Question 1

Is the Chase Sapphire Preferred worth the annual fee?

Accepted Answer

The Chase Sapphire Preferred is worth its $95 annual fee if you use most of its 23+ benefits. Calculate your ROI by adding the value of credits you redeem, lounge visits, and points earned, then compare to the annual fee. If total value exceeds the fee, keep the card. Tools like kardfolio can automate this calculation.

Question 2

When do Chase Sapphire Preferred benefits expire?

Accepted Answer

Chase Sapphire Preferred benefits expire on different schedules: monthly credits reset on the 1st, quarterly credits every 3 months, and annual credits on your cardmember anniversary or calendar year end. Check each benefit's terms for specific dates. Benefit tracking apps can send alerts before expiration.

Question 3

How do I track Chase Sapphire Preferred benefits?

Accepted Answer

Track Chase Sapphire Preferred benefits by: 1) listing all 23+ benefits and their values, 2) recording when you use each benefit, 3) setting calendar reminders before credits expire, 4) calculating total value vs annual fee. Apps like kardfolio automate this with expiration alerts and ROI tracking.

Question 4

What are the Chase Sapphire Preferred earning rates?

Accepted Answer

The Chase Sapphire Preferred earns: 5x on Lyft rides (through 9/30/2027), 5x on Peloton equipment and accessories over $150 (through 12/31/2027, max 25,000 points), 5x on Purchases through Chase Travel (the first $100 in annual Chase Travel hotel purchases that qualify for the hotel credit does not earn points). Base rate is typically 1x on all other purchases. Points can be redeemed through the issuer's portal or transferred to airline/hotel partners for potentially higher value.

Question 5

Does the Chase Sapphire Preferred have foreign transaction fees?

Accepted Answer

No, the Chase Sapphire Preferred has no foreign transaction fees. This makes it suitable for international travel and purchases in foreign currencies without the typical 3% fee charged by many cards.

Chase Sapphire Preferred

Chase Sapphire Preferred

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Streaming

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Insurance

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