Overview
- Chase overhauled the Sapphire Preferred to add higher earn rates for common spending, including 5x points on Chase Travel, Lyft and eligible Peloton purchases and 3x points on gas, EV charging and vacation‑home bookings.
- New applicants can access a limited‑time 100,000‑point welcome bonus after meeting a spending threshold, making the card more attractive for people seeking a single go‑to rewards card.
- The product now bundles simple, easy‑to‑use perks — a $100 annual Chase Travel hotel credit, at least one year of Apple TV, DoorDash DashPass plus a $10 monthly DoorDash nonrestaurant credit, and a Trusted Traveler statement credit — many of which require activation windows to claim.
- Chase changed the Hyatt transfer math so new Sapphire Preferred accounts convert Ultimate Rewards to World of Hyatt at a less favorable ratio, a move reviewers say reduces value for specific hotel redemption strategies.
- The relaunch will help beginners, families and everyday spenders who want one card for most purchases, but approvals remain subject to Chase rules and some benefits are time‑limited so timing of enrollment and activation will affect total value.