The Chase Sapphire Preferred is a popular travel rewards credit card with a $95 annual fee. It offers 5x points on travel purchased through Chase Travel, 3x points on dining including delivery and takeout, 3x points on select streaming and online groceries, and 2x points on other travel purchases. It has a new cardmember offer of 75,000 bonus points after spending $5,000 in the first 3 months. The card allows points transfers to several airline and hotel partners at a 1:1 ratio, including World of Hyatt, which is highly valued for transfer redemptions. It also provides benefits like a $50 annual hotel credit through Chase Travel and a complimentary 12-month DashPass membership with monthly DoorDash credits. Recently, Chase adjusted redemption rates for points through its travel portal, removing the standard 1.25 cents per point rate for new cardholders and introducing limited Points Boosts for select flights and hotels, varying from 1.5 to 1.75 cents per point. Existing cardholders before June 22, 2025, have extended benefits. The value of the card depends heavily on how one redeems points—via transfer partners or travel portal bookings—and individual preferences for travel benefits and simplicity. Overall, the Chase Sapphire Preferred remains valuable for travelers who maximize partner transfers and benefit from its dining and travel earning rates, but recent changes may affect those who rely on straightforward point redemptions through Chase Travel.
