Who is The Chase Sapphire Preferred Card for?
As one of Chase’s flagship credit cards, anybody searching for a travel rewards credit card needs to consider the Chase Sapphire Preferred Card. This card has become a consumer favorite thanks to its travel rewards program and long list of advantages and perks.
Due to the points awarded for traveling and dining, the Chase Sapphire Preferred Card is beneficial for most consumers. All travel and dining expenses, ranging from airfare, to hotels, to fine dining, will be rewarded with 2x points. This makes any trip advantageous for its users, as transportation costs, such as flights, along with Uber and Lyft rides will receive 2x points.
Speaking of Lyft, the Chase Sapphire Preferred Card has a special feature awarding 5x points on Lyft rides through March 2022. This gives the customer 3x points in addition to the 2x points already awarded for travel. Pairing nicely with the travel benefits, this card earns 2x points on all dining expenses, making it beneficial regardless of travel uses.
This rewards card from Chase benefits the everyday user, earning points on normal expenses, and doubling these points for travel and dining, making it a desirable card for all spenders.
This card receives rewards on anything you purchase, earning 2x points for travel and dining and 1x points for all other purchases, making the card beneficial whether you are buying a cheeseburger, a jet, or anything in between. Although the benefits are most helpful when spending on food or travel-related items, every dollar spent will provide 1 more point, which can be redeemed on a variety of items.
The points you receive also never expire, allowing consumers to save points in order to gain greater rewards. If you want to plan a large trip for an occasion in the future, such as an anniversary or a graduation, you are able to maintain your points over the years and spend them on what you really want, as long as your account remains open.
This card also comes with a series of built-in partnerships giving the user greater benefits. Through Chase’s partnership with DoorDash, all people who use the Sapphire Preferred card to order food through the app will receive a minimum of one year on qualifying food purchases with DashPass. This provides unlimited $0 deliveries with and reduced service fees on orders over $12.
This card earns 5x points on all Lyft rides through March 2022, rewarding customers for an app that many of them already have. Making transportation more rewarding fits in with the card’s ultimate goal of benefitting the traveler, along with the everyday person.
The Chase Sapphire Preferred card also offers access to the Chase Ultimate Rewards portal where you earn 25% more value when redeeming points for hotels, flights, cruises, and car rentals.
Another benefit of this card is the 1:1 point transfer option. Even if you are not booking your flight or hotel through Chase, with Chase Sapphire Preferred, you can transfer your points to leading frequent travel programs at 1 to 1 value. Airline travel partners include:
- Aer Lingus, AerClub
- 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 include:
- IHG® Rewards Club
- Marriott Bonvoy
- World of Hyatt
Thus, points earned through Chase can also be used to access rewards from some of your favorite airlines and hotels.
Protections and Benefits
This card offers a multitude of protections on items bought with the card, giving cardholders safety when making a purchase. All new purchases are covered for 120 days against damage or theft up to $500 per claim and $50,000 per account. Thus, all users will have the chance to earn money back if their new items are stolen or damaged.
Also, the Chase Sapphire Preferred card offers a variety of travel protections, the largest coming in the form of trip cancellation or interruption insurance. If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses This protection includes all passenger fares, tours, and hotels. In addition, you can be reimbursed for baggage delays, awarding up to $100 per day for up to 5 days for baggage delays of over 6 hours.
The card also allows you to decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to the actual cash value of the vehicle for any theft and damage you may incur in most rental cars in the United States and in foreign countries.
Another benefit of the card is the lack of a foreign transaction fee. Benefitting the international traveler once again, this card carries no additional costs for purchases made outside of the United States, making this an ideal card for world travelers. Most credit card purchases in other countries consist of a 3% foreign transaction fee with 1% being paid to the payment processor and 2% going to the card issuer. However, the Chase Sapphire Preferred card eliminates this fee, proving that this card is tailored for the international traveler.
Finally, this card allows access to 24/7 specialized customer assistance. If you ever have questions about benefits or problems with payments, a customer service specialist will be there to assist you at any hour of the day.
Crucial to maximizing rewards with this card is spending $4,000 in the first three months after the opening of the account. Doing this will earn consumers 80,000 points. Since users of this card can access the Chase Ultimate Rewards portal they can receive 25% more in travel redemption, making the initial 80,000 points a $1000 value towards hotels, car rentals, and flights. We recommend paying for any future trips, gifts, or other expensive items immediately in order to receive these 80,000 points. As long as the consumer is confident that they can reach $4,000 in spending in 3 months, the rewards will be plentiful.
One slight drawback is the annual fee of $95. However, comparing this fee to other travel cards puts this card on the affordable end of the spectrum. As mentioned before, spending $4,000 in 3 months will reward the user with $1000 of travel credit, covering nearly 8 years of annual fees, making it well worth the investment. Also, considering the flexibility and the protection that accompanies the purchase, the annual fee is minuscule in the grand scheme of things.
The Chase Sapphire Preferred card is affordable, flexible, and rewarding, benefitting all credit card users. Due to its increased points multiplier on travel and dining, all users will be able to cash in rewards for the low annual cost of $95, making it an attractive card regardless of budget.