Unlock Exclusive Perks: Is The Chase Sapphire Preferred Card Worth The Hype?

Are you considering getting the Chase Sapphire Preferred® Card? With its generous rewards, travel perks, and other benefits, it’s certainly a tempting option. But before you make a decision, it’s important to understand the full picture and ask yourself: is Chase Sapphire Preferred worth getting?

What is the Chase Sapphire Preferred® Card?

The Chase Sapphire Preferred® Card is a premium travel rewards credit card that offers a range of benefits, including:

• 2x points on travel and dining purchases
• 1 point per dollar on all other purchases
• 1:1 point transfer to popular travel partners
• $95 annual fee
• No foreign transaction fees

Perks and Benefits

In addition to its rewards program, the Chase Sapphire Preferred® Card also offers a number of perks and benefits, such as:

• Trip cancellation/interruption insurance: Up to $10,000 per trip
• Baggage delay insurance: Up to $3,000 per trip
• Rental car collision/damage waiver: Secondary coverage
• Extended warranty protection: Up to one additional year
• 24/7 customer service: Available by phone, chat, or online

Earning and Redeeming Points

Chase Ultimate Rewards points are earned with every purchase you make with the Chase Sapphire Preferred® Card. You can redeem your points for a variety of travel rewards, including:

• Flights: Book flights directly through Chase or transfer points to airline partners
• Hotels: Book hotels directly through Chase or transfer points to hotel partners
• Experiences: Book unique experiences, such as tours, activities, and dining
• Gift cards: Redeem points for gift cards to popular retailers and restaurants

Transfer Partners

One of the biggest benefits of the Chase Sapphire Preferred® Card is its extensive network of transfer partners. This allows you to transfer your points to a variety of airlines and hotel programs, including:

• Airlines: United, Southwest, Delta, British Airways, Singapore Airlines, and more
• Hotels: Marriott, Hyatt, IHG, Hilton, and more

Annual Fee

The Chase Sapphire Preferred® Card has an annual fee of $95. This fee is waived for the first year. After that, you will need to pay the annual fee each year to keep your account open.

Is Chase Sapphire Preferred Worth Getting?

Whether or not the Chase Sapphire Preferred® Card is worth getting depends on your individual spending habits and travel preferences. Here are some factors to consider:

• Do you spend a lot on travel and dining? If you spend a significant amount on travel and dining, the Chase Sapphire Preferred® Card can be a great way to earn rewards. You’ll earn 2x points on these purchases, which can add up quickly.
• Do you value travel perks? The Chase Sapphire Preferred® Card offers a number of valuable travel perks, such as trip cancellation/interruption insurance, baggage delay insurance, and rental car collision/damage waiver. These perks can provide peace of mind when you’re traveling.
• Do you have a travel rewards strategy? If you have a travel rewards strategy, the Chase Sapphire Preferred® Card can be a valuable addition to your portfolio. The card’s flexible rewards program and extensive network of transfer partners give you plenty of options for redeeming your points.
• Can you afford the annual fee? The Chase Sapphire Preferred® Card has an annual fee of $95. You’ll need to make sure you can afford this fee before applying for the card.

Alternatives to Chase Sapphire Preferred

If you’re not sure if the Chase Sapphire Preferred® Card is right for you, there are a number of other travel rewards credit cards to consider. Here are a few alternatives:

• Chase Freedom Unlimited®: No annual fee, 1.5x points on all purchases
• Discover it® Cash Back: No annual fee, 5% cash back on rotating categories
• Capital One Venture Rewards Credit Card: No annual fee, 2x miles on all purchases

Making a Decision

Ultimately, the decision of whether or not to get the Chase Sapphire Preferred® Card is a personal one. Consider your spending habits, travel preferences, and budget before making a decision.

Frequently Asked Questions

Q: What is the minimum credit score required to get the Chase Sapphire Preferred® Card?
A: The minimum credit score required to get the Chase Sapphire Preferred® Card is 700.

Q: How many points do I need to redeem for a free flight?
A: The number of points you need to redeem for a free flight depends on the airline and route you choose. Generally, you can expect to need between 25,000 and 50,000 points for a domestic round-trip flight.

Q: Can I use my Chase Sapphire Preferred® points to book hotels?
A: Yes, you can use your Chase Sapphire Preferred® points to book hotels. You can book hotels directly through Chase or transfer your points to hotel partners.