The Chase Sapphire Preferred, issued by Chase, is a premium contender in the market.
Chase Sapphire Preferred Payoff Analysis
Time to Pay Off
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Rewards Earned
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Interest Paid
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Interest Earned
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Interest earned by keeping your cash in a yield-bearing account during the grace period.
Formula: Balance × (APY / 365) × Days. --
Formula: Balance × (APY / 365) × Days. --
* Estimates use live economic data (Prime Rate: 6.75%) and daily compounding. Does not include new purchases or late fees.
Snapshot
Chase Sapphire Preferred | |
|---|---|
| Issuer | Chase |
| Network | Visa (Visa Signature) |
| Card Material | Metal |
| Annual Fee | $95.00 Effective: $-75.00 • $50 Annual Chase Travel Hotel Credit • $120 DoorDash Grocery/Retail Credit |
| Base Rate | 1.00% |
| Travel Rewards | 2.00x |
| Authorized User Fee | $0.00 |
| Foreign Transaction Fee | None |
| Credit Reporting | Ex, Eq, Tu |
| Product Lifecycle | Available (16y ago) |
| Minimum Credit Line | $5000 |
Welcome Offer
| Bonus | 75,000 Chase Points |
| Spend Requirement | $5,000 |
| Timeline | 90 days |
| Efficiency Score | 15.00 pts/$1 |
| Cash Back Value | $750 |
| Portal Travel Value | $938 |
| Transfer Estimated Value | $1,500 |
Rewards Breakdown
| Base Rate | 1.00% |
| Chase Travel | 5.0x |
| Dining | 3.0x |
| Lyft | 5.0x |
| Online Grocery | 3.0x |
| Peloton | 5.0x |
| Streaming | 3.0x |
| Travel (Other) | 2.0x |
| Anniversary Bonus | +10% |
| Portal Boost | 1.25x |
Transfer Partners
| Aer Lingus AerClub | 1.2¢ (1:1 Ratio) |
| Air Canada Aeroplan | 1.5¢ (1:1 Ratio) |
| British Airways Executive Club | 1.5¢ (1:1 Ratio) |
| Emirates Skywards | 1.2¢ (1:1 Ratio) |
| Air France-KLM Flying Blue | 1.2¢ (1:1 Ratio) |
| World of Hyatt | 2.3¢ (1:1 Ratio) |
| Iberia Plus | 1.2¢ (1:1 Ratio) |
| IHG One Rewards | 0.5¢ (1:1 Ratio) |
| JetBlue TrueBlue | 1.3¢ (1:1 Ratio) |
| Marriott Bonvoy | 0.8¢ (1:1 Ratio) |
| Singapore Airlines KrisFlyer | 1.3¢ (1:1 Ratio) |
| Southwest Rapid Rewards | 1.4¢ (1:1 Ratio) |
| United MileagePlus | 1.3¢ (1:1 Ratio) |
| Virgin Atlantic Flying Club | 1.4¢ (1:1 Ratio) |
Pricing Details
| Purchase APR | 19.24% - 27.49% |
| Cash Advance Fee | 5% |
| Balance Transfer Fee | 5% |
| Late Payment Fee | Up to $40 |
| Minimum Interest Charge | $0.00 |
| Grace Period | 21 days |
| Penalty APR | 29.99% |
Benefits & Partners
| Transfer Partners | 14 Partners |
| Annual Credits | $50 Annual Chase Travel Hotel Credit $120 DoorDash Grocery/Retail Credit |
| Partnership Benefits | 3 Programs |
| Lyft | 5.0x Chase Points |
| Peloton | 5.0x Chase Points |
| DashPass Perk | Complimentary Membership ($9.99/mo) |
Usability & Experience
| Digital Wallets | apple-pay, google-pay, samsung-pay |
| Customer Service | 24/7 Direct Specialist |
| Instant Use | Available |
Strategy & Eligibility
| Min. Credit Score | 690+ |
| Recommended Range | Good/Excellent |
| Chase 5/24 Rule | Strict (Chase) |
| Lifetime Restriction | Yes |
| Active Family Restriction | Yes (Sapphire Family (One Sapphire card at a time)) |
| Closure Grace Period | 2 weeks |
Comparisons
See how the Chase Sapphire Preferred compares to other cards.