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The Chase Sapphire Preferred® Card - Product Name Only is one of the best credit cards of all time for earning and redeeming rewards toward flights, hotel stays, cruises, rental cars, and other travel adventures.
This review takes a close look at the Chase Sapphire Preferred® Card - Product Name Only's rich benefits, which have made this card a longtime favorite of rewards travelers.
If you're new to rewards credit cards or don't want to pay hundreds in annual fees, the Chase Sapphire Preferred® Card - Product Name Only is a smart choice. It earns bonus points on a wide variety of travel and dining purchases and offers strong travel and purchase coverage, including primary car rental insurance.
Chase Sapphire Preferred Review
The Chase Sapphire Preferred® Card - Editorial Name Only is one of the best rewards credit cards with an annual fee under $100, and its welcome bonus offer is 80,000 points. Beyond its rewards, the Chase Sapphire Preferred® Card - Editorial Name Only comes with some of the best travel coverage available, including trip cancellation and interruption insurance and primary car rental insurance.
There are even more reasons to consider the Chase Sapphire Preferred® Card - Editorial Name Only with the addition of a $50 annual credit for hotels booked through the Chase Travel Portal, a 10% anniversary points bonus, and up to 5 points per dollar in popular spending categories.
If you're interested in both the Chase Sapphire Preferred and Reserve but you're on the fence about paying a high annual fee, it makes more sense to apply for the Chase Sapphire Preferred® Card - Product Name Only. It's got a (much) bigger welcome bonus and many of the same travel and shopping perks — and later, if you find yourself traveling more, you could always request an upgrade to the Sapphire Reserve.
Chase Sapphire Preferred Rewards
Chase Sapphire Preferred Welcome Bonus
The Chase Sapphire Preferred bonus is Chase Sapphire Preferred® Card - Intro Bonus, worth Chase Sapphire Preferred® Card - Featured Reward Value in travel, based on Personal Finance Insider's points and miles valuations.
As long as your Chase Sapphire Preferred® Card - Editorial Name Only is open and in good standing, your Chase Ultimate Rewards® points will not expire. However, if you close your card, you'll lose all the points in your account — so be sure to redeem them or transfer them to an airline or hotel partner before you cancel.
How to Earn Points With the Chase Sapphire Preferred
Chase Sapphire Preferred® Card - Editorial Name Only members earn points at the following rates per dollar:
5 points on all travel purchased through Chase Ultimate Rewards®
3 points on dining, including eligible delivery services, takeout, and dining out
3 points on select streaming services
3 points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
2 points on all other eligible travel purchases
All other purchases earn one point per dollar.
How to Use Chase Ultimate Rewards Points
Chase Ultimate Rewards® points are worth 1 cent each by default when redeemed through the Chase Travel Portal. With the Chase Sapphire Preferred® Card - Product Name Only, you get 25% more value, or 1.25 cents per point.
Redeem Chase Points for Travel
You can redeem Ultimate Rewards points for flights, hotels, rental cars, and more through the Chase Ultimate Rewards Travel Portal at the 1.25-cent rate with no limits or blackout dates. The redemption system searches many airline and hotel brands, with a similar feel and layout to major discount travel websites.
However, if you want to get even more value per point, you can transfer to Chase's airline and hotel transfer partners at a 1:1 ratio. That means 1 Chase point equals 1 point or mile in these programs:
You generally get the best value per point by transferring to airlines and booking premium travel, like a first-class flight or a hotel stay that would cost hundreds of dollars. Also, keep in mind that many transfer partner airlines are members of alliances that give you additional partner airline choices.
When you get a good deal, you can book a domestic round-trip flight for 25,000 points. With British Airways, for instance, you can book short-haul flights on partner American Airlines for even fewer points. Southwest also offers many great deals with no checked baggage fees for your first two bags.
If you earn the welcome bonus offer on the Chase Sapphire Preferred® Card - Editorial Name Only, you'll have more than enough points for a round-trip award flight to Europe — and depending on the partner you redeem with, you could have points left over to jumpstart your next trip.
Redeem Chase Points for Other Purchases
There are plenty of non-travel options for redeeming your Chase points, but you won't necessarily get as much value as you would by transferring to partners:
Cash back: Cash in your points at a rate of 1 cent each toward a statement credit or direct deposit to your bank account
Chase Pay Yourself Back: Use points toward eligible purchases at a rate of up to 1.25 cents apiece
Gift cards: Your points are worth 1 cent each toward gift cards from popular merchants
Apple, PayPal, and Amazon purchases: Use points directly for Apple (1 cent each), PayPal (0.8 cents each), or Amazon (0.8 cents each) purchases; the latter two options aren't a good value — you're better off paying for your purchase with the card, then redeeming points at 1 cent apiece toward a statement credit
Chase Sapphire Preferred Benefits and Features
This card gives you more than just valuable points. The Sapphire Preferred's benefits come in handy when traveling and shopping at home, online, or anywhere your travels take you.
When you're traveling outside of the US, the Chase Sapphire Preferred® Card - Product Name Only does not charge any foreign transaction fees. Foreign transaction fees are typically 3% to 5% of your purchase, so they can quickly add up if you don't take the right card on your trips abroad.
Annual Hotel Credit
The Chase Sapphire Preferred® Card - Editorial Name Only offers up to $50 in annual statement credits toward hotel purchases made through the Chase Ultimate Rewards travel portal. New cardholders can start earning the credit immediately, while existing cardholders will be eligible after their next account anniversary.
Maximizing this credit is an easy way to shave up to $50 off the card's Chase Sapphire Preferred® Card annual fee — making your net out-of-pocket cost each year just $45.
10% Anniversary Point Bonus
Each year on your account anniversary, you'll receive a points bonus equal to 10% of all purchases made in the previous year.
For example, if you spent $25,000 on the card in an anniversary year, you'd receive a bonus of 2,500 points.
Primary Car Rental Insurance
The Chase Sapphire Preferred® Card - Editorial Name Only card includes primary car rental insurance for damage due to theft or collision, which means it kicks in before your own car insurance and allows you to confidently pass up the extra charge of a car rental agency's own insurance whenever you rent a vehicle and pay with the Chase Sapphire Preferred® Card - Editorial Name Only (note that it doesn't include liability insurance).
Most cars and countries are included, but check the terms and conditions for specific exclusions.
Trip Interruption/Cancellation Insurance
If you've paid for an eligible trip with the Chase Sapphire Preferred® Card - Editorial Name Only and it's cut short or canceled for a covered reason like illness or severe weather, the card's travel insurance could reimburse you up to $10,000 per person and $20,000 per trip for pre-paid, non-refundable travel expenses.
Trip Delay Insurance
When you use your Chase Sapphire Preferred® Card - Editorial Name Only to pay for your fare, its trip delay insurance can get you reimbursed up to $500 per ticket for hotel rooms, food, toiletries, clothes, or other reasonable expenses when your flight is delayed overnight or by 12 hours or more.
Baggage Delay Insurance
If you've paid for your travel with the Chase Sapphire Preferred® Card - Editorial Name Only and your bags are delayed for six hours or more, you could be reimbursed for essential purchases (like clothing and toiletries) up to $100 per day for up to five days.
Lost Luggage Reimbursement
If the carrier damages or loses your bags, you and your immediate family members could be covered for up to $3,000 per passenger as long as you've paid for your tickets with the Chase Sapphire Preferred® Card - Editorial Name Only.
Extended Warranty
The Chase Sapphire Preferred® Card - Editorial Name Only extends the time period of a US manufacturer's warranty on eligible items by an additional year, on warranties of three years or less when you pay with your card.
Purchase Protection
If an eligible item you've bought with the Chase Sapphire Preferred® Card - Editorial Name Only is damaged or stolen within 120 days of purchase, purchase protection could make you eligible for up to $500 in reimbursement per claim, and up to $50,000 per account.
Travel and Emergency Assistance Services
If you're traveling away from home and have a problem, you can get help with medical and legal referrals or other emergency assistance. This service is free for Chase Sapphire Preferred® Card - Editorial Name Only cardholders, but any third-party costs are your responsibility.
Travel Accident Insurance
When you pay for your air, bus, cruise, or train transportation with the Chase Sapphire Preferred® Card - Editorial Name Only, you're eligible for accidental death or dismemberment coverage of up to $500,000.
Roadside Dispatch
Chase Sapphire Preferred® Card - Editorial Name Only cardholders can contact the roadside dispatch hotline for help with arranging services like towing and flat tire repair for a set fee.
DoorDash DashPass
With the Chase Sapphire Preferred® Card - Editorial Name Only, you can receive a complimentary DashPass membership (for waived delivery fees on qualifying orders) through December 31, 2024. Enrollment is required to receive this perk.
Instacart Benefits
Through July 31, 2024, Chase Sapphire Preferred® Card - Editorial Name Only cardholders can enroll for a complimentary six months of Instacart+ membership, which comes with free delivery on orders of $35+ and reduced service fees. If you don't plan to keep the membership open beyond six months, be sure to set a calendar reminder to cancel, otherwise, it will automatically renew for another year (currently $99) once your free six months are up.
With the Chase Sapphire Preferred® Card - Editorial Name Only, you can now also earn up to $15 per quarter in statement credits toward Instacart purchases (activation required). If you maximize this benefit each quarter, it's worth up to $60 per year — which makes up for much of the card's annual fee.
Chase Sapphire Preferred Fees
It is easy to see how you can get $100 or more in value from this card every year, but it isn't free. The Chase Sapphire Preferred® Card - Product Name Only charges a Chase Sapphire Preferred® Card annual fee. However, you can use the card for international purchases without worrying about extra charges, because it doesn't add foreign transaction fees.
Like most other credit cards, you'll pay interest if you carry a balance (currently a Chase Sapphire Preferred® Card - Regular APR APR), and there fee in other situations, including balance transfers, cash advances, late payments, and returned payments.
Compare the Chase Sapphire Preferred Card
The Chase Sapphire Preferred® Card - Editorial Name Only is the less-premium sibling of the Chase Sapphire Reserve® - Product Name Only, which has a Chase Sapphire Reserve® annual fee compared to a Chase Sapphire Preferred® Card annual fee on the Chase Sapphire Preferred® Card - Editorial Name Only. The Chase Sapphire Reserve® - Editorial Name Only earns more points on certain travel purchases and comes with up to a $300 annual travel credit and perks like airport lounge access, so it's better suited to those who frequently travel.
*The American Express® Gold Card - Product Name Only earns 4x points on the first $25,000 spent at U.S. supermarkets each calendar year, then 1 point per dollar
***the American Express® Gold Card - Product Name Only offers up to $10 in dining credits each month when you use your card at Grubhub, Seamless, The Cheesecake Factory, Wine.com, Milk Bar, Goldbelly, and participating Shake Shack locations. Enrollment required.
To be eligible to apply for the Chase Sapphire Preferred® Card - Editorial Name Only, you have a credit score in the good to excellent range. However, Chase only allows you to have one Sapphire card at a time, so if you already have the card (or its sibling, the Chase Sapphire Reserve® - Product Name Only), you won't be approved.
Is the Chase Sapphire Preferred worth it?
The Chase Sapphire Preferred® Card is worth it for occasional and frequent travelers, even the annual fee might seem intimidating if you've only had no-annual-fee cards in the past. It's definitely worth it in the first year because the value of the welcome bonus far exceeds the cost.
What are Chase Sapphire Preferred rewards?
The Chase Sapphire Preferred® Card - Editorial Name Only earns Chase Ultimate Rewards points, which you can redeem for travel booked through Chase, statement credits, gift cards, and merchandise. The best way to use your rewards is usually by transferring them to Chase's airline and hotel partners, because you can often get outsized value from your points this way.
Does the Chase Sapphire Preferred charge for authorized users?
The Chase Sapphire Preferred® Card - Editorial Name Only does not charge extra to add authorized users. Additional cardholders get their own card, but any points earned from their spending will belong to the primary cardholder. Keep in mind any transactions made by your authorized users are your responsibility, so only add folks you trust.
What is the credit limit for the Chase Sapphire Preferred card?
The minimum credit limit for the Chase Sapphire Preferred® Card - Editorial Name Only is usually $5,000 because it's a Visa Signature card. Many people get approved for credit limits that are higher than that.
What's the difference between the Chase Sapphire Preferred and Chase Sapphire Reserve?
The difference between the Sapphire Preferred and Reserve is that the Chase Sapphire Preferred® Card - Editorial Name Only is a mid-tier card with a Chase Sapphire Preferred® Card annual fee and generous rewards for spending. The Chase Sapphire Reserve® - Product Name Only is a premium card meant for frequent travelers, and comes with upscale benefits and rewards in exchange for a Chase Sapphire Reserve® - Annual Fee annual fee.
Can you upgrade the Chase Sapphire Preferred card?
You can upgrade the Chase Sapphire Preferred® Card - Editorial Name Only if you've had it for at least a year. Should you decide it's not a good fit, you can call Chase and ask to product change to a different personal Chase Ultimate Rewards earning card. For example, if you find yourself traveling more often and want perks like Priority Pass airport lounge access, you could ask for an upgrade to the Chase Sapphire Reserve® - Product Name Only.
Can you downgrade the Chase Sapphire Preferred card?
You can downgrade the Chase Sapphire Preferred® Card - Editorial Name Only if you've had it for at least a year. If you find that paying the Chase Sapphire Preferred® Card - Editorial Name Only's annual fee isn't worth it for you, you could request a downgrade to the no-annual-fee Chase Freedom Flex℠ - Product Name Only or Chase Freedom Unlimited® - Product Name Only.
Does the Chase Sapphire Preferred cover TSA PreCheck or Global Entry?
No, the Chase Sapphire Preferred® Card - Editorial Name Only doesn't come with a TSA PreCheck or Global Entry credit. However, its sibling, the Chase Sapphire Reserve® - Editorial Name Only, does offer this feature. You can find more options in our guide to the best credit cards with Global Entry and TSA PreCheck credits.
Why You Should Trust Us: How We Reviewed the Chase Sapphire Preferred
We compared the Chase Sapphire Preferred® Card - Editorial Name Only to similar travel rewards credit cards and assessed the card on various factors, including:
Ease of use — Does the card make it easy to earn and redeem rewards? Are there multiple options for using points?
Rewards earning potential — Are there broad bonus categories that are useful to a wide range of customers, and are any of them capped at a certain amount of spending?
Annual fee — Is the annual fee worth paying based on the card's rewards and benefits?
Benefits — How do the card's perks, especially travel benefits, stack up against similar cards?
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