The rate for travel redemption is much better, however, offering 25% more value when you redeem through Chase Ultimate Rewards. Sure, you can redeem points for cash or gift cards. When it comes to redeeming your points, the travel options offer the best returns. But with 5x or 2x points earned on travel expenses (depending on if Ultimate Rewards or Other) and 3x points at dining at restaurants, you can benefit from this card if you’re spending enough in those categories. With one point earned per dollar spent, the card won’t earn much at your supermarket or drugstore. The Chase Sapphire Preferred Card stands to mostly benefit frequent travelers looking to both earn through and save on travel expenses. manufacturer’s warranties of three years or less.Ģ4/7 customer service - Chase offers 24/7 access to customer service, no matter where you may be. ![]() Terms Apply.Įxtended warranty - You gain an extra year on eligible U.S. Purchase protection - Holding the Chase Sapphire Preferred Card offers coverage for 120 days on new purchases in case of damage or theft up to $500 per claim and $50,000 per account. ![]() Rental car protection - When you charge a rental car to your card and decline the rental company’s collision insurance, Chase will provide primary coverage and provide reimbursement of the cash value of the vehicle in the event of theft or collision damage for most rental cars in the U.S or abroad.īaggage delay insurance - If your baggage ends up delayed by over six hours, Chase will reimburse you for essential purchases like toiletries and clothes up to $100 per day for five days. Chase covers you in a lot of situations, whether you get sick or a hurricane threatens your vacation. Trip cancellation/interruption insurance - With the Chase Sapphire Preferred Card, you can be reimbursed up to $10,000 per person up to $20,000 per trip for pre-paid, non-refundable travel expenses like fares, tours and hotels. Luckily, you won’t have to worry about a foreign transaction fee. Both late payments and returned payments come with additional fees. If you pay late or have a returned payment, a Penalty Fee of up to 29.99% variable will apply. ![]() Balance transfers will also cost you, either $5 or 5% of the transaction amount, whichever is greater. Cash advances also come with a fee of $10 or 5% of the transaction amount, whichever is greater. The APR for cash advances is 25.74% Variable. The card’s APR for purchases and balance transfers is 16.74% - 23.74% Variable, depending on your creditworthiness and is variable with the Prime Rate. Additionally, as long as your account is open and in good standing, your points will never expire.įurther benefits with the Chase Sapphire Preferred Card include trip cancellation insurance, auto rental collision damage waiver, baggage delay insurance, trip delay reimbursement, as well as protection for your purchases including returns and warranties.Īll these benefits do come at a price, an annual fee of $95. Geared towards travel spenders, the Chase Sapphire Preferred Card offers a better return when you use your points toward travel spending. When not used toward travel expenses, you can redeem your points for a number of rewards like cash, gift cards or travel expenses. ![]() These partnerships are especially worth it since the card does not come with a foreign transaction fee. The partner programs include both airline and hotel programs like British Airways Executive Club, Flying Blue AIR FRANCE KLM, United MileagePlus, Marriott Bonvoy, World of Hyatt and more. You also have the opportunity to transfer your points to a partner frequent travel program. The travel benefits don’t end there, however. In fact, you get 25% more value when you redeem your points for travel purchases through Chase Ultimate Rewards. For some perspective, that can be redeemed for $750 toward travel through Chase Ultimate Rewards. Not sure where to start? Spend $4,000 on purchases in the first three months and earn 60,000 bonus points. With the Chase Sapphire Preferred Card, enjoy benefits, which include 5x points on travel purchased through Chase Ultimate Rewards, 2x points on other travel purchases, 3x points on dining purchases at restaurants, eligible delivery and take out worldwide, and earn 1x points per dollar on everything else. A Top-Tier Travel Rewards Card From Chase
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