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Chase Sapphire Preferred® Card

Chase Ultimate Rewards

Welcome bonus

75,000 points

≈ $1,500 at 2.0¢ per point

after $5,000 spend in 3 months

Annual fee$95

Value per point~2.0¢median of 7 published valuations

First-year value*$2,439easy credits counted · $2,409 with none

Year 2+ value*$939each year after the first, after the fee · $909 with no credits

$95 fee vs $250 in stated credits a yearFace value. You’d use $30 by our default → yearly cost after year 1 $65 ↓

Worth ~2.0¢/pt, median of 7 published valuations

AwardWallet 2.07¢
The Points Guy 2.05¢
Bankrate 2.0¢ (Bankrate value for Sapphire Reserve, Sapphire Preferred and Ink Preferred)
Upgraded Points 2.0¢
One Mile at a Time 1.7¢
Frequent Miler (RRV) 1.5¢
NerdWallet 1.4¢ (NerdWallet’s figure for Sapphire Preferred and Ink Preferred; it lists 1.8¢ for Sapphire Reserve holders)

Range 1.4–2.07¢. Checked 2026-10-23. How we use these

See the offer on Chase’s site ↗ Run your own numbers

Data checked by Chris Manns · Last updated October 23, 2026

Source: Chase card page · checked October 23, 2026. *Value uses our sample profile ($31,100/yr spend, no favorite airline or hotel) and the community value of 2.0¢ per point (median of published valuations) — see method.

Credits & perks

Annual fee$95

Stated credits a year$250face value, as Chase states it

+ $300 one-time, first year only

Face value isn’t real value. A $25-a-month credit for something you’d never buy is worth $0 to you, and most credits are use-it-or-lose-it by month, quarter or half-year. Tick only what you’d spend on anyway.

Which would you actually use?

Our assumption: the boxes ticked to start are the “easy” credits: broad, flexible or automatic (general travel credits, airline-fee credits on any airline, Global Entry/TSA, anniversary free nights). Niche or single-merchant credits start unticked. Your choices are saved in this browser and also used by the calculator.

Chase Travel hotel credit$100/yrup to $100 each account anniversary year · Hotel stays booked through Chase Travel; applied automatically. Unused value doesn’t carry over.niche travel portal
DoorDash non-restaurant promo for DashPass members$120/yr$10 promo each month · Activate the complimentary DashPass first; non-restaurant orders (grocery, retail). Monthly, use it or lose it. Through 12/31/2029.niche ends 2029-12-31 delivery
Complimentary DashPass membership$120 once12 months (Chase states “a $120 value”) · Activate by 12/31/2029 with the card; then renews at the then-current DashPass rate unless cancelled.niche year 1 only delivery
Apple TV subscription$180 onceone year complimentary (Chase states “a value of $180”) · Activate by 12/31/2026; one-time.niche year 1 only ends 2026-12-31 streaming
Global Entry / TSA PreCheck / NEXUS application fee credit$120 every 4 yrs ≈ $30/yrup to $120 once every 4 years · Pay the application fee with the card; one credit every 4 years.easy airport

Your net cost$65Yearly cost after year 1: annual fee − credits you’ll use ($30)

Year 2+ value*$939each year after the first, after the annual fee, with your ticks

First-year value*$2,439bonus + earning + credits − fee

Counts each ticked credit at 100% of face value. Global Entry/TSA counts as a quarter a year. Free nights use our point values. *At our sample profile; how credits are counted.

Perks with no stated $ value

Lounges, status, bags and similar. We don’t put a number on these unless the issuer does.

travel Points transfer 1:1 to airline and hotel partners
insurance Trip cancellation/interruption insurance, primary rental car coverage

Source: Chase card page and benefit terms · checked 2026-10-23.

How it earns

5x Travel booked on the card’s own travel site
3x Dining & takeout
3x Gas & EV charging
2x Flights (booked with the airline), Hotels (booked with the hotel), Other travel
1x everything else

3x also applies to select streaming services and online grocery (not modeled; we count supermarket spend at 1x).
3x on gas stations, EV charging and vacation homes at top brands.

Offer details

75,000 points after $5,000 in 3 months

Annual fee $95. Credits from the issuer page are in Credits & perks above.

Questions about the Chase Sapphire Preferred

What is the Chase Sapphire Preferred welcome bonus?

75,000 points after $5,000 in 3 months, about $1,500 at the median published point value, per Chase’s card page checked October 23, 2026.

What is the Chase Sapphire Preferred annual fee?

$95 a year, as listed on Chase’s page on October 23, 2026.

How much are its points worth?

About 2.0¢ each: the median of 7 published valuations (range 1.4–2.07¢), checked October 23, 2026.

What credits does the Chase Sapphire Preferred include?

$250 a year in stated credits at face value, across 5 credits. By our default (only easy, flexible credits) you’d use $30, so the yearly cost after year 1 is $65.

Is the Chase Sapphire Preferred worth it?

It depends on your spending. At our sample profile ($31,100 a year, easy credits only) it comes to $2,439 in the first year and $939 each year after (Year 2+ value, after the annual fee). Enter your own numbers in the calculator.

The math at our sample profile

Sample: Dining & takeout $4,800 · Groceries $7,200 · Gas & EV charging $2,400 · Flights (booked with the airline) $2,000 · Hotels (booked with the hotel) $1,500 · Other travel $1,200 · Everything else $12,000. Credits: our default “easy” ticks.

Welcome bonus: 75,000 points × 2.0¢	$1,500
A year of earning: 50,200 points × 2.0¢	$1,004
Global Entry / TSA PreCheck / NEXUS application fee credit ($120 ÷ 4 yrs)	$30
Annual fee	−$95
First year / Year 2+	$2,439 / $939

Use my own spending →

Verify everything on the issuer’s site before applying; offers change and may differ for you. We don’t list APRs: see the issuer’s pricing & terms. TravelCardMath earns nothing from this card today.