If you’re looking for a credit card with robust travel rewards, stellar buyer protection benefits, and generous bonus points, Chase Sapphire Preferred® credit card may be a good choice. I think it is one of the best cards for travel thanks to various rewards partners, its outstanding points values, and flexible redemption options.
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In addition to Chase Sapphire Preferred® credit card travel benefits, other rewards and perks make this card an attractive option. Take a look to learn more about the interest rate, annual fee, rewards, and other features to help you decide if this card is right for you.
At a Glance
|Foreign transaction fee:||None|
|Rewards program:||2X points on travel and dining at restaurants. Plus, earn 1 point per dollar spent on all other purchases.|
|Bonus: ||Eligible new Cardmembers earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when redeemed through Chase Ultimate Rewards®.
|We think it's good for: ||People who primarily use their card for travel and dining at restaurants
People who are looking for a large bonus
People who travel internationally
|We think these folks should keep looking:||People who aren’t frequent spenders
People who don't travel often
|Additional Information:||Terms and conditions apply|
Chase Sapphire Preferred® credit card rewards and benefits
To start off strong, Chase offers 60,000 bonus points to new cardmembers who qualify and who spend $4,000 on purchases in the first three months from account opening. When you redeem the points through Chase Ultimate Rewards® that’s $750 toward travel.
Beyond the bonus, the Chase Sapphire Preferred® credit card rewards program offers 2X points on travel and dining at restaurants, plus, earn 1 point per dollar spent on all other purchases.
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Cardholders can opt to transfer points to some of the leading frequent travel programs at a 1:1 point transfer.
Other benefits for travelers with the Chase Sapphire Preferred® credit card include Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver and more. These benefits are available when you use your card for these expenses, such as travel and auto rental. Once your account is opened Chase will send you a Guide to Benefits, which includes an explanation of what travel and purchase benefits are covered and any restrictions, limitations and exclusions that apply.
Finally, Chase helps you get the most out of your reward points with 25% more in travel redemption – which means more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. So, for example, if you qualify and earned the 60,000 bonus points those points are worth $750 toward travel credit if you book through Chase Ultimate Rewards®.
Maximize your points for epic travel redemption
In my opinion, the Chase Sapphire Preferred® credit card is a great travel card to help you work toward your travel goals. It’s a card that I have and continue to use to earn valuable Chase Ultimate Rewards® points.
- Before applying for any credit card, set a travel goal
- Know your credit score
- Identify a great travel card that fits your credit profile and offers rewards you can use
- Learn how to maximize your points
If traveling is not your thing, you can use your Chase Ultimate Rewards® points for cash back in the form of statement credits, on merchandise, for gift cards, or for experiences offered on the Chase Ultimate Rewards® website. The cash value of points is lower than the travel value: 60,000 Ultimate Rewards® = $600 through these redemption methods.
Chase Sapphire Preferred® credit card pros
A great feature of the Chase Sapphire Preferred® credit card is the ability to transfer points to select leading airline and hotel loyalty programs on a one-to-one basis. That means if you have 25,000 Chase Ultimate Rewards® points, you can transfer them for 25,000 points with participating travel programs, which currently includes the below. Please note the participating airline and hotel travel partners are subject to change at any time.
Airline Travel Partners:
- Aer Lingus, AerClub
- British Airways Executive Club
- Flying Blue AIR FRANCE KLM
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards®
- United MileagePlus®
- Virgin Atlantic Flying Club
Hotel Travel Partners:
- IHG® Rewards Club
- Marriott Bonvoy™
- World of Hyatt®
If you choose not to transfer your points, you won’t face restrictions or blackout dates booking your airline tickets through Chase Ultimate Rewards®. You can pay with points for any open seat you find on the site – and the Chase portal offers a very wide range of travels options.
Chase Sapphire Preferred® credit card cons
If you are not able to leverage the 2X points earning categories or the shopping portal, the $95 annual fee may outweigh the rewards you earn with the Chase Sapphire Preferred® credit card. The Annual Percentage Rate (APR) could also be an issue if you don’t always pay your balance in full.
Unlike other cards, the Chase Sapphire Preferred® credit card doesn’t offer an introductory APR for purchases. This card also has no introductory APR for balance transfers. If you’re looking for a card with a 0% introductory APR on balance transfers, you may want to consider the Chase Slate® credit card or Chase Freedom® for that purpose. Or take a look at our list of balance transfer cards from our partners click here and zero percent introductory APR offers click here.
Should you get the Chase Sapphire Preferred® credit card?
The Chase Sapphire Preferred® credit card offers plenty of perks, particularly for travelers. This card also boasts wide acceptance, integrated Extended Warranty Protection, and other purchase protection benefits that make it a convenient way to pay even if you don’t travel often. Be sure you review the terms of these programs so you understand any limitations.
Applicants need good to excellent credit to be considered for this card. Although creditors may have slightly different guidelines for what makes applicants creditworthy, having a credit score of 720 or higher generally qualifies as excellent credit. Be sure to note that creditors look at other related factors when considering you for one of their credit cards, so while having excellent credit is a step in the right direction, it is not a guarantee you will be approved.
Creditors generally view applicants with high scores as low risk. If you have a high score, you most likely make your payments on time, carry low balances, and have an established history. If your score is lower, checking your credit report can inform you of your status so you can get back on track, perhaps toward a Chase Sapphire Preferred® credit card. If you’re not sure where you stand, check out your free credit report card from Credit Sesame.
Overall, based on our findings, the Chase Sapphire Preferred® credit card is a rewards card which can help get you started toward your travel goals. If you think the Chase Sapphire Preferred® credit card is right for you, be sure to see Chase’s website for additional information.
Independent Review Disclosure: All the information about the Chase Sapphire Preferred® credit card and Chase Slate® credit card has been collected independently by CreditSesame.com and has not been reviewed or provided by the issuer of these cards. The Chase Sapphire Preferred® credit card and Chase Slate® credit card are not available through CreditSesame.com.
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Rewards earned can vary based on account usage. This article reflects the authors experiences and may not reflect the experience of other Cardmembers. Verify miles or points needed as travel costs are subject to change and costs can vary based on a variety of factors (for example where you travel from, how you choose to travel, who you book your travel with, etc.). Contact your card issuer, the hotel/resort, airlines, or travel agency before you book your travel arrangements for any taxes, fees, service charges or carrier charges that are not included within the rewards program.
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