Today we’ll talk about a credit card that won the US News best credit card award this year as the best airline rewards card.
We will give you all the guidelines on how to get easy approval on this card and even on any credit you are applying for. Therefore, we invite you to follow this article to the end, so you will increase your chances of approval for any type of credit you need.
The Chase Sapphire Preferred Card has a legion of travel fans for good reason and its annual fee is justifiable for most cardholders. Card packs in common features with the best travel credit cards, such as a great sign-up bonus, premium rewards in various expense categories and, perhaps most importantly, one of the best travel rewards programs we have found. Check out our detailed analysis of the Chase Sapphire Preferred® Card to see if this card fits your needs.
While it does not have some of the robust benefits found on more premium travel cards, such as priority boarding, lounge access and free checked baggage, the card can be a good option for novice travelers looking to earn rewards on their flights and hotel stays without a annual fee.
- No foreign transaction fees;
- Relatively low annual fee of $ 95 per year;
- 1: 1 point transfer rate and significant list of airline and hotel transfer partners;
- 25 percent value increase for points redeemed for travel via Chase Ultimate Rewards;
- Added reward category equal to 5X points on Lyft travel until March 2022 (3X points in addition to 2X points earned on travel) and other.
80,000 point sign-up bonus: You earn 80,000 bonus points after spending $ 4,000 on purchases in the first three months. This is worth $ 1,000 for travel when redeemed through the Chase travel portal.
2 points for $ 1 on trips and dinners: Your travel and dinner expenses earn 2 points for $ 1, and there is no limit to the number of bonus points you can earn this way. Outside of these limited-time bonus categories, all other expenses earn the standard fee of 1 point for $ 1.
25% point bonus: this is one of Chase’s credit cards that gives Chase Ultimate Rewards points, one of the most valuable types of travel rewards. You can redeem points for cash travel purchases through the Chase travel portal at a rate of $ 0.0125 per point.
Another option is to transfer points to the loyalty program of many Chase partner airlines and hotels. This gives you the chance to make high-value award reservations, which are a great way to maximize the value of Ultimate Rewards points.
No foreign transaction fees: foreign transaction fees can increase rapidly when withdrawing credit cards for purchases abroad. The card’s transaction fee abroad is 0% – a savings of $ 60 out of $ 2,000 in international expenses that would otherwise incur a typical rate of 3% on many other cards.
Consumer and travel protection: Chase’s travel and consumer protection insurance is robust when compared to other credit card issuers. They include:
- Travel cancellation / interruption insurance;
- Car rental insurance;
- Baggage delay insurance;
- Travel delay refund;
- Purchase protection;
- Extended warranty coverage.
Can you transfer points from the Chase Sapphire Preferred Card?
For many partner frequent flyer programs, you can transfer points in a 1 to 1 ratio.
Airline transfer partners include:
- Aer Lingus AerClub;
- British Airways Executive Club;
- Emirates Skywards;
- Flying Blue Air France KLM;
- Iberia Plus;
- JetBlue TrueBlue;
- Singapore Airlines KrisFlyer;
- Southwest Airlines Rapid Rewards;
- United MileagePlus;
- Virgin Atlantic Flying Club.
Hotel transfer partners include:
- IHG Rewards Club;
- Marriott Bonvoy;
- World of Hyatt.
Annual Chase Sapphire Preferred Card Fee
The $ 95 annual fee for the Chase Sapphire Preferred Card may be a disadvantage, depending on your perspective. If you prefer cards with no annual fee, you may have trouble paying for one on this card.
If you are considering premium travel cards with annual fees well in excess of three digits, such as the Chase Sapphire Reserve, the annual fee for the Chase Sapphire Preferred Card is a bargain. However, premium travel cards can offer travel credits and greater rewards and benefits than you can get with the preferred Chase Sapphire card.
Another fee to consider: the foreign transaction fee. The Chase Sapphire Preferred Card does not charge a foreign transaction fee, which means that you will not be subject to a 3% fee on purchases made in a foreign country or currency. This can be useful if you are planning a trip abroad.
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