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Chase Sapphire Preferred Calculator

Estimate whether Chase Sapphire Preferred is worth the annual fee for your own dining, travel, streaming, online grocery and Ultimate Rewards habits.

$95 fee mathUltimate RewardsFirst-year bonusPreferred vs Reserve
Independent estimate: this calculator is not affiliated with Chase. Card terms, credits, earning categories, bonus offers and eligibility rules can change. Check current Chase terms before applying, upgrading, keeping or canceling a card.

Calculate your Sapphire Preferred value

Use your own spending and a realistic Ultimate Rewards point value. The first-year value can be very different from the ongoing annual value.

Basic assumptions
Annual spend by category
Estimated value

What this calculator answers

People searching for a Chase Sapphire Preferred calculator usually want to know if a lower-fee travel card is worth keeping, applying for or comparing with Sapphire Reserve.

Lower annual feeThe $95 fee creates a much lower break-even point than premium travel cards.
Bonus can dominate year oneA welcome bonus may make the first-year value look strong even if ongoing value is modest.
Points value mattersUltimate Rewards value depends on how you redeem or transfer points.

Formula used

Ongoing net value = credits used + annual Ultimate Rewards value + other benefits - annual fee\nFirst-year net value = ongoing net value + welcome bonus value

The category points estimate uses simplified assumptions in the calculator: dining at 3x, general travel at 2x, Chase Travel at 5x, online grocery/streaming at 3x and other spend at 1x. Adjust your inputs if your actual eligible categories differ.

When Sapphire Preferred may be worth it

  • You want flexible travel points without a high premium-card fee.
  • You use dining and travel categories enough to generate meaningful Ultimate Rewards points.
  • You value the welcome bonus but also have ongoing spend after year one.
  • You do not use enough premium travel benefits to justify Sapphire Reserve.

When to be careful

  • You prefer no-annual-fee cash back simplicity.
  • You do not use travel redemptions or transfer partners.
  • You are comparing only first-year bonus value and ignoring future years.
  • You already have another card covering the same categories better.

Sapphire Preferred vs Sapphire Reserve

Preferred is usually the lower-fee, easier break-even card. Reserve can win if you use enough premium travel credits, lounge access and higher-value benefits to overcome the much higher annual fee.

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FAQ

Is Chase Sapphire Preferred worth it for occasional travelers?

It can be, because the annual fee is much lower than premium cards. The calculator helps compare your annual points value and usable benefits against that fee.

What point value should I use?

Use a conservative value if you redeem simply. Use a higher value only if you reliably get strong travel-transfer value.

Should I count the welcome bonus?

Count it separately as first-year value. The ongoing annual value is more important for a keep-or-cancel decision after the first year.