How the Chase Sapphire Preferred Card Could Save You $1,500+ in One Year

Published on April 15, 2025

James McClenathen

By: James McClenathen

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KEY POINTS

  • The limited-time sign-up bonus of 100,000 bonus points is worth up to $1,250 in Chase Travel℠ value.
  • A free DashPass membership, plus monthly DoorDash credits, could save you over $240 in a year.
  • You can also earn $50 in statement credits for hotel stays booked through Chase Travel.

The Chase Sapphire Preferred® Card (see rates and fees) has been one of the most popular travel cards for years. It pays big rewards for dining and travel purchases, and your points are worth more when you use them to book travel through Chase.

The list of perks goes on, but the biggest of all is the current sign-up bonus: 100,000 bonus points when you spend $5,000 within 3 months of opening an account.

That's the biggest bonus we've seen for this card in years, and it won't last long. Learn more about the Chase Sapphire Preferred card's perks and see if you should apply today.

Ratings Methodology
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Chase Sapphire Preferred® Card

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Chase Sapphire Preferred® Card
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5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Chase Sapphire Preferred® Card

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Good/Excellent (670-850)

Intro APR Circle with letter I in it. N/A

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Balance Transfers: N/A

Regular APR

19.99% - 28.24% Variable

Rewards Circle with letter I in it. Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.

5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases

Annual Fee

$95

Welcome Offer Circle with letter I in it. Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

100,000 bonus points

  • This card easily justifies the (very reasonable) annual fee with benefits that deliver real value. For a limited time, earn 100,000 bonus points after spending $5,000 in the first 3 months, which we estimate is worth $1,250 in Chase Travel℠ value. Plus, enjoy bonus travel and dining rewards, a $50 annual hotel credit, and 25% more value when booking through Chase Travel. With added travel protections like rental car insurance and trip reimbursement, we think this card is a game-changer for any traveler.

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    • Big sign-up bonus
    • Travel rewards
    • Dining rewards
    • Flexible travel points
    • Consumer and travel protections
    • Annual fee
    • Limited-time perks
    • Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
    • Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
    • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
    • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
    • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
    • Member FDIC

1. 100,000 bonus points

Chase Ultimate Rewards points are worth $0.01 each when you redeem them for statement cash back, gift cards, or Amazon purchases.

But when you instead use points to book travel through the Chase Ultimate Rewards portal, they're worth 25% more. That means the current sign-up bonus is worth up to $1,250 in Chase Travel℠ value when used to book a flight, hotel, or rental car through Chase.

That's enough to book a flight to Europe or a few nights at a high-end hotel. It's also enough to cover the card's $95 annual fee for 13 years.

2. Free DashPass subscription

Cardholders can activate a free DashPass subscription through the DoorDash app when they use their Chase Sapphire Preferred card to pay. The membership lasts for a year after activation.

DashPass gets you $0 delivery fees and reduced service fees when you place an order through DoorDash. It normally costs $9.99 per month, so this perk saves you about $120 a year.

You can also get a statement credit of up to $10 on one non-restaurant DoorDash order each month. That's worth another $120 per year.

And that's not even counting the money DashPass saves you on every order. I used my Chase Sapphire Reserve® card to get DashPass, and it saves me about $5 per order. For me, that's worth roughly $250 per year.

3. Annual hotel statement credit

This credit is especially easy to earn: just book a hotel stay through Chase Travel, and you'll get $50 back.

Note that you need to spend at least $50 in actual money; if you pay for the booking entirely with points, you won't get the credit. Luckily, you have the option to pay with any combination of cash and points if you'd like.

You could earn even bigger rewards

We haven't even gotten into the Chase Sapphire Preferred card's generous spending rewards:

  • 5X points on travel purchased through Chase Travel℠
  • 2X points on all other travel
  • 3X points on dining, select streaming services, and online groceries
  • 1X points per dollar on other purchases

Depending on how much you spend, you could save hundreds or thousands of dollars more per year with the points you rack up.

If you could use a new travel card, then this one is hard to beat, especially right now. To apply for the Chase Sapphire Preferred® Card, click here -- before the limited-time opportunity for 100,000 bonus points is gone.

Our Research Expert

James McClenathen
James McClenathen icon-button-linkedin-2x

Managing editor for Motley Fool Money. James has worked full-time for The Motley Fool since 2012. A longtime editor and former reporter, James oversees the production and quality of Motley Fool Money's editorial content.