Сhase Sapphire Preferred® Card: Does It Live Up To The Hype?

By | 09/21/2018

The Chase Sapphire Preferred® Card is one of our most popular travel reward credit cards, with a generous mix of rewards and flexibility for travelers. If you’re a consumer that is willing to jump through a few hoops to get extra savings, this is the card for you. We examine why this card is so good and do that math on all its features – from its 50,000 bonus points, to the 2.5% rewards rate. Along the way, we’ll break down everything you need to know about the card, in order to get the most out of it. The Chase Sapphire Preferred® Card has made our 2018 editor’s picks for Top Rewards Card Offers and Top Airline Card Offers.

 

Pros

Cons

  • $0 Intro for the First Year. Then $95
  • Not valuable to those spending less than $10,000 per year

Review: A travel card built for rewards maximizers

The Chase Sapphire Preferred® Card is designed for consumers who are willing to do a little more to get the most value out of their spending decisions. Equipped with a broad array of lucrative options for how you can redeem your rewards, the Sapphire Preferred lets savvy consumers choose if they want to take advantage of better redemption options.

Through discounts on Chase’s Ultimate Rewards shopping site and the cards point transfer program, card holders can get much higher rewards rates than some of our other top rewards cards. Even if you don’t take full advantage of these perks, you can always fall back on the standard statement credit redemption rates. If you’re focused on getting the most money out of travel specific spending, the Sapphire Preferred is among our favorite options. The hefty signing bonus is also competitive with other rival offers.

Consumers will benefit the most when they use points earned through the Chase Sapphire Preferred® Card, to book travel through Chase’s Ultimate Rewards portal. Additionally, the card works best when it is used to make travel and dining purchases.

For broader spending, the card performs a little worse, since the general spending category is only 1 point each. If you’re still looking for a travel rewards card, but want a card for other spending categories, the Barclaycard Arrival® Plus World Elite Mastercard® is likely to be a better overall option. Due to the two cards having high annual fees, few consumers will have the means to get both cards. Instead, we recommend supplementing the Chase Sapphire Preferred® Card with a good cash back credit card, such as the Citi Double Cash or the Chase Freedom, to earn higher than average rewards for general everyday spending.

Chase Sapphire Preferred® Card Benefits and Features

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card

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