#1 overall · Points card
Chase Sapphire Preferred®
Chase · Visa · Good credit required
$95
Annual fee
$750
Welcome bonus
$1,279
First-year value
$529
Ongoing/yr
Rewards rates
🛒
Groceries
$5700/yr avg spend
3x
+$214/yr
🍕
Dining & Takeout
$3000/yr avg spend
3x
+$113/yr
✈️
Travel & Hotels
$2040/yr avg spend
5x
+$128/yr
⛽
Gas & EV Charging
$2100/yr avg spend
2x
+$53/yr
📺
Streaming
$540/yr avg spend
3x
+$20/yr
🛍️
Everything Else
$7800/yr avg spend
1x
+$98/yr
Based on average US spending. Use your own spending →
✓ Pros
- ✓ 5x on travel via Chase portal
- ✓ 3x on dining & groceries
- ✓ $50 hotel credit/yr
- ✓ 25% more value via Chase portal
✗ Cons
- ✗ $95/yr annual fee requires $7600 in spending to break even
- ✗ Low 1x earn rate on non-bonus spending
Is the Chase Sapphire Preferred® worth it?
It depends on your spending. On average US spending, the Chase Sapphire Preferred® generates $529/yr after the $95 fee — that's positive ROI before the welcome bonus. The $750 welcome bonus (if you hit the spend requirement of $4,000 in 3 months) makes year one worth $1,279 total.
Verdict: Strong value — earns well above its fee on typical spending.
Ready to apply?
Current offer: $750 welcome bonus after $4,000 spend in 3 months
Apply for Chase Sapphire Preferred® →You'll be directed to Chase's official application