Chase Sapphire Preferred review: a credit card with travel perks and a generous welcome bonus
The Chase Sapphire Preferred credit card offers some of the best travel benefits and rewards programs out there. This review will tell you everything about them!
This card gives you access to excellent benefits for a relatively low annual fee
The Chase Sapphire Preferred credit card is a high-end card, as you’ll see in this full review. It offers a special welcome bonus of 60,000 travel points once you have spent $4,000 within the first 3 months from account opening. Keep reading to learn everything about this card.
- Credit Score: Good – Excellent
- APR: 17.49% – 24.49%
- Annual Fee: $95
- Fees: 0% foreign transaction fee; 5% or at least $5 balance transfer fee; 5% or at least $10 cash advance fee, $40 late payment fee.
- Welcome bonus: 60,000 points ($750 in travel rewards). Terms apply.
- Rewards: 3X points on dining and 2X points on travel
You will get rewards from spending in restaurants, trips, and a number of everyday purchases, and there are no foreign transaction fees.
Not to mention, you get 25% more value when you redeem your points for airfare, hotels, car rentals, and more.
If you think this card will suit your need, keep reading this Chase Sapphire Preferred credit card review to see what else it got.
Chase Sapphire Preferred credit card: how does it work?
The points system for the Chase Sapphire Preferred credit card works for a number of spending categories. It is an excellent rewards program.
On the one hand, this gives you a wide variety of places you can use your card and be rewarded for it. On the other, this can make it complicated to manage.
Points are calculated per dollar spent. You get 5 points for every dollar spent on travel you purchase through the Chase Ultimate Rewards program. You also get 3 points for every dollar you spend on dining, eligible delivery services, and takeout.
Besides these more traditional spending categories, the card offers 3 points on select streaming services and online grocery purchases in select merchants.
It also offers 2 points on travel not purchased through Chase Ultimate Rewards and 1 point on all other purchases.
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Significant benefits and disadvantages of the Chase Sapphire Preferred
With so much information, it is easier to get a clear picture if we put the pros and cons up for comparison. So let’s highlight some of these factors in this Chase Sapphire Preferred review for you:
- 60,000-point welcome bonus
- Reward redemptions are flexible
- A number of bonus categories
- Transfer partners
- Requires good/excellent credit
- Complicated rewards
- $95 annual fee
- New cardholders have to spend at least $4,000 within 3 months to get the welcome bonus
Is a good credit score required for applicants?
The Chase Sapphire Preferred credit card is a high-end card with tons of benefits for its cardholders. Something like this does not come without its own demands.
You must have a “good” to “excellent” credit score in order to get approved for this card.
Learn how to apply and get a Chase Sapphire Preferred credit card
To apply for this credit card, you must go to their website. The application process is simple and straightforward and should not take more than just a few minutes.
The website will ask you to fill in some basic information such as your email address, first and last name, and a couple more things.
If you would like to know more about how to apply, we have prepared a complete walkthrough of the whole process to assist you. Just hit the link below, and we will get you there.
About the author / Danilo Pereira
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