Bottom Line Chase Sapphire Preferred is one of the best credit cards for bonus rewards, particularly if you like to travel. It's worth getting if you'll spend $4,000 in the first 3 months after opening an account, as you'll qualify for the card's generous 60,000-point initial bonus.

To determine the "break-even" point for the Chase Sapphire Preferred (CSP), you must primarily account for its $95 annual fee. In 2026, the card earns 3x points on dining and 2x on travel. If we value Chase Ultimate Rewards points at a conservative 1.25 cents each (the value when redeemed through the Chase Travel portal), you would need to spend roughly $2,533 annually on dining or $3,800 annually on travel to earn enough points to cover the $95 fee. However, this calculation ignores the card's significant "Statement Credits" and its valuable sign-up bonus, which often ranges from 60,000 to 75,000 points—worth over $750 in travel. The card also provides a $50 annual hotel credit, which effectively cuts the annual fee in half to $45. If you utilize the hotel credit, you only need to spend about $1,200 on dining per year to make the card "profitable." For most moderate travelers who eat out regularly and take at least one trip per year, the CSP is considered one of the easiest premium cards to justify due to its high redemption flexibility and robust travel protections.