What are the Chase Sapphire Preferred benefits?

The Chase Sapphire Preferred benefits include: $50 annual hotel credit for Chase Travel bookings, $120/year DoorDash credit ($10/month), complimentary DashPass membership, 10% anniversary points bonus, 5x points on Chase Travel, 3x on dining and streaming, 2x on other travel, primary car rental insurance, trip cancellation/interruption insurance, and no foreign transaction fees. The card has a $95 annual fee.

How does the Chase Sapphire Preferred hotel credit work?

The Chase Sapphire Preferred includes a $50 annual hotel credit that applies to hotel stays booked through Chase Travel. The credit resets on your cardmember anniversary, not the calendar year. It automatically applies as a statement credit when you book eligible hotels.

What is the Chase Sapphire Preferred anniversary bonus?

The Chase Sapphire Preferred has a 10% anniversary points bonus. On your account anniversary each year, you earn bonus points equal to 10% of your total purchases from the previous year. For example, if you spent $20,000, you would receive 2,000 bonus points.

Does Chase Sapphire Preferred have lounge access?

No, the Chase Sapphire Preferred does not include airport lounge access. Lounge access is exclusive to the Chase Sapphire Reserve ($795/year). The Preferred is a mid-tier travel card focused on earning rates and basic travel protections.

What is the difference between CSP and CSR?

The Chase Sapphire Preferred ($95/year) offers fewer benefits than the Reserve ($795/year). CSP lacks lounge access, has a smaller hotel credit ($50 vs $300 travel + $500 hotel), and has secondary car rental insurance (vs primary on CSR). CSP earns lower bonus rates and doesn't include The Edit hotel access, Lyft, or Peloton credits.

Chase Sapphire Preferred Benefits 2025

Complete list of all Chase Sapphire Preferred benefits. The $95 annual fee includes hotel credit, DoorDash benefits, and a 10% anniversary bonus.

Last updated: December 2025

Annual Fee & Value Overview

The Chase Sapphire Preferred has a $95 annual fee—one of the lowest for a premium travel rewards card. The card offers solid earning rates and basic travel protections without the premium perks of higher-fee cards.

Statement Credits

Annual Credits

Hotel Credit: $50/year - For hotel stays booked through Chase Travel. Resets on membership anniversary.

Monthly Credits

DoorDash Credit: $10/month ($120/year) - For groceries, retail, and more through DoorDash (through 12/31/2027)

Anniversary Bonus

10% Points Bonus: Earn bonus points equal to 10% of your total purchases from the previous year on each account anniversary

Partner Benefits

DashPass Membership

Complimentary DashPass membership ($120 value for 12 months) with $0 delivery fees on eligible DoorDash orders through December 2027.

Points Earning Rates

5x points - Chase Travel purchases (excluding hotels that qualify for $50 credit)
5x points - Lyft rides (through 9/30/2027)
5x points - Peloton equipment over $150 (through 12/31/2027)
3x points - Dining at restaurants (including delivery)
3x points - Online grocery purchases (excluding Target, Walmart, wholesale clubs)
3x points - Select streaming services
2x points - Other travel purchases (flights, hotels, car rentals outside Chase Travel)
1x point - All other purchases

Ultimate Rewards points transfer 1:1 to airline and hotel partners including United, Southwest, Hyatt, Marriott, and British Airways.

Travel Insurance & Protections

Car Rental Insurance (Primary)

Primary coverage up to $60,000 for theft and collision damage on rental vehicles with MSRP up to $125,000. Primary coverage means it pays first before your personal auto insurance.

Trip Protection

Trip Cancellation/Interruption: Up to $10,000 per traveler, $20,000 per trip
Trip Delay: Up to $500 per traveler for delays over 12 hours or requiring overnight stay
Baggage Delay: Up to $100/day for 5 days for essentials when baggage delayed 6+ hours

Purchase Protections

Purchase Protection: Up to $500 per item for 120 days against damage or theft
Extended Warranty: Adds 1 year to manufacturer warranties up to 3 years

Other Benefits

No Foreign Transaction Fees
1:1 Point Transfers: Transfer to 10 airlines and 3 hotel partners at 1:1 value
Points Never Expire: Ultimate Rewards points don't expire while account is open
24/7 Customer Service: Access from virtually anywhere in the world
Chase Credit Journey: Free credit score and identity monitoring
Chase Pay Over Time: Split purchases $100+ into monthly payments

What's NOT Included (vs. Sapphire Reserve)

Unlike the Chase Sapphire Reserve ($795/year), the Preferred does not include:

Airport lounge access (no Priority Pass or Sapphire Lounge)
$300 annual travel credit
The Edit hotel access and $500 credit
Sapphire Exclusive Tables dining credit
StubHub credit
Lyft monthly credit
Peloton monthly credit
IHG Platinum Elite status
Apple TV+ and Apple Music subscriptions
Global Entry/TSA PreCheck credit
Reserve Travel Designers

Is the Chase Sapphire Preferred Worth It?

The Chase Sapphire Preferred is ideal for occasional travelers who want good earning rates without paying for premium perks they won't use. The $95 annual fee can be offset by:

$50 hotel credit
$120 DoorDash credit
10% anniversary bonus (value depends on spend)
= $170+ in annual value before considering earning rates

The CSP is a great entry point into the Chase ecosystem with 1:1 point transfers. If you travel frequently enough to use lounge access and higher credits, upgrade to the Reserve. If you rarely travel, the Freedom Flex (no annual fee) may be better.

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