Learn more about Chase Sapphire Preferred Credit Card and know how you can apply!
The Chase Sapphire Preferred Credit Card is the ideal choice for people who are looking for the best travel card, while also getting rewarded for doing so. If you’re looking for a credit card with travel and purchase coverage, many benefits and rewards, and no foreign transaction fees, this could be your perfect choice!
It is a must-have card for travelers with many advantages. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Chase’s Sapphire Preferred Credit Card?
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®;
- Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Travel;
- Earn 5x total points on travel purchased through Chase Travel, excluding hotel purchases that qualify for the $50 Annual Chase Travel Hotel Credit;
- Earn 2x on other travel purchases;
- Earn 3x points on dining, including eligible delivery services, takeout and dining out;
- Earn 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs);
- Earn 3x points on select streaming services;
- Earn 1 point per dollar spent on all other purchases;
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel;
- Each account anniversary you’ll earn bonus points equal to 10% of your total purchases made the previous year. That means if you spend $25,000 on purchases, you’ll get 2,500 bonus points;
- Ultimare Rewards Points Do NOT Expire;
- You can transfer your points to leading frequent travel programs at 1 to 1 value;
- No foreign transaction fees;
- Trip Cancellation/Interruption Insurance;
- Auto Rental Collision Damage Waiver;
- Lost Luggage Insurance;
- Baggage Delay Insurance;
- Trip Delay Reimbursement;
- Travel and Emergency Assistance Services;
- 24/7 access to a customer service specialist from virtually anywhere in the world;
- Earn 5x points on Lyft rides through March 31, 2025. That’s 3x points in addition to the 2x points you already earn on travel;
- Get complimentary access to DashPass – a membership for both DoorDash and Caviar – which unlocks $0 delivery fees and lower service fees on eligible orders for a minimum of one year when you activate by December 31, 2024;
- Earn 5x total points on Peloton equipment and accessory purchases over $150 with a max earn of 25,000 total points now through Mar. 31, 2025;
- 6 months of complimentary Instacart+. Activate by July 31, 2024. Plus, Instacart+ members earn up to $15 in statement credits each quarter through July 2024;
- Receive instant access to your card by adding it to a digital wallet, like Apple Pay®, Google Pay™ or Samsung Pay
- My Chase Plan lets you pay off eligible purchases of $100 or more over time in equal monthly payments. There’s no interest for purchases once it’s placed in a plan, just a fixed monthly fee;
- Purchase Protection;
- Extended Warranty Protection.
Pros vs Cons?
✔️ PROS | ❌ CONS |
Travel Coverage, Benefits and Discounts; Rewards Program; 1:1 Point Transfer; and Purchase Coverage |
Annual Fee of $95
|
Internacional Coverage (with no foreign transaction fees) |
Good/Excellent Credit Score Required
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How do I apply for the Chase Sapphire Preferred Credit Card?
To be eligible for this credit card, all you need is to be over 18 and have a Good/Excellent Credit Score. Here’s how it works:
Chase provides an online application process. So, access their credit card website and click on one of these two options: “Sign in to apply faster” or “apply as a guest”. During the application, you must provide any personal and financial information requested.
Then the bank will conduct a creditworthiness assessment to evaluate your credit history, income stability, and repayment capacity. This assessment helps determine the likelihood of credit card approval. Keep in mind that, the approved credit limit will also depend on it.