Chase · Flexible points · Visa

Chase Sapphire Preferred: what it's really worth

The Chase Sapphire Preferred has a $95 annual fee. For a typical household spending $2,070 a month, it's worth about $1,686 in year one and $561 each year after.

Annual fee$95

Sign-up bonus$1,12575,000 points after $5,000 in 3 mo

Net value · year 1$1,686

Net value · each year after$561

Calculate it with your own spending

Is the annual fee worth it?

Worth keeping after year one for typical spending: it nets about $56 a year more than the Hilton Honors Card, the best no-fee card for the same spending.

How you earn

Category	Rate	Value per $1	Per year*
Dining	3x	4.5¢	$162
Groceries	1x	1.5¢	$90
Hotels	2x	3.0¢	$29
Flights	2x	3.0¢	$36
Gas	3x	4.5¢	$81
Streaming	3x	4.5¢	$22
Everything else	1x	1.5¢	$162

*At typical monthly spending: dining $300, groceries $500, hotels $80, flights $100, gas $150, streaming $40, everything else $900. 5x on travel booked through Chase Travel; 3x on online groceries (not Walmart, Target or wholesale clubs).

Credits and perks

$100 hotel credit — On hotel stays booked through Chase Travel. We count about $75 a year, since most people don't use every dollar.
Global Entry / TSA PreCheck credit
Purchase protection
Foreign transaction fee: none

Who it's for

A first travel card that's easy to get value from
Diners who also want gas and streaming rewards
Not ideal: People who'd never book travel through Chase

Can I get it?

Recommended credit: Good
Chase rules: 5/24: usually denied if you've opened 5+ personal cards (any bank) in the last 24 months. The bonus may be unavailable if you've had this card before.
Visa: Accepted almost everywhere, including Costco warehouses (Visa only).

Check the current offer at Chase

Updated Oct 30, 2026.