Chase Sapphire Preferred Review
This post contains affiliate links, which means EVERLASTYING will earn a commission if you purchase through our link at no extra cost to you. Read my disclosure for more information. I appreciate your support 🤍
If you love to travel and earn points along the way, read on!
I’ve used the Chase Sapphire Preferred since 2016 and highly recommend it.
In this post, I’ll cover its benefits, rewards, and limitations.
breakdown of Chase Sapphire Preferred
-
Earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months from account opening. These points can be redeemed for $750 in travel through Chase Ultimate Rewards®.
10% ANNIVERSARY BONUS POINTS
Each account anniversary year earns bonus points equal to 10% of your total purchases made with the card during the previous year.
12 MONTHS OF DASHPASS MEMBERSHIP
If you enjoy using DoorDash, you can get 12 months of free DashPass, which includes $0 delivery fees on eligible orders from DoorDash and Caviar.
NO FOREIGN TRANSACTION FEE
Take this card with you when traveling outside the United States without worrying about credit card charges. This is super beneficial if you’re a semi-frequent traveler!
TRAVEL INSURANCE
Rated the Best Travel Insurance Benefits in 2024 by Forbes Advisor, this card provides essential travel protections, such as trip cancellation/interruption insurance, baggage delay insurance, and emergency evacuation coverage. These benefits help mitigate unexpected costs while traveling.
ACCESS TO SPECIAL EXPERIENCES
Gain exclusive access to select events and experiences, including special travel perks and VIP tickets for concerts, sporting events, and culinary events.
MY CHASE PLAN®
Split purchases of $100+ into fixed monthly payments with just a small monthly fee and without interest.
-
5X POINTS ON TRAVEL THROUGH CHASE ULTIMATE REWARDS®
Earn 5X points on travel purchased through the Chase Ultimate Rewards® portal (excluding hotel stays eligible for the $50 hotel credit).
5X POINTS ON LYFT RIDES
If you often ride Lyft, make sure to add your card in and earn 5X points on Lyft rides.
3X POINTS ON DINING
Earn 3X points on dining, including takeout, delivery services (like DoorDash), and dining out.
3X POINTS ON ONLINE GROCERY PURCHASES
Get 3X points on qualified online grocery purchases (excluding stores like Target, Walmart, and wholesale clubs).
3X POINTS ON SELECT STREAMING SERVICES
Earn 3X points on eligible streaming services, such as Netflix, Spotify, and other popular platforms.
2X POINTS ON OTHER TRAVEL PURCHASES
Get double points on travel purchases like flights, hotels, and rental cars when not booked through Chase Ultimate Rewards®.
1X POINT ON ALL OTHER PURCHASES
Earn 1 point per dollar spent on everything else.
-
TRAVEL REWARDS
Use points to book flights, hotels, car rentals, and more directly through the Chase Ultimate Rewards® portal. Travel redemptions offer 25% more value, meaning your points go further!
DINING EXPERIENCES
Find and book restaurants or dining experiences using your points for a fun night out. (This is how I usually find cool restaurants for special dinners or experiences!)
Cash Back
Redeem points for cash back or statement credits.
-
The $95 annual fee might seem steep, but the numerous travel benefits, rewards, and top-quality customer service make it worthwhile for frequent travelers or those starting out with travel rewards.
-
To qualify for the Chase Sapphire Preferred card, you’ll need a credit score of 690+ and a stable annual income.
Your credit card payment history is also considered during the application process.
-
The card does NOT have airport lounge access (available only with the Sapphire Reserve).
Additionally, it has a variable APR of 21.49%–28.49%, so having a leftover balance can be costly.
-
Enjoy 24/7 customer support worldwide.
Chase’s team is known for quick and efficient fraud resolution, letting you have a peace of mind wherever you are.
-
Trip cancellation and delay reimbursement
Travel accident insurance
Lost and delayed baggage insurance
Auto rental collision damage waiver
Roadside dispatch
Travel emergency assistance
On top of that, the card includes fraud monitoring, zero liability protection, and 24/7 account security.
・・・・・
・・・・・
FAQ
Q: Is it worth getting the Chase Sapphire Preferred card?
A: It depends on your spending habits and travel frequency. If you frequently travel internationally (let’s say a couple times a year) and want to avoid foreign transaction fees, this card is an excellent beginner option. However, if you rarely travel, other credit cards may be better suited for your lifestyle within the United States.
Q: What are the disadvantages of the Chase Sapphire Preferred card?
A:
ANNUAL FEE
The $95 annual fee may feel steep for users who don’t take advantage of the card’s benefits.HIGH APR
The variable APR (20.74%–27.74%) can be costly if you carry a balance. Paying off your balance monthly is crucial to avoid high-interest charges.
Q: Does the Chase Sapphire Preferred card include lounge access?
A: No, the Preferred card doesn’t include lounge access. For lounge access, consider upgrading to the Chase Sapphire Reserve card, which it also offers Priority Pass membership.
・・・・・
final thoughts
The Chase Sapphire Preferred card is a fantastic choice for those starting their travel rewards journey. With an affordable $95 annual fee and an array of benefits like great travel protections, excellent customer service, and a generous sign-up bonus, it’s a card that truly delivers value for semi-frequent travelers.
Ready to take your travel game to the next level?
Click the button below to apply for the Chase Sapphire Preferred card today and earn incredible rewards. Plus, if you use my referral link, we’ll both earn bonus points to put toward our next adventures!
・・・・・
check out my recent travel vlog
・・・・・
DISCOVER MORE
Last Updated: 01.02.2025
🍕 Craving a slice of Brooklyn?
Check out my ultimate guide to discover the borough’s coolest neighborhoods, mouthwatering local eats, and must-see spots.