Chase Sapphire Preferred Card Review: know the benefits offered

Welcome to our finance blog! Today, we're excited to introduce you to the Sapphire Preferred Card by Chase, a premium credit card designed for those who love to travel and dine out. This card offers an array of benefits, including a generous sign-up bonus, valuable reward points, and a variety of travel perks. Let's delve into the details of this impressive card and explore how it can elevate your financial and travel experiences.

Card Details

The Sapphire Preferred Card comes with an enticing welcome offer – earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening. These points can be redeemed for $750 towards travel when using Chase Ultimate Rewards®. Additionally, the card offers an excellent rewards rate, with 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases.

Cardholders can enjoy additional perks, such as a $50 annual Ultimate Rewards Hotel Credit, access to DashPass for a year (unlocking $0 delivery fees and lower service fees), and the opportunity to earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards®. Moreover, the card provides 25% more value when redeeming points for airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards®, making it an attractive option for frequent travelers.

Card Fees and Rates

The Sapphire Preferred Card has an annual fee of $95. While this fee may seem significant, the card's benefits and rewards far outweigh this cost, especially for frequent travelers and diners. Additionally, the card offers a variable APR ranging from 21.24% to 28.24%, depending on your creditworthiness.

As for cashback, the card does not provide a direct cashback option. Instead, it offers reward points that can be redeemed for travel, which can be more valuable for those who frequently travel. However, it's essential to consider your spending habits and travel preferences to determine if this reward structure aligns with your financial goals.

Keep in mind that to be eligible for this card, a recommended credit score of 690-850 (Good to Excellent) is required, and it's available to those who have not received a new cardmember bonus for any Sapphire card in the past 48 months.

Card Benefits

Here are the key advantages of the Sapphire Preferred Card:

• Earn 60,000 bonus points after spending $4,000 in the first 3 months, worth $750 towards travel when redeemed through Chase Ultimate Rewards®.
• Earn 5x points on travel purchased through Chase Ultimate Rewards® (excluding hotel purchases eligible for the $50 Annual Ultimate Rewards Hotel Credit).
• Earn 3x points on dining, including eligible delivery services, takeout, and dining out.
• Earn 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
• Earn 3x points on select streaming services.
• Earn 2x points on other travel purchases.
• Earn 1 point per dollar spent on all other purchases.
• Enjoy 25% more value when redeeming points for travel through Chase Ultimate Rewards®.
• Receive bonus points equal to 10% of your total purchases made the previous year on each account anniversary.
• Access valuable travel benefits, including Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance, and more.
• Complimentary access to DashPass for a year, unlocking $0 delivery fees and lower service fees on eligible orders.
• Earn 5x points on Lyft rides through March 31, 2025.
• Get 6 months of complimentary Instacart+ membership and earn statement credits through July 2024 on eligible Instacart purchases.
• Enjoy complimentary DashPass membership for DoorDash and Caviar through December 31, 2024.
• Earn 5x points on Peloton equipment and accessory purchases over $150 through March 31, 2025.

With its remarkable rewards program and an array of travel and dining perks, the Sapphire Preferred Card is an excellent choice for individuals seeking a premium credit card tailored to their globetrotting lifestyle.