Are you ready to take your travel experiences to the next level? Look no further than the Chase Sapphire Preferred card. This little gem is not just any ordinary credit card, it’s one of the best travel rewards cards out there. While it does come with an annual fee, don’t let that discourage you. The Chase Sapphire Preferred card’s rewards and benefits will more than make up for it. Let’s dive into the exciting world of Chase Sapphire Preferred benefits and see if this card is the perfect fit for you.
Earning Chase Ultimate Rewards Points
The main attraction of the Chase Sapphire Preferred card is its incredible travel rewards points. By using this card for your everyday purchases, you’ll earn points that will make your jaw drop. Here’s what you can expect:
- 3x points per dollar on dining, restaurant delivery, online grocery purchases (excluding Target, Walmart, or wholesale clubs), and select streaming services.
- 5x points on travel purchases through Chase Ultimate Rewards.
- 2x points on all other travel purchases.
- 1x point on everything else.
But wait, there’s more! Chase Ultimate Rewards points are worth 1.25 cents each when redeemed for travel through Chase. And if you transfer your points to one of Chase’s airline or hotel partners, you might get even more value. Imagine flying with United Airlines, JetBlue, or staying at a luxurious Marriott or Hyatt property using your points. The possibilities are endless!
And here’s the cherry on top: if you sign up for the Chase Sapphire Preferred card now, you can earn a whopping bonus miles_full. That’s equivalent to a $750 value when redeemed through Chase. Talk about a grand entrance!
Chase Sapphire Preferred Annual Benefits
Now let’s talk about the annual benefits that come with the Chase Sapphire Preferred card. On your account anniversary, you’ll receive a statement credit worth up to $50 for hotels booked through Chase Ultimate Rewards. Picture this: you book a $150 hotel room, and Chase credits you back $50. Suddenly, your hotel room only costs $100. What a steal!
But that’s not all. The Chase Sapphire Preferred card also rewards your loyalty. You’ll earn bonus points worth 10% of your prior year purchases. For every $10,000 you spend on the card annually, you’ll get 1,000 bonus points. So if you spend $50,000 a year, you’ll earn 5,000 bonus points on your account anniversary. It’s like a gift that keeps on giving!
Chase Sapphire Preferred Travel Benefits
When it comes to travel benefits, the Chase Sapphire Preferred card is a true game-changer. Booking travel through Chase Ultimate Rewards with your points is a breeze. Plus, you have the option to transfer your points to travel partners, giving you even more flexibility. Whether you’re exploring new destinations or returning to your favorite spots, this card has you covered.
And if you often find yourself jetting off to international destinations or shopping from international merchants, you’re in luck. The Chase Sapphire Preferred card has no foreign transaction fees, which means you can save big on those purchases. Additionally, the card offers travel insurance benefits, giving you peace of mind during your adventures.
Chase Sapphire Preferred Partner Benefits
As a Chase Sapphire Preferred cardholder, you’ll have access to exclusive partner benefits. Let’s take a sneak peek:
- DoorDash Dashpass subscription: Enjoy $0 delivery fees and lower service fees on eligible orders with DoorDash. As a Chase Sapphire Preferred member, you’ll get a complimentary one-year membership worth $96. Activate before December 31, 2024, and savor the savings.
- Instacart: Sign up by July 31, 2024, and receive six months of free Instacart+. On top of that, get $15 in statement credits per quarter for Instacart purchases until July 2024. Don’t miss out on this fantastic deal.
- 5x points partners: Earn 5x points per dollar on purchases at Lyft and purchases over $150 from Peloton. It’s a win-win situation!
- Ennismore Hotels: Stay at Ennismore Hotel properties such as SLS, Mondrian, Delano, House of Originals, and Hyde hotels. As a Chase Sapphire Preferred cardholder, you’ll enjoy a fourth night free after three paid nights. Plus, you’ll receive room upgrades, late checkouts, daily complimentary breakfast, and a $30 food and beverage credit. Talk about a luxurious stay!
Flexible Redemption Options
While travel redemption offers the maximum value for your points, there are other exciting ways to redeem them. Take a look at these options:
- Statement credit: Redeem your Ultimate Rewards points as a statement credit to lower your current credit card balance. Each point is worth one cent.
- Pay Yourself Back: Similar to statement credits, you can use your rewards points to wipe the value of a past purchase from your account. Again, each point is worth one cent.
- Redeem for gift cards: Treat yourself or your loved ones with gift cards from popular merchants. Each point is worth one cent, but keep an eye out for promotions where you can redeem for gift cards at a discount.
- Buy merchandise: Turn your points into merchandise through partners like Apple or Amazon. While the value might be lower compared to other redemptions, it’s still a great option.
But that’s not all! Chase offers exclusive experiences and dining options for you to enjoy using your points. From tickets to concerts and sporting events to unique dining experiences, you’ll have access to a world of entertainment and gastronomic delights.
Travel Benefits and Protections
When it comes to protecting your travel plans and purchases, the Chase Sapphire Preferred card has your back. Say goodbye to worries with these impressive travel benefits and protections:
- Auto Rental Collision Damage Waiver: Save on expensive daily insurance by charging your car rental to your Chase Sapphire Preferred card. Your credit card provides auto insurance for theft and collision damage. Some restrictions apply, of course.
- Trip cancellation and interruption insurance: If your trip doesn’t go as planned, this coverage has got you covered.
- Baggage delay insurance: No more stressing about delayed baggage. This benefit will help cover the costs of necessary items during the delay.
- Trip delay reimbursement: If you’re stuck at an airport overnight due to a canceled flight or delay, this coverage will reimburse you for hotel costs.
- Travel emergency assistance: Rest easy knowing that help is just a call away. This benefit provides assistance during travel emergencies.
Additional Chase Sapphire Preferred Perks
The Chase Sapphire Preferred card comes with a few extra perks that will make your life easier. Check them out:
- Instant card use: Enjoy the convenience of using your card instantly, even before it arrives in the mail. Activate your card on Chase’s online tools, and you can add it to your digital wallet like Apple Pay, Google Pay, or Samsung Pay.
- 24/7 customer service: No matter where you are in the world, you can reach out to a customer service representative for assistance.
- My Chase Plan: For purchases of $100 or more, you can choose a monthly payment plan without any interest. The My Chase Plan terms range from three to 24 months.
TIME Stamp: Unleash the Value for Frequent Travelers
If you’re a frequent traveler who wants to maximize your rewards, the Chase Sapphire Preferred card is an absolute game-changer. With its astonishing points, insurance coverage, and unbeatable benefits, you’ll be saving hundreds of dollars in no time. Not to mention the signup bonus and annual points bonus that will keep the value flowing. And all of this for an annual fee of less than $100! It’s a no-brainer for savvy travelers who want extraordinary value.
If the Chase Sapphire Preferred card doesn’t tickle your fancy, don’t worry. Check out our list of the best credit cards for alternatives that might suit your needs.
Frequently Asked Questions (FAQs)
Which rental car company honors Chase Sapphire Preferred benefits?
The Chase Sapphire Preferred benefits work with most rental car companies, with a few exceptions. Be sure to check the specific details for each company to ensure your benefits apply.
Does Citibank offer similar benefits to Chase Sapphire Preferred?
Unfortunately, Citibank removed most travel and purchase protection benefits from its cards a few years ago. It’s best to consult the benefits details of each specific Citi credit card to see what they offer.
Does the Chase Sapphire Preferred card cover Global Entry application fees?
Regrettably, the Chase Sapphire Preferred card does not include a credit for Global Entry or TSA PreCheck. If you’re looking for that benefit, consider the premium version of the Chase Sapphire Preferred card.
Now that you know the incredible benefits of the Chase Sapphire Preferred card, it’s time to embark on your next adventure. Unlock the full potential of your travel experiences and start earning those unbeatable rewards. Visit Personal Finances Blog for more personal finance tips and tricks to help you make the most of your money.