Chase Sapphire Preferred Card Review – Are the Perks that Good?

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If you’re someone who loves to travel, having a credit card that actually rewards you for purchases is a great way to keep some of your hard earned money right where you need it – your wallet. The Chase Sapphire Preferred Card has a wide range of benefits offered to cardholders including double points on purchases and travel, no hefty fees, global acceptance and discounts on travel accommodations. If you travel frequently, using the Chase Sapphire Preferred Card is a great option to build up points for your next relaxing getaway. Look at it this way – you are going to spend the money anyway, why not earn back points to apply for another vacation?

If you are in the market for a new credit card, one of the main things consumers look for is what are the benefits or perks associated with a particular card. Paying to be a card-holding member should have some benefits, right? The Chase Sapphire Preferred Card offers a zero introduction fee for the first year of membership, but then becomes $95 in the second year. When you sit down with credit card applications and determine which one best fits your needs, you should decide if the benefits you receive outweigh that membership fee. In this case, if you travel frequently or dine out, the points you earn back will likely exceed that $95 membership fee, thus making it a little easier to accept and pay.

Being a preferred member or cardholder should also open you up to exclusive events or rewards, since you pay for an annual fee and continue to do business with Chase. Having the Chase Sapphire Preferred Card does offer you access to exclusive events or travel opportunities that other credit card companies don’t offer. If you like receiving invitations to entertainment or travel events, it is something to consider with this credit card.

One thing I have not liked in the past with other credit card companies is being told where I can use my points. While the Sapphire Preferred Card benefits those who travel and dine out, that does not mean you can only use points for those situations. The redemption options through the card’s Chase Ultimate Rewards means you can apply your points for anything you want such as merchandise, gift cards, travel and even cash back. Having the ability to pick and choose what you receive for your points is a great benefit and offers even more freedom when using your credit card. Redeeming rewards points for the holiday season, a summer vacation or even to put some cash back in the bank are all helpful to most of us and makes using the card more often throughout the year worth it.

For some, choosing a credit card is about the customer service attached. None of us like calling a credit card company over a dispute or issue only to have to press a dozen buttons and get frustrated with the customer service representative or find out the operating hours aren’t convenient for you. The Chase Sapphire Preferred Card provides professional advisors any time of the day or night without a zillion hoops to get through – 24/7 customer service means you can call from anywhere around the world to get quick, quality attention. This alone is a benefit for cardholders who travel or need assistance beyond the basic business hours!

Here are some specific features of the Chase Sapphire Preferred Card:

  • 2x points on travel – For every $1 spent, 2 points are earned when the credit card is used to pay for rental cars, public transportation such as trains, tolls, taxi, airfare, cruises and hotels.
  • 2x points on dining – Every $1 spent at a restaurant, 2 points are earned! This includes dining everywhere from fast food options to find dining experiences.
  • Points on purchases – Outside of travel and dining, card members earn 1 point for every $1 they spend. If you use the card to fill up the car with gas, purchases groceries or even purchase seats to the ballgame, you’re earning a good deal of points to use later on other fun activities or rewards.
  • 20% off travel – When you use the Chase Sapphire Preferred Card to arrange travel accommodations, you can get 20% off of cruises, hotels, car rentals and airfare when you redeem with the Chase Ultimate Rewards. Essentially, you’re getting to use your rewards and save an additional 20% on purchases!

These are just the basic benefits of being a cardholder. If you travel around the world, having the Sapphire Preferred Card also works across the globe with chip-based purchases, thanks to an embedded chip in the card. All you need to do is use your card as directed and then verify the purchase with your signature. Takes the stress out of using the credit card abroad!

Have you ever read the fine print after signing up for a credit card, only to find out that most of the time you can redeem the benefits there are restrictions or blackout dates? Since we can’t all cater our schedule to a credit card company, one massive benefit of using the Chase Sapphire Preferred Card is that if you find a seat available on an airplane, you can use your Chase Ultimate Rewards to snag that seat. In addition, purchasing airplane tickets with your Preferred Card also offers you protection in the event you need to cancel or reschedule your getaway or business trip – no more outrageous fees, if there is a covered cancellation or emergency, you will have your purchase reimbursed if you make it through the Chase Sapphire Preferred Card.

The 15.99% APR is also something to consider when signing up for a credit card; however, it does jump up to 29.99% as a penalty for late or unpaid bills, which could be a hefty payment for larger balances.

Overall, the Chase Sapphire Preferred Card offers an ideal range of benefits – the only con being the membership fee, but if you use your card correctly, that fee pays itself with rewards!

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