21 Things I Still Love About the Chase Sapphire Preferred Card After All These Years

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I do not have referral links for the Chase Sapphire Reserve Card, Chase Freedom or Freedom Unlimited cards and information about these products has neither been provided nor reviewed by their issuer.

Chase Sapphire Preferred Card

Regular readers are familiar with my recommendation that if there’s one rewards card you should get, it’s the Chase Sapphire Preferred Card. It’s got a great signup bonus, strong points-earning of valuable points, and good benefits as well.

    chase sapphire preferred card

Many readers are familiar with the benefits but it’s the core ones that get talked about the most. Those are worth repeating, but I also want to get further down the list in case there’s anything new for you.

So I thought I’d share 21 things I love about the card even after all these years (I applied for the card in 2011).

  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. This bonus hasn’t been around the whole time, in fact it was dropped to 40,000 points for four years. Indeed it’s the best broadly available offer we’ve ever seen for the Chase Sapphire Preferred Card.

  2. Points for Adding a No Fee Additional Card

    You earn 5000 more points for adding an authorized user and making a purchase in the first 3 months from account opening. And authorized users on the account are free. These miles weren’t part of the signup bonus back in 2012 and before, either.

  3. A First Year Annual Fee of Zero

    You don’t pay an annual fee the first year, it’s $0, and then $95 in subsequent years like many premium cards. So you get to try the card, earn its signup bonus, and see how much value you’re getting before even being asked to pay an annual fee.

  4. 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.

    To be sure the Sapphire Reserve earns 3 points per dollar on travel and dining, but I’m asked frequently by people that have the Reserve whether they should keep that $450 annual fee card after the first year.

  5. 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.

  6. Points transfer to Singapore Airlines — one of the best airlines in the world, with great premium cabin availability, stopovers for a fee even on one-way awards, and very low fees

    It’s very rare indeed that you can ever use miles from Star Alliance partner programs like United MileagePlus, Aeroplan, or LifeMiles for long haul premium cabin travel on Singapore. But Singapore offers members using their own miles fantastic award availability on most of their routes. Suites Class is even regularly available between Europe and Singapore as well as Australia.

    There are no fees for close-in award redemption. There are no fees for changing the time or date of travel on a Singapore Airlines award.

    Award cancel and redeposits cost $30. And they’ll warn you about penalties if you fail to cancel or change your ticket at least 24 hours prior to departure — if you no show and don’t bother to call, and still want your miles back, that will cost just $75.

  7. Points transfer to Korean Air — the airline with the most first class saver awards in the world

    They make great first class award space available to their members. Korean and Delta are partners, but since Delta SkyMiles members cannot redeem their miles for international first class (on any airline) there’s very little competition for the space.

    And not just one or two first class award seats either, I frequently see 4 seats on Los Angeles and New York JFK flights.

    Korean flies to Atlanta; Chicago; Dallas; Honolulu; Las Vegas; Los Angeles; New York JFK; San Francisco; Seattle; and Washington Dulles. With all their US gateways you can almost always find award space to and from Asia.

  8. Korean Air points can be used for business class travel between the US and Europe — and Korean charges just 80,000 miles roundtrip. This means flying on their SkyTeam partner airlines like Delta, Air France and KLM. That’s a 36% savings on the 125,000 miles that Air France KLM Flying Blue charges and that Delta charges. You have access to the same saver award space that these airlines make available to their partners, too.

  9. Korean Air also offers great value awards to Hawaii on their partners Alaska Airlines and Hawaiian Airlines. Flights between the US mainland and Hawaii (or Mexico) are 30,000 miles roundtrip in coach and 60,000 in first.

  10. Points transfer to United Airlines MileagePlus which is great because it’s one of the few airlines in the world that does not add fuel surcharges onto any awards and because that gives you access to availability across the Star Alliance and with easy online bookings.

  11. Points transfer to Air France which offers great business class award availability and discounts on awards up to 50%.

    They make far more award space available on Air France and KLM flights to their own members than they do to partners. I find really good space between the US and Europe, even on West Coast routes.

    Flying Blue offers promo awards each month, discounting certain markets 20% – 50% that let you book travel between that city and anywhere Air France flies in Europe, from 31,250 miles each way in business class. So you could fly between North America and Israel in business from 62,500 roundtrip.

  12. Points transfer to Hyatt which gives you access to high-end hotel redemptions, reasonably-priced suite awards, and room upgrades with points.

    Hyatt lets you redeem ~ 60% more points than a standard room for a suite on a free night. And Hyatt lets you spend 6000 points per night on a qualifying paid rate stay to upgrade to a suite — at booking. And that 6000 point price is the same regardless of the price level of a hotel.

    You do have to pay the standard or Hyatt daily rate to use points to upgrade a paid reservation to a suite, and at a resort you have to book at least a deluxe room to be eligible to use points for upgrades. And free nights in suites require a minimum 3 night stay.


    Park Hyatt Aviara

  13. Points transfers with most airline and hotel partners are instant.

    This is great because you don’t risk awards disappearing this way. And you don’t need to transfer points to an airline or hotel program until you need them, since transfers happen quickly. (Singapore Airlines transfers in my experience take 12-24 hours but have taken as long as 36 — which is ok since Singapore has let me put awards on hold, then I’ll transfer the points).

  14. Makes your Chase Freedom or Freedom Unlimited points more valuable

    You can earn great bonuses with Chase Freedom (5 points per dollar in quarterly categories) and Freedom Unlimited (1.5 points on all spending) but those points do not transfer to airline miles or hotel points.

    But if you have a Chase Sapphire Preferred Card you can transfer points from Freedom or Freedom Unlimited first to your Sapphire Preferred account and then on to miles and points with your favorite hotel program. That’s how Sapphire Preferred makes those other points more valuable.

  15. Purchase Protection

    If you buy something and the merchant won’t take it back and it’s within 90 days of your purchase, they can pay you back instead up to $500 (maximum $1000 per year).

    If your item is damaged (or stolen) within 120 days of purchase, they’ll cover it up to $500 ($50,000 cumulative for the account).

    When I dropped my Android phone on the sidewalk two months after I bought it, I smashed the glass screen — and I wound up with a check for $314.99.

    chase sapphire preferred benefits

    If a manufacturer’s warranty lasts a year, they’ll cover a second year. If it lasts two years, they’ll cover a third year. So if your stuff breaks don’t just throw it away, call Chase and get the ball rolling on their provider sending you a check.

    If you buy something in the US and you find a lower published price within 90 days you can get back the difference up to $500 (maximum of $2500 per year, not bad for a $95 annual fee card that’s $0 the first year).

  16. Baggage Delay Coverage

    If your checked bags are delayed more than 6 hours they’ll reimburse you for things like toileteries and clothing you need to buy, up to $100 a day for 5 days (or until your bags are delivered, if less).

    And if your checked or carry-on bags are damaged or lost permanently, they extend coverage up to $3,000 per passenger.

  17. 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…

  18. Trip Delay Coverage

    Buy airline tickets with the card and if you’re delayed 12 hours or overnight you can get reimbursed 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).

  19. 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).

    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

  20. 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 (even Costco).

  21. 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.

Bear in mind that if you’ve opened 5 or more new card accounts in the last 24 months, you’ll want to wait — let new accounts age beyond 24 months before going for this one.

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 InsideFlyer.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. Great post. Do you know if it is possible to downgrade my Sapphire Preferred to a Chase Freedom Unlimited, then transfer Freedom points to my spouse living at the same address who has a Sapphire Preferred, and then redeem them at a higher value? Or do I have to have a premium card also? We are trying to reduce annual fees without losing the value of our points. Thanks!

  2. I have the same question as Sean. Also, if my husband cancels his Sapphire, would he ever become eligible to open the Reserve and get the bonus?

  3. Dear Gary, So here’s MY take on the card which I sent you in an e-mail some time ago.
    ..I used my new Chase Sapphire Preferred Credit Card for a month of travel, then looked up the number of points I’d accrued and how to use them. Very few, it turns out, but no surprise. Then, out of curiosity I looked up their travel service deals which they promote on the website (“Your points are worth 20% more if you book through our travel service, etc.”)
    I only looked up one possible round-trip flight, United, the one I’d be most likely to book soon, and compared their fare quote with the one for the same flight on the United website. The Chase service quote was $3,000 more than the one listed on United (which is already higher than the price I’d get booking through a local travel agent – yes they still exist!)

    So…I shall pay off this card and cancel. Just thought you should know.

  4. …and you may pay with any other card you want when purchasing thru the Rewards Mall portal.

    “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.”

  5. Three more somethings to love:

    1. When you call, no robot intercepts your call; you go directly to a customer service rep who
    2. Deals prompt y with issues that other credit cards take interminable times to deal with and
    3. You can understand and be understood by the customer service reps because they are native English speakers

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