The Chase Sapphire Preferred credit card is widely recognized for its exceptional advantages and unmatched flexibility. With welcome bonuses and an excellent points program, it has won over consumers of all kinds.
Its benefits don’t stop there, as the card can also be used in various places worldwide and comes with comprehensive insurance, providing more peace of mind to customers.
If you’re looking for a card that offers more than the ordinary, this option from Chase should not be overlooked. Keep reading to discover everything about its benefits, fees, and how to apply.
About the Issuer
The Chase Sapphire Preferred credit card is issued by Chase Bank, one of the largest and most respected financial institutions in the United States. As part of the JPMorgan Chase & Co. group, Chase Bank has a long history of excellence in the banking sector, offering a wide range of financial products.
The stability and reputation of Chase Bank ensure that Sapphire Preferred customers can count on high-quality support and a secure experience.
Additionally, Chase Bank is known for its focus on innovation, continuously improving its digital services to better serve its customers. The Chase Sapphire Preferred is an example of this, with an easy-to-use app that allows you to manage your card efficiently and securely.
Benefits
Rapid Points Accumulation: With the Chase Sapphire Preferred, you earn 2 points per dollar spent on travel and 3 points at restaurants. All other purchases earn 1 point per dollar. These points can accumulate quickly, especially for those who travel or dine out frequently, maximizing rewards in popular spending categories.
Sign-Up Bonus: One of the biggest attractions of the Chase Sapphire Preferred is the sign-up bonus. After spending $4,000 on purchases in the first 3 months of account opening, you earn 60,000 bonus points. These points can be redeemed for travel, cashback, or transferred to partner loyalty programs.
Comprehensive Travel Protection: The card offers several protections for travelers, such as coverage for trip cancellation and interruption, which reimburses non-refundable expenses in case of cancellations due to covered events. It also offers protection for lost or delayed baggage and rental car insurance, eliminating the need to purchase additional insurance.
No Foreign Transaction Fees: When you use the Chase Sapphire Preferred outside the US, there are no foreign transaction fees, meaning you can use your card globally without incurring additional costs. This is especially advantageous for frequent travelers abroad or those who shop on international websites, ensuring savings on every transaction.
Exclusive Access to Experiences: The card offers access to exclusive events, such as special dinners, concerts, and unique travel experiences. Cardholders can participate in experiences not available to the general public, making it an ideal choice for those who value not only financial rewards but also privileged access to exclusive events and services.
Flexibility in Point Redemption: Accumulated points can be redeemed in various ways. You can use them to book travel directly through Chase Ultimate Rewards, where points are worth more, or opt for cashback, gift cards, or products.
Transfers to Partners: Points can be transferred to a variety of hotel loyalty and airline programs at a 1:1 ratio. This means that every point you earn with the Chase Sapphire Preferred can be converted into miles or points in partner programs like Marriott Bonvoy, United MileagePlus, and World of Hyatt, expanding your point usage options.
Purchase Protection Coverage: Purchases made with the card are protected against damage or theft for up to 120 days, with coverage of up to $500 per claim and $50,000 per account. This provides an extra layer of security for expensive or important items, allowing you to shop with confidence, knowing you’re protected against unforeseen events.
Travel and Emergency Assistance: The Chase Sapphire Preferred offers a travel assistance service that can help in emergency situations, such as lost documents or medical assistance during trips. It also provides access to concierge services that can help organize trips or event reservations, making your travels smoother and better organized.
Chase Sapphire Preferred credit card – Fees and commissions
The Chase Sapphire Preferred has a competitive annual fee of $95, which is easily offset by the benefits offered. The variable APR ranges between 29.49% and 28.49%, based on each customer’s credit profile.
It’s important to note that fees may be updated by Chase according to the bank’s internal policies, so we recommend checking the current information directly on the institution’s official website before applying.
Card limit
The credit limit of the Chase Sapphire Preferred varies according to each customer’s profile, taking into account factors such as income and credit history, which are assessed after the application.
For some, the limit may be high, providing greater purchasing power, while others may start with a more modest limit that can be adjusted over time based on responsible use and timely payments.
Positive points
- Generous Sign-Up Bonus:One of the best in the market.
- Versatility of Points:Use points for a variety of redemptions, including travel and cashback.
- Comprehensive Travel Coverage:Offers insurance and protections that are especially useful for frequent travelers.
Negative points
- Annual Fee:May be considered high by some users.
- Interest Rates:Variable and can be high, depending on the credit profile.
- Credit Requirements:A good credit history is necessary for approval.
How to apply for Chase Sapphire Preferred credit card
To apply for your Chase Sapphire Preferred credit card and start earning points on every purchase, follow these steps:
- Visit the official Chase website;
- Navigate to the credit card section and select the Chase Sapphire Preferred;
- Click the application button, and you can log in to complete the process faster;
- Enter the requested information in the blank fields;
- Review the terms and conditions before submitting the application;
- Wait for the bank’s response, which can be immediate or take a few days;
- If approved, the card will be sent to your address.
How to contact Chase Bank
For more information or support, you can contact Chase through the following channels:
- Phone: 1 800 935 9935
- Branch: Visit the nearest Chase branch and be served in person.
With so many benefits and the security of one of the largest banks in the world, the Chase Sapphire Preferred credit card is an excellent choice for those looking to maximize rewards and enjoy a safe and reliable experience.
Don’t miss the opportunity to turn your purchases into real advantages – apply for your Chase Sapphire Preferred today!
