Among all the rewards credit cards targeted toward regular travelers, the Chase Sapphire Preferred® Card may be the most famous. The card is a favorite for those who want to use their rewards primarily for travel. The Chase Ultimate Rewards® points earned from everyday spending can be used for nearly any airline ticket through the rewards travel portal or be transferred to over a dozen domestic and international travel partners.

Although the benefits may sound great, the Chase Sapphire Preferred® Card card isn’t the right choice for everyone. Those who aren’t planning regular trips or who plan to carry balances on their card could find their rewards devalue quickly.

Is the Chase Sapphire Preferred® Card the right card for you? Read on to find out which type of people benefit the most (and least) from this sought-after card.

Chase Sapphire Preferred: An overview

With an annual fee of $95, the Chase Sapphire Preferred® Card is the star of the bank’s credit card lineup. Cardholders earn 2 points per $1 spent on travel when they use their card to pay for airfare, hotels, rental cars and more. Plus, they earn 3 points per $1 spent at restaurants, from fast food to fine dining.