The Chase Sapphire Preferred credit card has stood out for its rewards structure, ideal for anyone looking to earn while shopping in physical or online stores.
Additionally, it has top-notch security to ensure complete peace of mind for customers, who can use it within and outside the country through the Visa network. New customers can earn up to 60,000 bonus points, which is another differentiator.
Want to learn more about all the benefits this card offers? Keep reading to discover why it could be the ideal card for you!
About The Issuer
Chase Bank, one of the largest financial institutions in the United States, is the issuer of the Chase Sapphire Preferred credit card. Known for its innovative products and excellent customer service, Chase has extensive experience in the banking and credit card sectors.
Founded in 2000 following the merger between Chase Manhattan and J.P. Morgan, the institution has continually refined its financial products. The Sapphire Preferred is one of Chase’s most popular cards, especially among travelers and people who enjoy accumulating points for flexible redemptions.
With a strong commitment to offering attractive benefits and a versatile rewards program, Chase continues to stand out as one of the leading credit card issuers in the market.
Benefits Of The Chase Sapphire Preferred Card
Earnings On Travel And Dining: Earn 3 points for every dollar spent on dining, including delivery, and 2 points for every dollar spent on travel. This is a great option for those who enjoy exploring restaurants and frequent travel.
Initial Points Bonus: The Chase Sapphire Preferred offers a generous initial bonus of up to 60,000 points for new cardholders if they meet the minimum spending amount in the first three months. This is worth approximately $750 in travel credits through the Chase portal.
Points Transfer To Partners: Points accumulated with the Chase Sapphire Preferred can be transferred to 14 travel partners, such as United’s MileagePlus program and Marriott Bonvoy, offering flexibility to maximize the value of your rewards.
Hotel Credit: When booking hotels through the Chase Travel portal, the card offers an annual $50 credit, helping to lower travel costs and making it even easier to accumulate points.
Travel Insurance: Cardholders are covered with travel insurance, including cancellation, baggage delay, and accident coverage, providing an extra layer of security on trips, at no additional cost.
Purchase Protection: The Chase Sapphire Preferred credit card offers purchase protection that covers damage or theft of items purchased with the card for up to 120 days after purchase. Additionally, there is an extended warranty that can double the original manufacturer’s warranty by up to one year, providing more security and peace of mind for your acquisitions.
No Foreign Transaction Fees: Though often associated with travel, the lack of foreign transaction fees also benefits international online purchases and purchases at foreign stores within the U.S. This means you can use your card globally without worrying about additional costs, making it ideal for international shopping and spontaneous travel.
Access To The Chase Benefits Portal: Cardholders have exclusive access to offers and promotions on the Chase Benefits Portal, where they can find discounts on a variety of products and services. From electronics to exclusive experiences, this portal expands the options for using accumulated points, offering even more value for your rewards.
Free Credit Monitoring: The card includes free access to your credit report and FICO score, allowing you to monitor your credit health at no additional cost. This benefit is essential for maintaining a good credit history and making informed financial decisions.
Fraud Alerts And Advanced Security: The card uses advanced security technologies to monitor suspicious transactions and alert cardholders immediately. Additionally, in case of loss or theft, Chase provides prompt assistance to block the card and issue a replacement, ensuring that your data and finances are always protected.
Access To Exclusive Events: Chase Sapphire Preferred credit card cardholders may have access to pre-sales and exclusive tickets for special events such as concerts, sports, and cultural experiences. This benefit provides unique opportunities to enjoy memorable moments, often with additional perks like preferred seating.
Flexible Rewards Program: The points accumulated can be used in various ways beyond travel, including cashback, gifts, and transfers to other loyalty programs. This flexibility allows cardholders to choose the most advantageous way to redeem their points according to their personal needs and preferences.
Fees And Charges For The Chase Sapphire Preferred Credit Card
The annual fee for the Chase Sapphire Preferred is $95, which is considered competitive given the benefits offered. However, the card waives foreign transaction fees, making it even more attractive for international travelers.
It’s worth noting that fees can be adjusted without prior notice, so it’s advisable to check the updated conditions directly with Chase.
Credit Limit
The credit limit for the Chase Sapphire Preferred varies according to the cardholder’s individual credit analysis. In general, the initial limit can be considered high, especially for those with a good credit history.
Users who maintain a good relationship with the bank and frequently use the card may request credit limit increases over time, according to Chase’s criteria.
Positive points
- Affordable Annual Fee:With an annual fee of $95, the card stands out for the value it offers to its cardholders.
- Travel Partnerships:The flexibility to transfer points to various airlines and hotels is an important differentiator.
- Travel Security:Insurance coverage provides extra protection for frequent travelers.
Negative points
- Limited Benefits Use On Chase Portal:Some benefits, such as hotel credit, can only be used when booked through the Chase portal.
- High Credit Requirements:The card is intended for people with good or excellent credit, which may limit access.
- Potential For High Interest:Like any travel card, it’s essential to avoid carrying a balance to prevent high interest charges.
How To Apply For The Chase Sapphire Preferred Credit Card
- Access the Chase website and locate the Chase Sapphire Preferred page;
- Click on the application button and start the application;
- Fill out the form with your personal information, such as income and credit history;
- Review and submit your application;
- Wait for Chase’s review, which typically responds within a few days;
- If approved, the card will be sent to the registered address;
- Activate the card as soon as you receive it;
- Start accumulating points with your purchases!
- You can also start using the card before the physical one arrives by using a digital wallet.
How To Contact Chase Bank
For support with the Chase Sapphire Preferred:
-
- Phone: 1 800 935 9935
- Online: Visit the official Chase website and access the customer service section
- Branches: Visit a physical bank branch for personalized service
For more information and details about the Chase Sapphire Preferred credit card, visit the official website and discover how this card can elevate your travel and everyday shopping experiences.
