Chase Sapphire Preferred Review [2020] – UponArriving

Opinions, opinions, analyses & recommendations are the writer’s on my own, and Sapphire have no longer Sapphire been reviewed, endorsed or accepted by means of any of these entities. UponArriving has partnered with CardRatings for our coverage of credit Sapphire score card merchandise. UponArriving and CardRatings can also get hold of a commission from card issuers. 

The Chase Sapphire Preferred is one of the flagship credit cards offered by Chase. The card has lots going for it inclusive of a exquisite welcome bonus, first rate bonus categories, and lots of tremendous tour protections. In this article, I’ll ruin down all of the blessings and display Sapphire you just how precious this card may be.

Chase Sapphire Preferred intro

Card highlights

2X on Dining2X on Travel5X on LyftDashPassStrong travel protectionsNo foreign transaction prices$95 annual price

The Chase Sapphire Preferred is arguably the maximum popular tour rewards credit score card. It appeals to a broad range of clients because of its low annual price, terrific journey protections, and capacity to rack up treasured travel points that can be transferred out to some excellent partners. It’s easily one of the pinnacle tour cards for a novice and that’s why I put 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 inside the first 3 months.

That wasn’t a awful bonus at all however Chase ultimately upgraded the welcome bonus to 60,000 Ultimate Rewards after spending $four,000 inside the first three months which changed into a whole lot more appealing and even higher than the Chase Sapphire Reserve’s bonus.

60,000 Ultimate Rewards can get you very some distance.

Just how some distance? I’ll provide you with a few examples.

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

Cashback

If you simply redeemed your 60,000 factor bonus for straight cashback, the baseline fee is $600 that’s clearly excellent.

Some banks with precious transferable points don’t permit you to cash in at one cent consistent with factor so this is definitely very aggressive.

But you can do a great deal better.

Chase Travel Portal 25% bonus

If you redeemed your Ultimate Rewards inside the Chase Travel Portal, you’ll be able to ebook such things as airfare, accommodations, automobile rentals, and cruises at a rate of 1.25 cents in keeping with point which might put the fee of your 60,000 factors at $750.

But it’s not even all about the monetary value.

Using the Chase Travel Portal way which you don’t ought to cope with award inventory or cope with black-out dates.

So there’s a large convenience component right here.

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

Just keep in mind that if you had the Chase Sapphire Reserve, you may redeem your factors at a price of one.5 cents according to point closer to journey.

Chase journey partners

Things get even sweeter while you start to transfer your points out to journey partners. 

Here are all of the current Chase switch companions:

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

You can transfer your points to all of those partners at a 1:1 ratio.

For someone seeking to do plenty of flying around the US, Chase Ultimate Rewards may be extremely valuable. You can often discover Southwest Wanna Get Away flights at the cheap so moving your points to Southwest is usually a right circulate.

This is especially the case when you have the Southwest Companion Pass which permits a associate to fly totally free with you for up to two calendar years.

United Airlines also can be a fantastic option for flying across the US however don’t neglect that you may use United miles on some incredible companions like EVA and Lufthansa.

I lately used United miles to fly first class on Lufthansa and it was a quite amazing flight there are numerous other awesome enterprise elegance and primary elegance redemption possibilities with Ultimate Rewards.

60,000 Ultimate Rewards transferred to United wont be quite sufficient for a protracted-haul premium flight with partners like EVA and Lufthansa however it’s going to set you up nicely to get there with perhaps a few extra spending or some other Chase card.

For instance, you could fly one-manner commercial enterprise magnificence between Taipei and the US for 88,000 United miles plus ~$40 in prices.

Saver award in commercial enterprise elegance on partner 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 entire cost you would be getting from your 60,000 factors would be approximately: $four,037!

That just is going to show the capability for oversized price with a number of those transfer partners.

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

If you need to test out a few more examples of some amazing premium cabins that you can e-book with Chase factors, make sure 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 also has the first-rate lineup of motel partners, mainly with Hyatt. If you switch your welcome bonus over to Hyatt, 60,000 Hyatt points may want to get you two nights at a category 7 property which could amount to fee near $2,000!

So as you may see, transferring your factors is the manner to go for outsized value. 

You can fly Lufthansa First Class with United factors.Eligibility 

The Chase Sapphire Preferred is subject to the Chase credit card application guidelines consisting of the Chase five/24 rule and the feared Sapphire forty eight-month rule, no longer to say the 2/30 rule.

Instead of trying to maintain up with calculating all of these guidelines yourself, I quite suggest which you join up for the free app WalletFlo with a view to automate your eligibility for all of those credit card rules.

You also can installation notifications so that you are reminded when you are sooner or later eligible in conjunction with retaining tabs in your annual costs, improve history, and so on.

Related: Chase Credit Card Application Status Guide

Bonus classes2X on Dining2X on Travel5X on Lyft2X on Travel

One of the notable matters about the Sapphire Preferred is that it earns 2X on a wide journey category.

Chase states that journey consists of “airways, motels, resorts, timeshares, car apartment groups, cruise strains, travel agencies, cut price tour sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking masses and garages.”

I’ve virtually had pretty a few tours or even excursions like scuba diving matter as journey inside the past.

2X on Dining

Dining is likewise pretty wide and includes primary groups with “sit-down or devour-in eating, consisting of rapid meals restaurants and nice dining institutions.”

Earning 2X on eating in tour is decent.

Using a WalletFlo valuation of one.73 cents per factor, that comes out to 3.46% back. That’s now not terrible however many humans believe that the Chase Sapphire Preferred is late for a few adjustments within the bonus class branch.

(Personally, I assume it might be quality to see the addition of grocery keep bonus spend.)

The component approximately Chase is which you have some great alternatives for earning more factors. For instance, the Chase Freedom offers five% again on rotating categories and there may be also the Chase Freedom Unlimited with its 1.five% back 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 eight.65% again.

That’s excellent however once more a few people may favor to use a one-of-a-kind carrier like Uber or they may now not even use rideshares in any respect. Note that this gain is currently only jogging via 03/31/2022.

You can earn factors on journey all around the international.DashPass Subscription

As a cardmember you’ll get a complimentary one-year DashPass membership, that is DoorDash’s subscription provider that offers unlimited eating place deliveries with a $0 shipping fee and reduced provider expenses on orders over $12.

Normally, this club would price you $9.99 in line with month, so that’s a high ability for financial savings over the span of 12 months.

Travel and purchase protections

One of the motives why the Chase Sapphire Preferred is this kind of super journey rewards credit score card is that it has great tour protections, mainly for a card with low annual fee.

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

Primary rental car insurance 

When you book a apartment automobile at the Chase Sapphire Preferred, you have to refuse collision harm waiver coverage due to the fact you have integrated apartment vehicle insurance together with your card.

The first-class element about this safety is that the coverage is number one not like such a lot of different automobiles which best offer secondary rental automobile coverage.

Trip Cancellation/Trip Interruption

You can be reimbursed as much as $10,000 consistent with person and $20,000 in keeping with experience on your pre-paid, non-refundable journey expenses. These expenses encompass such things as airline tickets, lodge stays, and excursions, that is why I remember this card to be one of the pleasant to use for resort bookings.

This safety is one in every of the most important motives to get this card and why it makes experience to position most of your trip itineraries in this card. Unless your journey costs extensively more than $10,000, you regularly can keep away from purchasing trip insurance with those perks.

Baggage Delay

The bags put off protection will reimburse you up to $one hundred an afternoon for up to five days for essentials inclusive of toiletries and apparel when your luggage has been not on time over six hours.

The six hour threshold and $one hundred a day restriction for insurance is very aggressive making this over again a exquisite card to apply for airline journey.

Purchase Protection

The buy protection advantage will cover you for brand spanking new purchases for 120 days and you’ll be included in opposition to harm or robbery as much as $500 in step with declare and $50,000 according to account.

This gain is sincerely no longer one of the most competitive due to the fact different rewards cards provide purchase protection up to $10,000 consistent with claim. So in terms of your “large balla” purchases, you could want to place those on a extraordinary card.

Extended Warranty Protection

If you placed a buy in this card, a U.S. producer’s assurance could be prolonged by an additional 12 months, on eligible warranties of 3 years or much less.

This is a quite decent prolonged warranty safety however because the acquisition safety restriction is so low, I in my opinion not often depend upon this.

Trip Delay Reimbursement

If your not unusual provider travel is behind schedule longer than 12 hours or if it calls for an in a single day live, you and your own family can be reimbursed for unreimbursed charges including food and accommodations up to $500 in line with price tag.

This is a fantastic perk due to the fact many common vendors which include airways don’t should provide repayment while your flight is drastically behind schedule for motives like awful weather.

And when they do provide reimbursement or lodging it can be at a selected lodge however when you have this advantage you could go out and stay at a resort of your choice while getting reimbursed to your eating charges.

The simplest drawback is that it calls for a delay of 12 hours versus six hours that is what is offered via other playing cards just like the Sapphire Reserve.

Travel Accident Insurance

Hopefully you’ll never ought to use this but if you pay for your air, bus, educate or cruise transportation along with your card, you could receive coverage of as much as $500,000 for accidental death or dismemberment.

Travel and Emergency Assistance   

If you get your self into a state of affairs whilst travelling and want assistance locating legal or medical referrals or some other type of emergency help, you could contact the Benefit Administrator.

Just to be conscious that you will be responsible for any services that you take delivery of.

Events and reviews

You can get one of a kind access to a few quite cool activities in different industries like track, sports activities, and enjoyment. These encompass some excessive profile activities like the Sundance Film Festival.

Direct get admission to to customer service

One of the most convenient perks presented by means of this card is direct get entry to to a customer support agent. All you need to do is call the quantity on the returned of your card and you will be immediately connected to a customer service consultant.

(You may also need to confirm the previous couple of digits of your card first.)

This significantly cuts down in your ready time and is a massive perk.

Foreign transaction expenses 

The Chase Sapphire Preferred has no overseas transaction prices.

Annual charge

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

Chase Sapphire Preferred FAQ

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

If you receive a 60,000 factor bonus, you could be getting everywhere from $600 to over $4,000 worth of value. It all depends on the way you pick out to redeem your factors.

Is the yearly fee waived for the Chase Sapphire Preferred?

The annual charge for the Chase Sapphire Preferred isn’t always presently waived for maximum offers.

What journey protection does the Chase Sapphire Preferred have?

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

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

It’s encouraged to have a terrific credit score score of round 720 or better to get authorised. However, plenty of humans were authorized for the card with credit scores which might be lower than that. I would generally try to get my score as close to seven hundred as feasible before making use of although. Read greater approximately approval odds.

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

Chase would possibly pull from a couple of bureaus while you observe. In my case, Chase will typically pull from Experian and Equifax however it could vary primarily based for your vicinity. Read extra about credit pulls here.

Can you upgrade the Chase Sapphire Preferred?

Yes, after you have had the card for twelve months, you can inspect upgrading to the Chase Sapphire Reserve which comes with a better annual fee but many greater benefits.

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

You are not allowed to get both of those playing cards based totally at the application rules found inside the phrases and conditions. You will need to wait 24 months from receiving a bonus from one of the cards and/or cancel one among them in case you presently maintain one as a way to get approved for an extra Sapphire card. To automate your eligibility for those rules, I propose the usage of 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 service isn’t complimentary and you’ll be billed for anything offerings you take delivery of.

Can you downgrade the Chase Sapphire Preferred?

Yes, after you have got had the card for three hundred and sixty five days you can Sapphire inquire approximately downgrade possibilities.

Many people select to downgrade the Sapphire Preferred to the Chase Freedom or the Chase Freedom Unlimited, each of which haven’t any annual rate however nevertheless provide notable rewards. You also can downgrade to the no annual rate model of the Chase Sapphire.

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

Yes, it’s far feasible to get a credit restriction growth. There are several tips I even have and I suggest that you read up on the ones so that it will improve your odds of having an multiplied credit score restriction.

Does the Chase Sapphire Preferred come with Global Entry?

No, the Chase Sapphire Preferred does no longer include Global Entry. However, you could get this benefit with the Chase Sapphire Reserve. Find out greater approximately Global Entry right here.

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

No, the Chase Sapphire Preferred does no longer come with airport lounge get admission to. Once once more, you may get airport front room get admission 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 no longer as heavy as a few other steel playing cards like the Amex Platinum Card but it is extra long lasting than a standard plastic credit score card.

How do you take away the Chase Sapphire Preferred?

Because the card is in part steel, you could have trouble casting off it (not like an ordinary credit score card that you may simply break up). Chase lets in you to ship on your card with a prepaid envelope for proper disposal if you would like.

Do Chase Sapphire Preferred factors expire?

No, so long as your card is active your factors will no longer expire.

Do I need to set up a tour notification if I journey?

Chase might not require you to installation a travel notification in your Sapphire Preferred however this may rely upon your journey and spending habits with Chase. If unsure, you need to try and set one up and you could discover how to try this right here.

Final word

The Chase Sapphire Preferred has an tremendous welcome bonus and respectable bonus earning capacity but it also comes with some high-quality tour protections that make it a extremely good desire for a pass-to tour rewards credit card.

UponArriving has partnered with CardRatings for our insurance of credit score card products. UponArriving and CardRatings may additionally acquire a commission from card issuers. Responses aren’t supplied or commissioned by using the financial institution advertiser. Responses have now not been reviewed, authorised or in any other case endorsed with the aid of the bank advertiser. It isn’t the financial institution advertiser’s duty to ensure all posts and/or questions are spoke back.

Daniel Gillaspia is the Founder of UponArriving.com and author of the credit score card app, WalletFlo. He is a former lawyer grew to become Sapphire complete-time credit card rewards/tour professional and has earned and redeemed millions of miles to tour the globe. Since 2014, his content material has been featured in predominant guides which includes National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio right here. 

Leave a Reply

Your email address will not be published.