what are the benefits of chase sapphire preferred

Although they offer some identical benefits, there are a few differences:

Card	Chase Sapphire Preferred	Chase Sapphire Reserve
Rental car insurance	Primary; covers up to actual cash value ...	Primary; covers up to $75,000 for theft ...
Roadside assistance	$59.95 per service call.	Up to $50 per incident, up to four times ...
Trip cancellation insurance	Up to $10,000 per covered trip.	Up to $10,000 per covered trip.
Trip delay insurance	Up to $500 per ticket for delays of 12 o ...	Up to $500 per ticket for delays of six ...

Jun 16 2022

Full Answer

What are the perks of Chase Sapphire preferred?

The perk that makes the Chase Sapphire Preferred® Card such a favorite among travelers is the higher point redemption value when you cash in points for travel through the Chase Ultimate Rewards® portal. Instead of the usual penny-per-point rate, you’ll get a value of 1.25 cents each for your points, which can really add up.

Is the Chase Sapphire preferred worth the annual fee?

The Chase Sapphire Preferred continues to represent a solid value proposition for a wide swath of the public. So long as you’re using the card frequently enough to get more than $95 in value from the rewards earned and benefits utilized, this card is definitely worth the annual cost.

Is Chase Sapphire preferred worth it?

Simply put, the benefits on the Chase Sapphire Preferred are worth the $95 annual fee. Compared to many cards in similar rewards categories, this annual fee can quickly pay itself off if you can make use of the benefits. The Chase Sapphire Preferred earns precious and flexible Chase Ultimate Rewards® points.

Which cards pair well with Chase Sapphire preferred?

Pairing the Chase Sapphire Preferred with the Chase Freedom Unlimited is a good option for most people who want to get into pairing reward cards. You’ll be able to take advantage of the Freedom Unlimited’s high cash back potential.

Is it worth getting Chase Sapphire Preferred?

The Chase Sapphire Preferred® Card is a popular choice for consumers who want to open a travel card without paying hundreds of dollars a year. With a $95 annual fee, it ranks as one of the best credit cards with annual fees under $100.

Do you get free checked bags with Chase Sapphire Preferred?

The Sapphire Preferred Card is not affiliated with a particular airline, so it does not offer features such as free checked bags or airport lounge access. But it has some great consolation prizes: one of the largest initial bonuses on the market and the market's best travel insurance.

Does Chase Sapphire Preferred get you into airport lounges?

The only way you can get airport lounge access with Chase Sapphire Preferred is by paying the $99 membership fee. This card does not provide complimentary access to airport lounges/clubs. Only Chase Sapphire Reserve® gives free airport lounge access – for the cardholder, authorized user, and up to two guests.

Is Chase Sapphire Preferred worth it 2020?

The Chase Sapphire Preferred® Card is one of the best rewards credit cards on the market and is easily worth the cost for people with a good or excellent credit score who like to travel. With Sapphire Preferred, the average person would earn roughly $2,130 in net rewards value over the course of two years of use.

Do you get TSA PreCheck with Chase Sapphire Preferred?

The card also offers up to a $100 reimbursement every four years for the application fee for NEXUS, Global Entry or TSA PreCheck, which can let you sail through customs or security lines on your next trip. The Chase Sapphire Preferred® Card lacks these travel perks.

Do Chase Sapphire points expire?

Chase Ultimate Rewards® points don't expire as long as your card is open. If you cancel your account, you'll lose unredeemed points.

Can I upgrade my Chase Sapphire preferred to reserve?

Can you upgrade from Chase Sapphire Preferred to Reserve? Yes, you can upgrade from Chase Sapphire Preferred to Chase Sapphire Reserve by phone (dial the number on the back of your existing Chase credit card) or online (through a secure message in your online account).

Does Chase Sapphire cover baggage fees?

If you fly on a variety of different carriers, the Chase Sapphire Reserve® and Citi Prestige® Card are your only options. Both cards include travel statement credits that can reimburse you for baggage fees for any airline. If you have elite status or fly in premium cabins, you have nothing to worry about.

Does Chase Sapphire cover TSA PreCheck renewal?

Global Entry or TSA PreCheck credit: The Chase Sapphire Reserve® provides up to $100 in statement credits every four years to cover the membership and renewal fees for Global Entry or TSA PreCheck.

How do I get my Chase Sapphire fee waived?

If you want to try for a fee waiver or reduction, you can call the number on the back of your card or the general Chase customer service line: 1-800-432-3117. According to people who've had luck with fee waivers on other credit cards, having a high income and spending a lot can help.

Is Chase Sapphire Preferred hard to get?

Yes, the Chase Sapphire Preferred® Card is hard to get because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the Chase Sapphire Preferred.

What is the best way to use Chase Sapphire Preferred?

The best ways to use the Chase Sapphire Preferred's huge 100,000-point welcome bonusUse airline transfer partners to make your points go further. ... Enjoy a fabulous — and free — luxury hotel stay. ... Book travel through the Chase Ultimate Rewards portal. ... Pay yourself back for certain purchases. ... Take advantage of cash back.

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Summary

The Chase Sapphire Preferred is one of the best rewards credit cards out there. With an excellent welcome offer, valuable Ultimate Rewards points and outstanding benefits, it’s a card almost everyone should consider.

The power of Chase Ultimate Rewards

Chase has a wide variety of credit cards with travel perks and other benefits. Some of Chase’s credit cards are co-branded with airline and hotel partners (United, Hyatt and Southwest, to name a few). These cards earn airline miles or hotel points depending on the partner. Other Chase credit cards earn Chase Ultimate Rewards points.

Why is the Chase Sapphire Preferred so good?

This flexibility is one of the reasons that the Chase Sapphire Preferred is such a great first travel card. You obtain access to Ultimate Rewards points and outstanding travel benefits for an annual fee of only $95.

Chase Sapphire Preferred travel benefits

In addition to the welcome offer and the ability to earn Ultimate Rewards points, the Chase Sapphire Preferred comes with a wide variety of useful travel benefits. This has made it a keeper for many people even as the pandemic largely curtailed travel.

Other benefits

Besides travel and purchase protections, the Chase Sapphire Preferred offers a few other noteworthy benefits:

Bottom line

The Chase Sapphire Preferred is an outstanding credit card and is worth it for just about anyone interested in travel rewards. The 60,000 Ultimate Rewards points from its welcome offer (after spending $4,000 in the first three months) are worth $750 when redeemed for travel through Chase Ultimate Rewards.

How much is the Chase Sapphire Preferred?

For any Peloton fans, the Chase Sapphire Preferred also now comes with up to $60 back on an eligible Peloton Digital or All-Access membership (through Dec. 31, 2021). A Peloton All-Access membership is for those who have Peloton hardware, such as a bike, and costs $39.99 per month.

How much does DashPass cost?

DashPass comes with $0 delivery fees and reduced service fees on eligible orders over $12. The subscription service typically costs $9.99 per month, which means you’ll get at least $119.88 in value. You do have to activate this benefit by Dec. 31, 2021.

Does Chase Sapphire have car rental insurance?

While several credit cards offer secondary car rental insurance and some even charge a fee, others offer primary car rental insurance — a better coverage for your next car rental. Fortunately, one of the perks of the Chase Sapphire Preferred is that it offers primary car rental coverage for no added fee onto your rental.

How long does a Chase Sapphire warranty last?

Even cooler, everything you purchase with your Chase Sapphire Preferred card will automatically have its warranty extended by 1 year from when the included warranty expires. You can claim up to $10,000 per warranty claim, and make up to $50,000 in claims per account.

Does Chase Sapphire charge foreign transaction fees?

Purchases made with a Chase Sapphire Preferred card are not subject to foreign transaction fees. Many credit cards charge a 1-3% fee on purchases made in a foreign currency, meaning that a $100 purchase could end up costing you $103 if you’re charged in Euros, British Pounds, or another currency.

Does Chase Sapphire have travel insurance?

Likewise, the Chase Sapphire Preferred card includes complimentary travel delay insurance. So long as you book airfare with your ChaseSapphire Preferred card, you’re eligible for expense reimbursement of up to $500 per ticket if your flight is delayed 12 hours or requires an overnight stay.

How much is Chase Sapphire Preferred?

Indeed, the Chase Sapphire Preferred® Card has many of the same credit card travel insurance benefits as the Chase Sapphire Reserve®. And, its $95 annual fee is a fraction of the premium travel card's $550 price tag.

How much is Chase Sapphire travel insurance?

Chase Sapphire Preferred® Card travel insurance provides up to $10,000 per person (max $20,000 per trip). Your trip could be canceled or cut short for any number of reasons, including a major illness or severe weather.

How long does it take to file a Chase Sapphire travel insurance claim?

A Chase Sapphire Preferred travel insurance claim must be made by the primary cardholder. In most cases, the written claim must be filed within 20 days after the incident, or "as soon as reasonably possible" if you are physically unable to file within the 20-day period.

Which credit card has the best travel insurance?

Chase stands out among the best travel credit cards, and not just because of its high rewards rates. Chase credit cards also offer some of the best travel insurance benefits around -- and the Chase Sapphire Preferred® Card is no exception.

What to do if something goes wrong with Chase?

If something goes wrong abroad, you can call the Chase benefit administrator to get medical or legal referrals and other emergency assistance. Note, the costs of those services aren't covered. You'll need to handle those on your own.

Does Chase travel insurance cover hotel?

But most of Chase's travel insurance benefits only apply to purchases you pay for with your card or through the Chase Ultimate Rewards program. So, if you pay for your flight with your card but not your hotel, only the flight can be reimbursed.

Can you waive collision damage on a Chase Sapphire?

Auto rental collision damage waiver. Rental car insurance can be expensive, but you can waive it when you pay with your Chase Sapphire Preferred® Card. This primary collision coverage will reimburse you for collision damage or theft. And you're covered up to the cash value of the vehicle.

What is the Chase Sapphire preferred?

Besides a 100,000-point offer, the Chase Sapphire Preferred has several fantastic benefits for cardholders, especially for a mid-tier credit card.

Does Chase have a DoorDash?

Chase has recently ramped up its partnerships with other brands, including on-demand food service DoorDash. Cardholders now get at least one year of complimentary DashPass membership with DoorDash, which gives you free delivery and reduced service fees on eligible purchases.

What is the Chase Sapphire Reserve?

The Chase Sapphire Reserve and the Chase Sapphire Preferred Card are two of the most talked-about travel credit cards, thanks to the valuable Ultimate Rewards program, top-notch benefits and valuable travel protections. And right now, both are offering elevated sign-up bonuses that make them even more valuable to cardholders in the first year.

How much is the Chase Sapphire Reserve redemption bonus?

50% redemption bonus. In addition to a higher earning rate, the Sapphire Reserve also comes with a higher redemption rate when you book travel through the Chase Ultimate Rewards portal. The Chase Sapphire Reserve allows you to redeem each point at 1.5 cents each toward travel, compared to 1.25 cents each with the Preferred.

How long does it take to get a bonus on a Chase Sapphire card?

You can only receive one bonus from a Chase Sapphire card within 48 months, which means you need to choose which card you apply for carefully. The additional $450 in value you’ll get with the Preferred’s sign-up bonus over the Reserve is a compelling reason to apply for it over the Reserve.

How much does Sapphire Reserve cost?

The Sapphire Reserve costs $550 per year while the Preferred costs only $95. Of course, it’s worth keeping in mind that the Sapphire Reserve offers a $300 annual travel credit, which effectively lowers the cost to just $250 per year — a $155 premium over the Sapphire Preferred.

How long do you have to wait to get Sapphire Reserve?

Before we get into the benefits of these two cards, note that you can’t hold both the Sapphire Preferred and the Sapphire Reserve at the same time, and you need to wait at least 48 months between earning the sign-up bonus on one card before you can earn it on the other — that’s why it’s so important to make an informed decision now. Also, make sure you don’t bump up against Chase’s infamous 5/24 rule to get your highest chances of approval.