What To Know
- Determining whether the Chase Sapphire Preferred® Card is a worthwhile investment for you can be a challenging decision.
- To help you make an informed choice, we have developed an exclusive calculator that empowers you to estimate the potential savings and rewards you can earn with this premium credit card.
- Our calculator will provide a personalized estimate of the potential points you can earn and the value of those points based on your redemption preferences.
Determining whether the Chase Sapphire Preferred® Card is a worthwhile investment for you can be a challenging decision. To help you make an informed choice, we have developed an exclusive calculator that empowers you to estimate the potential savings and rewards you can earn with this premium credit card.
Understanding the Benefits of Chase Sapphire Preferred
1. Generous Sign-Up Bonus:
Earn 60,000 bonus points after spending $4,000 in the first 3 months of account opening. These points can be redeemed for travel, gift cards, or cash back.
2. High Rewards Rate:
Earn 2 points per dollar spent on dining, including takeout and delivery, and travel. You’ll also earn 1 point per dollar on all other purchases.
3. Flexible Redemption Options:
Redeem your points for a wide range of rewards, including flights, hotels, car rentals, gift cards, and cash back.
Is Chase Sapphire Preferred Worth It? Use Our Calculator
To determine if the Chase Sapphire Preferred card aligns with your spending habits and financial goals, simply input the following information into our calculator:
- Estimated monthly dining expenses
- Estimated monthly travel expenses
- Estimated monthly other purchases
- Desired redemption method (e.g., flights, gift cards, cash back)
Our calculator will provide a personalized estimate of the potential points you can earn and the value of those points based on your redemption preferences.
Additional Factors to Consider
1. Annual Fee:
The Chase Sapphire Preferred card has an annual fee of $95. Factor this cost into your calculations to determine the overall value of the card.
2. Creditworthiness:
To qualify for the Chase Sapphire Preferred card, you’ll need a good to excellent credit score.
3. Travel Perks:
The card offers various travel perks, such as trip cancellation/interruption insurance, primary rental car collision damage waiver, and access to airport lounges.
When Chase Sapphire Preferred Is a Good Choice
- You frequently dine out and travel
- You value flexible redemption options
- You have a good to excellent credit score
- You’re willing to pay the annual fee
When Chase Sapphire Preferred May Not Be Worth It
- You rarely dine out or travel
- You prefer cash back over travel rewards
- You have a poor credit score
- You’re not comfortable paying an annual fee
Takeaways: Make an Informed Decision
Our Chase Sapphire Preferred calculator provides a valuable tool to help you assess the potential value of this card. By considering your spending habits, redemption preferences, and other factors, you can determine if the Chase Sapphire Preferred card is the right choice for you.
Frequently Asked Questions
Q: How many points do I need for a free flight?
A: The number of points required for a free flight varies depending on the airline and destination.
Q: Can I earn points on purchases made abroad?
A: Yes, you can earn points on purchases made in any currency.
Q: What is the minimum credit score required for the Chase Sapphire Preferred card?
A: Chase typically requires a credit score of 700 or higher for approval.
