Travel credit cards are not created equal, with some clearly outshining others across multiple aspects from signing bonuses to flexibility in travel redemption. If you are shopping around for a credit card that you can easily use for everyday purchases, dining at restaurants as well as for travel purchases, Chase Sapphire Preferred® Card is a Chase credit card that you should pay attention to as it has a lot to offer.
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Chase Sapphire Preferred® Card
18.24% - 25.24% Variable
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Here, GET.com provides answers to key questions about how Chase Sapphire Preferred® Card works and what it offers.
Answer: Yes, you will receive a generous 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Keep in mind that this welcome bonus is available to you only if you are new to this card and you haven't received a new cardmember bonus for Chase Sapphire Preferred® Card in the past 24 months. The 60,000 bonus points is worth $750 toward travel when you redeem through Chase Ultimate Rewards®.
Answer: You earn 2X points on travel (including airfare, hotels, taxis and trains) and dining at restaurants worldwide when you use Chase Sapphire Preferred® Card. You will also earn 1 point per dollar spent on all other purchases.
Answer: Yes, if you redeem your points for hotels, airfare, car rentals, cruises and more through Chase Ultimate Rewards® your points are worth 25% more toward travel. For example, each point is worth $0.01 (one cent) when you redeem for cash but $0.0125 (one and a quarter cents) when you redeem for travel booked via Chase Ultimate Rewards®. Chase Sapphire Preferred® Card is definitely a card you should consider if you love traveling.
Besides, you can transfer and combine points among your Chase cards thanks to Chase Ultimate Rewards®. If your spouse (or domestic partner or even yourself) own a card like Chase Freedom®, you can transfer those points to your Chase Sapphire Preferred® Card and take advantage of the 25% additional value when you redeem them through Chase Ultimate Rewards®.
Answer: From travel and cash back to gift cards, experiences and more, you can redeem your points for just about anything you fancy. The good news is redeeming is easy and you can do it wherever you are - online or through the Chase mobile app.
Answer: Chase Sapphire Preferred® Card is made for people who enjoy traveling as it lets you transfer points to all of Chase's participating frequent travel programs at a generous 1:1 value. At the moment, participating frequent travel programs include: Aer Lingus AerClub, British Airways Executive Club, Flying Blue AIR FRANCE KLM, Iberia Plus, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MileagePlus®, Virgin Atlantic Flying Club, IHG® Rewards Club, Marriott Rewards®, The Ritz-Carlton Rewards® and World of Hyatt.
Chase Sapphire Preferred® Card also offers auto rental collision damage waiver and trip cancellation/trip interruption insurance for added protection. These handy and practical benefits are good to have, and will be available when you use your card to make purchases.
In addition to direct access to customer service specialists 24/7, Chase Sapphire Preferred® Card offers zero liability protection. This does not apply if your account was used without your knowledge by an authorized user.
Answer: Chase Sapphire Preferred® Card has a $95 annual fee.
Answer: Yes, Chase Sapphire Preferred® Card is a very rewarding travel-oriented credit card. It has no foreign transaction fees, so it is a card you would want to take with you when you travel outside of the United States. Similarly, if you frequently shop online at international stores in foreign currencies, Chase Sapphire Preferred® Card is the card you would want to reach for instead of others that typically charge a 3% foreign transaction fee (or more) each time you make a purchase in another currency that is not the U.S. dollar.
Answer: Based on your creditworthiness, Chase Sapphire Preferred® Card has a 18.24% - 25.24% variable APR. To avoid paying interest on your purchases made with this card, it is best that you pay off your entire balance by the due date each month. The maximum APR that the bank can charge you is 29.99%.
Answer: Yes, in addition to interest charges and damage to your credit score, a late payment fee of up to $15 applies if the balance is less than $100; up to $27 if the balance is $100 to less than $250; and up to $37 if the balance is $250 or more.
Answer: Yes. Based on your creditworthiness, Chase Sapphire Preferred® Card has a 18.24% - 25.24% variable APR that begins right from the balance transfer transaction date. The maximum APR that the bank can impose on you is 29.99%. Also, keep in mind that there is a transaction fee of either $5 or 5% of the amount of each transfer, whichever is greater.
Answer: Yes, the cash advance APR is a 27.24% variable cash advance APR. Chase will start charging interest on cash advances on the transaction date itself so this is not the right card to use to get cash out of ATMs.
Answer: No, your points do not expire so long as your account is open and in good standing. Nevertheless, all points will be lost immediately if your account is closed because of reasons such as program misuse, failure to pay, bankruptcy, fraudulent activities and so on.
Answer: Chase Sapphire Preferred® Card is one of the rare rewards credit cards that offers a 1:1 transfer of points to leading hotel and airline loyalty programs. This card is great for people who love traveling as it offers a host of travel-related perks and benefits. Chase Sapphire Preferred® Card also lets you earn 2X points on travel (and dining) and has no foreign transaction fees. It is a card that is worth looking into if you are shopping around for a rewards credit card that is travel-oriented.
In short, Chase Sapphire Preferred® Card is an excellent credit card for frequent travelers who would like to earn rewards toward travel by using their card to pay for regular day-to-day purchases as well as travel expenses. The huge bonus offer just makes the deal even sweeter.