The Chase Sapphire Preferred Card continues to stand out as a leading option for travelers seeking strong rewards and flexible redemption.
New cardholders can earn 100,000 bonus points after spending $5,000 on purchases within the first three months of account opening. This limited-time offer matches the highest bonus seen in the card’s history.
Based on current valuations, the 100,000-point bonus holds an estimated value of $2,050. The offer is scheduled to end soon.
Cardholders may redeem points through statement credits, the Chase Travel portal, or transfers to airline and hotel loyalty partners. Value varies by method, with some redemptions exceeding two cents per point.
Examples include prepaid hotel stays through Chase Travel and transfers to partners such as British Airways, World of Hyatt, and Virgin Atlantic. Premium cabin awards can deliver exceptional value compared to cash fares.
The card earns 5 points per dollar on Chase Travel and Lyft, and 3 points per dollar on dining, streaming, online groceries, gas, and electric vehicle charging. It also provides 2 points per dollar on other travel and 1 point elsewhere.
Recent enhancements include a doubled annual hotel credit of $100 and new perks such as a complimentary Apple TV subscription and up to $120 in statement credits for Global Entry, TSA PreCheck, or Nexus every four years.
Cardholders also receive a DashPass membership and monthly credits for eligible DoorDash purchases. Ultimate Rewards points transfer to multiple travel partners at a 1:1 ratio.
A notable change affects World of Hyatt transfers. Applications submitted on or after June 15 will transfer at a 4:3 ratio, reducing the number of Hyatt points received. Existing cardholders retain the 1:1 ratio until October 1.
The card includes travel and purchase protections such as primary rental insurance, trip delay reimbursement, baggage delay coverage, and extended warranty protection. These benefits add practical value for frequent travelers.
Eligibility follows Chase’s 5/24 rule, which limits approvals for those who have opened five or more personal credit cards in the past 24 months. Applicants must also meet Sapphire bonus restrictions.
Despite the Hyatt adjustment, the Sapphire Preferred remains a top travel rewards card. Its bonus offer, earning structure, and partner network deliver strong value relative to the $95 annual fee.
