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Chase Sapphire Preferred
Chase Sapphire Preferred is a strong $95 travel card for people who will use Chase transfer partners, the annual Chase Travel hotel credit, and the card’s broad earning categories while paying every statement in full. Chase materially changed the card on June 15, 2026: the hotel credit increased to $100, gas, EV charging, and select vacation homes joined the 3x categories, and a credit of up to $120 for Global Entry, TSA PreCheck, or NEXUS was added. The same update ended the 10% anniversary bonus for new applicants and reduced World of Hyatt transfers to 4:3 for that group. The card now offers more recurring value, but portal restrictions, changing partner economics, a $95 fee, and a 19.24%–27.49% variable APR still require a deliberate fit.
What to know about Chase Sapphire Preferred
Chase Sapphire Preferred is a strong $95 travel card for people who will use Chase transfer partners, the annual Chase Travel hotel credit, and the card’s broad earning categories while paying every statement in full. Chase materially changed the card on June 15, 2026: the hotel credit increased to $100, gas, EV charging, and select vacation homes joined the 3x categories, and a credit of up to $120 for Global Entry, TSA PreCheck, or NEXUS was added. The same update ended the 10% anniversary bonus for new applicants and reduced World of Hyatt transfers to 4:3 for that group. The card now offers more recurring value, but portal restrictions, changing partner economics, a $95 fee, and a 19.24%–27.49% variable APR still require a deliberate fit.
Pros
- $100 annual Chase Travel hotel credit against a $95 annual fee
- Strong 5x, 3x, and 2x earning categories plus travel transfers
- Primary rental coverage and a broad documented travel-protection package
Cons
- 19.24%–27.49% variable APR is costly for carried balances
- Portal inventory, Points Boost, and transfer value require comparison
- June 2026 changes removed the anniversary bonus for new applicants and reduced Hyatt transfers to 4:3
Scoring breakdown
- Rewards4.9/5
- Fees4.7/5
- APR3.6/5
- Benefits4.9/5
- Customer Service4.4/5
Verified product facts
- Annual Fee
- $95
- Rewards
- 5x Chase Travel; 3x dining, gas, EV charging, select vacation homes, eligible streaming, and online grocery; 2x other travel; 1x other purchases
- Purchase APR
- 19.24%–27.49% variable APR, based on creditworthiness
Where Chase Sapphire Preferred ranks
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Fact-checked July 18, 2026. Sources: Chase Sapphire Preferred current offer, rates, rewards, and benefit terms, Chase Sapphire Preferred current benefits overview, Chase June 2026 Sapphire Preferred relaunch and transition details, Chase Sapphire Preferred Guide to Benefits, Chase Sapphire Preferred rewards agreement, CFPB credit-card grace-period guidance, CFPB guidance on issuer changes to account and rewards terms.