Award System

Chase Ultimate Rewards

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Bank

JP Morgan Chase

Bank Details »

Reconsideration Phone
800.935.9935

Breaking Points

May 9, 2024
JP Morgan Chase
Mini Points - May 2024

CHASE CARDS LIMITED TIME OFFERS - GET YOUR ULTIMATE REWARDS:

- Chase Sapphire Reserve - 75,000 points after spending $4000 in 3 months - $550/annual fee.

- Chase Sapphire Preferred - 75,000 points after spending $4000 in 3 months - $95/annual fee.

BRITISH AIRWAYS AVIOS OFFER:

- British Airways Visa - 80,000 avios after spending $5000 in 3 months - $95/annual fee.

April 10, 2023
Chase Sapphire Preferred
Mini Points - April 2023

- Citi Premier MasterCard - Limited Time Offer - 75,000 Points, after spending $4000 in 3 months, $95 Annual fee.

- Citi AAdvantage Platinum - Special Offer - $75,000 AA Miles, after spending $3500 in 4 months, $0 Annual fee for the first year, then $99.

- Chase Sapphire Visa - Limited Time Offer - 80,000 Points, after spending $4000 in 3 months, $95 Annual fee.

- Air France KLM World Elite Mastercard - Limited Time Offer - 70,000 Points, after spending $2000 in 3 months, $89 Annual fee.

April 14, 2022
Chase Sapphire Preferred
Chase Sapphire Preferred Limited Time Offer

Chase has a limited time offer on their Sapphire Preferred Card. Get 80,000 bonus points after spending $4000 in the first 3 months, this card comes with a standard $95 annual fee that is not waived.

July 29, 2021
Delta SkyMiles
Mini Points - August 2021

- Delta Airlines is extending Medallion status & other benefits into 2023.

- Ultimate Rewards welcomes Aeroplan as their newest transfer partner with a 1:1 transfer.

- Hyatt adds more than 30 new smaller luxury hotels throughout the world for you to use your points on.

- Chase Sapphire Preferred Cards are getting a face-lift with new improved benefits & earning rates.

Bonus Points Minimum Spend Point Value Annual Value Annual Fee 1st Year Value
60,000 $4,000 1.6 ¢ $87 $95 $1016
Best Value Differentiating Perks Rules
Southwest, United & Hyatt transfers 3X points on dining, 2X on travel. 125% Point redemption on Chase portal 1/48 Sapphire , 5/24 , Chase 2/30 , Chase 4/6
Most Recent Special Offer: 75,000 Bonus Points for $4,000 spend ended Jun 2024
Card Type: Personal

Spend Categories

Airfare = »

2X points
3.2¢ Per Dollar Spent

All Other = »

1X points
1.6¢ Per Dollar Spent

Entertainment and Streaming + »

3X points
4.8¢ Per Dollar Spent

Grocery Stores - »

3X points
4.8¢ Per Dollar Spent

Hotels = »

2X points
3.2¢ Per Dollar Spent

Parking + »

2X points
3.2¢ Per Dollar Spent

Restaurants + »

3X points
4.8¢ Per Dollar Spent

Travel + »

2X points
3.2¢ Per Dollar Spent

Rideshare and Transit + »

5X points
8¢ Per Dollar Spent

Fitness Memberships - »

5X points
8¢ Per Dollar Spent

Delivery Services + »

3X points
4.8¢ Per Dollar Spent

Card Benefits

Car Rental Insurance »
Using this card give you primary car rental coverage for theft and collision damage up to the cost of the vehicle in the U.S. and abroad.
Travel Insurance »
Travel accident insurance up to $500,000; lost luggage insurance up to $3,000 per person; trip cancellation insurance up to $10,000 per person; baggage delay insurance up to $100 per day for 5 days; trip delay reimbursement up to $500 per ticket
No Foreign Transaction Fees »
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Concierge »
Call 1-800-953-7392 to get complimentary assistance making dinner reservations, buying theater tickets, getting travel guides, sending gifts/flowers, and dozens of other specific requests.
Roadside Assistance »
A flat $59.95 fee for towing up to 5 miles, tire changing, jump starting, locksmith service, fuel delivery and standard winching; cardholder will be charged for any additional services or goods provided.
Statement Credits »
For a limited time get up to $300 in Chase Travel statement credits in the first year of account opening for any purchases made on Chase Travel.
Purchase Protection »
Your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Extended Warranty »
This card extends the manufacturer's warranty by an additional year on warranties of three years or less.

Point Transfer Options

Transfer To Spouse/Partner Yes

Transfer To Friends No

Travel Partner Transfers

Chase Ultimate Rewards Outside Point System

Transfers Out To
Point Transfer Options
Air Canada Aeroplan

1:1 75% value retained

Point Transfer Options
British Airway Executive Avios

1:1 63% value retained

Point Transfer Options
Cash in Cents

1:1 63% value retained

Point Transfer Options
Flying Blue and Air France

1:1 75% value retained

Point Transfer Options
IHG Rewards

1:1 38% value retained

Point Transfer Options
jetBlue trueBlue

1:1 75% value retained

Point Transfer Options
Marriott Bonvoy

1:1 38% value retained

Point Transfer Options
Singapore KrisFlyer

1:1 81% value retained

Point Transfer Options
Southwest Rapid Rewards

1:1 81% value retained

Point Transfer Options
United MileagePlus

1:1 94% value retained

Point Transfer Options
Virgin Atlantic Flying Club

1:1 94% value retained

Point Transfer Options
World of Hyatt

1:1 100% value retained

Why You Might Want This Card

If You Don't Qualify For The Reserve Card, This Is A Super Consolation

Think of the Sapphire Preferred as the younger sibling to the Reserve card. It has a lot of the same benefits including car rental insurance, travel insurance, cell phone protection, road side assistance and extended warranty. The spending multipliers are respectable at 2 x for airlines, travel and hotels (vs. 3x for the Reserve). The sign-up bonus is better-than-average but the flexibility of the rewards - exceptional. The sign-up offer has increased over the years which is great because you can now transfer points to 13 hotel and airline partners at a 1-to-1 ratio. And if you use your reward points for this card on the Chase Travel Portal, each of your points gets a 25% boost (if your partner or spouse has the Sapphire Reserve card, the boost in your point value becomes 50%) This card is for travelers who can't qualify for the Reserve -- or who are strategizing with a partner to get both the Sapphire Reserve and the Sapphire Preferred.

The one thing that can make the Preferred more attractive than the Reserve is you can get 60,000 points a year in referrals (10,000 per referral). So if you regularly refer people, or have a lot of people you have referred to the Points Navigator, this could be the better option for you. It is of course our philosophy to always refer the card that is best for a person, not the one with the referral payment.

This card will count toward the 5/24 rule. But if you don't have it (or don't qualify for the Sapphire Reserve), it really is a no-brainer to add. The sign-up bonus is generous, the 2x points earning category is liberal, the redemption is easy and versatile. This is a great starter card -- or even for points and miles experts -- it's great to revisit this card. Something to remember though, is you cannot hold this card and the Chase Reserve at the same time anymore, so if you are torn between the two make sure you are decided on which one before you apply. Our suggestion is that if you have a spouse or partner -- one of you should get the Reseve, and the other the Preferred.

Check out our Chase Ultimate Rewards page for more details on how to best use Chase Points.

Bottom Line

If it weren't for the Reserve, the Preferred would be one of our favorite cards. Chase only allows customers to have one card or the other — so if you can only choose one, go for the Reserve (if you qualify for it). But if your spouse already has the Reserve -- or if you think you'll get at least 2 referrals in a year -- than the Preferred might be the better card of the two. The takeaway is that everyone in the points game should have either the Reserve or the Preferred. Many sites rank the Sapphire Preferred above the Reserve. We disagree. And we believe the reason those sites try to steer you away from the Reserve card is simple: They get paid on the Preferred card referrals and not the Reserve card referrals. Here is an article that breaks down which is best for you and why >

Application Rules

You cannot receive a Sapphire card sign-up bonus if you've already received a bonus from either version within previous 48 months

Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months

You'll be declined if you apply for a third Chase card of any kind within 30 days

Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months

Best for Series

Below is a snapshot of where this card performs best compared to the other cards in our database:

Breaking Points

May 9, 2024
JP Morgan Chase
Mini Points - May 2024

CHASE CARDS LIMITED TIME OFFERS - GET YOUR ULTIMATE REWARDS:

- Chase Sapphire Reserve - 75,000 points after spending $4000 in 3 months - $550/annual fee.

- Chase Sapphire Preferred - 75,000 points after spending $4000 in 3 months - $95/annual fee.

BRITISH AIRWAYS AVIOS OFFER:

- British Airways Visa - 80,000 avios after spending $5000 in 3 months - $95/annual fee.

April 10, 2023
Chase Sapphire Preferred
Mini Points - April 2023

- Citi Premier MasterCard - Limited Time Offer - 75,000 Points, after spending $4000 in 3 months, $95 Annual fee.

- Citi AAdvantage Platinum - Special Offer - $75,000 AA Miles, after spending $3500 in 4 months, $0 Annual fee for the first year, then $99.

- Chase Sapphire Visa - Limited Time Offer - 80,000 Points, after spending $4000 in 3 months, $95 Annual fee.

- Air France KLM World Elite Mastercard - Limited Time Offer - 70,000 Points, after spending $2000 in 3 months, $89 Annual fee.

April 14, 2022
Chase Sapphire Preferred
Chase Sapphire Preferred Limited Time Offer

Chase has a limited time offer on their Sapphire Preferred Card. Get 80,000 bonus points after spending $4000 in the first 3 months, this card comes with a standard $95 annual fee that is not waived.

July 29, 2021
Delta SkyMiles
Mini Points - August 2021

- Delta Airlines is extending Medallion status & other benefits into 2023.

- Ultimate Rewards welcomes Aeroplan as their newest transfer partner with a 1:1 transfer.

- Hyatt adds more than 30 new smaller luxury hotels throughout the world for you to use your points on.

- Chase Sapphire Preferred Cards are getting a face-lift with new improved benefits & earning rates.

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