Chase Sapphire Preferred Review for 2020
Chase Sapphire Preferred Card
At first glance, the Chase Sapphire Preferred® Credit Card isn't a show-stopper. Customers earn 2x points on travel and dining and 1x points on everything else (for a $95 annual fee). If you assume -- from a rewards-per-dollar perspective -- there are better cards out there, you'd be right. But the Sapphire Preferred Card's value comes not so much from how you earn points but how you redeem them. It's also packed with valuable perks.
- Earn 80,000 bonus points -- worth up to $1,000 -- when you spend $4K in the first 3 months
- Points are worth 25% more when redeemed for travel via Chase Ultimate Rewards
- Many travel insurance and protection benefits
- No foreign transaction fees
- $95 annual fee
- Requires some know-how to get maximum value
- No promotional APRs
- High regular APRs
Never sleep in the airport again!
That’s just one of the many reasons to sign up for what’s known nationwide as THE must-have traveler’s credit card.
This card out delivers other travel rewards credit cards and is one of the most highly-recommended travel credit cards for singles and families alike.
And now, with its value-packed introductory offer of 80,000 points – 30,000 more points than in previous years – it’s hard to look away. And frankly, why would you?
In our Chase Sapphire Preferred review, we’re going to break down all of the awesome benefits of the card and talk about why any traveler without one is missing out.
So, don’t be scared away by the $95 annual fee. This card more than pays for itself, and in our Chase Sapphire Preferred review, we’ll explain why.
Basic Details of the Chase Sapphire Preferred Card
- Annual Fee: $95
- Card Type: Travel Rewards
- Foreign Transaction Fee: 0%
- Credit Score Range: 690 and above
- Introductory Offer: 80,000 point bonus when you spend $4,000 on qualified purchases in the first 3 months.
- Limited Time: earn 80,000 bonus points after spending $4,000 in the first 3 months
- Learn More >>
What are the Rewards for the Chase Sapphire Preferred Card?
We’re glad you asked. This card boasts incredible travel rewards for foodies and people who love dining out. Here’s what you get:
2X Points on Travel and Dining
1X Points per Dollar Spent on all Other Purchases
Though this does not include balance transfers or cash advances.
What Airlines Does Chase Sapphire Preferred Work With?
As we said, Chase has over 10 travel partners across airlines and hotels all over the world.
Having this card is basically like being in a VIP travel club where you transfer your points to get deals with these travel partners:
Airline Travel Partners
- Aer Lingus, AerClub
- British Airways Executive Club
- Emirates Skywards®
- Flying Blue AIR FRANCE KLM
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards®
- United MileagePlus®
- Virgin Atlantic Flying Club
Hotel Travel Partners
- IHG® Rewards Club
- Marriott Bonvoy™
- World of Hyatt®
What Other Travel Perks Are There?
Never pay for costly trip insurance through the airline again. Whether you run into bad weather or surprise sickness, this card gives you trip cancellation protection – and then some.
Here’s a full list of travel benefits you get with the Chase Sapphire Preferred:
- Trip Cancellation / Interruption Insurance up to $10,000 per person and $20,000 per trip. If you get sick, encounter severe weather, or run into another covered scenario your travel expenses, even if they are non-refundable. This includes all your passenger fares, tours and excursions, and hotels. Mind. BLOWN.
- Primary Auto Rental Collision Damage Insurance with coverage up to the entire cash value of the vehicle. This goes for theft and collision damage for most rentals in the U.S. and abroad.
- Baggage Delay Insurance that reimburses you for must-haves that go missing when airlines lose track of your luggage. This includes toiletries and clothing for any baggage delays that’s over 6 hours. You’ll be covered for up to $100 a day for 5 days.
- Trip Delay Reimbursement for long delays. Never sleep in the airport again. With the Chase Sapphire Preferred, any delays more than 12 hours or requiring an overnight stay will be covered. Your meals and lodging, up to $500 per person, will be taken care of free of charge.
Is Chase Sapphire Preferred A Good Credit Card?
When unexpected troubles arise, any Chase Sapphire Preferred cardholders can call their Benefits Administrator for a referral to get the information they need.
While there’s no fee for the service, once Chase partners you with assistance, cardholders cover the cost of services on their own.
Travel can be unpredictable, but a travel rewards credit card is not only for seasoned experts.
In fact, having a card with Travel and Emergency Assistance Services is meant for helping out for when you run into a problem like a flat tire, or a more serious concern like medical or legal trouble.
Here are the Travel and Emergency Assistance Services provided with the Chase Sapphire Preferred to make sure you’re in the right hands when you’re abroad.
- Emergency Messaging Service: for sending messages to other travelers, family, or colleagues
- Medical Referral Assistance: to help with the process of medical referrals, monitoring, and follow-up, including a directory of English-speaking doctors, dentists, and hospitals
- Legal Referral Assistance: to arrange contact with English-speaking attorneys, U.S. embassies, or consulates
- Emergency Transportation Assistance: in the event of an accident requiring an ambulance or air transport to a medical facility
- Emergency Ticket Replacement: for when you lose your ticket
- Lost Luggage Locator Service: to help with your claim if your baggage is lost
- Emergency Translation Service: for telephone assistance and help finding local interpreters
- Prescription Assistance: to help get your necessary meds filled while abroad
- Valuable Document Delivery Arrangements: to transport medical documents you may have forgotten about
- Pre-Trip Assistance: to give you the low-down on ATM locations, health precautions, local currency, exchange rates, and more
Is Chase Sapphire Preferred Worth It?
The quick answer is, yes! The numerous benefits that Chase Sapphire Preferred offers highly outweigh the cost of the annual fee.
But if you’re not someone who eats out very often, we could understand why you may ask this question. That’s why we combed through the rest of this card’s benefits to help you understand its full protective powers.
More Buying Power When You Redeem Points Through Chase:
Your Chase Ultimate Rewards points are equivalent to 25% more when you book your air travel and hotel accommodations through Chase. This means that Chase’s 80,000 point welcome bonus gives you up to $1,000 in travel rewards where other credit cards would only give you $750.
And remember – Chase Ultimate Rewards Points never expire unless you close the account.
Basic Credit Protections
Enjoy complimentary credit score updates every week while having the ability to check your score at any time without penalty.
Purchase Protection against damage or theft up to $500 for new purchases in the first 120 days. Extended Warranty Protection adds an additional year of coverage onto eligible purchases.
Is Chase Sapphire Preferred Hard to Get?
The Chase Sapphire Preferred card is meant for consumers with a good history of credit card usage, on-time payments, and a credit utilization percentage on the lower side. But you don’t have to have perfect credit to qualify for the Chase Sapphire Preferred card.
All in all, having a credit score of 690 or above would give you the strongest chances of being approved for this card.