You might know the Chase Sapphire Preferred Card, but do you really know all of its benefits? Yes, it performs usual credit card tasks such as offering a sign up bonus and having cash back opportunities, but this card has so much more to offer than that. If you are already a cardholder, read this article to see how you can make the most of your card. If you’re interested to see what other benefits this card has to offer, keep reading to find out more.
Editor’s Note: If you’d like to learn more about this card, see our review on the Chase Sapphire Preferred Card for more information! Also, if you’re looking for more promotions by Chase, you can check out our Best Chase Credit Card Promotions page to see what other deals are being offered.
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards.
You'll earn:
• 5x on travel purchased through Chase Ultimate Rewards
• 3x on dining, select streaming services and online groceries
• 2x on all other travel purchases
• 1x on all other purchases
• $50 annual Ultimate Rewards Hotel Credit, plus more.
Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit and when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
This card carries a $95 annual fee.
Trip Cancellation Insurance
Planning a trip can be a hassle, and something unexpected always occurs. Now, with the Chase Sapphire Preferred Card, you can be reimbursed for your pre-paid, nonrefundable travel expenses (like plane tickets, hotels and tours) up to $10,000 per trip. Now, if something unexpected like sickness or weather occurs, you can be covered up to $10,000 per trip. All you have to do is pay with your Sapphire Preferred Card to be eligible for this insurance! This is a great way to travel, because you’ll have the peace of mind that if something unexpected happens on it, you can take care of it – cost free.
Baggage Delay Insurance
One of the most annoying things that could happen on a trip is that your bags disappear. Imagine wanting to change out of your stale airport clothes, or wanting to grab some toiletries, and then finding out your checked baggage has been delayed. Well with the Chase Sapphire Preferred Card, you can be reimbursed $100 per day for up to 5 days for essential purchases like toiletries and clothing.
Additionally, you could be eligible to get up to $3,000 in lost luggage coverage, but to get this you’d have to produce almost all of your original receipts for what was in the the luggage, which would make it very difficult to get the full value.
Trip Delay Reimbursement
Have you ever been on the last flight of the day to your destination only to have it canceled? If it’s due to weather or any other cause that allows the carrier to deflect blame, you might get a preferred rate from the local airport motel or be out of luck altogether, but either way you’ll likely be forced to pay out of pocket.
If your common carrier travel is delayed more than 12 hours or requires an overnight stay, Chase Sapphire Preferred covers you and your family for up to $500 per ticket of non-reimbursed expenses such as meals and lodging.
Purchase Protection
To add to your peace of mind, the Chase Sapphire Preferred Card, also offers to cover any eligible personal property purchased using your Sapphire Preferred card in the event of theft, damage or involuntary and accidental parting with property. Essentially, if something happens to an item within 120 days of purchase, it will be repaired or replaced for a value of up to $500.
Granted, there is a list of items that are excluded from this perk such as animals, antiques, etc, but it’s definitely better than not having purchase protection at all.
Extended Warranty Protection
This perk goes beyond the realm of travel; with this benefit you can get an additional additional year of coverage on eligible purchases with a manufacturer’s warranty of three years of less. Unfortunately, there are certain products that are ineligible such as boats, automobiles, aircraft, medical equipment, etc.
For example, if you bought a laptop with a warranty of two years and it suddenly stops working after the warranty expires, you can call Chase and ask for credit. You’ll need to produce a copy of the original purchase receipt, and some other documents of proof. After you complete their requirements, you should receive credit for your initial purchase as well as any additional costs you incurred in the process of getting it. Chase promises reimbursement within 5 business days of receipt and validation of all required documents.
Conclusion
Now that you know the full extent of what the Chase Sapphire Preferred Card has to offer, you can better utilize this card and its benefits. Take care of all your travel needs with this card, and you’ll definitely be prepared for whatever difficulties your trip will throw at you. With these features this card becomes more than just a credit card – it becomes the perfect travel companion. Remember, with this card, you get benefits like trip cancellation insurance, baggage delay insurance, trip delay reimbursement, purchase protection, extended warranty protection, and more! Start applying today to reap in all the benefits this card has to offer. If you’re looking for more credit card options in all types of categories, check out our Credit Card Promotions master list for more information.