Chase Sapphire Preferred Annual Fee Pros and Cons

The Chase Sapphire Preferred annual fee is a significant expense, but it comes with some impressive benefits. The fee is $95, which is relatively low compared to other premium credit cards.

The annual fee is waived for the first year, so you can try out the card without committing to the full fee. This is a great opportunity to see if the card's benefits outweigh the cost.

With the Chase Sapphire Preferred, you'll earn 2X points on travel and dining purchases, which can add up quickly. If you use the card for these types of purchases, the annual fee might be a worthwhile investment.

The Chase Sapphire Preferred card offers some amazing benefits and perks. You can earn a 25% redemption bonus on your points when redeeming them for travel bookings made through Chase Travel℠, making your points worth 1.25 cents instead of just 1 cent.

Additionally, you'll earn bonus points equal to 10% of your base earnings on total purchases made in the previous year, which can add up quickly. For example, if you spend $25,000 on purchases, you'll get 2,500 bonus points.

You can also book travel through Chase Travel℠ and save points, as seen in the example where booking a $500 flight would cost 40,000 points instead of 50,000 points with a cash-back card.

To give you a better idea, here are some key benefits of the Chase Sapphire Preferred card:

These benefits can make a big difference in the value you get from your points, and they're definitely worth considering when deciding whether the annual fee is worth it.

You can get a waiver on the Chase Sapphire Preferred's annual fee if you have an intro $0 annual fee for the first year, which should be reflected in your account's disclosures.

The offer has been around for a while, so it's not a new thing. If your account shows a zero intro annual fee, you can choose to submit a case to the CFPB about this matter.

However, it's worth considering the value of your time and the potential outcome. Spending lots of hours on it might not be worth it, especially since you can't be certain of the outcome.

If you do decide to pursue it, visiting a branch and speaking with a banker can be a good idea. Let them know that you'll move your bank accounts elsewhere unless they refund you the $95 annual fee.

The Chase Sapphire Preferred annual fee is $95, which is relatively low compared to other premium credit cards. This fee is a small price to pay for the many rewards and benefits that come with the card.

The Sapphire Preferred offers 60,000 bonus points after spending $4,000 in the first 3 months, which can be redeemed for travel through Chase Ultimate Rewards. This bonus is a great incentive for new cardholders to meet the spending requirement.

The card's rewards structure is straightforward, offering 2X points on travel and dining purchases, and 1X point on all other purchases. This means that cardholders can earn a significant number of points on their daily expenses.

One of the key benefits of the Sapphire Preferred is its travel insurance and assistance, which can provide peace of mind for cardholders who travel frequently. This includes trip cancellation and interruption insurance, as well as travel and emergency assistance services.

Overall, the Chase Sapphire Preferred annual fee is a worthwhile investment for those who can take advantage of its many rewards and benefits.