Chase Sapphire Preferred Review: 10 Things You Need To Know

November 13, 2014 by

The Chase Sapphire Preferred is clearly at the top of the leader board in the Chase Ultimate Rewards family. For starters, the $95 annual fee is waived for the first year, which significantly increases your rewards in the first 12 months.  This premium rewards credit card is also a favorite card among savvy shoppers and frequent travelers because by tapping the travel redemption discount, and airline transfer program, cardholders have multiple ways to amplify their rewards rates with no foreign transaction fees.

So, if you are planning to sign up for a Chase Sapphire Preferred Card, but still have doubts, you’ve come to the right place. Here are the ten things you need to know why this rewards card is a must-have for any traveler.

1.) Killer sign up bonus

Chase Sapphire Preferred - 1 killer sign up bonus

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This card gives you 40, 000 bonus points when you spend a total of $3, 000 in purchases within the first 3 months after receiving your card. Take note that 40, 000 points is worth $500 dollars, which means this reward card practically can pay its annual fee by itself for upto 5 years. Or you can use this reward by redeeming points on travel, merchandise, gift cards, cash back, and more through the Chase Ultimate Rewards program.

2.) Additional 2, 500 points

Chase Sapphire Preferred - 2 additional 2000 points

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Enroll your first authorized user and earn 2, 500 additional points when a purchase has been made within the first 3 months of opening. That simple.

3.) No expiry date on all accumulated points

Chase Sapphire Preferred - 3 no expiry date on all accumulated points

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For those who like to save for a grand vacation using their rewards points, you don’t have to worry about expiration because there’s none. There is no ceiling number for points as well so you can hoard an unlimited number of points.

4.) Earn points from restaurants and travels

Chase Sapphire Preferred - 4 earn points from restaurants and travels

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Earn 2 points instantly when you dine in restaurants and travels and 1 point for every $1 spent on all other purchases.

5.) No blackout dates for flights reservations

Chase Sapphire Preferred - 5 no blackout dates for flights reservations

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For frequent fliers, aside from earning double points for every $1 spent on airline tickets using the online Travel Booking Tool, you can reserve a seat using your accumulated points on major airlines, on any class, to any destination anywhere in the world.

6.) Convert your points to pure cash

Chase Sapphire Preferred - 6 convert your points to pure cash

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If you prefer cash, rewards checks start at 2, 000 points for $20. But, we suggest to always watch out for great deals on airline tickets, accommodations, car rental, cruise promos, and gift cards.

7.) Customer service 24/7

Chase Sapphire Preferred - 7 customer service 24 7

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Get someone from customer service anytime of the day or night. All you have to do is call the hotline number at the back of your card and get connected with a real human being (not an automated message) right away.

8.) Travel and insurance benefits

Chase Sapphire Preferred - 8 travel benefits and insurance

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If you are a Sapphire Chase Preferred cardholder, you are rewarded with the best travel benefits and travel insurance in the market such as Auto Rental Collision Damage Waiver, emergency, trip delay and cancellation, and delayed and lost luggage insurance.

9.) Protection and security features

Chase Sapphire Preferred - 9 protection and security features

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As a Chase Sapphire card member, you will not be held liable for any unauthorized purchases. Under the membership program, you get identity theft protection, extended warranty protection, purchase and return protection.

10.) Organize your payments with the Blueprint program

Chase Sapphire Preferred - 10 organize your payments with the Blueprint program

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Getting on top of your credit card bills is very important because late payments will have a negative effect on your credit score. The Blueprint is an online tool to organize your payment methods, monitor your spending habits, and avoid interest rates from your purchases.

Featured image by: Chase Credit Cards