Chase Sapphire Preferred

$95 travel card with a 100k-point bonus and 1:1 transfers to Hyatt and United

Rates verified July 23, 2026

Tracked since2026

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The Bottom Line

Annual fee

$95

Biggest pro

Best-ever public bonus at a $95 fee

Biggest con

$5,000 bonus spend requirement is high for a $95 card

At a glance

Rates verified July 23, 2026

Annual fee: $95
Rewards: 5x Chase Travel, 3x dining, gas/EV, vacation rentals, streaming and online groceries, 2x other travel, 1x other
Welcome bonus: 100,000 points after $5,000 in 3 months (limited-time elevated offer, July 2026)
Regular APR: 19.24%-27.49% variable (max 29.99%)
Recommended credit: good-excellent (690+)
Issuer: Chase
Network: Visa

Is it worth it?

Breaks even once rewards top $95 a year

The $95 annual fee pays for itself once your rewards pass $95 in a year. The welcome bonus (100,000 points after $5,000 in 3 months (limited-time elevated offer, July 2026)) alone typically covers the first few years of the fee. If you would not clear the fee in rewards, a no-annual-fee card usually wins.

What is Chase Sapphire Preferred?

Editorial review

The default first travel card in America, and in July 2026 it carries its biggest public bonus ever. If you want transferable points without paying a luxury annual fee, this is the card the rest of the market is measured against, and the 2026 refresh added categories without raising the price. The annual fee is $95 and the regular APR runs 19.24% to 27.49% variable, with a 29.99% max. Earning: 5x on Chase Travel, 3x on dining, 3x on gas, EV charging and vacation rentals, 3x on streaming and online groceries, 2x on other travel, 1x elsewhere. The welcome offer is 100,000 points after $5,000 in spending in 3 months, a limited-time elevated offer that TPG reports is ending soon. The refresh doubled the annual Chase Travel hotel credit to $100 and added a complimentary DashPass year plus an Apple TV promo year. The catch: $5,000 in bonus spending is a lot for a $95 card, there is no lounge access, and CNBC flags a negative transfer-partner change in the 2026 overhaul. The 1:1 transfers to partners like Hyatt and United remain the core of the card's value.

LCLouis CorneloupUpdated Jul 23, 2026 · how we evaluateSourcecreditcards.chase.com ↗

Pros & Cons

Pros

Best-ever public bonus at a $95 fee
1:1 point transfers to Hyatt, United and other partners
2026 refresh added categories without a fee hike

Cons

$5,000 bonus spend requirement is high for a $95 card
No lounge access
CNBC flags a negative transfer-partner change in the 2026 overhaul

Key details

5x points on Chase Travel3x on dining3x on gas, EV charging and vacation rentals3x on streaming and online groceries2x on other travel purchases$100 annual Chase Travel hotel creditComplimentary DashPass year plus Apple TV promo yearPrimary rental car coverage and strong travel protections

Best Chase Sapphire Preferred Alternatives

Top alternatives based on rates, fees, and eligibility.

Capital One Venture X Rewards

$395 premium travel card that nearly pays for itself in credits and miles

American Express Gold Card

4x at restaurants and US supermarkets for $325, with up to $424 in credits

Capital One Venture Rewards

Flat 2x miles on everything and a 75k bonus for $95, no homework required

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Chase Sapphire Preferred FAQ

What is the annual fee on the Chase Sapphire Preferred?

The annual fee is $95. The 2026 refresh added earning categories and doubled the annual Chase Travel hotel credit to $100 without raising the fee.

What is the current welcome bonus?

As of July 2026, 100,000 points after spending $5,000 in the first 3 months. It is a limited-time elevated offer, the biggest public bonus this card has ever carried, and TPG reports it is ending soon.

What credit score do you need?

Good to excellent credit, roughly 690 or higher.

Source: creditcards.chase.com