Mid-frequency travelers (4-8 trips/yr) who want Ultimate Rewards transfer-partner access without the Sapphire Reserve's $795 AF. United still transfers 1:1, and the June 2026 refresh added 3x on gas, EV charging, and vacation rentals plus a $100 annual Chase Travel hotel credit and a $120 TSA PreCheck/Global Entry credit every four years.

Not for

Light travelers (the $95 AF doesn't pencil under ~$1,500 of travel/yr), Hyatt loyalists chasing the old 1:1 transfer, and readers who won't bother with transfer-partner redemptions — at 1.0 cpp through the portal, this is just a 2x travel card with extra steps.

The catch

Chase cut the Ultimate Rewards → Hyatt transfer ratio from 1:1 to 4:3 for Preferred cardmembers (new applicants immediately from June 15, 2026; existing cardholders Oct. 1, 2026) — only the Sapphire Reserve still transfers to Hyatt at 1:1. United still transfers 1:1, and the 25% Chase Travel portal boost (1.25 cpp) is unaffected, but score the card around your actual redemption mix, not the old Hyatt math.

Card facts

Sourced from the issuer's published Schumer Box and terms — confirm current numbers at the issuer.

Product specs

Annual fee: $95
Ongoing APR: 19.24% – 27.49% variable
Foreign transaction fee: None
Balance transfer fee: $5 or 5%
Late payment fee: Up to $40
Schumer Box sourced: July 14, 2026

How we scored this card

See our published methodology — 5 dimensions, 0–20 each, 100-point total.

Effective rewards rate17 / 20

Fee structure16 / 20

Audience fit17 / 20

Transparency and trust16 / 20

The weakness, named17 / 20

Total83 / 100 · Solid pick

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Frequently asked

Is the Chase Sapphire Preferred's $95 annual fee worth it?

The Chase Sapphire Preferred charges a $95 annual fee. In our review it earns a fees score of 16/20 — the "How we scored this card" section below shows how we weigh that against the rewards and benefits. Mid-frequency travelers (4-8 trips/yr) who want Ultimate Rewards transfer-partner access without the Sapphire Reserve's $795 AF. United still transfers 1:1, and the June 2026 refresh added 3x on gas, EV charging, and vacation rentals plus a $100 annual Chase Travel hotel credit and a $120 TSA PreCheck/Global Entry credit every four years.

What APR does the Chase Sapphire Preferred charge?

19.24% – 27.49% variable. APRs are variable and set by the issuer — confirm the current range on the issuer's Schumer Box before you commit.

Does the Chase Sapphire Preferred charge foreign transaction fees?

No. The Chase Sapphire Preferred has no foreign transaction fee, so it works cleanly for purchases abroad.

Who is the Chase Sapphire Preferred best for?

Who should skip the Chase Sapphire Preferred?

How did ClearValue score the Chase Sapphire Preferred?

Chase Sapphire Preferred scored 83/100 — "Solid pick". We score every card across five dimensions (effective rewards, fee structure, audience fit, transparency, and the weakness named), 0–20 each. Scores are never influenced by commission. See our methodology for the full rubric.

Alternatives to the Chase Sapphire Preferred

Other travel cards we've scored, ranked by our methodology.

Compare the Chase Sapphire Preferred to

This review carries no partner link and earns nothing from what you read here — our scoring is never influenced by compensation, and reflects only our published rubric. When you use our match tool, we may be paid by a partner (CardRatings) if you continue with a card from there. See our methodology and disclosure.

Chase Sapphire Preferred83/100 · Solid pick

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