Chase Sapphire Preferred Review: A Travel Card With Big Incentives

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

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If you have a severe case of wanderlust, the Chase Sapphire Preferred® Card can help treat that condition. This card has one of the best sign-up bonuses available, flexible redemption options, and other valuable travel perks.

Curious if this is the card for you? Check out our Chase Sapphire Preferred® Card review to see if its perks and features are what you’re been looking for.

Chase Sapphire Preferred® Card review

The Chase Sapphire Preferred® Card offers a combination of perks and rewards that makes it one of the best travel credit cards on the market. With it, you’ll get:

  • 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
  • 25 percent more value when you redeem your points for travel through Chase Ultimate Rewards® website.
  • Annual fee – $95
  • No foreign transaction fees.

The Chase Sapphire Preferred® Card isn’t perfect for everyone, though. For example:

  • Its rewards rate on non-travel and dining purchases is comparatively low.
  • You have to be travel-savvy to get the most value out of your rewards through one-to-one point transfers.
  • Its annual fee can be a barrier to low spenders.

Chase Sapphire Preferred® Card offers big travel rewards

While most travel credit cards offer solid sign-up bonuses, it’s hard to beat the ones offered by the Chase Sapphire Preferred® Card. Here’s how the $625 bonus stacks up against the competition:

  • Barclaycard Arrival Plus® World Elite Mastercard®*: Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days.
  • Capital One® Venture® Rewards Credit Card*: One-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel.
  • Citi PremierSM Card*: Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.

*The information related to this offer has been collected by Student Loan Hero and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

With the Chase Sapphire Preferred® Card, you’ll Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

The Chase Ultimate Rewards portal works just like Expedia and Orbitz, allowing you to book flights, hotels, rental cars, and other travel experiences.

If you’re loyal to a partner hotel chain or airline, you can also transfer your Ultimate Rewards points for free at a one-to-one ratio. Chase’s travel partners include:

  • British Airways Executive Club
  • Flying Blue Air France-KLM
  • Korean Air Skypass
  • Singapore Airlines Krisflyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Rewards
  • Ritz-Carlton Rewards
  • World of Hyatt

If you’re savvy enough, transferring your points could get you even more value than the 25 percent boost `for booking through the Ultimate Rewards platform.

For example, Holly Johnson, credit card expert at Club Thrifty, transferred a combination of American Express Membership Rewards® points and Chase Ultimate Rewards points to her Flying Blue account for an upcoming Europe trip.

“It was 50,000 Flying Blue miles round-trip plus $93ish per person in fees into Munich and home from Zurich,” she said. “Our economy flights retail for $1,800.”

Without the fees, that’s a redemption worth 3.6 cents per transferred point:

$1,800 / 50,000 points = .036 (3.6 cents per point)

 But even adding in the fees, Johnson is still getting a value of 3.4 cents per point:

($1,800 – $93) / 50,000 points = 0.34 (3.4 cents per point)

Chase Sapphire Preferred® Card travel benefits

Some of the best travel perks this card offers include:

  • Trip cancellation/interruption insurance in case your trip is canceled or cut short by sickness, severe weather, or other covered situations.
  • Baggage delay insurance, which reimburses you for essential purchases like toiletries and clothing for baggage delays over six hours.
  • Trip delay reimbursement in case your common carrier travel is delayed more than 12 hours or requires an overnight stay. The reimbursement applies to expenses not already covered by the airline, including lodging and food.
  • Purchase protection in case an item you purchased is damaged or stolen.
  • Price protection in case the price of an item you purchased drops.
  • Return protection in which you can be reimbursed for eligible items a store won’t take back within 90 days of purchase.
  • Extended warranty protection, which extends the period of a U.S. manufacturer’s warranty by an additional year on items with eligible warranties of three years or less.

Rental car coverage

Just about every major credit card offers rental car coverage, but the coverage is usually secondary. This means that if you get in an accident, you have to file a claim with your personal car insurance provider first. The credit card’s coverage would then cover whatever your primary insurance doesn’t.

Using this benefit means you don’t have to pay for the rental car company’s coverage. But if you do have to file a claim with your primary car insurance provider, your insurance premium could go up.

Enter the Chase Sapphire Preferred® Card. This card offers primary rental car coverage, which means you don’t have to involve your insurance company at all.

Just keep in mind this perk applies only if you charge the full amount of the rental car to your Chase Sapphire Preferred® Card. Booking a rental car with your Chase Ultimate Rewards points doesn’t count.

Favorable cash back redemption

In general, travel credit cards give you a discounted value when you try to redeem your rewards for cash. For instance, you’d get 0.5 cents per point in cash back versus one cent per point in travel.

With the Chase Sapphire Preferred® Card, though, you’ll get one cent per point when you redeem your points for cash.

Of course, this is still less than what you’d get if you used your points to book travel. But if you don’t have any upcoming travel plans and you want to use your rewards for something else, getting cash back gives you even more flexibility.

You can also redeem your points for gift cards, also at a one-cent-per-point value.

Double up on Chase Ultimate Rewards

Fun fact: You can pair your Chase Sapphire Preferred® Card with another Chase Ultimate Rewards-earning card to get more value.

For example, the Chase Freedom Unlimited® card earns 1.5% cash back offer. And if you have both cards, you can transfer your points earned with the Chase Freedom Unlimited® to your Chase Sapphire Preferred® Card account.

With this strategy, you can use your Chase Sapphire Preferred® Card for dining and travel and use your Chase Freedom Unlimited® for all other purchases. Doing so ensures you get the higher base rewards rate of 1.5 percent.

Say you spend $300 on dining, $500 on travel, and $1,500 on other purchases. With the Chase Sapphire Preferred® Card, you’d earn a total of 3,900 points:

($500 + $300) x 3 points = 2,400 points

$1,500 x 1 point = 1,500 points

If, however, you use the Chase Sapphire Preferred® Card for the dining and travel purchases, and the Chase Freedom Unlimited® on the other purchases, your point total would be 4,650 points:

($500 + $300) x 3 points = 2,400 points

$1,500 x 1.5 points = 2,250 points

That 750 point difference may not sound like a lot, but over time you’ll earn much more rewards by using both cards than just using one.

Plus, when you transfer your Chase Freedom Unlimited® points to your Chase Sapphire Preferred® Card, you’ll get the transfer options and 25 percent more value when you redeem the points for travel. Those are both benefits that you don’t get with the Chase Freedom Unlimited® alone.

Chase Sapphire Preferred® Card review: rates and fees

The Chase Sapphire Preferred® Card shines when it comes to rewards and perks. But if you’re not careful, the card’s rates and fees can neutralize its benefits.

Above-average APR

With no introductory 0% APR promotion, it’s best to pay off this card in full each month to avoid paying interest. The card has an ongoing APR of 17.49% - 24.49% Variable.

In other words, carrying a balance could cost you as much or more than you’re earning in rewards.

The card charges no penalty APR, which some banks apply on late balances. However, it does charge a higher APR of 26.49% Variable on cash advances. There’s also no grace period for cash advances, so interest begins accruing immediately.

Annual fee

The card has an annual fee of $95.

If you use your points to only book travel through the Chase Ultimate Rewards portal, you’d have to spend $7,600 per year on non-travel and dining purchases just to break even on the annual fee. Here’s a formula that breaks this down.

$7,600 x 1 point = 7,600 points

7,600 points x 1.25 Chase Ultimate Rewards multiplier = $95 worth of travel

Of course, adding dining and travel purchases into the mix lowers that break even point. But if you’re not a big spender, it simply may not be worth it.

No foreign transaction fee

The Chase Sapphire Preferred® Card has no foreign transaction fees, making it appealing for international travel.

If you spend a lot of time overseas, having a card with no foreign transaction fees is a must-have. Many cards charge three percent on each foreign purchase, which can add up quickly depending on how much money you spend abroad.

Other fees

  • Balance transfer fee – Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash advance fee – Either $10 or 5% of the amount of each transaction, whichever is greater.

Credit requirements

The Chase Sapphire Preferred® Card is targeted toward people with good or excellent credit. If you’re not sure if you’d qualify, check to see if you’re pre-qualified.

Chase will run a soft credit check, which doesn’t affect your credit score. Once you submit your information, you’ll receive a list of offers available to you.

Keep in mind that the pre-qualified feature isn’t a guarantee either way. In other words, just because the card comes up in your offers doesn’t mean you’ll automatically be approved. Chase will run a more comprehensive credit check when you officially apply.

And even if the card doesn’t show up, that doesn’t mean you won’t be approved if you were to apply. Pre-qualification is simply a good way to check to see if you meet certain criteria that would give you a better chance of being approved.

Applying online for the Chase Sapphire Preferred® Card

Submitting an application for the Chase Sapphire Preferred® Card is pretty straightforward. Start by clicking on the “Apply Now” button on the card’s landing page.

If you’re already a Chase customer, you can log in to your account to speed up the application process. Chase will take the information they have for you on file to fill out the majority of the application for you. You just need to enter your current income information and submit.

If you’re not a Chase customer, you’ll begin the application by filling out your name and address information. Other required information includes:

  • Whether you own a checking or savings account
  • Residence status (rent, own, or other)
  • Monthly housing payment
  • Income and employment information
  • Phone number
  • Email address
  • Date of birth
  • Social Security number
  • Mother’s maiden name

If you want to add an authorized user, you’ll be asked to provide their name and address information. You’ll then agree to Chase’s terms and conditions, after which you can review your application and submit.

After you submit the application, you should get a response immediately. Either you’ll be approved, or your application will be placed in pending status.

If your application is in pending status, it may mean one of three things:

  • The application was denied, in which case they’ll send an adverse action letter to explain why.
  • You’ve placed a fraud alert on one or more of your credit reports and Chase needs to call you to verify your identity.
  • Chase needs to manually review your application for some reason. If this happens, they’ll typically send an approval or denial letter by mail.

If your application goes to pending status, you can call Chase’s application status line at 888-338-2586 to get updates.

You can also call Chase’s reconsideration line at 888-270-2127 if you have been denied. Calling this line allows you to speak to a credit analyst and plead your case, so to speak.

Chase Sapphire Preferred® Card customer service reviews

On the whole, Chase Sapphire Preferred® Cardholders are overwhelmingly positive about the card.

Many cardholders like the card’s metal design. Others share that they received high credit limits. The card’s rewards program is also a highlight among folks who use it.

Contact Chase

If you have questions about the Chase Sapphire Preferred® Card, you can reach their customer service team at 800-432-3117. If you already have a Chase credit card, you can also call the number on the back of your card.

You can also reach out to Chase’s support team through social media on Facebook and @ChaseSupport on Twitter.

The information related to Chase Sapphire Preferred® Card and Chase Freedom Unlimited® has been independently collected by Student Loan Hero and has not been reviewed or provided by the issuer of this card prior to publication.

Interested in refinancing student loans?

Here are the top 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.20% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 6.89% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of December 13, 2019, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 12/13/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.


2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.46% APR (with AutoPay) to 7.61% APR (without AutoPay). Variable rates currently from 2.31% APR (with AutoPay) to 7.61% (without AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.31% APR assumes current 1 month LIBOR rate of 2.31% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.


4 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.


5 Important Disclosures for Laurel Road.

Laurel Road Disclosures

Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

ANNUAL PERCENTAGE RATE (“APR”)
This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.

FEE INFORMATION

There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.

LOAN AMOUNT

For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for more information about refinancing ParentPlus loans.

ELIGIBILITY & ELIGIBLE LOANS

Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.

INTEREST RATES

The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.

DISBURSEMENT OPTIONS

The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.

POSTPONING OR REDUCING PAYMENTS

After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.

KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

This information is current as of November 8, 2019 and is subject to change.


6 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers.


7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.76% effective November 10, 2019.


8 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.99% – 6.89%1Undergrad
& Graduate

Visit Earnest

2.31% – 7.36%2Undergrad
& Graduate

Visit SoFi

2.06% – 6.81%3Undergrad
& Graduate

Visit Figure

2.62% – 6.12%4Undergrad
& Graduate

Visit College Ave

2.29% – 6.65%5Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%6Undergrad
& Graduate

Visit Splash

1.81% – 6.29%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

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