The Chase Sapphire Preferred® Card offers unparalleled travel insurance protections and elevated rewards in select bonus categories, all for an annual fee of $95. While the travel rewards may not be as generous as some other cards, this card stands out with its top-notch travel protections. These include trip delay protection and trip cancellation insurance that covers more than just airfare, making it one of the best travel cards available at its price point. Below are the key details of the Chase Sapphire Preferred Card:
Chase Sapphire Preferred Card Review Highlights
– Earn three points per dollar spent on dining, select streaming services, and online grocery store purchases.
– Earn five points per dollar on travel purchased through Chase, as well as on Lyft rides through March 31, 2025.
– Earn two points per dollar on all other travel purchases.
– Enjoy a $50 annual hotel credit for stays purchased through Ultimate Rewards.
– Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards.
– Benefit from best-in-class travel insurance benefits, such as primary auto rental collision damage waiver, trip delay reimbursement, baggage delay coverage, and lost luggage reimbursement.
– Transfer points to airline and hotel partners, including Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Executive Club, Southwest Airlines Rapid Rewards, United Airlines MileagePlus, and Hyatt.
– No foreign transaction fees.
Chase Sapphire Preferred Pros and Cons
Pros:
– Useful 3x categories for online grocery, dining, and select streaming.
– Points can be redeemed for cash back or travel through Chase Ultimate Rewards.
– Superior travel protections, including trip delay coverage.
– Easy-to-use transfer partners through Ultimate Rewards.
Cons:
– The current welcome offer includes 60,000 bonus points after spending $4,000 on purchases within the first three months.
– To be eligible for the welcome offer, you must not have any Chase Sapphire card and have not received a welcome bonus for any Sapphire card in the past 48 months.
How to Earn Rewards
– Five points per dollar on travel purchased through Chase Ultimate Rewards.
– Five points per dollar on Lyft rides through March 31, 2025.
– Three points per dollar spent on dining, online grocery purchases, and select streaming services.
– Two points per dollar spent on all other travel.
– One point per dollar spent on all other purchases.
– Use Shop Through Chase to earn Ultimate Rewards points while shopping with select merchants.
– All cardmembers receive a 10% anniversary points boost every account anniversary, and spending $50,000 on the card during the year earns an additional 5,000 bonus points.
How to Redeem Chase Sapphire Preferred Rewards
– Travel through Chase Ultimate Rewards: Redeem points for flights, hotels, car rentals, activities, or cruises and get 1.25 cents of value per point.
– Cash back: Points can be redeemed for cash back rewards at a value of one cent per point.
– Transfers to travel partners: Transfer points to 12 airline frequent flyer programs and three hotel transfer partners for potential additional value.
– Gift cards: Occasionally offers sales on gift card redemptions, providing more than one cent of value per point.
– Other redemption options, such as Pay Yourself Back, donations to select charities, and using points for Apple purchases, rarely offer more value than cash back redemptions.
Benefit Highlights
– Travel insurance protections: Trip cancellation and interruption insurance, primary auto rental collision damage waiver, baggage delay insurance, lost luggage reimbursement, trip delay reimbursement.
– Other perks/benefits: Purchase protection, extended warranty protection, DashPass.
Note: The information provided is accurate at the time of writing, but benefits and terms are subject to change.