Chase Sapphire Preferred Review [2020] – UponArriving

Opinions, opinions, analyses & suggestions are the author’s by myself, and feature no longer been reviewed, encouraged or accepted with the aid of any of these entities. UponArriving has partnered with CardRatings for our insurance of credit score card merchandise. UponArriving and CardRatings may also receive a fee from card issuers. 

The Chase Sapphire Sapphire Sapphire Preferred is one of the flagship credit cards presented by way of Chase. The card has plenty going for it along with a first rate Sapphire welcome bonus, decent bonus categories, and numerous extraordinary travel protections. In this text, I’ll spoil down all of the benefits and display you simply how valuable this card can be.

Chase Sapphire Preferred intro

Card highlights

2X on Dining2X on Travel5X on LyftDashPassStrong travel protectionsNo overseas transaction fees$ninety five annual fee

The Chase Sapphire Preferred is arguably the maximum popular travel rewards credit score card. It appeals to a large variety of purchasers due to its low annual rate, wonderful travel protections, and capability to rack up treasured journey points that may be transferred out to a few brilliant companions. It’s easily one of the pinnacle travel playing cards for a newbie and that’s why I positioned it at my primary spot. 

Welcome bonus

For the longest time the welcome bonus for the Sapphire Preferred turned into caught at 50,000 Ultimate Rewards after spending $four,000 within the first 3 months.

That wasn’t a horrific bonus in any respect but Chase sooner or later upgraded the welcome bonus to 60,000 Ultimate Rewards after spending $4,000 inside the first three months which was a whole lot extra appealing or even better than the Chase Sapphire Reserve’s bonus.

60,000 Ultimate Rewards can get you very a long way.

Just how a long way? I’ll give you a few examples.

Tip: Use WalletFlo for all your credit card wishes. It’s unfastened and could assist you optimize your rewards and financial savings!

Cashback

If you just redeemed your 60,000 factor bonus for directly cashback, the baseline value is $600 that is really very good.

Some banks with valuable transferable factors don’t allow you to cash in at one cent per factor so that is clearly very competitive.

But you could do a lot higher.

Chase Travel Portal 25% bonus

If you redeemed your Ultimate Rewards in the Chase Travel Portal, you’ll be able to e-book such things as airfare, lodges, car leases, and cruises at a charge of one.25 cents according to factor which could placed the fee of your 60,000 points at $750.

But it’s now not even all about the economic cost.

Using the Chase Travel Portal approach that you don’t have to cope with award stock or address black-out dates.

So there’s a huge comfort thing here.

For folks that like simplicity of their travel rewards, the journey portal is the way to move.

Just keep in mind that in case you had the Chase Sapphire Reserve, you could redeem your factors at a charge of 1.5 cents per factor towards travel.

Chase journey companions

Things get even sweeter while you start to switch your factors out to travel partners. 

Here are all of the contemporary Chase switch companions:

Aer LingusBritish Airways Executive ClubEmiratesJetBlueFlying Blue (Air France/KLM)Iberia AirwaysSingapore Airlines KrisFlyerSouthwest Airlines Rapid RewardsUnited MileagePlusVirgin Atlantic Flying ClubHyattMarriottIHG

Sapphire You can transfer your points to all of these companions at a 1:1 ratio.

For someone seeking to do a variety of flying across the US, Chase Ultimate Rewards may be extremely precious. You can frequently discover Southwest Wanna Get Away flights on the reasonably-priced so moving your factors to Southwest is mostly a desirable circulate.

This is specially the case if you have the Southwest Companion Pass which allows a associate to fly for free with you for up to 2 calendar years.

United Airlines also can be a superb choice for flying around the US but don’t forget that you could use United miles on some exceptional partners like EVA and Lufthansa.

I lately used United miles to fly first elegance on Lufthansa and it changed into a pretty amazing flight there are numerous other first rate commercial enterprise elegance and first magnificence redemption opportunities with Ultimate Rewards.

60,000 Ultimate Rewards transferred to United wont be quite enough for an extended-haul top class flight with partners like EVA and Lufthansa but it’ll set you up nicely to get there with possibly some extra spending or some other Chase card.

For instance, you could fly one-way business magnificence among Taipei and the United States for 88,000 United miles plus ~$forty in prices.

Saver award in business class on accomplice EVA.

According to Google Flights this would be a $five,961 flight. So if you use your 60,000 Ultimate Rewards towards this redemption, the overall value you’ll be getting from your 60,000 points would be approximately: $4,037!

That just goes to expose the potential for outsized price with a number of those switch partners.

The cash fee for this flight is sort of $6,000!

If you want to check out some greater examples of a few extraordinary premium cabins that you can ebook with Chase points, make certain to check those out right here:

First Class on the brand new Singapore Airlines A380Upper Class at the Virgin Atlantic 787 First Class on the British Airways 747

Chase additionally has the excellent lineup of lodge partners, specifically with Hyatt. If you switch your welcome bonus over to Hyatt, 60,000 Hyatt points may want to get younights at a class 7 assets that could quantity to cost near $2,000!

So as you can see, moving your points is the manner to move for oversized fee. 

You can fly Lufthansa First Class with United factors.Eligibility 

The Chase Sapphire Preferred is problem to the Chase credit card application policies such as the Chase five/24 rule and the feared Sapphire forty eight-month rule, not to mention the two/30 rule.

Instead of trying to keep up with calculating all of those rules your self, I especially recommend which you sign on for the unfastened app WalletFlo as a way to automate your eligibility for all of those credit score card regulations.

You also can installation notifications so that you are reminded whilst you are in the end eligible in conjunction with maintaining tabs in your annual fees, improve records, and so forth.

Related: Chase Credit Card Application Status Guide

Bonus classes2X on Dining2X on Travel5X on Lyft2X on Travel

One of the tremendous matters about the Sapphire Preferred is that it earns 2X on a vast tour class.

Chase states that journey consists of “airlines, resorts, resorts, timeshares, vehicle condo companies, cruise lines, journey corporations, discount travel web sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking masses and garages.”

I’ve genuinely had pretty some tours and even tours like scuba diving remember as tour within the beyond.

2X on Dining

Dining is likewise quite large and consists of primary corporations with “sit down-down or eat-in eating, which include rapid meals eating places and exceptional dining establishments.”

Earning 2X on dining in travel is decent.

Using a WalletFlo valuation of 1.73 cents per point, that comes out to three.46% back. That’s not bad but many people accept as true with that the Chase Sapphire Preferred is overdue for some modifications inside the bonus category department.

(Personally, I suppose it would be quality to see the addition of grocery shop bonus spend.)

The thing approximately Chase is which you have a few superb options for earning extra points. For instance, the Chase Freedom gives five% back on rotating categories and there is additionally the Chase Freedom Unlimited with its 1.five% again on all purchases.

5X on Lyft

Earning 5X on Lyft is a quite big deal if you use that rideshare provider.

Using the valuation above, 5X comes out to 8.sixty five% lower back.

That’s excellent but once more a few people may additionally choose to use a unique service like Uber or they may no longer even use rideshares in any respect. Note that this advantage is currently simplest strolling thru 03/31/2022.

You can earn points on journey all over the world.DashPass Subscription

As a cardmember you’ll get a complimentary one-yr DashPass membership, which is DoorDash’s subscription provider that gives unlimited eating place deliveries with a $zero transport charge and reduced service prices on orders over $12.

Normally, this club could fee you $9.99 in line with month, so that’s a high potential for savings over the span of 365 days.

Travel and buy protections

One of the reasons why the Chase Sapphire Preferred is this sort of high-quality tour rewards credit card is that it has awesome journey protections, particularly for a card with low annual charge.

Here’s a breakdown of the tour and purchase protections you’ll get with this card.

Primary apartment automobile insurance 

When you e book a condominium vehicle at the Chase Sapphire Preferred, you should refuse collision harm waiver coverage due to the fact you have built-in rental car coverage with your card.

The exceptional part approximately this protection is that the insurance is primary in contrast to such a lot of other automobiles which only offer secondary condominium car coverage.

Trip Cancellation/Trip Interruption

You may be reimbursed as much as $10,000 in step with individual and $20,000 in line with trip on your pre-paid, non-refundable travel expenses. These fees consist of things like airline tickets, resort stays, and excursions, that is why I recall this card to be one of the best to apply for lodge bookings.

This protection is one in every of the most important reasons to get this card and why it makes experience to position most of your experience itineraries on this card. Unless your journey costs appreciably more than $10,000, you regularly can avoid shopping ride coverage with those perks.

Baggage Delay

The bags put off protection will reimburse you as much as $one hundred a day for up to five days for necessities including toiletries and clothing when your baggage has been delayed over six hours.

The six hour threshold and $100 an afternoon restriction for insurance could be very aggressive making this once again a extraordinary card to apply for airline journey.

Purchase Protection

The buy safety advantage will cowl you for brand new purchases for a hundred and twenty days and you may be blanketed towards damage or theft up to $500 per claim and $50,000 consistent with account.

This benefit is surely now not one of the maximum competitive because different rewards playing cards provide buy safety as much as $10,000 according to declare. So with regards to your “big balla” purchases, you could need to put the ones on a different card.

Extended Warranty Protection

If you put a purchase in this card, a U.S. producer’s guarantee can be prolonged via a further year, on eligible warranties of three years or less.

This is a pretty respectable prolonged assurance safety but due to the fact the acquisition safety restriction is so low, I for my part hardly ever rely upon this.

Trip Delay Reimbursement

If your commonplace provider tour is delayed longer than 12 hours or if it calls for an overnight live, you and your family can be reimbursed for unreimbursed expenses including meals and lodging up to $500 in step with price tag.

This is a superb perk because many commonplace vendors which include airways don’t should offer reimbursement when your flight is notably not on time for reasons like bad weather.

And once they do provide compensation or accommodations it could be at a specific lodge but when you have this advantage you can go out and live at a hotel of your choice at the same time as getting reimbursed to your dining prices.

The best drawback is that it requires a delay of 12 hours as opposed to six hours which is what is obtainable with the aid of other playing cards just like the Sapphire Reserve.

Travel Accident Insurance

Hopefully you’ll by no means ought to use this but if you pay on your air, bus, educate or cruise transportation together with your card, you may receive insurance of as much as $500,000 for unintended loss of life or dismemberment.

Travel and Emergency Assistance   

If you get your self into a situation whilst traveling and need help finding prison or scientific referrals or some other kind of emergency help, you may contact the Benefit Administrator.

Just to be conscious that you will be responsible for any offerings which you accept.

Events and experiences

You can get distinct access to a few pretty cool activities in specific industries like song, sports activities, and entertainment. These encompass a few high profile occasions just like the Sundance Film Festival.

Direct get entry to to customer service

One of the maximum convenient perks supplied by means of this card is direct get right of entry to to a customer service agent. All you need to do is call the range at the back of your card and you will be immediately connected to a customer support representative.

(You might also need to affirm the previous few digits of your card first.)

This substantially cuts down on your waiting time and is a huge perk.

Foreign transaction costs 

The Chase Sapphire Preferred has no overseas transaction costs.

Annual fee

The annual rate for the Chase Sapphire Preferred is $95.

Chase Sapphire Preferred FAQ

How a great deal is the bonus well worth for the Chase Sapphire Preferred?

If you acquire a 60,000 factor bonus, you could be getting anywhere from $600 to over $four,000 worth of price. It all relies upon on the way you choose to redeem your factors.

Is the annual fee waived for the Chase Sapphire Preferred?

The annual charge for the Chase Sapphire Preferred is not currently waived for maximum gives.

What travel protection does the Chase Sapphire Preferred have?

Primary condo automobile insuranceTrip CancellationTrip InterruptionBaggage DelayTrip Delay ReimbursementTravel Accident InsuranceTravel and Emergency Assistance Services

What credit score rating do you need for the Chase Sapphire Preferred?

It’s advocated to have a great credit score of around 720 or higher to get accepted. However, masses of human beings had been permitted for the card with credit ratings which can be decrease than that. I might typically attempt to get my score as close to seven-hundred as viable earlier than applying though. Read more approximately approval odds.

What credit bureau may be pulled if I observe for the Chase Sapphire Preferred?

Chase may pull from a couple of bureaus while you observe. In my case, Chase will generally pull from Experian and Equifax however it may vary primarily based to your region. Read greater about credit pulls right here.

Can you upgrade the Chase Sapphire Preferred?

Yes, after you have got had the card for three hundred and sixty five days, you could look into upgrading to the Chase Sapphire Reserve which comes with a higher annual price however many greater benefits.

Can you get the Chase Sapphire Preferred and the Chase Sapphire Reserve?

You aren’t allowed to get both of these playing cards primarily based on the software regulations located within the phrases and situations. You will need to wait 24 months from receiving an advantage from one of the playing cards and/or cancel one among them if you presently keep one as a way to get accredited for a further Sapphire card. To automate your eligibility for these regulations, I advise using WalletFlo. 

Does the Chase Sapphire Preferred include roadside assistance?

You get “roadside dispatch” which enables you get the roadside assistance which you need. However, this provider isn’t complimentary and you’ll be billed for something offerings you accept.

Can you downgrade the Chase Sapphire Preferred?

Yes, after you’ve got had the card for twelve months you could inquire approximately downgrade possibilities.

Many human beings pick out to downgrade the Sapphire Preferred to the Chase Freedom or the Chase Freedom Unlimited, both of which haven’t any annual price however nonetheless offer great rewards. You also can downgrade to the no annual fee version of the Chase Sapphire.

Can you get a credit restrict boom for the Chase Sapphire Preferred?

Yes, it is feasible to get a credit limit boom. There are several pointers I even have and I endorse which you examine up on the ones as a way to improve your odds of getting an extended credit score limit.

Does the Chase Sapphire Preferred include Global Entry?

No, the Chase Sapphire Preferred does not include Global Entry. However, you could get this gain with the Chase Sapphire Reserve. Find out greater about Global Entry here.

Does the Chase Sapphire Preferred come with airport lounge get admission to?

No, the Chase Sapphire Preferred does now not come with airport living room get admission to. Once again, you may get airport front room get right of entry to with the Chase Sapphire Reserve thru Priority Pass Select.

Is the Chase Sapphire Preferred metal?

Yes, the Chase Sapphire Preferred is in part metal. It’s now not as heavy as a few other metallic cards just like the Amex Platinum Card but it is more durable than a popular plastic credit score card.

How do you dispose of the Chase Sapphire Preferred?

Because the cardboard is in part steel, you can have trouble getting rid of it (unlike a standard credit score card that you could simply break up). Chase allows you to ship for your card with a prepaid envelope for correct disposal if you would love.

Do Chase Sapphire Preferred points expire?

No, so long as your card is active your factors will now not expire.

Do I want to set up a travel notification if I tour?

Chase may not require you to set up a travel notification on your Sapphire Preferred however this can rely on your tour and spending habits with Chase. If doubtful, you should try to set one up and you could discover how to do this right here.

Final word

The Chase Sapphire Preferred has an outstanding welcome bonus and decent bonus incomes capability however it also comes with a few tremendous journey protections that make it a first rate preference for a pass-to tour rewards credit score card.

UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may additionally get hold of a fee from card issuers. Responses are not provided or commissioned by using the financial institution advertiser. Responses have not been reviewed, permitted or otherwise advocated by using the bank advertiser. It is not the bank advertiser’s duty to ensure all posts and/or questions are responded.

Daniel Gillaspia is the Sapphire Founder of UponArriving.com and writer of the credit score card app, WalletFlo. He is a former legal professional became full-time credit score card rewards/tour expert and has earned and redeemed hundreds of thousands of miles to journey the globe. Since 2014, his content material has been featured in principal publications together with National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his complete bio here. 

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