Overview
Chase Sapphire Preferred® Card is one of the finest credit cards that deliver exceptional value. It offers big rewards, perks, and a number of travel insurance options, with a low annual fee. New cardholders may qualify for an enticing bonus of 75,000 points. In addition, you can earn up to 5 points per dollar spent on travel and 3 points per dollar on dining purchases.
Card Benefits
Sign-up Bonus
Chase Sapphire Preferred Card is currently running an offer to give out a bonus of 75,000 points. If you spend at least $5,000 in purchases within your first 3 months of becoming a card member, you will receive a bonus of 75,000 points. Redemption for travel gives you more in value than redemption for cash rewards. In addition, you can also receive a $50 Chase Travel Hotel Credit annually to pay towards hotel expenses.
Earn Rewards
For every dollar you spend, you will earn 5 points on travel purchased through Chase Travel, 3 points on dining, 3 points on online grocery purchases (excluding Walmart, Target, and wholesale clubs), 3 points on select streaming services, 2 points on all other travel purchases, and 1 point on all other purchases. Points can be redeemed for cash rewards, gift cards, or travel. When you use points to redeem for cash, each point is worth 1 cent, which means that 100 points equals $1 in redemption value.
Your points don’t expire as long as your account remains open, however, you will immediately lose all your points if your account status changes, or your account is closed for program misuse, fraudulent activities, failure to pay, bankruptcy.
1:1 Point Transfer to Leading Frequent Travel Programs
Chase Sapphire Preferred Card allows you to transfer points to leading frequent travel programs at a full 1:1 value with no transfer fees. Frequent travel programs include popular travel loyalty programs of the following airlines and hotels: United MileagePlus, Southwest Airlines Rapid Rewards, JetBlue TrueBlue, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, World of Hyatt, IHG Rewards Club, and many more.
Additional Travel Benefits
On top of all the nice features, Chase Sapphire Preferred Card does not charge foreign transaction fees. Most other credit cards charge 3% foreign transaction fees, which costs you extra $30 for each $1,000 you spend while traveling abroad. With no foreign transaction fees, Chase Sapphire Preferred Card is one of the best travel cards to use when you visit overseas for business trips or personal vacations.
Additional Information
Fees
There is an annual fee of $95. With all the travel benefits and a generous bonus, frequent travelers can easily earn enough rewards to offset the cost of annual fee.
Required Credit Rating
The Chase Sapphire Preferred Card is for people with good or excellent credit rating. If you have a credit score of 700 or more, you may be eligible for the credit card.
Is this the right card for you?
If you value rewards and like travel benefits such as 1-to-1 point transfer to travel loyalty programs, the Chase Sapphire Preferred Card is the right card for you. It is a travel credit card with no foreign transaction fees. It offers solid rewards on travel and dining purchases.
This credit card has a low annual fee of $95, but it offers rich bonus points for new card members, which can offset more than a few years of annual fee. In addition, its generous rewards and valuable travel perks make it a useful credit card for travelers.
