Chase Sapphire Preferred Review 2019

The Chase Sapphire Preferred credit card is definitely worth considering if you travel frequently. Your first Amazon credit card is packed with tons of benefits and can help you earn a lot of extra money.

Card also has several other benefits like transferring points to other reward programs and offers great protection when traveling and shopping.

Cash Withdrawals

Credit card holders should get the Chase Sapphire Preferred credit card because it gives them access to lots of travel rewards without having to pay high-interest rates.

The Chase Sapphire Preferred card is distinguished from other cards by the many ways it allows people to rack up rewards points.

People who use this card will have more travel options available to them and can book their own travel in no time.

Purchase merchandise, gift cards, and tickets to concerts and sporting events can be made using the rewards points through the Chase Ultimate rewards portal.

There Is An Initial Bonus of 50,000 Bonus Points

Signing up for the Chase Sapphire Preferred Card will earn you 50,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. 

When redeemed through Chase Ultimate Rewards, that’s equal to $625 you can use for travel. This is a great bonus for any person who wants to increase their income.

Many US credit card issuers use a large number of bonus points at signup to entice new customers. And over 50,000 bonus points ($500-$750 depending on the rewards program) seem to be the standard amount of points.

Credit cards are a great tool for travel, but they’re also expensive and you may be required to spend $4,000 in the first three months to receive them.

Some other credit cards reward you with a percentage of cash back instead of a percentage of points.

A major benefit of the Chase Sapphire Preferred Card is that people who own it will still earn 5,000 bonus points just for signing up and making their first purchase within three months of opening an account.

The bonus points are given regardless of how much is spent. Those who do not spend $4000 in the first three months get something.

Other Ways to Earn Points

When you apply for a Chase Sapphire Preferred card, you’ll get two times the points for dining and travel, which lets you save even more money on everything.

Use this incentive when traveling for business or pleasure. Travelers looking for bonus points will appreciate this app.

Cardholders also earn one point per dollar spent on purchases of other products, excluding gift cards, on all other purchases.

With the number of points required to redeem for travel expenses, it’s even better to redeem them for airfare and stay overnight at the hotel in order to get the best value. This is called a 50,000 reward point promotion. Rewards Points have been devalued so that you’d be better off redeeming them for travel instead.

Signing up for the Chase Sapphire Preferred Card will qualify you for an additional 10,000 bonus points. This is good for a total of 20,000 bonus points with the Sapphire Preferred Card. This is a great way to encourage people to stay loyal to your credit card. When combined with great rewards programs, this is a powerful way to help boost customer loyalty.

Fees For Annual and Transactions

The Chase Sapphire Preferred card has an annual fee of $95, but if you use it for the first year, You’d need to spend about $5,000 on travel or dining or $10,000 on other expenses too.

Amazon currently doesn’t charge fees on international transactions, which is nice because other cards have an average of 3% fees. It’s attractive to people who travel abroad and shop in foreign countries because there aren’t any transaction fees for them.

This card will charge a 5% or $5 cash advance fee and a 5% or $5 balance transfer fee.

That fee is $38 for every returned payment, and the interest-free period is 21 days. You’ll have three weeks to pay for your purchase in full before any interest starts to be charged. The interest is added right away.

There are Interest Rates

The interest rate on the Chase Sapphire Preferred card can go up to 24.99% depending on your creditworthiness. People who have a good credit rating will get a lower rate, while people with worse credit ratings will be charged a higher rate.

The APR on the Chase Sapphire Preferred card is a little higher than most other card offers. A travel rewards credit card with an annual fee of $100 or less offers the best reward points to use The average credit card APR today hovers around 15%.

Other credit cards have also started to offer an introductory APR of 0% for the first 12 months. The Chase Sapphire Preferred credit card isn’t the best of all of them.

If you’re looking to make the most of your credit card rewards, the Chase Sapphire Preferred card is one of the best cards to choose from. 1. Finally, the same APR of 2.99% to  3.99% is charged on balance transfers. This means that the Chase Sapphire card is not the ideal card for people looking to consolidate debt.

Other Features

What makes the Chase Sapphire Preferred card so attractive is its large welcome bonus and other benefits. Cardholders can transfer points to airline programs such as Southwest Airlines Rapid Rewards and hotel programs such as Hyatt Gold Passport.

You can transfer points at a ratio of 1:1 — meaning that every Chase Sapphire Preferred point you transfer is equal to one point of the reward program it’s transferred to. This is a really impressive benefit for anyone who travels a lot.

Many airline programs that you can transfer points to include British Airways Executive Club, Flying Blue – Air France, Korean Air SkyPass, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus, and Virgin Atlantic Flying Club.

Many hotel programs offer rewards. If you want to stay at the best hotels, get the best rates, and earn points, check out the hotel program you’d like to join.

Other attractive features of the card include trip cancellation and interruption insurance, auto rental collision coverage, baggage delay insurance, and trip delay insurance. The Chase Sapphire Preferred is a good credit card for anyone who wants to protect their purchases and save money at the same time.

Who Should Not Get This Card?

Clearly, the Chase Sapphire Preferred card is for people who travel regularly and want to accumulate rewards points quickly. This credit card is perfect for people who do not travel a lot.

If you aren’t comfortable with an annual fee for a credit card, you might consider other places to get a business card. You get better perks, rewards, benefits, and opportunities when you choose the Chase Sapphire Preferred card over other cards.

Alternative Card: The Bank Of America Premium Rewards

This is the premium credit card option for the Bank of America.

Like Chase, Chase Card for Business is providing two times bonus points on all travel and dining-related purchases.

However, the Bank of America Plus+ Rewards card offers 2.0 bonus points on all other purchases. That’s 50% more than the Chase Sapphire Preferred card.

This bonus offer can be easier to achieve by meeting three spending requirements over three months instead of four spending requirements over four months like the Chase Sapphire card.

With the annual fee of $95, it doesn’t allow people to redeem their points for cash back, but they can redeem them as a statement credit or as a deposit into an eligible Bank of America or Merrill Lynch account, including chequing and savings accounts.

In last

Chase has crafted a credit card aimed at globetrotters. If you travel for work or for pleasure, then the Chase Sapphire Preferred credit card is definitely worth considering. It has big rewards and enables people to acquire points fast.

It has many features, including the ability to transfer points to a myriad of airline and hotel programs around the world, and offers good protection when traveling and shopping.

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