Chase Sapphire Preferred Card: Worth It in 2026?

💡 The Chase Sapphire Preferred card remains a solid choice for travelers, despite rising competition.

The Chase Sapphire Preferred card has long been a favorite among travelers and rewards enthusiasts. However, the card landscape has evolved significantly since its introduction in 2009. With new players entering the market and existing cards improving their offerings, is the Chase Sapphire Preferred still worth it in 2026?

Benefits and Rewards

The Chase Sapphire Preferred offers a generous sign-up bonus of 60,000 points after spending $4,000 in the first three months. Additionally, cardholders earn 5x points on travel purchases and 3x points on dining. The card's rewards points can be transferred to popular loyalty programs like United Airlines' MileagePlus and Hyatt's World of Hyatt.

Fees and Interest Rates

The Chase Sapphire Preferred comes with a $95 annual fee, which may seem steep for some users. However, the card's rewards and benefits can more than offset this cost for frequent travelers. The card also features a 0% foreign transaction fee, making it an excellent choice for international travelers.

Competition and Alternatives

Several credit cards have entered the market, offering similar benefits and rewards. The Capital One Venture Rewards Credit Card, for example, offers a higher 60,000-mile sign-up bonus and a $0 foreign transaction fee. The Citi Premier Card also offers 3x points on travel and a $95 annual fee.

What It Means for Investors