15 Things I Love About the Chase Sapphire Preferred Card

I receive compensation for content and many links on this blog. Citibank is an advertising partner of this site, as is American Express, Chase, Barclays and Capital One. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same). Terms apply to the offers and benefits listed on this page.


Chase is running its biggest-ever public offer for the Chase Sapphire Preferred® Card: 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

They’ve only offered 80,000 points a couple of times, that was arguably the best deal of 2020 and again for the start of 2021. This is huge for the $95 annual fee card.

For many years the Chase Sapphire Preferred® Card was the single best card for earning valuable rewards points, in a class by itself. It currently has the biggest public offer there’s ever been for the card, and in my view the best offer for any rewards card right now.

Chase will generally only approve new customers for this card that have gotten fewer than 5 new cards in the past 2 years (so getting a Chase Sapphire Preferred Card before you apply for other cards makes the most sense). In addition to be eligible for a bonus on this card you cannot be a current Sapphire cardholder or have received a Sapphire card bonus in the last 48 months.

Here are my 15 favorite things about Sapphire Preferred.

  1. Initial Bonus100,000 points are worth a minimum of $1250, but I value Chase points at around 1.8 cents apiece because of all of the transfer opportunities. That’s $1800 in value just for spending $4000 on the card within the first 3 months of opening the account. Put another way, that’s effectively a 45% rebate on the spend which is almost unheard of.
  2. Double Points on All Travel and DiningThat’s what most of my spend is, especially reimbursable spend — not just air and not just hotels, but both and cars and taxis and tolls, plus meals on the road.

    To be sure the Sapphire Reserve earns 3 points per dollar on travel and dining, but I’m asked frequently by people that have the Reserve whether they should keep that $550 annual fee card after the first year, and it’s a tougher card to get approved for in readers’ experience.

  3. Ultimate Rewards MallAdditional points for your online shopping through access to the Chase Ultimate Rewards mall, a mileage-earning shopping portal that often has the most lucrative opportunities to earn extra points for the online purchases you’d make anyway.
  4. Points transfer to Singapore Airlines — one of the best airlines in the world, with great premium cabin availability, stopovers for a fee even on one-way awards, and very low feesIt’s very rare indeed that you can ever use miles from Star Alliance partner programs like United MileagePlus, Aeroplan, or LifeMiles for long haul premium cabin travel on Singapore. But Singapore offers members using their own miles fantastic award availability on most of their routes. In the past Suites Class has even been regularly available between Europe and Singapore as well as Australia.

    What’s more Singapore Airlines is refreshing the cabins on its Airbus A380s, the most luxurious commercial aircraft flying, while other carriers consider retiring theirs. So their Suites class is expected to return.

  5. Points transfer to United Airlines MileagePlus which is great because it’s one of the few airlines in the world that does not add fuel surcharges onto any awards and because that gives you access to availability across the Star Alliance and with easy online bookings.
  6. Points transfer to Air France which offers great business class award availability and discounts on awards up to 50%.In my experience they make far more award space available on Air France and KLM flights to their own members than they do to partners. I find really good space between the US and Europe, even on West Coast routes.

    Flying Blue offers promo awards discounting certain markets 20% – 50% that let you book travel between that city and anywhere Air France or KLM flies in Europe (depending on the gateway that is on sale).

  7. Points transfer to Hyatt which gives you access to high-end hotel redemptions, reasonably-priced suite awards, and room upgrades with points.Hyatt lets you redeem ~ 60% more points than a standard room for a suite on a free night. And Hyatt lets you spend 6000 points per night on a qualifying paid rate stay to upgrade to a suite — at booking. And that 6000 point price is the same regardless of the price level of a hotel. For additional points you can even book a premium suite.

    You do have to pay the standard or Hyatt daily rate to use points to upgrade a paid reservation to a suite, and at a resort you have to book at least a deluxe room to be eligible to use points for upgrades.


    Park Hyatt Aviara

  8. Points transfers with most airline and hotel partners are instant.This is great because you don’t risk awards disappearing this way. And you don’t need to transfer points to an airline or hotel program until you need them, since transfers happen quickly. (Singapore Airlines transfers in my experience take 12-24 hours but have taken as long as 36 – which is ok since Singapore has let me put awards on hold, then I’ll transfer the points).
  9. Use Points For Statement CreditsThe new Pay Yourself Back tool lets you redeem points at 1.25 cents apiece in value against eligible card charges.
  10. Food delivery BenefitGet unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DoorDash’s DashPass (activate by December 31, 2021).
  11. Purchase ProtectionIf you buy something and the merchant won’t take it back and it’s within 120 days of your purchase, they can pay you back instead up to $500.

    When I dropped my Android phone on the sidewalk two months after I bought it, I smashed the glass screen — and I wound up with a check for $314.99.

    chase sapphire preferred benefits

    If a manufacturer’s warranty lasts a year, they’ll cover a second year. If it lasts two years, they’ll cover a third year. So if your stuff breaks don’t just throw it away, call Chase and get the ball rolling on their provider sending you a check.

  12. Baggage Delay CoverageIf your checked bags are delayed more than 6 hours they’ll reimburse you for things like toileteries and clothing you need to buy, up to $100 a day for 5 days (or until your bags are delivered, if less).

    And if your checked or carry-on bags are damaged or lost permanently, they extend coverage up to $3,000 per passenger.

  13. Primary Rental Collision CoverageIf you rent a car with this card you don’t just earn double points (for travel) but get extra protection. Most premium cards offer secondary collision coverage, they pay what your insurance doesn’t (which usually means they cover your deductible). With Sapphire Preferred’s primary coverage, rental a qualifying vehicle and charge it to the card and your insurance company may not even need to know…
  14. Trip Delay CoverageBuy airline tickets with the card and if you’re delayed 12 hours or overnight you can get reimbursed for hotel costs and meals.

    You must be on a round trip ticket (trip not to exceed a year) and have charged at least a portion of your ticket to the card.

    The $500 benefit applies to each spouse or dependent (under age 22) that’s delayed whose ticket you charged to the card.

    Since you only have to charge a portion of a ticket to the card, coverage applies even to award travel thus it’s best to pay award ticket taxes with a Sapphire Preferred Card (and not just for the double points on airfare).

  15. The Card Has a Great Look and FeelThis isn’t a reason to get a card but it’s a sleek card, heavier than what you’re used to and without any raised numbers (and in fact, no numbers on the front of the card).

    AndyAndy decided downgrade his Chase Sapphire Preferred card to a regular Sapphire card with no fee (no longer available). He tried to dispose of the card himself. With a blow torch.

    chase sapphire preferred card benefits

    chase sapphire preferred card

I applied for this card back in 2011. And it’s still a great role-player, especially as a ‘Chase hub’ where you earn points at accelerated rates with Chase’s no annual fee cards and then transfer them to the Chase Sapphire Preferred Card so that those points can then be moved to airline miles and hotel points.

 

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

More articles by Gary Leff »

Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of advertisers Citibank, Chase, American Express, Barclays, Capital One or any other advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. With the countless articles across travel blogs about credit cards, the simple answer is that CSP plus Amex Everyday Preferred is the right answer for most people. Add in an Amex Plat or hotel/airline specific cards depending on your travel preferences, and you’re set.

  2. Looks like a blowtorch didn’t destroy the card (info may still be recoverable from it), so I would recommend taking the card to an auto scrap yard and ask them to put it through the auto shredder to destroy the card.

  3. Great summary, except for the rental car insurance “perk,” which is pretty bogus. As per the experience of my wife, friends and a number of online reports (including comments here at VFTW): if you try to collect, the insurance company Chase refers you to throws up all sorts of roadblocks. Count on well over six months and countless requests for documentation, and even then, you might not get reimbursed. It’s a feature of their system, not an unintentional bug.

  4. @AC, that’s literally the first paragraph of this post. It’s legally required.

    @Roger Callan, in general that’s a very poor redemption value.

  5. @ AC

    When I received mine I signed up through Gary. I like his blog and, in some small way, was able to support it. Why do you care whether he makes money on it?

  6. Yeah, I don’t normally fuss about referral-earning posts, but it’s pretty off-putting to have a thumbnail slide of a Singapore Airlines flight that doesn’t exist as a redemption option right now.

  7. As an FYI, Chase Safire Preferred only covers physical damage or theft for car rentals. It does not cover liability which isn’t worth it because many car rental companies in foreign countries do not separate the car damage from liability. If you contact Chase, it will email you their benefits package which provides all the “fine print” for the benefits it offers.

  8. My complaint about this, and other metal cards, is that I can’t keep my wallet in my pocket when going through the metal detector at TSA checkpoints.

  9. I might have missed this, but Chase Ultimate Reward Points can also be used for payment on many online Amazon purchases also.

Leave a Reply

Your email address will not be published. Required fields are marked *