Chase Sapphire Preferred Credit Card: A Must-Have for Travelers and More

If you're a traveler, the Chase Sapphire Preferred Credit Card is a must-have. It offers a 60,000-point bonus after spending $4,000 in the first 3 months.

The card's rewards program is one of its standout features, earning you 2X points on travel and dining purchases. This can add up quickly, especially if you use the card for daily expenses like groceries and restaurants.

One of the best things about this card is its flexibility when redeeming points. You can transfer them to popular airline and hotel loyalty programs, or use them for travel purchases through Chase's travel portal.

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The Chase Sapphire Preferred credit card is a great choice for travelers, offering a range of benefits and features that make it hard to find at a similar price point.

You can earn a generous 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.

One of the card's standout features is its rewards program, which includes 5x points on travel purchased through Chase Travel℠, 3x points on dining, select streaming services, and online groceries, 2x points on all other travel purchases, and 1x point on all other purchases.

The card also offers a $50 Annual Chase Travel Hotel Credit, which can be a big help when booking hotels.

With the Chase Sapphire Preferred card, you can get 25% more value when you redeem for airfare, hotels, car rentals, and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.

Some other benefits of the card include Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance, and more.

Here are some of the key benefits of the Chase Sapphire Preferred card:

You'll also get complimentary access to DashPass, which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.

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The rewards and earning potential of the Chase Sapphire Preferred credit card are truly impressive. You can earn 5 points per dollar on all travel booked through Chase Travel, making it a great option for frequent travelers. You'll also earn 3 points per dollar on dining, select streaming services, and online grocery purchases.

With this card, you'll earn 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases. This means you'll rack up points quickly, even on everyday purchases. Plus, you'll get 60,000 bonus points after spending $4,000 in the first 3 months from account opening.

One of the best features of the Chase Sapphire Preferred is the ability to transfer points to participating frequent travel programs at a full 1:1 value. This means you can turn your points into miles or points with airline and hotel loyalty programs. You can transfer points to about a dozen airline and hotel loyalty programs, including World of Hyatt, Air Canada Aeroplan, and United MileagePlus.

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Here's a breakdown of the earning rates on the Chase Sapphire Preferred:

By taking advantage of these earning rates and transferring points to your favorite loyalty programs, you can maximize your rewards and earn even more points.

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The Chase Sapphire Preferred credit card has a sign-up bonus of 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.

The annual fee is $95, but the benefits you get may make it worth the cost. You'll earn 5 points per $1 spent on all travel purchased through Chase, 3 points per $1 spent on dining, select streaming services, and online grocery purchases, and 2 points per $1 spent on travel not purchased through Chase.

Here are the earning rates broken down:

The card has a variable APR of 20.49% - 27.49% on purchases and balance transfers. There are no foreign transaction fees, which is great for international travel.

The Chase Sapphire Preferred credit card offers a range of perks and privileges that make it an excellent choice for travelers. You can enjoy primary rental car insurance, trip cancellation/interruption insurance, and lost luggage insurance, giving you peace of mind when traveling.

One of the standout features of the Chase Sapphire Preferred card is its travel credit. While it doesn't come with a large annual credit like the Chase Sapphire Reserve, it still provides some benefits, such as access to airport lounges through Priority Pass Select.

As a cardmember, you'll also get exclusive access to events and experiences, including priority tickets and the best seats in the house for concerts, sporting events, and more. This is a great perk for music and sports enthusiasts who want to get up close to their favorite performers or teams.

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Exclusive Events Access is a major perk of the Chase Sapphire Preferred Card. You'll enjoy priority tickets and the best seats in the house for a wide range of events.

With this card, you'll beat the crowds and get your tickets to concerts and sporting events before they sell out. This is especially useful for popular events that tend to sell out quickly.

You'll also get to experience events from the best seats in the house, whether you're watching a game or a concert. This is a great way to enhance your enjoyment of live events.

Here are some specific benefits of Exclusive Events Access:

One of the best perks of having a certain level of status is the ability to order takeout at popular eateries around town.

You can also make reservations at restaurants, wineries, and bars across the country, giving you access to a wide range of dining experiences.

With this privilege, you can enjoy a night out at a fancy restaurant, or have a quick and easy dinner delivered right to your doorstep.

The convenience and flexibility of being able to dine out or have food delivered is a big advantage of having this perk.

The Chase Sapphire Preferred Card offers primary rental car insurance, which means you're covered in case something happens to the rental car. This can give you peace of mind while traveling.

The Chase Sapphire Preferred Card also provides trip cancellation/interruption insurance, which can help reimburse you if your trip is cancelled or interrupted due to unforeseen circumstances.

Lost luggage insurance is another perk offered by the Chase Sapphire Preferred Card, which can provide financial assistance if your luggage is lost or stolen.

The Chase Sapphire Reserve Card comes with an annual $300 travel credit, which can be used to offset travel expenses. This can be a huge help if you're a frequent traveler.

Priority Pass Select access is also included with the Chase Sapphire Reserve Card, which gets you into several airport lounges for free and includes meal credits for certain airport eateries. This can be a great way to relax and unwind before your flight.

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The Chase Sapphire Preferred credit card has its trade-offs, especially when compared to its more expensive counterpart. The Chase Sapphire Reserve is a better fit for those who value traveling in style.

One notable drawback of the Chase Sapphire Preferred is that it's not the best option for those who travel frequently, as the more expensive card offers a better fit for luxury travelers.

However, the Chase Sapphire Preferred has some redeeming qualities, such as offering up to 6.25% back when redeeming for travel, making it a great choice for those who prioritize earning rewards in this way.

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The balance transfer fee is a crucial consideration when deciding whether to apply for the Chase Sapphire Preferred card. It's either $5 or 5% of the amount of each transfer, whichever is greater.

This fee can add up quickly, especially if you're transferring a large amount of debt. For example, if you transfer $1,000, the fee would be $50, which is a significant chunk of change.

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You'll need to carefully weigh the benefits of the card against the costs of the balance transfer fee. If you're not planning to use the card for its rewards benefits, the fee might be a major drawback.

The fee is a one-time charge, but it's still something to consider when deciding whether to apply for the card.

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The Chase Sapphire Preferred Card has its drawbacks. The card's reward categories and rates can be complex, making it difficult to understand how to maximize your rewards.

Earning up to 6.25% back when redeeming for travel is a great perk, but it requires using the Chase portal to book travel or transferring points to a different loyalty program.

The card's foreign transaction fees are nonexistent, which is a significant advantage for international travelers.

However, the card's rewards and redemptions can be tightly tied to using the Chase portal, which can be overwhelming for some users.

If you're interested in a simpler rewards structure, consider the Capital One Venture Rewards Credit Card, which earns 5 miles per dollar on hotels and car rentals booked through Capital One Travel.

Other purchases earn 2 miles per dollar, but there's still multiple ways to redeem rewards with this card, including transferring them to travel partners.

The Capital One Venture Rewards Credit Card is a great option for those who want something a little easier to use, but if you want something even more straightforward, consider a cash-back credit card.

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To be eligible for the Chase Sapphire Preferred, you'll need good to excellent credit, which is generally defined as a FICO score of 690 or higher.

Chase also considers other factors like your income and existing debts when making a decision.

If you're in line with Chase's 5/24 rule, you'll be more likely to get approved for the card.

To get approved for many credit cards, you need good to excellent credit. Good credit is generally defined as a FICO of 690 or higher.

Chase's 5/24 rule also plays a role in determining creditworthiness. This means that if you've opened five or more new credit cards in the past 24 months, you may not be eligible for certain cards.

Having a high income and manageable existing debts can also improve your chances of getting approved.

If you get rejected for the Chase Sapphire Reserve or Chase Sapphire Preferred Card, there are a few reasons why this might happen.

You'll be automatically rejected if you currently have one of these cards, or if you previously had one and received the bonus within the past 48 months.

You'll also get rejected if you previously had one of these cards, regardless of whether you received the bonus.

You have the right to know why you've been rejected, and issuers are required by federal law to inform you within 60 days.

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You can try contesting the rejection by calling Chase, especially if you're a current customer with a long history of on-time payments.

If you're a current Chase customer, you might be able to sign up for the card by requesting a product change, although this means you won't be eligible for the welcome bonus.

To be eligible for the Chase Sapphire Preferred's welcome bonus, you'll typically need a good to excellent credit score. You can't currently have any Sapphire card, including the Sapphire Preferred or Chase Sapphire Reserve. You also can't have received a new card member bonus for any Sapphire card in the past 48 months.

Chase has a 5/24 rule, which means if you've opened five or more credit cards from any bank in the last 24 months, it will be harder to get approved for a new Chase credit card. Some business credit cards may not add to your Chase 5/24 count, however, because they don't appear on your personal credit report.

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Here are the specific requirements for the welcome bonus:

Keep in mind that these requirements are subject to change, so it's always a good idea to check the Chase website for the most up-to-date information.

The Chase Sapphire Preferred credit card is a popular choice for travelers, but it's not the only option. The Capital One Venture Rewards Credit Card is a great alternative, offering a similar annual fee and spending requirement to earn a bonus. This card requires $4,000 in spending within the first three months to earn 75,000 bonus miles, which are worth $750 in travel purchases.

The Chase Sapphire Preferred, on the other hand, offers a 60,000-point bonus, which is still a significant reward. However, the Capital One Venture Card has a bigger stash of transferrable rewards, with the option to transfer miles to 18 partner airline and hotel loyalty programs.

The annual fee for both cards is $95, which is a relatively low cost considering the rewards they offer. However, the Chase Sapphire Reserve card has a much higher annual fee of $550.

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Here's a comparison of the three cards:

Ultimately, the choice between these cards will depend on your individual needs and preferences. If you're looking for a more affordable option with a bigger stash of transferrable rewards, the Capital One Venture Card may be the way to go.

The Chase Sapphire Preferred Credit Card is a top choice for travelers, offering a versatile and valuable option for earning and redeeming rewards.

With an annual fee of $95, this card stands out for its ability to earn rewards in various ways, including transferring points to loyalty programs like United Airlines, Southwest Airlines, Marriott, and Hyatt.

If you're a traveler who enjoys finding ways to maximize your rewards, this card is a great fit.

The card's rewards program, Ultimate Rewards, allows for strategic redemption of points for travel, making it a valuable tool for those who want to get the most out of their rewards.

The card's annual fee is relatively low, especially considering the benefits it offers.

The Chase Sapphire Preferred Card has a big sign-up bonus and high-value points, making it a favorite among travelers who are looking to earn and redeem rewards effectively.

Overall, the card's benefits, including annual travel credits and comprehensive travel protections, make it a solid choice for those who want to protect their travel plans and earn rewards.

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