The Chase Sapphire Preferred® Card is widely recognized for its attractive benefits, especially for travelers and dining enthusiasts.
This card offers a robust rewards program, allowing cardholders to accumulate points across various spending categories.
Additionally, it stands out for extra advantages that enhance the user experience.
Advantages of the Chase Sapphire Preferred® Card
- Welcome bonus upon reaching a minimum spend in the first few months.
- Accelerated point accumulation, earning up to 5x points per dollar on travel purchases via the Chase Travel portal.
- 1:1 point transfer to airline and hotel loyalty programs.
- No foreign transaction fees, making it ideal for travelers.
- Travel insurance and purchase protection, including coverage for trip cancellations.
- Exclusive discounts and perks, such as access to DashPass from DoorDash.
Rewards Program and Points Accumulation
The Chase Sapphire Preferred® Card rewards program is structured to maximize user benefits across specific categories. Accumulated points can be redeemed through Chase Ultimate Rewards, which offers a 25% bonus when used for travel. Additionally, points can be transferred to airline and hotel loyalty programs at a 1:1 ratio, providing even more flexibility for the user.
How to Apply
To apply for the Chase Sapphire Preferred® Card, follow these steps:
- Visit the Chase website and navigate to the card’s page.
- Fill out the application form with your personal and financial details.
- Wait for a credit evaluation, which will assess your score and financial history.
- If approved, the card will be sent to your registered address.
It is recommended that applicants have a good to excellent credit score to increase their chances of approval.
Fees and Associated Costs
The Chase Sapphire Preferred® Card has the following fees and costs:
- Annual fee: $95.
- Foreign transaction fee: 0% (waived).
- Cash advance fee: $10 or 5% of the withdrawn amount, whichever is greater.
- Purchase APR: 18.24% to 25.24% variable, depending on the cardholder’s profile.
- Cash advance and balance transfer interest rates: Vary according to the bank’s assessment.
Additional Benefits
Beyond its main advantages, the Chase Sapphire Preferred® Card offers extra perks that add even more value:
- Purchase protection against theft or damage for items bought with the card.
- Travel insurance covering trip cancellations or interruptions.
- 24/7 concierge service, assisting with restaurant reservations, tickets, and other services.
- Access to exclusive events and special discounts with Chase partners.
Comparison with Other Cards
When compared to other credit cards, the Chase Sapphire Preferred® Card stands out for its cost-benefit ratio. Here’s how it compares to competitors:
| Card | Annual Fee | Points Accumulation | Travel Benefits |
|---|---|---|---|
| Chase Sapphire Preferred® | $95 | Up to 5x points per dollar | Yes |
| American Express Gold | $250 | Up to 4x points per dollar | Yes |
| Capital One Venture Rewards | $95 | 2x miles per dollar | Yes |
| Citi Premier | $95 | Up to 3x points per dollar | Yes |
With a moderate annual fee and competitive advantages, the Chase Sapphire Preferred® Card is an excellent option for those seeking travel benefits and a strong rewards program.
Is the Chase Sapphire Preferred® Card Worth It?
The Chase Sapphire Preferred® Card is an excellent choice for those looking for a solid rewards program and exclusive benefits, especially for frequent travelers and dining spenders. With a combination of flexible points, travel perks, and added protection, it stands out among premium credit cards on the market.