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Chase Sapphire Preferred® Card

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Chase Sapphire Preferred® Card

10/05/24 10:15 pm

Click here to find out why we chose this card for our top pick of summer travel 2024.

 

Ever wondered how a credit card can actually enhance your travel experience while offering significant rewards? Let's dive into the Chase Sapphire Preferred® Card and uncover the benefits and considerations of this popular travel rewards card.

 

Overview of Chase Sapphire Preferred® Card:

The Chase Sapphire Preferred® Card stands out in the crowded field of travel rewards cards, offering a blend of rewards, benefits, and value that's hard to beat. Here’s a quick overview:

  • Annual Fee: $95
  • APR: 20.99% - 27.99% Variable
  • Intro Bonus: Up to $1,050 in Chase Travel℠ value: 60,000 bonus points after spending $4,000 in the first 3 months, worth $750 when redeemed through Chase Travel. Plus, up to $300 in statement credits on Chase Travel purchases within your first year.
  • Reward Rates: 5x on travel purchased through Chase Travel℠ and Lyft rides; 3x points on dining, select streaming, and online grocery purchases excluding Target, Walmart, and wholesale clubs (like Costco or BJ’s); 2x points on travel; 1x on all other purchases

 

Pros and Cons of Chase Sapphire Preferred® Credit Card:

Like any financial product, the Chase Sapphire Preferred® Card comes with its own set of advantages and drawbacks.

Pros:

  • Generous Intro Bonus: 60,000 points, worth $750 through Chase Travel℠. Plus, up to $300 in statement credits on Chase Travel purchases.
  • Flexible Rewards: High earning rates on travel and dining.
  • Valuable Redemption Options: Points worth 25% more when redeemed for travel through Chase.
  • Anniversary Bonus: 10% bonus points based on total purchases the previous year.
  • Travel Protections: Includes trip cancellation insurance, auto rental collision damage waiver, and more.
  • No Foreign Transaction Fees: Ideal for international travelers.

Cons:

  • Annual Fee: $95, not waived the first year.
  • High APR: Can be costly if you carry a balance.
  • Requires Good to Excellent Credit: Not suitable for those with poor credit.
  • Focused Reward Categories: May not benefit those who spend more outside of travel and dining.

 

Everything Chase Sapphire Preferred® Credit Card Can Do For You:

This card isn't just about earning points; it's about making every trip more rewarding and stress-free.

  • Travel Smarter: Earn significantly more on travel booked through Chase Travel℠.
  • Dine and Earn: Increased points on dining, including takeout and eligible delivery services.
  • Stream and Save: Earn on select streaming services, making entertainment more rewarding.

 

Unique Benefits of Chase Sapphire Preferred® Credit Card:

The Chase Sapphire Preferred® Card offers more than just points; it provides experiences and protections that enhance your travel and dining.

 

Elevated Travel Experience:

With the Chase Sapphire Preferred® Card, your travel becomes an opportunity to earn and save. Booking through Chase Travel℠ not only maximizes your points but also gives you access to unique experiences and upgrades. Imagine turning your annual vacation into a luxury getaway with points to spare for your next adventure.

 

Dining Rewards Redefined:

This card understands that food is part of the journey. Whether you're exploring local cuisines abroad or ordering in from your favorite restaurant, the 3x points on dining put a little back into your pocket with every bite. Plus, the annual $50 Annual Chase Travel Hotel Credit adds another layer of savings for your travels.

 

Complimentary DashPass Subscription:

One of the standout perks of the Chase Sapphire Preferred® Card is the complementary DashPass subscription from DoorDash, which is available when activated by the specified date. This benefit unlocks $0 delivery fees and reduced service fees on qualifying orders for a minimum of one year, saving you money on those nights you just want to stay in when you activate by December 31, 2027.

 

Imagine enjoying your favorite meals from local restaurants or trying new cuisines without worrying about extra delivery costs. It's a feature that not only adds convenience to your dining experiences but also makes your dining rewards go even further.

 

Things to Look Out For:

Despite its many perks, the Chase Sapphire Preferred® Card isn't for everyone.

  • Annual Fee: It's important to make sure you'll use enough benefits to offset the fee.
  • High APR: Paying off your balance monthly is crucial to avoid interest.
  • Credit Requirements: Might be out of reach for those building or repairing credit.
  • Category-Specific Rewards: Best for those who travel and dine out frequently.

 

Conclusion:

The Chase Sapphire Preferred® Card is a powerhouse for those who love to travel and dine, offering a suite of benefits that can enhance every trip and meal. With generous rewards, travel protections, and a sizable intro bonus, it's a card that can quickly become a favorite. However, it's important to consider how well it fits with your spending habits and whether its benefits justify the annual fee for you.

 

Interested in making every journey more rewarding? The Chase Sapphire Preferred® Card might just be the perfect travel companion for your wallet.

 

Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed or approved by any of these entities.



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