The Chase Sapphire Preferred just got its biggest refresh in years. On June 15, 2026, Chase added new bonus categories, doubled a key credit, and introduced new travel protections — all while keeping the annual fee at $95. This review breaks down what changed, what stayed the same, and whether it’s still the best beginner travel card on the market.
Chase Sapphire Preferred: Key Details at a Glance
| Feature | This Card |
|---|---|
| Annual Fee | $95 (unchanged in the 2026 refresh) |
| Welcome Bonus | 100,000 points after spending $5,000 in the first 3 months (limited-time offer, confirm current terms before applying) |
| Travel via Chase Travel | 5X points |
| Dining, Streaming & Online Groceries | 3X points |
| Gas & EV Charging (NEW) | 3X points |
| Vacation Rentals (Airbnb, Vrbo) (NEW) | 3X points |
| Annual Hotel Credit | Up to $100 (doubled from $50) |
| TSA PreCheck/Global Entry/NEXUS Credit (NEW) | Up to $120 every 4 years |
| Foreign Transaction Fee | None |
For the full official terms, see Chase’s official Sapphire Preferred page.
What’s New in the June 2026 Refresh
This Chase Sapphire Preferred review reflects the card’s most significant update in years. Chase added 3X points on gas and EV charging stations, 3X on vacation rentals through Airbnb and Vrbo, doubled the annual hotel credit from $50 to $100, and introduced a new $120 credit toward Global Entry, TSA PreCheck, or NEXUS every four years. The card also gained emergency evacuation and transportation coverage, plus a complimentary one-year Apple TV+ subscription worth up to $156 when activated by December 31, 2026.
What Chase Took Away
The refresh isn’t only good news. According to Chase’s official announcement, two long-standing perks are being phased out. The 10% anniversary points bonus — which rewarded cardholders based on annual spending — is being discontinued. New applicants approved on or after June 15, 2026 don’t receive it at all, while existing cardholders keep earning it on purchases through October 1, 2026 before it ends.
The bigger change for points enthusiasts: transfers to World of Hyatt are being devalued from a 1:1 ratio to 4:3, meaning 1,000 Chase points now convert to only 750 Hyatt points. This takes effect immediately for new applicants and on October 1, 2026 for existing cardholders. Anyone who values Hyatt transfers as part of their points strategy should factor this into whether the card’s new credits offset the loss.
Pros and Cons
Pros
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Cons
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Who Should Get This Card
This review points to a few clear profiles that benefit most from the 2026 version of the card.
| Profile | Fit |
|---|---|
| First-time travel card applicant | Good fit — beginner-friendly fee with strong new credits |
| Books hotels and rental cars often | Good fit — $100 hotel credit and 5X on Chase Travel |
| Relies heavily on World of Hyatt transfers | Poor fit — 4:3 ratio significantly cuts point value |
| Wants a no-annual-fee option first | Consider our Citi Double Cash vs Chase Freedom Unlimited comparison instead |
If you’re comparing travel cards more broadly, our Amex Green vs Chase Sapphire Preferred comparison breaks down how these two beginner travel cards stack up against each other.
Frequently Asked Questions
Is the Chase Sapphire Preferred still worth the $95 fee in 2026?
For most cardholders, yes. The new $100 hotel credit alone can offset most of the annual fee, and the added $120 trusted traveler credit and expanded 3X categories make the card more valuable than before the June 2026 refresh — as long as you don’t rely heavily on Hyatt transfers.
What changed in the Chase Sapphire Preferred June 2026 refresh?
Chase added 3X points on gas, EV charging, and vacation rentals, doubled the hotel credit to $100, introduced a $120 Global Entry/TSA PreCheck/NEXUS credit, and added emergency evacuation coverage plus a year of Apple TV+. In exchange, the 10% anniversary bonus is being phased out and Hyatt transfers are devalued to 4:3.
Does this card charge foreign transaction fees?
No. The card has no foreign transaction fees, making it a solid option for international travel.
When does the Hyatt transfer devaluation take effect?
The 4:3 transfer ratio applies immediately to new applicants approved on or after June 15, 2026. Existing cardholders keep the 1:1 ratio until October 1, 2026.
Disclaimer: We are not financial advisors. This review is for informational purposes only and reflects publicly available terms as of 2026. Card terms, fees, and APRs can change — always confirm current details directly with the issuer before applying.