Thursday, December 9, 2021

Chase Sapphire Preferred Credit card: How worth it is?

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Chase Sapphire Preferred Credit Credit Card: How Worth it is?

Chase is offering altogether 31 credit cards which are specific in travel, business, air, cashback offers, no annual fee, hotel, rewards, dining, balance transfer, and student offers. Some of these credit cards have combined offers. Chase Sapphire Preferred Credit Credit is one of the best travel credit cards in the market.  Obviously, after the pandemic condition, people are willing to travel freely and enjoy some fresh air. We’re sure you are also waiting to get some fresh air with your loved ones.

Chase Sapphire Preferred Credit Card is one of the best credit cards that meets your requirements on the go. Of course, there are different travel credit cards, even with Chase and other cards providers. But, here way we recommend the Chase Sapphire credit card for sure. Let’s take five minutes to read to explore the handy bunch of offers you can’t miss this fall.

Chase Sapphire Preferred Credit Card
Chase Sapphire Preferred Credit Card

How you Can Get Your Chase Sapphire Preferred Credit Card

The minimum FICO score you would need to apply for Chase Sapphire Preferred Credit Card is 646. And the ceiling limit is 736. Typically this will fall in the FICO categorizations of “good” to “very good.” So, you do not need a much higher FICO score to apply to Chase Sapphire Preferred Credit Card.

If you want to check your FICO Score, please click the link.

Also, you may hear of Chase 5/24 rule. , your card won’t be approved if you have applied and opened more than five new credit card accounts within the past twenty-four months with any bank. Again, this is not a published rule, but it exists in the approval process.

We believe this rule is for the betterment of the bank and customers, to prevent credit card scammers!!

You may notice that such a valuable card’s annual fee is low, as much as $95 per annum. So compared with the other Chase Credit Cards, this is a fair good opportunity to grab.

Welcome Offer

With the Chase Sapphire Preferred Credit Card sign-up, you’ll earn 60,000 points after you spend $4,000 on purchases within the first three months. This is the kind of most generous offer that chase ever gives for a credit card.

This offer is worth $750 toward travel when redeemed through Chase Ultimate Rewards®.

Also, note that this offer will be available to you only if you do not have a Sapphire card and have not received a cardmember bonus for the past 24 months.

More Benefits and Perks of Chase Sapphire Preferred Credit Credit

$50 Annual Hotel Credit

Sapphire Preferred Credit Card offers a $50 statement credit at the account opening and each following cardmember anniversary. In addition, the $50 statement credit will be available to you when you purchase a hotel stay through the Chase Ultimate Rewards® platform. The statement credit will not earn reward points.

Suppose you upgraded the credit card to Chase Sapphire Preferred Credit Card. In that case, you will get this offer at the next cardmember anniversary.

10% Annual Bonus Points

Sapphire Credit Card offers 10% points based on your non-bonus spending per cardmember year. So, for example, you’ll earn 1,000 bonus points if you spend $10,000 during the accounting year.

1:1 Points Transfer

If you are a member of the frequent travel program, you can use this offer.  Chase  Sapphire Preferred Credit Card ensures to transfer your points at a 1:1 rate with leading travel programs. Some of the travel programs eligible for this offer are;

Air Travel Partners

  • Aer Lingus, AerClub
  • British Airways Executive Club
  • Emirates Skywards®
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines Kris Flyer

Hotel Travel Partners

  • IHG® Rewards Club
  • Marriot Bonvoy™
  • World of Hyatt

Partner Benefits of Chase Sapphire Preferred Credit Credit

Sapphire Credit Card offers three main partner benefits with DoorDash, Lyft, and Peloton.

DoorDash

If you apply and activate your card before 31 March 2020, you’ll get at least a one-year DoorDash membership pass. This will waive off delivery fees and reduce the service fee on selected purchases through credit cards.

Peloton

You’ll get $60 cashback on an eligible Peloton All Access or Digital membership till 31-12-2021. You may get full access to their workout library through the Peloton app. This offer includes cardio, running, strength, yoga, and more. Also, you can take classes with a mobile app, tablet, or TV.

Lyft

You’ll get 5X points on rides till march 2022. The 3X points are in addition to 2X points you already earn on travel.

Travel Protection Cover

Even in first-class air travel, you may experience unexpected disturbances. This can occur at any time at any place. So, you can hand them over to Sapphire Preferred Credit Card. They offer a complete list of travel protection options, which are listed below. You can explore more if you like by clicking this link.

  • Primary rental car coverage
  • Trip delay insurance
  • Trip cancellation insurance
  • Bagge delay insurance
  • Lost luggage reimbursement
  • Purchase protection
  • Extended warranty protection

Here is how you can earn points

You may wonder where to earn such an amount of points. You can convert almost every credit card transaction to some amount of points. Here are some exciting ways to transform your purchases into issues.

  • 5 points per $1 on travel booked with Chase travel portal and 2 points per 1$ on all travel were not secured with Chase travel portal
  • Five issues per $1 on Lyft
  • Three issues per 1$ on dining selected streaming services, and online grocery store purchase (you may not be eligible with purchases through Target, Walmart, and wholesale clubs)
  • And 1 point on a dollar on everything else.

So, these are the ways to earn the maximum amount of points per transaction. But, of course, there are plenty of ways to earn more points than 1 point per dollar in every purchase.

How to redeem your Chase Sapphire Preferred Credit Card points

It is essential to know how to earn the points and redeem the issues you’ve made with a credit card. Here is how to save your points earned with a credit card.

Chase Ultimate Rewards® Travel Portal

Chase Ultimate Rewards® travel portal offers you a wide range of travel options to select from air travel to hotel stays and even rent a car. So, you can redeem all the points you’ve earned at a fixed rate of 1.25 cents per point with the Chase Ultimate Reward® Travel Portal.

So, you do not have to worry when you are about to stay at a hotel or about to fly. You can pay with points.

Transfer Points with Chase Travel Partners.

As previously mentioned, you can transfer and redeem your points with a selected handy bunch of travel partners at a rate of 1:1 per point.

Chase Pay Yourself Back Program with Chase Sapphire Preferred Credit Credit Card

You can also redeem your points through Airbnb and awaytravel.com at the rate of 1.25 cents per point in offset purchases. This offer will be valid until 31 March 2022.

As a Summery

Chase Sapphire Preferred Credit card is one of the best travel credit cards in the market up to now. Many other cards offer plenty of travel perks but not as many offers and points per purchase. One of the best travel credit cards is Capital One Venture Rewards Credit Card. We will look further to review that also.

Chase Sapphire Preferred Credit card is much more worth its annual fee. If you use the card frequently in day-to-day purchases, you will easily surpass the yearly fee of $95. Moreover, the yearly fee of $ 95 is comparatively low when we compare it with the rest of the credit cards in the market.  In addition to that, the card can apply with reasonable FICO points.

So, we believe these details will be more than enough to make a decision n apply for Chase Sapphire Preferred Credit Card. And, we hope you enjoyed the reading as well. Also, please keep sharing with your friends.

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Janet V. Wallace
I am an America-based experienced financial blogger with extensive writing skills and financial background. I will help people to invest their money in the stock market, be financially free, and live a fulfilled life. I will write a blog about the various aspects of personal finance and share my knowledge about How to find the perfect bank for your background and how to make your money work for you, how to save your money, and also help you take control of your money, I'm confident that my financial knowledge will help your needs.

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