10 Things I Love About Chase Sapphire Preferred

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Key Link: Chase Sapphire Preferred Card

My single favorite card for earning valuable rewards points currently has its best-ever public offer of 50,000 points as a signup bonus. And it comes with an additional 5000 bonus points after you add the first authorized user to your account and make a purchase in the first 3 months from account opening.

There was a brief targeted test of 50,000 points with a higher annual fee two years ago. For the most part we haven’t seen an offer like this for the card since March 2012. (And that was without the 5000 extra points.)

I’ve been a fan of the Chase Sapphire Preferred Card as an important tool for frequent flyers since 2011 because:

  • It earns one of the most valuable points currencies, which transfer to a variety of airlines (including in all 3 major airline alliances) and hotels.
  • It earns points quickly, with double points on both travel and dining (what travelers tend to spend on most).

It seems that Chase has only wants to approve this card for new customers that haven’t applied for 5 new cards in the past two years. The advice then is to prioritize getting a Chase Sapphire Preferred Card before you apply for other cards.

Here are my 10 favorite things about the Chase Sapphire Preferred Card.

  1. 50,000 Point Signup Bonus

    At 50,000 bonus points after $4000 in spending within 3 months, it has a very rich signup bonus. Get that bonus now, we haven’t seen a broadly available 50,000 point offer for this card in almost four years. And this one even lets you earn 5000 more points for adding an authorized user and making a purchase in the first 3 months from account opening.

    Since the first year fee is $0 and then $95 thereafter, too, this is best broadly available offer we’ve ever seen for the Chase Sapphire Preferred Card in over 4 1/2 years.

  2. Double Points on All Travel and Dining

    That’s what most of my spend is, especially reimbursable spend — not just air and not just hotels, but both and cars and taxis and tolls, plus meals on the road.

  3. Ultimate Rewards Mall

    Additional points for your online shopping through access to the Chase Ultimate Rewards mall, a mileage-earning shopping portal that often has the most lucrative opportunities to earn extra points for the online purchases you’d make anyway.

  4. Primary Rental Collision Coverage

    If you rent a car with this card you don’t just earn double points (for travel) but get extra protection. Most premium cards offer secondary collision coverage, they pay what your insurance doesn’t (which usually means they cover your deductible). With Sapphire Preferred’s primary coverage, rental a qualifying vehicle and charge it to the card and your insurance company may not even need to know…

  5. Trip Delay Coverage

    Buy airline tickets with the card and if you’re delayed 12 hours or overnight you can get reimbused for hotel costs and meals.

    You must be on a round trip ticket (trip not to exceed a year) and have charged at least a portion of your ticket to the card.

    The $500 benefit applies to each spouse or dependent (under age 22) that’s delayed whose ticket you charged to the card.

    Since you only have to charge a portion of a ticket to the card, coverage applies even to award travel thus it’s best to pay award ticket taxes with a Sapphire Preferred Card (and not just for the double points on airfare).

  6. The Card Has a Great Look and Feel

    This isn’t a reason to get a card but it’s a sleek card, heavier than what you’re used to and without any raised numbers (and in fact, no numbers on the front of the card). Lucky called it “the poor man’s Centurion card.”

    Milepoint member AndyAndy decided downgrade his Chase Sapphire Preferred card to a regular Sapphire card with no fee (no longer available). He tried to dispose of the card himself. With a blow torch.

    chase sapphire preferred card benefits

  7. Transfers to Airlines in Each Alliance and More

    These points transfer to United, Korean, Singapore Airlines, British Airways, Virgin Atlantic and Southwest. Here are the 9 Best Uses of Chase Points.

    United gets you Star Alliance availability to Europe and Asia and no fuel surcharges. British Airways gets you cheap short-distance non-stop awards.

    You get access to Skyteam award space through Korean Air which has some very favorable awards — like some of the cheapest awards to Hawaii and 80,000 mile business class roundtrips to Europe (plus fuel surcharges).

    You also get the ability to redeem for international first class through Korean and not just business class, something Delta doesn’t allow.

    And transfers to Singapore are exceptionally useful because using Singapore Airlines miles you get much better availability redeeming for Singapore business and first class flights than what’s offered to their partner airline members.

  8. Transfers to Several Hotel Chains

    Hyatt is the best value, but points transfer to Marriott, Ritz-Carlton, and IHG Rewards Club..


    Bedroom of suite at Grand Hyatt Kuala Lumpur


    Park Hyatt Chennai

  9. Visa acceptance

    The card is a Visa, while many other valuable cards are American Express, and that means you can use it pretty much everywhere (soon even Costco).

  10. Past cardmembers are welcome back

    If you’ve had the Chase Sapphire Preferred Card before and don’t any longer, you’re eligible to apply again and still receive a bonus provided it’s been 24 months since you last received the bonus.

If you do not currently have the Chase Sapphire Preferred Card, consider getting it — with 50,000 points as a signup bonus and a $0 annual fee the first year ($95 thereafter), there hasn’t been as good a time to do so in a very long time.

Key Link: Chase Sapphire Preferred Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community Milepoint.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. Hi Gary, I was targeted by Chase Sapphire Preferred with 60K signup points through the mail, which I didn’t see until March and the deadline was Feb 8. I called Chase and the first rep said that she’d extend the offer but I didn’t apply right away. Then I called again, spoke with a rep and a supervisor–no go. I spoke to a branch manager in NY and a new account rep in a branch in LA–still no go as the offer was set by their marketing dept and they wouldn’t extend the limited-time offer past deadline, even though I have a Chase checking account with paycheck auto deposit, Chase Amazon visa and just opened an investment banking account with Chase. My credit score is over 850 as well and I don’t churn cards. I genuinely want a better visa card to use when places don’t accept AMEX (I have a DL platinum cobrand AMEX and that was the only card I applied in the past 5 years). I don’t think HUCA would work with any Chase phone reps. What would you suggest? Thanks!

  2. @Ben I had only heard of a 60k offer being available to Chase Private Client customers. If you didn’t apply by the deadline I think you’re out of luck if that is what Chase is telling you especially now that it’s been nearly 2 months. 50k (+5k for authorized user) is probably your best bet.

  3. @Gary: Actually my mom got targeted too but not via DM. She went to a branch in LA and her friend was the new account rep, who saw this offer popping up in the computer, even though my mom wasn’t / isn’t a Chase Private Client. So that was strange. And I got the offer via DM as there’s no offer popping up in the computer when she checked for me. I was told to wait for the next promo or followup promo. But I need to use this visa to book biz class tix to Asia soon 🙁

    Btw, my mom cannot refer because she got the 60K offer. My father didn’t get the 60K offer, just the regular 50K, so he can refer me. I don’t know why Chase doesn’t allow my mother to refer anyone to this card to receive 5000 points though.

  4. Gary, It’s so nice to be able to pick and choose where to deploy your points. Your sight is where I first learned about the Chase Sapphire card. That was a few years ago and now with decent balances I have a lot of flexibility with my travel opportunities. My favorites include Hyatt and Korean Air.

  5. Every single point you mentioned, Citi Prestige is better (except travel coverage for tickets paid partially with Chase and rental protection) and has a few other higher end perks. Any reason, why you CSP is your #1 card vs. Prestige?

  6. Gary,
    Like everyone, you have omitted the most unique, important and useful benefit of this card…………!!!!!!!!!!

    TRIP INTERRUPTION & CANCELLATION INSURANCE.

    I am 80 years old, and trip insurance at this advanced age is ungodly expensive, running ~15% of the trip cost. Therefore this benefit is of huge importance. Of course, the devil is in the details, and travel insurance policies are notoriously dicey on the issue of “pre-existing” conditions.
    Most of us oldies have these, so I thoroughly investigated this issue before relying on my CSP card for travel insurance.. The fine print of your card benefits reads like most standard policies, but I phoned the underwriter [Chubb, 1-855-307-9243] to clarify it. Incredibly, I was directed to a very knowledgable and forthcoming agent who emailed me a lengthy personalized run-down.
    I quote here the crucial clarification of “pre-existing condition”:

    “Pre-Exisiting Condition means illness, disease or Accidental injury of you, your Traveling Companion, your Immediate Family Member or the Immediate Family Member of the Traveling Companion, for which medical advice, diagnosis, care or treatment was recommended or received within the 60-day period immediately prior to the purchase of a Covered Trip. The taking of prescription drugs or medication for a controlled condition throughout this 60-day period will not be considered to be a treatment of illness or disease.” Pretty Nice!

    That said, I have fortunately never had to use this coverage, nor have I heard of anyones’ experience using it. It would be enormously useful to the readers if anyone could comment on their experience with it!

  7. I read in this or another blog that Mastercard is cheaper than Visa, though it may be negligible.

  8. Comment above stating “#11: commission”…give us a break! Gary is 100% correct that the CSP is the number 1 card to have and this factoid is true with or without commissions involved. If our favorite blogger’s receive a commission in order for them to justify all the time they spend giving us these helpful and potentially rewarding feeds that is a good thing. If you don’t agree then just unsubscribe. BTW all receive these payments or why would they waste their time?

  9. i agree. i got the card last year based on your recommendations and am now traveling europe using my signon bonus plus 10K points (60K total points) which bought me a free round trip ticket through United! The flight would have been $1300 – only cost me $80 in some misc fees and 60K points. (MCO->GVA; then BCN->MCO)

    Already have been accumulating more points using 2x travel rewards will hopefully have enough for my next free eurotrip next year!!!

  10. I see that you eliminated ‘no foreign transaction fees’ from this evergreen post you’ve repeated thrice in the last year. I consider that a personal victory.

  11. I like the quantity, quality and variety of hotel choices through Ultimate Rewards. Several years ago my wife and I needed a hotel close to BGO in Norway for an early morning return flight rather than a 45 minute taxi or bus ride from Bergen. UR had listed a fantastic 4 star hotel for around 18,000 points 10 minutes from the airport.

  12. Is gas considered a travel expense for this card? And how do they determine which meals qualify as travel expenses? If they’re meals not in the town you live in? Because I have Bank of America’s Travel Rewards card and with that one meals are not considered a reimbursable travel expense, which I find irritating but I can see a problem in deciding what’s a travel meal and what is just eating out.

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