The Sapphire Preferred has an annual fee of just $95 per year but comes with premium benefits. In addition to its one-time welcome offer, the card continually earns 5 points per dollar on travel purchased through Chase Travel℠, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on other purchases. Once a year, you’ll also receive a 10% points bonus on your total spending from the previous year (so $25,000 in spending would earn a 2,500 points bonus).

All cardholders can earn up to $50 per year in statement credits when booking a hotel stay through Chase Travel. Eligible trips will also be covered by some of the best trip protections available through a credit card including trip cancellation and interruption insurance, trip delay reimbursement, baggage delay insurance and primary rental car collision coverage all at no extra cost.

There are also no foreign transaction fees on the Sapphire Preferred, making it a fantastic companion card to take with you when traveling internationally.