Advertiser Disclosure

Chase Sapphire Preferred® Credit Card

If you’re looking for a credit card with great travel rewards and valuable benefits, the Chase Sapphire Preferred® Credit Card might be the perfect fit. This card is designed for people who love to travel and want to earn points on their everyday purchases. This review covers everything you need about the Chase Sapphire Preferred® Credit Card, including its features, benefits, pros, cons, and whether you should apply.

What is the Chase Sapphire Preferred® Credit Card?

The Chase Sapphire Preferred® Credit Card is a popular travel rewards credit card that offers generous points on travel and dining purchases and a range of other benefits. It’s part of Chase’s Sapphire card lineup, known for providing travelers with excellent value. This card is particularly appealing due to its high rewards rates, flexible redemption options, and valuable travel perks.

sapphire-ink

Welcome Bonus

Earn 60,000 bonus points

APR

21.49%–28.49% variable APR.

Annual Fee

$95

Learn More >

Pros and Cons of the Chase Sapphire Preferred® Credit Card

Pros
Cons

Key Features of the Chase Sapphire Preferred® Credit Card

  • Generous Welcome Offer

    One of the biggest attractions of the Chase Sapphire Preferred® Credit Card is its lucrative welcome offer. When you meet the spending requirement within the first few months of opening your account, you can earn a substantial number of points. This welcome bonus can provide a great start to your rewards-earning journey and help you save on future travel expenses.

  • High Earning Rates on Travel and Dining

    The card offers impressive earning rates on purchases in critical categories, such as:

    • Travel: Earn 5 points per dollar on travel purchased through Chase Ultimate Rewards and 2 points on other travel purchases.
    • Dining: Earn 3 points per dollar on restaurant dining, including eligible delivery services, takeout, and dining out.
    • Streaming Services and Online Grocery Purchases: Earn 3 points per dollar on select streaming services and online grocery purchases (excluding Walmart, Target, and wholesale clubs).
      • Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Travel.
      • Plus, earn 1 point per dollar spent on all other purchases.

  • Flexible Rewards Redemption

    Points earned with the Chase Sapphire Preferred® Credit Card can be redeemed in various ways, giving you flexibility in using your rewards. Options include:

    • Travel: Use your points to book flights, hotels, car rentals, and other travel-related expenses through the Chase Ultimate Rewards portal. When redeemed for travel, your points are worth 25% more.
    • Cashback: Redeem your points for cashback, which can be used to offset your credit card balance.
    • Gift Cards: Choose from various gift cards from popular retailers and restaurants.
    • Products and Services: Redeem points for merchandise or services through the Chase Ultimate Rewards portal.

  • Travel Benefits

    The card offers several travel benefits that can enhance your trips:

    • Travel Insurance: Coverage for trip cancellations, interruptions, and delays, as well as baggage delay insurance.
    • No Foreign Transaction Fees: Save money on purchases made outside the U.S. by avoiding foreign transaction fees.
    • Travel Assistance Services: Access to 24/7 travel assistance for emergencies, including medical and legal referrals.

  • Points Transfer to Travel Partners

    One of the standout features of the Chase Sapphire Preferred® Credit Card is the ability to transfer your points to Chase’s travel partners. You can transfer points at a 1:1 ratio to several airline and hotel loyalty programs, including United MileagePlus, Southwest Rapid Rewards, Marriott Bonvoy, and World of Hyatt. This can provide even more value from your points, especially if you find an excellent redemption deal with one of these partners.

sapphire-ink

Is the Chase Sapphire Preferred® Credit Card Right for You?

The Chase Sapphire Preferred® Credit Card is a strong contender for individuals who love to travel and want to earn valuable rewards. However, whether it’s the right card depends on your needs and spending habits.

Consider the Chase Sapphire Preferred® Credit Card if:
  • You Travel Frequently: The card’s high earning rates on travel and dining and its travel benefits make it ideal for frequent travelers.
  • You Want Flexible Rewards: Enjoy the flexibility to redeem your points for travel, cashback, gift cards, and more, with points worth 25% more when used for travel through Chase Ultimate Rewards.
  • You Value Points Transfers: Take advantage of the ability to transfer points to Chase’s travel partners for even more value.
  • You Want Travel Insurance: Benefit from trip cancellation, interruption, and delay insurance, as well as baggage delay insurance.
  • You Don’t Want Foreign Transaction Fees: Avoid extra charges on purchases made outside the U.S.
Look for Other Options if:
  • You Prefer a No-Fee Card: If you’re uncomfortable paying an annual fee, you might want to consider a card with no annual fee, although it may offer fewer benefits.
  • Your Spending Doesn’t Align with the Card’s Categories: If your spending doesn’t fall into the high-earning categories of travel and dining, you might not get as much value from the card.

Final Thoughts

The Chase Sapphire Preferred® Credit Card is an excellent choice for individuals who want to maximize their travel rewards and enjoy various valuable benefits. With its generous welcome offer, high earning rates on travel and dining, flexible redemption options, and travel perks, this card can be a powerful tool for managing expenses and enjoying travel.

Consider your spending patterns, rewards preferences, and travel needs to determine if the Chase Sapphire Preferred® Credit Card fits you. With the right strategy, this card can help you earn rewards, save on travel expenses, and enjoy premium services that enhance your travel experiences in 2024 and beyond.

sapphire-ink

Chase Sapphire Preferred® Credit Card

Learn More >

Editorial Disclosure

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as StartupWise.com. This compensation may impact how and where links appear on this site. This site does not include all offers available.

Editorial Disclosure

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

SUBSCRIBE TO THE NEWSLETTER!

Stay up-to-date with our latest insights to help grow your business.

Youtube Tiktok Instagram

Copyright © 2024 StartupWise Inc.

StartupWise is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to Chase benefits and offers. Enrollment may be required for select Chase benefits and offers. Visit chase.com to learn more.

We earn a commission from partner links on StartupWise. Commissions do not affect our opinions or evaluations.

Submit Your Email to Download Freebies