Jump to section Facebook Twitter LinkedIn Copy URL Email The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don’t cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information. Editor's Note This is a recurring post, regularly updated with new information and offers. Whether you're a frequent traveler or a beginner to points and miles , there are many reasons the Chase Sapphire Preferred® Card (see rates and fees ) is a great option for you.
But with a $95 annual fee, you may ask, is the Sapphire Preferred worth it?
The Sapphire Preferred was my first transferable rewards card and my first one with an annual fee . After holding the card for a couple of years, I still strongly affirm that I've received significantly more value from the card than I've paid in annual fees.
Chase Sapphire Preferred® Card — Last chance to earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. Offer ends July 30 at 3 p.m. ET.
Plus, with recent updates to the Sapphire Preferred's earning rates and annual credits , I'll receive even more value from the card going forward. Let's explore how you, too, can get much more value from the card than it costs to carry each year.
This is travel rewards card 101: A large portion of the value you receive from a new card (especially in the first year ) comes from earning its welcome bonus . This is especially true with the Sapphire Preferred .
Currently, new applicants can earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. This is your last chance to apply, the offer ends July 30 at 3 p.m. ET.
TPG's July 2026 valuations place this bonus at $2,050 when you leverage the Chase Ultimate Rewards program's valuable transfer partners .
The value of this bonus alone completely offsets the $95 annual fee for the first year.
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Related: Reasons to choose the Sapphire Preferred over the Sapphire Reserve
If you hold the Sapphire Preferred , you'll receive a $100 statement credit each account anniversary year to book hotel stays purchased through the Chase Travel℠ portal.
(This is double the value of the previous $50 hotel credit. And, if you already have the card and used your $50 credit, you'll receive an additional $50 to spend this year.)
All you have to do is log into Chase Travel, select your Sapphire Preferred (if you have multiple Chase cards), search for hotels and book your stay.
In our experience, the statement credit usually posts within four business days.
If you maximize this credit by booking a hotel through Chase Travel, you'll completely offset the Sapphire Preferred's $95 annual fee — and net $5 in value.
Related: Who should (and shouldn't) get the Sapphir…