Chase Sapphire Preferred: Our #1 Starter Card

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The Chase Sapphire Preferred® Card has long been considered one of the best travel rewards credit cards on the market. Since Chase launched their new Sapphire Reserve card at the end of 2016, it has stolen a lot of attention from the Sapphire Preferred card. However, the Chase Sapphire Preferred card is still one of our favorite travel rewards credit cards, and one you should have in your wallet. The card has an annual fee of $95 which is waived for the first year, making it very approachable for those that are new to award travel.

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Benefits Of The Chase Sapphire Preferred Card

Sign Up Bonus of 50,000 Chase UR points: After you spend $4,000 in the first 3 months of card membership. That is $625 toward travel when you redeem the points through the Chase Ultimate Rewards portal. You can actually buy our flight deals with the points. You can also transfer these points to a number of partners, to easily find even more value. For more information on how these points can be used, see our top 5 redemptions for Ultimate Rewards Points.

Redeem Chase Ultimate Rewards Points For 1.25 Cents Per Point:  One of the best benefits of this card – Get 25% more value when you redeem your points for airfare, hotels, car rentals, etc. through Chase Ultimate Rewards. The 50,000 point sign-up bonus is worth $625 toward travel. Again, we recommend booking flight deals with the points, but there are so many great ways to use the points. See some of our favorites here.

2X Points On Travel And Restaurants Worldwide: You will earn 2X points on all travel and restaurant dining purchases and 1 point per dollar on all other spend. There are also no foreign transaction fees.

Primary Car Rental Insurance: When you charge your car rental to the Chase Sapphire Preferred card, you are able to decline the insurance from the rental company and be covered up to $75,000 for theft and/or collision damage.

Trip Cancellation/Trip Interruption Insurance: If your trip is cut short or interrupted by sickness and/or severe weather, you will be reimbursed for pre-paid, nonrefundable travel expenses (airfare, tours, etc.) up to $10,000 per trip. This is available to the cardholder, traveling companion or immediate family member when you pay for the trip with the Sapphire Preferred Card.

Baggage Delay Insurance — If your checked baggage is delayed by more than 6 hours, you will be reimbursed $100 per day for up to 5 days for essential purchases (clothing, toiletries, etc.)

Extended Warranty Protection: Receive an additional year of coverage on eligible purchases with a manufacturer’s warranty of three years or less. This is a great way to add additional protection to expensive electronics, among other items.

Purchase Protection: Personal property protection from theft or damage. If something happens to an item within 120 days of purchase, it will be repaired or replaced for a value of up to $500.

Click Here to get more information about this card. 

 

Bottom Line

The Chase Sapphire Preferred card is a fantastic card. With an annual fee of only $95 (waived in the first year), you will be hard-pressed to find a card that offers more bang for your buck. The card is subject to Chase’s 5/24 rule so you will need to consider this before applying.

Also, if you already have the Chase Sapphire Reserve card, you will not be eligable to apply for this card. You can only earn a bonus from the Sapphire family of cards once every 24 months. The rules can be confusing but this card is definitely one you want in your wallet.

Click Here to get more information about this card. 

 

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Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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