You’ve probably heard of the Chase Sapphire Preferred—either because you have this credit card, or because you’ve traveled with someone who does.
For less than $100 a year, this travel card comes with an annual hotel credit, generous complimentary travel insurance, and neat rewards on dining, online groceries, and travel expenses.
If this wasn’t compelling enough, the Chase Sapphire Preferred actually just got better: As of June 10, 2026, new and existing cardholders will get even more benefits with no increase to the $95 annual fee. Here’s everything you need to know about the updates.
A $100 annual hotel credit more than covers the card fee
The Chase Sapphire Preferred hasn’t been updated in several years. Out of the new perks, the two best changes are the $100 annual hotel credit, and the bonus rewards on gas and EV charging expenses as well as vacation home rentals.
Cardholders also get a $100 annual credit toward hotels booked through Chase—double the previous amount—and statement credits worth up to $120 once every four years to cover the cost of Global Entry, TSA PreCheck, or NEXUS enrollment for expedited airport security screening. The $100 hotel credit alone gets you ahead of the card’s $95 annual fee, and goes much farther toward covering the cost of an average night’s stay than the previous $50. (If you’ve already used your Sapphire Preferred credit for 2026, you’ll receive an additional $50 to spend before your next card anniversary.)
Pay for your next vacation with elevated rewards
Starting June 15, 2026, new and existing Sapphire Preferred cardholders will earn 3 Chase Ultimate Rewards points per dollar on gas and EV charging purchases as well as vacation home rentals, including Airbnb and Vrbo. Earning 3 points per dollar on gas and EV charging also makes current fuel prices feel a little more bearable, while the same elevated rewards rate brings Airbnb and Vrbo purchases on par with hotel stays and other traditional housing.
Furthermore, cardholders will also get complimentary emergency evacuation and transportation travel insurance coverage on eligible claims, as well as a one-year Apple TV+ subscription if they activate this benefit by December 31, 2026.
All of these new perks are in addition to the Sapphire Preferred’s many existing benefits, which include earning 5 points per dollar on travel purchased through Chase; 3 points per dollar on dining and online groceries; no foreign transaction fees on purchases made internationally; and generous travel insurance protections on flights, hotels, and rental cars that you purchase with the credit card.
A no-brainer for families and casual travelers
With these new benefits, the Chase Sapphire Preferred becomes a no-brainer for families and casual travelers who need a credit card that works for both everyday expenses as well as travel. The bonus categories allow you to quickly rack up points on food, transportation, and other little expenses that add up in no time—funding your next big family vacation or getaway before you know it.
If you only take a big trip once or twice a year, the Chase Sapphire Preferred makes far more sense in your wallet than a pricy credit card with luxury travel perks. Premium travel credit cards like the Amex Platinum and the Chase Sapphire Reserve often focus heavily on rewards for airfare and hotel spending. However, infrequent travelers often turn to road trips when flight prices trend upward, especially when traveling with a family.
Two drawbacks primarily impact points and miles fans
There are, however, two major downsides to the Sapphire Preferred’s newest update: Chase to Hyatt transfer rates are decreasing, and the 10% anniversary bonus is going away. While this news is a bummer for points and miles aficionados, everyday travelers and cashback rewards fans will barely notice the change.
