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New to Chase Sapphire Preferred? Chase Sapphire Preferred: Published Terms
PROGRAMME PROFILE
Chase Sapphire Preferred: Ultimate Rewards card
Chase Sapphire Preferred is a consumer credit card from Chase that earns Chase Ultimate Rewards points, carries a $95 annual fee and lets cardholders transfer points to a list of airline and hotel travel programmes. [1] [3] The card is issued by JPMorgan Chase Bank, N.A., and every application is subject to credit approval. [1]
Facts checked: 18 October 2026
Key takeaways
- The annual fee is $95, and the new-cardmember offer shown as of 18 October 2026 is 75,000 points after $5,000 in purchases in the first three months from account opening. [1] [2] [3]
- The card earns 5 points per $1 on Chase Travel purchases, 3 points per $1 in several everyday categories, 2 points per $1 on other travel and 1 point per $1 on everything else. [1]
- Points do not expire while the account remains open. [1]
- Points can be transferred to ten airline programmes and four hotel programmes, including United MileagePlus, Southwest Rapid Rewards and World of Hyatt. [1]
- Travel and purchase cover includes trip cancellation and interruption reimbursement of up to $10,000 per covered traveller and $20,000 per trip. [1]
How do you earn Ultimate Rewards points with Chase Sapphire Preferred?
Points are earned on purchases of products and services made with the card by the cardholder or an authorised user, minus returns and refunds. [1] The rate depends on the category the purchase falls into. [1]
| Points per $1 | Purchases |
|---|---|
| 5x | Purchases made with the card through Chase Travel [1] |
| 3x | Dining at restaurants, including takeout and eligible delivery services [1] |
| 3x | Gas stations, electric vehicle charging and vacation homes at top brands [1] |
| 3x | Top streaming services and online grocery, excluding Target, Walmart and wholesale clubs [1] |
| 2x | All other travel purchases [1] |
| 1x | All other purchases [1] |
Some travel bookings earn less than the headline rate: Chase Travel purchases made through FROSCH by Chase Travel, Valerie Wilson Travel by Chase Travel or Frosch International Travel LLC do not qualify for 5 points per $1 and instead earn 2 points per $1 as travel purchases. [1] Chase Travel hotel purchases that qualify for the $100 annual hotel credit do not earn points. [1]
Several transaction types never earn points, including balance transfers, cash advances, cash-like transactions such as travellers cheques, foreign currency, money orders, wire transfers and cryptocurrency, lottery tickets, casino gaming chips, race track wagers and similar betting transactions, person-to-person money transfers, account-funding transactions, cheques that access the account, interest, unauthorised or fraudulent charges and fees of any kind, including the annual fee. [1]
Two limited-time bonuses run on top of the base rates: 5 total points per $1 on eligible Peloton equipment and accessory purchases over $150 through 31 December 2027, and 5 total points per $1 on Lyft rides through 30 September 2027. [1] The Lyft rate covers rideshare, bike and scooter rides and subscription products bought through the Lyft app, and excludes gift cards, car rentals, vehicle service centres and miscellaneous fees. [1]
What statement credits and partner benefits come with the card?
- $100 Chase Travel Hotel Credit. A statement credit is applied automatically for hotel stays purchased through Chase Travel, up to $100 each account anniversary year; the annual period begins with the account open date and runs to the first statement date after the account anniversary, then through the 12 monthly billing cycles that follow each year. [1] The first $100 of those hotel purchases earns no points, and credits post within three business days but may take up to four weeks. [1]
- Global Entry, TSA PreCheck or NEXUS credit. One statement credit of up to $120 every four years applies after a first application fee for one of those three programmes is charged to the card; only purchases made directly with the U.S. Department of Homeland Security, an eligible partner listed on ttp.cbp.dhs.gov or an authorised enrolment provider listed on tsa.gov qualify, and applications made through third parties such as travel agencies or application assistance services do not. [1]
- Complimentary Apple TV. A year of Apple TV is included when activated by 31 December 2026, described as a value of $180. [1]
- DoorDash DashPass. Complimentary DashPass membership can be activated by 31 December 2029 and runs until 31 December 2029 or for 12 months, whichever is longer, described as a $120 value, alongside a $10 monthly promotion on one qualifying non-restaurant DoorDash order. [1]
- No foreign transaction fees. No foreign transaction fee is charged on purchases made outside the United States. [1]
What travel and purchase protections are included?
The cover below applies when the card is used for the purchase, and restrictions, limitations and exclusions apply. [1]
| Benefit | What it covers |
|---|---|
| Trip cancellation and interruption | Up to $10,000 per covered traveller and $20,000 per trip for pre-paid, non-refundable travel expenses, including passenger fares, tours and hotels [1] |
| Trip delay | Unreimbursed expenses such as meals and lodging, up to $500 per covered traveller, when common carrier travel is delayed more than 12 hours or requires an overnight stay [1] |
| Baggage delay | Up to $100 a day for up to 5 days for essentials when baggage is delayed more than 6 hours [1] |
| Lost luggage | Up to $3,000 per covered traveller to repair or replace checked or carry-on baggage lost, damaged or stolen on a covered trip [1] |
| Auto rental coverage | Primary cover up to $60,000 for theft and collision damage on most rental vehicles with an MSRP of $125,000 or less, when the rental company's collision insurance is declined and the whole rental is charged to the card [1] |
| Travel accident insurance | Up to $500,000 in accidental death or dismemberment cover when air, bus, train or cruise transport is paid for with the card [1] |
| Emergency evacuation | Up to $100,000 for medical services and transport when illness or injury on a trip 100 miles or more from home results in an emergency evacuation [1] |
| Purchase protection | Eligible new purchases covered for 120 days against damage or theft, up to $500 per item [1] |
| Extended warranty | Adds one year to a manufacturer's U.S. warranty on eligible warranties of three years or less, up to four years from the purchase date [1] |
How do you use Ultimate Rewards points earned on Chase Sapphire Preferred?
Points do not expire as long as the account stays open. [1] Chase lists cash, gift cards, travel and paying with points for products or services made available through the programme or directly from third parties among the redemption options, and notes that redemption values for reward options vary. [1] The wider Ultimate Rewards programme also covers statement credits or direct deposits into eligible U.S. Chase accounts, Pay Yourself Back credits on eligible purchases, paying with points at Amazon.com and PayPal, Apple purchases through The Shops at Chase, and gift cards from more than 200 brands. [6]
Transferring points to travel partners is a feature of select cards, and the airline and hotel programmes below are the ones listed for this card. [1] [6]
- Airlines: Aer Lingus AerClub, Air Canada Aeroplan, British Airways Executive Club, Flying Blue (Air France KLM), Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus and Virgin Atlantic Flying Club. [1]
- Hotels: IHG Rewards Club, Marriott Bonvoy, World of Hyatt and Wyndham Rewards. [1]
Each of these is a separate loyalty programme with its own rules, so it helps to read the frequent flyer terms glossary before deciding where points should go. [1]
Exceptions and limits
- The card is unavailable to someone who already has it open, and the new-cardmember bonus may not be available to someone who previously held the card or received its bonus; Chase may also consider the number of cards opened and closed when deciding bonus eligibility. [1] Offers may vary depending on where the application is made and can change over time. [1]
- The bonus posts six to eight weeks after the qualifying purchases, and the account must be open and not in default at the time of fulfilment. [1]
- All points are lost immediately if the account status changes, or if the account is closed for programme misuse, fraudulent activity or other reasons set out in the Rewards Program Agreement. [1]
- Statement credits may be reversed if an eligible purchase is returned, cancelled or modified, or if the account is closed within 90 days of receiving the credit. [1]
- Most travel and purchase benefits are provided by unaffiliated companies that administer the benefits and claims, and specific time limits and documentation requirements apply; full details are in the Guide to Benefits issued after account opening. [1]
- New York residents get different terms: inside the United States, auto rental coverage is secondary to personal automobile insurance; lost luggage cover is limited to $2,000 per bag and $10,000 for all covered travellers per trip; and purchase protection runs for 90 days from the purchase date. [1]
Frequently asked questions
How much is the Chase Sapphire Preferred annual fee?
The annual fee is $95. [1] [3]
Do Chase Sapphire Preferred points expire?
Points do not expire while the account remains open, but all points are lost immediately if the account status changes or the account is closed for programme misuse, fraudulent activity or other reasons in the Rewards Program Agreement. [1]
Can Chase Sapphire Preferred points be transferred to airlines and hotels?
Yes. The airline programmes listed for the card are Aer Lingus AerClub, Air Canada Aeroplan, British Airways Executive Club, Flying Blue, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Rapid Rewards, United MileagePlus and Virgin Atlantic Flying Club, and the hotel programmes are IHG Rewards Club, Marriott Bonvoy, World of Hyatt and Wyndham Rewards. [1] Point transfers are offered with select Chase cards. [6]
Does the card charge foreign transaction fees?
No. No foreign transaction fee is charged on purchases made outside the United States. [1]
What welcome offer does Chase Sapphire Preferred have?
As of 18 October 2026 the listed offer is 75,000 points after $5,000 in purchases in the first three months from account opening, and offers may vary by application channel and change over time. [1] [2] [3]
Sources
Sources checked on 18 October 2026. It covers the Chase Sapphire Preferred consumer card in the United States only; other Chase Sapphire cards, Chase business cards and other Ultimate Rewards cards are not covered here.
- Chase Sapphire Preferred credit card page and offer details, checked 18 October 2026
- Chase credit card comparison page, checked 18 October 2026
- Chase Sapphire card family page, checked 18 October 2026
- Chase Ultimate Rewards redemption page, checked 18 October 2026
Chase Sapphire Preferred on Flyerfolio
Every page about Chase Sapphire Preferred, grouped by what you want to do.
Start here 2
- Chase Sapphire Preferred: Published Terms
- Start here: cards and transfersA source-based walkthrough of the card-to-partner chain for U.S. cardholders: what the card earns, how points are moved to airline and hotel programmes, transfer minimums, fees and timing, and the rules on losing points at American Express and Chase.
Programme guides 1
Tools 3
- Transfer ratio calculatorConvert points to partner miles at a ratio you enter or a sourced ratio with its official link and check date, with optional bonus and minimum block.
- Points value calculator
- Award vs cash calculatorCompare paying with points and paying cash using your own point value, including points the cash booking earns, and see the break-even value.