won't use the credits or categories: roughly −$95/year.

The dollar credits, checked against Chase's own page

These are the benefits that return a fixed dollar value, rendered straight from our verified data. Each links to the issuer's own page. The two easy credits sum to $170/year against the $95 fee.

* Conditional — DashPass only returns value if you'd order delivery anyway, so it's not included in the $170 easy-credit total or the persona math.

Points and earn rates (value depends on spend)

These earn Chase Ultimate Rewards points rather than a fixed credit, so their value depends on how much you spend and how you redeem. We list the verified rates without inventing a dollar figure.

Protections and perks (included, no dollar credit)

These come with the card but carry no fixed statement-credit value, so they're not in the dollar math above. Each still links to Chase's own page.

The gotchas — what the headline value hides

• The $50 hotel credit only works through Chase Travel. It applies to a hotel booked in the Chase Travel portal — not to a hotel you book directly or through another site. If you never use the portal, the credit is worth $0.
• DoorDash promos are use-it-or-lose-it. The $10 monthly promo doesn't roll over, and the DoorDash benefits are scheduled to run only through December 31, 2027. Miss a month and that $10 is gone.
• 5x travel is Chase-Travel-only. The headline 5x rate applies to travel booked through Chase Travel; travel booked elsewhere earns 2x. The two are easy to confuse.
• 3x groceries excludes the big stores. Online grocery earns 3x, but Target, Walmart and wholesale clubs are explicitly excluded — exactly where many people buy groceries.
• Point value is not guaranteed. Ultimate Rewards points are worth more transferred to travel partners than redeemed for cash; a casual redeemer may get far less than the "5x" headline implies.

What we left out of the tables — and why

• The welcome offer. Chase Sapphire Preferred runs a points welcome bonus for new cardholders with a minimum-spend requirement. Because welcome offers change without notice, we don't put a dollar figure on it or treat it as a verified line — check Chase's current terms at the time you'd apply.
• A single dollar value for points. Ultimate Rewards points transfer to airline and hotel partners at rates that swing widely; any one valuation would be a guess, so we describe the earn rates instead.
• Promotional category multipliers (Peloton, Lyft). These are real but time-limited (current end dates noted in the table) and narrow, so we don't fold them into the worth-it math.

How we built this page

Every benefit above is extracted from Chase's own published Sapphire Preferred pages by our automated pipeline, stored with its source link, and dated. We take no affiliate commissions and link to no application offers, so nothing on this page is shaped by what pays us — because nothing does. If a number here is wrong, it's because Chase changed their page or our pipeline misread it; either way, our methodology explains how to check, and the source links let you verify every line yourself.