Inbuilt travel safeguards, access to numerous travel partners, and higher-than-average redemption rates are all included.
Ultra-premium travel rewards credit cards come with every conceivable benefit to help offset the exorbitant annual fees. However, there are instances when all you need is a trustworthy card with great features without the exorbitant cost.
Like your well-worn bag, the Chase Sapphire Preferred® Card is a dependable travel partner. It provides important loyalty points, global acceptance, and travel safeguards that can come in handy when that suitcase doesn’t make it to baggage claim in return for an annual cost of $95.
Travel Benefits of Chase Sapphire Preferred:-
- A hefty welcome bonus
The Chase Sapphire Preferred® Card issuer states the following about the sign-up incentive: “After spending $4,000 on purchases within the first three months of opening your account, earn 60,000 bonus points.” When you use Chase Ultimate Rewards® to redeem it, you can get $750 toward travel.
- Bonuses on meals, travel, some streaming services, and online grocery shopping
You can earn three points for every dollar you spend with the Chase Sapphire Preferred® Card on dining out, some streaming services, and online grocery shopping (but not at Target, Walmart, or wholesale clubs). When booking travel through Chase Ultimate Rewards, you’ll receive 5 points for every dollar spent, and for all other bookings, you’ll receive 2 points. Every dollar spent on anything else receives one point.
The category of travel is quite inclusive and comprises:
- Purchases on airlines
- Stays at hotels.
- Time-sharing.
- Automobile rentals.
- Vacations.
- Travel websites and agencies.
- Campsites.
- Railroads.
- A bus.
- A taxi.
- limousines.
- Ferreries.
- Pays.
- Parking.
You can also accrue 5 points for every dollar you spend on Lyft rides through March 2025.
- An annual 10% point bonus
Cardholders will receive bonus points equal to 10% of the total purchases made during the year on each anniversary of their account. Therefore, you would receive an extra 2,500 bonus points if you spent $25,000.
- A 25% discount when using Chase to redeem travel credits
The increased point redemption value offered by the Chase Sapphire Preferred® Card when points are redeemed for travel via the Chase Ultimate Rewards® system is the benefit that has made it so popular with travelers. You will receive 1.25 cents each point instead of the standard penny-per-point amount, which can add up. That is an additional $25 for each $100 in points that you redeem.
- A hotel credit of $50
When using Chase Ultimate Rewards to make bookings, cardholders can earn a $50 annual hotel credit. This credit is available for usage right away by new cardholders. Credit may be used by current cardholders following their subsequent account anniversary.
- Add up the points from several cards.
Any card that earns Chase Ultimate Rewards® points, such as the Chase Freedom®, Chase Freedom FlexTM, Chase Freedom Unlimited®, and Chase Sapphire Reserve®, can have its points transferred for free. A family pool of points can be created by transferring points to and from another cardholder in your home.
- Assign points to affiliated hotels and airlines
The Chase Sapphire Preferred® Card allows you to transfer Chase Ultimate Rewards® points to 14 airline and hotel partners at a 1:1 point value if you want to book travel directly with the airline or hotel but need a few thousand more points in your account to get that free flight or stay. Among the transfer partners are:
Airlines: British Airways, Emirates, Iberia, JetBlue, Singapore Airlines, Southwest, United, Virgin Atlantic, Aer Lingus, Air France/KLM, Air Canada, and Emirates.
Hotels: Marriott Bonvoy, Hyatt, and IHG.
- International recognition
The Chase Sapphire Preferred® Card travels well because it is a Visa credit card without a foreign transaction fee.
Protections for shopping and travel
- Insurance against postponed or canceled travel
Reimbursement for prepaid, nonrefundable travel expenses up to $10,000 per person and $20,000 per trip is granted in the event that illness, inclement weather, or other covered circumstances cause your trip to be canceled. You are reimbursed up to $500 per ticket for costs such as meals and lodging if your trip is delayed by more than 12 hours or necessitates an overnight stay.
- Insurance for baggage delays
You may receive reimbursement of up to $100 each day for five days in order to pay for fresh clothes and toiletries if your luggage is delayed for longer than six hours.
- Coverage for rental cars
Get primary insurance protection against theft and collision both domestically and internationally by charging the full cost of the rental car to your Chase Sapphire Preferred® Card. To obtain this coverage, you must reject the insurance provided by the rental business.
- Assistance with travel
Get support when you need it, including medical and legal referrals, in case of an emergency while traveling. Although the referrals are free, you are still responsible for the price of any services you utilize.
- Invest in safety measures
When your doorbell camera fails to deter package thieves from your front porch, you can file a claim for up to $500 per claim and $50,000 per account for up to 120 days in the event of damage or theft. Additionally, for qualifying warranties with three years or fewer, you will receive an additional year added to the manufacturer’s guarantee.
- Fast and efficient customer service
You may stop repeatedly yelling at your phone to be a representative and put an end to the awful hold music. You can speak with a real person when you call the toll-free number located on the back of your card.
https://www.nerdwallet.com/reviews/credit-cards/chase-sapphire-preferred
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