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Chase Sapphire Preferred Refresh: $100 Hotel Credit, 3x Gas, TSA/GE Benefit, Apple TV+ & More — Same $95 Annual Fee

Chase is making meaningful updates to the Chase Sapphire Preferred® Card starting June 15, 2026, and the big headline is this: the card’s $95 annual fee is not increasing.

That alone is notable. In a world where premium and mid-tier travel cards keep adding statement credits while also raising annual fees, Chase appears to be taking a more cardholder-friendly approach with the Sapphire Preferred refresh.

There are some genuinely positive changes here, including a bigger Chase Travel hotel credit, new 3x earning categories, a Trusted Traveler Program credit, a one-year Apple TV+ offer, and expanded travel protections.

But there is also one very ugly change for points and miles fans: Hyatt will no longer be a 1:1 transfer partner.

That is a major blow.

Let’s break down the good, the bad, and what this means for Chase Sapphire Preferred cardholders.

Chase Sapphire Preferred Changes Coming June 15, 2026

Beginning June 15, 2026, the Chase Sapphire Preferred is getting a refresh with several new and improved benefits.

Here are the major changes:

  • The annual fee remains $95
  • The Chase Travel hotel credit increases from $50 to $100
  • The card will earn 3x points on gas and EV charging
  • The card will earn 3x points on select vacation rental platforms
  • A new $120 Global Entry, TSA PreCheck, or NEXUS credit will be available once every four years
  • Cardholders can receive a complimentary one-year Apple TV+ subscription as a one-time offer
  • Travel protections are being expanded to include Emergency Evacuation and Transportation coverage
  • The 10% Anniversary Points Bonus is ending
  • Hyatt is no longer a 1:1 Chase Ultimate Rewards transfer partner

Overall, this is a mixed refresh. Chase added real value to the card, but the Hyatt transfer change is the kind of update that will sting for many award travelers.

The Annual Fee Is Staying at $95

The best part of this refresh may be what Chase is not changing.

The Chase Sapphire Preferred annual fee will remain $95.

That is important because Chase is adding new benefits without turning the Sapphire Preferred into another coupon-book-style card with a higher annual fee. The Sapphire Preferred has long been one of the best starter travel rewards cards, and keeping the annual fee under $100 helps preserve that positioning.

For many cardholders, the increased hotel credit alone could now offset the annual fee, assuming they use Chase Travel at least once per year.

The Chase Travel Hotel Credit Is Increasing to $100

The Sapphire Preferred currently offers a $50 annual hotel credit when booking through Chase Travel. As part of the refresh, that credit is increasing to $100.

This is a meaningful improvement.

A $100 Chase Travel hotel credit is much easier to value against the card’s $95 annual fee. In theory, a cardholder who uses the hotel credit each year can more than offset the annual fee before accounting for any other card benefits.

Of course, there is a catch: the credit requires booking through Chase Travel.

That means you may not earn hotel elite night credits, hotel points, or elite benefits on some bookings, depending on the hotel program and property. It also means you should compare prices against booking direct before assuming the credit is a slam dunk.

Still, for travelers who book at least one hotel stay per year through Chase Travel, this is a clear upgrade.

New 3x Earning on Gas and EV Charging

Chase is also adding 3x earning on gas and EV charging.

That is a strong addition because gas has historically been a category where the Sapphire Preferred was not especially competitive. Adding 3x on gas and EV charging makes the card more useful for everyday spending, especially for road trips and commuters.

This also improves the card’s value for people who want one simple travel card instead of juggling multiple cards for every category.

With this update, the Sapphire Preferred will offer 3x points on:

  • Dining
  • Select streaming services
  • Online grocery purchases
  • Gas and EV charging
  • Select vacation rental platforms

That is a much stronger everyday earning structure than before.

New 3x Earning on Airbnb, VRBO, Vacasa and More

The Chase Sapphire Preferred will also earn 3x points on select vacation rental platforms, including:

  • Airbnb
  • VRBO
  • Plum Guide
  • HomeAway
  • Homestay.com
  • Vacasa

This is a smart addition.

A lot of travelers do not exclusively stay at traditional hotels anymore. Families, groups, remote workers, and long-stay travelers often book vacation rentals instead. Earning 3x Chase Ultimate Rewards points on platforms like Airbnb and VRBO makes the Sapphire Preferred more competitive for modern travel spending.

This is especially useful because vacation rentals can be expensive. A $1,500 Airbnb booking earning 3x would generate 4,500 Ultimate Rewards points, which is a nice return for a category that many cards do not bonus well.

Current Bonus Categories Are Still Strong

The new categories are being added on top of the card’s existing earning structure.

After the refresh, the Chase Sapphire Preferred will continue to offer:

  • 5x points on travel booked through Chase Travel
  • 3x points on dining
  • 3x points on select streaming services
  • 3x points on online grocery purchases
  • 2x points on other travel
  • 1x point on other eligible purchases

With the addition of gas, EV charging, and vacation rentals at 3x, the Sapphire Preferred becomes a more well-rounded card for both travel and everyday spending.

New $120 Global Entry, TSA PreCheck, or NEXUS Credit

Another nice addition is a new $120 statement credit once every four years for Global Entry, TSA PreCheck, or NEXUS.

This type of benefit has traditionally been more common on premium travel cards, so seeing it added to a $95 annual fee card is a win.

For frequent travelers, Global Entry is usually the best pick because it includes TSA PreCheck eligibility and helps speed up re-entry into the United States after international trips. NEXUS can also be very valuable for travelers who frequently cross between the United States and Canada.

Even if you only travel a few times per year, a Trusted Traveler Program credit is a practical benefit that can save both money and time.

One-Year Complimentary Apple TV+ Offer

Chase is also adding a one-time Apple TV+ offer.

Cardholders can receive a complimentary Apple TV+ subscription for one year when activated by December 31, 2026.

This is not an ongoing annual credit, so it should not be valued the same way as the hotel credit or Trusted Traveler Program credit. Still, it is a nice limited-time perk, especially for cardholders who already planned to subscribe or renew.

Since this is a one-time offer, the key detail is the activation deadline. Cardholders who want the free year will need to activate by December 31, 2026.

Expanded Travel Protections

The Sapphire Preferred has long been popular partly because it offers strong travel protections for a card with a $95 annual fee.

With the refresh, Chase is expanding the card’s travel protections to include Emergency Evacuation and Transportation coverage.

That is a valuable addition, especially for travelers who take international trips, cruises, adventure trips, or visit destinations where medical transport could become extremely expensive.

Travel protections are not as flashy as bonus categories or statement credits, but they can be one of the most important reasons to pay for travel with the right card.

The Bad: The 10% Anniversary Bonus Is Ending

One negative change is that the 10% Anniversary Points Bonus is ending.

This benefit gave cardholders bonus points each account anniversary based on their prior year’s spending. It was not the most exciting benefit on the card, but it did add incremental value for people who put significant spending on the Sapphire Preferred.

For example, $20,000 in annual purchases would have resulted in 2,000 bonus points through the 10% anniversary bonus.

Losing this benefit makes the new 3x categories more important. Cardholders who spend heavily in gas, EV charging, Airbnb, VRBO, and similar categories may come out ahead. Cardholders who used the Sapphire Preferred heavily for non-bonused spending may not.

The Ugly: Hyatt Is No Longer a 1:1 Transfer Partner

This is the biggest negative change by far.

Hyatt has historically been one of the most valuable Chase Ultimate Rewards transfer partners. World of Hyatt points can often deliver excellent value, especially compared with other hotel loyalty programs that use more dynamic pricing or require far more points for premium stays.

Losing Hyatt as a 1:1 transfer partner is a major blow to the Chase Ultimate Rewards ecosystem.

For many points and miles enthusiasts, Hyatt redemptions were one of the top reasons to earn Chase points in the first place. Transferring Chase points to Hyatt for luxury hotels, all-inclusive resorts, city properties, and family-friendly stays has often been one of the easiest ways to get outsized value from Ultimate Rewards.

This change makes the Sapphire Preferred refresh much more complicated.

For casual cardholders, the new $100 hotel credit, 3x gas, 3x vacation rentals, and TSA/Global Entry/NEXUS credit may feel like a clear win.

For award travelers who loved Chase points because of Hyatt, this is a serious devaluation.

Is the Chase Sapphire Preferred Still Worth It?

For many people, yes, the Chase Sapphire Preferred will still be worth keeping.

The annual fee remains reasonable at $95, and the improved $100 hotel credit can offset that fee for cardholders who use Chase Travel. Add in 3x gas, 3x EV charging, 3x Airbnb, a $120 Trusted Traveler Program credit every four years, and expanded travel protections, and the card still has a strong value proposition.

The card may be especially worth it for:

  • Travelers who book at least one hotel stay per year through Chase Travel
  • People who spend heavily on dining, gas, EV charging, online groceries, and streaming
  • Travelers who book Airbnb, VRBO, Vacasa, or similar vacation rentals
  • Anyone who can use the Global Entry, TSA PreCheck, or NEXUS credit
  • Cardholders who want travel protections without paying a premium annual fee

But the card becomes less compelling for people who primarily used Chase Ultimate Rewards to transfer points to Hyatt.

That was one of the best sweet spots in the points and miles world. Without Hyatt as a 1:1 transfer partner, the value of Chase points may be lower for many award travelers.

Bottom Line

The Chase Sapphire Preferred refresh is a true good-news, bad-news update.

The good news is that Chase is adding several useful benefits while keeping the annual fee at $95. The $100 Chase Travel hotel credit, 3x gas and EV charging, 3x vacation rentals, $120 Global Entry/TSA PreCheck/NEXUS credit, Apple TV+ offer, and expanded travel protections all make the card more valuable on paper.

The bad news is that the 10% Anniversary Points Bonus is ending.

The ugly news is that Hyatt is no longer a 1:1 transfer partner.

For casual travelers, this refresh may make the Sapphire Preferred easier to justify than ever. For points and miles enthusiasts, the Hyatt change is a major loss that could meaningfully reduce the value of Chase Ultimate Rewards.

At the same $95 annual fee, the Sapphire Preferred is still a strong travel card. But without Hyatt transfers at 1:1, it may no longer be the automatic keeper card it once was for award travelers.

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