Chase Sapphire Preferred Card

Key Benefits

Welcome Bonus:
Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. These points are worth $750 when redeemed through Chase Ultimate Rewards®.

Point Earnings:
– 5x points on travel purchased through Chase Ultimate Rewards®.
– 3x points on dining (including eligible delivery services, takeout, and fast food).
– 3x points on online streaming services.
– 3x points on internet, cable, and phone services.
– 2x points on all other travel purchases.
– 1x point on all other purchases.

Points Redemption:
– 25% more value when redeeming for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 in travel.
– 1:1 point transfer to partner loyalty programs like United, Southwest, Marriott, Hyatt, and more.

Travel Protection:
Trip Cancellation/Interruption Insurance: Up to $10,000 per person and $20,000 per trip for prepaid, non-refundable travel expenses.
Trip Delay Reimbursement: Up to $500 per ticket for hotel and meal expenses in case of travel delay.
Primary Rental Car Insurance: Coverage for collision and theft in rental cars in the US and abroad.

Additional Benefits:
No Foreign Transaction Fees: Avoid extra charges on purchases made outside the US.
Purchase Protection: Covers new purchases for 120 days against damage or theft, up to $500 per claim and $50,000 per account.
Extended Warranty Protection: Extends the US manufacturer’s warranty by up to one additional year on eligible warranties.

Fees

Annual Fee: $95
Annual Percentage Rate (APR): Variable between 21.24% – 28.24%, depending on the cardholder’s creditworthiness.

Requirements

Credit Needed: Generally requires good to excellent credit (credit score of 690 or higher).

Other Considerations

Chase Ultimate Rewards® Travel Portal: Provides access to discounted bookings for flights, hotels, car rentals, and activities.
Exclusive Events and VIP Experiences: The card often offers access to special events, shows, and exclusive culinary experiences.

Ideal For

Frequent Travelers: Especially those who value the flexibility of redeeming points for travel and taking advantage of point transfers to airline and hotel loyalty programs.
Consumers Spending on Dining and Entertainment: The rewards on dining, streaming services, and other services make this card advantageous for people who spend in these categories.

The Chase Sapphire Preferred® Card is highly valued for its robust travel benefits and flexible rewards, making it an excellent choice for frequent travelers and consumers looking to maximize their credit card rewards.