Chase Sapphire Reserved We Need to Review Your Request a Little Longer
Story highlights
The Hunt Sapphire Preferred Card is a favorite of frequent flyers
New card holders can earn 80,000 bonus points after spending $4,000 on the menu in the offset 3 months
The carte'southward bonus categories aren't right for everyone, but appeal to those with major travel and dining expenses
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Our quick have: The Chase Sapphire Preferred® Card is an ideal pick for people just getting started with travel rewards, since it offers a solid return on travel and dining purchases and earns some of the most valuable travel points around.
Pros:
- Earn 2 points for every dollar spent on travel or 5 full points if purchased through Ultimate Rewards.
- Earn 3 points for every dollar spent on dining, select streaming services and select online grocery purchases.
- The welcome bonus is worth at least $i,000 in travel when redeemed through Hunt Ultimate Rewards.
- Points can be redeemed for travel through the Hunt Ultimate Rewards® travel portal at a rate of 1.25 cents per point.
- Points can as well be transferred to any of Hunt's 14 airline and hotel partners.
- Earn a 10% ceremony betoken bonus on all purchases made the previous yr.
- $l annual credit on hotel stays purchased through Ultimate Rewards
- Potent travel and shopping protections.
Cons:
- $95 annual fee isn't waived for the showtime yr.
- No introductory rate on purchases or balance transfers.
- No Global Entry or TSA PreCheck fee credit.
Electric current sign-up bonus: Earn 80,000 bonus points after you spend $4,000 on purchases inside the first 3 months from account opening.
All-time for: People with larger than average travel and/or dining expenses who want bones transferable travel points.
See if you qualify for the Chase Sapphire Preferred with an 80,000-betoken bonus.
If you've washed any inquiry on credit cards, so the Chase Sapphire Preferred may sound familiar. At over 10 years sometime, it's practically the granddaddy of travel rewards credit cards.
The Sapphire Preferred offers 2 points per dollar on all travel or if purchased through Ultimate Rewards, you'll earn five full points per dollar spent. You lot'll as well earn 3 points per dollar spent on dining, select streaming purchases and online delivery purchases (excluding Walmart, Target and wholesale clubs) and five points per dollar on Lyft rides through March 2025.
When you lot have the Sapphire Preferred, you'll also get discounts on DoorDash food delivery orders, strong travel protections and a generous 80,000-point sign-up bonus — all for a reasonable $95 annual fee. Plus, the Chase Ultimate Rewards points you earn with this card are amidst the virtually valuable points effectually.
Additionally, on your account anniversary, y'all'll earn a x% point bonus on all purchases made the previous year. That means if you lot spend $10,000 on the Chase Sapphire Preferred Bill of fare, you lot'll earn an additional 1,000 bonus points.
But is that enough for the carte to justify a spot in your wallet? The credit carte market has evolved immensely since the Chase Sapphire Preferred was start introduced. Other cards now offer bonus points or greenbacks back in those same travel and dining categories — in some cases at college rates — likewise as other notable benefits like annual travel credits and drome lounge access.
The central deviation, however, is that those other cards are typically accompanied past college annual fees. And then if yous aren't ready to shell out a lot of money for an expensive credit bill of fare, the Hunt Sapphire Preferred is an excellent starting indicate.
The Chase Sapphire Preferred currently offers new card holders 80,000 bonus points after you spend $iv,000 on purchases in the start iii months afterward opening the account. While that isn't the highest sign-up bonus we've ever seen on this card, information technology's 30,000 more than points than the bonus currently offered on the Sapphire Preferred's older sibling, the Chase Sapphire Reserve®, which carries a $550 annual fee.
Related: Is the Chase Sapphire Reserve worth the annual fee?
Points earned with the card can be redeemed for travel through the Chase Ultimate Rewards travel portal at a rate of 1.25 cents per point, so you're guaranteed at least $1,000 in travel right off the bat.
But if travel isn't on your radar right at present due to the pandemic, you can likewise redeem your points in eligible categories through the "Pay Yourself Back" tool. The current eligible categories are Airbnb and purchases made at Away through awaytravel.com, and you'll get 1.25 cents per bespeak when redeeming this way.
However, if you lot want to hang onto your points until travel resumes more than broadly, you tin can potentially get even more value by taking some time and effort to maximize Chase's airline and hotel partners. In fact, the Ultimate Rewards plan features some of the best transfer partners, including United Airlines, Southwest and Hyatt Hotels.
Here'south a complete list of Chase's 14 partners, all of which transfer at a ane-to-1 ratio -— meaning for every 1,000 Hunt points, you'll get i,000 airline or hotel points or miles when you transfer them:
The reason yous'd want to transfer Ultimate Rewards points instead of redeeming them through the Hunt travel portal is considering airlines and hotels sometimes sell travel for unlike rates depending on whether you're paying in cash or points, which ways y'all can sometimes score some fantastic deals by transferring points, especially if yous want to wing in first or business class.
Even with many airlines and hotel chains shifting to dynamic-pricing frequent flyer systems, award redemption rates effectually high-need dates and holidays ofttimes don't get the same markups as the cash rates. And as travel companies emerge from the pandemic, they're offering some great points deals in an endeavor to fill seats on planes and rooms in hotels.
There are besides many hidden gems when booking award flights on partner airlines, particularly in premium cabins. A piffling chip of enquiry and due diligence can definitely save you a lot of money (or points) in the long run.
Click here to earn lxxx,000 bonus points on the Chase Sapphire Preferred.
Beyond the sign-upwardly bonus, the Chase Sapphire Preferred earns ii points per dollar on all travel (or 5 total points if purchased through Ultimate Rewards), 3 points per dollar spent on dining, select streaming purchases and online delivery purchases (excluding Walmart, Target and wholesale clubs) and one point on everything else.
It should be easy to apace score plenty of points, since Hunt defines both of these popular categories very broadly. "Travel" includes purchases similar cruises, mass transit, tolls, parking and even ride-shares, while "dining" includes java shops, confined, vending machines and about food delivery services.
Additionally, you lot'll earn a 10% bonus on all purchases made the previous year on your cardmember ceremony. So if you lot spend $ten,000 on the bill of fare during the previous year, you'll earn an additional 1,000 bonus points.
At that place's one exception to the travel bonus category, just information technology'south a positive one. Thanks to a partnership with Lyft, through March 2025, Sapphire Preferred carte holders earn 3 additional points per dollar on Lyft rides for a whopping total of v points per dollar.
Other primal benefits of the bill of fare include discounts on DoorDash nutrient delivery orders via a complimentary DashPass membership that's valid for at least 12 months every bit long as you activate it by Dec. 31, 2024.
You'll also receive a $50 annual credit on hotel stays purchased through Ultimate Rewards. New cardmembers as of August xvi, 2021 will receive this credit immediately, while those who got the carte du jour previously will starting time earning the credit after their side by side account anniversary.
The Hunt Sapphire Preferred also has a comprehensive suite of buy and travel protections, including an additional year of coverage on eligible purchases with a manufacturer'southward warranty of three years or less, protection on your new purchases against damage or theft, coverage of upwardly to $x,000 in the issue your trip gets delayed or canceled, reimbursement for delayed or lost baggage and, most notably, main rental car coverage.
What does "primary rental car coverage" mean? Whenever you employ your card to pay for a machine rental, you can safely turn down the collision impairment waiver offered by the rental company — which is ordinarily expensive — and submit the merits direct to Hunt instead if you have an accident with your rental car.
The car rental coverage that's offered by other credit cards is usually secondary, meaning you have to look to your ain auto policy showtime in the event of an accident. With the Sapphire Preferred, you tin skip that stride and avert potentially seeing your motorcar premiums increase as a consequence of a claim.
To pinnacle it all off, the Hunt Sapphire Preferred has no foreign transaction fees, so you can safely utilise it and earn rewards when traveling overseas once borders reopen. Other credit cards tin can charge 3% to v% in fees for foreign transactions, so having this benefit can make a big divergence to international travelers.
Get the Chase Sapphire Preferred for its travel perks and bonus points on travel and dining.
The Chase Sapphire Preferred doesn't offer the aforementioned luxury travel perks — like airline lounge access and travel credits — as the Hunt Sapphire Reserve. That's expected, because the annual fee is also a lot lower, but worth noting given the other similarities betwixt the ii cards.
It's also worth pointing out that although the Sapphire Preferred's $95 annual fee is fairly standard among mid-tier travel credit cards, a few other cards in this category waive their annual fee in the first year, though many no longer exercise. On the flip side, the Sapphire Preferred does have a college sign-upwardly bonus than nearly other cards.
While the bonus categories cover a wide range of purchases, keep in mind there are cards similar the Citi® Double Cash Carte that earn 2% cash back on all purchases — 1% when you lot make a purchase, and some other 1% when you pay it off — and come with no annual fee at all.
Related: CNN Underscored'due south review of the Citi Double Cash Menu .
So if information technology's straight cash back you're after, you lot might be ameliorate off with another menu. Merely if you spend a lot on dining, travel (especially on Lyft rides), streaming services and online grocery shopping and could utilize the travel and shopping protections, you're going to come out ahead with Sapphire Preferred.
Even if you lot don't utilize the Ultimate Rewards program'south transfer partners, you lot're getting at least 2.v% back toward travel on all your travel and 3.75% on all dining, select streaming services and select online grocery purchases since your points are worth at least 1.25 cents each, and half-dozen.25% back on Lyft rides. Merely don't programme to carry a residue with the carte, as in that location's no introductory interest rate on purchases or balance transfers.
The i other downside of the Chase Sapphire Preferred pertains to the application process, and it applies to all Chase credit cards. Hunt has an unpublished "5/24" rule, which means if you lot've gotten five or more credit cards across all banks in the previous 24 months, your application for a new card from Chase will be automatically denied. Given this restriction, it'due south important to fourth dimension your credit carte applications and use for the Sapphire Preferred early on.
CNN Underscored has called the Citi Double Cash carte as our current "criterion" credit card. That doesn't mean information technology's the best credit carte du jour on the marketplace — rather, we use it as a basic standard to compare other credit cards and see where they score improve, and where they're worse.
Hither's how the Chase Sapphire Preferred scores confronting our criterion. The features of each menu in the below chart are colored in green, carmine or white. Dark-green indicates a card feature that is meliorate than our benchmark. Red indicates the characteristic is worse than our benchmark, and white indicates the feature is either equivalent or cannot exist directly compared to our benchmark.
When reviewing other credit cards, nosotros use this format and these criteria to compare them with our benchmark. Y'all can read our credit card methodology for more than details on what we accept into account when information technology comes to perks, protections and redemption value.
Start earning points to fly in commencement class with the Chase Sapphire Preferred.
Bated from the Sapphire Preferred's older sibling, the Chase Sapphire Reserve, the closest comparison to the Sapphire Preferred would be the Majuscule One® Venture® Rewards Credit Card.
Information technology has the same $95 almanac fee as the Sapphire Preferred, but it comes with a Global Entry/TSA PreCheck application fee credit worth up to $100 that helps get-go information technology in the starting time year. Information technology currently has a sign-up bonus of sixty,000 bonus miles when you spend $3,000 on purchases in the first 3 months after opening the account.
Capital One miles are somewhat less valuable, as they're worth only i cent apiece when redeemed toward travel. They tin as well transfer to Capital One'due south airline and hotel partners, and the issuer has recently improved its transfer program by setting almost all of its transfer ratios at 1-to-1, with just ane hotel at 2-to-i and i airline at 2-to-1.5. Y'all tin can find more details in our review of the Capital One Venture card.
American Express fields the American Limited® Green Carte, which was refreshed in 2019 and now offers iii points per dollar on all travel and dining, and 1 point per dollar on everything else. It as well features an up to $100 annual Clear credit for expedited airport security, and up to $100 in annual LoungeBuddy credits for purchasing airport lounge access.
Withal, these additional perks come at a cost. The Amex Green has a higher price tag of $150 a year, and it comes with a lower welcome bonus of just 45,000 points after spending $2,000 on purchases in the first six months subsequently opening the account.
Related: Get up to $100 a year in aerodrome lounge access with the Amex Green bill of fare.
All information virtually the American Express® Green Carte has been nerveless independently past CNN. The American Limited® Green Carte is not currently available through CNN.
With vaccines now widely bachelor, planes are beginning to render to the skies and hotels volition before long reopen their doors. As that happens, having a stash of travel points is going to be extremely useful. Merely whether the Hunt Sapphire Preferred makes sense for you personally ultimately depends on what you spend the majority of your coin on, and what y'all hope to make it return.
Given its bonus categories, the Sapphire Preferred is ideal for those who spend a significant amount of money on travel, dining, online groceries and streaming services. Besides, while yous don't need to be loyal to a particular airline or hotel chain, you do need to actually travel (or at least want to travel more) to maximize the card's benefits and redemption opportunities.
While you tin get decent value from your points with the card's fixed-value redemption option, the Chase Sapphire Preferred unlocks access to some of the best transfer partners around, so it'south also an fantabulous opportunity to dip your toes in the world of travel rewards and grow your knowledge on loyalty programs.
If cash dorsum sounds more appealing to yous, a card like the Citi Double Cash could make more sense. Or if you're chasing more luxurious travel perks like airport lounge access, you'll also want to look elsewhere — the premium Chase Sapphire Reserve version of this card is a peachy alternative for that, and The Platinum Card® from American Limited is likewise a popular option.
Only in the stop, regardless of which redemption option you choice, the Chase Sapphire Preferred'south 80,000-betoken sign-up bonus is more than sufficient to book your first award trip. So consider whether the card fits your needs, and equally e'er, exist sure to pay your balance in full each month to avoid high interest rates.
Learn more and utilise the Hunt Sapphire Preferred carte.
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Source: https://www.cnn.com/cnn-underscored/reviews/chase-sapphire-preferred-credit-card
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