You need to spend at least $1,520 per year to make Chase Sapphire Preferred worth it, depending on what you purchase. The best way to get your money’s worth from Chase Sapphire Preferred is to qualify for its initial bonus, use the card for travel and dining purchases, and pay the bill in full each month.
Chase Sapphire Preferred offers 60,000 bonus points for spending $4,000 in the first 3 months. Those bonus points are redeemable for $750 in travel booked through Chase Ultimate Rewards or a $600 statement credit. The initial bonus alone will cover the card’s $95 annual fee for several years.
In addition, Chase Sapphire Preferred offers 1 - 5 points per $1 spent on purchases. The points are worth 0.8 cents to 1.25 cents each.
To learn more, check out WalletHub’s full Chase Sapphire Preferred review.
This answer was last updated on 05/02/24 and it was first published on 09/14/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
