Chase Sapphire Preferred Credit Card

Chase Sapphire Preferred Credit Card Review

Are you considering the Chase Sapphire Preferred Credit Card? This review will provide all the pros and cons, quick highlights, benefits, and how the card works. We will also cover information about rewards, credit score, interest rates, additional card fees, limits, approval odds, application status, airline partners, activating the card, and canceling the card. So, let’s start the Chase Sapphire Preferred Card Review.

Quick Highlights

Get 60,000 miles worth $750 in travel after spending $4,000 for the first 90 days.

Earn 5x points on travel purchases made through Chase Ultimate Rewards

3X on dining, 2X points on other travel purchases, $50 on hotel credit and more.

Receive a 25% boost in value when redeeming points for airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards. For example, a 60,000 intro miles bonus worth $750 towards travel.

Points can be transferred to various airline and hotel loyalty programs at a 1:1 ratio

No blackout dates or restrictions when redeeming points for travel

Points don’t expire if your account is open and in good standing.

Get complimentary access to the DashPass service with no annual fee and lowest service fee for 1 year

Chase Sapphire Preferred Card Benefits

Credit cards play a significant role in our lives, allowing us to enjoy the shopping, travel, and dining experiences that we desire. For years, the Chase Sapphire Preferred Credit Card has been a popular choice among credit cardholders for its extensive list of benefits and rewards. Let’s explore the benefits of the Chase Preferred Sapphire Card and how it can make your life easier and more enjoyable.

Rewards and Points

The Chase Sapphire Preferred Card allows you to earn 5X points on travel, 3X points on dining, delivery, and takeaway, 2X points on travel purchases, and 1X points on all other purchases. You can earn up to 60,000 bonus points after spending $4,000 on purchases in the first 3 months, worth $750 towards travel when you redeem through the Chase Ultimate Rewards program. Moreover, there are no limits to the number of points you can earn, and these points do not expire as long as your account is open and in good standing.

Travel Benefits

Chase Credit Card Sapphire Preferred is an excellent travel companion, offering a range of benefits that make your trips safe and enjoyable. These include travel accident insurance, trip cancellation insurance, travel assistance, and lost luggage reimbursement. Moreover, the card has no foreign transaction fees, allowing you to use it worldwide without worrying about additional charges. Additionally, you can earn more travel rewards through the Chase Ultimate Rewards portal, which lets you redeem your points for various travel experiences like flights, hotels, car rentals, and cruises.

Dining and Entertainment

The Chase Sapphire Preferred Card provides several dining and entertainment benefits that allow you to enjoy your favourite experiences without breaking the bank. You can access exclusive experiences, like culinary events and entertainment experiences, through the Chase Sapphire Preferred Dining Program. Besides, you earn 2X points on dining at restaurants, including takeout and delivery, and you can redeem your points towards dining experiences.

Purchase Protection and Extended Warranty

The Credit Card Chase Sapphire Preferred comes with purchase protection, which provides coverage for stolen or damaged items purchased with your card. Moreover, it has an extended warranty program offering an additional year of coverage on three years or less warranties. This benefit covers up to $10,000 per claim and $50,000 per account.

Auto Rental Insurance and Roadside Assistance

When you rent a car using your Chase Sapphire Preferred Metal Card, you get primary auto rental insurance, which covers damage due to collision or theft without involving your insurance company. You also get roadside assistance, which can help you with services like towing, jump-starting your battery, or changing your tire. Furthermore, If your luggage is lost or stolen while traveling, the card’s lost luggage reimbursement benefit covers up to $3,000 per passenger.

The Chase Credit Card Sapphire Preferred provides various benefits to make your life easier and more enjoyable, from travel protection to dining and entertainment experiences. With no foreign transaction fees and great rewards, it is the perfect card for those who love to travel and make the most out of their shopping and dining experiences. If you have excellent credit, we highly recommend getting yourself a Chase Sapphire Preferred Card and reaping the many benefits today!

Chase Sapphire Preferred Credit Card Rewards Rates

Here’s a list of rewards for the Credit Card Chase Sapphire Preferred:

Exclusive Sign-Up Bonus Offer

Earn 60,000 bonus points after spending $4,000 in the first 3 months from account opening, worth $750 toward travel.

Multiple Ways to Earn

Earn $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards.

Earn 5x total points on travel purchased through Chase Ultimate Rewards (excluding hotel purchases eligible for the $50 Annual Ultimate Rewards Hotel Credit).

Earn 2x points on other travel purchases.

Earn 3x points on dining, online grocery purchases, and select streaming services.

Plus, earn 1 point per dollar spent on all other purchases.

Partner Benefits

Access over $200 in partner value with Sapphire Preferred

Get Extra Value

Get 25% more value when you redeem for travel through Chase Ultimate Rewards

Ultimate rewards points do not expire as long as the account is open

Anniversary Bonus

Earn bonus points equal to 10% of your total purchases made the previous year on each account anniversary.

Redeeming Rewards

There are numerous options to redeem your Ultimate Rewards® points that can significantly impact their value. You can start redeeming your points as cash back or gift cards at a rate of 1 cent per point. The card also offers a distinctive redemption option that boosts the value of each point to 1.25 cents. Chase Ultimate Rewards® portal allows you to book hotels, airfare, cruises, and more directly through the travel portal using your points. Also, the 60,000-point welcome bonus can be worth $750 be redeemed by choosing this redemption option.

However, the most valuable option is often transferring your points to one of Chase’s esteemed hotel and airline partners. Transferring points to partners yields a considerably higher value, especially if you prefer luxury travel.

Chase Sapphire Preferred Card Airline Partners

The Chase Sapphire Preferred Credit Card has various airline partners, including

Aer Lingus, AerClub

Air Canada Aeroplan

British Airways Executive Club

Emirates Skywards^®

Flying Blue AIR FRANCE KLM

Iberia Plus

JetBlue TrueBlue

Singapore Airlines KrisFlyer

Southwest Airlines Rapid Rewards^®

United MileagePlus^®

Virgin Atlantic Flying Club

Hotel Travel Partners

IHG^® Rewards Club

Marriott Bonvoy^®

World of Hyatt^®

Cardholders can transfer their points to any of these airlines at a 1:1 ratio.

Chase Sapphire Preferred Card Credit Score

The Chase Sapphire Preferred Credit Card requires a good to excellent credit score of 670 to 850. However, the higher your credit score, the better your chances of approval.

Chase Sapphire Preferred Card Interest Rate

The Chase Sapphire Preferred Metal Card has a variable APR ranging from 21.49% to 28.49%, depending on creditworthiness. The card has no 0% intro APR for purchases or balance transfers.

Intro Purchase APR: N/A

Regular APR: 21.49% – 28.49% Variable

Intro Balance Transfers APR: N/A

Chase Sapphire Preferred Additional Card Fee

The Chase Sapphire Preferred Credit Card comes with an additional card fee of $0. Authorized users can enjoy all the benefits of the card with no annual fee.

Annual Fee: $95

Additional Fee: No additional fee

Balance Transfer Fee: $5 or 5% of the transferred balance, whichever is greater.

Foreign Transaction Fee: There is no international transaction fee outside the U.S.

Cash Advance Fee: $10 or 5% of the amount of each transaction, whichever is greater.

Penalty Fee: A late payment fee of up to $40 applies.

Over-the-Card Limit Fee: There is no over-the-spending limit fee. However, it can negatively affect your score.

Second Card Fee: There is no fee for adding another authorized user to the Chase Sapphire Preferred credit card

Global Entry Fee: The card doesn’t include any global entry fee.

Membership Fees for Private Bank Clients: No fee.

Card Replacement Fee: No fee

Chase Sapphire Preferred Card Limit

The Chase Sapphire Preferred Credit Card limit is determined based on creditworthiness, income, and debt-to-income ratio. The card offers a minimum credit limit of $5,000 and a maximum $100,000 credit limit.

How Does the Chase Sapphire Preferred Card Work?

The Chase Sapphire Preferred Credit Card is a rewards credit card that offers points for every purchase. Cardholders earn 2x points on travel and dining purchases and 1x point on all other purchases. The points can be redeemed for travel, cashback, gift cards, and merchandise. Cardholders can also transfer points to travel partners, including airlines and hotels.

Chase Sapphire Preferred vs. Apple Card

The Chase Sapphire Preferred Credit Card and Apple Card are both great options for different reasons. The Chase Sapphire Preferred® Card is a top choice. With above-average rewards rates and plenty of ways to make the most of your points, it’s an excellent option for those willing to pay an annual fee.

While the Apple Card offers a tempting 3% cash-back rate, it’s important to note that this only applies to purchases at a limited number of merchants. Additionally, its 2% rate is restricted to certain transactions. For a better rewards card without an annual fee, consider the Blue Cash Everyday® Card from American Express. It earns 3% cash back at U.S. supermarkets, U.S. online retailers (including Apple.com), and U.S. gas stations, up to a $6,000 cap in each category. After that, you’ll earn 1% cash back. (Terms apply.)

Chase Sapphire Preferred Card Approval Odds

While approval odds for the Chase Sapphire Preferred Credit Card are not guaranteed, applicants with excellent credit scores above 800 usually have higher approval odds. Other factors that can increase your chances of approval include income, debt-to-income ratio, and credit history. Usually, a Good to Excellent (FICO Score: 670 to 850) is required to qualify for the card approval.

Chase Sapphire Preferred Card Application Status

Applicants can check the status of their application through the Chase website or by calling the Chase customer service number. Generally, the application status can take up to seven to ten days.

Best Way to Use Chase Sapphire Preferred Card

The best way to use the Chase Sapphire Preferred Credit Card is to maximize rewards by using it for travel and dining purchases. Additionally, redeeming the points for travel through Chase Ultimate Rewards can increase their value by 25%. Cardholders can also transfer points to travel partners for even more value. Paying off the balance in full each month is important to avoid high interest charges. Using the card strategically and taking advantage of its benefits and rewards can greatly enhance the cardholder’s experience.

Chase Sapphire Preferred Lost Card Report

If your Chase Sapphire Preferred Credit Card is lost, damaged, or stolen, you should immediately contact Chase to report the loss at their helpline number 1-800-432-3117. The bank will cancel your card and issue a new one. You can also freeze your card through the Chase website or mobile app to prevent any fraudulent transactions.

Is the Chase Sapphire Preferred Card Worth It?

The Chase Sapphire Preferred Card is highly regarded in the credit card community and offers numerous benefits. With its generous rewards program, flexible redemption options, and valuable travel perks, this card is particularly suitable for frequent travelers and those who enjoy dining out. Additionally, transferring points to various airline and hotel partners adds to its value. However, individual financial circumstances and spending habits should be considered when deciding if the card is worth it.

What Card Recomendations:

Frequently Asked Questions About Chase Sapphire Preferred Card

Is Chase Sapphire Preferred as a Hard Card to Get?

The Chase Sapphire Preferred Card is known to have relatively strict approval requirements compared to some other credit cards. While it’s not the most difficult card to obtain, Chase typically looks for applicants with good to excellent credit scores (generally considered 670 or higher). Other factors, such as income and existing credit lines, influence the approval process. Remember that meeting the eligibility criteria does not guarantee approval, as the final decision is at Chase’s discretion.

How Much Income Do I Need For Chase Sapphire Preferred?

While there isn’t a specified minimum income requirement for the Chase Sapphire Preferred Card, it is generally recommended to have an annual income of at least between $25,000 to $50,000 or more to increase your chances of approval. However, income is just one factor considered by Chase during the application process. Factors such as credit history, credit utilization, and other debts are also assessed, so it’s important to maintain a strong overall financial profile.

What is Sapphire Preferred Card Credit Limit?

The Sapphire Preferred Card’s credit limit varies depending on factors such as your creditworthiness and income. Chase evaluates these factors during the application process to determine the credit limit for each applicant. The initial credit limit may vary, but responsible usage, timely payments, and good credit management can lead to credit limit increases over time. Recently, the card limit has been between $5,000 and $100,000.

Is the Chase Sapphire Preferred Card Metal?

Yes, the Chase Sapphire Preferred Card is made of metal. Its distinctive metal construction gives it a premium feel and stands out from traditional plastic credit cards. The metal design has become a hallmark of premium travel rewards cards, adding to the overall appeal and perceived value of the Chase Sapphire Preferred Card.

How Good is the Chase Sapphire Preferred Card?

The Chase Sapphire Preferred Card is widely regarded as an excellent choice for individuals who enjoy traveling and dining out. Its rewards program, which offers bonus points on travel and dining purchases, is highly competitive, and the ability to transfer points to frequent flyer and hotel loyalty programs adds significant value. The card also provides travel benefits, such as trip cancellation insurance and no foreign transaction fees. Overall, the Chase Sapphire Preferred Card is considered one of the top travel rewards cards in the market.

How Long Does It Take to Get a Chase Sapphire Preferred Card?

The timeframe for receiving a Chase Sapphire Preferred Card can vary. Once your application is approved, it typically takes 7-10 business days for the card to arrive by mail. However, factors such as location and any delays in processing can affect the delivery time. You can track the progress of your application through the Chase website or by contacting their customer service.

How do you activate the Chase Sapphire Preferred Card?

You have a few options to activate your Chase Sapphire Preferred Card. You can activate it online by visiting the Chase website and logging into your account. Alternatively, you can activate the card by calling the phone number provided on the sticker attached to the card. Follow the prompts to complete the activation process, and once activated, you can start using your card for purchases.

How do you apply for the Chase Sapphire Preferred Card?

To apply for the Chase Sapphire Preferred Card, visit the Chase website and navigate to the credit cards section. There, you can find the application form for the Sapphire Preferred Card. Fill in all the required information, including personal, employment, and financial information. Once submitted, Chase will review your application and notify you of their decision. It’s important to ensure you meet the eligibility criteria and have the necessary documents and information before applying.

How do you cancel a Chase Sapphire Preferred Card?

To cancel your Chase Sapphire Preferred Card, you can contact Chase customer service via phone or secure messaging on the Chase website. They will guide you through the cancellation process and may ask for some verification information. Be aware that canceling a credit card may affect your credit score, so it’s important to consider all factors before making a final decision.

9.7Expert Score

Overall Rating

Chase Sapphire Preferred Credit Card: Earn a sign-up bonus of 60,000 bonus points worth $750 , enjoy primary rental car coverage, flexible rewards redemption, and travel transfer partners. With a low annual fee $95 and no foreign transaction fees, this card offers great value for frequent travelers.

Rewards Program

9.6

Annual Percentage Rate

9.5

Rewards Flexibility

Features

Issuer Customer Experience

9.6

PROS

Lucrative sign-up bonus of 60,000 points after spending $4,000 in the first three months, that is $750 towards travel when you redeem through Chase Ultimate Rewards
2x points on travel and dining at restaurants worldwide, 1 point per dollar spent on all other purchases
No foreign transaction fees when using the card abroad
Bonus rewards for travel airfare and hotel dining purchases with a 25% boost in value when redeemed through Chase Ultimate Rewards
Excellent travel benefits like trip cancellation insurance, trip delay reimbursement, and baggage insurance

CONS

Annual fee of $95
Higher Interest Rates

Specification: Chase Sapphire Preferred Credit Card

Best For:	Travel Rewards
Recommended Credit	Good to Excellent (670 – 850)
Intro Offer:	60,000 Points (Miles)
Rewards	5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, 2x 2x on all other travel purchases, and more
Annual Fee:	$95
Regular APR:	21.49% – 28.49% Variable
Intro Balance Transfers APR:	N/A
Intro Purchase APR:	N/A
Intro Purchase APR Period:	N/A
Balance Transfers Fee:	$5 or 5% of the Transferred Balance
Foreign Transaction Fee	No Foreign Transaction Fee
Cash Advance Fee	$10 or 5% of the amount of each advance, whichever is greater
Late Payment Fee:	Up to $40
Cash Equivalent Fee	No Fee
Convenience Check Fee	N/A
Returned Payment Fee:	Up to $40
Over Limit Fee:	No Over Limit Fee
ExtendPay Fee	N/A
Credit Card Limit:	$5,000 to $100,000 Credit Limit
Credit Card Type	Travel
Credit Card Features	Airline, Auto Rental Insurance, Concierge Service, Dining, EMV, Excellent Credit, Extended Warranty Program, Hotel, Lost Luggage Reimbursement, Mobile Pay Ready, No Foreign Transaction Fee, Points, Primary Auto Rental Insurance, Purchase Protection, Rewards, Roadside Assistance, Travel, Travel Accident Insurance, Travel Assistance, Trip Cancellation Insurance, Unsecured Credit Card, Visa Card, Zero Fraud Liability