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Benefits of the Chase Sapphire Preferred Card

  • The Chase Sapphire Preferred® Card comes loaded with valuable perks like an annual hotel credit, partner benefits, and a 10% anniversary points bonus.
  • It’s easy to earn and redeem rewards on the Sapphire Preferred with its high reward rate on travel and non-travel purchases.
  • The lucrative sign-up bonus of the Sapphire Preferred Card is worth $750 when redeemed through Chase Travel℠, helping to boost your reward-earning endeavors effectively.
  • This card only has a $95 annual fee, making its high-value rewards even better.

Benefits of the Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is one of the most popular travel credit cards on the market, and it’s easy to see why. With a manageable $95 annual fee, an insanely good welcome bonus, and earning potential in various categories, this card is perfect for frequent travelers and everyday spenders alike. 

This card is chock-full of high-value benefits, especially considering its affordability. Cardholders can benefit from an annual $50 hotel credit, multiple partner benefits, spectacular travel insurance protections, an anniversary points boost, and more.

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Best for flexible travel rewards

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
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Up to 5X Reward Rate

Earn 5X points on Chase Travel℠ purchases, 3X points on dining, online grocery purchases, and select streaming services, and 1X points on other purchases.

Annual Fee
$95
Welcome Offer
60,000 points
Regular APR
21.49% to 28.49% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
The Chase Sapphire Preferred Card meshes affordability with generous, flexible rewards on travel and everyday expenses. Its high-value welcome bonus, various partner benefits, and strong point redemption rate through Chase Travel help to sweeten the deal even further.

Without further ado, let’s delve into 23 key benefits of the Chase Sapphire Preferred Card.

Earning Chase Sapphire Preferred rewards

1. Welcome bonus 

Kick off your Sapphire Preferred card ownership with a bang—new cardholders can earn a generous welcome bonus of 60,000 points after they spend $4,000 in the first three months of account opening. This bonus is worth $750 when redeemed for travel through Chase Travel℠ or $600 for statement credits, gift cards, etc. 

▶︎  See our picks: Best credit card welcome offers

2. Earning rewards 

It’s easy to earn points on the Chase Sapphire Preferred Card, with earning categories ranging from travel to online grocery purchases. 

Here’s how you can make the most of your dollar:

3. 10% anniversary points

Celebrate your Chase Sapphire Preferred card anniversary with a 10% points bonus on all you’ve spent throughout the year. So if you spend $50,000, that’s an extra 5,000 points to boost your rewards balance.

4. Redeeming rewards

One of the most valuable benefits of the Chase Sapphire Preferred Card is its redemption rate on travel purchases through Chase Travel. If you use your points through the travel portal, they’ll be worth 25% more than other redemption methods. That means every point is worth 1.25 cents apiece compared to the standard 1 cent apiece.

Chase Sapphire Preferred travel benefits

5. $50 annual hotel credit

Upon being approved for the Sapphire Preferred Card, you’ll get a $50 hotel credit for reservations booked through Chase Travel. After that, you’ll get this credit every year after your account anniversary. All you have to do is make your hotel booking through the travel portal and you’ll automatically get a $50 statement credit applied to your account within a couple of billing cycles.

▶︎  See our picks: Best hotel credit cards

6. Transfer partners

Chase has a solid list of airline and hotel transfer partners, and the points you earn on the Chase Sapphire Preferred Card can be transferred at a 1:1 ratio. 

Chase transfer partners include:

Airlines:

Hotels:

7. High acceptance rate worldwide

While some cards, like American Express or Discover, have lower acceptance rates outside of the United States, the Chase Sapphire Preferred is a Visa credit card so it’s widely accepted abroad. 

▶︎  See our picks: Best credit cards for international travel

8. No foreign transaction fees

As a card with no foreign transaction fees, you can swipe your Chase Sapphire Preferred freely overseas without worrying about incurring additional charges. Although this is usually standard for travel credit cards, it’s important to double-check the fine print if you’re spending some time outside of the United States.

Chase Sapphire Preferred travel protections

▶︎  Learn more: Chase Sapphire travel insurance

9. Trip delay reimbursement

Delayed more than 12 hours or need an unexpected overnight stay? You can get reimbursed up to $500 per ticket for expenses like meals and hotels.

10. Trip cancellation and interruption insurance

Life happens. If your trip is canceled for reasons beyond your control, such as illness or severe weather, the Chase Sapphire Preferred Card may reimburse you for up to $10,000 per person and $20,000 per trip for prepaid, nonrefundable travel expenses.

Trip interruption insurance would kick in if your trip was cut short due to events like a terrorist threat at your destination or an injury that requires you to go home. This coverage is also for up to $10,000 per person and $20,000 per trip.

11. Travel accident insurance

Should the unthinkable happen, the Sapphire Preferred card offers up to $500,000 in coverage for loss of life when traveling on a common carrier, and up to $100,000 for 24-hour coverage.

If you lose a limb, your hearing, your speech, your sight or another qualifying loss, you can qualify for coverage depending on the severity of the incident. For example, if you lose a foot, you can qualify for 50% of the maximum benefit amount but if you lose a thumb and finger on the same hand, you only qualify for 25% of the maximum benefit.

12. Travel and emergency assistance

If you face an emergency while traveling, you can access legal referrals, medical referrals, or other help as needed. This benefit doesn’t cover any fees incurred from goods or services, but having assistance only a call away gives peace of mind.

13. Baggage delay insurance

If your bags don’t show up at your destination with you, you qualify for up to $100 per day in baggage delay reimbursement for up to five days to help cover purchases like new clothing and toiletries. Your baggage must be delayed for at least six hours before this coverage kicks in.

14. Lost luggage reimbursement

Lost, stolen, or damaged luggage? You can qualify for reimbursement of up to $3,000 per person. There’s a limit of $500 for jewelry and watches and $500 for electronics, including cameras. The coverage amount is determined by the cash value of your belongings and luggage.

15. Auto rental collision damage waiver

Pay for a rental car with your Chase Sapphire Preferred Card and decline rental car coverage through the car rental company. With the Sapphire Preferred, you’ll qualify for auto rental coverage typically up to the cash value of the car. Most, but not all, cars qualify so check with your program administrator to verify coverage.

16. Roadside dispatch

On a cross-country road trip when suddenly you get a flat tire or run out of gasoline? Simply call the 24-hour roadside dispatch hotline and they’ll help you out. Though the call is free, services must be paid for by the cardholder.

Chase Sapphire Preferred other benefits

17. DoorDash membership

Enjoy free deliveries and lower service fees on eligible orders with DashPass. When you activate your membership by the end of 2024 (Dec. 31, 2024), you can access complimentary DoorDash DashPass for a minimum of one year. 

18. Instacart+ membership

You can access six months of complimentary Instacart+ with your Chase Sapphire Preferred Card when activated by July 31, 2024. You can also receive up to $15 in statement credits each month, through July 2024.

19. Purchase protections

Maybe your package got stolen from your front porch or something got broken in transit. Never fear, eligible items purchased with the Sapphire Preferred card are covered against damage or theft for 120 days from the date of purchase; up to $500 per claim and $50,000 per account.

20. Extended warranty coverage

Extend the original manufacturer’s warranty by an additional year on eligible items with warranties of three years or less. This benefit covers up to $10,000 per claim, with a maximum of $50,000 per account.

22. Add authorized users

It’s free to add authorized users on the Sapphire Preferred Card and they can earn rewards at the same rate as you, helping you rack up points faster.

23. 24/7 customer service

Chase’s round-the-clock customer service ensures that help is always available for card-related questions or issues.

How to maximize Sapphire Preferred benefits

▶︎ Read more: Chase Sapphire Preferred vs. Chase Freedom unlimited and Chase Sapphire Preferred review

FAQs: Chase Sapphire Preferred benefits

What are the benefits of Chase Sapphire Preferred?

Chase Sapphire Preferred offers benefits like travel insurance protections, a DashPass membership, Instacart+, a $50 annual hotel credit, and points worth 25% more when redeemed through Chase Travel.

Do you get lounge access with Sapphire Preferred?

No. The Sapphire Preferred isn’t a card with airport lounge access.

How much are Chase Sapphire Preferred points worth?

Points earned by the Chase Sapphire Preferred Card are worth 1.25 cents each when redeemed for travel through Chase Travel and are worth 1 cent each when redeemed for statement credits, gift cards, etc.

Does the Chase Sapphire Preferred card cover Global Entry application fees?

No, the Sapphire Preferred card doesn’t offer a fee credit toward Global Entry.

Is the Chase Sapphire Preferred card worth the annual fee?

If you’re a frequent traveler who can utilize the benefits of the Sapphire Preferred, then yes, this card is well worth the annual fee!

About the Author

Jaiden Hart
Jaiden Hart Writer & Content Manager, Credit Cards

Jaiden Hart serves as a credit card writer and content manager at LA Times Compare. Beginning her career as an intern on the Compare team, she has since amassed considerable expertise and passion in the credit card industry. 

Jaiden’s primary objective is to simplify the process of choosing and managing a credit card through engaging and honest content so individuals can more effectively maximize their benefits and meet their financial goals.

About the Reviewer

Blake Esken
Blake Esken Los Angeles Times

Blake Esken has over 15 years of experience in product management and has been a member of the Los Angeles Times staff for over five years.

As part of his role at the Los Angeles Times Commerce Team, Blake acts as the in-house reviewer and fact checker for LA Times Compare. He supervises all content for compliance and accuracy and puts to use skills he has honed through years of experience managing high-stakes projects for a range of industry-leading companies.

He has a strong background in data analysis, compliance, and communication, which allows him to support LA Times Compare through fact-checking in an effort to provide up-to-date and factual information across our content.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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