Chase Sapphire Preferred Boosts Rewards Without Raising Annual Fee
Event summary
- Chase Sapphire Preferred card now offers 3x points on gas, EV charging, and vacation rentals, effective June 15, 2026.
- Annual hotel credit doubled to $100, with new $120 travel credit for Global Entry/TSA PreCheck every four years.
- Complimentary Apple TV subscription for one year when activated by December 31, 2026.
- 10% Anniversary Bonus Benefit discontinued for new cardmembers starting June 15, 2026.
- Ultimate Rewards points now transfer to World of Hyatt at a 4:3 rate for new cardmembers.
The big picture
Chase’s move to enhance the Sapphire Preferred card without raising the annual fee underscores the intensifying competition in the premium travel rewards space. As consumers increasingly prioritize flexible redemption options and travel protections, card issuers are doubling down on value-added perks to retain high-spending customers. With $4.9 trillion in assets, Chase’s ability to leverage its vast partner network—including Airbnb, Vrbo, and World of Hyatt—positions it to sustain its leadership in the credit card segment.
What we're watching
- Competitive Response
- How rival card issuers like Amex and Capital One will react to Chase’s enhanced rewards structure.
- Customer Retention
- Whether the new benefits will offset the loss of the 10% Anniversary Bonus for existing cardholders.
- Partnership Dynamics
- The pace at which Chase expands or adjusts its partnerships with travel and lifestyle brands.