Maximizing Your Travel Rewards: The Ultimate Guide to the Chase Sapphire Preferred®
You can use your Chase Sapphire Preferred card to take you to Paris, France!
Last Updated: August 25, 2023
Key Benefits of the Chase Sapphire Preferred® Card
Are you looking for a travel rewards card that offers an exceptional sign-up bonus and a generous rewards program? Look no further than the Chase Sapphire Preferred. With its impressive 60,000-point sign-up bonus, this card is a great way to kick off your travels and start earning rewards.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®, but it can be worth $1,200 or more based on Points Passport’s valuations when redeemed through travel transfer partners.
5x on travel purchased through Chase Ultimate Rewards®
3x on dining
2x on all other travel purchases
$50 annual Ultimate Rewards Hotel Credit, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance, and more.
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, 2024.
Member FDIC
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APRs
The key to making the most out of your points and miles is never to carry a balance and never pay interest, but just in case, here are the current APRs for this card:
Ongoing Purchase APR: 21.49% - 28.49% variable
Ongoing Balance Transfer APR: 21.49% - 28.49% variable
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What is the Chase Sapphire Preferred?
The Chase Sapphire Preferred is a premium travel rewards credit card that offers cardholders a wide range of benefits and rewards. The card is designed for people who love to travel and want to earn rewards on their everyday purchases. With its generous sign-up bonus and ongoing rewards program, the Chase Sapphire Preferred is popular among frequent travelers and travel enthusiasts.
Top Tier Rewards Program
The Chase Sapphire Preferred offers a generous rewards program that allows you to earn points on your everyday purchases. You'll earn 3x points per $1 spent on dining, 2x points per $1 spent on travel, and 1 point per $1 spent on all other purchases. Additionally, you'll earn Earn 5x total points on Lyft rides through March 2025!
The KEY to the Chase Sapphire Preferred is that it UNLOCKS travel transfer partners! This means you can transfer your Ultimate Reward points from your Chase Sapphire Preferred card to partner airlines and hotels, where you can redeem your points and miles for 2-4X the value! Here’s a quick list of the partners:
Benefits of the Chase Sapphire Preferred
In addition to its impressive rewards program, the Chase Sapphire Preferred offers a range of other benefits that make it a great choice for frequent travelers. These benefits include:
Travel and purchase protection: The card offers trip cancellation/interruption insurance, auto rental collision damage waiver, and purchase protection.
No foreign transaction fees: When you use the card to make purchases outside of the United States, you won't be charged any foreign transaction fees.
1:1 point transfer: You can transfer your Chase Ultimate Rewards® points to a variety of airline and hotel loyalty programs at a 1:1 ratio.
Travel insurance: You'll receive trip delay reimbursement, baggage delay insurance, and travel accident insurance when you use your card to book travel.
Up to $10/month GoPuff Benefit: To take advantage of this promotion, simply visit gopuff.com or use the Gopuff mobile app and pay with your eligible Chase credit card at checkout. There's no need to enroll to receive this benefit - you'll automatically receive a $10 statement credit each month. This adds up to a potential value of $120 per year for each eligible card you have. Don't miss out on this excellent opportunity to save on your Gopuff purchases with your Chase credit card. You have until December 31, 2023, to make the most of this incredible offer and receive monthly statement credits worth hundreds of dollars. Don't wait too long to take advantage of this limited-time opportunity!
Is the Chase Sapphire Preferred for Me?
The Chase Sapphire Preferred is an excellent choice for frequent travelers or those who want to earn rewards on their everyday purchases. However, before you apply for the card, it's essential to consider whether or not it's the right choice for you. Here are a few things to consider:
Are you able to spend $4,000 on purchases within the first three months to earn the sign-up bonus?
Do you frequently travel or dine out, as these are the categories that earn the most points?
Can you use the rewards you earn through the Chase Ultimate Rewards® program?
Are you comfortable paying an annual fee of $95?
If you answered yes to these questions, the Chase Sapphire Preferred may be a good fit for you. It's important to note that the card requires good to excellent credit, so check your credit score before applying.
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5/24 Rule
The Chase 5/24 rule is a policy that applies to many of the bank's credit cards, including the Chase Sapphire Preferred. The rule states that you will not be approved for a new Chase credit card if you have opened five or more accounts within 24 months.
This means that if you have opened five or more credit card accounts within the past 24 months, you will not be able to get the Chase Sapphire Preferred, even if you have good credit and meet all other eligibility requirements.
It's essential to remember this rule when applying for any Chase credit card, as it can limit your options if you have opened multiple credit card accounts quickly. If you're not sure if you meet the 5/24 rule, check your credit report to see how many credit card accounts you have opened within the past 24 months.
Conclusion
The Chase Sapphire Preferred is the ultimate travel rewards card, offering an impressive 60,000-point sign-up bonus and a generous rewards program. This card is a must-have if you're a frequent traveler or travel enthusiast. Apply today and start earning rewards on your everyday purchases.
Learn More About the Chase Sapphire Preferred®
FAQs
Can I use the Chase Sapphire Preferred outside of the United States?
Yes, you can use the card to make purchases outside of the United States without incurring any foreign transaction fees.
How do I redeem my rewards points?
You can redeem your rewards points through the Chase Ultimate Rewards® program for travel, cash back, gift cards, and more.
Is there an annual fee for the Chase Sapphire Preferred?
Yes, there is a $95 annual fee for the card.
How long does it take to receive my card after I apply?
You should receive your card within 7-10 business days after your application is approved. You can call and request expedited shipping, which can take 1-3 business days.
Can I transfer my points to airline and hotel loyalty programs?
Yes, you can transfer your Chase Ultimate Rewards® points to various travel partners!
Can I apply for a Chase Sapphire Preferred® Card if I’m currently an Authorized User on someone else’s Chase Sapphire Preferred® Card or Chase Sapphire Reserve® Card?
Yes, while there isn’t any official published policy from Chase, there is a lot of data from others that have been approved in this situation. Chase typically views an authorized user as not having had a Sapphire product themselves since they’re not the primary card holder. While unlikely, if you have any issues here, we recommend contacting Chase and explaining the situation.