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Earn 5X on travel and 3X on dining with 14 transfer partners
Earn 5X points on Chase Travel bookings and 3X on dining with a $95 annual fee. Get $170 in annual value through a $50 hotel credit and $120 DashPass membership. Transfer points to 14 airline and hotel partners at 1:1 ratios — worth 1.5-2+ cents each when redeemed strategically.
$95
Annual Fee
75,000
Ultimate Rewards points · Welcome Bonus
5X
Top Rate
Annual Fee
$95
Authorized User Fee
$0
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Chase Ultimate Rewards
Point Valuation
1.5–2 cpp (mid: 1.8)
Credit Required
Good to Excellent
Welcome Offer
75,000
Ultimate Rewards points
Spend $5,000 in the first 3 months
Earn 75,000 bonus points after $5,000 spend in 3 months. When transferred to partners like Hyatt or United, these points are worth $1,125-1,500 in travel — covering round-trip flights or 3-4 hotel nights.
Benefits & Perks
Program & Transfers
Transfer to 14 partners at 1:1 with 1.5-2.0cpp portal floor
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the 1:1 World of Hyatt transfer, widely considered the best hotel transfer value in the industry. With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. The program uniquely includes Southwest Rapid Rewards as a transfer partner - the only way to earn Southwest points through transfers, making it essential for Companion Pass strategies. The Sapphire Reserve's 1.5cpp portal value provides a reliable redemption floor, while Pay Yourself Back offers 1.5cpp for statement credits in select categories. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards ideal for both beginners and optimization experts.
Reviews & Analysis
Details & Terms
| Rule | Details |
|---|---|
| Sapphire Lifetime | You may be ineligible to earn a signup bonus on a Sapphire card if you received a new cardmember bonus for the same card any time in the past |
| 5/24 | Chase applications will be declined if 5 new cards have been added to your personal credit report in the past 24 months. |
| Chase 2/30 | You'll be declined if you apply for a third Chase card of any kind within 30 days |
| Chase 4/6 | Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months |
| Purchase APR | 21.49%–28.49% (Variable) |
| Cash Advance APR | 29.99% (Variable) |
| Foreign Transaction Fee | $0 |
| Authorized User Fee | $0 |
Earn 5X on travel and 3X on dining with 14 transfer partners
Earn 5X points on Chase Travel bookings and 3X on dining with a $95 annual fee. Get $170 in annual value through a $50 hotel credit and $120 DashPass membership. Transfer points to 14 airline and hotel partners at 1:1 ratios — worth 1.5-2+ cents each when redeemed strategically.
$95
Annual Fee
75,000
Ultimate Rewards points · Welcome Bonus
5X
Top Rate
Annual Fee
$95
Authorized User Fee
$0
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Chase Ultimate Rewards
Point Valuation
1.5–2 cpp (mid: 1.8)
Credit Required
Good to Excellent
Welcome Offer
75,000
Ultimate Rewards points
Spend $5,000 in the first 3 months
Earn 75,000 bonus points after $5,000 spend in 3 months. When transferred to partners like Hyatt or United, these points are worth $1,125-1,500 in travel — covering round-trip flights or 3-4 hotel nights.
Benefits & Perks
Program & Transfers
Transfer to 14 partners at 1:1 with 1.5-2.0cpp portal floor
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the 1:1 World of Hyatt transfer, widely considered the best hotel transfer value in the industry. With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. The program uniquely includes Southwest Rapid Rewards as a transfer partner - the only way to earn Southwest points through transfers, making it essential for Companion Pass strategies. The Sapphire Reserve's 1.5cpp portal value provides a reliable redemption floor, while Pay Yourself Back offers 1.5cpp for statement credits in select categories. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards ideal for both beginners and optimization experts.
Reviews & Analysis
Details & Terms
| Rule | Details |
|---|---|
| Sapphire Lifetime | You may be ineligible to earn a signup bonus on a Sapphire card if you received a new cardmember bonus for the same card any time in the past |
| 5/24 | Chase applications will be declined if 5 new cards have been added to your personal credit report in the past 24 months. |
| Chase 2/30 | You'll be declined if you apply for a third Chase card of any kind within 30 days |
| Chase 4/6 | Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months |
| Purchase APR | 21.49%–28.49% (Variable) |
| Cash Advance APR | 29.99% (Variable) |
| Foreign Transaction Fee | $0 |
| Authorized User Fee | $0 |
Earn 5X on travel and 3X on dining with 14 transfer partners
Earn 5X points on Chase Travel bookings and 3X on dining with a $95 annual fee. Get $170 in annual value through a $50 hotel credit and $120 DashPass membership. Transfer points to 14 airline and hotel partners at 1:1 ratios — worth 1.5-2+ cents each when redeemed strategically.
$95
Annual Fee
75,000
Ultimate Rewards points · Welcome Bonus
5X
Top Rate
Annual Fee
$95
Authorized User Fee
$0
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Chase Ultimate Rewards
Point Valuation
1.5–2 cpp (mid: 1.8)
Credit Required
Good to Excellent
Welcome Offer
75,000
Ultimate Rewards points
Spend $5,000 in the first 3 months
Earn 75,000 bonus points after $5,000 spend in 3 months. When transferred to partners like Hyatt or United, these points are worth $1,125-1,500 in travel — covering round-trip flights or 3-4 hotel nights.
Benefits & Perks
Program & Transfers
Transfer to 14 partners at 1:1 with 1.5-2.0cpp portal floor
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the 1:1 World of Hyatt transfer, widely considered the best hotel transfer value in the industry. With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. The program uniquely includes Southwest Rapid Rewards as a transfer partner - the only way to earn Southwest points through transfers, making it essential for Companion Pass strategies. The Sapphire Reserve's 1.5cpp portal value provides a reliable redemption floor, while Pay Yourself Back offers 1.5cpp for statement credits in select categories. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards ideal for both beginners and optimization experts.
Reviews & Analysis
Details & Terms
| Rule | Details |
|---|---|
| Sapphire Lifetime | You may be ineligible to earn a signup bonus on a Sapphire card if you received a new cardmember bonus for the same card any time in the past |
| 5/24 | Chase applications will be declined if 5 new cards have been added to your personal credit report in the past 24 months. |
| Chase 2/30 | You'll be declined if you apply for a third Chase card of any kind within 30 days |
| Chase 4/6 | Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months |
| Purchase APR | 21.49%–28.49% (Variable) |
| Cash Advance APR | 29.99% (Variable) |
| Foreign Transaction Fee | $0 |
| Authorized User Fee | $0 |
| Category | Rate | Type | Booking Method | Cap | Notes |
|---|---|---|---|---|---|
| Travel | 5X | Core | portal | None | |
| Dining | 3X | Core | any | None | |
| Streaming | 3X | Core | any | None | |
| Online Groceries | 3X | Core | any | None | |
| Grocery Delivery | 3X | Core | any | None | |
| Travel | 2X | Core | direct | None | |
| Lyft | 5X | Promo | any | None | |
| All Other | 1X | Base | any | None |
Earn 5 points per dollar on hotels, flights, car rentals, and cruises through Chase Travel. Transfer those points to partners for 1.5-2+ cents each — effectively 7.5-10% back on travel.
Book a $3,000 trip on Chase Travel: earn 15,000 points (worth $188-300 when transferred to partners)
Earn 3 points per dollar at restaurants, bars, and food delivery with no annual cap. Transfer to partners for 1.5-2+ cents each — effectively 4.5-6% back.
Spend $1,500 monthly on dining: earn 54,000 points annually (worth $810-1,080 via transfers)
Earn 3 points per dollar on Netflix, Disney+, Spotify, Apple TV+, and other streaming services.
Pay $500 annually in streaming: earn 1,500 points (worth $23-30 via transfers)
Earn 3 points per dollar on online grocery purchases via Instacart, Amazon Fresh, Whole Foods delivery, and retailer platforms (excludes Target, Walmart, wholesale clubs).
Spend $200 monthly on online groceries: earn 7,200 points annually (worth $108-144 via transfers)
Earn 2 points per dollar on hotels, flights, and transportation booked directly outside Chase Travel. Covers airline websites, hotel chains, and ride-shares.
Book $2,000 in direct travel annually: earn 4,000 points (worth $60-80 via transfers)
Earn 1 point per dollar on purchases outside bonus categories with no caps or restrictions.
Spend $3,000 monthly on other purchases: earn 36,000 points annually (worth $540-720 via transfers)
Total face value: $298
Estimated annual value: $114
| Credit | Value | Category | Frequency | Details |
|---|---|---|---|---|
| $10/mo DoorDash + DashPass | $10/Monthly | Statement Credit | Monthly | |
| 8% Booking.com travel credit | $8/Per stay | Travel | Per stay | |
| $50 hotel credit | $50 | Hotels | Annual | |
| $120 DashPass membership | $10/Monthly | Delivery | Monthly |
Combined Protection Value
$6,350
Get reimbursed up to $2,000 per person when a trip is canceled or interrupted due to covered reasons like illness or severe weather.
Get an additional year of warranty protection on eligible electronics and appliances with original warranties of 3 years or less.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
Get coverage for collision damage, theft, and loss-of-use when renting a car. Coverage type (primary vs secondary) varies by issuer.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | — | — | |
| 1:1 | instant | — | — | |
| 1:1 | instant | 91% | — | |
| 1:1 | instant | 85% | 1.5 cpp | |
| 1:1 | instant | 79% | — | |
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | europe |
| Intra-Europe in Economy | 7,500 | Air France Klm Flying Blue | economy | europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | united_states |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | united_states |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | united_states |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | united_states |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | united_states |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | united_states |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | europe |
| US to Europe in Economy | 25,000 | Air France Klm Flying Blue | economy | europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | united_states |
Showing top 20 of 57 sweet spots
With a $95 annual fee, the Sapphire Preferred delivers 5X on Chase Travel and 3X on dining while offering $170 in annual credits ($50 hotel + $120 DashPass). Points transfer 1:1 to 14 partners, often redeeming for 1.5-2+ cents each.
The Sapphire Preferred serves travelers who want rewards without premium costs. With a $95 annual fee, it delivers 5X on Chase Travel, 3X on dining, and $170 in annual credits. For beginners building rewards, it's a strategic entry point into Chase's ecosystem.
The Sapphire Preferred is ideal for those who can't yet qualify for the Sapphire Reserve or won't use the Reserve's full benefits. With a $95 annual fee, it delivers strong value through 5X on Chase Travel, 3X on dining, a $50 hotel credit, and a 25% bonus when redeeming through Chase Travel. The 75,000-point sign-up bonus is worth $1,125-1,500 when transferred to partners like Hyatt or United.
For beginners building rewards portfolios, the Sapphire Preferred offers a cost-effective way to accumulate transferable Ultimate Rewards points.
The Chase Sapphire Preferred® is a great choice for:
- Those who don’t qualify for the Sapphire Reserve but want to earn transferable points
- Couples playing the “two-player game." One person gets the Reserve, the other the Preferred to stagger sign-up bonuses
- Travelers looking for a low annual fee card with high rewards potential
With the Preferred, you get a $50 hotel credit **(when booking through the Chase portal)**.
Other perks include:
- 5x points on travel through the Chase portal
- 2x on other travel purchases
- 3x on dining, online grocery purchases, and select streaming services
- Free DashPass membership, solid travel insurance protections, cell phone coverage, and extended warranty benefits
This card might not be the best choice if you qualify for the Reserve and prefer more comprehensive travel perks.
**Chase Ultimate Rewards is among the most valued point systems.**
- Ultimate Rewards points transfer 1:1 to 14 partners including Hyatt, United, and Southwest — delivering 1.5-2+ cents per point in value.
- You can also book travel through Chase Travel portal at 1.25 cents per point (or 1 cent via cash back).
- The quality of transfer partners (especially Hyatt, United, Southwest) is exceptional for premium cabin flights and hotel nights.
- You can get a multiplier effect by combining points from multiple Chase cards (Sapphire, Freedom, Ink).
- Ultimate Rewards works as a points savings account — top off partner programs or book direct through Chase Travel.
The Sapphire Preferred sits one tier below the Sapphire Reserve and delivers strong benefits at a lower annual fee.
Here's the comparison:
- $95 annual fee vs. $795 for the Reserve
- $50 hotel credit (Preferred) vs. $300 travel credit (Reserve)
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$178.80
Annual Fee
-$95
Net Annual Value
+$83.80
Sapphire family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Chase Sapphire Reserve | super_premium | $795 | |
| Chase Sapphire Reserve Business | super_premium | $795 |
Product changes available between family members without a new credit inquiry.
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
NerdWallet's detailed review covering bonus points, travel redemption values, and comparison to competing cards
CNBC Select's best travel credit card review of the Chase Sapphire Preferred with comprehensive benefits breakdown
Detailed analysis of bonus offers and how to maximize point value through the Chase Travel portal
U.S. News comprehensive 2026 review with features, drawbacks, and comparisons to competing cards
Guide explaining the key reasons why the Chase Sapphire Preferred is essential for travel-focused cardholders
CreditCards.com review with detailed comparison to competing travel cards and value analysis
Doctor of Credit's comprehensive review with credit score requirements and detailed benefit analysis
In-depth guide explaining why the Chase Sapphire Preferred excels for travel purchases with 5x points through Chase Travel
| Source | Date | URL |
|---|---|---|
| — | — | View source |
| — | — | View source |
| — | — | View source |
| Category | Rate | Type | Booking Method | Cap | Notes |
|---|---|---|---|---|---|
| Travel | 5X | Core | portal | None | |
| Dining | 3X | Core | any | None | |
| Streaming | 3X | Core | any | None | |
| Online Groceries | 3X | Core | any | None | |
| Grocery Delivery | 3X | Core | any | None | |
| Travel | 2X | Core | direct | None | |
| Lyft | 5X | Promo | any | None | |
| All Other | 1X | Base | any | None |
Earn 5 points per dollar on hotels, flights, car rentals, and cruises through Chase Travel. Transfer those points to partners for 1.5-2+ cents each — effectively 7.5-10% back on travel.
Book a $3,000 trip on Chase Travel: earn 15,000 points (worth $188-300 when transferred to partners)
Earn 3 points per dollar at restaurants, bars, and food delivery with no annual cap. Transfer to partners for 1.5-2+ cents each — effectively 4.5-6% back.
Spend $1,500 monthly on dining: earn 54,000 points annually (worth $810-1,080 via transfers)
Earn 3 points per dollar on Netflix, Disney+, Spotify, Apple TV+, and other streaming services.
Pay $500 annually in streaming: earn 1,500 points (worth $23-30 via transfers)
Earn 3 points per dollar on online grocery purchases via Instacart, Amazon Fresh, Whole Foods delivery, and retailer platforms (excludes Target, Walmart, wholesale clubs).
Spend $200 monthly on online groceries: earn 7,200 points annually (worth $108-144 via transfers)
Earn 2 points per dollar on hotels, flights, and transportation booked directly outside Chase Travel. Covers airline websites, hotel chains, and ride-shares.
Book $2,000 in direct travel annually: earn 4,000 points (worth $60-80 via transfers)
Earn 1 point per dollar on purchases outside bonus categories with no caps or restrictions.
Spend $3,000 monthly on other purchases: earn 36,000 points annually (worth $540-720 via transfers)
Total face value: $298
Estimated annual value: $114
| Credit | Value | Category | Frequency | Details |
|---|---|---|---|---|
| $10/mo DoorDash + DashPass | $10/Monthly | Statement Credit | Monthly | |
| 8% Booking.com travel credit | $8/Per stay | Travel | Per stay | |
| $50 hotel credit | $50 | Hotels | Annual | |
| $120 DashPass membership | $10/Monthly | Delivery | Monthly |
Combined Protection Value
$6,350
Get reimbursed up to $2,000 per person when a trip is canceled or interrupted due to covered reasons like illness or severe weather.
Get an additional year of warranty protection on eligible electronics and appliances with original warranties of 3 years or less.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
Get coverage for collision damage, theft, and loss-of-use when renting a car. Coverage type (primary vs secondary) varies by issuer.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | — | — | |
| 1:1 | instant | — | — | |
| 1:1 | instant | 91% | — | |
| 1:1 | instant | 85% | 1.5 cpp | |
| 1:1 | instant | 79% | — | |
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | europe |
| Intra-Europe in Economy | 7,500 | Air France Klm Flying Blue | economy | europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | united_states |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | united_states |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | united_states |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | united_states |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | united_states |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | united_states |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | europe |
| US to Europe in Economy | 25,000 | Air France Klm Flying Blue | economy | europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | united_states |
Showing top 20 of 57 sweet spots
With a $95 annual fee, the Sapphire Preferred delivers 5X on Chase Travel and 3X on dining while offering $170 in annual credits ($50 hotel + $120 DashPass). Points transfer 1:1 to 14 partners, often redeeming for 1.5-2+ cents each.
The Sapphire Preferred serves travelers who want rewards without premium costs. With a $95 annual fee, it delivers 5X on Chase Travel, 3X on dining, and $170 in annual credits. For beginners building rewards, it's a strategic entry point into Chase's ecosystem.
The Sapphire Preferred is ideal for those who can't yet qualify for the Sapphire Reserve or won't use the Reserve's full benefits. With a $95 annual fee, it delivers strong value through 5X on Chase Travel, 3X on dining, a $50 hotel credit, and a 25% bonus when redeeming through Chase Travel. The 75,000-point sign-up bonus is worth $1,125-1,500 when transferred to partners like Hyatt or United.
For beginners building rewards portfolios, the Sapphire Preferred offers a cost-effective way to accumulate transferable Ultimate Rewards points.
The Chase Sapphire Preferred® is a great choice for:
- Those who don’t qualify for the Sapphire Reserve but want to earn transferable points
- Couples playing the “two-player game." One person gets the Reserve, the other the Preferred to stagger sign-up bonuses
- Travelers looking for a low annual fee card with high rewards potential
With the Preferred, you get a $50 hotel credit **(when booking through the Chase portal)**.
Other perks include:
- 5x points on travel through the Chase portal
- 2x on other travel purchases
- 3x on dining, online grocery purchases, and select streaming services
- Free DashPass membership, solid travel insurance protections, cell phone coverage, and extended warranty benefits
This card might not be the best choice if you qualify for the Reserve and prefer more comprehensive travel perks.
**Chase Ultimate Rewards is among the most valued point systems.**
- Ultimate Rewards points transfer 1:1 to 14 partners including Hyatt, United, and Southwest — delivering 1.5-2+ cents per point in value.
- You can also book travel through Chase Travel portal at 1.25 cents per point (or 1 cent via cash back).
- The quality of transfer partners (especially Hyatt, United, Southwest) is exceptional for premium cabin flights and hotel nights.
- You can get a multiplier effect by combining points from multiple Chase cards (Sapphire, Freedom, Ink).
- Ultimate Rewards works as a points savings account — top off partner programs or book direct through Chase Travel.
The Sapphire Preferred sits one tier below the Sapphire Reserve and delivers strong benefits at a lower annual fee.
Here's the comparison:
- $95 annual fee vs. $795 for the Reserve
- $50 hotel credit (Preferred) vs. $300 travel credit (Reserve)
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$178.80
Annual Fee
-$95
Net Annual Value
+$83.80
Sapphire family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Chase Sapphire Reserve | super_premium | $795 | |
| Chase Sapphire Reserve Business | super_premium | $795 |
Product changes available between family members without a new credit inquiry.
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
NerdWallet's detailed review covering bonus points, travel redemption values, and comparison to competing cards
CNBC Select's best travel credit card review of the Chase Sapphire Preferred with comprehensive benefits breakdown
Detailed analysis of bonus offers and how to maximize point value through the Chase Travel portal
U.S. News comprehensive 2026 review with features, drawbacks, and comparisons to competing cards
Guide explaining the key reasons why the Chase Sapphire Preferred is essential for travel-focused cardholders
CreditCards.com review with detailed comparison to competing travel cards and value analysis
Doctor of Credit's comprehensive review with credit score requirements and detailed benefit analysis
In-depth guide explaining why the Chase Sapphire Preferred excels for travel purchases with 5x points through Chase Travel
| Source | Date | URL |
|---|---|---|
| — | — | View source |
| — | — | View source |
| — | — | View source |
| Category | Rate | Type | Booking Method | Cap | Notes |
|---|---|---|---|---|---|
| Travel | 5X | Core | portal | None | |
| Dining | 3X | Core | any | None | |
| Streaming | 3X | Core | any | None | |
| Online Groceries | 3X | Core | any | None | |
| Grocery Delivery | 3X | Core | any | None | |
| Travel | 2X | Core | direct | None | |
| Lyft | 5X | Promo | any | None | |
| All Other | 1X | Base | any | None |
Earn 5 points per dollar on hotels, flights, car rentals, and cruises through Chase Travel. Transfer those points to partners for 1.5-2+ cents each — effectively 7.5-10% back on travel.
Book a $3,000 trip on Chase Travel: earn 15,000 points (worth $188-300 when transferred to partners)
Earn 3 points per dollar at restaurants, bars, and food delivery with no annual cap. Transfer to partners for 1.5-2+ cents each — effectively 4.5-6% back.
Spend $1,500 monthly on dining: earn 54,000 points annually (worth $810-1,080 via transfers)
Earn 3 points per dollar on Netflix, Disney+, Spotify, Apple TV+, and other streaming services.
Pay $500 annually in streaming: earn 1,500 points (worth $23-30 via transfers)
Earn 3 points per dollar on online grocery purchases via Instacart, Amazon Fresh, Whole Foods delivery, and retailer platforms (excludes Target, Walmart, wholesale clubs).
Spend $200 monthly on online groceries: earn 7,200 points annually (worth $108-144 via transfers)
Earn 2 points per dollar on hotels, flights, and transportation booked directly outside Chase Travel. Covers airline websites, hotel chains, and ride-shares.
Book $2,000 in direct travel annually: earn 4,000 points (worth $60-80 via transfers)
Earn 1 point per dollar on purchases outside bonus categories with no caps or restrictions.
Spend $3,000 monthly on other purchases: earn 36,000 points annually (worth $540-720 via transfers)
Total face value: $298
Estimated annual value: $114
| Credit | Value | Category | Frequency | Details |
|---|---|---|---|---|
| $10/mo DoorDash + DashPass | $10/Monthly | Statement Credit | Monthly | |
| 8% Booking.com travel credit | $8/Per stay | Travel | Per stay | |
| $50 hotel credit | $50 | Hotels | Annual | |
| $120 DashPass membership | $10/Monthly | Delivery | Monthly |
Combined Protection Value
$6,350
Get reimbursed up to $2,000 per person when a trip is canceled or interrupted due to covered reasons like illness or severe weather.
Get an additional year of warranty protection on eligible electronics and appliances with original warranties of 3 years or less.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
Get coverage for collision damage, theft, and loss-of-use when renting a car. Coverage type (primary vs secondary) varies by issuer.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | — | — | |
| 1:1 | instant | — | — | |
| 1:1 | instant | 91% | — | |
| 1:1 | instant | 85% | 1.5 cpp | |
| 1:1 | instant | 79% | — | |
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | europe |
| Intra-Europe in Economy | 7,500 | Air France Klm Flying Blue | economy | europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | united_states |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | united_states |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | united_states |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | united_states |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | united_states |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | united_states |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | europe |
| US to Europe in Economy | 25,000 | Air France Klm Flying Blue | economy | europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | united_states |
Showing top 20 of 57 sweet spots
With a $95 annual fee, the Sapphire Preferred delivers 5X on Chase Travel and 3X on dining while offering $170 in annual credits ($50 hotel + $120 DashPass). Points transfer 1:1 to 14 partners, often redeeming for 1.5-2+ cents each.
The Sapphire Preferred serves travelers who want rewards without premium costs. With a $95 annual fee, it delivers 5X on Chase Travel, 3X on dining, and $170 in annual credits. For beginners building rewards, it's a strategic entry point into Chase's ecosystem.
The Sapphire Preferred is ideal for those who can't yet qualify for the Sapphire Reserve or won't use the Reserve's full benefits. With a $95 annual fee, it delivers strong value through 5X on Chase Travel, 3X on dining, a $50 hotel credit, and a 25% bonus when redeeming through Chase Travel. The 75,000-point sign-up bonus is worth $1,125-1,500 when transferred to partners like Hyatt or United.
For beginners building rewards portfolios, the Sapphire Preferred offers a cost-effective way to accumulate transferable Ultimate Rewards points.
The Chase Sapphire Preferred® is a great choice for:
- Those who don’t qualify for the Sapphire Reserve but want to earn transferable points
- Couples playing the “two-player game." One person gets the Reserve, the other the Preferred to stagger sign-up bonuses
- Travelers looking for a low annual fee card with high rewards potential
With the Preferred, you get a $50 hotel credit **(when booking through the Chase portal)**.
Other perks include:
- 5x points on travel through the Chase portal
- 2x on other travel purchases
- 3x on dining, online grocery purchases, and select streaming services
- Free DashPass membership, solid travel insurance protections, cell phone coverage, and extended warranty benefits
This card might not be the best choice if you qualify for the Reserve and prefer more comprehensive travel perks.
**Chase Ultimate Rewards is among the most valued point systems.**
- Ultimate Rewards points transfer 1:1 to 14 partners including Hyatt, United, and Southwest — delivering 1.5-2+ cents per point in value.
- You can also book travel through Chase Travel portal at 1.25 cents per point (or 1 cent via cash back).
- The quality of transfer partners (especially Hyatt, United, Southwest) is exceptional for premium cabin flights and hotel nights.
- You can get a multiplier effect by combining points from multiple Chase cards (Sapphire, Freedom, Ink).
- Ultimate Rewards works as a points savings account — top off partner programs or book direct through Chase Travel.
The Sapphire Preferred sits one tier below the Sapphire Reserve and delivers strong benefits at a lower annual fee.
Here's the comparison:
- $95 annual fee vs. $795 for the Reserve
- $50 hotel credit (Preferred) vs. $300 travel credit (Reserve)
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$178.80
Annual Fee
-$95
Net Annual Value
+$83.80
Sapphire family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Chase Sapphire Reserve | super_premium | $795 | |
| Chase Sapphire Reserve Business | super_premium | $795 |
Product changes available between family members without a new credit inquiry.
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
NerdWallet's detailed review covering bonus points, travel redemption values, and comparison to competing cards
CNBC Select's best travel credit card review of the Chase Sapphire Preferred with comprehensive benefits breakdown
Detailed analysis of bonus offers and how to maximize point value through the Chase Travel portal
U.S. News comprehensive 2026 review with features, drawbacks, and comparisons to competing cards
Guide explaining the key reasons why the Chase Sapphire Preferred is essential for travel-focused cardholders
CreditCards.com review with detailed comparison to competing travel cards and value analysis
Doctor of Credit's comprehensive review with credit score requirements and detailed benefit analysis
In-depth guide explaining why the Chase Sapphire Preferred excels for travel purchases with 5x points through Chase Travel
| Source | Date | URL |
|---|---|---|
| — | — | View source |
| — | — | View source |
| — | — | View source |
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Get reimbursement up to $500 per claim for items stolen or damaged by accident within 90 days of purchase.
Get reimbursed up to $300 for essential purchases like clothing and toiletries when checked baggage is delayed 4+ hours.
Reimbursement up to $300 for meals and lodging after 12+ hour delay. Signature requires 12 hours vs Infinite's 6 hours.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
Reimburses up to $10,000 per person ($20,000 per trip) for prepaid travel when cancelled or interrupted due to illness or severe weather.
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Reimburses up to $500 per traveler for meals, lodging, and toiletries when travel delayed 12+ hours or requires overnight stay.
Zero liability protection means you will not be held responsible for fraudulent or unauthorized transactions when reported promptly.
Reimburses up to $100 per day for 5 days ($500 total) for essential purchases like toiletries and clothing when baggage delayed 6+ hours.
Extends U.S. manufacturer's warranty by 1 year on warranties of 3 years or less (4 years total coverage).
Reimburses up to $3,000 per traveler for checked or carry-on baggage lost, damaged, or stolen during a trip.
Covers purchases for 120 days against damage or theft up to $500 per item with secondary coverage after other insurers.
Up to $60,000 primary coverage for collision damage, theft, and towing on most rental vehicles worldwide.
Provides up to $500,000 in accidental death or dismemberment coverage when you pay for air, bus, train, or cruise travel.
| 1:1 |
| instant |
| 79% |
| 1.35 cpp |
| 1:1 | instant | 79% | 1.35 cpp |
| 1:1 | instant | 79% | 1.35 cpp |
| 1:1 | instant | 73% | — |
| 1:1 | instant | 67% | — |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | 103% | 1.7 cpp | |
| 1:1 | instant | 42% | 0.7 cpp | |
| 1:1 | instant | 36% | 0.6 cpp |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
air_france_klm_flying_blue | 1:1 | instant | 79% | — |
- No lounge access or TSA PreCheck/Global Entry credit (Reserve exclusive)
- The Reserve offers more statement credits, but only delivers value if you use them all
For couples, the Preferred pairs well with the Reserve. Chase allows household point transfers, so you can consolidate points and stagger sign-up bonuses.
The Sapphire Preferred becomes essential when adding Chase business cards (Ink Cash or Ink Unlimited). These business cards earn Ultimate Rewards but don't offer transfer partners. Only Sapphire cards (Preferred, Reserve, Reserve Business) or Ink Business Preferred access transfers.
If the $95 fee isn't worth it after year one, downgrade to a Freedom card. Transfer or use points first — Freedom cards can't transfer to partners.
In our two-player household, my wife holds the Sapphire Reserve while I carry the Sapphire Preferred. We each earned a bonus, share points via household transfers, and maximize the perks that matter most. When I applied, the offer was 75,000 points — elevated offers like this are worth waiting for if you're not in a rush.
If I were solo and could qualify for the Reserve, I'd choose that instead. The benefits are stronger and the $795 fee is easily offset with frequent travel. But for starting out, or splitting strategy across multiple cards and players, the Sapphire Preferred is a solid foundation.
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Get reimbursement up to $500 per claim for items stolen or damaged by accident within 90 days of purchase.
Get reimbursed up to $300 for essential purchases like clothing and toiletries when checked baggage is delayed 4+ hours.
Reimbursement up to $300 for meals and lodging after 12+ hour delay. Signature requires 12 hours vs Infinite's 6 hours.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
Reimburses up to $10,000 per person ($20,000 per trip) for prepaid travel when cancelled or interrupted due to illness or severe weather.
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Reimburses up to $500 per traveler for meals, lodging, and toiletries when travel delayed 12+ hours or requires overnight stay.
Zero liability protection means you will not be held responsible for fraudulent or unauthorized transactions when reported promptly.
Reimburses up to $100 per day for 5 days ($500 total) for essential purchases like toiletries and clothing when baggage delayed 6+ hours.
Extends U.S. manufacturer's warranty by 1 year on warranties of 3 years or less (4 years total coverage).
Reimburses up to $3,000 per traveler for checked or carry-on baggage lost, damaged, or stolen during a trip.
Covers purchases for 120 days against damage or theft up to $500 per item with secondary coverage after other insurers.
Up to $60,000 primary coverage for collision damage, theft, and towing on most rental vehicles worldwide.
Provides up to $500,000 in accidental death or dismemberment coverage when you pay for air, bus, train, or cruise travel.
| 1:1 |
| instant |
| 79% |
| 1.35 cpp |
| 1:1 | instant | 79% | 1.35 cpp |
| 1:1 | instant | 79% | 1.35 cpp |
| 1:1 | instant | 73% | — |
| 1:1 | instant | 67% | — |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | 103% | 1.7 cpp | |
| 1:1 | instant | 42% | 0.7 cpp | |
| 1:1 | instant | 36% | 0.6 cpp |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
air_france_klm_flying_blue | 1:1 | instant | 79% | — |
- No lounge access or TSA PreCheck/Global Entry credit (Reserve exclusive)
- The Reserve offers more statement credits, but only delivers value if you use them all
For couples, the Preferred pairs well with the Reserve. Chase allows household point transfers, so you can consolidate points and stagger sign-up bonuses.
The Sapphire Preferred becomes essential when adding Chase business cards (Ink Cash or Ink Unlimited). These business cards earn Ultimate Rewards but don't offer transfer partners. Only Sapphire cards (Preferred, Reserve, Reserve Business) or Ink Business Preferred access transfers.
If the $95 fee isn't worth it after year one, downgrade to a Freedom card. Transfer or use points first — Freedom cards can't transfer to partners.
In our two-player household, my wife holds the Sapphire Reserve while I carry the Sapphire Preferred. We each earned a bonus, share points via household transfers, and maximize the perks that matter most. When I applied, the offer was 75,000 points — elevated offers like this are worth waiting for if you're not in a rush.
If I were solo and could qualify for the Reserve, I'd choose that instead. The benefits are stronger and the $795 fee is easily offset with frequent travel. But for starting out, or splitting strategy across multiple cards and players, the Sapphire Preferred is a solid foundation.
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Get reimbursement up to $500 per claim for items stolen or damaged by accident within 90 days of purchase.
Get reimbursed up to $300 for essential purchases like clothing and toiletries when checked baggage is delayed 4+ hours.
Reimbursement up to $300 for meals and lodging after 12+ hour delay. Signature requires 12 hours vs Infinite's 6 hours.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
Reimburses up to $10,000 per person ($20,000 per trip) for prepaid travel when cancelled or interrupted due to illness or severe weather.
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Reimburses up to $500 per traveler for meals, lodging, and toiletries when travel delayed 12+ hours or requires overnight stay.
Zero liability protection means you will not be held responsible for fraudulent or unauthorized transactions when reported promptly.
Reimburses up to $100 per day for 5 days ($500 total) for essential purchases like toiletries and clothing when baggage delayed 6+ hours.
Extends U.S. manufacturer's warranty by 1 year on warranties of 3 years or less (4 years total coverage).
Reimburses up to $3,000 per traveler for checked or carry-on baggage lost, damaged, or stolen during a trip.
Covers purchases for 120 days against damage or theft up to $500 per item with secondary coverage after other insurers.
Up to $60,000 primary coverage for collision damage, theft, and towing on most rental vehicles worldwide.
Provides up to $500,000 in accidental death or dismemberment coverage when you pay for air, bus, train, or cruise travel.
| 1:1 |
| instant |
| 79% |
| 1.35 cpp |
| 1:1 | instant | 79% | 1.35 cpp |
| 1:1 | instant | 79% | 1.35 cpp |
| 1:1 | instant | 73% | — |
| 1:1 | instant | 67% | — |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | 103% | 1.7 cpp | |
| 1:1 | instant | 42% | 0.7 cpp | |
| 1:1 | instant | 36% | 0.6 cpp |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
air_france_klm_flying_blue | 1:1 | instant | 79% | — |
- No lounge access or TSA PreCheck/Global Entry credit (Reserve exclusive)
- The Reserve offers more statement credits, but only delivers value if you use them all
For couples, the Preferred pairs well with the Reserve. Chase allows household point transfers, so you can consolidate points and stagger sign-up bonuses.
The Sapphire Preferred becomes essential when adding Chase business cards (Ink Cash or Ink Unlimited). These business cards earn Ultimate Rewards but don't offer transfer partners. Only Sapphire cards (Preferred, Reserve, Reserve Business) or Ink Business Preferred access transfers.
If the $95 fee isn't worth it after year one, downgrade to a Freedom card. Transfer or use points first — Freedom cards can't transfer to partners.
In our two-player household, my wife holds the Sapphire Reserve while I carry the Sapphire Preferred. We each earned a bonus, share points via household transfers, and maximize the perks that matter most. When I applied, the offer was 75,000 points — elevated offers like this are worth waiting for if you're not in a rush.
If I were solo and could qualify for the Reserve, I'd choose that instead. The benefits are stronger and the $795 fee is easily offset with frequent travel. But for starting out, or splitting strategy across multiple cards and players, the Sapphire Preferred is a solid foundation.
