What To Know
- This trifecta allows you to earn Ultimate Rewards points on all your purchases, boosting your spending power and increasing your chances of an annual fee waiver.
- For business owners, the Chase Ink Preferred® Business Card offers a similar rewards program to the Sapphire Preferred card, but with a lower annual fee.
- Can I get an annual fee waiver if I’ve only had the card for a few months.
Are you ready to unlock the world of travel rewards without the burden of an annual fee? Look no further than the Chase Sapphire Preferred® Card. In this comprehensive guide, we’ll reveal the secrets to getting your annual fee waived, empowering you to maximize your travel benefits.
1. Become a High-Value Customer
Chase values customers who bring in significant revenue. By spending heavily on your Sapphire Preferred card, you can demonstrate your loyalty and potentially qualify for a fee waiver. Aim for at least $10,000 in annual purchases, or more if possible.
2. Utilize the Chase Trifecta Strategy
Combine the Sapphire Preferred card with the Chase Freedom Unlimited® and Chase Freedom Flex℠ cards. This trifecta allows you to earn Ultimate Rewards points on all your purchases, boosting your spending power and increasing your chances of an annual fee waiver.
3. Negotiate with Chase
If you’ve been a loyal customer for several years, don’t hesitate to contact Chase and request a fee waiver. Explain your spending habits, travel frequency, and the value you bring to the company. Sometimes, a simple phone call can lead to a successful negotiation.
4. Take Advantage of Retention Offers
Chase often sends out retention offers to cardholders who are considering closing their accounts. These offers may include annual fee waivers, bonus points, or other incentives. If you receive a retention offer, carefully consider whether it meets your needs and negotiate if necessary.
5. Utilize the Military Benefits
Active-duty military members and their families are eligible for an annual fee waiver on the Sapphire Preferred card. Simply provide a copy of your military ID to Chase to activate this benefit.
6. Product Change to a No-Annual-Fee Card
If all else fails, you can consider product changing your Sapphire Preferred card to a no-annual-fee card, such as the Chase Freedom Unlimited®. While you’ll lose some of the premium benefits, you’ll also eliminate the annual fee.
7. Utilize the Chase Ink Preferred® Business Card
For business owners, the Chase Ink Preferred® Business Card offers a similar rewards program to the Sapphire Preferred card, but with a lower annual fee. You can earn Ultimate Rewards points on business expenses and potentially qualify for an annual fee waiver based on your spending.
The Ultimate Takeaway: Embrace Smart Travel Savings
Mastering the art of getting your Chase Sapphire Preferred annual fee waived is a game-changer for savvy travelers. By leveraging these strategies, you can unlock the world of rewards without breaking the bank. Remember, the key is to be a valuable customer, negotiate effectively, and take advantage of special offers. Embrace smart travel savings and embark on unforgettable adventures without the weight of an annual fee.
Answers to Your Most Common Questions
Q: How much do I need to spend to qualify for an annual fee waiver?
A: Aim for at least $10,000 in annual purchases, but more spending may increase your chances.
Q: Can I get an annual fee waiver if I’ve only had the card for a few months?
A: It’s unlikely, but you can try negotiating with Chase after a few months of consistent spending.
Q: What happens if I close my Sapphire Preferred card and later want to reopen it?
A: You may not be eligible for the same annual fee waiver benefits as before. It’s best to keep your account open if possible.
