Best Benefits of the Chase Sapphire Preferred Card

Chase Sapphire Preferred is a highly sought-after travel rewards card that offers an array of exceptional benefits. Here are some of the advantages that make It a top choice among travelers. I currently carry this card in my wallet.

Generous Sign-Up Bonus:

Chase Sapphire Preferred often offers a substantial sign-up bonus for new cardholders. Meeting the minimum spending requirement within a specified timeframe can earn significant bonus points, which can be redeemed for travel expenses. Bonuses change often, so be on the lookout for great offers. The current bonus while typing this post is 80,000. I have included a screenshot of mine below. Do not worry about the 0 points balance the card was too new to have received a statement yet.

Valuable Points Earning Potential:

With Chase Sapphire Preferred, you earn points on every dollar spent. You will earn 3x points per dollar on dining at restaurants worldwide and on travel expenses, including airfare, hotels, and car rentals. These accelerated points earning rate allows you to accumulate rewards quickly. We generate 7-10K points while earning the sign-up bonus.

Flexible Points Redemption:

Chase Ultimate Rewards, the loyalty program associated with Chase Sapphire Preferred, offers flexible redemption options. You can redeem your points for travel through the Chase Ultimate Rewards portal, where you’ll receive a 25% bonus on travel redemptions. Alternatively, you can transfer your points to partner loyalty programs, including major airlines and hotel chains, for potentially even greater value.

Travel Insurance and Protection:

Chase Sapphire Preferred provides a range of valuable travel insurance benefits. These include trip cancellation/interruption insurance, trip delay reimbursement, baggage delay insurance, and primary car rental insurance when you pay for the rental with your card. These protections offer peace of mind and can save you money in unexpected situations.

Complimentary DoorDash DashPass:

As a Chase Sapphire Preferred cardholder, you receive a complimentary DashPass subscription for a minimum of one year. DashPass provides unlimited free delivery and reduced service fees on eligible orders from DoorDash and select restaurants. This benefit can lead to substantial savings on food delivery.

Global Acceptance and No Foreign Transaction Fees:

Chase Sapphire Preferred is widely accepted around the world, making it an ideal companion for international travel. Additionally, the card does not charge foreign transaction fees, which can save you significant money on purchases made abroad.

Travel and Purchase Protections:

Beyond travel insurance, Chase Sapphire Preferred offers additional protections, such as purchase protection and extended warranty coverage. These features provide coverage against damage or theft of eligible purchases and extend the manufacturer’s warranty on qualifying products.

Exclusive Access to Events:

Chase Sapphire Preferred cardholders enjoy exclusive access to various events, including concerts, sporting events, and culinary experiences. The Chase Experiences program allows you to gain priority access, preferred seating, and other unique perks at select events.

24/7 Customer Support:

Chase Sapphire Preferred provides 24/7 customer support, ensuring assistance whenever you need it, whether you have questions about your account, need help with travel bookings, or require assistance in case of a lost or stolen card.

Chase Sapphire Preferred combines a compelling rewards structure, flexible redemption options, valuable travel benefits, and exceptional customer service, making it a standout travel rewards card for frequent travelers and those seeking to maximize their travel experiences.

Keeping your Travel Rewards Cards Safe

Travel reward credit cards that contain chips and utilize RFID (Radio Frequency Identification) technology offer convenience and security for frequent travelers. The inclusion of RFID chips in these cards allows for contactless transactions and faster processing at various locations around the world. However, it is important to be aware of the need to protect these cards from potential RFID skimming or unauthorized scanning. You can read our post about RFID Wallets for more details.

Understanding the Chase 5/24 Rule

Many travel rewards enthusiasts swear by Chase credit cards for their lucrative points programs and travel benefits. But before you get swept up in the excitement of snagging a new Chase card, consider an important hurdle: the infamous “Chase 5/24 rule.” This rule isn’t officially advertised, but it can significantly impact your approval odds.

Essentially, the 5/24 rule refers to Chase’s unofficial guideline for approving new credit card applications. It states that applicants with five or more new credit cards opened across all issuers in the past 24 months will likely be denied. So, even if you haven’t opened any Chase cards specifically, recent credit card activity with other banks can still affect your eligibility. Understanding this rule is crucial for strategically planning your credit card applications to maximize your travel rewards potential.

Chase Sapphire Preferred Conclusion

The Chase Sapphire Preferred card is one of my all-time favorites. Chase Ultimate Rewards points are always great to have available. You can use them for great airline redemptions. Be sure to read about the best airline programs if you haven’t yet. This card has a low annual fee of $95. If you are looking for a card with no annual fee, I suggest reading this post, Top 5 No Annual Fee Credit Cards. According to most in the points and miles game, the best way is to use them for hotel redemptions with Hyatt. For more hotel reward programs, read this. If you want more info about the Chase Sapphire Preferred, check out this article from creditcards.com.