3 Perks You Only Get With the Chase Sapphire Preferred Card
KEY POINTS
- The Chase Sapphire Preferred® Card doesn't cost much, and it can save you $50 every year on hotel stays booked through Chase Travel.
- It earns bonus points across several categories, including everyday spending categories and travel.
- Each account anniversary, you'll earn bonus points equal to 10% of the purchases you made the previous year.
Right now is a smart time to apply for the Chase Sapphire Preferred® Card. It has a limited-time welcome offer (ending soon) of 60,000 bonus points after spending $4,000 in the first 3 months. That's a big increase from the previous amount.
This is a popular travel card, especially since it only has a $95 annual fee. It also has a few valuable perks you won't find anywhere else.
Chase Sapphire Preferred® Card
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On Chase's Secure Website.
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On Chase's Secure Website.
Good/Excellent (670-850)
Intro APR N/A
Purchases: N/A
Balance Transfers: N/A
Regular APR
21.49%-28.49% Variable
Rewards Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases
Annual Fee N/A
$95
Welcome Offer 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 Travel℠.
60,000 bonus points
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The enormous welcome bonus (worth $750), bonus travel and dining rewards, and $50 annual hotel credit alone make this card well worth the annual fee. This card’s points are valuable and easy to use, as you can redeem them at 25% more value for Chase Travel bookings, giving it less of a learning curve than other travel cards. It also has a strong list of travel protections you don't see often from such an affordable card, including primary rental car insurance, trip delay reimbursement, lost luggage reimbursement, and trip cancellation/interruption insurance.
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- Big sign-up bonus
- Travel rewards
- Dining rewards
- Flexible travel points
- Consumer and travel protections
- Annual fee
- Limited-time perks
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- 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 Travel℠.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
- Member FDIC
1. $50 annual hotel credit
Want to save on your next hotel visit? With this Chase card, you earn up to $50 in statement credits each account year for hotel stays purchased through Chase Travel.
If you stay in hotels at least once a year, you probably won't have any trouble using this credit. Chase Travel is easy to use and works like other online travel portals. Plug in where you're going and your travel dates, and then choose the hotel you want.
The statement credit is automatically applied within one to two billing cycles. If you book a $250 hotel stay through Chase Travel with your Chase Sapphire Preferred® Card, you'll get a $50 credit.
2. Bonus rewards on travel, online grocery orders, and streaming
Many of the best travel cards have bonus categories. There aren't many that match the Chase Sapphire Preferred® Card in terms of variety, though. It earns:
- 5X points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 annual hotel credit)
- 2x points on other travel purchases
- 3x points on dining, including takeout and eligible delivery services
- 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 3x points on select streaming services
- 1x points on other purchases
You can find all these bonus categories individually on other cards. The Chase Sapphire Preferred® Card is the only one I've seen that combines them all. The best part is how it earns bonus rewards on travel-centric categories and everyday purchases, such as online grocery orders and streaming services.
3. 10% annual points bonus on purchases made
This Chase card is great for earning rewards, and not just because of all its bonus categories. Each account anniversary, you'll also earn bonus points equal to 10% of your total purchases made the previous year.
Let's say you spend a total of $50,000 on purchases during that time. With this bonus, you'd earn another 5,000 points. You get $0.0125 per point if you use them to make bookings via Chase Travel, so you could get $62.50 in value from an extra 5,000 points.
If you want the Chase Sapphire Preferred, don't wait
The Chase Sapphire Preferred® Card is an excellent travel card. It earns a lot of points, and it gives you several ways to use those points. You can redeem them as cash for travel bookings with Chase Travel. Or, you can transfer points to any of Chase's airline and hotel partners. I've saved thousands on business-class airfare and Hyatt hotel bookings this way.
The limited-time welcome offer on this card won't last much longer. The end date hasn't been made public yet, but Chase has put an ominous "offer ending soon" on the card page. So if you think this is the right credit card for you, I'd recommend applying ASAP.
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