It comes with a new-cardmember bonus offer, and points are redeemable for statement credit against many kinds of travel expenses. Card type: Travel. Ongoing rewards:. Interest rate: The ongoing APR is Foreign transaction fees: None. Other benefits:. Hotel and airline transfer partners.
Primary rental car coverage. It's an outstanding deal when compared with other cards with similar annual fees — especially when you consider that well-used points could raise the value of the bonus. You earn extra points in a bunch of spending categories, which is good, but also makes it complicated:. Triple points on dining and streaming services is useful, while online grocery purchases may or may not be, depending on your lifestyle.
For example, streaming services rewards effectively have a rewards rate of 3. The anniversary bonus applies to dollars spent, not points earned. All told, a dollar spent at a restaurant or for a streaming service, for example, would earn a total value of 3. From there, you could get more value out of your points by transferring points at a ratio to other loyalty programs or redeeming them for 1. Other redemption options. Activate by Dec. Take classes using a phone, tablet or TV. No fitness equipment is required.
If you travel enough, going for the more expensive option could be well worth the cost. Complete card details and application link:. OR Read our full editorial review. Annual fee. Sign-up bonus. Points are worth 1. Other benefits.
As long as it's a Chase travel partner, you can use your Chase rewards points to pay for a partner-discounted flight or hotel stay, essentially increasing the value of each point. Chase's airline travel partners, with their programs, are:.
The hotel partner programs are:. You can begin getting the most value out of this card by ensuring you take advantage of its introductory bonus. Just be careful to consider when and how you will pay back the purchases, to avoid having interest charges eat into your net gain from the bonus. If you're a member of a loyalty program, look into transferring points to Chase's travel partners.
Points transfer at a ratio, which increases the possibility that using them in a partner program might pay off. Remember to use this card's money-saving benefits as well.
Finally, families can really maximize this card's rewards by adding each family member as an additional user at no extra cost. Points add up fast if numerous individuals are using the card, particularly for their daily travel and dining needs.
Those meals would earn about 7, points with the Chase Sapphire Preferred. In total, then, our family might earn about 10, points with this card in travel and dining rewards. Let's imagine a household that spends double those typical amounts on both dining and travel.
Chances are that such frequent diners and travelers would also spend more than the norm in other areas that earn only a point per dollar spent, such as entertainment, and so benefit even more than most households from even more modestly rewarded spending. They'd also probably have an easier time meeting the fairly steep minimum spending requirement for the introductory points offer, and have a lower chance that the value of the bonus might be offset by interest charges from carrying over some of the balance.
Chase is rated fourth in J. There's also a free credit score with the card. Customers can use Chase's self-service toolkit on its website to perform tasks like replacing a card, adding authorized users, paying credit card bills, signing up for automatic payments, receiving account alerts, verifying their card, and setting up travel notifications.
Chase's online customer service information for credit cards indicates no email or chat options for customer service, only assistance by phone or physical mail. Customers can also message Chase on Twitter at ChaseSupport. Credit card customers at Chase get a number of security perks, all fairly standard among card providers. At a high level, Chase offers safety precautions like multiple authentication checks when you're logging in via the website or mobile app.
It also monitors your profile in order to detect fraud and encrypts your username, password, and other personal account information. It also provides card replacement services in case your card is lost or stolen, and it doesn't hold you responsible for unauthorized charges made with your card. This card comes with chip-enabled technology in order to provide enhanced security when making purchases. Anyone seriously considering a travel rewards credit card should review a list of the best cards in the market and Chase Sapphire Preferred is a perennial favorite that should be on or near the top.
However, since late there has been another Chase Sapphire card that bears serious consideration—the more luxurious sibling of Preferred called Sapphire Reserve. Compared to Sapphire Preferred the Sapphire Reserve card ups offers more across the board in terms of points earning 3X vs. Surprisingly, the Chase Sapphire Preferred card presents a more compelling one-time bonus of 60, points after its initial spending requirement as where Sapphire Reserve only offers 50, points.
Both cards offer primary auto rental insurance coverage, though. Regardless, whether one is better than the other is a matter of calculating the value of the relative rewards earned and redeemed from the one-time bonus, likely annual spending along with the value of the travel credits and airport lounge access. Once you arrive at the number for each card using your annual category spending simply subtract the cost of the annual fee in each scenario to see where you come out to see which better fits your situation and rewards aspirations.
Below is a head to head comparison of rewards and benefits of each:. If you're trying to decide on which Sapphire card to apply for start by determining on how your likely annual rewards earning will compare between the two cards and whether the combination of the one-time bonus and any other perks justify the cost of the annual fee.
The rewards rate and bonus offer for the Chase Preferred are very strong indeed, but the true distinction to this card lies in the versatility with which you can use your rewards, and the ways in which you can enhance their value.
Points can be redeemed for nearly any type of purchase. A few other pluses to this card: Where many credit cards only offer secondary collision damage waiver coverage on rental cars, this card offers primary rental car coverage.
That means you can submit the claim directly to Chase instead of going through your insurance company. And it imposes no penalty APR on late payments, the all-too-frequent higher interest rate imposed after payments are missed. While this card is for frequent travelers, road warriors and other perpetual nomads may want to consider its cousin, the Chase Sapphire Reserve.
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They earn rewards in the partner's loyalty program. You may also be able to redeem for "experiences" — access to special events — if you have an eligible Chase card. Further, when redeeming for travel, point values also depend on which cards you have. Let's start with cash and cash-like redemption options. Point values for these redemptions are the same regardless of which card you have. There is no minimum redemption about.
Gift cards: Most cost the equivalent of 1 cent per point , but Chase often sells specific cards at a discount. Amazon payment: You can link your eligible Chase card to your Amazon account and use your card's rewards to pay through the Shop With Points program , at a rate of about 0. By booking your travel through Chase and paying for it with your points. By transferring points to Chase's partner airline and hotel programs.
Travel booking is powered by the online travel agency Expedia. The value you get per point depends on which card you have:. With cash-back cards, booking travel through Chase gets you a value of 1 cent per point.
The exact value you get per point depends on which program you transfer to and how you redeem the points within that program, but NerdWallet estimates the overall transfer value at 1. See our guide to American Express Membership Rewards. See our guide to Citi ThankYou Points. One point equals 1 cent in those cases. You can earn anywhere from 1 to 15 points per dollar spent, depending on the retailer. You earn at least 1 point for every dollar you spend with a Chase-branded credit card, and most cards earn extra points on purchases in specific categories, such as travel, restaurants or drugstores.
Options for using points include booking travel, getting cash back or — depending on which card you have — transferring them to partner airline or hotel loyalty programs.
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