Chase Sapphire Preferred Credit Card – Is That Worth it?

Do you want bonus points for spending on food, travel, and everyday shopping? Then, the Chase Sapphire Preferred credit card is the right stuff for you. 

The Chase Sapphire Preferred credit card is a unique credit card by Chase Bank. 

Chase provides service to about 80 million Americans. So, you can trust their services. 

But why should you apply for the Chase Sapphire Preferred credit card?

Other than exclusive perks, Chase offers brilliant bonuses. 

We will evaluate the benefits and determine if it’s worth it. This article will also discuss the costs of maintaining the Chase credit card Sapphire preferred. 

Overview Of the Benefits and Features

 I will discuss some of the Chase Sapphire Preferred credit card features here. 

• You get 75000 welcome bonuses (for new joiners) after spending $4000 within three months of opening your account
• You get 5X benefits when you spend during travel using the Chase Sapphire Preferred credit card
• You can earn 3X points if you use the Chase Sapphire Preferred credit card in restaurants
• You can earn $50 as statement credits against hotel booking on each of your card anniversaries 
• Generally, you are eligible to get 2X points during travel
• You can also earn 3X when you subscribe or recharge streaming devices using Chase Sapphire’s preferred credit card
• Lastly, you will get 1 point for every $1 you spend on any purchase 

There are many more. Visit the Chase Preferred Sapphire Card’s official website to learn about the dynamic range of benefits. 

Card Reviews

Let’s see what card members have to say mostly. 

Summary Of Cardmember Reviews

The Chase Sapphire Preferred credit card has a rating of four and a half stars. Most customers are enticed by the offers and rewards that the card offers. To quote some:

Alex says:

“This card offers the best of any aspect of life! Travel, Rewards, Cashback! Everything is just so well explained, and the customer service is just perfect. Will be your best companion for travel, business, or pretty much anything you do!”

Sam says:

“The benefits, rewards and service for this card put it in a class by itself. Very happy overall with Chase and their Mobile App.”

There are many such happy customers. After scanning what customers had to say, here’s a summary of the pros and cons of the credit card Chase Sapphire preferred.

Discuss the overall reception of the card

The card has had high reception rates since its launch in 2009. However, most customers are happy that they can use it anywhere. 

Also, you can earn rewards on everything from Uber rides to food delivery to parking fee payments. 

Moreover, I feel more people are attracted due to the additional perks. Some benefits, like receiving 10% of the overall card spending as points after one year, are simply incomparable. 

Limited-Time Offer

There is a limited time bonus offer from chase sapphire preferred visa credit card. And you can’t ignore it. 

What Is the Offer?

If you were thinking of getting a travel credit card before this summer, the chase sapphire preferred credit card is for you. 

Chase Sapphire’s preferred credit card’s limited-time welcome will make you go crazy. 

You can get a limited-time bonus of 75000 on joining the Chase members’ family. But there is just one small catch. 

You must spend at least $4000 in the initial three months after signing up. 

According to Jason Steele: “This is a strong bonus on an excellent card,“

Most experts calculated that the rewards are worth almost $900. However, you must use those points to pay using Chase only to get this value. 

Previously, you would only get 60,000 points after signing up for the Chase Sapphire preferred credit card. But the conditions were the same. 

So, the people who will apply for a chase sapphire preferred credit card now, will benefit.  

At a Glance

Wait, do you think that’s all? Certainly not. 

The statutory benefits of chase sapphire preferred credit card are also higher and better than most cards. 

Detail The Premium Dining and Travel Rewards

If you use the Chase Sapphire Preferred credit card during travel, you can earn upto 5X points. 

But remember, you cannot earn points through hotel payments. 

You already get a flat $50 benefit as an annual hotel credit. 

You can also get 3X reward points by using your Chase Sapphire Preferred credit card for dining. 

At the same time, you may earn 3X points by ordering food from select partners. The same is also applicable in the case of takeaways. 

Breakdown Of Points Earned on Different Categories of Spending

 Here, I have categorized the statutory benefits of spending credit from the Chase Sapphire Preferred credit card. 

APR

This is a variable quotient that all card users are worried about. So, it’s important to know how much APR Chase Sapphire Preferred credit card charges. 

Provide Information on The Variable APR Range

The range of APR of chase sapphire preferred credit card is 21.49% to 28.49%. 

This APR is applicable to all purchases as well as balance transfers. 

Chase adds 21.74% with the existing prime rate for calculating cash advance APR. 

Discuss The Importance of Understanding The APR

If your APR higher than your friend? Worry not. 

Well, maybe a little,

Your APR is high as your FICO score is low. Check your latest FICO score here: https://www.fico.com/en/products/fico-score

If you have a minimum score of 690, you will get a Chase Sapphire Preferred credit card for sure. However, experts say that you may get a card if you have a score of 630 at least.

However, the lower the score, the higher the APR. So, earn credit points and improve your FICO score. 

Annual Fee

There are few cards without any annual fees at all. For example, the TJ Maxx card has no fees. To learn about it in details, read the article on 10 Things to Know About the T.J. Maxx Credit Card. 

Mention The Annual Fee for The Card

But the annual fee for chase sapphire preferred credit card is $95. Why, so?

Experts say a card that offers more will certainly charge for it. When you pay $95, you will feel the urge to use the benefits of the card. 

Explain Any Additional Fees Associated with The Card

 Other than the APR, you must pay 5% of the transferred amount or $5 (whichever the greater) during every transaction. However, chase sapphire preferred credit card does not charge any foreign transaction fees additionally. 

Chase Sapphire Preferred Review

Expert reviewers like NerdWallet say that the Chase Sapphire preferred credit card is better than rivals like Discover It Miles or Amex Gold travel card. 

Highlight The Card’s Benefits for Travelers

The amount of cashback that travelers earn from the Chase Sapphire Preferred credit card is unparalleled. What’s more exciting is that their rewards can be multiplied. When you use the rewards to pay using the Chase Sapphire Preferred credit card again, you get 25% additional perks. 

Reference External Reviews Like Nerdwallet’s Review

 Despite its benefits, reviewers of Nerdwallet think that the reward structure could be simpler. According to them: 

“The Chase Sapphire Preferred® Card and its more upscale sibling, the Chase Sapphire Reserve®, have had their rewards, perks and bonuses tweaked over the years as the issuer has worked to keep them at the top of travelers’ wallets.”

Conclusion

I feel that the Chase Sapphire Preferred credit card offers the highest individual benefits to travelers. It is most suitable for all travel-related purposes. Its statutory perks are certainly the best in the market. At the same time, the limited-time offer also distinguishes it from the other cards.  But these are not the handful benefits of the card. There are suitable benefits for every type of user. Contact Chase Sapphire Preferred credit card agent by calling 1-800-432-3117.

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