Card at a glance
| Feature | Details |
|---|---|
| Annual fee | $95 |
| 5x | Chase Travel; Lyft (through Sept 30, 2027); Peloton purchases over $150 (through Dec 31, 2027) |
| 3x | Dining, streaming, online groceries, gas and EV charging, vacation homes such as Airbnb and Vrbo |
| 2x / 1x | Other travel / everything else |
| Credits | Up to $100/yr Chase Travel hotel credit; $120 Global Entry/TSA PreCheck/NEXUS credit every 4 years |
| Transfer partners | 14 (10 airlines, 4 hotels), 1:1 except Hyatt at 4:3 |
| Foreign transaction fee | None |
| Regular APR | 19.24%–27.49% variable (as of October 2026) |
| Credit needed | Good to excellent |
What the June 2026 refresh changed
Chase announced the update on June 15, 2026. Additions:
- 3x on gas and EV charging, and on vacation homes like Airbnb and Vrbo
- Annual Chase Travel hotel credit doubled from $50 to $100
- New $120 Global Entry/TSA PreCheck/NEXUS credit every four years
- New emergency evacuation and transportation coverage up to $100,000
- One year of Apple TV (activate by Dec 31, 2026) and DashPass through Dec 31, 2027
Removals:
- The 10% anniversary points bonus is discontinued for applicants from June 15, 2026
- World of Hyatt transfers dropped to 4:3 (10,000 points become 7,500 Hyatt points) — immediately for new applicants and on Oct 1, 2026 for existing cardholders
Chase and Forbes describe different start dates for the other changes for existing cardholders, so check your account to see what applies to you.
Travel protections
This is where the Preferred beats most $95 cards. It includes primary auto rental collision coverage, so you don't have to claim on your own car insurance first. It also covers trip cancellation and interruption, and now emergency evacuation. Trip delay coverage reportedly pays up to $500 after a delay of 12 hours or more, or an overnight stay — a longer wait than premium cards, which typically kick in after 6 hours.
How it compares with other $95 cards
| Sapphire Preferred | Capital One Venture | Citi Strata Premier | |
|---|---|---|---|
| Base earning | 1x | 2x | 1x |
| Top bonus categories | 5x Chase Travel; 3x dining, gas, online groceries | 5x hotels, rentals, cars via Capital One Travel | 10x hotels, cars via Citi Travel; 3x dining, supermarkets, gas, air |
| Transfer partners | 14 | 22 | Includes American AAdvantage |
| Rental coverage | Primary | Included (details vary) | Secondary in U.S., primary abroad |
| Annual credits | Up to $100 hotel; Global Entry | Up to $120 Global Entry/TSA | $100 off a $500+ hotel stay |
If you'd rather not track categories, the Venture's 2x on everything is hard to beat. If you spend a lot at supermarkets, the Strata Premier earns more. The Preferred wins on protections and partners like United, Southwest and Marriott.
Who it's for — and who should skip it
Get it if you want one card that earns well on dining and travel, comes with solid insurance and gives you transfer partners. The $100 hotel credit alone covers the fee if you book one stay through Chase Travel. Points are worth about 2.05 cents each by The Points Guy's estimate when used well — see how to maximize travel rewards.
Skip it if you want lounge access (it has none — see our lounge access guide) or if most of your points go to Hyatt, where the World of Hyatt card now makes more sense. If your spending is mostly dining and groceries, compare the Amex Gold.
Transfer partners
Chase Ultimate Rewards points move to 14 programs: 10 airlines and 4 hotels. Notable airlines include United, Air Canada Aeroplan, Southwest, British Airways, Air France-KLM, Singapore and Virgin Atlantic. The hotel partners are World of Hyatt, IHG, Marriott and Wyndham. All transfer 1:1 except Hyatt, which is now 4:3 on this card.
What the earning looks like in practice
Say you spend $400 a month on dining, $200 on gas and $150 on online groceries. That's $9,000 a year at 3x, or 27,000 points. The Points Guy estimates Chase points at about 2.05 cents each when transferred, so that's roughly $550 in travel value, before travel spending and the hotel credit. Used for lower-value redemptions, the same points are worth less, so the transfer partners are where this card earns its keep.
Sign-up bonus rules
From Jan 22, 2026, Chase lets you earn one bonus per Sapphire card, ever, as long as you've never earned that card's bonus. Holding the Sapphire Reserve no longer blocks you. Chase's 5/24 rule also applies: if you've opened five or more personal cards in 24 months, you'll likely be declined. More in our sign-up bonus guide. Card terms change often, so check the issuer's site before you apply.
Frequently Asked Questions
No, it's still $95. The June 2026 refresh added benefits without raising the fee.
Not for new applicants. Chase discontinued the 10% anniversary points bonus for anyone who applied from June 15, 2026.
Less so than before. Transfers to World of Hyatt now run at 4:3 instead of 1:1. The Sapphire Reserve keeps the 1:1 ratio.
No. For lounge access with Chase, you'd need the Sapphire Reserve, which costs $795 a year.
Meet the New Chase Sapphire Preferred — Chase Media Center
Chase Sapphire Preferred Updates and Impact — Forbes Advisor
Chase Sapphire Preferred Review — The Points Guy
Chase Sapphire Preferred Review — NerdWallet
Chase Sapphire Bonus Eligibility Changes 2026 — The Points Guy
How the Chase 5/24 Rule Works — CNBC Select
Best Credit Cards for Trip Delay Insurance — Upgraded Points
Card terms, rates and fees change often and APRs are variable. Information was checked in October 2026; confirm current terms on the issuer's website before applying. MoneyVerge may be compensated by some card issuers; this does not affect our assessments.