What To Know
- The card is issued with a temporary number that allows you to make transactions before receiving the physical card.
- While you can use the Chase Sapphire Preferred® Card for purchases right away, some benefits may require a bit more time to activate.
- The Chase Sapphire Preferred® Card is linked to the Chase Ultimate Rewards® portal, where you can redeem your points for various rewards.
The Chase Sapphire Preferred® Card is renowned for its impressive rewards and travel perks. However, one question that often arises is whether you can use the card’s benefits immediately after approval. This blog post delves into the details to provide a comprehensive answer to the question, “Can you use Chase Sapphire Preferred immediately?”
Immediate Card Usage
Upon approval for the Chase Sapphire Preferred® Card, you can activate it and start using it for purchases right away. The card is issued with a temporary number that allows you to make transactions before receiving the physical card.
Instant Reward Points
One of the most exciting benefits of the Chase Sapphire Preferred® Card is its generous rewards program. You’ll earn points on every purchase you make, and these points can be redeemed for travel, cash back, gift cards, and more. The good news is that you’ll start earning rewards immediately upon using the card.
Extended Benefits Activation
While you can use the Chase Sapphire Preferred® Card for purchases right away, some benefits may require a bit more time to activate. For instance, the card’s travel protections, such as trip cancellation/interruption insurance and baggage delay insurance, typically take 14 days to become effective.
Chase Ultimate Rewards® Portal
The Chase Sapphire Preferred® Card is linked to the Chase Ultimate Rewards® portal, where you can redeem your points for various rewards. You can access the portal online or through the Chase mobile app. However, it may take a few days for your points to appear in the portal after your first purchase.
Welcome Bonus Eligibility
The Chase Sapphire Preferred® Card offers a substantial welcome bonus of up to 60,000 points after meeting certain spending requirements. The bonus points are typically added to your account within 8 to 12 weeks of account opening. However, you can still use the card to earn points towards the bonus before it is credited.
Important Considerations
- Credit Limit: Your credit limit will be determined during the approval process and will impact how much you can spend on the card.
- Statement Cycle: The Chase Sapphire Preferred® Card typically has a monthly statement cycle. Your rewards will be calculated based on the purchases you make during the statement period.
- Annual Fee: The card has an annual fee of $95, which is not waived during the first year. Be aware of this expense when considering the card’s overall value.
The Bottom Line: Enjoy Instant Benefits, Plan for Extended Perks
In summary, you can use the Chase Sapphire Preferred® Card for purchases immediately upon approval. You’ll start earning rewards right away, but certain benefits may take some time to activate fully. By understanding these timelines, you can maximize the card’s benefits and enjoy the instant gratification it offers.
FAQ
Q: Can I use the Chase Sapphire Preferred® Card to pay my rent?
A: Yes, but check with your landlord as some may charge a fee for credit card payments.
Q: How long does it take for the welcome bonus points to appear in my account?
A: Typically within 8 to 12 weeks of account opening.
Q: Is there a minimum spending requirement for the welcome bonus?
A: Yes, you must spend $4,000 within the first 3 months of account opening to qualify for the full bonus.
Q: Can I transfer my Chase Ultimate Rewards® points to other loyalty programs?
A: Yes, you can transfer points to various airline and hotel loyalty programs.
Q: Is the Chase Sapphire Preferred® Card worth the annual fee?
A: The value depends on your spending habits and travel frequency. If you frequently travel and redeem rewards, the card can be a valuable asset.
