Chase Sapphire Preferred® Card
Intro Offer
Annual Fee
Overview
Credits:
Cardholders can earn up to $50 in statement credits every account anniversary year for hotel stays that are booked through Chase Travel℠
Spending Multipliers:
5x points on travel booked through Chase Travel℠ (excluding hotel purchases that qualify for the card’s $50 Annual Chase Travel Hotel Credit)
2x points on other travel purchases
3x points on dining, including eligible delivery services, takeout and dining out
3x points on online grocery (excluding Target, Walmart and wholesale clubs)
3x points on select streaming services
1x points on all other purchases
Other Value:
Every account anniversary, cardholders will receive bonus points equal to 10% of total purchases made in the previous year (for example, if you spend $25,000 on purchases, you'll get 2,500 bonus points)
Travel Benefits and Protections
While the Chase Sapphire Preferred® Card provides good peace of mind due to the following:
No foreign transaction fees
Auto rental collision damage waiver (coverage is primary, terms apply)
Trip cancellation / interruption insurance
Trip delay reimbursement
Baggage delay insurance
Redeeming Points
One of the standout features of the Chase Sapphire Preferred® Card is its flexibility in points redemption. Points can be redeemed through the Chase for 25% more value. For example, 60,000 points would be worth $750 if redeemed towards travel through Chase.
Alternatively, points can be transferred to numerous airline and hotel partners at a 1:1 ratio, potentially yielding a higher value when done strategically.
Conclusion
While the Chase Sapphire Preferred® Card may not include perks like airport lounge access or credits for services such as Global Entry, it still provides a solid set of benefits for the annual fee. It is particularly appealing to those who are savvy with point transfers and who want a travel card with decent earning potential and good travel protections, without a high annual cost. Whether you're new to travel rewards or a seasoned points collector, the Chase Sapphire Preferred® Card provides a compelling mix of features that can work with a wide range of needs.
