Chase Sapphire Preferred® Card
- Best for: Travelers who take a trip or two a year, will book at least one hotel stay through Chase Travel and want strong protections without a premium fee
- What Sets It Apart: A $100 annual hotel credit that offsets the $95 fee, 1:1 transfers to 13 airline and hotel partners and primary rental car coverage
- Cost: $95 annual fee; no foreign transaction fees; 19.24% to 27.49% variable rate with no intro period; balance transfer fee 5% ($5 minimum)
- Features: 5x on Chase Travel; 3x on dining, gas stations, EV charging, vacation homes at top brands, top streaming and online grocery; 2x on other travel; 1x elsewhere; 75,000-point bonus after $5,000 in 3 months; $100 Chase Travel hotel credit each anniversary year; up to $120 for Global Entry, TSA PreCheck or NEXUS every four years; Points Boost up to 1.5x on select Chase Travel bookings; trip cancellation, trip delay, baggage delay and emergency evacuation coverage
- Pros: Hotel credit covers the fee; primary rental coverage; broad 3x categories; 1:1 transfers to most partners
- Cons: No intro rate; 10% anniversary bonus discontinued for new applicants; Hyatt transfers at 4:3; credit and 5x need Chase Travel bookings
Get the Chase Sapphire Preferred® Card if you’ll book at least one hotel stay a year through Chase Travel, because that $100 credit alone cancels the $95 fee and everything else is upside. Skip it if your travel is rare or domestic and you’d never transfer points. A no-fee Chase Freedom card covers dining just as well.
Chase Sapphire Preferred is the $95 travel card Chase rebuilt in June 2026 around credits an everyday traveler will use. It suits anyone who takes a trip or two a year and wants real protection abroad without a premium fee.
Key Features
- $95 annual fee, no foreign transaction fees, and a 19.24% to 27.49% variable rate with no intro period
- 5x on Chase Travel, 3x on dining, gas, EV charging, vacation homes at top brands, streaming and online grocery, 2x on other travel, 1x on the rest
- 75,000 points after $5,000 in purchases in the first 3 months
- $100 hotel credit each anniversary year on Chase Travel stays, plus up to $120 every four years for Global Entry, TSA PreCheck or NEXUS
- Points Boost offers stretch select Chase Travel hotels and flights to as much as 1.5 cents a point
Pros
- The $100 hotel credit alone covers the fee if you’d book one Chase Travel stay a year anyway
- Primary rental car coverage, trip cancellation up to $10,000 per traveler and trip delay reimbursement up to $500
- 3x now reaches gas stations, EV charging and vacation homes at top brands like Airbnb and Vrbo
- 1:1 transfers to 13 of its 14 airline and hotel partners, United, Southwest and Marriott among them
Cons
- No intro rate, so a carried balance costs 19.24% or more from day one
- New applicants get no 10% anniversary bonus, and World of Hyatt transfers now run 4:3 instead of 1:1
- The hotel credit and the 5x rate need Chase Travel bookings, so a room booked direct earns 2x and no credit
- A point is worth a cent as cash, so the 75,000-point bonus is $750 unless a transfer or a Points Boost offer stretches it
Pay the $95 if you’ll book one Chase Travel hotel stay a year and travel abroad, where you skip the 3% foreign fee the Freedom cards charge and get primary rental coverage. If your travel is a domestic weekend or two and you mostly want the 3x on dining, Chase Freedom Unlimited pays 3% there with no fee.
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