Chase · Personal card
Chase Sapphire Preferred
The Chase Sapphire Preferred has a $95 annual fee and up to $250 a year in statement credits, across three credits. One of the three Sapphire Preferred credits needs a one-time enrollment before any spending counts, and Chase will not apply it retroactively.
- Annual fee
- $95
- Charged on your account anniversary
- Credits a year
- Up to $250
- 3 statement credits, used in full
- Need enrollment
- 1 of 3
- Credits. Enroll before you spend
Every credit, and when it resets
Amounts are per period. The last column is what each credit adds up to in a year if you use it every time.
| Credit | Amount | Resets | A year |
|---|---|---|---|
| Monthly DoorDash non-restaurant promoEnroll firstActivate DashPass with this card first.$10 a month. On the 1st of each month | $10 a month | On the 1st of each month | $120 |
| Chase Travel hotel creditNothing to enroll: the credit posts automatically when the card pays for a Chase Travel hotel booking.$100 a year. On your account anniversary, not January 1 | $100 a year | On your account anniversary, not January 1 | $100 |
| Global Entry, TSA PreCheck or NEXUS credit$120 each time. Available again every 4 years | $120 each time | Available again every 4 years | $30 |
| Total a year, if you use every credit | $250 |
What people get wrong
- Enrollment comes first. One benefit needs a one-time enrollment. Spend before you enroll and nothing posts, because Chase will not apply a credit retroactively.
- Not every credit resets in January. At least one resets on your account anniversary. Most people assume the calendar year.
- Nothing rolls over. Whatever is unused when a period ends is gone, so a monthly credit missed in March can't be used in April.
Questions about the Sapphire Preferred
What is the annual fee on the Chase Sapphire Preferred?
$95 a year, charged each year on your account anniversary.
How much are the Sapphire Preferred credits worth?
Up to $250 a year if you use all three statement credits in full. The largest: Monthly DoorDash non-restaurant promo ($120), Chase Travel hotel credit ($100) and Global Entry, TSA PreCheck or NEXUS credit ($30).
Which Sapphire Preferred benefits need enrollment?
One of the three: Monthly DoorDash non-restaurant promo. Enroll before you spend, because Chase will not apply a credit retroactively.
When do the Sapphire Preferred credits reset?
Monthly credits reset on the 1st of each month. Chase Travel hotel credit resets on your account anniversary, not January 1. Unused credit does not roll over.
Is the Sapphire Preferred worth the $95 fee?
On credits alone, only if you use at least 38% of them. They add up to $250 a year against the $95 fee, but each is tied to a merchant and a period, so what counts is the ones you would use anyway.
What points does the Sapphire Preferred earn?
Chase Ultimate Rewards points, worth about 1.78 cents each in a typical redemption.
