The Chase Sapphire Preferred Card is a great option to consider when opening a new credit card. It comes with an affordable annual fee, a great welcome bonus, and easy redemption choices. Additionally, this card is great for people who are new to the travel rewards world. Read below for more information on some interesting facts about the Chase Sapphire Preferred card you should know.
Check out other bonuses for their Checking & Savings Accounts.
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.
• 5X points on travel purchased through Chase Ultimate Rewards
• 3X points on dining
• 3X points on select streaming services and online grocery purchases
• 2X points on all other travel purchases
• 1X point per $1 spent on all other purchases
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!
You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
This card carries a $95 annual fee.
Table of Contents
- 1 1. Earn Double Points on Travel & Dining
- 2 2. Welcome Bonus Worth About $1,000 (Value at $1,600)
- 3 3. Add Authorized Users Free of Charge
- 4 4. Makes Your Other Chase Cards More Rewarding
- 5 5. It Comes with Travel Protections
- 6 6. Concierge Services
- 7 7. Access to Sapphire Lifestyle Experiences
- 8 8. Earn Up to 75,000 Points a Year With Referrals
- 9 9. Fancy Metal Card
- 10 Conclusion
1. Earn Double Points on Travel & Dining
Using the Chase Sapphire Preferred card is a great way to earn more points towards traveling and dining. You’ll be able to use it on things such as: Uber, parking meters, public transit, coffee shops, and food trucks. Furthermore, use this card to earn double the Ultimate Rewards points and get more bang for your buck.
2. Welcome Bonus Worth About $1,000 (Value at $1,600)
At the moment, being a new Chase Sapphire Preferred card member will enable you to earn about 80,000 bonus points when you spend a minimum of $4,000 in the first 3 months. After redeeming your points with their Ultimate Rewards portal, you’ll receive at least $1,000 in value (worth $0.0125).
However, if you want to use your points to its full potential, consider transferring them towards one of Chase’s airline or hotel partners. This will include: Southwest, United, Hyatt, British Airways, etc. Once you have them transferred, we value the points to be worth at least $0.02 per point. In other words, it will make the bonus worth around $1,600 instead.
3. Add Authorized Users Free of Charge
Adding an authorized user to your account won’t cost you a thing. It’s a great way for you to meet the welcome bonus qualifications when you team up with someone else. Plus, it’s perfect if you want to help your child’s credit history grow and improve.
4. Makes Your Other Chase Cards More Rewarding
Normally, “cashback” Chase credit cards will enable you to earn rewards that come as non-transferrable Ultimate Rewards points. These points will be worth about $0.01 per point. Now, when you combine these cards with the Chase Sapphire Preferred card, you’ll be able to move your non-transferrable points towards your CSP account to double it’s value.
5. It Comes with Travel Protections
When you use the Chase Sapphire Preferred card, it will come with one of the best travel insurance perks a mid-tier card can offer. Furthermore, you’ll be able to go on vacation knowing that you have primary car rental insurance, trip cancellation, or interruption coverage, baggage delay, and trip delay reimbursement.
6. Concierge Services
The Chase Sapphire Preferred card will come with many other features like concierge services. Just contact them for assistance with: restaurant reservations, arranging train tickets, booking excursions, inspiration, etc.
7. Access to Sapphire Lifestyle Experiences
With Chase, they want this to be more than just a card for you. They strive to have the Chase Sapphire Preferred card an amazing lifestyle. It will come with Sapphire lounge concept, members-only access to receptions at live music and sporting events, etc.
8. Earn Up to 75,000 Points a Year With Referrals
Using the Chase Sapphire Preferred card also comes with a referral program you should look into. It offers a 15,000 bonus Ultimate Rewards points for every person that applies with your referral. Then, they have to be approved for an account. Additionally, there’s no limitation on the amount of people you can refer. However, keep in mind that your referral bonuses will max out at 75,000 points a year.
The reward amount doesn’t normally change that often, so check with the Chase Credit Card Refer-a-Friend program for more information.
9. Fancy Metal Card
Typically, we don’t recommend applying for a credit card based off of how it looks. However, with the Chase Sapphire Preferred metal blue design, it’s very appealing. Other metal cards in the market normally come with overpriced annual fees. But, with mid-tier cards like this one, it’s usually made out of plastic rather than metal.
Overall, you should consider opening a Chase Sapphire Preferred card if these fun facts looks like something you’d benefit from. It will also come with many other great features that will enable you to live the Sapphire Lifestyle and earn more for your points.