The Chase Sapphire Preferred® Card and its super premium cousin, Reserve Chase Sapphire®are two of the most popular credit card rewards on the market. But did you know there’s also a no-annual-fee version of these cards?
The no-annual-fee Chase Sapphire Credit Card is no longer open to new applications, but you can Request a product change access this card by calling Chase.
Here’s a look at what it can offer.
Information about the Chase Sapphire Credit Card has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Card information for Sapphire card with free annual fee
The Chase Sapphire is a shortened version of the Chase Sapphire Preferred (which doesn’t earn money on travel spending, although the Sapphire Preferred card offers 3 points per dollar on dining).
Income ratio
- 5 points per dollar on Lyft (through March 2025)
- 2 points per dollar on dining
- 1 point per dollar on all other purchases
Benefits
Insurance and Protection
Is it worth downgrading to a regular Sapphire card?
A general strategy for Chase Sapphire preferred or Chase Sapphire Sanctuary Cardholders are eligible to receive New bonus after 48 months is to downgrade to a Chase card with no annual fee before signing up again to earn the bonus again.
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However, keep in mind that Chase only allows you to have one Sapphire card at a time. If you downgrade to Chase Sapphire, you may not be eligible to apply for the Chase Sapphire Preferred or Chase Sapphire Reserve. In this case, it doesn’t makes sense to downgrade to this card.
If you currently have a Chase Sapphire Preferred or Chase Sapphire Reserve but you can’t Justifies the annual fee Additionally, you may want to downgrade your card to the no-annual-fee Chase Sapphire Card to get minimal benefits. However, there is also another Chase Credit card with no annual fee that might make more sense.
Better downgrade options
Chase offers three rewards credit cards with no annual fee that you can downgrade from the Chase Sapphire Preferred and Reserve:
and a card that gives no rewards:
The Chase Freedom Unlimited offers 1.5% back on purchases, making it a great choice for everyday spending.
The Chase Freedom and Freedom Flex are rotating portfolio cards offered 5% for quarterly portfolio ($1,500 bonus spending limit each quarter you sign up). Chase Freedom Flex also offers 5% cash back on Chase Travel, 3% back on meals, inclusions (eligible takeout and delivery) and pharmacies, and 1% back on all other purchases.
If you are looking to downgrade your card alternative to cancellation but don’t plan on using the card often, the Chase Slate is another option. It doesn’t earn rewards and doesn’t come with a sign-up bonus, so you won’t have to sacrifice potential rewards by downgrading. Make sure you use any Ultimate reward remaining points in your account, otherwise you may lose them.
Information about the Chase Freedom and Chase Slate has been obtained independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Bottom line
Yes, there is now a Chase Sapphire card with no annual fee. But 99% of the time, you’re better off sticking with one of the annual-fee Chase Sapphire cards or one of the Chase Freedom cards due to the enhanced benefits and higher earnings rate.
Related: Quick Points: Transfer Chase Ultimate Rewards points before downgrading your card
